The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-29
MARKETS BY T1LEG aAP 2
F1NANcfafi SD.


New YosK. Aug. %. noon.-stocks6psasd
active and firm. Money seeroEset 2 1SfBas5er cent.
Exchange-long, 81 $50 63A: snort 81 sI6
1854. Government bonds neglected. State
bonds dull but steady. a-AsT1 3 81 EgII 8
tions: 1r& EeN ,ssrf9 van
Erie. $50. ........ 2f6 Richnd & W PIT
Chicago & North IiC Tsfaiina. q. :. = isss
Lake5aese. ......t15a4 Western Uaieslrss-,s2
NE NEW YORK. Aug. 3, 800 p. m=stofiins er-
change closed quiet and weaS at 81 SIG
30; commercial bills, "a saae4 s47s Money
Government bonds closed dull but Arm; four
per cents 1I7s4; four andA Mali per cents 100 4.
State bonds closed AT htIrFstesdysE 1is
sub Treasury Balances--coia s9a6a leoo:car-
The stoc5 market increased ltspv 5liIrne OF
business to-day and fully resatned It's strength.
ana as rule prices were placed tip0n % higher
level than yet attained during ttfe present rfsa.
Traders made a vigorous demonstration against
the list this forenoon, and succeeded in bring
ing about a fractional recession Rfter Jtle
strong opening, but buying became more urgent
as the day wore along, and the bear contingent
was finally routed, and, with an unusually lar Se
business, prices novel .up rapidly and uni
formly. The efforts to make money scarce Ia
the fall seem to be meeting with the same sue
cess as the frost stories, and the best opinions
among the financiers here at present IS that
there will be no approach TO str ngency this
season. Bankers rely on the present unusually
large surplus left in the banks aud return of
at least portion of the gold sent abroad earlier
IN the year, and with the renewal of purchases
OF securities for foreign account exchanges are
weakening; while cotton and wheat are coming
forward in increased volume. The end OF the
frost scare was marked to-day by q resumption
OF leadership in the market bY Granger stocks,
ana while Chicago is engaged principally IN
handling large wheat receipts, there are still
left some spectators and investors who have
time to take an interest in the stocks of rail
roads centering in that place Burlington and
Quincy, st. Paul. Louisville and Nashville and
trunk lines were ali especially active and
strong, aided by the change in the character of
advices from the west which reported the most
favorable weather instead Of frosts, out OF
which bears have endeavored to make so much
capital of la e. Efforts to bring about further
reaction died away before the heavy Influx of
buyers; and the efforts of the bears were there
after directed to the object Of covering their
short contracts with as little loss possible,
the result being irresistible upward move
ment, which in more prominent stocks and GER
tain specialties, like New Jersey Central, and
stocks OF a like order, reached nearly 3 per
cent. from the lowest prices of the morning
The advance reached the entire list, and after
IL was once started, it met with no setback for
the rest of the day. Market finally closed active
and strong at the highest prices of the day
Final advances include Cordage 2sR Louisville
and Nashville 21S, Burlington aud Quincy 2, Big
Four ia, Rock Island 134 Union Pacific 20,
Northern Pacific preferred Ia, Laekawanna
ana Eric 10 per cent, and others smaller
amounts. Ihe sales were $4,000 shares o.
listed stocks: unlisted STOCKS 900 shares.
The following were the closing quotations of
Al N.rry n