The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-02-18
MARKETS BY TELEGRAPH.
FINANCIAL.
FINANCIAL.
Ew YORK.. Feb. q, noon.-The following


NEW YoRK. Feb. q, noon-The following
were the opening quotations:
Erie Observation-Disclosures. 25
Hake onore
Northwestern ................... ll2l4
Norfolk and Western preferred ........ S6lS
Richmond and West Point Terminal. 9A
New YoRK, Feb. II. $500 p. m.-Money
on call sitter, ranging from 3lD3 per cent.
closing offered at per cent. prime mercantile
paper sos per cent Sterling exchange closed
quiet am easier; posted rates, 81 S1lh6a4 s911;
commercial bills, 81 666l4 IS. Government
bonds dull aad easier. Southern state bonds
neglected. Railroad bonds active but heavy.
New YoRK, Feb. 1.-THE stock market to-
day was remarkable one, not only for the
volume of business transacted but for the width
OF the fluctuations and the rather neutral re suit
OF the days operations. BeRrsiWere out in full
force and made one OF the most vigorous drives
Of the season against Reading and leading in
dustrial shares, but at the close of the day only
Reading. New England and Cordags showed
any material loss, while there were few
important gains, and among the general rail-
road list changes were about equally divided
betwesn gains and losses of small fractions
Reading opened 4G9S aud steadily teclined to
4O9s, and though IL rallied TO d. fai ed TO hold
the Improvement and closed at 40z6. net loss
of s9s per cent. for the day. while the transac-
lions reached the enormous total of over 400, o 70
shares. New England opened at 46 and at
on time sold up to 1914. but from that point re-
tired rapidly TO 4lA rallying to g3H at the
close, net loss of 21& The early efforts OF the
bears were directed largely against Sugar and
Cordage, and the former was driven down
per cent. to ~, while the latter, after opening at
81, retired to ON. The declines IN these stocks
were accompanied by rumOrs OF a disagreement
10 the Cordage pool as TO the amount OF stock
to be accumulated and of the pool liquidation
in Sugar. while certainly both were without sup
port or any kind. The manipulators of these
stocks, however, took hold of them later in the
day, and Sugar was brought to 1875, and Cordage
from 615 to 4414 Sugar finally crossed at l:41
with gam of "a per cent, but Corr
age was "a loner. The rest OF the
lndustrials sympathized on a scale with these
leaders and their final changes are in all cases
insignificant, with the exception OF Tobacco
which closed with gain Of rs per cent, which
was entirely in the nature OF a rally from its
late depression Railroad shares were fairly
well held, but were compelled to yield to the
influence Of these sharp declines and despite
the support given by London buying
Of St Paul. Louisville and others among
its favorites. the whole list was brought down
from II to d per ce1t. With the appearance of
support in Sugar and Cordaye traders quickly
got over to the long side, and from that time
worked diligently for rallJ. Manhattan was
shifted about with its usual sharpness, but
finally closed per cent. higher at 1904 The
market remained extremely active right up to
the close, W ich, however. was quite unsettled
and evidently under the influence OF weakness
in Reading. Sales Of listed 73S,0O0 shares; un-
listed shares l62, 100.
81