Savannah morning news. [volume] (Savannah) 1868-1887, 1883-10-24
Evening Report.

NEW ORLEANS, oct. 3.-EXchange-bank
ers' sterling 81 sol sal 81.
NEW YORK, Oct. 23.-EXchangc, "a SO34.
Money p gas per cent. Sub-Treasury balances
Com, sis, 900: currency, ST, 122, 600. Gov
eminent bonds firm; four and half per
cents, NO.; four per cents, l2l34; three per
cents. 100 bid. state bonds quiet.
The feature of the stock market to-day was
the strength and activity in NandeTbilts.
From the opening the demand was brisk. and
late in the day buying was on an enormous
scale. shares in the final dealings were
buOyani, and round lots were taken at adj
vancing figures. The rise in prices ranged
from IS to IS per cent, the latter for Michi-
gan Central. which rose from sos to SSt4.
New York Central and Canada Pacific sold
up 2's per cent. each, to ll6l5 and J2l re-
spectively, and Lake Shore 2ts per cent. TO
% .. The sharp rise in Michigan Central was
due principally to the shorts, who, becoming
cover, and rushed the price up on them
selves. The rise in Michigan Central
naturally stimulated the demand for
other Nanderbilts, thus accounting for
the improvement in Lake Shore, New York
Central and Canada Southern. The general
market opened irregular, but advanced. Ore
gOn Transcontinental sold up % per cent. to
~ :, Northern Pacific IA per cent. to 2S,
Northern Pacific preferred 81 per cent. to 81,
per cent to y, St Paul x per cent. to go,
Central Pacific IA per cent. to 81, Louisville
and Nashville rs per cent. to 49,, Missouri
Pacific per cent. to g2's. and other active
stocks s(G4s per cent. y reaction of ilGl per
cent. in the general market and per cent in
Oregon TranscOntineutal took place near
noon. After this speculation was irregular
but firm until near p. M, when the buying
of Nandcrbilts led to purchases of other stocks,
and a general improvement of l2(G212 per
cent, compared with the lowest figures
Of the day, took place. In the last 10 min
utes of business nearly every stock sold at the
highest point. Canada Pacific rose to 52as
Chicago, Burlington and Quincy to I2jl2,
Northwestern to l2ll2, Northwestern pre-
ferred 10 1907, Lackawanna to ll49s, Louis
willie and Nashville to 49,. Missouri Pacific to
1855, Kansas and Texas to 223s, Jersey Cen
trail TO 96ls. Erie to 293s, Northern Pacific to
2S36 preferred to 6334. Reading TO 5l5s, Mani
itOba to 1862, Omaha preferred to 70 4, Texas
Pacific to 2ll5, Union Pacific to 80. Wabash to
1917, Wabash preferred to 33, and western
Union to 1864. Ii is reported on good author
ity that the squeeze IN Jersey Central
at an end. Oregon TranscOntinental especially
is likely to be sharply advanced when the
shorts attempt to cover. Among the shorts IN
stocks are supposed TO be prominent operators
recently on the bear side, who have not yet
been able TO cover up their losses. 1t is stated
that Chicago, Burlington and Quincy and st.
Paul, Minneapolis and Manitoba are in the
same position as the Michigan Central, and
that the rise in those shares this afternoon Is
the fOrerunner Of a sharp twist tomorrow.
Commission houses report more outside buy
ing to-day. London will also take some
round amounts of various stocks. Com
pared with last night, Nanderbilts
ClOScu lt4Wc'I per cent. uiSucTs
and the general market 3sG2l2 per cent.
In specialties. American Cable rose , per cent.
to 81. Cleveland, Columbus, Cincinnati and
indianapolis , per cent. To 80, Chicago, st.
Louis and PIttsburg preferred per cent. to
35. Memphis and Charleston ia per cent. TO
H34, Milwaukee, Lake Shore and Western
preferred per cent. to By Oregon Improve
ment y : per cent. 10 73i :. Pullman Palace =
per cent. to l26, Peoria, Decatur and Evans
VILE = per cent. to as. Richmond and West
Point Terminal declined | per cent. to =.
Transactions aggregated 100000 shares; fol-