Savannah morning news. [volume] (Savannah) 1868-1887, 1883-09-27

NEW ORLEANS. sept. 26.-Exchange-b
ers' sterling 81 S2la.
NEW YORK, sept. 26.-Excnange, 81 S2l5.
Money 2i2G2 per cent. Sub-Treasury bal
ances-COm. SllS,070,O00: currency. S. 81. 900.
Government bonds generally strong: four and
a half per cents, l33s; four per cents, l207s;
three per cents. 1919. State bonds steady
stocks opened q fraction lower, but soon de-
VelOped considerable strength, and advanced
l4lGl1S per cent. Northern Pacific and Oregon
TranscOntinental were especially prominent
in the improvement. Northern Pacific sold
up to 81, do. preferred to 81 a, and Oregon
TranscOntinental to 5334. After the first call
report was circulated that a leading builder
had failed for 81. 000. 900. and the market de-
clined rapidly lf@l3s per cent, Vii
lards, Western Union and Missouri
Pacific being the weakest features.
Before noon the declaration of the usual Lake
Shore dividends of per cent. was announced,
and this stIaened the market, as it refuted the
statements made recently by the bears that
the dividend would be only IL per cent. The
reports Of the failure was also denied. At this
time the course of the market changed from
weakness to buOyancy- From noon until the
close prices moved up without any reaction
OF Importance. The advance ranged from !
10 80 per cent. the latter for Oregon Trans
continental, which sold up to 551,. Northern
Pacific rose 2 per cent. To 80, preferred per
cent. to Go, Denver 23s per cent. to 2S3s, Lacka-
wanna IA per cent. to 1911 4, Manitoba I5z per
cent. to 10, Louisville and Nashville l55 per
cent. TO sol :, Lake shore Is per cent to l025s
Missouri Pacific per cent. to 97I5, New Jer-
sey Central rs per cent. to 81, New Lork Cen
trial Il per cent. to ll5l4 Reading Il per cent.
10 81. Texas Pacific per cent. to 2S3s, Union
Pacific l5s per cent. to S9la, Wabash preferred
Il a per cent. to "a, and Western Union 10 per
cent. to 9g5S- The market closed strong at or
near the best figures of the day, which were
14G33. per cent. higher than last nights
closing. The improvement in the market is
due to continued favorable railway returns,
covering short contracts, and to the fact that
the decentralization in the wooden trade has
not extended as predicted. In specialties
Richmond and DanvIlle declined per cent
To 90. while Oregon Improvement bid up to 81
against - on Monday last. There have been
no sales IN the interim. Railway bonds
were firm and higher an increased
volume Of business. Bond dealers
report more inquiry on account of the
steady appreciation in United States
bonds, which yield a small return at current
figures. Richmond and Danville debentures
were exceptionally heavy and lower at 81, on
the reports that the directors of the company
will vote tomorrow not to pay the interest
on bonds due October LIST. The Governing
Committee of the Stock Exchange held their
first meeting to-day since May last, and
tested ST, O00,OO0 second mortgage per cent.
bonds Of the Canada Southern Railway, 81
10000 first mortgage per cents, SO, 2l2. 600
general 6s, 50, 250, 900 income bonds Shenandoah
Valley Railway. The committee also placed
upon the list Norfolk Southern Railway
stock, which is to take the place of Elizabeth
CITY and Norfolk stock. Transactions 4O3. 600
1Ets 81 he fol ND at