The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-13
MARKHIS BY TELEGRAPH.


FINANCIAL
NEW York, Sept. H. noon.-Stocks opened
Exchange long. 81 81G4 ol14; short, "a $40
4 S434 Government bonds neglected. State
bonds dull but steady.
Following were the 2 p. m. stock quotations:
Chicago & North lo5% Terminal 100. 1914
Lake Shore. .......1O5 Western Union. 63A
Mort & W. pref.
500 p. m.-Excnange closed active but weak
at - S20i ssh. Money tight, last loan per
cent, closing offered at per cent. Sab-Trea-
sury balances-Coin, Si57,17S,00O; currency.
$S.2s0,000. Government bonds dull but steady;
four per cents 12tA; Tour and nalf per cents
10414. State bonds entirely neglected
Tue STOCK market to-day was again influenced
by the scarcity of money and the white heat of
bear manipulator, who again put on to In
crease, already sufficient, the Generalization of
weak holders OF stocks. The strlngency has
now continued so long that Wall street is BE-
ginning to lear that it will in time prostrate the
business OF the whole country, but the belief
that the administration would take measures to
relieve the scarcity, no matter to what lengths
it might go, has served to keep stocks in the
hands which would otherwise have parted with
them weeks ago. The rate again went up to IS
per cent. premium and interest. but later in the
day when q rumor was circulated that the
Secretary OF the Treasury was IN town and in
conference with leading bankers and had been
offered large block of As, the rate again went
down to near the legal rate, and finally closed
at that figure. The drift of opinion on toe
StreeC is lGn6r unaU L1A secretary OIL INC Urea
sury should purchase Is literally, or that the
surplus should be deposited in national banks
Some OF the most conservative figures on the
purchase of Is are that at least S2).00),000 or
S30,OOO,OOO should be purchased, aud that at
figures high enough to secure them imme
diately. Every Que expected a weak opening
this morning. and no one was disappointed in
that respect for there was rush to sell, and ia
many stocks the evident intention was to sell
them as low as possible, for Burlington and
Quincy was opened OF "a per cent at 94I4 and
Sugar Redneries at ~ per cent at "a In the
case of tine former there was at least no occur
renee over night which could make such diff
ference in its value. Sugar was affected by the
announcement that the next dividend would
be passed, and the general opinion is that in
slders are again working the street and that
sudden turn may be expected in the stock at
any time. There were heavy tales Ia the early
trading and some stop orders, principally in
Sugar, was met, which forced that stock off
2ls per celt farther. but the selling movement
vas over by That time, and sharp rally took
place on extensive coverings or shorts, which
ran prices up TO a level of opening figures, and
in some ISIS beyond The rumor in regard to
the Secretary was then circulated, and some
buying Tor long account. with fresh covering,
and still Sharper rally occurred, even Chicago
Gas rising over per cent. in less than one hour.
The rumor could not be traced TO any authentic
source. however, and the urgent demand soon
Stacked away, but the improved feeling. together
with the easing up of money rates, kept the
firm tone going, and in some cases still higher
prices were reached in the last hour. Re-
coveries from the lowest figures extended to
about ga per cent. The market finally closed
quiet and firm, generally at small fractions
better than opening prices, but at ire zular
changes from last nights final prices The sales
OF listed stocks aggregated ZS3oO0 shares
listed and 70. 900 unlisted. The following were
the closing quotations:
Ala.class a. sto 5. losM NO. Pa'nclstmort 500
Ala.c.as5 3, s.. 10Y N. Y. Central 1914
Georgia Is, inors.. 10 Nor. & W. pref. az