The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-07
FINANCIAL.

at ~ per cent. and at the closing was Of
fered at IL per cent
Prime mercantile paper, SAQ4 per cent.
Sterling exchange easier. with actual
business in bankers bills at 81 s7i5Gf4 S73t
LOT SIXTY days and $4.SSl4d4SSsi for de-
Posted rates, S.sSa4s9is
Commercial bills, 81 S6stN4S7.
GoVernment bonds higher; state bonds
stronger; railroad bonds active
Silver at the Board was dull
New York, May 6.-The treasury bal
ances We're as follows: Coin, S., 4S9 600:
currency, S56OS8.000
New York, May g. noon.-Erie. 12ss:
Northwestern, S7i2; do preferred ~; Lake
SIlore' 1852; Norfolk and Western pre-
Ierred. IS; Western Union. S9it: Southern
Railway, common. AS. Southern Railway
preferred, 40A American Sugar. 1l4i5: Bal
unore and Ohio, 81; Canada Southern SO:
o.. f S1, oy5s; Rock Island, SIS; Delaware
aI9 II, 1udsoh, 10; Delaware, Lackawdnna
anu w eStern, 100. Manhattan 1lS34: Michi-
gan central IS; New York Central go
.NJW ork, Iay 6.-Speculation at the
sock exchange was characterized by
Strength almost Throughout the entire day
ipeil only weak spots to the market were
me NE Ahlhracite Coalers and Chicago Gas.
Inc hfst named ruled strong until late in
tne session when Reading ran off from
It72 70 lb34i Jersey Central fell to S5i5: Del
aWdTe ana Hudson from l29% to l2y, and
Laekawanna from 1905 to f59A LScka-
wanna, subsequently recovered to 100
readings weakness was due to reports
mat bne Earie-Olcott contingent had part
60 WIN us STOCK. The old rumor that the
Dig New York companies were seeking
INC control OF Reading, failed to check the
uecInlng tendency of the shares. Chi
cage Gas held well until the last hour,
when the price broke point 10 73s West
ern nrms we're prominent buyers of the
stock during the early trading, the veto
OF me frontage bill not having material
lied. The general market ruled strong and
the leading issues, except those Just re-
TERED to, were all in demand. London
hg1Tphf o. he,
erS report steady absorption of bonds for
European account. 1t is announced that
Daring Brothers have purchased $500, 600
MlEneapOlis Great Western per cents.
from the Great Northern Railway Com
pany. The shipments of securities to Eu-
rope this week according to present indi-
Exchange market is feeling the influences
of the heavy drawings against these pur-
chases and to-day the market was posi-
lively weak and posted rates were reduced
15c to Sass and 81 .s915. In addition to the
weaknesses of the sterling exchanges the
market for stocks was benefited by the CO.
plous rains in the spring wheat region.
This led to good buying of the Changers,
and these issues scored material gains IL
IS understood that the earnings of the
Changers are improving and that the April
statements will be far better than gener-
ally expected. In the Industrials, Ameri-
can Sugar was the special card The stock
touched Ito and closed within a fraction
OF this figure. Trading was heavy, So 100
shares changing hands. The rise was due
to the further advance in refined. 1t is
stated that the big refinerieS are not anX-
ious for orders even at current figures,
and are inclined to hold off for higher
prices. Distilling and Cattle Feeding rose
to 1yl2W19 on the announcement that spir-
its and high wines had been advanced &c
per gallon. In the high priced stocks, Lake
Shore rose to 144h. The best in years. In
the inactive issues, Canada Pacific rose 3l4
to 50; Nickel Plate Is, preferred, 4 to SO;
Oregon Navigation, to %; Consolidated
Gas, ? to 1R; Chicago and Eastern Him
OILS, preferred, IA to 974 Flint and Pere
Marquette preferred to Al; Louisville
New Albany and Chicago, preferred, a to
29; Mexican Central, 2ls to Is, and Min
nesota and st. Louis, preferred 2l9 to So
Speculation closed strong in tone. Net
changes show advances of 14917s per cent
Reading and Jersey Central, however lost
New York Stock disclosing Bids
Stocks and Bonds-American Cotton Oil
~ do preferred, d., z; Sugar Refinery
103la dc preferred, 109; Atchison, T. and
S. f., 81; Baltimore and Ohio, 81; Canada
Pacific. 524 Chesapeake and Ohio. 1875;
Chicago and Alton, $50; Chicago Burling
ton and Quincy, 1875; Chicago Gas, 7S5s;
Delaware, Lackawanna and Western, 160,
Dis Cat Feed, 1875; Erie, 1875; do pre-
ferred, %; Edison General Electric, 81;
Illinois Central go; Lake Erie and West
ern, 202s; do preferred, n; Lake Shore,
1883; Louisville and Nashville, 81; Louis
Memphis and Charleston, 10; Michigan
Central, 98s4 Missouri Pacific, q; Mobile
and Ohio, 1S1s; Nashville, c. and st. L.,
20; United States Cordage. So do pre-
ferred, 10; New Jersey, Central 952l New
York Central, SO; N. Y and N. E., AS;
Norfolk and Western preferred, 1512;
Northern Pacific, AS; do preferred, 2113
Northwestern, 9712; do preferred, 14ll5; Pa
cihc Mail, 249s; Reading, 1875; Rock
Island, CTS; st. Paul, 649s; do preferred,
119; Silver Certificates, 6612; Tennessee
Coal and Iron, 233s; do do preferred 81:
Texas Pacific, 1855; Union Pacific. 1874
Wabash, St. L. and p, rs; do do pre-
ferred IT'S; Western Union, S94 Wheel
ing and Lake Erie, IS; do do preferred,
43A Southern Railway IS, 9lA; Southern
Railway common, 143s Southern Railway
preferred, 40; South Carolina 412s 1077s.
State Bonds-Alabama A. 106; do B. 106;
do c. SO; Louisiana stamped As, 100; North
Carolina As. 102; North Carolina SIS, 124;
Tennessee. new set, IS, S41s; Virginia IS,
preferred, SA; Virginia Trust Receipts,
81; Virginia Funding Debt 551s.
Government Bonds-United States As,
registered. 112A; United States As, coU-
pons, 1925 United states Is, registered, 81.
GRAIN, PROVISIONS, ETC.
New York. May 6.-Flour moderately
active, less firm. Winter wheat. low
grades, 50. 3Od2.75; winter wheat fair to
fancy. $2S5G3. 30; patents So. 4003.75; Mime