The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-03-21
MARKETS BY TELEGRAPH.



New York, March 20, p. m.-Money on call
is easy at per cent. The last loan was at /
per cent, and at the closing was offered at
per cent.
Prime mercantile paper, 31941a per cent
Sterling exchange is firm. with actual bust
ness in bankers bills at S4SHtGg4 s5la for
sixty days and 81 IS A94 81 for demand;
Commercial bills 81 SjA@4 81 for sixty
days and - esAD4 IS for demand.
Government bonds firm. State bonds dull.
Railroad bonds strong.
Silver at the Stock Exchange to-day was
neglected.
New York. March 2O.-The following were
the opening quotations at the Stock Exchange
to-day:
Ere Observation-Disclosures. ~
Chicagoan aud thwestern. .............. 1O7
Norf S Kan Western ipreierreii'.'.'.:.. 20la
Richmondan1 Wes5 Point H3rninll .... A
Western UniOn.... ..................- S43s
New York. March 2l.--After rather tame
opening. the stock market developed strength,
more especially for the Industrial group,
cOrdage, sugar. Chicago gas, lead and whisky
advancing 4 TO III per cent Cordage made
the largest gain, rising Ia to 2O&. The re-
covery in this stock was due to statements
that yesterday break to 10 was the result Of
execution of stop orders, and not material
change in the condition of the property. Chi
ca 90 gas moved up, the attack on the com
panv in the common council Of Chi
night. having fecn postponed. Lead, sugar,
and whisky ruled firm. When it was deh.
nltely stated that no gold would be exported
by tomorrow 5 European steamers. the gen
eral market made an advance OF Il to IL per
cent. Dut business was on moderate scale.
Northern Pacific issues led the list. the com
mon rising % to ga, and the preferred ia TO
2i5e London was buyer OF the bonds OF
this company while local shorts purchased the
stock After m ID lay there was Il break in
American sugar OF SEC to IS &C on reports
from Washington that the recommendations
of the senate finance committee in The mat
Ter of the sugar schedule, mad leen eXagger-
ated. and that the advantages 10
accrue to reHners were nothing nhe
the re ort has it. Again it was
said that there had been treachery
i'm the pool one memLer having sold out or
his partners. The general market, while ad-
versely affected did not decline much. In
fact the greatest reaction was less than
poiut Late in the day rumors were received
from Washington that the President hau de-
cided TO veto the seignOrage Dill II was also
repOrted VIA Boston that the tran5COntluCutal
rate war had been declared on, ard TINS. Win
sem i-oniCial statements tnat ,he hOck lslanu
win declare its usual quarterly dividend, stlm-
Mated uurchas IS and started up lively IN
Iulrv for stocks generally. j ne highest prices
Of the day were then made in the grangers,
lead Baltimore ana ohio, General Electro
Louisville and Nashville, Manhattan, MIS-
souri Pucihc. Union Pacific and western
Union Sugar met with tetter support ana
rallied TO OF. Subsequently there was a fc2e-
tion 70 sq55. New England was weak spOl.
declining at one time to go. lhe prospect OF
a heavy assessment keeps the stock weak:
The net changes for the day show gains OK
I-EiiL uer cent outside Of sugar cOrlmon'
which lost BE- and the preferred ne
total sales were 2lS. 653 shares. OF which lOo,-
900 shares we're American sugar RAILWAY
and miscellaneous bonds were strong