The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-06
MARKETS By TELEGRAPH.
FINANCIAL.

NEW YORK, Nov. 5. noon.-Stocks opened
active but weak. Money easy at 4GS5 per cent.
Exchange-long, 81 S014Q14 sos; short, 81 S4la
"a $40. Government bonds neglected. State
bonds dull but steady.
Following were the p. IN. STOCK quotations:
Erie. .............. 2I9s Richmd & W. PIT.
Chicago q North. 1919 Terminal. ...... 1875
Lake Shore. .......l059S western Union. S0}s
500 p. m.-Excnange closed quiet but steady
at 81 81 "a S5zs Money easy at 5QI7 per cent,
closing offered at Pc cent Su2-Treasury bal
auces-Coin, Sl45 491 900; currency. 5 ..9J5, 900
Government bonds dull but steady; four per
cents 12i; four and half per cents 104.
State bonds dull and featureleSs.
the stock market to-day was reactionary in
its nature, and with in ,reased transactions all
along the line, the material losses were sus-
tanned in almost everything traded in, notwith-
standing the fact that ma ~ stocks in the early
dealings reached the highest prices for last
week. London figures we're moderately higher
this morning, as compared with our final prices
of Monday and this market opened with
boom, everything being 1636 per cent. higher.
The bears soon got to work in Sugar Ref1neries,
and sellin was very heavy and attended by
considerable excitement. The STOCK declined
from l per cent to 81 in the first half hour.
Great feverishnesS attended the dealings.
Feeble rallies took placs in the stock from time
to Time during the day but later its price
touched 641S, loss of - per cent; while at the
close it had reached only 55, a net loss for the
day of 5,s per cent Selling was eager and
heavy, stop orders being uncovered at every Is
down The general list was favored by the
strength OF the London market. and buying for
London account in the early trating, out viii
the news of the day, especially that which ia
a bearing upon the western railroad situation,
was a material influence in causing an improved
feeling on toe other side of the ocean. A sud
den aud pronounced weakness was developed
in anierbits and the list could not withstand
such "a influence. Selling was well guarded,
and opinions differ tonight as to whether il
was long or short stock which was supplied in
such quantities bat the effec5 the same in
either case, and decline of per cent. in New
York Central had the effect of demoralizing to
a certain extent the whole list. Lake Sh IRE
followed the lea er closely. but other Wander
bits we're comparatively we'll held and remained
quiet. AL che leading shares, however, felt the
depression aud Welded, more or less, all show
ing material losses at the close. At the lowest
points the market failed to show any recupera-
tive power, and although some slight improve
ment was seen in the last hour, the close was
heavy at or near the lowest prices Of the day.
The heaviest trading in stocks in the regular
list was in St Paul Union Pacific, and Louisville
and Nashville which furnished 81, 500, 39.640,
and 2S045 shares, respectively. to the grand
total of 244,000 shares, though Reading, which
is only a "nalf stock" contributed 1880. Sugar
Refineries scored sales OF 145 2o3 shares out OF
total unlisted of ,256 Final changes are,
with few unimportant exceptions (among which
is Canadian Pacific, with a rise Of per cent, is
most conspicdous) material sses, and New
York Central is down "a, Lake Shore 2, New
Jersey Central l3l, Canada Southern ", Lacke-
wanna and W England each lss, Chicago Gas,
Missouri Pacific and Union Pacific each Il, and
9th RS fractional amounts.
The following were the closing quotations OF