Savannah morning news. [volume] (Savannah) 1868-1887, 1883-10-10
Evening Report.

NEW ORLEANs, oct. .-EXchange-bank-
ers' sterling 81 Sd .
NEW York. Oct. 9.-Excnange, 81 sI3{.
Money l4lGl per cent. Sub-Treasury balances
Com. 81 $50. 600: currency. $3.50, 900. Gov
eminent bonds generally strong; four and a
half per cents, III; four per cents, l2O5s; three
per cents. lOO3-. State bonds quiet.
In the first hour business at the Stock En-
change was very irregular. There was, how
ever, fair demand for few stocks, cs
pecially Western Union. Oregon Transconti-
mental and Northern Pacific preferred. The
former was favOrably affected bv rumOrs of
the probable falling through of the much
talked of new cable company. IL was stated
that the company had been unable to procure
the necessary funds to carry on its work.
Wizards were strong on buying by inside par
ties. About II a. m. Texas Pacific declined
per cent. to 233 +, Wabash fell of Ia per cent.
10 20 andi preferred per cent. to b, Missouri
Pacific i per cent. 10 95l9, Kansas and Tex
as ! per cent. to .. Oregon TranscOntinental
H.. per cent. To J0ls, Northern Pacific pre-
ferred j. per cent. To 63l !, Omaha preferred
H., per cent. to %, and the remainder of the
list about ,tGll per cent. Near midday rally
Of "a per cent. took place. Later oman
other sharp drive was male, and the i'm
provcmeut was not only lost, but many shares
sold down To the lowest figures
current for some time past. The decline was
important in many cases, Texas Pacific sell
ing down ~ per cent. to 22l4, Kansas and
Texas per cent. to 2Il2. oregon Transconti-
mental per cent. to 5o3z, Northern Pacific Il !,
per cent. TO 81 = and preferred - per cent.
10 63t Z, Wabash 4 > per cent. TO 1881 and pre-
ferred ia per cent. to 3D.. Michigan Central
u per cent. 10 u.s., Louisville and Nashville
~ per cent. to 463t, Missouri Pacific p per
cent To 81 1. Western Union l3z per cent. to
49,. Omaha y : per cent. to 80 and preferred
, per cent. To 94l4. Weakness prevailed
throughout the greater part Of the afternoon.
After 2:l5 p. m, however, there were free
purchases to cover short contracts, and
rally of I5(9l5s ensued. The feature of the
day was the strength exhibited by Union
Pacific stock. which was well held
and which did not participate
in the weakness to any marked
extent when the market turned. In the after
noon this stock moved up easily to SIS. which
was ] per cent. above last nights closing,
when these shares brought So .lGS61s. Weak
ness in Southwesterns is due to the reported
damage to cotton and tobacco. Bears in
stocks were talking of the cotton crop being
only 5.00O,0O0 bales this year. Another reason
given for the decline in Gould shares is
that a large block of Texas Pacific was
ordered sold to-day, and the bears took
advantage of the order to hammer these
shares. Compared with last nights
closing prices are down tCG2 per cent. for
Omaha preferred, while SOuthwesterns,
Western Union, Central Pacific, Chicago,
burlington and Quincy, st. Paul, Rock Island,
Lake shore. New York Central, Reading,
New Jersey Central. and Union Pacific are
tldI per cent. higher. In specialties Bloom
ingtOn and Western declined l per cent. to
-, Ohio and Mississippi y per cent. to 81 4,
and Colorado Coal - per cent. 10 %. while
Manhattan Elevated rose to a. and Wells
Fargo per cent. To III .. Transactions 1872,
600 Shares. at the following quotations: