The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-09-28
MARKETS BY TELEGRAPH.
FINANCIAL.

NEW YoRE. Sept. q, noon.-Stocks active
and firm. Money easy at per cent. Elk
cnange-long, "a s3IeQl4 S334; short, 81 IS 20
SSA. Experiment. bonds neglected. State
Following were the noon stock quotations:
Erie. :; :. -. 29N Richmd ~ ". ~.
G iicago & NocCl 1875 Terminal. ........ 90
Mort. s \. pref 57l5 20
500 D. m.-Exchange quiet and firm at
81 sil6GD48l Mon y tight at 5000 per cent,
balances-Gold. Sl55, ss6 600; currency. Sis. 49,
000 Government bonds dull but steady; four
per cents l27z6; four and half per cent. cou-
pons 1885. State bonds neglected.
The stock market was more active to-day
and displayed more character than in many
months, and dealings were attended by much
excitement. The final result of the days oper-
atoms. however, as far as the regular list Is
concerned are generally only fractional. The
feeling this morning was very hopeful. and the
market displayed decided broadening ten
dency, the number of stocks traded in during
the first hours business being larger than at
any time this year while the volume of business
was corresponding scale. Local bull
leaders were more active ana the fncro1 Use of
the number of orders executed for outsiders
was very marked. Missouri Pacific was the
leader in the early trading, and it was soon fol-
lowed by Lackaw wanna. 9 , O., G. and st. Louis
and some Others while Manhattan continued
it's upward march on favorable rumors Pull
man also displayed unusual strength ON light
dealings, and Michigan Central joined the pro-
cesson later. Sugar Trusts were still weak and
made material decline In the forenoon, which
extended to about 3 per cent, but IL seemed to
have little or no effect upon tue regular list as
no reason could be assigned for the drop, and
the rest of the market was effectually divorced
from It's movements. Atchison was untavor-
ably affected by early rumors, ii being stated
that the financial plan for rehabilitation OF the
company would provo failure, and it cropped
over per cent. Sugar Trusts which had given
signs OF inside support. went down again and
its extreme loss was 50 per cent The move
ment created great uneasiness and the pressure
before the delivery hour all advances OF the
forenoon were wiped out, and In most cases
fractional losses in addition were sustained
All notably strong stocks OF the forenoon, such
as New Jersey Central Manhattan, Missouri
Pacific, Lackawanna and Delaware and Hudson
every case opening figures were passed on the
downward movement. The selling craze came
to halt toward delivery hour and reaction
began which made some progress, notwitn-
standing the fact that money on call was bid
up to 10 per cent. The activity disappeared.
however, and movements became limited to
small fractions generally, though in the case Of
Manitoba the most pronounced strength was
bdeveloped and it rose 2l6 per cent Manhattan,
New Jersey Central and Delaware end Hudson
rallied sharply, aud Sugar rose from 1924 10 90.
and Atchison from S4Sz TO S0. The improve
ment in most Of the list was slight, however
and the tone OF tho market at the close was
unsettled and rather heavy. Final changes are
quite Irregular while declines are rather rnors
numerous, bat generally cociined to sloall frac-
lions Sugar, however. is down 90 aud Cotton
Oh and Oregon Short Line each and AtclIison
per cent. Impo tant advances include Mani
toba and Manhattan eacn per cent, and New
Jersey Central aud Lake Ere and Western pre-
ferrsd each per cent Total sales $4,000
shares. The following werc the closing quota
lions: