The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-23

SO asked.
Factory Bonds-Augusta Factory 6s, 1O1
bid, 1O2 asked; Enterprise Factory IS, 100
bid, l0l asked; Eagle and Phenix Manu-
featuring Company, 6 per cent. bonds, 20
bid, AZ asked; Sibley Manufacturing Com
pany 6s, lOl bid, l02 asked.
Factory Stocks-Savannah Cotton Fac
tory bid % asked; Augusta Factory
80 bid, SO asked; Graniteville Factory, las
bid, 15l asked; Langley Factory l04 bid
1854 asked; Enterprise Factory, common.
80 bid SO asked; ]. r. King Manufacturing
Company, 104 bid, 1O5 asked; Sibley Manu-
featuring Company, 20 bid, 76 asked; Sa-
vannah Brewing Company, - bid, So asked
New York, July 22.-Money on call was
easy at IL per cent. the last loan was at
per cent. closed at l per cent. Prime
mercantile paper, $685. per cent; sterling
exchange easier, with actual business in
bankers bills at $4.S7G4. S714 for demand
and $4.S6A for sixty days. Posted rates,
"a S7G4S714 and $4SS1a. Commercial bills,
"a S5l4GD4. 8515. Silver certificates, 59s4 d69c;
bar silver $3.50; Mexican dollars. 1880.
Government bonds strong; state bonds
dull; railroad bonds dull
New York. July 22.-There was not a
weak spot in the whole list to-day save a
net loss of over a point in Sugar quota
tons. The volume of business was broad
and large. Bonds as well as stocks were
strong and the dealings extended to many
hitherto moribund securities.
Decreased exports of grain and lower
quotations for wheat, we'll as London
arbitrage sales, were ignored and the mar
ket advanced on poor support. The highest
figures were recorded in many securities
about noon, but an even larger number of
securities scored about their best prices
at the close. Some foreign houses are OF
the opinion that London is heavily short
and anticipate interesting developments
at the end of the account next week.
Brokers, having little faith that there
would be much change in the sterling ex-
change market, gave but temporary at
tention to predictions that some two mil
lion dollars in gold would be exported to
Paris on Saturday. The continent has
been using gold and with easy money here
this country can spare the gold more
readily than another. Extensive commits
sion house buying to-day was potent fac
tor in the markets strength and it re-
mains to be seen whether, now that the
public is taking hold of the market profess
siOnal traders will unload upon it as US
ual. London adVices were that II the pres
ent movement in Americans continued the
British public would come in as purchas-
ers, but that although larger business
was being transacted in Americans to-day
than usual, it was principally for conti-
mental or American account
Sugar fell 3A to 40 in the initial dealings,
recovered the loss, but was again pressed
Changers and Southwestern were the lead
ers in the days upward movement on
large dealings. Other stocks conspicuous
for their strength and activity were Lead,
Chicago Gas. General Electric, Louisville
| and Nashville, and the Gould shares. Rock
Island scored a net advance of 2R points
on rumors of increased earning capacity
Burlington, on similar influences, was bet
tered to the extent of a point and a half
Coalers were neglected, because of the
trade conditions. American Spirits pre-
ferred rose a point on heavy buying by
the same interests recently active in Su-
gar and St. Paul. The rise in industrals
including a point and a quarter in Cotton
oil common and in the preferred. one in
Starch second preferred, were attributed
TO an expected increased demand of their
products, said to be expected by cause of
the new tariff. The market generally clos
ed with a net advance of H.
The total sale of stocks for the day were
as, 100 shares, including Atchison preferred
6,4S2 Burlington, 35143; Louisville and
Nashville, Is, 265; Manhattan, 1862; Missou-
ri Pacific 5425; NJ. K. and T., 100; do pre-
ferred, 1884; Northern Pacific, ALSO; Read
ing, $685. Rock Island, 32,61S st. Paul
1871; Southern railway, preferred. 1857;
Texas Pacific, $3.50; Union Pacific, 14716;
American Spirits, 1908; American Tobac-
co, 1895; Chicago Gas, 17,455; General
Electric 1914; Lead II, S75; Sugar, 49 243:
Western Union, 1876.
The bond market continued to reflect a
brisk demand for investment and specula-
tive account which included numerous of
the more idle grade and speculative is
sues. Values moved uninterruptedly up
ward. and at the top level indicated gains
of per cent. or thereabout in the leading
mortgage. Improvements were as a rule
more material in the usually inactive Sc
curities. The aggregate sales were 81. 595,
000
Government bonds displayed an improv-
ed tone and were more active, the sales
aggregating $4,000.