The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-08
MARKETS BY cSaS9aAPa.
FLNAN CAL.


LoSnoN, Nov. The stock exchange closed
very depressed with consos at 954 the lowest
figure since conversion. Rupee paper declined
10 and Argentine securities Ia under iucreas
, ing doubts o6, as o TO the character OF
Final street dealings in American
rails showed slight recovery after the Official
close, due 10 cables quoting the New York mar
ranging from u to II. Foreigners shared
in the general demoraIation, falling "a TO 116
English rails show ar average drop OF % per
cent
PARIS, Nov. The bourse closed to-day with
prices at their weakest. per cent. rentes losing
80 confines, Rio indos IS francs aul foreigners
generally 4 per cent.
Berlin, Nov The bourse to-day was de-
pressed. Banks dropped l,3 per cent. and for
eigners 81 per cent. Mines alone were steady
New YoRk. Nov. Z. noon.--Stocks op,ned
quiet aud barely steady, Money c oss at So
per cent Exchange long. 81 79lS6l4 1914:
snort. 81 s3I60,4 sS4. Government bonds neg
lecteI. State ooads dull put steady.
Following were the Q. m. STOCK quotations.:
Erie. ....-;.--.- 1875 Rlehm'd & ". Pr.
Chicago & Norta. 1861 Terminal. ..... 1879
Lake Snore. ......lo41s Western Union. 49,
Nori. &; w. pref. ST.
500 p m.-Excnange closed quiet and weak
at ~ oJIsG4 CO.'S. Money light at 5Q,2j per
cent, last 10 an per cent. closing offered at
3 PEI cent. Su Treasury balances--Coin, Sl4j
55l 900; currency. 5 .0Oiu00 Government bonds
dull mi hsa|Y; four per cents 12Ds; four aud
fne stocA m4r6et toolag, especially durinG
tn foTenooa AMI portion of the 81 tern on.
was weaker ian al any tin duringtbe present
d ecine IN values was started, and it ected as II
the last flu3i raid was 10 progress. The whole
market had g. semi panlcSY appearance, and
long and short sellers wei VITA e3ca other, II
seemed, to bring prices down "a quickly &c
posS be to the lowest level. Final changes OF
the day, however. owing 10 a material rally in
the iatter portion of tine Afternoon, " are not 30
large as might be expected. and few of tbe
stronger snareS are even diSnef, thOu ga only Ia
one or them Is the mprov sasng OF importance.
The original cause OF Cne stampede o the part
Of holders Of long stock is To be loUnd in the
action OF tue governors OF the Bank OF Eng and,
who, at a srecia M eetog this m0rIiag, al.
vence1 the minimum rae OF discount rom 5 to
per cent, after leaving IL unchanged at -regu-
lar meeting yesterday. This ecjoa indicated
some emergency. the Importance OF witch was
augmented oy the unexpected action. Selling
by London operators was very heavy at the
op3nlng, and don1ss ic operators construed the
action OF the bank as toresnadoging q. greater
scarcity OF money here AMI the probable further
export OF gold to London, and they joined
quickly in tine selling movement, wtffe, soon
assumed larger proportions than have been
seen for months In this market. The city banks
at the same time aggravated toe situation by
refusing to lend on many stocks, and in some
cases on any at all, the overcouservati4u re-
sulting Ia toe bidding up OF money to % per
cent. though afterward, when the excitem mt
had be en- allayed 10 some degree. tbs rate went
of to legal figures, thus demonstrating tho fact
that there was no real scarcity of funds. Lon
dou's opening prices were all from II G13z per
cent. lower chan last evening, while North
American and Atchson were down ~ each ana
Louisville and Nashville per cent Selling
went on uninterruptedly. and with constantly
gathering force, the slight rallies amounting to
interruptions Of the downward movement only.
while the bears added their eff or.s to Increase
the general decentralization. Tnefe was sort
OF suppressed excltem snt. and Notwithstanding
the enormous transactions ther WAS very little
izs,ss
face OF the dryness OF the last three days, no
failures were recor led the downward move
m mt continued uuti about | D. M and its
violence may b. measured ey tbs losses sus-
tanned IN that t,ms. Pullman bsiag tn banner.
With drop OF II per cent. to 1888; while Iiliuois
Central followed with IS psr ce1t..to S6. 81.
Paul per cent 10 tgg<. C.. s.. & and st. Louis
~ per cent TO TO .. ficc fsland ~ TO 90, New
En- slsnd 81 u 35lz, oaq osasrs IN pfoportion.
In many stocks thu lowest prices tosi5g were
the 10 sest reachss 10 yesrs an While Rss5in9