The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-19


l ment shows some of the heaviest changes
] reported in months. An analysis. however,
] Is an easy matter. as the enormous IN
I creases are due to causes fully outlined IN
] this article last week For one thing the
/ repayment OF $1,000 90 10 the banks which
] advanced the specie for the last gold .oan
] accounts for the expansion Of Sl5 ss5, 900 in
\ deposits and also for the increase Of Su.-
I 1870 In the legal tender item. With refer
Z ence 10 the latter. IL Is evident that the
/ syndicate repaid its debt in paper curren-
/ cy; Sl5. 90 600 or Sl6.enp0 IN legal tenders
I were Withdrawn from the banks some
] weeks since, and the sudden temperance
! or this money confirms what the Financier
I said at the time-that the fund was held
I under the condition OF the syndicate.
/ The one bright feature Of the statement
I IS the expansion Of s6.3l4.6 In loans. but
I from banking standpoint this is over
SnauOWeu by the increase OF $b,5ll,S0V IN the
I excess reserve. The banks gained not less
/ than 100000 from the interior movement
! and treasury disbursements during the
week, although the statement does not
show the total increase in cash. The loss
| Of S6f3,s0 in specie is due to the fact that
some OF the banks are deDOsiting more
I gold with the treasury in compliance with
/ the famous double liability contract
I with the Morgan-BelmOnt syndicate.
/ In view Of the weeks changes, there IS
no reason 10 predict anything like "a harder
money market The demand from the in
I terror has so far failed TO come up to eX-
/ pectations.
New York. May IS. Noon-Erie 12ss
Northwest tern. &c. do preferred. IA, Lake
| 10; Western Union, 1924 Southern Railway
common, 14h; Southern Railway pre-
| ferred, 40i American Sugar, 1lS5s' Balti-
/ more and Ohio. CD. Canada Southern, 54l2;
/ ST. Paul, 81; Rock Island, So; Delaware
ana Hudson, ld; Delaware, Lackawanna
I and Western. 163; Manhattan. 1855; Michi-
/ l02lk.
New York. May 1S.-The reports Of a
| new combination Of the Vanderbilt Nor
\ gan First National Bank interests to con-
/ troll the Anthracite Coal situation, and in
I cidentally, the Reading property. led to
| lively upward movement in the Anthracite
/ stocks to-day. These issues advanced any
| where from 4 to 2's per cent. on heavy
/ Transactions Jersey Central rose "a to
l lU2l4; Reading to pa; Delaware and Hud-
son rs to 1925. Lackawanna. q to 1887:
/ Susquehanna ana Western, 4 to las, and
/ preferred, = TO IS. The buoyancy of the
Goalers induced liberal buying of Sugar,
Tennessee Coal and Iron, Wheeling and
| Lake Erie, Louisville, New Albany, and
! Chicago and the Changers, and prices inn
/ The BituminOus COalers were quite promi-
nent on the announcement that Pittsburg
district strike had collapsed.
In the last hour. the Anthracite Coalers
/ lost all their early gain, on Official denials
| that the Nanderbihs We're interested il
| the efforts making to secure the control Of
| the Reading property. on. these denials
Reading broke to 1875; Jersey Central to 100,
and Delaware and Hudson TO 1914. The re-
port that ]. PierpOnt Morgan viii be called
in to reorganze the Readi ng was again re-
ViVed. The Cordage stocks ruled heavy on
rumors that there will lie important de-
velopments in the property next week. An
official statement of the condition of the
requirements of the corporation is looked
for early next week. he market closed
weak and i40A per cent lower on the day.
| Reading lost -. while La ckawanna, Jersey
Central each gained A0A per cent. Della
ware and Hudson is unchanged To-day
sales were 2H,005 shares of which $4,000
were listed. and 1909 unlisted. In the in
active stocks, Great Northern preferred
dropped to 125. The bond market was
active and higher. Sales We're 81, 662 coo.
New York Stock List.-Closing Bids
Stocks and Bonds.-Amosrican Cotton OIL.
29A; do preferred, IS; Sugar Refinery,
| 1888; do preferred, $685.; American To-
| Topeka and Santa Fe, Sk; Baltimore and
| Ohio, 60; Canada Pacific, 525s; Chesapeake
and Ohio, 22& Chicago and Alton, $50:
| Chicago, Burlington and Quincy, SOS
| Chicago Gas. 74lA; Delaw are, Lack3wanna
! and Western 163. District Cattle Feeding.
! 23at; Erie. 125s: do preferred. % asked
! Edison General Electric, "a; Illinois Gem
| trail 96: Lake Erie and Western, 21H: do
| preferred, 1874 Lake Shore, ia6; Logisville
! Albany. 10h; Manhattan, llGl3; Memphis
! and Charleston, 10 asked; Michigan Cen
| trail 100I2; Missouri Paci.hc, 29A; Mobile
! and Ohio, 20la; Nashville, Chattanooga
| and st. Louis, q asked; United States
| Cordage, 8; do preferred. ~; New Jer-
| sey Central, lo0h; New York Central,
| l02h: New York and New England, 42i6;
| Norfolk and Western preferred, 16: North
ern Pacific, SIS do preferred 22l2; North
! western. 80; do preferred, IA; Pacific Mail,
| 2e1b; Reading. 1915; Rock Island. So; ST.
| Paul. 67: do preferred, 120; Silver Certif-
Gates. 673s; Tennessee Coal and Iron, 1854
do do preferred. 81; Texas Pacific. 127si
and Pacific 9: do do preferred, 1873; West
| ern Union, 92Sl Wheeling and Lake Erie
! 14%; do do preferred. 457s; Southern Rail-
| way IS, "a; Southern Railway common,
| 14A; Southern Railway preferred. 20; South
! Carolina 4las, l06.
State Bonds-AAabama A, 106 do B. 1O6;
Louisiana SLAMMED =
Carolina As l02; North Carolina 6s, l24;
Tennessee, new set. IS, g; Virginia IS,
11referred, Sh: Virginia Trust Receipts,
90; Virginia Funding Debt, 597s.
Government Bonds.-United States Is.
registered, ll2A; United States As, cou-
Ons, nS;United States 2s, registered, 81.
MISCELLANEOUS MARKETS.
IAcon-The market is steady. Smoked
Gle, lr sides, 7stc; dry sailed clear rib sides,
&c; long clear, &c; bellies, &c; sugar
La Td-Market firm; pure in uerces, 77sc;
5O-po und tins, 77sc; compound in tierces,
sac; in 50-pound tins, &c.
But ter-Afarket steady; fair demand;
Gosht n; lSc; gilt edge, 2oc; creamery. 21c;
dhee se-Marl1et dull; s1kq12c; fancy, fun
cream cheese, 10412c; 20-pOund average
Fish rMackerel-Half barrel, No. J. $3.50:
No. 2 E.5O; No. 3, $500; kits, No. /, $l.25:
bricks, Eb4e 2-pound bricks, &c. Smoked
behring's per box, zoe; Dutch herring, in
Kegs, ~ new muticl, nhI4 HafrelS, $3.5U.
Salt-D e nand is fair and the market
steady; ca rload lots, T. o. b., Liverpool,
2OO-pound / aeks. 4sc: Virginia. I25-pound
burlap saoa s SSe; ditto, lz5,, pound cotton
sacks sec; mailer lots, higher.
Syrup-M rket quiet; Georgia and Flor
ida syrup, buying at 23c and selling at
23G25c: sugNr house at 1Sd32c; Cuba,
straight SOC Is. 2SQSoc; sugar house mo-
TobaccoIMs rket quiet and steady:
smoking dome sic, 2296oc; chewing. com
mon, sound, "a VIC; fair, 2sGS5c; good, 500
4Sc; bright. sod SIC; fine fancy, G5QS0c ex-
ira fine, S1.O00S Is; bright naves, 25G45c
Flour-AarkeA firm and advancing; fam
lily, $3.50; fancy, 1856; patent, $500; straight
1915
Corn-Market e. STEADY; white corn, fob
lots, re; car 10 IA lots, 69c mixed corn.
none.
Oats-Market advancing; mixed job lots
Bran-Job lots, 81, 90; carload lots. s21kc.
Etay-Narket stesA dy; western job lots,
90c; carload lots, &C
Meal-Pearl, per ariel. SS.25; per sack,
81. 45; city meal, per ack, $l.30; pearl grlts.
per barrel, $3.50; per sack, Sl.60; city grits,
per sack, Sl.40.
Coffee-Market firmS Mocha. 29lsc; Java,
29c; peaberry, 221sc; fancy or standard