The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-06
MARKETS BY TELEGRAPH.


New York Sept. 5. noon.-The following
we're the opening quotations:
Erie observation-disclosures. lOl4
Chicago and Northwestern. 1914
Norfolk and Western preferred ......... p
Richmond and West Point Terminal. 2ls
New York, sept s. 4 p. m.-Money on can
easy, ranging from goa per cent last loan at
? per cent, and closing offered at per cent.
Prime mercantile paper 80l2 per cent Bar
silver 73c; Mexican dollars 5812c
Sterling exchange IS timr, with actual
business in bankers bills at 81 S2aG14 1924
for sixty days and 81 S6Gg4 S69 for demand;
posted rates 81 84la@4 81.
Commercial bills "a s0laa4 s514. Govern
ment bonds firm. State bonds dull. Rall-
road bonds firm.
The sales of silver at the stock exchange
to-day were p 900 ounces at 73c.
New York, Sept. 5.-Irregularity marked
the course Of prices at the stock exchange
during the first two hours Of business. The
opening was rather ragged some stock show
ing an advance while Others scored declines.
Other reactionary tendencies in certain parts
of the list we're due to selling by holders, who
were of the opinion that Saturday advance
was entirely too rapid to hold Considerable
stock came from this quarter, resulting, as Is
stated Tbe o S1gr Oh we're ea'i a5
sorbed about midday, however when it
was seen that Notwithstanding the oltpour-
ing OF stock the impression made was unlm-
portant What made TINS all the more Slgnlh-
cant was that the market held It's own IN the
face of the unfaVoraGle August statement of
the st. Paul, LOuisvilleal Nashville and Den
yer and Oio Grande in the case of the latter
the gross earnings were only Sl69.3 against
SJ3l o. 0 for the corresponding month IN 1892.
The enormous falling of is attributed to the
fact that the Masonic conelave was held in
Denver in 1892 AS to the heavy decrease
made by st. Paul and Louisville and
Nashville and a few OF the minor
roads no official explanation was made, and
the ttulug of IS due to causes which have
Teen operating for sometime. The market,
however. proved superior to poor railroad
rArnings md selling by conservative holders
in [ nc afternoon fairly doomed. To the sur
n tse Oh the GEAR crowd and those who have
be- predicting that the upward movement
wds not warranted by the conditions.
prices founded up 2 per cent. at q time in
some instances. The gain was
properties recently alleged to have been in
dan1cr of reoeiverships. Of these General
tle stric was conspicuous case. The stock
rose from 42as to 41ia with difference OF 4
me-, cent between sales Other notable gains
wore Pullman Pala e Car ,; Sugar q; Sugar
Drofsrreu Az: American Cotton OIL preferred
AZ. American Tobacco A. ; American To accO
preferred (: Burlington and quincy ~; Ont
tago l,as 81; Rhode Island 2ia; Colorado
81: LacKawanna Pa; Edison Hlumln-
ating 81: LaClede Gas preferred
:. Touisviile and Nashville and
frie preferred 33t Reading 5's; Rubber
preferred "a: Western Union 2ia; ana W heel-
fnra and T.. f. preferred , .. In some quarters
the rise was ascrioed to purchases by bears
who desired TO limit their losses. The
ete, 4tion of these stop loss orders was
nm important element in bringing about
the advance. 1t was also currently feporUeu