The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-08-05
THE MORNING NEWS THURSDAY, AUGUST 5. 1897

bid, AZ asked; S,bley Manufacturing Com
pany IS IVl bid, i02 asked
Factory Stocks-Sav Cotton Fac
tory, bid p asked; Augusta Factory
so bid. IS asked; Graniteville Factory, 145
bid, Isl asked; Langley Factory, l04 bid,
1854 asked; Enterprise Factory. common,
80 bid 80 asked; J. r. King Manufacturing
Company, 104 bid. l05 asked; SibleY Manu-
featuring Company 20 bid 76 asked; Sa-
Nahnah Brewing COMPANY - bid. IS asked.
New York, Aug. money on call was
hrm, at lQ2 per cent; the last loan was
at l per cent; closed, offered at l per
cent. Prime mercantile paper, SN4 per
cent. Sterling exchange weak with actual
business in bankers bills at "a S65sd4 S6g4
Tor demand, and S.S5A for sixty days;
posted rates, 81 S6i2d4 g, and 81 S7l2d4. IS.
Commercial bills, $i.S5; silver certificates.
were weak; state bonds were dull rail-
road bonds were strong.
New York, Aug. 4.-The great majority
OF the sales of stocks on the exchange to-
day was made al prices very substantially
ahoVe last nights closing. But the mar
ket succ umhed in the last half hour TO
a sudden selling movement induced by
profit taking The effect was to wipe out
nearly all the earlier gain in most stocks
and to leave the average level of the
market but little change from yesterday.
The sales of all stocks attained an ag-
gregate of over $4,000 shares The deal
ings in the last half hour were all at
lower prices and the only stocks to es-
cape the effect of the fall were those not
included in the later dealing. Except for
the final decline the market was almost
a repetition of that of yesterday, copious
purchases being made on pretty nearly
every stock in the list.
Very many sales of odd lots were re-
corded. rejecting the ventures of small
-,
houses. There was not much discrimina-
ton shown in this class of buying, which
embraced some Of the stocks which have
almost passed out of the field of atten-
ton on the exchange. A notable feature
of the trading was the heavy selling for
foreign account and the readiness with
which these sales were absorbed and their
sentimental effect disregarded.
Northern Pacific preferred, was the chief
sufferer in this respect as on yesterday. 1t
is estimated that the total sales in Lon
don reached $4,000 shares for the day.
This was almost without effect on prices
here and failed TO check the further fall
in sterling exchange, which was affected
by heavy offerings of grain bills. London
was apparently eager to realize on Ameri-
can securities and steadfastly declined to
enter the tempting field of speculation Of
fered by the New York market
The industrial group and the Gas stocks
were conspicuous again to-day for
strength, Consolidated Gas leading and
showing a further net gain of five. The
Changers were heavily bought and adj
Vanced at one time nearly a point The
final decline left the net gains in these
and other active stocks only a fraction.
The Erie stocks, Vanderblts and the
Anthracite Coalers We're also notable for
some sharp gains. Sugar rose at one
time "a, but closed with only a fractional
gain.
The total sales of stock to-day amounted
to $1,000 shares, including Atchson pre-
ferred, 9,345; Chesapeake and Ohio, 10,72O;
Burlington, 1875; Erie, new, 1885, Louis
vile and Nashville, 1875; Northern Paci-
fic preferred, %, 800; Northwestern, $3.50;
Ontario and Western, $500; Reading, 81
357; Rock Island II 90; st. Paul, 1892;
Southern railway, $50; Tobacco, 53,72J;
Bay State Gas. $780, General Electric,
Il 10; Laclede Gas, 5,4SO; Silver certificates,
5000; Sugar, 26,170; Western Union $3.50;
Chicago Great Western, 1896. Opera tons
in railway bonds were attended by violent
fluctuations in some cases, with Georgia
Pacific lists and Union Pacific AZ conspic-
uous for advances for 31a per cent. The
market exhibited a very strong tone
throughout, with dealings on a heavy
scale. The aggregate sales were SO, $40 COO
Governments were heavy on moderate
sales.
Nraur Xorlx