Savannah morning news. [volume] (Savannah) 1868-1887, 1885-10-20
MARKERS BY rELEaRAPH.
FINANCIAL.

LONDON, Oct. 10. moor. -Consols, 100 7-16.
NEW YORK, Oct. 10, noon.--Stock moderate
ly active and steady. Money easy at l92 per
cent. EXehange-lOng, 81 $50; short, "a $50.
State bonds dull but strong. Government
bonds dull but firm.
$500 p. m.-Exchange, 81 sSIS. Money closed
at l1293 per cent. Sub-Treasury balances
Gold. Sl57 81 900; currency SIS, l43 600, Gov
eminent bonds dun bat steady; four per
cents, 1888; threeper cents. 1885. State bonds
dull but firm
Trading on the Stock Exchange this morn
ing was as active as has ever been seen in the
history of the exchange, the total sales for the
nrs6 thirty minutes aggregating nearly 10000
shares, for the first hour over 200 600. and for
the day nearly 100000 shares. This is the
business reported; hut, as Is always the case
with an extremely active market, the report
ed sales are very materially below the actual
amount of business done. With this activity
came also further decided advance in prices,
winch amounted at one time TO verltable
boom in nearly every active stock on the list.
The market, however, was somewhat irregu-
lar and inclined to be feverIsh at the opening
this morning, and the early advances were in
measure lost before the emu OF the first hour.
From that time until 10 O'Clock there was a
decided upward movement, resulting in a
gain over Saturday evenings closing quota
lions OF fractions to over per cent In this
advance Oregon Navigation led, and Pacific
Nail following close after the coal stocks,
Vanderbilts especially, Michigan Central
Union Pacific and Northwestern all rose over
Z per Cbhbs Mllllb W tSicTH OblOu anu III AdCb
all the Gould stocks were strong, without
making any such decided gains the advances,
however, ranging between and Ia per cent
The highest prices were reached about 10
O'Clock, and for the next hour the market was
inclined to be heavy, without any material
decline in quotations, but in the last hour
there was a decided break, which ranged from
y TO per cent, accompanied by great ex-
element and enormous transactions, while
prices were irregular, leverish and, as stated,
weak, in which condition the market closed.
The result. however, of the davis operations
is an advance IN almost every instance, the
only exceptions worthy of note being q de-
cline of u per cent. in Louisville and Nash
vile, Il in Erie, which was weak all day. and
Central Pacific is down *, with Lake Shore
unchanged. The activity of Reading was
feature of the market, $4,000 shares being sold
and the close being I5s per cent. above Satur-
day. No rumors accompanied the activity
except general bull talk about the coal prop
critics. Pacific Mail closed with net advance
of per cent on statements that the company
was earning about per cent. for the current
quarter, and that the usual dividend would
be declared. Jay Gould saws there is no truth
in the reported agreement between the tele-
graph companies; Western Union closed "a
per cent. higher, after an advance of IL.
President Adams, of Union Pacific, is quoted
as talking decidedly bearish about the affairs
of the company; the stock closed Is per cent
higher. Northwestern was up per cent. on
the report of $50, 900 increase in the earnings
for the past week over the same time last
Shore Pacific Mail, Union Pacific and Lacka
wanna, in the order named, contributed 40
per cent. of the days business. The following
arg the NIoaiOQ ouOtatiOns.