The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-01-03
MARKETS By TELEGRAPH.
FINANCIAL.

NEW YoaK. Jan. q noon.-Stocks opened
dull but firm. Money close at 607 per cent.
Exchange-long. 3 5o3404 90; short, 81 Ss}4 q
dull but steady.
Following were the 2 p. IN. stock quotations:
Erie ...;..;;.... dsA Richm'd & W. Pt.
Chicago & North. 1854 Terminal. ...... 1636
Lake Snoce. ......lO715 Western Union. ~
Norf. IL W. pref. -
500 p. IN. Exchange closed quiet but stronger
at III SOlaG4 s.. Money close at 5Q5 per cent,
last loan per cent, closing offered at per
cent. Sub Treasury balances-Coin, Si48. 499 900;
currency, S5,563.O0O. Government bonds c )se1
dull and neavy; four per cents III; four and q
half per cents 1854 State bonds duIl but
STEADY.
The year 1891 opened auspicIousy in Wall
street to-day, aud the strength and activity
displayed were unusual for the day after New
Yea = day, especially as it comes at the end OF
week, and on Friday, when monetary jnd-
tions are not generally favorable to advanc IS.
DiSagreeabie weat .er also kept many people
away from the street, but nevertheless, the
demand for bonds and dividend-paying stocks
showed a decided increase. The outlook is
favorable Tor strong aud advancing market
and there seems little doubt but that the open
ing month OF the new year Will show al inn
provement all al n the line. The Increase in
freight rates all western roads, which went
into effect to-day, Is expected to give strength
to railroad securities. Money is easy, stocks
are scarce, aud there is large amount of
money seeking investment, which, under the
firm condition OF affairs in Wall street. would
naturally lUS way JneFe. To-Day gave EVIL
deLce That S1cn movement has already begun,
and dealings, on the whole, had less of a pro-
fessional appearance taan they have for long
time. Traders and bea were not inclined to
believe that the rise OF Wednesday would ne
continued over the holiday, and therefore
there was considerable pressure brought
ag tinst the list in the early dealings for tiirn
at least on the short side. There was however,
strong and, in some cases, urgent demand for
some stocks and pressure, which succeeded in
opening the market off from AG134 per cent.
and establishing further concessions in early
dealings, was withdrawn, and the demand for
long stoc IS was supplements by buying for
short account. There was undoubtedly con-
siderably buying by inside s, especially ia
southern stocks. Coal stocks, however were
leaders Of the upward movement in the fore
noon, Lackawanna in particular being helped
by rumor5 OF its requirement of Susquehanna
aud Western, which latter also scored further
advance. Later in the day, however, whsn tne
bears had been finally routed, improvement
spread all along the line, and several of the low
priced shares scored material gains on light
trading There were realizations as the after
noon wore along, but no marked impression
was made upon prices, which were the hi CHEST
seen in many days Tho close was quiet to
strong at or near the be- prices of the day.
the sales OF listed stocks aggregated $4,000
shares and unlisted 1900 shares.
The following were the closing quotations OF
the New York Stock Exchange: