The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-01-25

reserves, S16S, 42S, 10.
New York, Jan. 2.-The Evening Posts
London financial cablegram says: The
stock markets here were quiet to-day, but
a dun opening was succeeded by a steady
close. Contangos on Americans were 'eX-
pected to rule about the same as the pre-
vious settlement"
New York, Jan. 4.-There was nothing
particularly interesting in to-day's stock
market previous to the reception of the
news that the United States steamship
Maine had been ordered to proceed to Ha-
vana. Until that time the market was
wholly in the hands of the professional
traders and the transactions were on a
small scale. The standard of stocks were
neglected and the securities of the local
corporations which are more or less dep
pendent upon municipal favors, were brisk
ly manipulated. Later some of the Van
derbilt stocks were taken up and advanced
sharply.
The general market remained persistent
ly heavy during this time, but fluctuated
very narrowly, the offerings being light as
well as the demand in the international
stocks, the declines were hardly as pro-
nounced as those received from London.
This state of affairs continued until after
midday when it was followed by general
improvement, the prices of the majority of
stocks having risen a shade above Satur-
days closing just as the selling movement
induced by the Names movement began.
This news was regarded with skepticism
at first, and the market held steady for
time, but on the publication of the As
ISOLATED Press credited report, the liquida-
ton steadily set in. Offerings were on a
tremendously heavy scale, but the demand
was light and prices fell fast.
The specialties which had been marked
up in the morning and some railroad
stocks which have shown the greatest
strength recently, suffered the heaviest
losses on rush to take profits. The
Northern Pacific and Union Pacific were
conspicuous sufferers in this respect.
Northern Pacific preferred was at one time
off points. In few cases fractional net
gains were made after the late decline, but
losses of between l and points are very
frequent all through the list of active
stocks, including the leading specialties,
the Changers and Missouri Pacific.
The attitude of the authorities at Wash
ington in attaching as little significance
as possible to the proposed movement of
the Maine and had little effect in alaying
the bearish tendency in the market With
the exception of some sharp rallies in the
local New York group the market closed
weak and lower. In the last ten minutes
of trading Third Avenue slumped to 1881,
fair example of the stability of this
group of stocks.
Notice from Washington that the depos-
its in New York banks on account of the
Union Pacific sale would be recalled in
ten weekly installments, the first on Wed
nesday next, was doubtless with the con-
currence and the approval of the banks in
which the deposits lie. The government
arranged in the first place to leave them
there in order to guard against stringency
in the money market. Their withdrawal
now, it is hoped, may give some tone to the
money market, which has grown quite
plethorie with a probability of still greater
congestion of idle funds. To-days call loan
market, however showed no quotable
change.
The bond market showed increase weak
ness, the declines being marked on those
bonds which have shown recent strength
The United States new As fell u in the bid
price to-day. The calling of the govern
ment deposits in the New York banks
tends to increase the supply of government
bonds by releasing those which were plac-
ed as security for deposits
Total sales of stocks to-day
were 100000 shares, including Atch-
ison preferred, 1882; Chicago, Bur
lington and Quincy, 29072; Louis
vile and Nashville, $500; Manhattan, 3d.
700; Metropolitan, 12,712; Missouri Pacific,
$500; New Jersey Central $3.50; New York
CCItldl, oo,ft0, NOIlU6IH racine preferred,
q $3.50; Ontarlon and Western, $50: Rock
Island, S,765; st. Paul, 2,75O; Union Pacific
1880; American Spirits, 3, 455; Tobacco, H.
405; Peoples Gas. 5525; Consumers Gas
IA go; Pacific Mail $40; Sugar, &c, 10;
Western Union, 7,72O
New York Closing Stocks.
AtcMson ....... 129sISt. P. & Om.... 72Al
do pref. ....... 2S1s do do pref. las
Bait. & Ohio =. z st. p NJ. & NJ. .121
Can. Pacific -. $3.50 So Pacific .. 10
can So ....... 533sISo Railway -. 81
Cent. Pac. ...... 70 do pref. ..... 293t
Ches. & Ohio -. 21h Texas & Pacific. 11ss
Chi. & Alton ..16512 Union Pacific. 3OK
Chi. b. & o.. @A u. p. d. & G.. 8ik
Chi. & E. H.. IS Wabash ....... 6%
C.C.C. & st. L.. 80 do pref .. 17i5
do do pref. =. 80 Wheel. & L. E.. 22i
Del. q Hudson. .1l08t do do pref 80. 1913.
Del T. u .l5lA Adams Eek. ...159
Den. & Rio c.. liz Am Express lis
do pref. ....... 46% United States :. Al
Erie new .,... IA Wells Fargo lilo
do LIST pref. =. 1914 A. Cot Oil 80, 20
~ wayne ....N9 90 pref. ....... 1874
CT Nor. pref. ..190 Am. Spirits -. 7al
Hooking Valley. 6ls do do pref. -. IS
illinois Cent. ..1O51S Am Tobacco :. S4A
Lake Il. q w.. l6 DO pref. .......112
do do pref. -. M Chicago Gas =. 95
Lake Shore ...179h Cons. Gas ..190
L. & N. ......... 547s Com. Gable Co. 40
Man. L. ........116A Col. F. & Iron. 221s
Met. st. Ry.... .l447s do do pref -. 20
Mich. Cent. ....10i24 Gen. Electric -. 3il6
Mimi. & st. L.. "a Illinois Steel -. 40
do do LIST pref. 81 La Clede Gas -. As
Mo. Pacific 80. 3215l Lead .......... 34ss
Mobile & Ohio. 20 do pref .......1O5sl
Mo. x. & t.. 11al Nat. Lin. OIL 17Ia
do pref. ....... Si34 Ore Imp. Co.. 27ih
Chi. Ind. & L.. 81 Pacific Mail 80. 1874
do do pref. -. 81 Pullman Palace.176
N. j. Central =. 91AlSilver Cert. 80. 561b
N. Y. Central ..112%lS. r. & T..... s7s
N.Y.C. & st. L. 1874 Sugar ...... 1853
do do LIST pref. s. do pref. .113L
do do I'd pref. SAT. c. & Iron. -. 239l
Nor & West. II ~. S. Leather :. 81
No. Am. Co. :. AZ do pref. ....... 60
No. Pacific $50. 25Ml S. Rubber -. 49,
do pref. ...... CPS do pref. ........ 63ih
Ontario e. w.. IS West. Union =. 893t
Ore. r. & Nav. 46bI Northw. ......1l9sl
Ore. Short Line. 2234 do pref ....... 164K
Pittsburg .......l6S st. L. & S. w.. 3%
Reading ..--.... q do pref. ........
Rock Island -. S77s Z. G. w. ..... %
st. L. &c s. F.. Rdg. LIST pref. =. 4SA
do do LIST pref. 54ai do pref. ...... IS
do do I'd pref. 2i7s Chicago G. w.. IA
st. Paul ......... 93ls Hawaiian c. Co. 1924
do pref .......143
Bond List
U.Snew As. reg. 127i4N ~. Carolina 6s. 1875
do coup ......lzoHl do As ..........104
U. S. 4s.........l2&4 No Pacific lists. III
90 coup ''.'''u43s 90 IS .......... 62A
10 Tic do A.