The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-08-16
MARK cts BY TELEGRAPH.


NEW York, Aug Is, noon.-Stocks opened
dull but strong. Money easy at 6G,7 per cent.
Exchange-long. 81 S316Gl4 1891; short, 81 S74
IA S74. Government bonds neglected. State
bonds dull but stea ~.
Following were the 2p. m. stock quotations:
Erie - ,; SS4 F BEHIND & W. PI o,l
Lake Shoe. 80. los W sierra Unon... S}A
Norf & w. pref.
500 p. m.-Excnange closed quiet but firmer
at 81 84l60i o51< Money close at Gals per
cent, last loan s per cent. Sub-treasury bal
ances-Coin, S161, 5000; currency, S7,239,O0)
Government bonds dull but sCealv: four per
cents 12}4; four and a half per cent. coupons
10S4. State bonds entirely neglected.
Disappointment in the street over the snail
acceptances of silver and the slowness of pur-
chases of bonds by the treasury caused re-
newal of hesitation in the stock market to-day.
There is no dIminution in confidence in the
ultimate permanent easing up of money by the
action of the new silver law. and as the law is
mandatory, 4500 900 ounces must be purchased
within a month. and from present appearance
at considerably higher figures than those now
ruling, which will give the money market so
much more relief. The full effects of this are
not expected to be seen for from thirty to
sixty days, however, and it is TO the purchases
of bonds that the street is looking for imme-
date relief Silver was higher in London to-
day. and there was again considerable Specula-
ton in silver certificates at somewhat higher
prices Movem ent5 in the market were almost
entirely devoid of interest. the demand was
sufficient, in view of the lack of offerings, to
keep prices moving slowly in an upward direc-
ton. There was considerable demand, supposed
to be for account of a prominent Chicago
operator. who is supposed to be covering his
shorts These were supposed to be particularly
heavy in Atchson and Lack1wanna, and the
latter stock was particularly strong. NotwJh-
standing the late efforts to prove that there
will be no business for the granger roads for the
next year, the stocks OF those roads to-day
were lower The market in both activity and
strength although their final changes are in
few cases of special Importance, violent attack
made in the last hour upon
Burlington and Quincy and Rock
Island, but while the former broke
24 per cent to 101. it recovered as rapidly to
103I9, its final loss being only "a per cent.
Rock Island was specially stroag until the last
hour, when it lost all of its early advance,
closing unchanged Missouri Pacific displayed
the m ost even strength, and is alone in making
material advances, its gain being 1 per cent,
Early buoyancy was due in a great measure to
the buying of foreign account, and after that
demand had been satisfied, there was a reaction
of meager proportion, followed by steady
though slow appreciation. which lasted until
the raid in the last hour. Prices then gave way
in sympathy with grangers and the close was
rather heavy, but still at fractional advances
over last evenings figures. Industrial stocks
were quiet and Sugar was rather weak, closing
with the loss of per cent. The sales of list
shares were 172,0 900 aud unlisted SO 900 shares
The following were the closing quotations.