The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-04-07
MARKETS BY TELEGRAPH.
ETSAN.,rAL

NEW YoEK. April 6. noon.-stocks opened
active AM strong. Money easy at 2IkT3 per
cent Exchange-long, 81 o6G4 ssh; short,
81 AG4 Sog2. Government bonds neglected.
State bonds dull but steady.
The following were the ? p. m. stock quota
tinns:
Erie. ...:.:....... 10 Richm'd & WIT
Chicago q Nostn IG51s Terminal. 80. ls
Norf & W pref. 533z 0''4
New YORK. April 6, 500 p. m.-Sterling ex-
change closed quiet but firm at g. $50
81; commercial bills 81 S5Ib61 S1L5 Money
easy at 2l6Q3l5 per cent. clos 2 at S0SIs ,.er
cent. Government bonds closed dull but steady;
four per cents 10, four aud half per cents
IO2. State bonds closed duh and atureeSs.
currency, $7,7l1O0O.
The STOCK market to-day underwent sudden
change in its character, and from the dullness
ana hstleSsness of the past two weeks there was
jump into activity and decided strength.
which was almost welcome to the street after
its long stagnatiOn. AS a result of the opera
tons OF the day almost everything ira led in
SHOWS material improvement over last weeks
ngureS. Inc Zee ing on the street this morning
was pronouncedly upon the bull side, and even
traders We're Seemi lgy to o man enlisted on
that side of the market while spectators, who
have b Id their stocks through long depression
In business, were as sa1guine as ever The
stimulating influence, however. undoubtedl;
came from Chicago, and the stocks in which
that center is interested took a leading part in
Iuc carry rise, WnllS everything else
IN the amount Of business recorded. Chicago
Gas was prime favorite, but Burlington and
Quincy aud Rock Island were not far behind,
and st. Paul, Atchison and Union Pacific fol
lowed closely. The only stocks other THAI
these which attained any prominence during
the day were Sugar New England and Cordage
The new movement on the part of Chicago peo-
pie may indicate that the time has come in
their opinion to bull stocks owing principally
to the adjournment of western legislatures and
the final of anti-railroad legislation, or it may
mean that speculation in cereals has culmi-
mated, and the capital which has been so long
locked up in those deals is now free to seek
other channels of profit. However this may be-
there is no question but that the advance to-day
was due TO buying for long account, and the
market having resisted so strenuously all the
depressing influences of the past few months.
the following among local operators will not be
hard to accumulate The financial situation on
the other side is not all that could be desired,
but it has ceased to have any terrors for Ameri-
cans, and the low state of the reserve of the
Bank of England is no deterrent. There were
only two really weak spots in the market to-
day-lllinois Central and Great Northern pre-
ferred; but the latter made no recovery, while
the former joined other Changers, and recovered
handsome y while showing no gain for the day.
Northern Pacifics were also rather sluggish, and
failed to MAINTAIN the level of op ming figures,
though their losses were insignific ant except
as in contrast with the rest of the market. The
general list, however after a firm opening, fol
lowed the leaders, and showed small advances
for the day. There was evidence OF heavy
realizing sales in the first and last hours, and
the latter caused some concession in many
stocks from the highest of the day, bus the
market closed active and strong at or near the
best figures. Trading was larger than for
many weeks. Final advances of note include
Sugar 84, Burlington and Quincy 2A, Rock
Island 1S4, Chicago Gas III, Q, c.. G. and St
Louis and Colorado Coal each III, New England
1Ss, st. Paul ia. Manhattan rs, and Not
western per cent Toe sales were 3Os 90 shares
of listed and 40. 900 shares of unlisted
The following were the closing quotations of
the New YORK Stock Exchange: