The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-26
MARKETS BY rgLEG aAPa.
FINANCIAL.


New YoRK. Sept. 25, noou.-Stocks opened
strong. Money easy at 576 per cent. Ex-
ehange-long, 81 753a@4 20; short, 81 500
4 SSA. Government bonds neglected. State
bonds steady.
The following were the g p. M stock quota
tons:
Erie. ....-........ S1A Richm'd & w.Pt
Chicago North. 1873 Terminal. 800. II
Lakes lors. .......1224 Western Union. $3.50
NEW YoRk. Sept Is, 500 p. m.-sterling ex
change closed active but esvy at 81 8 "a "a;
commercial bills, 81 1905 ssIs. Money easy
Government bonds closed dull hut stroas; four
per cents 1I.34; four and a half per cents -.
State bonds dull but steady.
Inc stock market to-day was not quite so
active that OF yesterday; but 1t was still al
unusually active market, while displaying tenn
per in marked contreSt TO that of its predeces
sor. The whole list, with only one exception,
was decidedly strong, and the operations OF the
day showed that the desperate attempt to break
the market yesterday was complete failure.
1t was also demonstrated that the attempt re
suited only in a large increase in the outstau nd
ing snort interest, the extent OF which 10 some
stocks may be judged from the fact that. not p
withstanding that money wGs in active demand
at . per cent. througnout most of the day,
the bears were compelled TO pay 1-S2 for the
use or Union Pacific in order 10 make their de-
iveries. The scare among holders was exceed
iusly short lived, and after the opening this
mornlng there was an excellent demand from
all portions of the world, London, outside
traders and New York houses vieing with shorts
in bidding for everything on the list. Where
everything was so strong it is hard to pick out
special stocks but Union Pacific, Mis- 'ouri
Pacfic and Canada Southern fairly led followed
by Rock Island, Lake Shore Wheeling and Lake
Erie common and preferred. Burlington and
Quincy, Atchison, aud Louisville and Nashville.
Union Pacific and Missouri Pacific were centers
Of attraction during the day, and while the
transactions in Atchison were larger than those
III Missouri Pacific, fluctuations in it were by no
means as important. Dealings in Union Pacific
however, footed up to a larger total than those
in any STOCK since the present upward move
ment began Wizards and Changers were again
a good second in the market, but Nanderbilts
showed the mot strength aud Canada
Southern, Lake Shore and Chesapeake and Ohio
shares made the most substantial gains on CON
paratiyely light transactions. Union Pacific,
after most irregular and feverish opening
was again attacked and drop OF - per cent
established in IL, its lowest prizes being 1885,;
but Missouri Pacific was strong from the outset,
and steadily mounted until it had touched 69Ls
q gain Of "a per cent. from its low figure OF
yesterday. Union Pacific, however, soCn joined
the procession, and rose Az per cent. 10 i3lz
The remainder of the list made substantial
progress, and before the advance eliminated
yesterdays losses were about recovered. There
were reallzations in the afternoon, but the best
prices were well held, Notwithstanding that
TWO leaders reacted materially. All excite
ment died away toward the end OF the session.
and the business done became comparatively
small, but the market finally closed active and
strong at or near the highest prices of the day
Among the active stocks Union Pacific is up "a
per cent, Missouri Pacific and Canada Southern
235 each, Lackawanna ~, North American .
Atchison 1h. and Reading is, the rest OF the
list generally showing gains Of from 1G11< per
cent. The sales of listed stocks were ga, 600
shares: unlisted, 5000 shares.
The following ware the closing quotations of
the New YORK stock Exc1ange: