The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-06-04

4 firm Money easy at 2 per cent. Exchange
long S4S7@s4 S714 short, 81 SS3404 50. Gov
eminent bonds neglected. State bonds dull but
steady.
Erie. ......... 1885 Richm'd & W. PIT.
Chicago & North. 1123B Terminal. ....... 2534
Lake Shore 1854 Western Union. s754
Eort. & W. pref.
500 p m.-Exchange closed dull but steady
at 81 Ss04 87]9 Money easy at 1160316 per
cent. Sub-Treasury balances old, SI53, 947,-
W9i currency, S17,346,000. Government bonds
dull but steady; four per cents l29; four and
a half per cent. coupons 1861. State bonds dull
+ but firm.
Il The stock market to-day showed a more ami
mated appearance than on Saturday, and while
& the market was somewhat irregular and weak
ID the forenoon, there was general rally, with
decided strength in many of the leading shares,
AID most of the important stocks are higher
TINS evening, while many of the inactive shares
were unable to recover the ground lost in the
morning. The disaster in Pennsylvania had a
4 depressing effect upon the minds of the traders
thls morning. and coupled with that was a
rumor that several banks and large loaning in
sututlons intended to call in loan on stocks
unless there could be tickers service This
opened the market materially lower, with
Louisville and Nashville down l per cent, but
others from 1904 per cent. generally. Traders
were oearlShly Inclined and by well directed
attacks upon the lists helped prices down still
specially prominent, and Burlington and Quincy
t0ok the lead in the decline, but was followed
CIostly by st. Paul, Rock Island, Louisville and
nashville and some others. Buying at conces-
slohs IN prices, however, assumed larger pro-
PogIlons ana the bottom was quickly reached
anu Northern Pacific stocks suddenly sprang
mo activity, with decidedly strong tone, and
sharpy advanced. Runors accompanying this
Improvement were to the effect that the ex-
pected settlement of the points at issue between
that company and Union Pacific had been salts
IIaclorly adjusted, and it became known that
/ PRESIDENT Cakes had left for the west. The de-
4 cnhe was thereafter soon checked entirely, and
eodl stocks became prominent in the upward
<nlo'eGent' New Jersey Central and Delaware
anu hausoh especially making sharp upward
governments that in New Jersey Central being
.Ie most marked advance of the day. There
seeHieI 70 be good buying from western sources
W raly, and Changers did not lag in the up
'eId movement and most of the early losses
"eit recovered Burlington and Quincy closing
~ only p per cent. decline for the day The
"s14 ieature of the afternoon was Missouri Pa
my winch failed to respond to the improved
II5Selns IN the remainder of the list. and with
t1aiHilg and Wheeling preferred, is the only
No. when shows any important loss Union
m dld not respond to the rumor in regard
49, - reatlons with Northern Pacific and il re-
~ nieu quiet ana fiuctuated within narrow
n ni.v throughout the day. In the unlisted de-
KY lHent the Industrial stocks were not so ac-
i 1,e ana their movement smaller than usual of
-, and Brunswick was steady at 333z The
oaY important changes were advances of 1sk
~ cent in Northern Pacific preferred, IA in
,Tiia"afe and Hudson, ~ in New Jersey Cen
p aei1 ahu per cent in Oregon Navigation. The
f69 act closed quiet and firm. Total sales ESQ
&Er,o.s s.dres The following were the closing