The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-14

Building Company, 80 asked; Title Guarantee
and Loan Company, ~ bid, IS asked Sa-
vannah Construction Company, ~ bid,
50 asked: Citizens Bank, 1905 bid, l014 ex
div. asked
Factory Bonds-Augusta Factory Is, 100
bid, l09 asked; Sibley Factory Is, 1Oj bid,
104 asked Enterprise Factory IS, 1902 bid.
JOB asked; Eagle and Phenix Manufacturing
Company, per cent. bonds, 7s bid. so asked.
- Factory Stocks-Savannah Cotton Factory
Manufacturing Company, sa asked;
Augusta Factory, ~ bid, 80 asked; Granite
vile Factory AZ bid, i4e asked; Langley
Factory, 81 bid, 0S asked; Enterprise
Factory, common, 90 bid, 95 asked J. u
King Manufacturing Company, i0l bid. l09
asked: Sibley Manufacturing Company, rs
bid, n asked.
easy at per cent. The last loan at per
cent. and at the closing was offered at per
cent.
Prime mercantile paper, s]a9ip per cont
Sterling exchange Is firm. with actual bust.
ness in bankers bills at a. S7t74 SIN for sixty
days and 81 Ss4 for demand; posted rates
Commercial bills 81 soh@4 ssh for sixty
days,
Government bonds higher. State bonds dull.
Railroad bonds nrmer
Silver at the Stock Exchange to-day was
neglected.
New York, July 1s.-The following we're
theopening quotations a. the Stock Exchange
to-day:
Er e...................... i4k
Chicagoand Northwestern. .,............ 1O5S
Norfolkand Western preferred ......... 1917
Richmondand West Point Terminal. zee. IL
WesternO nlOn.-.... -...,........ .-..... S43
New York, July 13.-The reports that Presi-
dent Cleveland would appoint two commits
sioners to assist Labor Commissioner Wright
in an investigation of the causes OF the recent
strike, as well as to suggest remedies,
led to firm opening ina the
stock market. The fact that the railroads
were accepting perishable freight for Chicago
was accepted as conclusive evidence that the
strike had ended. and contributed not little
to the hrmness, and the belated shorts came
in the market as buyers. subsequently 1t
was announced from Chicago that the Amer
lean Railway Union was willing TO call their
strike of, provided the railroad managers
would agree to take back the members OF the
union that quit work in order to assist the
Pullman employees and that assisted the up
ward movement in the afternoon trading.
The passing OF Diets, however. did not lead
TO any extensive buying or securities to
cover, for the reason that the
street came to the opinion at an early
period OF the strike that there was no money
In selling stocks on the latest labor demon
stration. Prices for railway stocks moved up
anywhere from 4 to per cent, and closed
at about the top figures Of the day and week
The issues most conspicuous in the upward
movement were the Changers, Louisville and
Nashville, Western Union and Missouri
L
the introduction by Senator Davis Of an
amendment placing drawing room and sleep
ing cars under the operation Of the interstate
commerce law. In the industrials Sugar, Chi
cago Gas, Lead and Tobacco were strong and
in request, while Whisky was heavy, break
ing from "a to 2l3s, with a subsequent
recovery TO 224. The decline was due 10
Washington reports that the tax on distillers
would be reduced from ST. 10 to 81 Copper gallon
and the bonded period from eight to five
years. 1t was argued that the reduction
would have bad effect as the company has
recently takeniarge quantities Of goods out Of
bond basing its action on the Senate bill.
Sugar moved up 2 TO $3.50 on the ad-
vance of NC IN refined, and the
belief that the sugar schedule will receiYe
the approval of the conference committee.
The collapse OF the strike in Chicago stifened
Chicago Gas, which rose from 7i15 to 1888.
Lead and Tobacco advanced fractionally
United States Leather. Cordage and General
Electric were firm. speculation closed firm
No gold VIII be shipped tomorrow, bankers
deciding at late hour not TO forward the 81
OOO,OOO spoken of yesterday Compared with
Thursday closing prices showed gains OF
"a to per cent. Northwest however, lost "a,
Delaware and Hudson 4 and distillers ! q
per cent. Sales were 1871 900 shares OF which
80 600 shares were listed and 81 600 shares I'M
listed The railway and miscellaneous bond
market was stronger
The quotations at the closing were as fol-
lows: