The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-14
Related Market Reports.

New York, Sept l3.-The features in to-
day market on the stock exchange was the
remarkable rallyiag rover Of the active list
after the successive decline which was estab-
lished by the bears. The ShOrJ interest used
its only effort to depress prices and took ad-
vantage Of every point that could be twisted
to an unfavorable light. The sudden death
of EX-GOY. Ames of Massachusetts was put
into service at once to depreSs the leaders
of the market. he having been closely idcn-
tilted with the Union Pacific Western Union
and General Electric and a heavy lender,
upon whom the large corporations frequently
drew when occasion required. Union Pacific
and General Electric we're the stocks most
freely sold on this news. the latter receding
, per cent. and rec overing per cent, and the
former selling of / % per cent. and recovering
IL per cent, mainly on buying for London
account. sugar. which is quoted eX-divldeGd
Of per cent. today, opened at decline OF
e PER cent and fell OF an additional q. In the
general market fluctuations between strength
and weakness were frequent but narrow, and
in the main the tendency was upward and
especially in the late dealings, when a strong
tone was developed and nearly every stock on
the list participated in consequence. The adj
vance Of Manhattan Consolidated followed.
Wisconsin Central gaining 2la, Louisville ana
Nashville =, Erie e and Pacific NALL per
cent. The chief declines were Norfolk and
Western preferred II. and Union Pacific
Denver and Gulf, Louisville st. Louis and
Texas, and Buffalo, Rochester and Pittsburg
each / per cent. The unccr-
taintY which prevails as TO the
senate action IN ieEdlu 10 lDe SILVER QuCS-
tion undoubtedly helps the bear side Of the
market by keeping out OF the speculation.
Many are awaiting the final solution OF the
great financial problem which is being
slowly worked out in Washington, before en-
terirg upon a campaign. Lhe trading is
overweighted by this delay of the Senate to
reach the issue and until the silver bill is
out Of the way the market Will not be out OF
its period OF nervous depression.
Chicago, Sept. ia scramble for the longs
to realize profits. was what the market
turned into to-day. Compared with last
night wheat closed lc lower corn lRc. oats
nc pork 30c. lard l2lac and ribs l5c. Wheat
at the opening was weaker aud prices about
sc lower but they rallied, prices advancing
A0%c, then declined 2l0Bc, rallied again
with some fluctuations, prices by this time
advancing 1l5c., then declining lc, advanced
sc, again 1c., aud closed &c. lower than yes
terday. The reports Of rains through large
portion of the drought stricken country had
some effect, as IL will enable farmers TO do
their fall blowing Cable advices we're little
irregular and on the whole not so favorable
The export clearances, though promising for j
time. proVedto be only fair. In corn, SchwarZ
whom the trade had been looking to, margined
up and was said to be standing out. Rains
caused the market to open with decline Of
x 81 a. and after selling up &c il worked
hack another &c. The local crowd sold but
bought back later, sending the prices up &c.
but they did not hold, again weakening down
sc and closed IS a nc lower. Oats started
weak at a a re decline. rallied 4 q 80, de-
clined "a n re and closed easy at loss Of Is
d sfc. Provisions were more active. The
downward trend OF prices was IN sympathy
with falling markets for corn and wheat.