The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-01
MARKETS BY TELEGRAPH.
FINANCIAL.

FINANCIAL.
NEW YORK, April 80, noon.-Stocks active and
strong. Money easy at 1904 per cent Elk
change long. 81 S41aid4 S434; short, 81 $500
S., Government bonds neglected State bonds
dull but steady.
following were the n Don stock quotations:
Chicago < Norm. i14a terminal 80. 281s
Lake Shore. .....l10ys Western Union.., si3s
MORT & w. pref. G4A
500 p. m.-Exchange closed quiet and
heavy. Money easy at 4tl16 per cent, closing
offered at per cent. Sub-treasury balances
Coin, S162. 234, 900; currency. S4.674,000. Gov
eminent bonds dull but steady; four per cents
122; four and half per cent. coupons 1884
State bonds dull and featureless.
The stock market showed some increase in
trading to-day, but that was all in the after
noon while it was feverish and irregular during
NEST of the time, and for the first time in many
days final changes show majority of losses
though they are confined to fractional amounts
in al cases. The reaction was due to a ombi-
nation of causes, though the chief of them is
probably the desire of the sold-out bulls to re-
coup their late sales at profit. There is also
feeling OF uneasiness over the labor demonstra-
tionS to be held tomorrow both here and
abroad. and the question as to whether these
demonstrations will pass off quietly or inaugu-
rate series of strikes and consequent democrat
ization of business. In addition to this there is
lack of anything to show the probability of
an early settlement of the western railroad
fight, as the news of such settlement circulated
yesterday was evidently premature. There
and Rock Island will be able to agree on terms
but the fight between these roads has almost
ceased to be disturbing element in the general
market, though settlement would undoubtedly
add to the general feeling of confidence and aid
speculation. Some events of minor import
ance, such as the large bank failure in Phila-
delpha, the usual temporary scarcity of money
Incident to the first of the month, had their in
fuence. The leading features of the day were
st. Paul, Rock Island, Northern Pacific pre-
terred, Canada Southern, and Wheeling and
Lake Erie common, and those stocks are TIE
only ones showing any improvement at the
close of the day. On the other hand, New Eng
land, Missouri Pacific Lake Shore, and some of
the specialties were most conspicuous for weak
ness. The great sustaining factor in the market
was the still unusually large amount of pur-
chases for foreign account, Notwithstanding the
TACT that there was holiday in Berlin and to-
morrow will be one in London. High figures
cabied from London are in some measure due
to the fact that two weeks interest is carried
upon them. and when the next settlement day
comes their figures will be more upon parity
with ours. There was no response to London
buying this morning, aud first prices were gen.
orally unchanged, but slightly different from
last evenings figures and the pressure to sell,
Notwithstanding the support of foreigners,
caused fractional recession in the early deal
lngs, which was followed by comparative dull
ness. This seemed to bring in new buying,
however, and the market recovered slowly until
late In the day, when high rates for money,
which rose per cent, again sagged the list off.
though the close was quite firm. Strength was
SHOWN at times again. Canada Southern, Rock
Island, Burlington and Quincy, and Northern
racinc preferred helped on the rally materially.
Inc sales of listed stocks were $4,000 shares;
unlisted $4,000 shares. The following are the