The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-10-27

Sterling exchange was firm, with actual
business in bankers bills al 81. %a4 81 for
sixty days and SISIl2Q4S73 for demand !;
posted rates M.SSU4.S9.
Commercial bills ST. 65iad4s6l4,
Government bonds were strong. State
bonds were dun. Railroad bonds We're
higher.
Silver at the board was quiet.
New York, oct 26.-The treasury bal
ances to-day were as follows: Coin $76.-
00S000; currency, $553S5. 600.
New York, oct. 26.-The following were
the opening quotations at the Stock Eek
change to-day:
Chicago and Southwestern. 1903
Norfolk and Western preferred - S3i4
Richmond and West Point Terminal. .17la
western Union. OBSERVATION-DISCLOSURES. 81
Southern Railway common............ 12i2
Southern Railway preferred ............ 4l94
New York, Oct. 26.-There was a falling
off in business to-day at the stock eX-
change. the total sales having amounted
to $4,000 shares, against 81 600 shares yes
terday. Speculation opened steady and
then an Improvement in the railway list
followed. The gain made, however was
unlmportant, ranging from Is to q per
cent. London was a seller OF St Paul
during the first hour. but a local firm
took 5000 shares of the stock and this
neutraliZed the foreign liquidations. The
stock was taken, it is said, for a promi-
nent bear who has quit the Changers for
the Coaiers. The latter were again weak
and lower. The bears appear to be feel
to vigorous campaign later on, based on
the Generalization in coal prices which,
they anticipate, will follow the policy of
unlimited production. They are proceed
ing cautiously, however, as their eXpe-
rience in this group of late years has been
anything but pleasant New Jersey Cen
trail declined pa to 1929, and rallied to
1881 @l031a. Delaware and Hudson dropped
2i2 to 1854, recovered to 1854 and closed
at l26. Lackawanna fell l12 to 1929 and
Reading Is to l6]e0l6A. The sales of the
stocks We're 1850 shares. Manhattan,
after advancing q TO 1914, fell TO 1854
and recovered to 106dl06l2. In the after
noon Northwestern was run down Us to
1924, and some doubt was expressed as to
the ability Of the company to pay its
usual dividends of per cent. at the close
Of the year. Very little attention was
paid to the rumor in usually well in
formed quarters for the reason that the
bears have been predicting the same thing
about every prominent road in the coun-
try ever since the business depression set
in. The sales predicted on this so-called
Information have proven costly before this
and unless signs fail, viii again in the
case of Northwestern. Speculation left off
steady. The general list shows net losses
for the day of u to p per cent Reading
ost y, Lackawanna III and Delaware and
Hudson per cent. St. Paul gained u
and Big Four " per cent. The railway
and miscellaneous bond market closed
| higher
The quotations at the closing were as
Railroad Stocks and Bonds, Etc
American Cotton OIL 2yAC; do preferred,
7512n761a; Sugar Refinery S63s; do preferred
91H; American Tobacco, 80; do preferred,
| 1867 Atchison, T. and $. F., s.; Baltimore
and Ohio 6S; Canada Pacific, 64B; Ches-
apeake and Ohio, 1873; Chicago and Alton,
| 142; Chicago, 3. and O.. 1874 Chicago Gas,
743s; Delaware, Lack. and W., 1852; Dis
tillers and Cattle Feeders, sH; East Ten
nessee, 10i6; do preferred, II; Erie, 1874
do preferred, 26l5; Edison General Elec-
trio, 34h; Illinois Central, 30; Lake Erie
and W, 1872; do preferred, 20; Lake Shore
1917; Louisville and Nashville, 81; Lou
isville and N. A., Z; Manhattan, 1906; Mem
phis and Charleston. 10; Michigan Central
9sla; Missouri Pacific, 27A Mobile and
Ohio, 1879; Nashville, c. and st. L., S.
United States Cordage, 123; do preferred
Central, 9Sl5; n. Y. and n. p, 81 Norfolk
and Western preferred, %; Northern Pa
ciflc, AS; do preferred. II; Northwestern
1023s do preferred 1441z; Pacific Mail, 1874
Reading 1874; Richmond Terminal 17R
Rock Island, CO.'S; st. Paul, 81; do pre-
ferred 1881; Silver Certificates, Ga; Ten
nessee Coal and Iron, 1919; do preferred
7215; Texas Pacific, 97s; Union Pacific, liz
Wabash, S. l.. and p, ga; do preferred
1f3.: Western Union, S3s; Wheeling and
j. T.. ia; do preferred, 1894 Southern
Railway 5s, So; do common, l2h; do pre-
fe1red, 4l&. -
state Bonds-Alabama A, 1913; do =, 1851
do C. 9215; Louisiana stamped As, 100
North Carolina As, 101; do 6s, 1874; Tennes-
see oIds, GO; do new set 3s, 70; Virginia 6s
preferred, 81; do Trust Receipts, 81; dc
Funding Debt, s..
Government Bonds-United States As
registered, 114%4; do As, coupons, lis; do rs
registered, SO.