The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-10
MARKETS BY TELEGRAPH.
FINANCIAL.

FINANCIAL.
New YORK, May g. noon.-Stocks opened
active scbt and strong Money easy az 5S per
81 1904 s614. Government bonds neglected.
State bonds dull but steady.
TolowinS were the ION stock quotations:
Chicago Chic Nor..n.1ii4S Termiaal ". IT, a4
Lake Shore. .....111 Western Unlon... SO
MORT. & W. pref. 65A
500 p. m.-Exchange closed quiet but
steady at "a S504 81. Money easy at 4G16 per
cent, closing at 4 per cent Sub-treasury bal
ances-Coin, 62.541 900; currency. S4884, 600
Government bonds dull but steady; four per
cents lSs; four and half per cent. coupons
l03l6. State bonds dull and featureless.
The stock market was again very active to-
day, although the business done was not so
evenly distributed as some time ago, but the
tone of the market was bioyanu during most of
the day, and material advances were scored all
over the list. The conspicuously strong stocks
were Missouri Pacific, Wabash, Wheeling and
Lake Erie. Reading. Manhattan Lackawanna.
and specialties. The general outlook of the
western situation was considered somewhat i'm
proved, and late In the day the report of an
agreement of the Senate caucus upon the silver
bill sent silver up again and helped to impart
additional strength to active stocks. The great
feature of the day was Missouri Pacific, which
rose rapidly upon the issue of a notice That the
stoc tholders would have the privilege of sub.
scribing to the new collateral trust bonds at SIS,
while each bond would carry n bonus of one
share of the stock, which would be- a complete
grit. Inc rights are believed to be worth w
per cent, but the stock was lifted nearly per
cent. on the strength of it, and other Gould
stocks fell into line, although TIE utterances of
Gould upon the western rate situation were not
specially encouraging. The only weak spot in
the list was Atchison and that was only during
the forenoon all losses, with something in addl-
ton, being recovered before the close Lacka-
wanna was one of the most active and strongest
stocks during the forenoon, and there were
some strong bull points upon it circulated but
later 1t sank away into comparative dullness
while its place in the market was taken by
Reading, which once more took the lead in the
market for a short time Richm md and West
Point was another feature, aud it was lifted
about per ceat., though all of the improvement
was not held. Gas stocks were again promi-
nent, and Laclade Gas was active, but failed TO
rise with the same power that it has of late and
advanced only fractionally. Among the mac
tive stocks Mexican Central Omaha shares, and
San Francisco prefcrpesfshads sfiefp gains but
the improvement reached almost eve ything
traded in. The market showed ADMINISTRATION
after the opening. which was Irregular. and was
followed by some decline in the list, with Atchi-
son leading. The buoyaut tone which was so
marked during the day was soon developed and
the upward movement INST with no setback
from that time out. The close was active and
strong, generally at best prices of the day. The
sales of listed stocks were $4,000 shares; I'M
listed $1,000 shares The following are the clos