Savannah morning news. [volume] (Savannah) 1868-1887, 1885-11-17
MARKETS BY TELRGRAPH.
FINANCIAL.

LONDON, Nov. 16, oon.-Consols, 100 1-l6.
4:OOp. m.-Consols, 100 l-16.
NEW YORK. Nov. l6, noon.-Stocks active
aud strong. Money nominal at 2@3 per cent
ExChange-long, 81 S2AG4 pa; short, 81 $40
State bonds dull but steady. Government
bonds dull and unchanged.
100 p. m.-EXChange unchanged. Money
closed at per cent. Sub-Treasury balances
Gold. Sis. 5000; currency, $9.54n 600. Gov
eminent bonds dull but steady four per cents,
1885; three per cents. 1887 State bonds ac-
tive but prices generally heavy.
This has been another extremely active day
on the Stock Exchange. The sales of stocks
during the first two hours Of business prOba-
bly, were never exceeded in tn same length
Of time. The total sales for the day are 76S, 900
shares. but the enormous business continues
to be confined principally to few stocks--
st. Paul, Western Union, Erie, Northern
Pacific preferred, Lake Shore. Missouri,
Kansas and Texas. contributing 437 800 shares.
St. Paul was again the leading feature. and
there is no longer any DOUBT In the minds OF
many Of the shrewdest operators that the So
called Chicago party, as well as some of their
intimate friends. have been heavy sellers of
the stock during the past two business days.
Transactions In st. Paul for the past two days
foot up 3lS,000 shares, or more than the total
capital stock (commOn) OF the company. 1t Is
now generally conceded that the public was
an active buyer of stocks last week, and it Is
believed III II the st. Paul pool has succeeded
in unloading large block OF stock at very
handsome profits. Aside from the desire to
realize on gains b0dl nave bOtu ibhuC slHtC
the movement in the stock began, II IS saiu
that the newly made friends OF the company
have become fearful of adverse legislation
against the granger roads, growing out of the
opposition to the pooling arrangement that is
being made between the Eastern lines by
which 1t is also proposed to control the
Western connections The general market
opened very strong, following very decided
advance in London quotations, the gains
ranging 1z(0s1 per cent. for the active list. In
some cases there were further slight adj
vances. and then the market became heavy
and lost fractional amounts, but by Il O'Clock
another upward movement had been begun,
which carried quotations as a rule to the
highest prices of the day at some time before
/ o'clock. In a few instances the highest
prices we're made Immediately after the open
ing, and in few others not until near the
close After / o'clock the movement was
downward, and although there were reac-
tlons the lowest quotations were generally
reached in the last hour, in many cases rev
minutes before the close. In the tnal deal
Jugs an upward turn was given to prices, and
the market closed apparently strong, Dut the
strength was Of such extremely snort aura
ton as TO impart hut little permanent tone 20
dealings. The movement OF prices through
out the day was unusually irregular, and for
most OF the time feverish. Low priced stocks
that have been lying dormant for long time
were remembered, and many assumed tone
OF activity. Atlantic aud Pacific was among
this class. and closed at 1923, tier going y
beyond that point. IL Is understood that a
strong bull pool has been formed Ia the stock.
Mobile and Ohio closed at Is The Wabashes
were decidedly active and 2 per cent. higher.
The market closed with small fractions Z"
per cent. higher than Saturday, but western
Union. Pacific Mail and Northern Pacitcs are
the only members OF the old active list that
show gains of over PEE cent. Louisville and
Nashville, St. Paul. Lake Shore and Laclu
wanna were fractlonally lower. racine Mail
was the strongest stock on large buying by
the arm Of which its President - member
The market closed at the following quota
tfongs