The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-06
FINANCIAL

London. Nov. 5.-Consols 1895 for money
and 1885 for the account.
PARIS. NOV 5-Ehree per cent. rentes, luz
francs Az centimes for the account.
New York, Nov. 5.-Money on call was
easy at 4d5 per cent, the last loan was at
4 per cent, and at the closing was offered
at per cent. Prime mercantile paper, go
7 Der cent Bar silver, 6512c. Sterling ex-
change. steady with actual business in
bankers bills at $4Sl14Q4.@1s for sixty days,
and $4.S4Aa4S411h for demand. Posted rates
81. s11b04. IS. Commercial bills, A.SOq4Sl.
Government bonds easier. State ponds
steady. Railroad bonds lower. Silver at the
board was steady.
New York, Nov. 5.-The treasury bal
ances are as follows: Com, $lzl 'oo4i
currency, SIS, 4997 $50. IA
New York, Nov. s. noon.-Erie, 1874;
Northwestern, 1O4; preferred, l45; Lake
shore 15O&: Norfolk and Western, pre-
ferred ~. western Union sc; Southern
Railway. common. 97s; Southern Railway
preferred. %; American Sugar, I9A; Bal
timore and Ohio, Is; Canada southern
40; st. Paul IT'S; Rock Island, 70; Deia-
ware and Hudson, 1876; Delaware LacKa-
wanna and Western, 1853; Manhattan, so1s'
Michigan Central. 80; New York central
IS. Speculation strong.
New York Nov 5.-To-days STOCK mar
ket was a comparat lively tame affair when
contrasted with the exceptional activity
and wide fluctuations on yesterday. Inc
transactions aggregated only oSS,zn
shares, against 549, 557 yesterday, and with
a few exceptions the changes We're
no greater than occurred IN ORDINARY
times. Taken altogether, the tendency
was toward a lower range of values, ana
the fact that several stocks displayed
great strength at intervals did not pre-
vent almost the entire list from closing
under last nights final quotations. Inc
reaction occasioned no surprise for the
reason that current quotations show large
profits to those who bought stocks a few
days prior to the election 1t is also TO
be said that, to a certain extent the de-
cline was forced. In other words, it was
brought about by the circulation of ru-
mors which probably have little founda-
dation The most formidable attack OF
the day was made soon after delivery
hour, when rumors gained currency IN
the Stock Exchange that there was some
doubt about the electoral vote or lndl-
ana and Kentucky and that Consul Cen
eral Lee had made a report to the Pres
ident concerning the Cuban situation
which would be followed by a war-lilte
policy on the part of the administration.
Whether true or false, these stories exer-
cised an adverse influence, and the mar
ket yielded quickly under pressure to sell
for both long aud short accounts. Suga~
led all other stocks in point Of activ.NS.
and broke over points. to 1853, on sales
Of nearly 1900 shares. 1t finally rallied
to l177s. In the earlier trading Tobacco
had jumped from 79ls TO 81. on the an
nouncemcnt that the directors had declar-
ed a cash dividend of 4 per cent. on the
common stock This It was argued,
meant that a settlement OF the war be-
tween the trust and the outside manufac-
turers was nearing a conclusion. The
stock afterwards broke TO 20. Chicago Gas
was for a while a strong feature. 1t rose
from Is to 7TM on statements which were
believed to emanatc from trustworthy
sources that the directors would resume
dividends either this week or next. The
stock finally receded TO 75ss076. The alb
sence Of foreign support was felt by tho
general market and IN the afternoon
prices showed declines from last nights
closing OF Y 10 3 per cent ia the genera
run of stocks. Manhattan was an eN
ception. rising TO 9IA. after an early drop