The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-02-13
MARKETS BY TELEGRAPH
FINANCIAL.

New YORK, Feb. IL, noon.-Stocks opened
steady. Money easy at 1186I9 per cent Ex-
c9aInge-long, 81 s519@i s5s4; short. 81 SO
4 SS12. state bonds du but steady. Govern
ment bonds dull but steady
! Erie............ 81 Richmd & W. PIT.
Chicago nts g9S a North ll71s Terminal i
NEW YoRK, Feb. 12, 500 p. m.-sterling ex-
change closed quiet but steady at 81 e6l40
So; commercial bills, 81 1904 s716. Money
per cent. Government bonds closed dull but
iirm; four per cents 1161s State bonds dull
but steady.
Sub-LreRsury BalAnceS-COiu Sill 6 091 coo. chr
rency, Sl4654. 900.
Al the Stock Exchange this was another ex
ceptionally heavy day, although there was no
comparison either as to the amount OF business
| done or excitement attendant upon the trading.
Ibe elimination of the deal was followed by
large reallEations by the TO lowers of the syndi-
| cafe, and there was considerable pressure on
| the coal stocks from bear sources, the advC-
Gates of lower figures being especially anxious
| to retrieve some of their losses by the recent
| rise, and rumors were circulated to this end
| that legal proceedings would be taken to pre-
| vent the consummation of the arrangements
made by the coal companies. The rumors,
| however, had no special effect. the impression
being that such proceedings. If brought at all,
wouli be merely for speculative purposes and
the declines effected In the stocks of these roads
to-day were entirely the effect of selling TO
realize by speculative buyers. Coal stocks were
oblil LuS iuOSb prominent group IN Inc market,
put they were not so oyershadowing as yester.
day. and other stocks than those which are
supposed to be benefited by the combination
were largely traded in at times. LoRdon was a
large seller OF St Paul and some others. but
bought little Erie. Chicago bought Chicago Gas
but let it off in the late trading with the rest OF
the list. Richmond and West Point stocks were
very prominent on rumors that the reorganiza-
ton committee report to be issued in a short
time, would be very favorable The bears made
considerable capital out OF the position of the
foreign exchange market, pointing out that
demand bills are now dangerously near the
gold exporting point aud still tending upward.
The transactions in Reading we're, OF course
most striking. and trading in the last hour was
equal to anything seen " sterday after the first
hour, when it fell rapidly over per cent. The
early dealings and declines were marked by
great irregularity. and while New Jersey Cen
trail rose per cent. and Lackawanna l. the i'm
provement was more than wiped out during
the day. sharp rally in New Jersey Central
in the last few minutes saved it from scoring a
mat rial loss for the day. New England fol-
lowed the leader very closely, but other stocks
were traded in within narrow limits except
Iowa Central preferred, which was the strong
point Of the day. rising per cent. to IS, and
closing only IL per cent. below its best figures
In the early dealings, after a strong opening,
Reading fell away rapidly, while New Jersey
Central and Lackawanna advanced, the general
list also showing great irregularity Of move
ment without scoring any material change
New Jersey Central afterward gave way. but
the strength in Chicago Gas prevented any
stamped. in the market for some time. Late
in the day Reading again dropped suddenly
and everything followed, the transactions at
the time being extremely heavy. The market
under this influence closed active and weak
Notwithstanding the rally, IN few shares in the
last few minutes. The losses OF note comprise
only Reading "a. New England 2If, Delaware
and Hudson and Cordage 156 per cent The
sales Of listed stocks we're $1,000 shares aad
unlisted 5000 shares.
The following were the closing quotations Of
the New York Stock Exchange: