The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-09-05
THE MORNING NEWS: SATURDAY SEPTEMBER s. 1896.

suit of heavy covering of short contracts
and increased buying for commission
house accounts. The large receipts of
gold from Europe to-day and the belief
that additional engagements of the metal
for shipment to New York will be made in
London next week was the main factor at
work. Money on call was perceptibiy
easier and transactions in time loans were
reported at fiat per cent for short dates
Belated shorts contested the rise for a
time, but In the afternoon trading, even
they were compelled to come in the mar
ket and cover their contracts. This buy
ing, with the commission business al
ready referred to, led to rise of 1A@29s
per cent. Sugar, the Changers, Louisville
and Nashville, Anthracite Coalers, Van
derbilts and Gould stocks all being promi-
nent in the upward movement. Sugar
rose to 114}4, Rock Island to 59h Burling-
ton and Quincy to 56s, st. Paul to 69%
Northwestern to 80; Louisville and Nash
vile to AIS Western Union to S0h and
Manhattan to SSlS, all the highest of the
week. The poor railway reports for the
fourth week of August reports that to-
morrows bank statement will be unfavor-
able and vague reports that the Manhat-
tan directors were discussing the advisa-
biltty of reducing the rate of dividend,
all failed to dampen the bullish ardor.
The business troubles in the west had
only slight influence, and in the Closing
dealings the market was firm again. Net
changes show advances of 4 to 2% per
cent, Burlington and Quincy leading. In
the inactive list Northwestern preferred
gain to 145, and Illinois Steel, 1Ss to S7l9;
Minneapolis and st. Louis, first preferred,
brought 6924, against 60, the last previous
ly reported sale for full lots at the Stock
Exchange. The total transactions were
25s, $50 shares, including 81. 100 Sugar $4,000
St. Paul and 24,5OO Burlington and Quincy.
Bonds were active and strong. The total
sales were 81, 100000
New York Stocks and Bonds at the
close.-American Cotton Oil, 915; do prefer
red, As; Sugar Refinery, 1141s; do preferred,
1904; American Tobacco, 637s; do preferred,
80; Atchison, II. and S. F., 119s; Baiti-
more and Ohio, 125s; Canada Pacific, So;
Chesapeake and Ohio, 1884; Chicago and
Alton, ISL; Chicago, Burlington and Quin-
cy 653s: Chicago Gas, SO; Delaware, Lack
awanna and Western, 1872; Distlllers and
Cattle Feeders, -; Erie, 1875; do prefer
red, 30; Edison General Electric. 26A; ILL
nois Central, SO; Lake Erie and Western,
Is; do preferred, 641s; Lake Shore, 145;
Louisville and Nashville, 40% Louisville
and NJ A., 2; Manhattan, S2S: Memphis
and Charleston, 10; Michigan Central, 81
Missouri Pacific, 1871; Mobile and Ohio
II; Nashville, Chattanooga and st. Louis,
671a, asked; United States Cordage, 31s; do
preferred, ~; New Jersey Central, 100;
New York Central, 92lR; New YORK and
New England, 20, bid; Norfolk and
Western preferred, 10; Northern Pacific.
111s; do preferred. 1917; Northwestern. 9S$4 =;
do preferred, AS; Pacific Mail, 1885; Read
ing, 147A; Rock Island, SO; st. Paul. $685.;
do preferred. 1876; Silver Certificates, 66lA;
Tennessee Coal and Iron, 1873; do do pre-
ferred, 80, asked; Texas Pacific. 6; Union
Pacific, so Wabash, st. Louis and p,
55s; do do preferred, 14B; Western Union,
so; Wheeling and Lake Erie, 6; do do pre-
ferred, 231h; Southern Railway SIS, "a;
Southern Railway common, 7ss; Southern
Railway preferred, Il.
State Bonds.-Alabama, A, 10O bid;
do B, bid; do c, 80; Louisiana stamped
As, 80; North Carolina As. 50; North Caro-
lima. 6's, ITO. bid; Tennessee new set Ss,
70; Virginia 6s, preferred, s; Virginia
Trust Receipts, 4; Virginia Funding Debt,
561b; South Carolina AS, 95.
Government Bonds.-United States As,
registered, 1881 United States AS, ccu-
pons, 1O7; United States Us, registered, 81,
bid; United States new As, registered,
115s4; United States new As. coupons
! 115A.