The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-08-21
MARKETS BY TELEGRAPH.
FINANCIAL

FINANCIAL
New YORK, Aug, 90, noon;astocks quiet and
change-long, 81 S414@4 s416; short, "a s6340
81. State bonds dull but firm.
G Erie : Nortb 25 R TsImils w'Pt on<
Mort. d W. pref. 49X '|S
5:OOp. m.-Exchange dull but firm. Money
easy at l42 per cent sub-Treasury balances
Coin, Sl5S, 900, 900; currency, $40 249OOO. Gov
ernment bonds dull but firm four per cents
1sSA; four and half per cents 1914. State
bonds neglected.
The stock market to-day was dull except for a
few leading stocks, but was generally strong
during most of the time. Interest in specua-
ton was monopoliZed by six or eight stocks,
while the remainder were dull and generally
with small fluctuations of little or no signif-
canoe There was a better feeling among COM
mission people on the streets this morning and
news from the growing crops were of the best
character, which had the effect of opening the
market up from IL to 6s per cent, with New
England exceptional with q gain of u per cent
Chicago was seller and traders started in with
interest to bring about further action. and in
the early trading they did succeed in knocking
off quotations from ID to u per cent the latter
in Missouri Pacific. London was a moderate
buyer however and there was fair number of
buying orders in the market in the hands of
commission houses, which served TO check the
decline before the end Of the first hour. 1t soon
became evident that Chicago people we're run
ming on their shorts and traders soon followed,
ings and the rise inaugurated lasted until 1920
D. m. IL was said on the street that 10000
shares of st. Paul had been called in for ship
nent TO Europe and as it became evident that
last week + reports of damage to crops had been
grossly exaggerated. q more bulliSh feeling de-
veloped among traders, and grangers immadi-
ately became prominent in the rise Burlington
and Quincy leading. with gain of over 2 per
cent, though a portion Of II was IN the late
dealings There was little more animation in
the afternoon, when coalers and Gould stocks
came to the front and Western Union and
Missouri Pacific were specially active, which was
in some directions regarded as at least signifi-
cant. The improvement was also helped by
rumors OF a combination having been formed
to protect the market against further attacks
and to sustain some Of the leading stocks in
particular, but buying Stacked of toward
o'clock, though after a slight reaction the best
figures were again Appropriated and thereafter
were well maintained. No further feature
marked final transactions, and the close, while
dull was firm at or near the highest prices OF
the day Sales aggregated III 900 shares. Final
changes are almost invariably in the direction
of higher figures, aud the active list shows ma
terial gains throughout, Lackawanna and Bur
hngton and Quincy rising "a per cent, North
western Lake Shore and Reading IA per cent,
louisville aud Nashville Missouri Pacific aud
ST. Paul IA, Canada Southern, Northern Pacific
preferred New England, Pullman, Union Pacific
and Western Union each per cent and others
fractional amounts. The following were the
ouofafiOus.