The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-07-12
MARKETS BY TELEGRAPH.
Financial.


New York July II, noon.-The following
were the opening quotations;
Erie. .....,.-.... l114
Chicago and Northwestern. ............... IOl4
Norfolk and Western preferred .......... 20
Richmond and West Point Terminal. 25S
Western Union ..... .-...,.-.. ......-..- Il
New York, July II, p. m.-MOneY on call
active. ranging from to II per cent closing
offered at s: prime mercantile paper 6G1O
per cent. Sterling exchange weak; posted
rates 81 82IaG14 Stl4. Commercial bills 81 80
al 82i5. Government bonds strong. State
bonds dull Railroad bonds heavy.
sales Of silver at the stock exchange to-day
we're 40 600 ounces at TlA0u15c,
New York, July 1.-THE feeling OF appre-
hension and distrust which has prevailed in
stock circles for some time, was still more
pronounced to-day and the bears met with
IN usuul success in beating down prices. Sales
for London account and failures at that
center combined with the embarrassment
of western houses led to a great depression
in the stock market. The selling movement
gained momentum as the day drew to a close
when il was currently reported that leading
CAPITALIST with strong Vanderbilt affiliations
hal been forced to liquidate. The bears in
order to give color to the rumor, which was
emphatically denied, made vanderbilt stocks
special target and put down both North
west and LakeshOre 3az to 51s per cent. The
weakness extended to the entire list and
St Paul AZ. and other active stocks any
where from to 80 per cent. There was
a heavy pressure TO sell and
considerable excitement prevailed in cOnse
ouence OF the sensational rumors put afioat
Late in the afternoon there was a rally OF y
TO , per cent. on purchases 10 cover shorts,
hut the advance did not hold, and final quota
lions were about the lowest touched. There
was some buying, however, by commission
houses at lower range on account of the i'm
prOVement in the financial situation; some
Of the banks reporting a return flow of cur
rnncv from the interior Snd sterling exchange
having declined sufficiently to admit of the
imDortation of 1885, 900 in gold by l.. Won HOf-
man & Co.. which viii leave southampton to-
morrow by the steamship Trave. Among
specialtieS Colorado Fuel and Iron was offered
down to 30 sellers 90. The last previously re-
ported transactions in regular way were at
IS and los respectively. Not single sale OF
either common or preferred stock was re-
ported to-day. The total transactions We're
30 geo shares including 81 900 unlisted.
The market closed heavy in tone,
The closing bids We're:
Atcbison. T.& ST l95HN. Y. Contra. ... 98%
Baltimore& Ohio. ~ IN. j.. central. w
Canada Pacific. nv Norf & West pfd., 10
CbeS h Ohio ... Is Northern Pacific. liz
Chicago. b. & O.. 62J4I do preferred. 3OA
Chicago g. Alton. $50 northwestern W
Cotton Oil .-..... 30 do preferred, 1872
Cotton Oil pref. 6!% Pacific Mail. 1914
do do pref. 8 Richm d Tminal. pa
Erie .............. 14B Rock ISLAND. 60
Erie preferred. BE-. 81 st Paul.. COS
Illinois Central. SO st Paul pret...-.,llO
Del Lack & W...l4O .SuverCertlhcateS ~
Lake Erie q W. 10 sugar tScuHcIS 80 .o4
do do pref IS do do pref. 70
lake shore ......ll4 Tenn. Goals Iron. 1874
I'ville & Nash 6lAl do do pref .t6O
Memphis s. Char. 10 Texas Pacific. SIS
Michigan Central. 80 Union Pacific. q
Missouri Pacific. 299s WabaSh.......-. "a
Mobile & Ohio 60. 10 Wabash prefd.-. 10
Nash. C. & St. L.. 80 Western Union. 781l
STATE BONDS.
Alabama, class A 100 Tennessee, olds. so
bi9ba1n9 class b *qR Tenn, new set, is 100
Alabama. class c w Tenn. new SCI, os ~
LouisianacOnsls. % Tenn. new set.o IS. "
North Cardinals. 70 Virginia os. ...... %
North Carolina 6s l25t 40 ex -na|coqp. 80
S Caro'a Browns 100 Virginia CohsOIs.' %
GOVERNMENT BONDS.
United States Is, registered. ..'.'.....'iIi
United states As, coupons -..'....-..-l
HXsI,ed IBID.
New York July 1l.-Subtreasury balances:
Coin 500 36l 900; currency Sl5,2o''VV'.
Cotton.
Liverpool. July II, noon.-Cotton- "a moder-
ate bHs{ness. prices steady; American mid
ding uplands 4 7-lCd; sales lOOOO bales