The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-01
MARKETS BY TELEGRAPH.


FINANCIAL.
NEW YORK. Oct. 81, noon.-Stocks opened
cent. Exchange Long, 81 S0@4 So1S; short,
s. SilD4 $40 Government bonds neglected
State bonds dull but steady.
Following were the p. M STOCK quotations:
Chicago & North 1928 Terminal. 49,. lssA
Lake Shore. ......107A Western Union. s1H
Norf: q w. pref.
$500 p. m.-Excnange closed quiet and easier
at 81 s114 $50. Money close at $3.50 per cent,
last loan % per cent, closing offered at 30 per
cent. Sub Treasury balances-Coin, 3145. $3.50 600;
currency, S.. OBJ 900 Government bonds dull but
steady; four per cents 1241s; four and half
per cents 1914, State bonds eglected.
The stock market to-day was dull in the gen.
eral list and almost featureless, with small fuc-
tuations and several changes of temper; but, on
the whole, displayed power of resistance
which has been notably lacking for some time
past. There was every pro mise of strong
closing during the forenoon hours but variety
of causes prevented material Improvement
Among the most powerful OF these was the
steady growth of the scarty of money to loan.
Owing to the fact that the day was Friday, and
also the end OF the month preparations for the
payment of coupons and interest for tomorrow
caused withdrawal OF large amounts OF
money from the market, and as a rule of the
Stock Exchange makes all loans run till Mon
day. there was more than the usual demand
and rates on call we're run up to per cent in
the afternoon. The news Of the day having
bearing upon the railroad situation. was almost
forenoon's operations accomplished that result,
but the imp ovemenu could not all be held and
most of It was lost. The central feature of the
market was again Sugar Rehneries, and the
publication of the financial statement last
night was the cause of large crowd In the
stock market this morning, 10 which consider
able was shown for the first hour. There was
evidently a wide difference OF opinion as to the
merits of the showing and brokers were trying
TO sell stock at 66, when others were bidding as
high as 691H for it, which latter quotation was
IL
orders aoounded. and before the firs5 half hour
was over the price had been depressed TO CO.
Supporting orders from insiders, however,
caused a full rally later, and the price was well
sustained until the close or busiuess. In the
forenoon the temper of the room was undoubt-
eddy bullish on railroad stocks, aud opening
figures were all from 1s IN per cent. better
than last nights prices. Further improve ment
was slow until toward noon, and the business
done was extremely small, but Ia Grangsrs
Chicago Gas. Louisville and Nashville, and North
American there we're gains OF from 1h@flb per
TO tell upon prices. Then, however. and later
there was a report started that the Reading
pool had been dissolved, and that the stock had
b.en distributed, which carried vita It the as
sumption that the weaker members OF the pool
would be forced to iquidate. This caused n
sharp attack on Reading. and it yielded over
per cent. to Ia, with slight yielding in the
general list. Later, 1t was reported that the
pool meant was not the great pool which holds
control of the stock, but small affair, and
final deali lgs saw some reaction in the stock.
Inactive shares were utterly devoid OF feature,
and the market finally closed very dull and
steady to firm, generally at insignificant
changes from frat prices. and in most cases
fractions better than those Of last evening.
There were few declines. but Reading is the
only one Of Importance. its loss being III per
cent, while Sugar Redneries and Chicago Gas
are each up Ia, Lousville and Nashville Ia
and Pacific Mail per cent. The sales of listed
stocks were $4,000 shares and $1,000 unlisted
shares
The following were the closing quotations of
the Stock Excnange: