The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-06-01
MARKETS By TELEGRAPH.
Financial.

were the opening quotations:
Erie. 17is
Chicago and Northwestern. ....,.4........lU 1 20
Lake Shore l1!i :
Norfolk and Western preferred. ......... 26%
Richmond and West Point Terminal. .... 2s
Western Union. ......... ........-... -. S2ls
New York May 81, p. m.-Money on call
has been frmer, ranging from to per cent,
last loan per cent, and closing offered at 3
per cent. prime mercantile paper steady
Sterling exchange steady; posted rates 81 81
049li5. Commercial bills "A Sl0f4 $50. Gov
ernmt mt bonds firm. State bonds dull. Rail
road h0nds firm
New York, May 3l-The stock market was
weak in spots to-day, but, generally speaking
q Timer tone characterized trading. and in q
flew instances the net gains for the day were
quite important. The improvement was due
in no small measure to the sharp recovery IN
General Electric following the official denial
of rumors which have been afioat recently
concerning the finances OF the company. The
stock after selling down from 6119 to Co.
rose rapidly until it reached 42. Finally a
reaction to 1875 ensued, and the stock went as
high as / d for use, but was easier near the
close. Some Of the bears endeavored to
corner after the price got above 40, but the
outstanding short interest is still heavy,
Sugar sold down to S52l, and subsequently
rose to 8s1l088%. Changers. although freely
hammered held up well, and St Paul, Rock
Island and Burlington left of la@ti higher
than Monday Lackawanna gained Ia, and
Jersey Central 22i on compare
lively light offerings Reading was
a
to 1a9s but closed at 1917. DistillcrS rose
from i53f to IN and receded to IS. New Eng
land was notiCeably heavy and declined from
26Is to 23Ia closing at the lowest, Pullman
broke to III and rallied to 1743l Manhattan
opencd IL lower at 129 and advanced to 1904
Speculation left ofiesteady in tone. Sales of
listed stocks 265.0)0 shares; unlisted 5000
The following were the closing bids:
Atchlson. rs ST. 25sl n. Y. Central. see. 1917
Baltimore & Ohio. ~ n. j. Central lO1%
Canada Pacific. 7G4 Norf &West. pfd *2S}
Ches & Ohio. 1884 Northern Pacihc II
Chicago B. g. O.. Sc do preferred. 3538
Chicago < Alton ,13S Northwestern lOo
Cotton Oil ....... 37@ do preferred. 1875
Cotton Oil pref II Pacific Mail ..... 1914
East Tennessee . u Reading. .......... l6la
do do do pref. Is Richmd T'minal 3
Erie ........... ~ IRock Island. 7234
Erie preferred 1861 St Paul ......... Gas
Illinois Central Q23i st. Paul pref. 1t7lS
Del. Lack & W...1l0l{ Silver Certificates S2ia
Lake Erie & W. ia Sugar Refinery $50
DO do pref. 7l2. DO do pref SIC
Lake Shore ..... 122Ll Tenn. Coal & Iron 1873
I'ville 4 Nash . G54' do do pref. rs
Memphis & Char Is Texas Pacific.
Michigan Central. % Union racine. 21eG
Missouri Pacific 38 Wabash. .......... a.
Mobile & Ohio. 20 Wabash pref d. 16I
Nash c. & St L.. So Western Union. SO
STATE BONDS.
Alabama. class A 1907 Tennessee. Odds. *62.
Alabama class BflObR Tenn, new set 0S lOJ
Alabama, class {. 80 EIenn-neW SCI "
Louisiana cons Is +91 Tenn. new SET oS- -
Mort n 'aTOllQd Is 40 ~ liz ma vs. Nv
North Carolina Is 121aI do eX mat.coup. *35
:. Caro'a Browns 1913 Virginia consols. *57
GOVERNMENT BONDS.
United States As registered. ...........ll 2A
United States IS, coupons ......-.... ll2A
United States 2s ......-............. - W
#Bid. IAShtu-
New York May 3l.-Sub-treasury balances:
Coin s53 g37 900; currency, S2O74IOo0.
Cotton.
Manchester MAY 31.-The Guardians com
nercial article says: An accumulation OF
orders and fresh India business has enllvened
Inc market Although the inquiry Is extern
siye the offers are so low that most OF the at
tennis to place orders do not meet with sue
cess. Good quality shirtings are steady low
qualities are weaker and are pressed for sale
= here have been moderate sales of dhooties,
chiefly to Calcutta Prices are IN buyers
favor. Heavy goods are steady. Returns are
weak and there is a pressure TO sell.
Liverpool May 81, noon.-Cotton opened
with better demand and improved business ~
steady prices: American middllng uplands
aid: sales 1900 bales American --- hales;
speculation and export 1000 bales; receipts
SOO0 bales-American $500 bales Futures
onened firm; further improvement now
0i,ieter: demand moderate.
Futures-American middling low mlddllng
clause May and June delivery ID; June
and .Tulv delivery 7-64d, also sold, also
II. 4 z Al A. Tplx nd AUGUST delivery