The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-02-15
MARKETS BY TELEGRAPH.
FINANCIAL

FINANCIAL
NRw YORK. Feb. ID, noon.-Stocks opened
dull but steady. Money easy at 3 "A per cent
Exchange-lonr, 81 S294Ql4 80; short, 81 $500
81. Government bonds neglected. State
bonds dull but steady
Following were the BON stock quotations:
Chicago ( Norm. 1881 terminal %
LAKE Shore. ..... 10jM Western Union, 43E
MORT. & W. pref -
800 p. m.-Exchange closed dull but steady
Money easy at 304 per cent, closing offered at
20 per cent. Sub-treasury balances-Coin,
Sl62,9SS, 600; currency, 1913 200. Government
bonds dull but steady; four per cents l2}4;
four and half per cent. coupons 1919
Dealings in railroad stocks continued steadily
to decrease, and to-day transactions in the I'M
those IN the regular list OF course there was
an unusual amount of trading in Sugar Refiner-
les, which augmented the total of unlisted
stocks, but ont of the large number OF stocks
traded in only Reading and Lacz awanna reached
total of five figures, and they are both half
stocks. Sugar Refinerles was the only real
feature in the market, and rumor had it that
the Havemeyers were again buying the stock
which they had sold at much higher values, and
were in for an extended bull campaign in the
stock. There was, however, no doubt that in
siders were manipulating certificates for higher
prices, although the story about Havemeyer is
only conf lecture. Certificates opened at 644,
and almost steadily advanced, and in the last
hour they touched 65A gain OF az per cent
lll6 I6dCbOn IFOUi inc DbsJ BIlCS WAS Only
slight. The advance in the stock OF from 10 to
IS points, despite the fiercest attacks Of the
bears, is regarded by friends of the property as
the strongest evidence Of the inability Of the
bears to stem the upward movement. Other
trusts did not fully respond to the strength in
Sugar Refneries, and Lead was heavy in the
forenoon on the rumor that conversion Of the
stock had been abandoned, and later Cotton Oil
joined the downward movement losing l per
cent. Dispatches from Chicago this morning
were again more disturbing, and. the market
being intensely dull, there was bearsh feeling
among traders, to whom almost all trading
seems to be left, and prices sagged throughout
the forenoon. although the movements were
confined to small fractions. After that time
there was rumor started that an effort was to
be made TO nulfy the Withdrawals OF North
western and Union Pacific. and also that the
funding bi would be brought up In committee
tomorrow This stimulated buying Of Union
| Pacific, and that stock advanced per cent,
others following with smaller amounts. The
only marked feature among stocks OF the regu-
| lar list. however. was activity and strength in
| Chicago, st. Louis and Pittsburg preferred,
| induced by stories of deal between Carnegie
| and Baltimore and Ohio. The stock rose
steadily from 49l< to 51N. and closed at the
| highest figure. Late In the day Sugar Refiner-
| les attracted all attention, and the market
| finally closed duh but firm at Insignificant
changes for the day. Sugar Rehneries is up 35a
| per cent, Chicago, st. Louis and Pittsburg pre-
| ferred 3Ak per cent, and other changes are
about equally divided between small gains and