The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-17
MARKETS BY TELEGRAPH.
FINANCIAL.


New York, May IS, noon-stocks opened
active and steady Money close at car per
cent. Exchange LONG. 81 S4I56B4 $40; short.
81 S5l9O4 1874. Government bonds neglected.
State bonds dull but steady.
following were the n BON stock quotations:
Erie. 49,. 2sys Rchm d " W. PIT.
Chicago 4 Norm. 1853 Terminal ... q
Lase Saore. .....i1lA Western I'm on. s6]s
500 p. m.-Exchangec closed quiet and steady.
Coin, S1s3 s61 200; currehcg sSi36600 Govern
ment bonds dull but steady; four per cents 122;
four and a half per cent. coupons 1899 State
bonds duh but steady
The stock market presented about the same
amount OF business to-day as yesterday, but
the reactionary temper was replaced by more
conn lent feeling, notwithstanding the fact that
professional and traders were still working for
a further reaction. There was great irregularty
IN the market, however, and a portion of tle
list was strong. while another portion was de-
cldedly weak. and the course OF prices was sub
Jected to sudden a d sharp changes through
out. The general verdict upon the ope atoms
of the past few days is that the market has
shown remarkable Staying powers, and that 1t
is booked for further material advance in near
futures To-day there were also continued
reaizations, which, with the aid of the banner
ing OF bears and lack of support in a few of the
most prominent stocks, were sufficient TO keep
the market in an unsettled and variable condi-
ton throughout the day. Toe high rat IS
acted Tor money also caused many selling or
ders in the afternoon, although they did not go
as high as yesterday, and loans made to-day
run till Monday. There is reason to believe
however, that the high rates OF the last few
days have begun to attract funds TO thiscenter
aud as Friday is usually the day of the highest
rates Tor modey, they will in all prob ability be
lower next weex. The great wing power to-
day was foreigners, who sent liberal orders in
all OF their favoritss, with the exception OF
Louisville and Nashville, and though the pres
sure to sell at thu opening was severe. higher
prices resulted from an excellent demand.
Union Pacific was the feature Of other dealings
and it advanced nearly liz per cent, the i'm
provement being accompanied by rumors of
new Developments which will affect both Union
Pacific and Central Pacific, and the general
opinion was that the new issue of bonds take
the place OF the government loan at lower
rate OF intereSt would be the scheme Oregon
Transcontinenta continued its upward move
ment. and buying in New England was attri-
buted to rumors OF changes i'll management and
new alliances. Atchisou was spec ally weak in
early dealings, and Cacago Gas continued to
decline. being apparently without support
Coal stoc&s were quiet, with the exception of
Reading, and all were firm, though Delaware
and Hudson lost some of It's recent advance,
and is the only stock which shows any material
loss tonight. The buying demand fell away
after the opening, and traders again got prices
down in some cases below those of the opening,
but tirme- tone afterwards prevailed, and the
best prices were reached toward noon. Money
rates then encouraged bears, and again prices
recedei, but money was offered at per cent.
In the last hour, and some improvement was
firm generally at small fractional gains over
last nights figures The sales of listed stocks
were $4,000 shares unlisted, 10000 SHARES.
The following are the closing quotations.