The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-05-26
MARKETS BY TELEGRAPH.
FINANCIAL.

FINANCIAL.
NEW YORK. May %, noon.-stocks opened
dull but steady. Money easy at 315d4 per cent.
Exchange-long, 81 83A01f 83IS; short, "a 6714
o. S71s. Government bonds neglected. State
bonds dull but steady
The following were the 2 p. m. stock quota
tions
Erie. ........... 2O]S Richm'd & W. PIT.
Chicago & North. .1OSh Terminal ...... 1881
LakeShor .......1O9N Western Union. 1913
NEW YoRk, May 25, 500 p. m.-SterIing ex-
change closed quiet but firm at 81 $780, 6816 ;
commercial bills, 81 821504 81. Money easy at
Government bonds closed dull but firm; four
per cents 1l9, four and half per cents 10I
State bonds closed dull but steady.
Sub-Treasury Balances-Coin, $ll3,0O6,OOO;
currency, $l4, $4,000.
The stock market to-day lost it's buoyant and
confident tone, which was so pronounced in the
latter part OF last week, and prices reacted
from the high points then attained The down
ward movement, however, was slow and
progress insignificant even in active stocks;
while the general list displayed only insignifi-
cant changes. 1t was notable feature OF the
market that stocks like st. Paul aud ROCK
Island, which are supposed TO be thoroughly
cliqued, that their fluctuations are under com
plete control, were as weak as the remainder
of the list. The business done was more than
usual of late confined to few stocks, and half
dozen leaders furnished about one-half of the
transactions. Selling in the market was again
apparently largely for foreign account, and
are well out of speculative Americans, and the
selling which appears to be for the foreign ele-
ment finds its inception on this side Of the
water it had the same effect, and checked not
only the buoyancy of the market, but trading
as well. The most powerful force in thu selling
movement was the continuation Of the outgo of
gold. the announcement being made that about
IS, 900, 900 would 90 out on Wednesday, and the
general expectation that Saturdays shipment
marked the close of the export movement re-
ceived a check. although private cables report
that the s., 100000 to go this week will be all
that is required at present. London selling this
morning made lower opening, although losses
v ere confined 10 small fractions, and the early
demand was sufficiet to cause rally, which
bro IRht most of the list up 70 something better
than Saturdays final prices. Further expected
shipments, however, proved too much for ths
buying power with selling by both foreigners
and the west, which realized 20 some extent on
the advance OF tho latter portion Of last week
The market continued 10 drop under these cOudi-
lions throughout the greater portion OF the day,
but remained unusually free from feature 81
interest; while Changers, and especially 81.
Paul. were active within narrow limits The
market finally closed quiet but heavy a. about
the lowest figures. Toe Anal changes IN al
cases ars for small fractions only, with larger
number Of declines. The sales Aggregated
$4,000 shares Of listed and 1000 shares Of "a
listed
Ths following we're the closing quotations u
The Kew forE stock Exgaa1ee
class A. at05. i016 NO. Pc neist mort 99s<
Aia. class y, hs,, lyi94 = J. Central ,ill y
gsorglsIs. mort. - heft a " pref, ga