The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-01-01
MARKETS BY rGLGGaAPa.
FINANCIAL.


NEW YoRK, Dec. 81, noon.-Stocks opened
dull but steady. Money close at Gar per cent.
Exchange-long, 81 7814@14 1915; short 81 8!s40
4 50. Government bonds neglected. State bonds
dull but steady.
Following were the p. m. stock quotations:
Erie. .............. 1873 Richm'd & w. PIT.
Chicago & North. .10419 Terminal. 1914
Lake Shore. .......l06 Western Union. 76l5
500 p. m.-Exchange closed quiet but firmer
at ii S0014 81 Money easy at 216G1o per cent,
closing offered at per cent. Su)-Treasury bal
ances-Coin, Sl4S, $40, 900; currehcy, Sl,O2 ,.OUJ
Government bonds closed dull out steady; four
per cents 12!15; four and a half per cents 1854
State bonds dull and teatureiess.
Today completes the year 1890, and it winds
up much more satisfactorily than any one an
ticipated short time ago, both Wall street and
the mercantile community showing a gradual
return of confidence, and bulls predict ma
terial upward movement early in the new year.
Considering that this was the last day of the
year, the stock market displayed good deal of
strength on fairly active business, and money
was comparatively easy ali through the day
notwithstanding the distu Dances caused by the
preparations for interest and other payments
due tomorrow. The failure of Batemau g. Co.
had no effect other than sentimental one, as
the firm has not for two years past been looked
upon of any importance in Wall street, and
while traders sold some stocks when the failure
was first known, on the theory that the head of
the firm was long of stocks, aud when the op-
posite was proved to be the case, by the buying
in of some hundreds of shares for account of
the firm, the effort to recoup early short sales
became one of the most prominent factors in
the strength of the list late in the day The
inclination of the bears and traders was to fol-
low up their advantage of yesterday this morn
ing and opening prices were in many cases
lower than last nights figures; while special
pressure was brought upon a few stocks with
the result of establishing further fractional
losses in the early trading. There was how
ever, an evident effort to pick up stocks at con-
csssionS and the temper of the market under
went sharp change for the better before the
end of the first hour. Lackawanna and other
coal stocks were all prominent in the advance,
and Changers were not far behind, and the buy
ing in of few shares under the rule caused
Omaha Common. Sugar Refineries also showed
marked strength, and to a lesser degree all
leading stocks, including st. Paul, Union Pacific
Louisville and Nashville, Atchison and
Northern Pacific. Trading, however, failed to
show any special feature of note outside of the
sharp rise in Lake Erie ald Western in the last
hour. The buying continued right up to the
close which was dull but firm at or near the
best prices of the y. The final changes are
almost invariably advances, and Colorado Coal
is up IA, Missouri Pacific IA. Louisville and
Nashville 115. c., c., c. and st. Louis, Rock
Island, Sugar Refineries and Tennessee Coal
each per cent, and Lackawanna, which sold
ex-dividend of IA per cent, regained not only
the dividend but rose per cent in addition.
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: