The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-26
MARKETS BY TELEGRAPH.
FINANCIAL.

FINANCIAL
New YORK, March 25, noon.-Stocks dull but
hange-long, 81 S2l40o4 S3; short, 81 s51I0A
Sc. Government bonds neglected. State
bonds dull but steady.
Following were the noon stock quotations:
Erie. e. 49,. 49,. 2l1a Richm Il Il w. Pr
Chicago 6 Nocon.111A Terminal. ...... 213S
LeXe Sno'e. .....10.15 W, sterl Unon... 8l56
Norl & w. pref.
500 p. m.-Exchange closed quiet but strong
at S. SlQ4 81. Money easy at 3G14 per
cent. SIb-treasury balances-Coin, $163 036, 900;
currency S5,541 900. Government bonds dull
but steady; four per cents 12234; four and a
half per cent. coupons l031a State bonds dull
but steady.
The decision of the supreme court in the
| Granger cases yesterday, which gave the mar
ket such a lift in the first few minutes of BUSH
ness, seemed to have lost all of its influence this
morning, and not sign was left to show that
anything favorable to railroads had tranSpired.
This indifference to good news, which has be-
come so marked in the street of late, helps the
depressed feeling among the professional ell =
ment, and this morning with air of some selling
by London and lower figures from that center
prices were depressed to limited extent,
| though all of the animation of yesterday had
disappeared. The raising or rates OF sterling
exchange also contributed to the sagging off a
general indisposition to trade, which was as
pronounced as on any day during the past week
The stubborn strength arising from the scarcity
of stocks in the street, however, soon put an
end to the demonstration against the listed,
only Rock Island and Sugar Refineries showing
any real weakness during the day. Selling was
also, to some extent. from diSappointe d holders
of the former stock who have seen good news
aud favorable developments come and go with
out any corresponding response. The fact that
tomorrow is "Contango" day in London may
have helped the depression in LondO and
caused selling by weak holders there, but after
settlements are out of the way better market
is expected there. and that will have its influ-
ence here RumorS of an adverse decision in
San Francisco on the sugar case there led to the
selling of Sugar shares. and it lost Ia per cent.
after selling eX-dvidend of 215 per cent, and
although the story was denied, the stock failed
to rise, and closed at the lowest figure. Rock
Island was fed out to the market all day long.
and a slow but steady decline took place in the
stock which closed only shade better than its
lowest. Union Pacific received some help from
a favorable place in the stock which closed
only shade better than its lowest. Union Pa
cifc received some help from a favorable re-
port of earnings for February, but even that did
not prevent the stock from saggng off with the
rest of the list when the call was renewed again
in the last hour. Among the specialties, Wheel
ing and Lake Erie was prominent for strength,
being aided by a large increase in the rningS
for the third week in March. but the feature Of
the day was a sudden and sharp rally in Louis
vile, New Albany and Chicago upon the diScov
cry that the floating supply on the street had
disappeared, and net gain of per cent.
marked the days operations. After the first
selling movement was over the most int use
dullness again settled down upon the market,
and although prices were held steady. no feat
IRE of any kind marked the dealings until
toward the close, when everything again gave
way and the lowest prices Of the day generally
wore reached. The close was dull and heavy.
sales of listed stocks were i05, 900 shares AMI
unlisted 30 90 shares. The following were the
closing quotations.