Savannah morning news. [volume] (Savannah) 1868-1887, 1885-11-19
MARKETS BY rELEGRAPa.
FINANCIAL.

LONDON. Nov. Is, noon.-Consois, 100 8-16
NEW YORK. Nov. Is, noOn.-Stocks active
but heavy. Money nominal at POS per cent,
EXchange-long. 81 81 $tG4 2lS; snort. 81 S4l9
Sta'e bonds dull and mn hanged. Govern
ment bonds quiet and unchanged.
900 p. m.-EXchangc, uncn nged. Money
closed at 2(69S per cent. Sub-Treasury bal
ances-God. s1i9, 3al 900; currency, sIl.n33 900.
Government bonds dull but strong four per
cents. 1885; three per cents. 1855 State
bondssteady.
ever before IN the history Of the Exchange
has the market been a. active as for time
to-day. The total reported sales for the fir [
thirty minutes were i57 600 shares, and for
the first hour 255. 900 shares. Between 10 and
u O'Clock the reported sales were 1905 Q
shares. While these are figures taken from
the official report, 1t is certain that the actual
business was very materially larger than in
dictated, as it was absolutely impossible TO OBJ
tain reports of all the transactions. The
market continued active throughout most of
the day, and the total sales were about the
largest on record, aggreg ating 74.200 shares.
They were slightly exceeded one day last
week, and the reported sales IN a single day
several wears ago were a little over 500, 90
shares These are few exceptions where the
business reported was slightly IN excess OF
that OF to-day. St. Paul, Western Union,
Mi -souri, Kansas and Texas, Northern Pacific
preferred, Northwest, Oregon Transconti-
mental, Lake Shore. and Pacific Nail LED in
the activity. but it has been a long time since
business was so well distributed. The London
quotations received before II O'clock were
higher. and the New York market opened
with intense excitement at 1s@5s per cent.
above The closing last night Louisville and
Nashville St. PAU, Pacific Mail, Northern
Pacific preferred. and Reading made gains OF
1s(15S per cent. The move Of prices during
the day was unusually lrreg ular. Although
the tendency Of the market was strong during
the early dealing, yet there were notable ex-
septions in which very little If any gains
were made. Prominent for advance wer.
Pacific Mail and New Jersey Central, each OF
- -. NOR " Mlaannri
cifc gained "a, Missouri, Kansas and Texas
49, Manhattan ~. Western Union, st. Paul,
Denver and Oregon Navigation each | pc
cent. while New York Central and Erie pre-
ferred established their highest at the OPEN
ing, and Erie common, Union Pacific, Lake
shore. Reading, Oregon Transcontinentala and
the Wabashes made advances OF only small
fractions. After midday the market became
weak. followed later by mOder to rally and
lower quotations late in the afternoon, bit
while this is true OF the general list there was
a number Of notable exceptions, each stock
apparently moving without reference TO the
9th rs on the list. The afternoon decline was
10 lowed by rumors OF the failure OF the trunk
lines tN com uleic their pooling arrangements.
Finally, shortly before O'Clock it was an
uonuced rs Official that the Baltimore and
Ohio had not signed the contract. and that
Mr.. Garrett wa waiting the result OF the ne
gotlations pending between his company and
tue Pennsylvania railroad. II is thought by
many that the whole matter may vet Fail Of
success: hat the Baltimore and Ohio viii
lrst build q line 10 New York, and then de-
mand a much larger per cent. in any future
pooling arrangements. The closing prices this
evening, compared with those Of yesterday,
present n very irregular appearance. The
Afternoon, which was strong throughout on
buvipg. IL Ia sisted. for insiders, shows a'net
advance Of per cent. Manhattan is ~,
New Jersey central "a, Missouri. Kansas and
Tsxas ~ per cent. Denver is down "a
Wabash preferred 21s, Lake Shore ia. and
Erie, New York Central, Michigan Central,
linton Pacific, and Omaha common for frac-
tional amounts. Is 4 stated that the earnings
OF the New York Central for the lrst fourteen
days nf November show decrease OF $4,000
compared with the same period last year, aud
M the Trunk lines are supposed 70 be getting
full rates the statement Is accepted ~ an I'M
favorable ind icatiOn OF the future. The low
price Of securities continue 10 attract attsn-
tion. The advance In these eecurities, how
ever were In a great measure lost Ia the owe
ming II is estimated that fl5,0O0.00O OF the
so-cailed wild. cat securities have been sold TO
Inc public through Wall street during the
naet thirty days. Gould says that tine full
stetoments that have been put In circulation
and accre lifted 70 him are not true. but that
he has advised his friends not to buy any
stoeka. a. the present movement IL specula-
tive craze that must end in disasters, there
beipg noth ng in the situation 10 warrant the
recent rise IN values. The following are she
closing quotations.