The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-08-10
MARKETS BY TELEGRAPH.
FINANCIAL.


New YORK. Aug. 9, noon.-Stoc'5s quiet but
steady. Money easy at 26D3 per cent. Exchange
long, "a 9446l4 IS; snort, 81 S740t S7r5.
Government bonds ne elected. State bonds dull
and heavy.
Following were the noon stock quotations;
G ca2o & North 11oyl Terminal, ...... 284
Lake shore. 1919 Western Union s538
500 p. m-Exchange quiet and weaker
at 81 S51e04 So. monsy easy at 3916 per cent;
|, offered at ?. Sub-treasury balanc 9s-Gold,
S154, 172,0 900; currency, S21, 093 00O Government
bonds dull but steady; four per cents rs;
four and a half per cents coupons 10528
State bonds dull and featureless.
There was more vim TO stock speculation to-
day. and buying was OF a more general nature
than for the past few days which impaired
more frmneSS to dealings. There was little
| news of importance to affect values But the
reports from crops in Illinois, the action of
Northwestern in restoring coal rates between
Milwaukee ana ot. Paul, and additional favor
able returns of the earnings OF various roatS
were factors in the market to-day. There was
what seemed to be good buying in VanderbitS
Gould stocks and Wizards, the first of which
did much to give confident tone TO the buy
ing and pools were all active In their tavoriteS
the result being general, though moderate a. p
preciatio-. London had gotten ovec the in
t1uence of the advance in the Bank of England
rate, and this morning was fully up to our
figures of last evening, while our market opened
up from 18lSAs per cent. There was better
distribution of business done, though the
special favorites, such as Chesapeake and
Ohio, the c., c., C. and st. Louis and Lake
Erie and Western, maintained their aScendencY
in the dealings, and furnished an element Of
strength to the rest of the market. London
was again a buyer in the early trading, but
speculation received but little support from the
local operators until well into the morning,
when Missouri Pacific and Northern Pacific pre-
ferred became specially active ana strong, and
were followed later by Union Pacific. Gould
properties were the features of the afternoons
trading, and Waoash especially, under the in
tiuence of a very flattering report of earnings
for the last month, made a handsome advance
oregon lranScOntinental also was remarKable
for squirt which carried it up over per cent,
and Among the other low-priced shares
Southern Pacific, Green Bay and San Francisco
preferred made specially large gains on small
trading. Toward the latter portion of the
afternoon the selling increment, which was
supposed to emanate from Chicago, was begun
in Sugar trust, and the pressure was lifted only
with the close of business. by which time its
price had been depressei 3A per cent This
movement affected to SoDac ext Mt the rest of
the market, and concessions were made from
the best prices over the eiItire list. The close,
however, was dull but firm at fractional ad-
vances over the opening figures. The sales ag-
gregated 2iS,000 shares. The only important
final chang among the active stock was n loss
Of 80 per cent. in Sugar. but the majority of
the stocks are fractionally higher as the result
Of the days trading. Tue following were the