The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-30
MARKETS BY TELEGRAPH.
FINANCIAL.

New YORK, April 20, noon.-Stocks active and
firm. Money easy at 315014 per cent. Exchange
long, 81 S4341g4 So; short, 81 S634014S7. Gov
eminent bonds neglected. State bonds dull but
steady.
following were the noon stock quotations:
Erie. ........ ..... - Richm d & w. PIT.
Chicago Norm. 1141s Terminal ........ 227s
Lake Shore. -. .lloy6 Western Union. siA
MORT & w. pref. G4l2
500 p. m-Exchange closed quiet and
weak. Money easy at 5000 per cent. Sub
treasury balances-Coin, S162. SIS 900; currency.
S4724,O 900. Government bonds dull but steady;
four per cents 1872; four and half per cent.
coupons 1O31z. State bonds dull but steady.
In Wall street to-day there were again free
realizations but the general sentiment, as in
dicated by the general course of prices, is still
very bullish, and all offerings both from reali-
cations and hammering of bears, are steadily
absorbed and prices continue to mount up
ward slowly but steadily. Reports of an inter
view with Gould at st. Louis last evening created
considerable of an impression that he is not a
bear, as has been supposed by large number
of habitues of the street, on the general princi-
pie attributed to him in the interview that ANY
large holder of railroad securities cannot lie :"
On the other hand, there is by no means gen
eral belief that Gould is out OF speculation, and
consequently looking for profits only on the
earnings of roads in which he is interested. The
news circulated on the street on the strength Of
dispatches from Chicago that a basis of settle
ment of the railroad fight had been reached
failed of confirmation later in the day, and
Gould's talk of severe measures to secure per-
manent peace is regarded in Wall street as
indicating that he will continue the fight until
the proposed organization TO settle railroad
rates is satisfactory to him. News that Chair
man Walker had been summoned to st. Louis
to confer with him, however, created renewal
of the bullish feeling. and buying of Missouri
Pacific became the great feature of the day.
The London market was again materially higher
than ours last evening, and London sent large
buying orders which had the effect of opening
our market up with the London favoriteS of
Louisville and Nashville, Missouri Pacific pre-
ferred, and Norfolk and Western preferred
leading. Northern Pacific was favorably
affected by the news that the syndicate had
taken the Northern Pacific bonds set aside to
retire the issue of Oregon TranscontInental
Realzations, however, again forced prices off
and disappointment over the report of Union
Pacific made that stock leader in the decline,
which, however, in a few instances receded over
slight fractions. A vigorous rally started to-
ward noon, in which Vanderbilt stocks were the
most conspicuous, but later Missouri Pacific be-
came the leader of the upward movement,
which then assumed large proportions. Lacka-
wanna, Delaware and Hudson, Michigan Cen
trial. Wisconsin Central and other specialties
joined in the movement and the whole list felt
the stimulus, which soon wiped out all early
losses, and the best prices of the day were gen.
orally reached toward the delivery hour.
Reahzations again put a stop to the improve
ment, but only for time, and the market
finally closed active and strong, Northern Pacific
preferred leading the best upward squirt. Final
changes are almost invariably in the direction
of higher figures. The sales of listed stocks
were 353 900 shares; unlisted 81 900 shares. The
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