The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-10-03
MARKETS BY LEG aAPa.
FINANCIAL.

FINANCIAL.
NEW YORK. Oct. Q. noon.-Stocks opened
active and strong. Money easy at 5Gl6 per cent.
EKohange-long. 81 SOl54 SoI4; short, 81 SAG
$50. Government bonds neglected State
bonds dull but steady.
The following were the p. m. stock quotas
tions:
Erie. .............. 294 Richm'd & W. PIT.
Chicago NORTH. .1li8 Terminal. ...... 13H
Lake 1ore. .......l34 Western Unlon.. $40
NEW YORK. OCT. 2, 500 p. m.-sterling ex
change closed quiet but steady at 81 s. Q14 81;
commercial bills, 81 : "a ~. Money easy AT
Government bonds closed duh but firm; four
per cents 1l6; four and a half per cents -.
State bonds entirely negiectsd.
the stock market to-day took another turn
for the better. and while there was not only
marked expansion in the business done and
material improvement in prices, a decidedly
bulllsh feeling was developed in the room, and
the forces of depression were withdrawn In the
race OF the overwhelming volume of new buy
Ing which appeared in the market. There was
very little stock Offering. There were a number
OF favorable factors which aided to produce a
revulsion in the feeling, chief among which
were the further heavy arrivals of gold,
together with advices of other amounts to leave
the other side; while buying for insiders In all
prominent stocks, aud the evident desire OF
foreigners to purchase, vera influential in
creating a similar desire on the part OF local
operators on botn sides Of the account. There
was also a new phase 70 the Rock Islaod bond
y,
limited TO only two or three millions, aud that
it would be is Aled solely for luipment and eX-
tension purposes. There were many evidences
of large purchases by the Van lerbut party and
the purchases Of Missouri Pacific by brokers
identified with the Gould interests were most
marked. The character of buying in Western
Union, Lake Shore, Vine .ling and Lake Erie
preferred, Missouri Pacific Rock Island Louis
vile and Nashville and Chicago, Burlington and
Quincy attracted considerable attention. TIE
opening of the market was active, but without
excitement or feature other tnan thu decline in
Missouri Pacific but the desire to buy was male
immed atey apparent. and prices along the
line moved up materially in the trft few
minutes, only TO DO oh eyed by the neavy selling
of Rock Island by buyers. which forced its price
OF from 80 to 1915 its company being kept by
Sugar and Louisville New Albany and Chicago.
The market was thus given feverish and
irr @gular appearance. many stocks remaining
most OF their early advance, while Others were
carried again below the level of the opening
prices Bsfore the end of the first hour. how
ever, the attempt TO force the market lower
was given up, and all the leading shares, under
tie lead OF Missouri Pacific made rapid
progress in an upward direction. Rock Island
coming into line with the rest The amount of
business done was very large, aud while there
was falling off in this respe t after II O'Clock,
there was no cessation TO the advance Ia prices,
and in the last hour buying was again urgent,
especially by shorts Atchison was still the
leading active stock, but the Improvements in
other stocks was even larger smaller
trading Changers. Wizards and GOulis being
still the most prominent stocks. The market
finally cosed very active and decide lily strong
az the top figures all along the line. The sales
of listed stocks were $4,000 shares; unlisted,
10000 shares.
The following wsre the closing quotaHoas OF
the New ork st )ck Eroaange;