The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-04-14
MARKETS BY TELEGRAPH.
FINANCIAL.

FINANCIAL.
NEw YORK. April 10. noon.-Stocks opened
quiet but steady. Money easy at 361316 per
cent. Exchange-long, 81 S66t4 $50; short,
"a $500 eS16. Government bonds neglected
State bonds dull and easier.
The following were the 2 p. m. stock quota
tionS:
Erie. .............. 2OA Richm'd &w.Pt
Chicago & North. 1903 Terminal....... 17h
Lake Shore. .....-111A Western Union. s1s4
Norf. & W. pref.
change quiet and barely steady at 81 $40
4 s915; commercial bills, 81 $685. Sc. Money
easy at 30315 per cent, closing offered at per
cent. Government bonds closed dull and
easier; four per cents l2l34 four and half per
cents l01& State bonds closed dull and fea-
tureless.
ub-Treasury Balances-Coin, $143, 09S, 900;
currency, S7,551. 900.
The stock market to-day gave further evil
dence of its strength, and advancing smartly
on good news, it was well held up on bad de-
velopments The bank statement of Saturday
was an encouraging item to bulls and renewed
encouragement was taken from the manner in
which the market had resisted all attempts to
bring about reaction; while the failure of the
prediction of the bears that the minimum rate
of discount OF the Bank of England would be
raised this morning to come true, and adyices
that the gold engaged from London for ship
ment to Germany would not be taken, caused
lively demand in early trading for all sorts of
stock, although those in which the short in
terest was largest, including st Paul, Burling-
ton and Quincy and Chicago, felt the movement
more than the rest The bears had banked
heavily on the adverse action in London, and
the miscarrying of their programme arranged
for that gave them a sharp setback London
was also buyer in the early trading, while the
west took the Changers again, and many
specialties scored handsome gains, Wabashes
being very prominent. The leading bull in-
terest was also evidently supporting the
market and all through the forenoon, after the
upward movement had eliminated, best prices
nj maintained. gold
left in London, however, was taken from here,
and the announcement OF this fact again gave
the reactionists chance to hammer the list,
and the temper of dealings underwent a
change, the bulls evidently holding of for de-
velopments while the bears were inclined to
press their advantage, and the activity, such as
it was, of the afternoon was always accom-
panied by declining figures All the early ed-
vances of note were wiped out, and sluggish
stocks, such as Northern Pacific pre-
ferred and c., c., c, and St. Louis;
losses before the downward movement was
checked, when dizziness became the leading fea'
ture of the market The bears, however. con-
tinued to hammer the market throughout the
session, and the activity was not what IL had
been in the early trading until just before the
close, when the downward movement was
greatest. Weakness was most apparent IN
Northern Pacific preferred, Missouri Pacific, and
Changers, though industrials and specialties
were not far behind, and not only were the
mornings gains lost. but fractions in addition
all along the line. The close was active and
weak at the lowest points in almost everything
traded in. Leading dealings were maintained
throughout by st. Paul, Burlington and Quincy
and Atchison Final changes are irregular, and
in all cases for fractional amounts except in
Northern Pacific preferred, which is down JA
per cent, though losses are by far more numer-
GUS The sales were 239 600 shares Of listed and
5000 shares Of unlisted
The following were the closing quotations of
the New York Stock Exchange:
Ala. class A, 2to5.1O3 NO.Pahclst mort 691k
Ala class B, S.. ..105 N. Y. Central. 49,. i02lS
Georgia7s, mort. Eorf. & W. pref. 53A