The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-08-05

663s; Rock Island. SIS; Delaware and Hud-
son, 10, Delaware. Lackawanna and West
ern. lists. Manhattan. o5ls. Michigan Cen
tral, s-la. New York Central. sSia.
New York. Aug. A-In the first fifteen
minutes al the stock exchange the mar
ket was active and excited. Prices drop
ped anywhere from 1 20 SIS per cent. an
der heavy offerings for both accounts.
The Generalization was due 10 the an
nouncement Of the failure OF Moore Bros
OF Chicago. The firm has been init
mately connected with the Diamond
Match Company and the New York Bis
cut Company. and their suspension was
a great surprise here. The report that
the Liabilities OF the concern were S2o.-
NNul1 was not generally credited New
YORK has had very little interest in the
shares OF the Diamond Match Company.
which, ii is understood, brought about
the embarrassment Of the MoOres. and
after the break at the opening in tho
ives tern railroad and Industrial issues.
local operators were inclined to take a
calmer view Of the situation. The fail
ure VIII undoubtedly have some influence
on the money market later on. and to
Ihis extent IL will be reflected in stocks
To-day can loans were worth 3G3is per
cent at one time, but near the close
borrowers were accommodated at 1iaI2
per cent. In time loans bankers have
raised their rates to 6la per cent and the
commercial paper markeg is decidedly
sllHer. In the break at the opening, the
Changers, the Industrials and other
stocks which are traded in by western
operators suffered the heaviest losses.
Later on II was reported from Chicago
that movement was on foot to protect
Inc Diamond Match stock, and this check
Ell the selling movement at the local
board. Near the close the early sellers
endeavored to cover and the prominent
issues rallied llsM2% per cent. Specula-
ton closed firmer in tone Net changes,
however, show declines of 1bd2ib per cent
Iotal sales were only lS5, ll2 shares. Bonds
We're lower. Sales were S4SS,0O0.
New York stock disclosing bids-stOcks
and honds.-American Cotton Oil. 9: do
preferred, 40; Sugar Refinery. 1017s; do pre-
Ierred, %, American Tobacco, $3.50 do pre-
terred, IS; Atchison, T. and S. F., 1875 f;
Baltimore and Ohio 15Ib; Canada Pacific
Alton 14S; Chicago, B. and O.. 6lis; Chica-
50 Gas, 5O12; Delaware Lackawanna and
western, 1879; Disiillers, Cattle Feeders,
IVA Erie 1874; do preferred, 2Sia asked /:
Edison General Electric, 2Slh; Illinois Cen
trail S912: Lake Erie and Western. II; do
preferred, 6l; Lake Shore, 40; Louisville
and Nashville 42$.; Louisville and ~ A.
D; Manhattan, S65a; Memphis and Charles
ton, 10 asked; Michigan Central 92ls; Mis-
souri, Pacific 1914; Mobile and Ohio, Is;
Nashville, Chattanooga and St Louis 67Is
asked; United States Cordage, 80; do pre-
Ierred, %; y. J. Central, 80; n. Y. Cen
tfal, 81; n. Y. and N. E., 35; Norfolk and
western preferred, 91a Northern Pacific.
.; do preferred III; Northwestern. 92ih:
do preferred, 1iS bid; Pacific Mail, 17R
Reading. 10gs Rock Island, 81; St Paul,
66; do preferred, 12l; Silver Certificates,
bS4; Tennessee Coal and Iron 1871; do do
preferred. 30 asked; Texas Pa
citic, 81; Union Pacific 55s; Wa
bash. St. L. and p, 5; do do preferred, 1874
Western Union. TIA; Wheeling and L. E.
6ls; do do preferred, 1855; Southern Rail-
way IS, Sl%; Southern Railway common,
"a; Southern Railway preferred. 1872
state Bonds.-Alabama A. 100 bid do 3.
100 bid; do c, IS; Louisiana stamped As,
95 bid; North Carolina As 50; North Caro-
lima 6's, lis; Tennessee. new set, 3s, 70; Vir-
ginia SIS, preferred, 5; Virginia Trust Re-
ceipts, A. Virginia Funding Debt, 53lz
South Carolina AVS. 50.
Government Bonds -United States as.
registered. 1861 United States As. coupons
| 1913; United States rs. registered, SO bid
United States As, registered. 1929; United
States is, coupons, new, 112%.