The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-07-28
MARKETS BY TELEGRAPH.
FINANCIAL.

FINANCIAL.
NEW YoRK, July a. noou.-Stocks opened
dull but steady. Money easy at per cent Ex-
ehsnge-long, 81 S414 S414; short, 81 S614@
bonds dull but steady.
the following were the ? p. m. stock quota
tons:
Erie. .............. 1919 Richm'd g. W.Pt.
Chicago & North l0376 Terminal. ...... 1OX
I.skeShore. .......lO3 Western Union. 1919
Norf. & W. pref. 4SA
NEW YORK. July ~, 500 p. m.-sterling ex-
change closed dull our steady at s. $50
So; commercial bills, 81 s394614 SO. Money
easy at II o. per cent, closing offered at per
cent: Government bonds closed dull but
eaiy; four per cents I'M; four and half
per cents 1O1s bid. State bonds closed en-
trelv neglected.
SubTressury Bslances-Coin, S91. 294, 900: cur.
Fency, 5 5.5U5000.
The stock market opened the new week this
morning. With an active business, for parallel to
winch we must go back at least two months,
nut the animation was caused entirely by heavy
pressure TO SELL primarily by bears, but I'M
douhtedy considerable long stock was thrown
oye@, especially n Richmond and West Point
and Northern Pacific preferred in which several
stop orders were reached, and for which pre-.
Sumably tee bears were cunning. st. Paul and
burlington and Quincy, however were equally
as active and in Burlington and Quincy bears
W're specially active without meeting with the
same success as il the other stocks mentioned.
Ihe short interest is now reckoned at as high
as 10000 shares. and efforts to cover on top of
the drive this morning were very noticeable,
blt ne enorts from all appearance we're not
specially successtu and the market dropped
"tck suddenly into the old dullneSs, while
,f,2Hs recovered sharply very light trausac-
~ $. the receipts OF which at the five principal
l"'s for the FIRST eight days Of July go far to
'Hf the outstanding short interest uneasy,
SIS long as the bulls lack strength to in
q rate ana carry through vigorous campaign
Is To get prices down to level where out
-'EIdlng contracts may be covered at a profit
III oe continuous. These drives, however, are
ft ATTY helped by weakness in Richmond and
VEST Point securities Common stock of
Mcumond and West Point aud Lead trust,
wien VIII not reorganize were the only weak
spo'S III to-day market. while the only really
soohg point was Sugar, which scored an ex-
IRENE gain of IA per cent The bearsh
ling grew stronger toward the close. how
~ When more realizing was DONE and the
N"H"dro movement, which had made but
.'sav progress after the first half hour,
tined and further material losses were
SHslalned over the entire list Lackawauna be-
ne Tue feature, dropping suddenly over
ror cent. while the weak stocks of the fore
J 49, reached the lowest prices of the day. The
ITGIisol 10 the Omaha bridge cases against the
I, Iioh Faclhc and in favor of Rock Island had
My,le OF no erect upon either Union Pacific or
IssGurl Facltic, and other Gould shares were
g, e ned throughout the day Chicago Gas
sea- aso pressed for sale in the afternoon, and
S.cl one or the heaviest declines of the day
'eIA speclalties made marked declines
rohg which Cotton Oil shares were promi-
lit bsa,. market finally closed fairly active but
FiHsI 10 10 weak at lowest points of the day.
Iudl changes are all losses with the single
TT@ception of Sugar, and Chicago Gas is off 156
w az ~, tennessee Coal 2 Richmond and
Ana C ~ olhC l7s, Northern Pacific preferred IL
- az CSueIs material amounts. The sales were
unlisted ''0N @nu lo'VVV SHARES Oh
M me following we're the closing quotations of
we" York Stock Exchange: