The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-10-05
MARKETS BY TELEGRAPH.

FINANCIAL.
New York, Oct d. noon.-Stocks active but
unsettled. Money light at 7G16 per cent. Ex-
cnange-long, Sd s2s4G1i SO; short. 81 s714Gl
4 S7I%. Government boadS dull but steady State
bonds dull but steady.
Following were the noon stock quotations:
Chicago & Mort 1i34 Terminal. 49,. aak
Lake Shore. 1858 Western Union. 643s
Norf. & w. pref. -
800 D. m.-Exchange quiet and weak at
81 $500 So. Money tight at 40112 per cent.
Sub-treasury balances-Gold, S155, SOS 900; cur
rency, $685. 000 Government bonds dull but
steady; four per cents 1877; -four and half per
cent. coupons 1854. State bonds dull but
steady.
Again the money question, with weakness in
trusts, were the great influences which dictated
the course Of the stock market to-day. Before
the opening of business it was known that
$500, 90 more gold had been ordered for export
by to-morrow's steamers, and it being Friday,
when all loans on call hold over until Monday
which induces many institutions to keep Off
the market considerable sums or money, the
money market was strong and 10 per cent. was
paid for accommodations. This created
bearish feeling among traders, and, with the
bears they made violent attack upon trusts,
as likely to be the most vulnerable. Cotton Oil
was attacked first. and large amounts of long
stock came out to he p along the crop. Their
was absolutely no support to any of those
stocks, and Cotton Oil was the sufferer from
assertions that the price of their commodity
must come down. The extreme decline In it
reached per cent. but later Sugar came along
with drop of over per cent. Considerable
pressure was brought to bear upon many stocks
in the regular list, but only in Atchison was
there any real impression made, and it declined
only IA per cent, though it touched tie lowest
price in the history of the company. In the
afternoon some of the specialties yielded, and
Louisville and Nashville went off Ia per cent
Manitoba and Delaware and Hudson, Pullman
and some others, became prominent for weak
ness Chicago Gas also dropped per cent,
though the greater portion OF this was
covered Stocks ceased to come out toward
the middle of the afternoon, and the shorts
went into cover, which caused smart rally,
and brought Sugar up about per cent, Cotton
Oil nearly as much, with others In proportion.
Burlington continued to display most marked
strength, and led the stocks of the regular list
though Manhattan was specially strong In the
last hour and fully recovered its early loss
Money also eased off toward the close and
from 10 per cent. IL declined to and closed at 4.
The close was quiet and firm, with stocks of the
regular list within small fractions of last nights
prices, and trusts materially higher than the
lowest figures. The magnitude OF the trading
in trusts may be gathered from the fact that
while the total transactions in listed stocks
were 276,000 shares, transactions In unlisted
stocks footed up 100, 900, of which Cotton Oil
contributed 30 ZOO, Sugar "a, 90, and Lard 10000
shares. The only marked changes we're de-
clines of AZ per cent. in Sugar, "a 10 Cotton
Oil and N in Manitoba. The following were
the closing quotations: