The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-06
MARKETS BY TELEGRAPH.
FINANCIAL.

FINANCIAL.
New YORK, May 5, noon.-Stocks active and
strong. Money easy at 400 per cent, Elk
464 Government bonds neglected. State
bonds dull but steady.
following were the BON stock quotations:
Chicago North. 1iG9 Tsrminal ". H. "a
la4e shore. -. HIS Western Union. s.
Norf & W. pref. 6516
500 p m.-Exchange closed quiet and
steady at 81 S594 81. Money easy at 1905 per
cent. Sub-treasury balances-Coin, S162 223, 900;
currency. S4.71S.000. Government bonds dull
but steady; four per cents 129; four and half
per cent. coupons 10316. State bonds dull and
ieatureleSS.
The large earnings of all the roads, as re-
centlyreported, are now having their legitimate
effect in the stock market, and they. together
with the prospect of the passage of the silver
bill, are the principal instigating elements in
the situation. The market is now almost ignor-
ing the fighting western roads, and recently
published interviews with several western rail-
road managers have not had an influencing
effect upon the stocks of various roads, nor any
dlscouraglng effect upon the stock list. The
market to-day was unusually active throughout
the entire session, and commission houses re-
port That 1t is growing more interesting, and
the action of the market to-day shows that the
growing belief in a bull movement, which is not
confined to a limited number of stocks, is in ex
lstence The predictions that signs of returning
strength indicated that revival was at hand
that would bring back business in the street
enough to make it equal to that of ten years
ago were verified. Over 500, 900 shares of stock
we're traded in to-day, while only a short time
ago an average days sale were about one fifth
OF that amount. Notwithstanding the continued
talk OF reaction INDUCED in last week. and the
hesltatlng nature of the market on the last two
DAYS of the week, to-day's market was strong,
ana even with large volume of business in
STOCKS The leading strong stocks were Wheel
ing and Lake Erie common, Manhattan, Atchi-
son. Oregon Transcontinental, Texas Pacific,
louisville and Nashville Chicago Gas, and even
Missouri Pacific, the latter becoming leader of
me upward movement in the last hour wnen
u became known that it was represented at the
Presidents meeting at Chicago Buying for
outside centers was larger than for some time,
Chlcago buying western Stocks while Boston
purchased Atchison and others of its favorites
and the same may be said of London. The op-
eratlons of new lines of pools formed lately
were effective in giving tone to transactions,
Wnlle bears were lett rapidly in the rear. Every
thlng shared in the Improvement and showed
much more life than usual of late, and Lead and
cotton Oil especially. The market continued
70 advance throughout the day, with but slight
setoacks, and the close was very active and
strong at top figures. Chicago Gas fairly led
the upward movement, and shows a gain this
evening of 354 per cent, with Atcnison, Oregon
Iranscontinental. Lead, and several of the
specials following. The sales of listed stocks
aggregated 421 000 shares; unlisted 86 900 shares
Inc following are the closing quotations: