The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-01-03
MARKETS BY TELEGRAPH.



NEW YoRK, Jan. 9, noon.-Stocks opened
active ana strong. Money easy st 3 per cent.
Exchange-long, 81 So; short, "a 6434. State
bonds neglected, Government bonds dull but
steady.
Erie ............ s45s Richm'd s. wPt.
Chicago q North 1854 Terminal. ....... 141s
LaSee Shore. l23 Missouri Pacific. 1873
Nrw YoRK Jan. 2, 500 p. m.-sterling ex-
change closed quiet bur steady at 81 62l50
1917; commercial bills, 81 SlAQ4 sl14.
Money easy, no loans, closing offered at per
cent. Government bonds closed dull but steady;
four per cents ll6Ia Elk interest. State bonds
neg oct. d.
sub-Treasury Balances-Coin, $112,O3 900;
The STOCK market opened the new year to-
day VI active and buoyant speculation, the
volume VI business being something unusual
for this season 0 the year, as well as for the
half holiday coming between two full ones.
Among the active stocks there heavy buy
ing, in which LONDON was something of a
factor, while the demand from commission
houses continued undated, and outside centers
contributed their Quota to make of the
most active Saturdays seen ia a years time.
| The feature Of dealings. however, was the large
trading and very substantial advances among
the low priced shares, which are believed by
some TO have future, the new Lead trust
common scoring gain of ~ per cent, though
the greater part of this was the simple process
of "marking Ut" which. however could not be
urged against all Of the very material gains in
others industrale were specially conspicuous
in the upward movement, however, as Lead
took the advance among the unlisted shares;
80 Chicago Gas led the listed stocks. Among
the latter. however, the demand in Union
Pacific, Wabash, New England and O., c., G.
I'd ST. LOUIS was sufficient to raise those shares
TO the highest prices for some time, and among
tue lOw-priced shares Toledo, Ann Arbor and
North Michigan, Louisville, New Albany and
Chicago, Oregon Short Line. Hooking Valley
and Cotton Oil shares scored gains from 103
per cent. The bank statement showed extraor-
diuary heavy expansion in loans, but the re-
celpts of currency were such as to cause only
comparatively small decrease in surplus re-
serve. and 1t had no apparent influence uDon
the course Of prices. The opening was active
and generally at large fractions higher than
| Thursdays figures. and while some sluggish
ness was shown among more prominent stocks,
concessions were insig lihcGnt, d others dis
played most pronounced strength. The ut-
ward movement in these shares made steady
and rapid progress throughout the session. and
no special feature other than these mentioned
were developed. The market finally closed
! acdye and buOyant at the top figures Of the
| day. The important gains among the active
! shares were Cotton Oil, Sugar |, G, G., c. and
| st. Louis a Chicago Gas $50, New England
Ia. Union Pacific ID and Wabash preferred Is
| per cont. Trading reached $4,000 shares Of
| listed.
| TheHollowing were the closing quotations of
the New York Stock ESchange:
Ala. class A, 2,5-s es0ssa Norf & w pref. 5514
/ Ala. class B, SIS, I. 1854 Northern Pacific 26L
n \ 'Carolln4 con9's' III 40 pref. =
| N.Carolna consl5. 9SI4 Pacific Mail ..... SS34
&C coHsoisj 6s..',., o7}b Rc6m ii & W. Pt ~
! tennessee 0s -,.lU1 Terminal. ...... i415
DO 6s. ....lO3 Rock lsland...,.. s916
do SO. S.. II st. Paul ...... s2s3
Virginia ss........*50 do preferred !23zS
/ Va. 6s cons. % Texas Pacific. go. 1879
! Northwestern ....Il54 Ienn.Coal & Iron II d
DO preferred. ..t4lM Union Pacific, 1915
! De.a q Lack. ....l3J56 y. J. Central. ... Il2I6
! Erie ..,........... S83S Missouri Pacific 63a1
! East Tennessee. ~ Western Union. $685.
! Lake Shore. ..... 1913 Cotton Oil Certi. 80
/ L'Vtle a. Nash. Sl4 Brunswick CO.. 10
! Memphis q Char. 20 Mobile & Ohio as 6176
/ Mobile and Ohio. 42 Silver Certificates 943{
1 Nashville q Chat. 81 Am Sugar Ref S5&
Texas Pacific, lst S5l3 do profd.. $3.50
! n Y. Central. l16S5
! The wesklys tatement OF the associated banks
issued by the clearing house to-day, shows the
! following changes:
Reserve decreased ACKNOWLEDGEMENTS 50 247 g5b
Loans 1otea5ed ACKNOWLEDGEMENTS. S,85l,OO9
/ Specie decreased -.-... ..-......... 42O3O
/ Legal tenders Increased. -. ........ $1,000
Deposits increased Observation-Disclosures 10 GIL 900
! Circulation decreased -. ............. e. 300
Banks now hold Sl7, 235, $50 in excess of the
! requirements OF the % per cent. rule
COTTON
! NEW YoRK, Jan 2.-The total visible supply
| OF cotton for the world is 4,639s55 bales, Of
which 4,S3zO55 bales are American against
| S,5l35S3 aud 3,046,0S7 bales, respectively, last
! year, Receipts at all interior towns for the
week 1885 bales. Receipts from plantations
@il $50 bales crop in sight q, 4Oo,051 bales.
! GALVESTON, Jan 2.--Holiday; net receipts
| 400 bales, gross 465i sales - bales stock
! l22 1873 bses.
NORFOLK, Jan. 2.-Eoliday; net receipts l. 543
! bales, gross /, 1873; sales - bales stock TO s 8
! bales; exports coastwise 627.
BALTIMORE, Jan. -Cotton-Holiday; net re-
ceipts - bales, gross -; Gales none; stock
/ 1903 bales.
BosroN, Jan. 2.-Cotton closed quiet; mid
/ dlIug l3-l6c; net receipts 9I9 bales, gross
| 2d4j sales zone; stock - bales
| MoaILE, Jan. Cotton closed quiet:
middin< 15-1Gc; net receipts 547 bales, gross
1,547; sales 1900 bales; stock a. ASP bales.
MEMPHIS, Jan. 2.-Cotton quiet but firm /;
middhnG l-l6c; receipts 1,649 bales; ship
| mentS 1887 bales; sales bales; stock
! 100, 237 bales
AUGUSTA, Jan. Cotton closed quiet;
| middhug &C; receipts 4l2 bales; shipments 592
| bales sales 355 bales; stock sc, 1914 bales.
/ CHARLESTON, Jan. 2-Cotton - Holiday;