The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-04-30
MARKETS BY TELEGRAPH.
Financial.

Atlanta Ca. April 29-The clearings of
the associated banks for the week were
81 600 SD.
New York. April %. noon.-The following
were the opening quotations:
Chicago and Northwestern. .............
Lake Shore Observation-Disclosures. l21A
Norfolk and Western preferred .-..... 31&
Richmond and West Point Terminal. 50
Western Union Observation-Disclosures. S9J{
New York. April 29-P. M.-Money on cal
nominally at per cent; prime mercantile
paper SO to per cent. Sterling exchange
steady; posted rates 81 S66l4 50; commercial
bills 81 84l304 S7i5. Government bonds firmer.
State bonds dull. Railroad bonds weaker
New York, April pa fair amount of bust
ness was done at the Stock Exchange for a
half holiday. The temper of speculation was
decidedly beariSh owing to the expectation of
big loss in the bank reserve and receiver
snip proceedings in the case Of the Toledo,
Ann ArbOr and North Michigan road. The
stock OF the latter broke to l0li. but closed at
II. Richmond Terminal preferred opened 4
lower than last night, at 30, and after break
ing to y, rallied to 2814. Manhattan dropped
"a per cent to 1914 and recovered to 146.
National Cordage common declined "a to
25A, and Chicago Gas IN to 81
others We're freely sold. Buyers found il
more difficult to make some impression on
prices as in the cases just alluded to- In a
majority OF instances losses were I{G1l per
cent. There were several rallies, none of
tnem, however, very pronounced The fact
bankS-S2 627 ,O50-was much less than gener-
ally expected led TO some covering Of short
contracts near the close and prices rallied 4
TO u per cent. from the lowest, but the tone
Of the market was weak. Monday will be a
holiday in Chicago and London, and this in
huenced some Of the smaller operators, who
had stocks, to sell them out. The outstanding
short Interest is heavy in nearly all the
prominent shares. Sales of listed stocks 49,
600, shares, unlisted 1900.
The following were the closing bids:
Atcn1gOn X
baltimore Ohio. S4HlN. J. Central. Lilo
Canada Pacific. - Norf g. West. pfd. 317s
CheS. & Ohio. ..... 249{I Northern Pacific 1917
Chicago, b. a. O.. 93%I do preferred asa
Chicago & Alton l4d Northwestern $500 1lIZ
Cotton on ........ 433iI do preferred. l40
Cotton OH pref. rs Pacific Mail. ..... 20
do do pref. 20 R sf1Gid Tminai 8 sc
Erie ,..,........... POS Rock Island....... Slas
Eric preferred. 49,. As st PAU. .......... NJ
Illinois Central 102 st Paul pref. 1917
Dol. Lack W..,li2A Silver Certificates SO
Lake Erie W.. Ply Sugar Refinery 1907
do do pref 56]4 do do pref o6X
Lake shore. i27a{ Tenn. Coal & Iron 1917
Lville x Nash ... 123tI do do pref s.
Memphis x Char. $40 Texas Pacific. "a,
Michigan Central10t Union Pacific. 36
missouri Pacific. a Wabash. .......... Oh
Mobile & Ohio. % Wabash pref'd $500 1917
Nash, G. q ST L.. So Western Union. Sg4l
STATE BONDS.
Alabama, class 102 Tennessee Odds. GO
Alabama. class B los Tenn, new set, Is 1919
ENldudAlds CLASS T. 70 Ilenn,, new set. rs 100
Louisiana cons Is 94iR Tom. new set. IS "a
North Carolna4 Is 80 Virginia 6s........ 80
North Carolina is l22 do eX-mat. coup SO
=. Caro- Browns 1901 lNirginia consols. 50
GOVERNMENT BONDS
United States Is, registered. ...........Il2si
United States IS coupons ................ll2I
United states ..................t 800
*3id
New York. April % Sub-trcasurv balances:
Coin, sdOlil 900. currency sl6iS7 900
The weekly statement of the associated
banks, issued boy the clearing house TO day.
shows the following changes:
Reserve decreased ....................s 81 627 $50
Loans decreased Observation-Disclosures. SU1s 100
Specie decreased .................... 1851 zoo
Legal tenders decreased. ............ 3,2l7 500