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


LONDON, Nov. 10, noon.-Consols, 1O05s for
money, 100 Ills for account.
BERLIN, Nov. lO.-The weekly statement Of
the Imperial Bank of Germany shows an In
crease in specie of 100000 marks.
NEW YORK, Nov. 10. noOn.-Stocks quiet but
fr'n. Money nominal at 292 per cent.
Exchange-long,$ 81 S24; short, "a S4s4. State
bonds dull and lower. Government bonds
dull but firm.
500 p. m.-Exchange, unchanged Money
closed at 2l5 per cent. Sub-TreRsury balances
Gold. 81 1857 200; currency, Sln.nS 900. Gov
eminent bonds dull hut steady four per cents,
1885; three per cents. 1881 State bonds ac-
tive but heavy.
The tone of the stock market has changed
greatly within the past ten days, gradually
rowing more feveTish and irregular, al
though the final figures. as was the case to-
dav. show in a majority Of cases a moderate
gain over yesterday. The strength is mani
testify the direct outgrowth of manipu alton
TO a much greater extent than for long time
past. Until recently the movements up and
down are extremely inharmOnious, such as is
usually the case when pools are endeavoring
to unload. The mani pulatlon to-day has been
carried on by two or three separate and dis
tiDct pools, but over 30 per cent. OF the re-
ported purchases and sales We're st. Paul and
Western Union. Four other stocks, New York
Central. Louisville and Nashville, Lake shore
and Union Pacific, contributed over 80 per
cent. more, while the remainder Of the list
was unusually dull and featHreless. The sales
of Lackawanna we're less than 7,400 shares,
the stock that only recently led the market.
At the opening prices were irregular, LOnis-
vile and Nashville leading with & ain of n
per cent, but New York Central was up *, and
the other active stocks were unch 'nged or a
shade lower. There was an irregular move
ment during the forenoon, but generally
within narrow limits, and the lowest prices OF
the day in most cases were made between the
opening and u O'c ock. There was squirt
shortly after midday, which lasted only few
moments, but from that time to the close,
with only moderate reactions. the market
NAV be called strong. 1t closed generally
little below the best figures, but with gains Of
Ln2IS per cent Western Union WIS notably
weak in the morning. selling from 1879 to II
on the early dealings, then to 1874, but devel
oped corresponding strength later, advancing
to 49, from which IL reacted, closing ut 7735,
tral was prominent for its strength through
out the day. and closed with a gain OF ia per
cent. st. Paul was heavy early at frac ions
below 90, but rose IN the afternoon and closed
az 95l% The mornings news regarding The
manipulation of this stock was unusually
bearish, and It was said that leading brokers
10 the stock had called in large number OF
loans. They were also quoted as admitting
that they were heavy sellers Of the stock yea
terday: but the charact of the news that
was given out after midday was more bullish.
which was followed by the advance above
noted. The strength recently developed in
Louisville and Nashville was again mani
tested, the stock cling up to 5OH: asd closing
at 50, Il net gain Of iss per cent. The lea IRE
OF he days operations was trading in Man
haitian consolidated. which has been extreme
ly dun or ent RELY neglecte for some time
past; the sales to-day amounted to 8,20a
shares during which the price rose 30 liz and
closed per cent. lower, with a net advance
of "a Sales aggreea ed 1860 shares, the
market closing at the following quotations: