The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-12
MARKETS BY TELEGRAPH.
Financial.

New York, Dec. IL, p. m,-Money on COLL
has been easy ranging from llCll2 per cent.
The last loan was at 1. and at the closing
was offered at |.
Prime mercantile paper, f8l}5 per cent
Bar silver 90 dRC.
Mexican dollars 5e@c.
Sterling exchange is steady, with actual bus
mess in bankers bills at 81 81 al44 Si3 for
sixty days and "a Sit4U4 81ta for demand;
posted rates 81 s5lsG4 SSts
Commercial bills 81 S3l a44 Sf4 for sixty
days and Sol4@ s6l2 for demand
Government bonds steady. State bonds
dull. Railroad bonds weak,
Silver at the Stock Exchange to-day was
neglected
Treasury balances-Coin, SOL, 3s5, 900; cur
rency, S270l3,000.
New York. Dac H. noon-The following
were the opening quotations:
Chicago and Northwestern. ..... .......... 1867 /
Norfolk ana Western preferred ........,. 50sf
Richmond ana West Point Terminal ... pa
western Union. .......,...-.,..... SIS
New York, Dee. 1.-THE stock market was
dull and lower most OF the day, because of
the engagement of Sl31 600 gold for shipment
to Europe by tomOrrOws steamers, and the
likelihood OF additional exports later in the
week. The earnings Of the 81. Paul road for
the first week OF December, showing de
crease OF nearly 100000 also had an adverse
influence on the market. The professionals
sold the Grangers on the exhibit, and stated
next o. days or so would probably make q
showing equally as bad The Changers de-
clined and Ia per cent. St. Paul fell ia
Burlington and Quincy IN At the decline
! London picked up about 1000 shares Of St.
Paul The foreigners also bought smaller
amounts Of Union Pacific and Atchison and
sold Louisville and Nashville on the report
that Gov. Brown had authorized the attorney
general Of Kentucky TO fight the proposed
consolidation Of the Chesapeake Ohio and
Southwestern road, recently pur yhased from
c. Z. Huntington. Western Union and Della
ware and Hudson andLackawanna were heavy.
Western Union dropped .. Hudson and
Lackawanna e. The industrials we're heavy,
except for Lead, which rose ~ for the com ,
mon and for preferred. The last named
closed f0il bid and IS asked The improve
ment in the stocks were due to Washington
adViceS that the reduction in duties on lead
and lead products would not be as radical as
at first proposed. Sugar. however dropped
] 3 to 81 e on adviecs that there would be no
change in the Wilson tariff bill and that the
ways and means committee would ask for the
passage OF the original bill Chicago Gas sold
of Is. Am rican Tobacco preferred dropped
~ and Cordage preferedG a. Tobacco com
mon gained a. selling up to ~: Distillers
first rose to 20 ana then returned to % "a 2sik
The market ruled weak until the last hAlf
hour of business, when a trmer tone pre-
vailed owing to the sudden rise in General
Electric to 35l3. Market closed steady. Total
sales 2le0JO shares The net changes for the
day snow losses o. $500 per cent in the usu-
ally active list. eX .ept for Distillers Union
Pacific AtChison and General Electric which
gained l40t per cent Some of the specialties
show wide changes on lighC transactions.
Lead preferred is up ., while American To
bacco preferred is down az TO 90. Railway
and miscellaneous bonds were weak.
The closing bids We're: