The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-22

ana Florida. new IS, 95Is bid, 96ls asked
South Georgia and Florida first mortgages
Is, l02l5 bid. 1851 asked; South Georgia and
Florida second mortgage Is, l02 bid, 7o3
asked; Ocean steamship per cent. bonds.
1926, 1O2 bid asked; City and Suburban
railroad first mortgage Z per cent. bonds,
- bid 81 asked Alabama Midland per
cent Endorsed, 80 bid, 90 asked; Brunswick
and Western As. 65 bid. 20 asked; South
Bound railroad IS. 671s bid 69la asked
Georgia and Alabama first preferred -.
1921 bid 104 asked: Georgia and Alabama
first consols. 80 bid. 81 asked.
Railroad Stocks-Augusta and Savan-
nah 90 bid, 1914 asked; Georgia common.
155 bid, 100 asker Southwestern, 9l1s bid.
90 asked; Atlanta and West Point rail
road stock, 9S bid. 80 asked; Atlanta and
West Point per cent. certificates, 90
bid 100 asked; Savannah Construction
Company, 6S bid, 70 asked. eN-div
Gas Stocks-Savannah Gas Light stock,
2lIb bid. 22iS asked; Electric Light and
Power Company, - bid 6S asked.
Bank Stocks, Etc.-Citizens Bank. 1O9ts
bid. ll0l5 asked; Chatham Bank, IS bid, 46
asked; Germania Bank, 10S bid 100 asked
Merchants National Bank, s6I6
bid. STA asked; National Bank
of Savannah, 125 bid. asked;
Co. 1903 bid, lO5 asked; Southern Bank
of the State of Georgia, 1855 bid, 159 asked:
Savannah Bank and Trust Company, 10l
bid, 1902 asked; Chatham Real Estate and
Improvement Company, A, 5412 bid 551a
asked; 2, 52A bid, So asked; Peoples Saw
ings and Loan Company 9lla bid. 92ih
asked.
Factory Bonds-Augusta Factory 6s. 1O1
bid, 1O2 asked; Enterprise Factory 6s. 100
bid, 101 asked; Eagle and PheniX Manu-
featuring Company, 6 per cent. bonds. 40
bid, AZ asked; Sibley Manufacturing Com
pany IS, 10l bid, 102 asked
Factory Stocks-Savannah Cotton Fac
tory, - bid, % asked; Augusta Factory, 80
bid, SO asked; Graniteville Factory, las bid,
Isl asked; Langley Factory, l04 bid. 1854
asked; Enterprise Factory common, SO
bid, SO asked; j. r. King Manufacturing
Company, 104 bid, 105 asked; Sibley Manu-
featuring Company, 20 bid, rs asked: Sa-
vannah Brewing Company, - bid, IS ask
ed
New York, May 21-Money on call was
easy at 1A@1la per cents the last loan
was at IL per cent, closed offered at lao
IL. Prime mercantile paper, S15d4 per
cent. Sterling exchanged Steady with ac-
tual business in bankers bills, at "a. STA
for demand. and SISSY for sixty days.
Posted rates, $4.S7d4 .SS% Commercial
bills, SISSY; silver certificates. 60isd6O%c.
Bar silver 60c. Mexican dollars, 4712c.
Government bonds were firm; state bonds
dull; railroad bonds were firm.
>
London financial cablegram says: THE
stock markets have grown duieter asfthe
settlement approaches, but the tone to-
day was distinctly good. Cpnsols hard
ened at the close, on the success of the
Indian loan. Foreigners were strong.
notably Turkish Kafflrs, after period
of dullness, closed very strong i learn
that a syndicate was formed some time
back, principally of Berlin and Amster-
dam capital OF about $3.50 600 to operate in
Kaffirs. At the beginning of the recent
rise about f100, 900 is said to have been laid
out on which huge profits have been taken
in the last few days, Such a factor on
a bear market goes far to explain the re-
cent little boom in mines. Official details
of the India 21a per cent. loan of GO. 2O0,000
are not issued yet, but the main facts are
that f13O00,00O were applied for and the
tenders at 95.13 got only4 per cent The
average price will probably be about 81.
1t is quoted on the exchange. at about 971s.
A similar loan year ago went as high
as 113, but money was then phenomenally
cheap The Paris and Berlin markets
We're firm" fcarI rtffet
New York. May 21-The stock market
was relieved to-day of some part of the
pressure of heavy liquidation in the Coal
ers, especially Jersey Central and i'm Chi
cago Gas, which has been the heaviest
drag upon it for several days past. The
on a renewal of faith in the favorable ac-
ton by the Illinois Legislature on the con-
solidation bill Jersey Central also recov-
cred about points from the lowest of the
day on heavy covering movement. The
underlying strength of the market was
thus allowed to assert itself to some ex-
tent and was helped by some special
strength In individual stocks, with the re-
suit that the days trading brought frac-
tional gains all through the list. But,
while the tendency of prices was upward,
the market was totally lacking In buoy
ancy. and was dull and apathetic,. the
dealings being in the strictest sense pro-
fessional and very small, and the varia-
tions, outside a few special cases. were
very narrow. A feature of the market
for the last few days has been the small
volume of dealings i'm Sugar Efforts have
been apparent at different times recently
to repress any upward movement in this
stock since the tariff bill has been re-
ported to the Senate Restricted dealings
in a dropping market would be natural
consequence of this policy. The engage
ment for export of 81 100000 in gold has
had no very marked effect on values, as
the amount was about what has been an
ticipated. The shipment is said TO be In
settlement of bills of exchange sold dur
ing the week The exchange requirements
have been very small and the probabllit
is that such exchange as is called for is
being settled by gold shipment, even at
the low price Of exchange prevailing. and
this is considered to be not unlikely 10
continue. The weeks imports Of dry goods
at New York were valued at 81. s73 2s4,
which is a decrease Of 1923 ISL, compared
with last week. II is probable that the
imports of general merchandise at this
port to be reported tomorrow, will show
a proportional falling Off, the decreased
receipts from customs reported from day
TO day foreshadowing such a result, and
accounting, in part for the light demand
for exchange. London did some buying
In the New York stock market, and was
a factor in the upward teAdency of prices.
New Jersey Central and Chicago Gas
again absorbed about one-third of the TO-
tai dealings to-day, the aggregate sales
OF all stocks being only $4,000 shares. The
railways practically all closed higher.
Omaha leading IA. There was good buy
ing in Western Union, resulting in a rise
OF q on the day. The closing was strong.
though dull, and practically at the TOP
prices of the day.
The total sales OF stocks for the day
amounted 10 1920 shares, Including.
Sugar 500; Burlington. 1880; Chicago
Gas, lS4OO Rock Island, 100; Jersey CEN
trail 1900