The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-12-28
MARKETS BY TELEGRAPH.



New York Dec. 81. 4 p. m.-Money on call
has been a drug, ranging from fiat to 1 per
cent The last loan was at l. and at the clos
ing was offered at l.
Prime mercantile paper, 404h per cent
Bar silver 631ac.
Mexican dollars SOC.
Sterling exchange weak, with actual bus
mess in bankers bills at 81 S31R04 634 for
sixty days and 81 s51a@4 S52l for demand
posted rates 81 84014 S61a.
Commercial bills "a s1l64 81 for sixty
days and S4S41aGD4 84az for demand
Government bonds steady. State bonds
dull. Railroad bonds steady.
Silver at the Stock Exchange to-day was
neglected.
Treasury balances-Coin, S61, 1853 900; cur
rency, d2S $4,000.
New York Dec. %. noon.-The following
werethe opening quotations:
Chicago and Northwestern........ 985a
Lake Shore Observation-Disclosures. IL
Norfolk and Western preferred .......,.. 1884
Richmond and West Point Terminal. pa
Western Union. .............,..... S24
New York Dec. q. Before the opening Of
business at the Stock Exchange it was gen.
arally believed that the New England road
would be placed in the hands of a receiver,
but Notwithstanding this the market. outside
of New England and few other issues, held
reasonably we'll The tirmness OF the gen
eral list was due, in great measure, to the
way London accepted the Atchlson receiver
ship. Prices for American securities received
before the opening of business showed mod
crate advances all along the line. The only
stocks on the list that did not sympathlZe
were New England, Louisville and Nashville
and General Electric. New England broke
3A to IL and rallied to 1873 a. l34, net loss OF
2per cent for the day. Heavy loads OF the
stock were thrown overheard and Boston.
Philadelphia and local holders were eager sell
lers General Electric. however,
scored the greatest decline, falling from 318
to 3l4, with subse luent rally to 3d. All
f1r1f aVr
the property were revived. Boston was
free seller and there we're rumors from that
city about startling developments in short
time. Nothing definite could be obtained
about the matter. The Louisville and Nash
vile was depressed, falling from 4618 to 434
144. This stock was weakened by unot1cial
statements that the company VIII not pay
any dividend for the current SIX months.
London, which usually has early information
on the stock also had this story IN an I'M
official form. The acquisition oil the Chesa-
peake, Ohio and southwestern is not consld-
cred a bull argument on Louisville In some
quarters and in consequence long stocks
keep coming out. The other prominent
stocks cut away from those men
enioyed an upward turn. In this movement
the Changers, Whisky, Chicago Gas, Della
ware and Hudson, Western Union and Lead
we're most conspicuous: The active issues
show gains for the day of a to ~, with Bur
lington and Quincy in the lead. New Eng
land Louisville and Nashville and General
Electric declined 20135s per cent. In the
specialties Cordage securities were higher on
the completion Of the reorganization OF the
company. The common rose from 1914 to 20.
and the preferred from "A = to %. The total
transactions were $4,000 shares. of which
Is OOO shares were General Electric $1,000
shares New England and 900 shares Louis
willie and Nashville. Whisky, after breaking
fss to 1885. rose steadily to 221a on buying Tor
western account The market closed hrmer
in tone Railway and miscellaneous bonds
were weak.
closing bids were.