The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-08-06
MORNING NEWS: THURSDAY. AUGUST g. 1896.

New York. Aug. 5.-The treasury bal
ances were as follows: Coin. SI15.6l5. f5A
Currency. S7S,S94.0i1-
New York. Aug. s. nOon.-Erie, l5is:
Shore, 40. Norfolk and Western. prefer
red, 81; Western Union, 7sis; Southern
Railway, common, IA; do prefer
Baltimore a An'riS obio. S I5s csbsSs
Southern, 43ia; st. Paul, 65tt; Rock Island,
o. Delaware and Hudson, lis: Delaware
backaWanna and Western. 1881; Manhat-
tan, sos; Michigan Central, 92ia; New
New York. Aug 5.-Stocks to-day were
duu and the movements as OF late were
controlled by the professional element
which Tor the moment is arrayed on the
bull side of the account. These operators
mad the assistance OF small buying orders
from London as well as higher cables from
that center and in the early trading the
IaNorite issues under the leadership OF
sugar, scored advances OF AI1Ss per cent
The rise in Sugar was stimulated by the
advance in all grades of refined of &c per
pound. Manhattan gained a point at this
tine on covering of short contracts and
less was heard of reductions in dividends
and surface road competition. The usually
active list improved 1sd3s per cent, but
the trading was Of retail character. Az
Yer midday Burlington and quincy was
forced down TO COZ from 81 on sales by
brokers' connected with a leading bear
broker. II was currently reported that the
dividend on the stock will be reduced and
ms was the favorite argument of the
bears. One broker bought the next divi-
dend on LOCO shares, paying sal per cent
In the absence Of support the rumors had
depressing influence and the stock was
sensitive throughout. Late in the day the
cover by small bear operators
A reduction in the demand for
sterling exchange rates had a tendency to
check sales for the short account as it
-r,~- Al
the syndicate has this market well in
hand. On the other hand, money eXcep-
ton pledge of the very best collateral is
d-fhcult to obtain and rates on time are
gradually working higher To-day 6d61a
per cent. was exacted and paid and these
rates are likely to rule until general bust
ness improves. The Moore failure had no
effect on the local market to-day. In the
late trading at the stock exchange Burling-
ton and Quincy developed renewed weak
ness. and sold within a fraction of the
lowest of the day. Sugar, ST. Paul, Man
haitian, Rock Island. all scored fractional
losses in sympathy and the market closed
quiet. Net changes show gains of 1sd7s per
cent. In the inactive shares Minnesota
iron declined to so and St. Paul pre-
ferred, "a to 1908. Total sales were III, go
shares, including 25,700 st. Paul, 24300 Su-
gar, and 22.SOO Burlington and Quincy.
Bonds We're quiet and lower. Total sales
We're $4,000.
New York Stock List-Closing Bids
loOnQE-AIlleElCdn COTTON
y; do preferred, 40; Sugar Refinery, 1929
DO preferred, So; American Tobacco, 81;
do preferred, So; Atchison, Topeka and
Santa Fe, l05s: Baltimore and Ohio
l512; Canada Pacific, 81; Chesa-
peake and Ohio, 1875; Chicago and Alton,
149; Chicago, Burlington and Quincy. 6O5s;
Chicago Gas 5015; Delaware, Lackawanna
and Western, 149; Distillers Cattle Feed
ers, lOA; Erie, 123l do preferred, 27I5 ask
ed; Edison General Electric, 23A; Illinois
Central. S912; Lake Erie and Western,
l4A; do preferred 81; Lake Shore, 1879;
Louisville and Nashville, 423f Louisville
and n. A, 81 Manhattan, S6Ia; Memphis
and Charleston, 10 asked; Michigan Cen
trail 49,; Missouri Pacific, 1888; Mobile and
Ohio, Is; Nashville, Chattanooga and ST.
Louis, 6f12; United states Cordage, 3la; do
preferred, 6f; New Jersey Central, 9lIb;
New York Central, 901k; N Y. and N. r..
%; Norfolk and Western, preferred 90
Northern Pacific, 8; do preferred, II;
Northwestern, 924; do preferred, 14S bid;
Pacific Mail 179s; Reading. 10; Rock Is
silver Certificates, 6SA; Tennessee Coal
and Iron, 1872; do preferred, 80 asked;
Texas Pacific, s; Union Pacific. 524: Wa
bash, st. l.. and p, 5: do preferred 10;
Western Union, TVS Wheeling and L. E.,
SIS; do preferred, 235s; Southern Railway
Southern Railway, preferred, 1884.
state Bonds-Alabama A, 100 bid; do B.
100 bid; do c, IS; Louisiana stamped As SO:
North Carolina AS 50; North Carolina SIS.
l15; Tennessee, new set, 3's. 7715; Virginia
SIS, preferred, 5: Virginia Trust Receipts
4; Virginia Funding Debt, so bid: South
Carolina 41as, IS bid.
Government Bonds-United States As
registered, 1861; United States AS con-
pons, 107; United States rs, registered.
~ bid; United States As, new, registered
ll27; United States As, new, coupons,
1121b