The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-01

chases to cover short contracts re-
coNery to SSsGfS43s ensued. In some quar-
ters there was disposition to criticise
President Havemeyer and IL was stated
that his action at this time was due
mainly to a desire TO influence congress
and head of the movement to place
sugar on the free list. Independent re-
liners. however. assert that the business
has been anything but profitable of late,
and that Havemeyer was justified by trade
conditions in closing up the refineries.
Disullers was another weak spot in the
early trading, and on the announce
ment of the proposed reorganization the
price dropped from TO IA. Chicago Gas
was now taken in hand and under pres
sure of long stock fell to 6924. Tobacco
broke 5 to 80 and later rallied to 9094@9Oia.
The heaviness OF the industrial group
was due in a great measure to rumor
that there had been "a defalcation in one
or the trusts. American Tobacco was said
TO nave been the sufferer, but this was
officially denied. 1t is intmated that there
has been defalcation, but that the Sc
curlties OF the concern involved are not
dealt in at the stock exchange. The rail-
way list was weak at the start. but when
improved "a to "A per cent. Subsequently
the selling of the Changers was resumed
on large scale. The October state
ment of the Burlington and Quincy was
considered favorable at first, but when
analyzed It was discovered that the road
had been operated for 1928 per cent, and
this created a more bearish feeling The
selling which followed the publication of
the statement carried Burlington and
NAAiltN hbMA iAN 10 hoN4s 81 Idul - 10
5lla Northwestern q to %, Rock Island
IS to CO.'S and St. Paul and Omaha u to
81 New Jersey Central was heavy and
fell about points TO 92is; Manhattan sold
S6i4, Southern Railway preferred 1M to
35A, Pan Handle preferred 3h to A2al,
oregon Improvement to 1912 and To-
ledo, Ann Arbor and North Michigan ~
to "a. The weakness of the last named
was due to the claim that the road will
be reorganZed entirely in the interest OF
nOnGnOlGCFg. The sterling exchange
ket continues strong, with rates danger
ously near the gold exporting point. IL
is said that some of the shippers expect
to forward gold next week Money was
more active, however, and this may pre-
vent shipments of the yellow metal, not
wthstanding the predictions. Stocks
Is TO rs per cent. Tobacco lost AS, Lake
Shore gained Is. The total sales We're
American Sugar. The bond market was
weak. The sales of listed stocks aggre-
gated 10000 shares; unlisted, $1,000 shares.
The quotations at the closing were as fol-
lows:
American Cotton OIL, 27h; do preferred,
71l2M72l2; Sugar Refinery, S31s; do pre-
preferred, lOi; Atchison, 7. and S. r., s;
Baltimore and Ohio, g.; Canada Pacific, 60;
Chesapeake and Ohio, 17la; Chicago and
Alton, 14l Chicago, b. and O.. 6S&;
1891; Distllers and Cattle Feeders, 81;
Erie, ll$s; do preferred, "a; Edison General
Electric, 342i Illinois central, ~; Lake
Erie and w. 16; do preferred, 69ib; Lake
Shore 1888; Louisville and Nashville 532s;
Louisville and N. A, So; Manhattan, 104M;
Memphis and Charleston, 10; Michigan
Central, 97%; Missouri Pacific 24h Mobile
and Ohio, II; Nashville, c. and ST. L., 65;
United States Cordage, Sls; do preferred,
14A New Jersey Central, 1924 New York
Central, 9S9s; N. Y. and N. e, 3Oh; Nor
folk and Western preferred, 2l1z; Northern
Pacific, Az do preferred 179s Northwest
ern, 97A; do preferred, 14l12; Pacific Mail,
2l%; Reading, 152s; Richmond Terminal,
1873; Rock Island, $685. St. Paul. SIS;
do preferred, III; Silver Certificates. 62h
Tennessee Coal and Iron, 141z; do pre-
ferred, 20 asked; Texas Pacific. 93s; Union
Pacific, ia; Wabash, S. l.. and p, 6k:
do preferred, IA; Western Union, S6h;
Wheeling and l.. E.. 1l7s; do preferred, 1884
Southern Railway IS, S7B; do common,
11is: do preferred. 35A.
State Bonds-Alabama A, 1885, do b,
1916; do c, 921a bid; Louisiana Stamped As,
100; North Carolina As, 102; do 6s, 1874; Ten
nessee olds, 60 bid; do new set IS, -; do
new set SIS, -; do new set 3s. 81; Virginia
Gs preferred, 50 do Trust Receipts, 9: do
Funding Debt, 5SA; South Carolina 4lss,
10lik
Government Bonds-United States As.
registered, us; do As, coupons, ll6; do Is,
registered, 81.