The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-25
MARKETS BY rELEaRAPH.
Financial.

New York, May "a. 4 p. m.-Money on call
is quiet at per cent. The last loan was at
per cent, and at the closing was offered at
per cent
Prime mercantile paper, 9A9l per cent
Bar silver oil &C.
Sterling lchanRe is easv, with actual bust.
ness In bankers bills at a. s71. "a 81 < for sixty
days and s. AGA 81 for demand; posted
rates q SS1404 o.
commercial bills a sJh94 syn for sixty
days
- Government bonds steady State bonds dull.
Ra llroad bonds seaI
Silver at the Stock Exchange to-day was
neglected.
New York, NAV 94-The following we're
the opening quotations at the Stock Exchange
to-day:
Err lax
Chicago and Northwestern 1865
Lake Shore Observation-Disclosures. 1909
Norfolksnd Western preferred ......... POS
Richmond311 West Point Terminal. -. 1l5s
Western Union. ..........,.. ....... $685.
New York, May 2i.-Liquidation in Amerf-
can Sugar and the heaviness of New York
Central were the two prominent features of
the days speculation at the stock exchange.
Sugar opened at 10iH jumped to 104Is. and
later ny easy stages. settled down to 100. and
left of at l0JT. The ways of sugar are past
finding out, and it Is generally admitted to-
night by the tailers-on at the stock exchange,
WAC were indut e1 to buy the stock yesterday
on alleged inside information from washing
ton, that the ,hedule in the latest tariff
day however there appeared 10 be
unlimited amounts of the stock for sale
and the price brought did not seem to 20 of
special consideration on the part of the
sellers. The dealing in the stock amounted
to 63, 100 shares, and the lowest figures OF the
day were made at or near the close New
York Central figured for II 400 shares an ex-
ceptionally heavy total. 1t opened at 81
moved up to g79s and fell to 9714 with the
final transaction at g5% There were rumors
atioat Of an ulfavorabls character to break
the stock at least 10 points, but the decline,
such as 1t was, was brought about by main
force. Among other things, it was
said that the soft coal strike
was bearing particularly heavy on the
company, that reduction in wages of the
roads emploS eS was contemplated, that the
dividend would be cnt and that London was
getting out These stories are given simply
TO complete the record of the day, and 1t is
but fair to state that they Obtain but little
CredenCe IN usually vel informed circles.
Chicago Gas closed s. lower on the day, at
ter selling a 50 and M. AS OF late, bull
points were freely distributed ana an idea
seems to prevail that the company has en-
lountered the worst OF its legal troubles.
sales of the stock aggregated IS 700
shares. The general market opened
firm and higher, but later declined II
10 Ia per cent, Manhattan, Lake Shore st.
Paul Burlington and Quincy, Louisville and
Nashville, Missouri Pacific and Atchlson,
Northern Pacific preferred, Western Union
and Union Pacific leading. St Paul and
Lake Shere were lower on poor earnings Of
the bankrupt roads, on fears of heavy assess
ments The market left off steady in tone.
Net changes show a loss of lsG1l5 per cent.
National Cordage rose /, preferred AZ and
Cnitel State Cordaye preferred 3 per cent.
for the day. Total sales were IS 001 shares.
he bond market was weak. The sales OF
listed stoc5s generated were 1913 900 shares;
unlisted LOCO shares.
The quotations at the closing were as fol
lows: