Savannah morning news. [volume] (Savannah) 1868-1887, 1884-02-16

Speculation on the Stock Exchange during
the early hours business was quiet but strong
and changes were comparatively slight. Rock
Island was somewhat of a feature, advancing
u per cent. The talk on this stock was quite
"bullish.D on the belief that there VIII be
contest for the control of the property The
transfer books for the election closed to-day
In the afternoon Louisville and Nashville.
Union Pacific. and Western Union bought
freely. a leading bear in Union Pacific at
tempted to cover, but the stock ran M so ran
idly,l7S per cent, that the "bears'' secured oniv
small amount. Louisville and Nashville was
also in demand, and sold up one point but
feH back u per cent. On sales by a broker
Identified with prominent ''bear,o Western
Union Was more active and displayed marked
strength, rising q per cent. There was a lib
eTal pa lng Tor long account on the announce
ment that vanderbilt had taken measures to
prevent the delivery Of the Nickel Plate Tele-
gragh line to the Baltimore and Ohio Com
pany. rms line was included in the recent
purchase of the National telegraph COMPANY
It is understood that Vanderbilt claims the
Nickel Plate Telegraph is included in the
mortgage and belongs to the railroad. and
also wants the line operated by the Western
Union company. 1t was reported late in the
day that Western Union, which has been sold
heavily short for some time on the sale Of the
National Telegraph lines, will be the next
stock to follow Union Pacific on its upward
course to give the bears a sharp twist
The strength Of the shares mentioned excited
favorable influence on the general list. and
higher prices were recorded all around
Northwest rose to l23, Quincy to 1915, Canada
southern to 5l1s, Canadian Pacific to 631z. ST.
Paul to 93z, Lackawanna to l2715, Lake Shore
to 1895, Missouri Pacific to 9415, Northern Pa
clhe to 2l54, preferred to AS, Oregon Trans
continental to 2l1z, Pacific Mail to Az Omaha
preferred to 50, and Wabash preferred to 2gIS
These figures, which were generally the clos
Ing quotations, show an advance of 1l(dlL per
cent for the day. Sales $4,000 shares. the
market closing at the following quotations:
Ala. class A,2to5: so Manhattan Eev 52%
Ala. class small e0* Memphis & Char. IS
Ala. class Is, 5S -lOOF Metropolitan Ell. 81
Ala. class I, As ...fSO Michigan Central 80
georgia bs --..... IO2 Mobile Ohio. 9
. Is, mOrtgage*l05 Nash. u Chatt'a "a
e, gold .--- *lI2 n. j. Central .... S734
Louisiana cons0ls*0 New Orleans Pa
n. Carolina, old. 30 cifc, LIST mort 1874
new ........*l6 NY. Central ~ 1l716
funding 10 New York FL . los
special tax. % Norf. & w. pref. 4l3s
So. Caro-. Brown Nor Pacific com 2ll5
cOnsOls ...... 105 uref 473z
Tennessee Is, old *3914 Ohio&Mississippi 2355
new ...,-...,T5S>s pref. 80
Virginia Is. ......+40 Pacific Mail - 49,
Va. consolidated s39 Pittsburg -....... 1887
Va, deferred 900. Quicksilver . 5l5
Adams Express 100 " preferred %
Am'can Express. So Reading - 5676
Ch'peake & Ohio. IA Richm'd&Arghy
Chicago & Alton 1897 Richm'd 4 D9ny. IS
Chico N'rthw'n 1924 Richm'd & w PIT.
preferred 1857 Terminal .. 81
Chic, St.L.& NO. 81 Rock Island ~ l2475
Consolidated Coal 2215 St.Louis & san f. 2ll9
Del, Lack. Il w l27l4 g pref *42fz
en.&Ri0Grande q 50 " fstpr 81
Erie.............. 2735 st. Paul ....... $685.
Z. Tennessee Rd. preferred 49,
Fort Wayne 1873 Texas Pacific 2l13
Hannibal t.Jo 3S12 Union Pacific. S935
Harlem -:........ 1913 U. S. Express. 60
Houston & Texas. Al Wabash Pacific. II
Illinois Central 1889 pref %
Lake Shore ..... 1897 Well & Fargo 40
Lvlue Il Nash. 4S3S Western Union . 1862
Bid. '|4