The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-04-12

the interior movement MADE up Tor Lne
losses incurred IN other transactions The
rising premium on New York exchange
I al an interior cities is plain evidence OF
the drift Of funds in this direction, ana
this movement IL bound 70 increase IN
der normal conditions for some time 10
come. Just how much money the New
York market can absorb from ali sources
without break In current rates is an
fl17rorfanr question AT present, especially
as the ruling quotations nave lnEliel
larger offerings Of foreign funds, Wnlcn
otherwise would have been exported, and
which surely viii go out as soon as the
money market declines. The banks nave
been paying into the treasury OF late, part
OF the government funds left on deposit,
s. 10000 This money viii be gradually
Withdrawn from now on. The surplus OF
the New York banks IS very unequally
distributed al present, few OF the larger
institutions holding the bulk OF excess re-
serve. The next few weeks are destined
TO bring some important changes in the
money market. The averages show the
following. compared with the last two
ApI Il. IS. ApI %. IS. Ap1 Il, o.
Loans 1866 6l2, 400 $4S4, 023. 100 S456 1889 900
Specie 49,. s. $4,000 65.SS7.000 100,0996O
der si' .'... 7s@l1O 75,l9a.4O 12leOsOOO
its -. 4ss151.4OO 5os,s9o,5Oo 5ss. sos 400
irc'latn H,Sn,SOO 13,1h,3OO u,O42.SO0
serve -. 1s8us1OO 14OSsO,4oO 221,7OzoOO
quired -. 12O7szs5O 125.s5zs25 14Os7seOO
reserve 1L9sl.95O 4.922,75 sO.ss1,oOO
New York. April II, noon.-Erie, 144s;
Northwestern. 1885; preferred, 145; Lake
Shore, 147L Norfolk and Western pre-
ferred, SIS; Western Union, S3iz; Southern
Railway, common, 9; do preferred, 2912;
American Sugar. 1874 Baltimore and Ohio.
1Sh; Canada Southern, 49i5; St. Paul, 753s;
Rock Island, 705s; Delaware and Hudson,
1875; Delaware, Lackawanna and Western,
MfnhfUQn Central
s2ls; New York Central, 96A. Market dull,
but firm.
New York, April 11.-stocks were dull
and neglected to-day, the sales for the two
hours of business footing up the meager
total of $3.50 shares. Sugar, which was
the most active stock on the list, was
traded in to the extent of only 1900 shares
and Northern Pacific which was second
in point in activity, figured but for 400
shares. 1t goes, without saying that the
trading was wholly professional in it's
character. The market was inclined to
work higher. The government crop re-
port for April, which showed that the con-
9 81 OF winter wheat was III, against
Sl4 last year and S6.7 in 1894, had no in
nuence. The Changers, in fact, were
slightly higher all around, on statements
that the growing wheat west of the Mis-
slssippi had not been seriously injured
and that conditions had improved since the
nrst OF the month. In the Industriais
sugar was the feature and rose to 1898
Chicago Gas moved up to 6S2 General
Electric to SS1s, Tobacco to a. and Leather
preferred to 6Ss. The market closed dull
and firm. Net changes show advances of
5sg7s per cent. In the general list, and IA
q per cent in the Industrials. The bond
up $54S,00O
New York Stock Itst-CIosing Bids-
stocks and Bonds-American Cotton Oil
l4Ss do preferred, 90; Sugar Refinery. 1917 /:
DO preferred, 100A; American Tobacco
SSB; do preferred, SO: Atchison, T. and s.
r.. 1873; Baltimore and Ohio, 1871: Canada
Pacific. 5532; Chesapeake and Ohio 1854 :
Chlcago ana Alton, l54; Chicago, Burling-
ton and quincy IS; Chicago Gas. 6S5s Del
DIS. Cat. Feed, 1874 Erie 143s; do preferred
%; Edison General Electric, 80: Illinois
Central, 81; Lake Erie and Western IL:
90 preferred, 20; Lake Shore, 147h; Louis
vile and Nashville, 1855; Louisville and N
A., S12; Manhattan, 1908; Memphis and
Charleston, Is; Michigan Central 92l5; Mis-
Nashville. c. and St. L., IS; United States
Cordage, 49s; do preferred, 8; New Jersey
central, l05fs; New York Central, 96A; N
Y. and n. E., 40; Norfolk and Western pre-
ferred 5% Northern Pacific, ~; do pre-
ferred, ll3s; Northwestern, 103Is do pre-
ferred, 145; Pacific Mail, 1854 +; Reading, iO1b
Rock Island 703s; st. Paul 753s; do pre-
ferred. 1857; Silver Certificates, 6SA: Ten
nessee Coal and Iron, S03t do do preferred,
100; Texas Pacific, s; Union Pacific, Sss
Wabash. St L. and p. 63s; do do preferred,
e., 912; do do preferred, 321R: Southern
Railway IS. sOs; Southern Railway COM
mon, 3; Southern Railway preferred, 29I5
State Bonds--Alabama A, 1O6; do b, l06;
do c, 100; Louisiana stamped As, 9714 North
Carolina As, 105; North Carolina 6s, l22Ib:
Tennessee, new set, IS, 81; Virginia IS, pre-
ferred, 5; Virginia. Trust Receipts, 6; Vir-
ginia Funding Debt 6114; South Carolina
4jas, 106
Government Bonds-United States 4s.
regis tered, 1854; United States As, coupons,
1O9 United States Is, registered, 95 United
States IS, regis tered, III; United States IS.
coupons, H.
MISCELLANEOUS MARKETS.
Bacon-The market is firm. Smoked