The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-05-23
MARKETS BY TELEGRAPH.


Financial
New York May %. 4 p. Mooney on call
Is quiet at per cent. The last loan was at |
per cent, and az the closing was offered at /
Prime mercantile paper, S]4dS4 per cent
Bar silver 697sc.
sterling exchange is firm. with actual bust
ness In bankers bills at "a 81 "a S734 for sixty
days and 81 S>5l84 81 tor demand; posted
rates 81 SSl&G4 80.
Commerc1Si bills q S59l0ts7 for sixty
days
Government bonds firm. State bonds duh.
Railroad bonds stconge~.
Silver at ths Stock Exchange to-day was
New York, May 22.-The following were
the opening Quotations at the stock Exchange
to-day;
Er 1917
Chicago and Northwestern. .............. 1878
Norfolk and Western preferred .... 20
Rlchmondand West Point Terminal. .... "a
western u MON. .......-..... ....... 50
New York, May American Sugar proved
TO be the sensation at the StOik Exchange to-
day, fully $4,000 shares having been traded in
out of a total of 309S65 shares The stock
opened a g65a advanced to 9758. fell to 95 a
jumped to 100. reCeded to 9714, and closed at
G9's. Yesterday the stock sold as low as 92Il
The rise to day was due to the formation of
new pool to squeeze the short interest. which
has been rather confident Of its ability to
was also due in part to reports from Wash
ington that the sugar schedule will pass
the Senate as 1t is incorporated in
the so-caued German bill Chicago Gas
was also decidedly active nearly So OO0shares
changing hands The stock ranged from 673a
to 6914 and closed at a out the top of the day.
Judge Winds decision in the matter of the
Molonev quo warranto proceedings brought
against the American Tobacco Company was
considered indicative of the disposition OF
the Chicago Gas matter when the question
comes up for settlement. American Tobacco
rose to s. on the Winds decision just referred
to. General Electric was decidedly heavy,
falling from 36A to 33la and closing at the
lowest figure The stock was depre ssed on
the alleged inability of the directors to make
good the impairment of the company's CAPT.
tai. Until this is accomplished dividends
cannot be paid. Lead was firm for a time.
but later weakened and closed practically
unchanged. Pullman Palace fell four points
to l5S and then recovered to 80, on the denial
of the report of the serious illness of George
NJ. Pullman. The railway list was weak in
the early trading in sympathy with London.
Subsequently, recovery ensued, The stocks
of bankrupt roads then sold of rapidly,
Union Pacific falling to l4A Atchison to 914,
Northern Pacific preferred to 1875 and Read
ing o l47s. When Sugar rose to par, how
ever, the shorts rushed to cover and their
purchases helped an advance. Houses usu-
ally operating for a leading bear had
which they have been borrowing
for some time past, and this added to the dis
comforture of the smaller holders in shorts.
SUGAR receded , points near the close, and for
time there was a disposition to turn profits
on the long side into cash. At the close how
ever, tirmer tone prevailed, except for Gen
eral Electric, which was positively weak. |
Net changes for the day show gains of "a to
ga per cent. General Electric lost ga Pull |
man Palace 2, and Uuited States Rubber pre-
ferred. T. National Starch, first preferred.
rose to 5; the bond market trmer. Sales
listed stocks were 207,J0O shares unlisted,
102 0{0 shares,
The quotations at the closing were as fol
lows
ANN Cotton OH. q Missouri Pacific. 24%
do pref ........ 67f Mobile q Ohio. Is
Sugar Refinery .. 999R Nash, c. s. St. L.. 70
do pref ........ 9l4 Natl Cordage... &c. PIX
do pre- pref 98,4 IN. J. Central. ~. i0S
Atchlson. II. & ST. ga n. Y. Central. .... 97% |
Baltimore Ohio. 60 N. Y, & N. E.. 4 Y
Canada Pacific. 65l4 Mort. s. West pfd.. p
Ches. s. Ohio 49,. l7ls Northcru Poetic. 80 |
Chicago & Alton. iS9 do preferred. 1894 |
Chicago, b. & O.. 76S Northwestern 1914 |
Chicago Gas -. 69}s do preferred. l4O
Del, Lack & w I5SM Pacific Mail. 49,. II
R Rss Toa aa sss9 R faa3 fminai i io
do pref ...... II Rock Island ..... 665a |
Erie. .............. 10 St Psul........... SIN
do pref. 26A do pref.
Ed Gen. Electric S313 Silver Certif s m Ga
Illinois Central. 901a Tenn. Coal& Iron. 16% |
Lake Erie & W.. HA do do pref. G5
do pref........ G6% Texas Pacific. 80. "a |
Lake Shore 49,. 12l26 Union Pacific. 14S |
L'ville & Nash 44IE IW'oash, ). L. &P 6% |
Louisville & n. A. ~ do do pref. 14A |
Manhattan. 80. l16Ie Western Union. 50
Memphis s. Char. Wheeling & L. E. 9I !
Central. 90 do do pref 40
STATE BONDS.
Alabama A..... 100 Tenn, new set. Is 1902
do B.............103 Tenn. new set. IS 101
do C............ "a Tenn. new set. 3s 7J1% |
Ea. stamped Is. 10O Virginia 6s pref. 30
NorthCarolinal Is 98I5 Va Trust Reefs IS
IS i22 Va Fundg Debt. 59% |
dds. 90
GOVERNMENT BONOS
United States IS, reg stored. ..........1134 |
UnitedStates Is, coupons ............... II 80 |
United Sta;eS 2s. regis red.....,...... 90
asked. ibid.
New York Nay 22.-Treasury balances
to-day we're as follows: Com, $50, a5S ,OOO cur
rency $55, 900,
Grain. Provisions, Etc.
New York, May 22.-Flour duh and about |
steady; winter wheat, low grades, 81 600 |
2 50; fair 10 fancy 81 50052 95, ditto patents |
So 1908 30; Minnesota patents 50 2094 10: |
Minnesota clear az IS az IS: low extras 81 80 |
a. 80; southern -four dun. steady; common 10 !
fair extra g. 00G3 Co., good to choice extras /
s. 1908 80. Wheat dull. lower, closing weak:
No. 2 red in store and elevator, 81 4 05714c:
ahoat 571a llj72lc; options were fairly active
and weak atBMlc decline; No red closed
May 57&c; July 5Sbc August COO. Corn dull
and weaker; No. 43c Ia elevator; 42ate2
&c ahoat: steamer mixed a425ac; options
moderately active and steady, with prices
and a local trade; May e35sc; June
42Jlc; July 434c. Oats tirmer; options dull;
MAY 39l5c: June 3sHc: July 354c; spot No. ,,
30 a39sic; No, = white 43l4c; mixed west
ern I00Ilc: white western 43847c. Hay was
steady with fair demand shipping 65D65c;
good 10 choice 606190c. Beef quiet. steady; |