The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-12
MARKETS BY TxLEGRAPa
FINANCIAL.


NEW YoRK. Sept. II. noon.--stocks opened
quiet but opened. Money easy at 3Gl4 per
cent. Exchange-lonR, SAsslssA4S2l short.
"a e4a4O4 50, Government bonds neglected.
State bonds dull but steady.
The following were the 2 p. M. stock quota
tions:
Erie. ......:....... 28l6 Riohm'd & W. PIT.
Chicago North. ll21s Terminal 1885,
Norf. & W. pref.
NEW York. Sept. II, 500 p. m.-sterling ex.
change closed active but weak at 81 500
4 IS; commercial bills, Sisl14@4 81. Money
easy at 36t4l6. per cent. closing offered at 2Ib
per cent Government bonds closed dull and
heavy; four per cents IL; four and a half per
cents -. State bonds closed dull but steady.
Sub Treasury Baances-Coin. S92 25l 600; cur
rency, S@o,34V.O0O.
The stock market again displayed reac-
tionary temper to-day, but while the buying
power seems for the moment to be checked
efforts to cause q material decline meet with
stubborn resistance. and concessions from last
evening figures we're in no case Of particular
moment. The attitude OF Mr.. Gould and his
following seems at present TO be the one uncer-
tain quantity in the market, and this more than
anything else causes hestancy, which is the
m ost marked characteristic Of the buying.
Yesterdays government crop report was so en-
coura ying that it stimulated an effort to cover
shorts by local operators, and the effect was to
open the market generally at large fractions
above last evenings figures while Rock Island
was up Is, Burlington and quincy Ia. and c.,
fancy IN buying for long account at advanced
prices, however, gave bears courage to neu-
trallze the Improvement, and alter slight
further gains in some stocks. the upward move
ment was completely checked and material re-
action begun, notwithstanding that Lake Shore
rose to 1l9A, again passing the best price in
years, and Distllers shot up "a per cent. I'm
der realizing sales each lost nearly all of the
advance, while the rest of the list was pressed
down to something below last nights pricee,
many OF the leading shares. such as Union
Pacific Burlington and Quincy. Rock Island,
Missouri Pacific, aud others cropped from their
highest points over l per cent. The hammer
ing operations, however, as usual OF late, in
duced dulness and the rest Of the day trading
was of hand to mouth character, with in
significant fluctuations but general downward
tendency. The decline was helped in great
measure by predictions OF frost in the north
west and rumors that more of the Union Pacific
bans had been called though no details were
to be had in any direction Of these losses, and
the revival of the old rumors in regard TO the
financial standing of the Richnond and West
Point Company. Prices as a rule were carried
down below those of last evening, despite the
sharp opening advances and no recovery was
seen until the last hour, when feeble rally oc-
Cured on covering of shorts by the trading ele
ment Market finally closed quiet and barely
steady at close to the lowest figures of the
day. Final changes, however, are in most
cases slight gains, and Lake Shore is up / ID per
cent; while losses are few in number and for
fractional amounts only. The sales of listed
stocks were 81 900 shares; unlisted 10000
The following wsre the cl )Sing quotations OF
the New Y rk Stock Exc 1sn2e: