The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-04-21
MARKETS BY TELEGRAPH.
FINANCIAL


NEW YORK. April %, noon.-Stocks opened
active and strong. Money easy at 3I664 per
cent. Exchange-long, 81 S5dy4 $50; short,
"a S34. Government bonds neglected State
bonds dull but steady.
The following were the Up. m. stock quota
tons:
Erie. ,............,. 2OA Richm'd wPt
chicago q North. 100 Terminal....... 1875
NEW YoRK, April 20, 500 p. mastering ex-
change closed quiet but steady at 81 $50
4 S91a; commercial bills, 81 $780, 9734. Money
per cent. Government bonds closed dull but
steady; four per cents l22, four aud a half per
cents 1913 State bonds closed neglected.
SubTreasury Balancss-Coin, $40, 563, 600:
currency, s., $4,000.
OplnlOn grows daily that the extraordinary
strength shown of late by the stock market, in
the face of the most discouraginR clrcum-
stances, has more connection with the outlook
for large crops aud large markets for them
during the coming season than has been before
suspected. The west is unit III its bullish
feeling on stocks, and It is undenable that the
principal support to the present movement
came from that quarter. Stocks in which the
west, and particularly Chicago, is interested
are the leaders, and their activity aud strength
give tone TO the entire market. There are two
or three cliques among the local operators,
however, and the backing of CAmack is one of
the enigmaS with which the street employs its
extra time in solving, and it is believed in many
in addition to the west is under the market at
present. To-day there was a revival of both
activity and strength in the MARKET and all the
leading shares resumed their upward march
under heavy buying, which soon brought in
offerings which sweed the volume of business,
but were powerleSs to check the upward
tendency in prices for any material length Of
time. The market during the greater portion
of the day acted more like genuine bull market
than it has for some time, although the same
narrowness was notable, and lack OF vim In
dealings in the general list, while the same
stocks monopolIzed as usual or late, the great
majority of the business done. The most
notable feature in the trading was the activity
and strength in Chicago Gas. The Changers,
however, were the mainstay of the movement,
and while there was the usual amount OF bust
ness in industrials and specialties, there was
little interest in trading outside of Changers,
Atchson and Northern Pacific. Among the in
dustriais, Dsthlers and Cattle Feeders made
sharp upward squirt, and in the regular list C.,
c., G. and st. Louis and Lackawanna were
strong by turns. The general list, however,
was quiet and moved within narrow limit, and
shows generally insignificant changes for the
day The opening on execution of orders &C
cumuated over Sunday was very active and
materially higher, the gains over Saturdays
prices reaching per cent in some cases. This
brought out a great deal of stock, and the
activity continued throughout the day, but the
demand was urgent and was sufficient to keep
prices moving upward steadily throughout the
session. Chicago Gas, Rock Island Lackawanna
Union Pacific, aud some of the specialties led
the list at different times, and all scored marked
advances. The bullish feeling rau SO high in
the latter portion of the day that no concession
was to be noted at any time, and the market
finally closed active and strong at the highest
prices and with buoyant tone unimpaired,
giving promise of further advances. The ad-
vances of note include Wheeling and Lake Erie
preferred 21S Lackawanna ia, Rock Island,
Chicago Gas and Lake Shore each l@s, North
western 13s. Northern Pacific preferred IA,
Southern Pacific IA Burlington and Quincy,
Pacific Mail Reading, Union Pacific aud Wheel
others generally large fractions. The dealings
extended to 3S6, 900 shares of listed and IS, 900
shares of unlisted.
The following were the closing quotations of
the New York Stock Exchange: