The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-21


Est1te and Improvement Company, A. 54s.
bid, 55A asked; b, SO bid, "a asked; Peo-
pies Savings and Loan Company, 80 bid,
SO asked.
Factory Bonds-Augusta Factory Is, 10l
bid 102 asked; Enterprise Factory 6s 100
bid, 10l asked; Eagle and PheniX Manu-
featuring Company. s per cent bonds, 40
bid AZ asked; Sbley Manufacturing Con-
pany 6s 10l bid, 1O2 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, % asked; Augusta Factory,
so bid, SO asked: Granitevine Factory las
bid, ISL asked; Langley Factory, 1O4 bid.
1854 asked; Enterprise Factory, common,
SO bid, IS asked; ]. r. King Manufacturing
Company, 104 bid. 105 asked; Sibley Man
ufacturing Company. 70 bid, rs asked; Sa-
vannah Brewing Company. - bid, So ask
New York, July 2O.-Money on call was
easy at l per cent. Prime mercantile pa
per, 364 per cent. Sterling exchange
firmer, with actual business in bankers
bins at s4.S714G4S for demand and $4S614
Q4S61S for sixty days. Posted rates, $4S7
G4.S71s. and 4SSd4. SS1a. Commercial bills,
S4.S5. Silver certificates, 6OA@605sc. Bar
silver, 6O1sc. Mexican dollars, 1910. Gov
eminent bonds weak; state bonds were
dull; railroad bonds were strong.
New York, July 20.-The Evening Posts
London financial cablegram says: The
stock markets were stagnant to-day. The
only semblance of business was in Ameri-
cans and it was only trifiiug there. Now
that the conference report has agreed
upon the tariff bill it is felt that the only
point for the moment in Americans is
President McKinley's promised currency
message, and it is feared that unless that
it be couched in strong and unmistak-
able terms, 1t may not prove so great
an impetus as desired. Foreign stocks
were fiat and the Paris and Berlin mar
kets quiet"
New York, July 2O-The stock market,
after considerable early activity and
strength, closed firm below best prices,
but at fractional net gains. The strength
in Sugar, Lead and Tobacco was in an
ticipation of the benefits to be derived
from the new tariff The Sugar Company
having secured a most acceptable sched-
ule passed by the House and presented to
the Senate. failed to justify the fears of a
sensational break entertained by some
traders after yesterdays s per cent. ad-
vance and, on the contrary, opened up ia
per cent Subsequently it scored an eX-
IRENE gain for the day of Az, establishing
a new record of 1867, and thereafter grad
ually declining, closed with a net gain of
pa Lead. common and preferred, scored
an extreme rise of 2 per cent on enormous
dealings; common, however, later lost
half its gains. Tobacco common, only
temporarily held its one point advance,
closing unchanged, but the preferred re-
manned per cent. up. Generally speak
ing, the Industrials were firm on the
winding up of the revision of the tariff.
Changers Sided off somewhat on profit
taking, bnt the list generally disregarded
Londons change in the attitude in selling
Americans Reading first preferred on
large purchases, crossed 50, on rumors Of
possible dividend, provided the coal
road continued to be operated harmoni-
ously. Generally speaking, fractional re-
cessions followed the noon hour on sue
cessful traders converting paper profits
into bank deposits.
Prices were from time to time marked
upward but the tendency to advance was
checked by threatened democratic opposi-
ton to a prompt conclusion on the tariff
bill, and on rumors of the possibility of
the export of gold, due to the large ante
tariff bill importations especially of
sugar, and to discharge obliga tons due
to Europe for returned American securi-
ties.
The reported enormous decrease in the
worlds visible supply and the consequent
rise in wheat before the close. influenced
rally, as it would mean increased de-
mand for our grain, and, indeed, the large
increase of exports of general merchandise
for the week, shows the present demand
for our products.
The total sales of stocks for the dav
were 379S20 shares. including Atchison pre-
ferred, 1854; Chicago, Burlington and
Quincy 1885; Reading. 1885: Rock
Island, 1886; st. Paul, 80, 210: st. Paul and
Omaha, 5,420; American Tobacco. TO- 99O:
Chicago Gas. 1905; Lead. 2O,O9S; Pacific
Mail, 5155; Sugar, SS,433; Texas Central and
Illinois, Is, $50
The bond market continued to advance
toward high level on purchases which
included moderate sprinklihg of the gilt
edged issues. The inquiry for continental
account was mainly centered in the spec
ulative mortgages, with changes generally
narrow The aggregate sales were $500.
VOO. Governments were pressed for sale
and yielded fraction on sales of $1,000