The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-28


Factory Bonds-Augusta Factory Ss. 1o1
bid, 102 asked; Enterprise Factory IS. 100
bld, lOl asked; Eagle and Phenix Manu-
featuring Company per cent, bonds, =
pa 40 asked; Sibley Manufacturing Com
pany Is, 10l bid, 102 asked
Factory Stocks-Savannah Cotton Fac
tory - bid, Is asked; Augusta Factory.
% bld, 50 asked; Granitevlle Factory, AS
bid, l5l asked Langley Factory, 1O4 bid
I0o14 asked; Enterprise Factory, common.
IS Dld, 80 asked J. r. King Manufacturing
company, l04 bid, 105 asked; Sibley Manu-
featuring Company, 20 bid, 76 asked: Sa-
Vannah Brewing Company, 50 bid, "a asked
New York, Dec. N.-Money on call firm
al S44 per cent. the last loan was at
per cent. and at The close was offered at
oQo42 per cent; prime mercantile paper, 81
q4% per cent. Sterling exchange firm
with actual business in bankers bills. az
N.S4Aa4.S4l9 for demand and at $4Sl1k6
4.Sl94 Tor sixty days; posted rates, $4S21RGI
4.SS ana 4.S5l2u4S6; commercial bills $4.S1
Silver certificates, 57d577sc; bar silver
pc; Mexican dollars, 459sc. Government
bonds easier; state bonds dull; railroad
bonds strong.
Washington, Dec. .2T.-To-day's state
ment of the condition of the treasury
shows Available cash balance, SOS, ga, $40;
gold reserve, $160, 2J0O62
New York, Dec. 2T.-The only active in
terest in to-day's stock market was man.
rested by professional traders and these
devoted themselves altogether to the really
speculative favorits of the market, which
comprise one group known as the special
ties and more particularly the stocks of
local corporations and traction compa-
Mes The tone of trading was unset
tied at times and very feverish. The
strength of the specialties caused
strong opening and upheld prices in the
general market so far as there was any
movement. marked weakening in Su-
gar and a general movement TO realize
due to the continued stiffness OF money and
to some extent TO expressed apprehension
over threatened developments in the far
east,carried prices below last weeks level
where they remained, in the case of many
leading stocks, until the close.
To-day was holiday in London and
there We're no quotations for British con-
soils, the accepted barometer of European
politics. There was, however trading on
the continental bourses and reports from
there did not indicate any acute apprehen-
sion over the outlook in China There
Were some railroad stocks which showed
exceptional movement One of these was
Chesapeake and Ohio, which was bought
heavily by a leading bull operator and
which advanced nearly a point. The Az
per cent. bonds of this company was also
in good demand and advanced 112 per cent.
st. Paufs net earnings for November show
an increase of $Z4,7S7, failed to sustain
in the stock and assisted in the heaviness
in the Changers, excepting Burlington,
which was particularly active. The third
weeks statement is at hand of southwest
railroads and is not very favorable, nota-
bly, that for Kansas and Texas, which
showed decrease of $2S, 4S9, aud that for
st. Louis and Southwes tern with a falling
off of over $4,000. as compared with last
year.
The situation in the money market
hinged on the Union Pacific payment and
the Pacific bond redemption. The sub.
treasury's debit balance at the clearing
house to-day was 81 57 9SS and this was re-
ported government checks for redeeming
bonds which have been coming through
the banks. They were coming to-day and
the government was sending out checks
from Washington for further payment
Butsthe money from this source had not
come back into the market with sufficient
freedom to prevent it feeling to-day's
Union Pacific payment to the government
of about $S,500,00O even though $1,000 coo of
this is left by the government on deposit
in New York. There was considerable
calling of loans to-day and the rate paid
to replace them ranged some 49, to Az per
cent with the majority at 4 per cent.
There was a rise also in the rates of sterl-
ing exchange to-day, which precluded the
idea of any immediate further gold i'm
ports. In the final dealings there were
some sharp reactions in the specialties and
coalers which wiped out al the pre-
vious gains and in some cases left prices
materially lower. Manhattan was a no
table exception, closing near the top at a
net gain of 25s. Most gains and losses in
the great list were rather narrow and
mixed The tone of the bond market was
firm and in some cases sharp gains were
shown. Total sales, $500, 900. United
States old As regis tered were Is lower bid.
Total sales OF stock to-day were 2S7. 400
shares, including Chesapeake and Ohio, o.
1893; Chicago, Burlington and Quincy, q, VI
S56; Louisville and Nashville, 5000; Man
haitian, 1925; Metropolitan Street Railway
Company 9,617; Northern Pacific preferred,
$780, Reading, 1880; Rock Island, 6,645; st. |
Paul, 9,164; American Tobacco. 4240; Chi
cago Great Western, 1868; Lead, 3,445;
Sugar, 44O11; Tennessee Coal and Iron, g.
$40; Western Union, $3.50.
New York Closing Stocks.