The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-13
MARKETS BY TELEGRAPH.


new IOTk, OcJ. Il, 4 p. m.-MOQ6Y on call
has been easy, ranging from to "a per cent.
Last loan at per cent, and at closing of
day per cent.
Prime mercantile paper, Gao per cent.
Sterling exchange Is steady, with actual
business in bankers bills at a. 851l for sixty
days; posted rates 81 S4G04 S.
Commercial bills "a S1240D482.
Silver certificates 73&0li3Rc.
The total sales of stocks to-day were 1872 300
shares.
Government bonds steady. State bonds
inactive. Railroad bonds firm.
Silver at the Stock Exchange to-day was
neglected.
New York. Oct. ~ noon.-The following
were the opening quotations:
Erie Observation-Disclosures. 1874
Chicago and Northwestern. ...............lO 1913
Lake Shore. Observation-Disclosures. 1884
Norfolk and Western preferred ......... 27
Richmond and West Point Terminal. .... 2B
Western Union. ................... 3S
New York Oct. l2.-While it is possibly en-
tirely true that all speculative eyes are turned
on Washington. and that the dealings on the
stock exchange are IA Eely the reflection on
the hopes and fears of the silver question
there was little in the situation of affairs at
the capitol to account for the buoyant tone of
the market which to-day was a law unto
itself. The governing influences were special
in their nature. but the effect was pretty gen
eral, and nearly all of the shares traded in
shared to some extent in the improvement en-
gineered by the operators in the industrials
which led the markets both in strength and
activity. The railroad list was sadly neg
lected in the morning and really played
second fiddle all day, while Whisky, Sugar,
Chicago Gas, Cordage and General Electric
kept to the front, Just one-half OF the total
sales being Of industrial Stocks. The opera
lions in the fancies were said to be for &C
count very largely of insiders in the respect
i've companies Whisky being bought on
renewed reports OF improved prospects
OF the company, Sugar on reports Of
Washington. based on favorable tariff
legislation. COrdage on the announcement that
the long delayed receivers r5Ioct was about
to be issued and that all the difficulties which
the reorganization committee had met with
had been overcome, and Lead on a report that
even though dividend might not be de-
clared, the company had earned the money to
pay it. The grangers, which we're tritie
weaker at the opening on the crop report,
were LITE / out of the depression by the bull
movement in the industrial5, which held al
most everything on the list, except Union
Pacific. in the early trading. The up
ward movement continued in force, with
occasional slight reactions, due to realiZa-
tions OF profits. until about the middle Of the
afternoon when. owing to lack OF sustaining
Influences of new purchases rather than to
any pronounced selling, there was a frac-
tiGual decline In the late dealings there
was a recovery on a light volume of business,
and a strong undertone was prevalent at the
close with prices l4dl2s per cent higher for
the active list. the latter in Whisky, II in
Missouri Pacific, IA in Pacific Mail and Lake
shore Some Of the inactive shares made
material advances. The railroad and mtsCel-
laneous bond market were irregular on active
trading.