The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-01

Company. 1Oa hid, 1O5 asked; sibley Manu-
featuring Company Is bid, Is asked; Sa-
vannah Brewing Company, - bid, - ask
ed
New York. April 9O.-Money on call was
easy at l1401i2 per cent; the last loan was
at IL per cent and closed at lAQli2 per
cent. Prime mercantile paper. 3i2Qi per
cent Sterling exchange. weak, with act
ual business in bankers bills at $4-st14a
4S71s for demand, and $4s6l4 Tor sixty
days; posted rates, $+SQ4Sll2 and S4.SS'2
64S9 Commercial bills, SAS3l2. SliNer
certificates. 6li2a62c Bar silver, 6ll2c.
Government bonds. firm; state bonds, duil;
railroad bonds weak.
New York. April 30.-Bank clearings in
the United States for the week were $780,
sos, 1876. Per cent. of decrease, l".5.
New York. April 30-Evening Pos
London financial cableEram: The stock
markets were quiet today. with a NOT
day appearance bat there was good de-
mand up TO the close. foreign stocks pelhS
especially strong Americans were qulsl
and steady. The Paris bourse was strong.
A feature there is the rise in Spanish
stocks on bears closing, this being option
day on the Paris bourse. The Berlin
market was steady 1t is reported that
mart of the Chinese indemnity TO Japan
will be paid over in Berlin, but TINS Is
probably Incorrect
New York. April 3o.-The prices Of the
active railway stocks scored an average
net loss Of about "a per cent to-day,
which is probably a fair measure of the
influence upon the stock market OF the
heavy shipments of gold TO Europe by to-
morrow's steamer Some of the losses
were heavier and some were less, nut Il
was because they were Influenced by sie-
cial causes Bear sentiment pervaded the
RI "a
were most strictly confined to professional
trading Transactions were small and un-
evenly distributed. Only sugar was dealt
in to an amount of 10000 shares. and the
total sales were less than l0O,0W shares.
The fluctuations were narrow and out
side interest in the market was absolutely
dead The condition of the market for
American securities in London was equal
" dull partly because of tomorrow hol-
ilay in that market. The volume already
reached by the gold shipments is unques-
tonablN a surprise and a disappointment
10 all holders of securities. The with
drawals of gold from London for Austria
and Japan for some time past had pre-
pared observers for a reflected demand
here, but ii was expected TO result in
transactions in the nature Of purchases
Of gold with a quid pro quo to cover a
premium. The low price at which sterling
demand bills are selling indicates that
some such transactions are being made,
but the large volume of the shipments
shows also that there must be a legiu-
mate demand for remittances TO meet adj
verse exchange growing out of trade con-
dlGons. To-morrowS shipments VIII he
100000, making the total for the week
$6477Q00. Further shipments of from $3.50,
600 10 $.000000 are already announced for
next Tuesday. That this has created
feeling of uneasiness among capitalists is
obvious from the barometer of the Stock
Exchange to-day The heaviest declines
were in the Coalers and some of the In
dustrials New Jersey Central lost 1si.
Lackawanna rs, and Reading common
and do second preferred a point each.
Leather preferred and Rubber also suf-
fered to the extent of IA, and Tobacco
and Rubber preferred and Western Union
declined point each. In the railway list
Northern Pacific showed the heaviest de-
cline of lla and the preferred stock came
next with rs. Hooking Valley fell IA to
l12, the lowest in the record of the stock
Burlington and Louisville and Nashville,
Lake Shore, Omaha and Lake Erie and
Western each fell a point. There was a
fractional rally at the close. which made
net declines somewhat less than these fig
ures Pacific Mail was an exception in
the market and displayed sufficient
strength in the closing dealings to estab-
isE net gain of a point. Standard Oil
sold to-day al 900. The total sales of
STOCKS was N2J0 shares, including Ameri-
can Sugar Refinery 1850; Burlington and
Quincy. $500; Chicago Gas Trust receipts
500; Reading 300; St Paul &. 500: West
Gh Union Telegraph, $500; New Jersey
central, 5000. The bond market ruled do
pressed in sympathy with the heaviness
IN share speculation. The losses. how
ever, were not material, except in remote
cases. Some few issues were conspicuous
Tor strength, notably Norfolk and West
eh' New River firsts, which advanced 4
ernments were active ana generally g.,
with sales of Sl4lOO0. - a.