Savannah morning news. [volume] (Savannah) 1868-1887, 1885-11-12
MARKETS BY TELEGRAPH.
FINANCIAL.


LONDON, Nov. IL, nOon.-Consols. 100 Gle.
4p. m.-ConsOls, 1907.
NEW YORK. Nov. II. noOn.-Stocks quiet and
heavy. Money nominal at 2@3 per cen.
| Exchange-lOng, 81 S234; short, 81 S43z. State
bonds dull and unchanged Government bonds
! quiet but firm.
500 p. m.-Exchange unchanged. Money
! closed at 215 per cent. Sub-Treasury balances
Gold NRS,61 900; currency, So. l20 900. Gov
eminent bonds dull but steady four per cents,
1859; three per cents. 1885 State bonds quiet
| AM heavy.
The recent hesitancy in the stock market
has been followed to-day by increased
| activity and strong tone during he fore
! noon, which deve oped into buOyancy later in
the day, but one OF the most prominent fea-
lures of the market continues to be the eX-
IRENE activity and apparent strength in a
few stocks to the neglect of the rest. An
ANALYSIS of the transactions from day to day
discloses the fact that this activity is not
confined to few issues. but that two or three
stocks will be taken in hand and marked MP
or per cent, and then dropped for others,
which VIII be subject to the same treatment.
Erie contributed $4,000 shares to tO-day's
business against l1,30l shares yesterd ~. Erie,
St. Paul and Lake Shore furnished $40. 00u
shares against 10000 yesterday. The total
sales to-day were 561,000 shares, but with the
execution OF half dozen stocks sales were for
mall amounts and fluctuations only mode
rate. Preparations for a strong opening this
oruing began almost Immediately after the
close of the Stock Exchange yesterday, and
were in demand on the street a. 1s@1I per
cent above closing figures. At the opening
this morning everything on the list was
higher. the advance ranging from 1s(G4 per
cent. during the forenoon. Prices were COM
paratively steady within range OF about "a
per cent, and at noon we're only a shade
above the opening IN most cases, while few
stocks were lower. The decided upward
movement. which continued throughout the
afternoon, began shortly after midday. Ii
cannot be said that the rumOrs current
affected prices. as the rumors came after the
advance had been established, and were
doubtless the outgrOWth of a sudden move
ment upward. The street was told that Erie
common STOCK rose per cent In the after
noon, because one Of the coupons on second
consos would probably be paid next month
ami even this when investigated, proved to
be still a matter Of uncertainty, no official
action having been taken. With sales of little
less than 900 shares. the stock rose to and
closed at 2456. st. Paul was also strong, ad-
vancing after y O'Clock from littl- above 96
to 07i%. but late in the day showed some
feyerishness and finally closed a per cent.
lower. with a net ADVANCE of ~ per cent. II
was some OF the inactive stocks which made
tn greatest gains, Central Pacific. which
seldom attracts any considerable attention,
gaining 2sS per cent. at 4s34, after selling at
10 on transactions Of 2. 400 shares. while Man
haitian consol ated rose from Ill to lis, and
clos q per cent, lower. Ma itooa edvanced
2L per cent. TO l073z But the last sale WAS
made at 8. Other stocks that made a net
gain OF only ] per cent. are Union Pac ifle,
Louisville and ashvllle, Missouri Pacific aud
Northern Pacific preferred. But there il not
a stock on the active list that does not show
SOM gain. While the room traders, who are
always ready to buy or sell for 5<g1z per cent.
profit. are active BUYERS OF stocks. AT times
ike the present. while conservative speculs-
tors and ali who are not loaded with stocks
nothing The market closed at the following
quotations: