Savannah morning news. [volume] (Savannah) 1868-1887, 1883-09-08

FINANCIAL.
NEW ORLEANS, Sept. 7.-Exchange, bankers
sterling 81 S215.
NEW YORK, Sept. 7.-Excnange, 81 Sl15.
Money 212(d2 per cent. Sub-Treasury balances
Com. $l2OO95,OO0; currency, $7.OS3O0O. Gov
eminent bonds steady; four and half per
cents, ll214; four per cents, 1888; three per
cents. 1919 State bonds dull.
- In the early transactions the market was
firm and higher. Before the first call, how
ever, there was a fractional reaction, but the
weakness was only temporary, for shortly
after II a. m. the market became buOyant and
advanced sharply. The Improvement in price
ranged from = to 30 per cent, Denver lead
ing. Northwest, Louisville and Nashville
Northern and Union Pacific. the Nanderbilts
s0uthWesterns and Western Union We're all
IN good demand and recorded higher
figures. Denver rose 20, New York
Central rs, Louisville and Nashville and
Northwest rs per cent. each; Wabash ~,
preferred IA, Union and Missouri Pacific IL
per cent. each; Lake Shore and Northern
I Pacific each, and Western Union u per cent
In the afternoon speculation was alternately
weak ana strong; in fact, the highest as
! well as the lowest prices for the day were
made. At this time Denver sold up to 3O3S
against q, and Wabash to 1885 against 22is
down l24 against PSI. In the forenoon, in
the last hours trade, there were free sales
to realize profits, and the market ran off IA
I3s for the general list, and q per cent. for
Rock Island. 1t was reported that there
had been frost in Illinois
which had damaged corn s iItb3lS'
anu the pears TOOK advantage of this an
nouncement to force prices down. The
strength in Western Union was the reported
shipment to London for account of the syndi-
cate formed some time ago for the purpose of
taking round amount of stock preparatory
to listing 1t on the London Stock Exchange
The shipment, it is understood, is only a p0r-
ton of the stock bought for the PURPOSE
named. Western Union viii pay its dividends
on stock held abroad at the Mercantile Trust
Company In London, and it is stated that the
Gould southwestern system of roads will pay
dividends and have transfer books at the same
Office. In regard to the rise in Denver il is
believed in usually Well-nformed quarters
that President has been decided upon
although strict secrecy is maintained bv the
officials of the road. Compared with yestcr-
days closing prices were l4(02 per cent
higher, except Canada Southern, Chicago.
burlington and Quincy, the Omahas, North
west, Rock Island, Saint Paul, Lackawanna
Louisville and Nashville, Northern Pacific.
and Oregon, TranscOntinental, which were
1s(dls per cent. lower. In specialties Chi
cagO, st. Louis and Pittsburg preferred de-
clined TO 10 ?, rose to AIS, and broke to IS.
Alton and Terre Haute advanced per cent
TO 81 Boston Air Line preferred ~ per cent.
TO S2I2. Chesapeake and Ohio first preferred l
per cent. to %, Chicago, st. Louis and Pitts
burg per cent. to Is, Houston and Texas I
per cent. to 81. Lake Erie rnd Western IL nor
cent. to "A, Milwaukee, Lake shore and West
ern preferred per cent. to 10, Minneanolis
and st. Louis per cent to u, Erie preferred
per cent. to IS, Norfolk and Western pre-
ferred 10 per cent. to IS. san Francisco II
per cent. TO %, ditto preferred ! Der cent IN
As, and ditto frstS from ~ to 3D. Railroad
bonds were unusually active, and a general
advance in prices is recorded the improve
ment ranging from % to per cent South
Carolina incomes, Chesapeake and Ohio cur
rency skies Atlantic and Pacific incomes
Deyer and Rio c0nSOls, and West Shore and
Buffalo iirsts being most prominent. Trans
actions $4,000 shares, at the following quota