The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-05-17
MARKETS By TELEGRAPH.
Financial.


New York May 16 noon.-The following
were the opening quotations:
Erie. 1874
Chicago and Northwestern. ...............10 1906
Norfolk and Western preferred ......... 20
Richmond and West Point Terminal. .... 5%
Western Union ..................... %
New York May IS, p. m.-Money on call
easy ranging from to per cent, closing
offered at per cent; prime mercantile
paper COS per cent. Sterling exchange very
firm; posted rates 81 1904 80. Commercial bills
81 83bN4 S8j5. Government bonds steady.
State bonds dull. Railroad bonds hrIner.
New York May 16.-1he stock market was
extremely erratic in its course early in the
day and as rule, lower prices were touched,
but declines were less important than OF late.
Fresh business troubles on this side and the
failure of the City of Melbourne Bank, in
Australia, were used to depress the list, but
the bears failed to diSlodge any considerable
amount of long stock and prompt rallies oc-
Cured after each attack. The fact that no
trouble developed on the Stock Exchange here
inspired the bulls with courage ana they gave
the market much better support The ship
ment Of gold by to- morrow steamers will be
81 800 900, which is smaller sum than eX-
peCted. Money continues extremely easy on
call and this has decided erect, as the
brokers are more willing to take marginal
accounts. During the afternoon there
was good buying right through
the list and prices made a steady advance.
DistiIlers rose IL. Sugar T. St. Paul ,, Rock
Island Il Louisville and Nashville 2A, Man
haitian 81 General Electric 3. Western Union
2ll, and other stocks from ! to 2 per cent.
here was a brisk borrowing demand al
though the rates were not quite up to yester-
days highest The market closed firm with
prices within a fraction Of the highest at
tanned Sales aggregated 2S2,OO0 shares, OF
which 2S 90 were unlisted.
The following were the closing bids:
Atkinson, I. 8 ST. 25HN 7. Central .... 1908
Baltimore Ohio e n j. c tTt La l S8,,
ones n Ohio. 1955Northern Pacific. 1897
Chicago. b. & O.. s4aI do preferred. 345a
Chicago & Alton. I'D northwestern lU6A
cotton Oil ....... 361s do preferred 1885
Cotton Oil pref, "a Pacific Mail. l81a
h9 do Ie DO pTef. Is Rithmd T1minai. 5s
Jerie ..... 1881 Rock Island. 7t35
Eric ie Preferred. 80 Isl. Paul. .......... 50
Illinois Central. % ~. Paul pref. llW
Dei Lacl, & w. 1913 Silver CertihcateS+S2R
Lake Erie W. l79a sugar Rehnery. M
40 do pref GS2l do do pref. $40
7 al1e shore -... 12014 Tenn. Coal & Iron. rs
T,f,ile 4 Nash 90. 81 do do pref. 90
Memphis q Char. go i,IeXas racine ,1ss
Michigan Central. 81 Union racine. S05B
Missouri Pacific. 3IAI wabash. go. "a
Mobile & Ohio. ia wabash PREF a.. ia
Nash, G. & st. L.. SO Western Union. ei4
STATE BONDS.
Alabama, class 1927 Tennessee, Odds. eG2
Aiahama class b IOf Tenn, new set 6s 100
hiahona. class G ag5 Tenn. new set. IS 100
Louisiana cOns'ls 03HITenn.,uew set. 3s. T!ss
North Carolina Is ~ virginia os. 80. ., ~
North CarolinaG5 i2i do ez matcoup 20
\. caro- "a BrownsaIOOh Virginia consols.. 80
GOVEBNMENT BONDS.
United states Is, registered. .....,.....ll2is
Emitted States Us. coupons .lls1s
United states 2s.-.... ,-..-.... ...,....',.F'
tlito. ,
New York MAY l6.-Sub-tfoaaury balances:
coin. -f0u0OoJ. currency sl3OTOJ1
Cotton.
LIVERPOOL May tG noOn.-Cotton opened
dull Hlih free supply 0ietinfi prices
irrceisinr. American middling uplands 8l6d.
salcs 1000 bales American 600 bales specu-
nation aud export 501 bales receipts 2D1jO