The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-12-16
STORES STATEMENT.
MARKETS BY TELEGRAPH.
FINANCIAL.

NEW YORK. Dec. 10, noon.-Stocks dull but
steady. Money 2021s per cent. Exchange
long, 81 s419;, short, "a S894 Government bonds
Chicago & North 1915 Terminal; ss3s,s
Lake Shore. -. 9oys Western Union. 1924
500 D. mEExchauge dull but steady at 81 ssh
@490. Money easy. at st3 pc per cent. Sub
Treasury balances-Gold. SIS; 56l, 600; currency,
Sf52420 600. Government bonds dull but steady;
four per cents 1913; four and a half per cent.
coupons 1854 State bonds neglected.
To-day's market was extremely dull, with lit
tie feature of any kind and unimportant fiuc-
tuations confined generally within a range of
less than IL per cent. There was, however, a
firm tone at the opening. Notwithstanding the
fact that outsiders were doing nothing, though
there seemed to be some support in grangers,
coalers and trunk lines, and traders showed no
inclination to make new ventures on the other
side of the account Advances at the opening
extended to " per cent. IN Reading ana New
England Further gains of from 16D15 per
cert we're established in the early trading, with
st. Paul the most prominent in the rise. The
market then became intensely dull and prices
sageed off slowly, with no marked movement
outside of Richmond and West Point. which de-
cined 81 per cent. on the proposed action In the
South Carolina Legislature antagonlstlc TO rail
roads in that region. East Tennessee second
preferred, however, was exceptionally strong,
and moved up over point. Fluctuations were
confined to the narrowest limits, and although
there slight reaction after the issue OF
the bank statement, the market finally closed
very dull and about steady at insignificant
changes for the day. Final changes are for
slight fractions only, except in East Tennessee
second preferred. which is up ia per cent, and
they are generally Ia the direction OF higher
figures Sales aggregated 81, s31 shares. The
following were the closing quotations:
Ais. class A, 2to ). 105 cific, first mort. s94
Ala. class b, IS. 1O9 N. Y. Central lO6es
Georgia Is, mort. 1915 MORT. & w. pref. 4916
NCarolina cons bsl23A Nor. racine "a
N Carolina cons Is 81 ~ pref "a
So Caro-. Drown Pacific Mail ace. 80
consols ......... lOO keadlng 4oh
Tennessee set3s.. 713i Richmond & Ale. 1219
Virginia Is =. As Richm'd & w, PIT.
Va. 6s consulted 40 Terminal. 1900. 23e6
Northwestern. .1041B Rock lsland..... y11R
preferred 1915 st. Paul ......... 6OM
Della. and Lack. 1875 preferred. .l0lzh
Erie - 25M TexasPacific. go. 20A
East Tennessee . 90 Tenn. Coal & Iron 1914
Lake Shore .. 99l6 Union Pacific. ... 6lA
Lville& Nash - 5354 n. j. Central. ..... 9lM
Memphis & Char 50 Missouri Pacific. 20
Mobile q Ohio SM Western Union S234
Nash & Chatt'a 81 Cotton Oil certih. 1914
New Orleans Pa
The weekly statement of the associated banks
issued by the clearing house to-day, shows the
following changes: ..
Reserve increased. S2 49,, 400
Loans decreased ................'.'.'. o,lUi'SU
Specie increased. ....... .............' H4,lOO
Legal tenders increased. ............. 124S'5OO
Deposits decreased ................... 9S3,2OO
Circulation decreased 800 . =, i a. l9 W
Banks now hold S9,612,2s0 in excess Oh the 70
per cent. rule.
COTTON.
LIVERPOOL, Dec. Is. noon.-Cotton quiet and
easier American middling 7-16d; sales 6,OOO
bales, Of which 500 bales were for speculation
and export; receipts II, 200 bales-an American.
Futures-American middling, low Iniddlng
clause. december delivery 22-6sd; December
and January 5 21-04d; January and February
52l-6id; February and March sS6id; March
and April 22-64d also 23-6id; April and May
oSiC4d; May and June 25-6ld: June and July
2s-64d; July and August 3O6id. Futures quieG
but steady.
100 p. m.-Sales OF the day included 6,4OO
Oales OF American.
American middliug 7-16d.
Futures-American middling, low middling
clause. December delivery 23-6sd, sellers; De-
CENTER and january 2i-o4d, buyers; January
and February 2l-64d, buyers February and
March5 22-6ld, sellers: March and April 2J,oid,
sellers; April and May b94-6@d. buyers May
and June 26-64d sellers; June and July5 SS-64d,
sellers; July and August 5 30-64d, sellers. Flu
lures closed quiet but steady.
New York, Dec. IL, MODIFICATION steady;
sales 1903 bales; middling uplands 9ssc; middling
Orleans 10lzc.
Futures-Market opened steady and closed