The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-30
MARK CTS BY TELEGRAPH.
FINANCIAL

NEW YORK. Sept. %, noon.-Stocks opened
hrm. Money easy at 2G13 per cent. Exchange
long; 81 500; short, 81 S41414 50. Government
bonds neglected. State bonds dull bat steady
Following were the Up. m. stock quotations:
Erie. ......-..... 2415 Richm'd & w. PIT.
Chicago I & North. IOS3s Terminal. ;..... 1875
Lake Shore. .....lOs1a Western Union. 50
$500 p. m-Excnange closed quiet at Sd s116
GA o21s. Money easy closing aC 3 per cent.
Sub-freaSury balances-Coin, S154,s57, 600; cur
steady four per cents 12515; four and half per
cents 1854. State bonds dull
The stock market to-day was moderately
active during the forenoon and quiet for the
remainder OF the day, the principal feature of
the transactions being a squeeze of shorts in
Lackawanna, which gave tone TO the whole
market, although the movements in the rest of
the list were slight. TIE effects of the bank
statement were also felt in a more pronounced
oulliSh feeling on the street. and the aggres-
siveness which the bears have lately shown was
conspicuous by its absence to-day, although
there was still great deal of late talk of
liquidation of long stocks INDUCED in, and the
disposition was rather to liquidate on the other
side of the accountI The late attacks on the
list were made with a view to neutraliZs the
balance OF the constantly growing ease in
money, and the certainty that the bank state
ment of Saturday would be more favorable
one, are still to be paid for. and aort Interest
by those operations has grown rather unwieldly
IN proportion considering the size of specula-
ton The movement in Lackawanna, however,
was the only one of note outside of the rise in
Sugar Refneries; while N arked weakness was
shown in Chicago Cas- in which manipulation
for decline seems not yet to be over. AJchison,
st. Paul and Union Pacific, which have been
ratified off so vigorously of late, we're all active,
but displayed no pronounced strength, and
Union Pacific was still inclined to droop under
the unfavorable prospects of the funding bill
The movement in Sugar Refineres, which was
second only to that in Lackawanna, was as in
explicable as all OF the fiuctuation of that stock
have been, and for the time being it has lost it's
influence upon stocks in the railroad list.
Lackawanna opened at 1881, and during the
forenoon was rapidly pushed up to 1881, when
buying Stacked away, and material reaction
was had before the close. AS early buying
slackened away, however, the bears again came
to the front, and Union Pacific, in view of
rather unfavorabie showing of earnings, pre-
scented fair mark, and was hammered down,
in the absence of support, about 2A per cent.
Attention was paid also to Reading and North
western and the former yielded readily. Silver
was again weak, even In the face of the late
dminution Of the stock of over 1000 900 ounces
during the last ten days The general market
followed the decline in those stocks slowly, but
the raid was not sufficient TO wipe out all early
gains, and the close, while quieT and weak, was
generally made at small fractional gains on
opening figures. The sales of listed stocks
were $4,000 shares ana unlisted 81 900 shares.
The following were the closing quotations: