The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-21
.AOUIET DAY ON CHANGE.
pEARs HAVE THE BEST OF 1T, BUT
PRICES HOLD WELL.

Rock lSlanQ Iue WOISG- OuASIoH WIFI
= 0rop of 8 3-4-The Final Changes
show More Advances Than Losses
Money Basy-A More Bouyant Feel
ing in London.
NFw YORK, Nov. 20.-The stock market
,o-dsy has been rather quiet and without
on,. of the excitement which has marked
,rodino in stocks for the past two weeks,
,yb;ia the movements of prices were quite
;rragular. and several changes of temper
,o.,,rred. which resulted in leaving the list
;rreornlarly changed from last night s
fcures. Early London advices showed an
improving feeling there, and the
governors of the Bank of Eng
land at their regular weekly
,naetinp allowed the minimum rate of dis
,ount TO remain unchanged instead of ad-
vancing it to per cent, as had been an
ticinated. This caused a demand at the
onsninq here to cover shorts, and the first
rrices we're all up from to "a per cent,
while Missouri Pacific was 1s4 higher and
New England IS.
BEARS TURN THE SCALE.
The upward movement lacked vim, how
ever and, while few stocks scored further
sioht gains, the upward movement soon
came to halt. Some of the traders who had
bought at the low prices prevalent yester-
dav realized their profits, and the bears
felt the market with some short sales,
which soon turned the current, and
The market sagged away. Extreme
duIlness marked the trading for
the remainder of the forenoon, but after
that time the bears again became aggress-
S,F4 ba TOD
ket, as usual, to put out another
line Of shorts The attack this
tins was directed squarely at the Gran
GERS. and Rock Island in particular.
Arumor that the next dividend would be
passed was freely circulated and undoubt-
edly had some influence, and coming at the
same time with the announcement OF the
hilure Of Barker Bros. in Philadelphia
helped materially to depress the stocks of
the general list. The failure was of special
influence upon Reading, and that stock
kept pace with the Changers in the down.
ward movement as long as it lasted.
EXTENT OF THE DROP.
The drop amounted to from l to 9 per
cent in Grangers, aud fractional amounts
in the rest OF the list, with the exception
noted. but Rock Island was knocked down
from 61 to 63A, aud even the declaration Of
tie regular dividends upon Northern Pacific
preferred and Burlington were of no effect
in checking the downward movement. The
bears withdrew their forces toward the de-
livery hour, but the market displayed no
cooperative power. although there was
evidence of good buying, especially in Mis-
Nuri Pacific and Union Pacific
MONEY EASY.
Money was easy throughout che day. and
silver showed some improvement. and re-
SStance in the general list was stubborn,
having the effect of maintaining most Of
the list outside of the Changers above last
nights figures, aud the final changes this
evening show majority of advances. The
close, however, was heavy and dull at the
lowest prices Of the day. Missouri Pacific
sths only stock showing any material
Improvement, and is Ia per cent. higher.
while Rock Island is down 31s, and Jersey
Central, which again touched 100, | per
per cent. lower. The sales of listed stocks
aggregated 21S,000 shares, and of unlisted
2OWO.
ENGLAND's DISCOUNT RATE.
LONDON, Nov. 20.-The regular meeting
Oh the directors Of the Bank of England
tooE place today. They made no change
II the banks rate OF discount. The rate Of
uIscount IN open account is nominally Z per
cent.
CONFIDENCE REvIvING IN LONDON.
ne panic on the stock exchange has sub
sue1. Throughout the day there was a
o.eauy growth of feeling Of confidence,
@ @auu the entire absence of adverse rumors
ieu 70 fair amount of buying for both
IbpeclIati0n and Investment. Favorable
nauk OF England returns, combined with bet
.ol PRICES on the continent and in New York
U.s. as''Vel ~ III giving strength to quotations.
Uu we street dealings showed an
asan1?a! aupaoach TO buoyancy. American railroad
Soif H. LIles were especially active and firm
aovo- su,o %as S partly due to large purchases to
trorn 1T| T0ir accounts. The recovery ranged
.'n "a 70 5&. The rise in silver caused
naoVsnce in rupee paper of of 2per cent.
iaraic., nr ~ ae4lcan railways of 8 to 81. In
s5raa 5V.an government securities Argentines
SSaodlCsa S,nsl as1 ~ to 80, Mexican government
~une - 70 *, and Uruaguy 316. Dis
} So aHI A. houses in the early part of
S,irasy Oay continued reluctant to do
unar ar''S taking only the very best
ssisr to.a naIer the money market showed an
teelinv 'gIIIeucy, aI and there was a better
s tSs.0 all around Good business was done
= that ut .e tee months bills Reassuring reports
mOdsras. Sas Joint stock banks will assist on
gsrraS sase w. terms operators requiring ad-
hmoOr '!r !i next weeks settlement have been
as%s sgns 'he leading factors in dispelling
n. -nA BARINGs TO REoRGANIZE.
bgu 3 S1ported pC that the house of Barring
ioi,t 70 Is about to be reconstructed as
ssrJ stock company. I. Barring has
Fan Rro. 70 return, bringing e1,O0o, ,OOO
hse WIFI pi"'' will probably amalga-
Eapa "Vn a;,, The Barings, ard fresh
d tae CIVIL VIII be contributed by one
s Be RotbaaaLnlSesss tHuianess family. The rumor that
hag1tasV tasValldS aLlS had pledged G40OO, 900 as a
% irdar5te de Tor the payment of the Argentina
'-'uuS is uufounded. N ''''''''
- ACTON OF THE BANK OF FRANCE
q FAsls, Nov 2o-Tbe S,ocys M rnANIH ridia''Ih" 49,
}, nk os Rating the advance made bv the
" tnancdfI tU france !n to the Bank of England as
Franz layl. The directors of The Bank
llon '' to ~ says, used their unemployed
reAey good profit to minimize crisis
ogeronHs "'''on of which would have been
HuSR OF TuE 1-a--