The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-03
MARKETS BY TELEGRAPH.
Financial.

New York, May >, noOn.-The following
were the opening quotations:
Chicago and Northwestern..........
Lake Shore. ........-...............I2 ~
Norfolk and Western preferred ......... 313s
Richmond and West Point Terminal. .... ~
New York, May 2-P. Mooney on cali
easy ranging from to 4 per cent. closing
offered at per cent; prime mercantile paper
q to per cent. Sterling exchange steady;
posted rates s. S6196l4 500; commercial bills
81 S4A64 88. Government bonds steady. State
bonds dull. Railroad bonds weak.
New York, May 2.-1he bears were again
in control at the Stock Exchange to-day, and
succeeded in bringing about further mate
rial decline in prices for some stock. The
opening quotations were AWl per cent. above
the closing figures of last night, chiefly the
consequence of the receipt Of buying orders
from London, but reaction soon set in, and
for time great depression prevailed in the
industrial group. In some instances quota
tionS were the lowest touched for many
months American Tobacco broke ~, Iowa
Central preferred 62. General Electric 81,
Manhattan 3I5 CordaCe 34. Pittsburg and
Western preferred ,, Consolidated IA, Omaha
33s. American Sugar pa, Hooking Coal and
Iron and National Lead 2ls. American Cotton
Oil . Baltimore and Ohio ,. Chicago Gas ?,
Toledo, Ann Arbor and North Michigan ?
Cordage preferred 1875. Evansville and
Terre Haute IA, Missouri Pacific
01,ffl " and and Rubber IL. The drmncss
of sterling exchange. the fear of further gold
shipments and light money materially as
sisted the downward movement. drop in
prices brought out long stock held by timid
and financially weak operators. but selling for
short account was also heavy, ana the out
standing short interest is now heavier than
for a long time. During the afternoon
steadier tone prevailed and although fluctua
tons were frequent the tendency Of prices in
the main was upward The advance from the
lowest was equal to 1f01ls per cent. Sales Of
listed stocks 2s4 900 shares. unlisted $1,000,
The following were the closing bids:
Atchison. T & 5. F. 307s N. Y. Central.,...lO4
Baltimore & Ohio. Sl24N. J. Central. ll21a
Canada Pacific. S23l INorf Il Westp fd. 305s
Chps X Ohio. u 4 Northern Pacific. 15k
Chicago b. & O.. 9OiaI do preferred. 3oA
Cbicago & Alton 40 Northwestern ....ll0
Cotton Oil ..... ~ do preferred 1914
Cotton Oil pref. - Pacific Mai 900. ls,s
Igast Tennessee . 2i5IReading. .......... p =
do do do pref 20 Richmd Tminal 7l5
Erie ........... pos Rock Island. 1854
Erie preferred. . lllaISt. Paul. ....... 76is
illinois Central 1O0ll st. Paul pref......tlsla
DeI Lack 4 ". ..l4I5 Silver Certificates S44
Lake Erie q W. 20 Sugar Refinery. "a
do do pref. 74t5 do do pref. %
Lake shore 49,. 1857 Tenn. Coal Iron. 1914
I'ville & Nash. 72taI do DO pret .<o3
Memphis a. Chat. 20 IIeHas Haclnc-.... ia
Michigan Centrall O217 Union Paclnc..... 52-s
Missouri Pacific. 81 e WABASH gee. va
Nozzle 4 Ohio. 23%iWabash prefd.. 1884
Nash. G. & st. L.. 80 western Cnlon... soc
STATE BONDS.
Alabama. class A. 1O2 Tennessee. olds... --
Alabama class lO3 Tenn. new set IS l0iI
Alabama, class G. Tenn. new set 9s.l n
Louisiana cons Is. glhlTenn. new set Is t21a
North Carolina IS. % Virginia os..-..... %
North Carolina 6s l26 do ex-mat.coup. 81
$ Caro- Browns. Virginia consols.. --
GOVERNMENT BONDS.
United states As, registered. -..........l l2'7
United States Is, coupons .......'........ll2t
United states 2s.,....... ...........-.... w
asked.
New York. Nav 2-Sub-treasury balances:
Coin, se0sl5OOO currency, slo&33OD0
Cotton.
Liverpool May Moon. Cotton opened
with Increased demand ana only moderate
business prices hardening American mid