The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-19
MARKETS BY TELEG aAPa.
FINANCIAL.

NEW YoRK. Sept. IS. noou.-StoclSs opened
strong. Money easy at 46b per cent. Ex-
ehange-long. 81 s012G4 s0s4; short, 81 $500
4 sSA. Government bonds neglected. State
NEW YoRK, Sept 1s, 500 p. m.-Sterling ex
change closed active but weak at 81 Slt6Q14 81;
commercial bills, 81 1904 SS94. Money easy
at 3614 . ~ CEN: closing offered at 80 per
cent. Government bonds closed dull hut steady;
four per cents u; four and q half per cents
-. State bonds duI 0ul steady.
Sub-rressury Balances-Coin. S93,27S,o 900: cur
rency, <l,.ii,C0U-
The stock market to-day waa the most active
of any day for years, not excepting the days of
the November panic, and t1ereNaS great deal
OF excitement attending trading at oil times
during the day. There was continuation OF
buying or long account by outside spectators,
both foreign and domest C, and the covering of
large lines of short contrs cts helped along the
upward movement, while they swell ed the
volume of business to unusual proportions.
Another element in the days operations, how
ever, was the enormous realizations on profits
accrued during the last few days, and these
operations during the forenoon we're a most in
hdental factor in making the temper OF the
market. The opening was made at generally
higher prices than those OF last evening. but
while Reading was up "a per cent Louisville
and Nashville was down IS per cent. Reading
was still the center of speculative activity IN
the forenoon, but the crowd OF brokers in the
spaces allotted to the different stocks were
usually large, and while Reading and Atchson
still maintained the premier position in point of
activity other stocks soon came TO the front
with more substantial advances. The heavy
buying and heavy realizations OF the forenoon
kept the market in a extremely feverIsh state,
transactions footing up enormous figures for
the first hour and the excitement being CORE
spondngly Intense. Toward noon, however,
realzations SACKED away under stubborn re-
sstance OF the market to pressure, and shorts
came into cover. There " ere also heavy pur-
caases, believed by many TO be for account of
Cammack, and the determination Of his posi-
ton in the market brought in other buying or
ders for both sides of the account. In this
movement Changers we're most consp cuous.
and Rock Island, Burlington and Quincy, and
st. Paul took the places OF Reading and Atchi-
son as leaders of the market advances in
these shares we're very sharp, AID as compared
with their lowest fRures@ Rock Island rose As.
Burlington and Quincy 20 and st. Paul ~ per
cent; while among speclaltieS there we're
equally pronounced movements, Texas Land,
Mexican Central, Milwaukee, Lake Shore and
Western. and the industrials being very promi-
nent Top figures we're reached towaid y.
m, and after that time the traders who had
started in to take the market away from shorts
began to realize their profits. and material
reaction occurred in the last hour. Rock Island
going back 19s per cent. and the rest of the list
from M@1l11 per cent. SOme OF the more slug
gish snares OF the forenoon were even carried
down below the level of opening prices, and
Ontario and Westerl lost good slice of its
late rise dropping from 23ls to 224. The de-
cline lasted until the sound Of the ga rel, and
the market closed rather heavy At concessions,
though great majority of the list is fraction-
ally higher this evening The sales of listed
stocks aggregated $4,000 shares; unlisted, 81, 600
shares.
The eolloging wsre the closing quotations OF
the New YORK. st Ock Ext, lange: