The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-24
MARKETS BY TELEGRAPH.
Financial.

New York, May %. 4 D. 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, a]404 per cent
Bar silver 62 sc.
Sterling eIchange is easy, with actual bust
ness in bankers bills at "a 871a 81 S74 for sixty
days and s. s1@4@4 81 Tor demand posted
U0mmercisi bills q s3ll@is7 for sixty
days
Government bonds dull State bonds dull.
Ra lroad bonds tive.
Silver at the Stock Exchange to-day was
neglected.
to-day:
Err e IS
Chicago and Northwestern .............. 1885,
Norfolk and Western preferred .......,. 20
Richmondand West Point rerminal..... TX
Western Unlon.... ............. ....... 50
New ork, May 23.-London purchases of
stocks estimated at fully 5000 shares.
rumors Of an early settlement OF the strike
in the bituminous coal region and a belief
that the western railway managers will de-
wise means TO prevent rate cutting through
the formation Of a cast iron pool, all tended
to advance prices at the Stock Exchange to-
day. In addition to this a certain operator
with a St Louis connection, who gained
unenviable notoriety during the late sum
mers panic, was said to he a liberal
be acting for him, were anxious buyers, and
this created the impression whether correct
or not, that they were covering short con
tracts. 1t is generally conceded that the
veteran bear operator got out of the wav
earlier in the week. At one time prices
showed advances of anywhere from u to 35s
per cent. Sugar rose 35s to 1903, Chicago Gas
2 Western Union ?, Reading %, Big Four ?,
6 s0fR Isl saR st. paai ar GasRawan ana
IL Lake Shore 2, Louisville and Nashville
ga Cordage "a, Missouri Pacific ia,
Northern Pacific preferred IS, anil
brought out long stock, and a reaction Of 4 to
Der cent took place. An attack was made
on New York Central late in the day, ana the
stock de ,llned to $50 on sales of about 5000
shares By al house usually identified with bull
interests. The transaction was set down to
hear operators. who took this means to check
the rising tendency OF the market. Manhattan
first dropped 81 to ll3 on the signing of the
Chamoer Of Commerce Rapid transit bill,
and then jumped to 1854 on covering of short
contracts. La.er sales were made at llSH0
flSE 4 he industrials were strengthened by
washington dispatches predicting the early
passage of the compromise tariff bill. Cord
age gained additional strength through the
advance in price of the company's product
and a vague rumor OF combination with out
side interests. At the close the decline Of
New York Central induced some selling
by weakened bulls, but the final
dealings were tolerably firm in tone. Net
changes show advances OF Il to 3l4 per cenV.
for the day. New York Central lost l16. In
the suec1alties Great Northern preferred ad-
yan.ed 3 pullman 3, and Wheeling and Lake
Erie preferred 3A United States Rubber
dropped to SO and rose to S91s. The sales
were $4,000 shares, of which 78,20O shares
were sugar. The bond market was active
and strong. Sales of listed stocks aggre-
gated 222 COZ shares; unlisted $1,000.
The quotations at the closing were as fol
lows: