The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-11-19
Markets BY TELEGRAPH.
FINANCIAL.

FINANCIAL
NEW YoRK, Nov IS, noon.-Stocks opened
cent. Excnange-long, - 81; short, 81 8jA
Government bonds dull but steady. State
bonds neglected.
500 o. m.-Exchange quiet but steady at
81 826l Sc. Money tight at 5000 per cent,
closing at 1905 per cent Suo-treasury bal
ances-Gold, SIS, 724 900; currency, IS, 662, 900.
Government bonds dull but steady; four per
cents l27; four and half per cent. coupons
l051@ State bonds neglected.
The stock market was more active to-day
than it has been in months, while at the same
time dealings extended to greater number of
stocks than at any time this year. The tone of
the market, however, was extremely irregular,
with rapid and frequent changes from strength
to weakness, and the reverse Union Pacific
coal stocks. and some OF the specialties were
strons and did much to bring about higher
range of values in the general list, but trusts
and Atchison were equally weak and had
marked influence, especially during the after
noon. The temper of the room was generally
conservatively bullish, but London, owing TO
the Brazilian troubles, was sell to limited
extent of its favorites, and the bears vigorously
resisted an upward tendency OF prices, making
specially heavy drives at trusts as means of
downing the general list. The money market
was again disturbe in the afternoon, and the
rate on call loans was as high as 20 per cent,
which had also very discouraging influence
upon the market toward the close. Union Paci
nc and Denver, Texas an Fort Worth were
them, and later they made one of the most i'm
portant upward movements of the day. while
tne former reach still higher prices, though the
Whoie advance could not be held. Coal stocks
we're very strong, the rise in pri es of iron and
It's manufactures giving quite a boom to Ten
nessee Coal, Colorado Coal, and Reading, while
l.ackawanna sympathized with the last named.
There was in the early portions of the day con-
slderabiecovering of coal stocks. but later reai-
cations on long account wiped out most OF the
improvement. Tennessee Coal, which is said to
ne worked in the market by party of southern
SPECTATORS, made jump of 10 per cent. from
~ to "a, but fell away half of the advance
Atchlson was weak from the opening, though
lts decline was slow, and it had considerable
eject in checking the improving tendency of
me rest of the list in the early trading. Cotton
OIL was the first object of attack by the bears,
ana it reached 26 before the decline was stopped,
though there was talk from bull sources of a
squeeze Of shorts in the stock Sugar decl ned
IN sympathy with Cotton Oil, though Havemeyer
was said to have taken a gloomy view of
Ihe prospects of the trust in his recent utter
ances, which had considerable effect. There
was some weakness in Western Union upon the
ta!k OF the establishment of a postal telegraph
by the government. Final changes are about
equally divided between gains and losses, and
Wnile Sugar is down 13s and AtchiSon per
cent, Tennessee Coal is up5. Colorado Coal 80.
Denver, Texas AMI Fort Worth "a and Chicago
Gas per cent, other changes being for frac-
uonal amounts. Sales of stocks reached 374 900
shares. The following were the closing quota
TONS