Savannah morning news. [volume] (Savannah) 1868-1887, 1885-12-23
MARKETS BY TELEGRAPH.
FINANCIAL.

LONDON, Dec. p, nOon.-Consols, 90 S-lt
for money; 995s for account.
NEW YORK, Dec. IA nOOn.-Stocks dull but
firm Money easy at 2(G3 per cent. Ex-
change-long. 81 $50; short. "a SO. state bon ds
neglected. Government bonds dull but eady.
$500 p. m.-kXehaHgC, 81 So. Money closed
at pas per cent. Suh-Treasury balancas-
Gold. Sl12.sO 900; currency, $lS,6O0.OoO Gov
eminent bonds dull four per Genus. l24s;
three per cents. l04ls. State bonds very dull.
The Ock marAet was extremely dull Jhls
morning. On later reports of probable ship
ments OF gold to Europe the marAeG became
more active and weak. and as the news in re-
gard 10 foreign exchange was circulated the
disposition 10 sell grew, resulting in total
sales Of 3SS, 100 snares; but of this nearly 200,
Oo0 shares were in LackaWanna, Lake Shore,
Missouri, Kansas and Texas and ST. Paul.
Prices in the morning were steady At the
open ng. follow by fractional declines and
renewed trmnes during the morning and
continued weakness until the close. The
stocks IN ntioned yielded ~ 10 per cent.
fru m the highest prices Of the morning, and
the active list is from | to over per cent.
lower than it closed yesterday. Missouri Pa
citlc shows loss of Us per cent ami oregon
Navigation %: VanderOilJs were verv wei
held, New York Central losing only q and
Lake Shore | per cent; Erie ls on q per
cent: there is slight decline in L0uisvil e
aud Nashville; other losses are generally %
10 ~ PER cent, the latter for Missouri, KAN
SIS aud Texas. but Texas Pacific is down Only
"a per cent. The market closed irregular hut
Generally heavy. The absorbing topic Of in
terest among brokers, operators, banAers ami
dnsncial men generally this afternoon, both
before and after the close OF the EXcha ge. IS
tine reported arrangement for the shipment OF
gold on Saturday next. Reports on the board
lac in the afternoon were to the elect that
abhut s. OO0,000 in 20 had been purchased
for shipment. Inquiry at the Offices of lead
ing dealers IN foreign exchange. including
those VINO were reported u have arranged "
ext ort couslderab quantities OF gold. elected
the fact that no g0ld will probably be for
warded before Saturfay next, ana mat me
shipment then Is contingent upon the ma nte-
nance of the advance IN the rate Tor sterling
exchange. Al the house of Brown Bros a
Co. 10 WAS stated this evening thatthey woul
probably ship 81 100000 on saturday, nut moth
ing iennite was yet known. Other prominent
banking houses think the advance 10 foreign
exchange rates has been abnOrmally rapid,
and that it is still quite prObematical as TO
how large the shipments may be. When the
Rank OF England advanced its rate Of dis
count on Thursday last, the posted rates here
for foreign exchange were 81 541z for 6O-day
hills. and to day they advanced TO ~ 81 for
go day and 81 81 for demand bills. with The
ruling rate OF money IN Londo1 and New
York. dealers in exchange say gold can be
an ipued without loss at 81 so. The question
"a 10 the amount OF gold that will be exported
I'M The near future, they say, 10 largely de-
pendent upon the security bills that may be
oNered. fhe advance ms been simulated 70
some extent by the approaching ,ettlements
To he made at he end OF the wear. The fOl-
iovving a re the closing quotations..