Savannah morning news. [volume] (Savannah) 1868-1887, 1885-09-17

LONDON. Sept. 16, noon.-Consols. 100 s. l6.
NEW YORK, sept. l6. nOon.-Stocks fairly ac-
tive and steady. Money easy at per cent.
Exehange-long, 81 "a; short. "a SO. state
bonds neglected. Government bonds dull but
firm
500 p. m.-Exchange 81 SO. Money closed
at ~ per cent. Sub-Tressury balances
Gold. 1882 625 900; currency, $24, 1884, ZOO. Gov
eminent bonds dun but firm; four per cents,
l15H; three per cents. 1887. State bonds
neglected.
The stock market has been active and
strong, with only slight reactions at any time.
The sales were 262,00 shares. At the opening
the market was irregular, and so continued
Tor time. The lowest prices of the day were
generally made either shortly after the open
ing or between that time and midday, and
without any material reaction. There was a
slow plOdding upward movement until near
the close. Some feverishness was again de-
veloped in the final dealings, but the market
closed strong for nearly every thing on the list.
very prominent feature of the days market
was trading in Missouri, Kansas and Texas,
and Texas Pacific, both of which made de
clded advances. The inquiry was in every
body's mouth "What is putting up Missouri,
Kansas and Texas, and Texas Pacifc?" No
body was prepared with a reply, and there
was no news IN regard to the property of
either company of Importance. The trans
actions in the two stocks, however, amounted
to over 25 per cent. of the days business, and
after opening at the lowest they closed within
a small fra3tiOn of the highest figures of the
day, with gain of ia per cent. for Missouri,
Kansas and Texas, and rs per cent. for
Texas Pacific. There was a moderate bust
ness in st. Paul, which showed a net advance
of l1s, while Northwest is up u per cent. on
limited transactions. Lake Shore closed at
the hiz hest price of the day, with an advance
of l, and New York Central a shade off from
the highest. with q gain OF y per cent. No
other stocks were active, but Northern Pa
cids show an advance this evening Of q per
cent each. Among the coal stocks, Reading
ID up Ia. Iackawanna a, and New Jersey
Central "a per cent. Nearly everything else
on the active list made gains Of small frac-
tiOns. The news of the day was altogether
unimportant, and while the market was
strong it gave unmstakable evidence OF the
manIpulator's hand in nearly everything that
was done. Prominent officials of the coal
companies admitted that the coal trade is
steadily growing worse, and while there is
fair demand it is not nearly equal to the
supply. Said one of themsto- day: The coal
business future. 1t is all blank: II the pres
ent policy is continued to the close of the
year the companies will sink at least $4,000,
900, which can never be recovered and which
it was just easy to have obtained as to have
lost" The Official statement of the produc-
ton for the month Of August shows that the
output OF the mines was over 5000 900 tons.
and that at the end of August it was IN ex-
cess of the allotment to that time as agreed
upon last winter. Pacific Mail has been weak
for the past two days, and closed ON light
business with the loss of a per cent, the
cause of which is attributed to rumOrs that
by the Pacific railroads for the maintenance
Of rates if the TranscOntinental Association
fails to come to an understanding. The fol-
lowing are the closing quotations..