The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-17
MARKETS BY TELEGRAPH.
Financial.


New York. May l6. 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, 89494 per cent
Sterling exchange is firm, with actual BUSH
ness in bankers bills at a S14 "a 81 for sixty
days and ST. st404 81 for demands; posted
Commercial bills 81 s31l@4s7 for sixty
days
Government bonds lower. State bonds dull.
Silver at the Stock Exchange to-day was
New York, May 16.-The following were
the opening quotations at the Stock Exchange
to-day:
Chicago and Northwestern. l0s
Norfolk and Western preterre l. gee. 20H
Richmondand West Point Terminal.
Western u n1on.... ............. --.,... 1875
New York May 16.-Lower prices were the
rule at the Stock Exchange to-day. The
bears had it all their own way. The bulls
made but q feeble resistance to their attacks
The factors favoring these operating for
lower prices were the engagements OF G3,2OO,-
900 gold for shipment to Europe, the inter
minable tariff discussion at washington. the
likelihood of heavy assessment on STOCKS OF
roads now in the hands Of reorganization
committees, the rate troubles at the west, the
low prices for wheat. ana last. but not least
lQulQatlOQ Dy urea lOlOtES, Az Inc OpGuIuR
brokers identified with the leading Lears
were lii eral sellers OF the lnduStrlas,
and London at the same time disposed
of some of its specialties. The acquisition of
the south Carolina road by the Parsons inter
est was not received favorauly by the holders
of Louisville and Nashville and the stock fell
to 46 Sugar however, was the WEAKEST
stock in the early trading, dropping from lOjts
to l039{. he opinion is growing that the com
pany will ha ;e to night its battle over again
in the House. even If the present scheQules
snould happen to pass the Senate Oth9r
narticularlV weak issues were Chicago Gas,St.
Paul Western Mon Lead and Stocks IN the
hands OF reorganization committees and re-
cetvers. like New England, Union and North
ern Pacific AMI AtchisOn. The declaration OF
the regular quarterly dividend by the Bur
lington an Quincy led TO a lively covering
movement in that stock, which rallied from
T7T5 10 7SJ[ This rally was what checked
the selling IN the general nso To-
a time and Sugar recovered TO luis; chicago
Gas 10 661s. and other leading issues Il 10 u
nert cent In the last hour, however. drive
was made against the whole list but 1T. Paul.
and Lead bore the brunt OF the attack 81
paul fell to SO. and Lead to 364. ! he decline
in the last named was accompanied oy rumors
thai the dividend question will not come up
for n, lion tomorrow. In the late decline
nearly every stock on the list got down to the
lowest of the day, and the market closed
weak and u to pa per cent below yesterday
finals At the close, however, there was,
good orrowing demand for stocks whlch IN
dIcates a material lnt rease in the snort inter-
est ~aies OF listed stocks OOU shares un-
listed g. 900 shares Railway and mlsceIla-
neous bonds were weak. .ol
The quotations at the closing we're as tol-
lows: 80,
Ann. Cotton Oil 2sll Missouri Pacific. 266'6
A. not IN Mobile q Ohio. 10