The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-21
MARKETS By TELEGRAPH.
Financial.

New York Dec. 20, D. m.-Money on call
has been easy, ranging from 1lDlh per cent.
The last loan was at 1l9 and at the closing
was offered at Z.
Prime mercantile paper, 8a1G41( per cent
Bar silver zoe.
Mexican dollars 561sc.
Sterling exchange easier, with actual bus
mess in bankers bills at 81 S41a04 IS for
sixty days and "a S1G4 S713 for demand;
posted rates sIs,laQ4 So.
Commercial bills 81 S315GD4 s44 for sixty
days and 81 soG+ S61a for demand.
Government bonds steady. State bonds
dull. Railroad bonds lower.
Silver at the Stock Exchange to-day was
neglected.
Treasury balsnces-Coin, s622O6OOO; cur
rency, S2S 10000.
New York, Dec % noon.-The following
werethe opening quotations:
Erie MISREPRESENTATION. 10
Chicago and North western. ...............1O 1929
Norfolk and Western preferred -. ,..... POS
Richmond and West Point Terminal. 25s
Western Union. -.............-.... 500
New York. Dec 20.-Distilllng and Cattle
Feeding was the feature Of the share specu-
lation to day. The stock opened p S, rose to
2S54; dropped to "a, rallied 2619, fell back to
PIX and recovered to 2o4. The transactions
in The stock amounted to 81 $50 shares out Of
a total for the entire list Of 295000 shares. The
early break in Distillers was due
to reports from Washington that Secretary
Carlisle would not recommend any increase
on the tax on distilled spirits. Later, when
this was refuted by the lblication OF the
secretary annual report, advising an addi-
tional taxation of l0c per gallon, the stock
rallied sharply, as noted above. Covering OF
short contracts had something to do with the
rallya at the time The rise, however, led to
fresh sales for both accounts. General Flee
trio advanced IA to 1871, fell TO 80 ., and
recovered to 80 e. Stories were circulated to
the effect that the system was TO be dlsinte
grated and that the conditions existing
before the consolidation OF the Edison and
thomson Houston Co npanies would again
prevail. so far as capital, bonded deot. etc,
is concerned. General Electric officials here
ridiculed the rumorS. New England first
broke to 1875 under heavy pressure OF stock,
but later rose to 2i5a on adVlte from Boston
to the effect that the money for the January
interest had been deposited in bank. The
Vanderbilts were not specially Influenced by
the statement issued by the directors to-day.
Lake Shore gained = and New York Central
u during the day. while Michigan Central de-
ciined q and Canada southern u Der cent.
The Changers were in better demand, and the
best opinion is that a brig short interest
was covered up to day, In general way
Secretary Carlisle's recommendation about u
bond issue at q lower rate Of interest. had
strengthening influence. In the last hour
there was fresh selling OF LOUISVILLE ana
Nashville and AtchisOn anG Western Union,
and the stocks touched the lowest figures Tor
some time. On the other hand, General Elec-
tric and New England were
better supported. The market closed
irregular. compared with yesterdays finals.
prices showing gains OF "a 20 ~ per cent
the latter in New England. Sn4 S}. Gas'
Northwestern. Louisville and Nashville;
Western Union. Union Pacific and Linseed
oil declined "a to IA per cent. In the specldl-
ties Rio Grande and Western fell TO 10;
American Tobacco. ? to ia, and Pullman l
to l6s Railway and miscellaneous ponds