The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-07-12
MARKETS By TELEGRAPH.
FINANCIAL,


NEW YORK, July II, noon.-Stocks opened
quiet but firm. Money easy at 46]j per cent
Exchange long. 81 S4156D4 S434; short. 81 SSl6
"a 1874. Government bonds neglected. State
bonds dull but STEADY.
Following were the p. m, stock quotations:
Erie. 49,. $50. 263s Richmd 6 W. Pr.
Chicago Nor6n. 1lH Terminal ...-.... 2sTs
Lake Shoe. - 10915 Westera Unon... slA
500 p. m.-Exchange dull but firm, at
81 S516G14 1919. Money easy at sos per cent,
Sub-treasury balances-Coin, S16e 900; cur
rency S6.9l9,000. Government bonds dull and
unc anged; four per cents 12115; four and O
half per cent. coupons l03. State bonds ne
elected.
The selling movement of last evening, induced
by the order of 81 100000 gold fof export was
OF extremely short duration, as it began ana
ended with the half hour of business LETT out of
the afternoon. This morning there moth
ing to be seen of it aud prices at the opening
here were up from 1BGL@s per cent, although
London figures were rather heavy. Shipments
of gold could only affect values of stocks and
bonds in case of a scarcity of money here, and
in view of receipts of funds from the interior
aud heavy expenditures of the government
which are stated at about $4,000. 900 over the
receipts SO far this month. there is general ex-
pectation that the bank statement of to-
morrow will show an entirely different state of
affairs from that of last week. The suspension
of specie payments in the Argentine Republic
and in Uruguay is expected to do away with the
necessity for gold there. and the feeling in
action of the governors of the Bank of England
largely contributed. London houses were not
sellers of stocks to-day, and some purchases
even were made for foreign account. which,
with better outlook for the passage of the
silver bill, gave the bears little to work upon
this forenoon. Advices from the west also in
dcate better state of affairs in that section as
regards the probability of existing railroad
differences. Sterling exchange was higher. but
several firms mentioned as likely t. sIip gold
sad that they would not do so this week, rs no
large remittanceS are called FOR, and exchange
is as yet cheaper than gold except on large re-
mittances. Sellers of yesterday afternoon
therefore, were looking for their stock again
this forenoon. and while there we're few other
buyers, the demand was brisk, especially for
Lackawanna, St. Paul and Atchson. though
further gains over opening prices were gener
ally slight. Toward noon Trusts again doomed
up and became features of trading, Sugar dis.
playing some of its oid-time animation and
streogth, moving up about per cent, followed
by Chicago Gas Other stocks folio we'd later
and Louisville and Mas willie, New England,
Northern Pacific preferred and some others
were prominent for advances made. Another
engagement of 100000 gold for export in the
last hour failed to have aay appreciate effect
and the market closed dull bat firm to strong
at best prices of the day. There were several
sharp movements among specialties, and Cur
cago and East Illinois stocks were companions
with Mobile and Ohio. The list this evening is
almost invariably higher. The sales of listed
stocks were 10000 shares and $4,000 shares OF
unlisted. The following were the closing quo