Savannah morning news. [volume] (Savannah) 1868-1887, 1884-02-03

returns from home railways are declining.
American railway securities show moderate
Improvement; Central Pacific has advanced
pOint, Denver and Rio Grande 3, Lake Shore
and Michigan Southern 2, and Louisville and
Nashville 3l5. Anglo American Gable has de-
clined. common point, preferred ~"
NEW YORK. Feb. ,, nOOn.-StocKs buOyant.
Money easy at 112(G2 per cent. Exchange
long, 81 S51z(64 S5s4; short, s. SS(G4 $50. State
bonds quiet. Government bonds steady.
): 200 p. m.-Excnange. 81 $50. Money, I1512
per cent. Sub-Ireasury balances-COln. SllS,-
AZ 600: currenCy,$9 ,l4l. 600. Government bonds
closed firm; four and half per cents, ll4I<:
four per cents, 1889; three per cents. 1CO15
bid. State bonds steady.
Not since October last have the sales at the
Stock Exchange reached the total attained
to-day, $4,000 shares having changed hands.
From the opening until the close Of business
the tendency or prices was upward, the reac-
tiOns, which occurred at intervals, having IN
Variably brought in buyers. and this caused
rapid recOverieS. The bulls were IN tull con-
troll, and were materially assisted In their OPP
eratlOns by a large increase IN the nuthDeI ol
out of town orders and bv purchases to cover
short contracts. The smaller bears nave gen
orally covered, and are now enIlsteu on the
bull side; but the large bears are sun nSdtliy
short as the borrowing rates Tor Stocks PLAINLY
Indicate to-day - Oregon Navigation COM
manded = per cent per diem Tor use, LOUIS
vilIe and Nashville l-l6lG14. and Northern Pa
cific Dreferred New York Central and Read
inc 1-64 and Canadian Pacific, Manitoba and
New Jersey Central lent fiat. The activity
and excitement covered awning witnessed
on the stock Exchange Tor long time past,
and the dealings in some OF the leading shares
were on an enormous scale, Union Pacific
leading with $4,000 shares, an unusually
large total for any stock. The advance ranged
from - to per cent, and extended through
out the entire list. The great features of the
market were Union Pacific, Western Union,
Missouri Pacific, St. Paul, Lackawanna, Lake
Shore, and the lOw-priced Southwestern
shares. The rise started under the leadership
of Union Pacific, which adv2nced2Z per cent.
As the buying movement in this stock pro-
crossed, il was discovered that the supply was
smaller than anticipated, and this greatly
sisted the advance. Western Union followed
closely after Union Pacific, and rose 15s per
cent. on business Of over 90 900 shares. Mis-
souri, Pacific also advanced sharply. selling up
IA per cent. and closed at the highest point
of the day. The attempt Of the bears to cover
in this stock did not meet with much success,
as the market ran away from them. The deal
lngs / n st. Paul and Lackawanna were large
at steadily advancing prices, the former rising
- and the latter per cent. Several prOmI-
nent bears 'twisted' on these two stocks to-
day. Lake Shore was another leading feature
in speculation, rising > per cent. with cOnsid-
cradle buying for Nanderbits account.
Northern Paclhcs were more active and high
er, common advancing = and preferred l1s
per cent, and Oregon TraGscOnunental sold
up to .. In sympathy, low priced South
western shares exhibited more animation and
strength than for months past. Changers
were purchased freely, on the belief that the
meeting, on Monday, of the Western Trunk
Line Association viii result in some definite
understanding between the roads. Northwest
rose to l20l4. Chicago. Burlington and Quincy
TO i24l2, Omaha To 81 4, and ditto preferred TO
50. Canadian Pacific and Pacific Mail ad-
yanced to 557s and l65i, respectively, the rise
in the former being due to the shipments of
stock to London, which has reduced the sup
ply here to very small amount, and in the
I latter to the increased freight business of the
company, extra steamer having been sent
out this week. Michigan Central rose to al I,
I and laf fflf Ia % O. u
was a reaction Of ,Gl per cent, owing to
sales TO realize by the smaller class OF opera
tors and room traders. who usually close out
on saturday on bull market; but in the final
Transactions there were rallies. aud specu la
ton closed very firm, with many shares close
on TO the highest point Compared with last
nights closing. prices are L(G21S per cent.
higher The following are the closing quota =