The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-12
MARKETS BY TELEGRAPH.
Financial.

New York. Oct. II. p. m.-Money on call
has been easy. ranging from 2 to "a per cent.
Last loan at 2 per cent and at closing of
day per cent.
Prime mercantile paper 6G9 per cent.
Bar silver 1890.
Mexican dollars 5SH
Sterling exchange Is steady, with actual
business in bankers bills at a 83Gl4 S3l4
for sixty days and 81 si24 "a 85I for demand;
posted rates 81 S4CCD4 So.
Commercial bills "a sl1a@4S 1A.
Silver certificates $3.50 nc.
Government bonds steady. State bonds
dull Railroad bonds firm
Silver at the stock Exchange today was
neglected.
Subtreasury balances: Coin, S51 ZIG, 900;
currency, s. ,365 600
New York, Oct. II. noon.-The following
were the opening quotations.
Erie. 1879
Chicago and Northwestern. 1925
Lake Shore ................ ACKNOWLEDGEMENTS. lG3
Norfolk and Western preferred ......... 81
Richmond and West Point Terminal. .... pa
western U nlon..., ACKNOWLEDGEMENTS. olA
New York Oct. 1.-THE fact that today
was to a certain extent, regarded as the be-
ginning of the end of the contest at Washing
ton between the silver and antl-sllver forces
in the Senate had more than a little to do
with the course Of speculation on the stock
exchange. In certain cliques, the continuous
session experiment was regarded as OF doubt
ful efficacy and this feeling was reflected in
selling movement which brought out con
siderable long stock, and the bears were quite
ready to take advantage of the situation and
make drive all along the line. London was
in the market too. as a seller but not to any
very large extent. though sufficient to add to
the depressing influences The September crop
report with especially poor showing Tor corn,
was also a factor in weakening the market,
and brought out some stock of the grangers.
which helped to mark down the figures.
notable exception to the general depression
was the trading IN whisky, which was Of de
cided buoyancy and led in the transactions
The bulk of the purchases was said to be for
insiders who wanted to get back the stock
parted with by reason of the trouble between
the dlstilling and distributing companies
which to-day report mad 1t, were in adjust
ment. The starting up of all trust dlstllers
and the prospective advice in the
ment in the stock. which rose from
3OA. the final figures, 10 334, with reactlon
of p per cent. make the advance for the day
: per cent. Some heavy offerings brought
out fy the rise had the effect Of causing re-
a ,tion Of a per cent. but the shares thrown
on the market were readily taken and before
/ o clock the stock had advanced p per cent.
above the opening the Improvement being
well maintained 10 the close, which was ! =
above Yesterday figures. me general market
showed very little change at the opening, but
a rush OF selling orders sent prices down
l5ffl u per cent. Missouri Pacific leading, ne
i'm unfavOra, ~ anectCd by reports OF de-
c.el-ed earnings. There vas slight advance
aluut 10. 40 o clock. witch was not, however.
OF much force. and prices quickly resumed
their downward course, the depression con
tinuirc Unchanged until toward O'Clock,
when new buyers came into the market, send
ing pri ses up H0lA5 per ,eut. but the heavi-
ness that had enCompassed the market was
NOT 10 ue shaken on. anu when tho buying
or,le-s haG been filled prices again saRged on,
tao downward tendency continuing 70
me close which was weak me CLOS
ING prices were perhaps IN d ma
i0rity OF instances. below those
clrrcut at the close or yesterday hui many
ID the active st0eks showed an advance on
the dls ~ a small fraction, lncllulhf husal;
al hI-ou General Electric Reading ana
Louisville aud Nashville lhe last named
stock. which opened no 900 advance oi
0ulesly l0-I The improvement aud men looh
an upward turn Of ", Of WhleA IL Lao '9s