The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-23

bid. Isl asked: Langley Factory 104 bid.
1854 asked Enterprise Factory, common,
SO bid, SO asked J. n. King Manufactur-
ing Company 104 bid, 105 asked; Sibley
Manufacturing Company 20 bid, 76 asked;
Savannah Brewing Company, so bid, IS
asked.
New York Oct 22-Money on call was
easier at 1d2 per cent, the last loan was
at per cent, and closed offered at l per
cent Prime mercantile paper, 4Q42 per
cent Sterling exchange firm, with actual
business in bankers bills at 81. S5lp4S5A
and A.S21a for sixty Gays The posted
rates were &.S2la04.SSl4d4S5 CONNER
cial bills, S4.Sl. Silver certificates, b712GQ
SOC. Bar silver. 5Shc. Mexican dollars
45c. Government bonds were strong; state
bonds We're dull; railroad bonds were firm
New York oct 22.-The Evening Posts
London financial cabegram says The
stock markets were quiet and duh
to-day on the tightening of the
money market Borrowers to-day
were driven to the Bank of
England, where per cent is charged
Americans were lifeless and duh. AS af-
fecting future gold movements between
New York and London i learn that New
York is liquidatng considerable sterling
engagements here. 1t appears also that,
early this year, certain of the American
railways concerned in refunding schemes
borrowed large sums here for about six
months at per cent, money then being
very cheap. Now that money is tight and
certain refunding schemes have been car
red through, considerable repayments are
expected in November, thus, to that ex-
tent, decreasing the chance of god export
TO New York The Berlin and Paris mar
kets were quiet"
New York, Oct 22-To-day's stock mar
ket was a contest between professional
traders, and the result shows a drawn
III l,4N11 .taI hna Fff
changes being extremely narrow in almost
all cases, but those on the side of gains
being very few. The bulk of the day
trading was done at a level of prices very
materially below that of yesterday. The
opening was al a sharp decline in sympa-
thy with London, at which point specu-
latton was very dull, owing to the hard
ening tendency of the money market and
fears of impending stTngency there. The
old apprehension of Spanish complica-
tons was also used with good effect by the
bear traders.
The decline of the morning reached a
point or over in large number Of stocks,
including the leading industrials, the
Changers, Union Pacific and the South
westerns Union Pacific was affected by
the reports of the formation of an oppo-
sition syndicate to bid for the property
at the foreclosure sale. The turn in the
market came with a sharp recovery in
Chicago Gas on a definite report from
Chicago that the control of the threatened
opposition has passed to friends of the
company. Sugar stock was quiet and
strong during the remainder of the day,
selling at one time "a points above last
nights close, on the estimated benefits to
accrue from countervailing duties on re-
fined sugars from foreign countries which
pay a bounty. Union Pacific was relieved
from the early depression by statements
inf al n
the opposition syndicate denying their
connection with II. Recoveries a one time
during the afternoon were complete in al
most all cases, but prices fell slightly be-
low the best and below last nights close
in the final transactions.
Dealings in Bay State Gas were on a
notably large scale, very heavy blocks
changing hands. The fluctuation of the
price was limited to 49, There were times
during the day when the market was al
most stagnant, and there were no evil
dences of any outside interests in business.
The money market tended toward an
easier tone, no call loans being recorded
above per cent, though the asking rate
is still retained at 23 per cent, by some
banks To-morrow's bank statements is
expected to show a marked increase In
the surplus reserve. over S., ZOO 900 of gold,
which was received from abroad last
week, was not included in last week $
atoms and the interior movement have
! also resulted in a net gain to the banks.
Outside banks have continued to bid In
this market for commercial paper, which
may have led to further decreased loans
In. the bank AS result Of these
operations the statement is expected to
show handsome increase in cash.
Business in bonds were quiet and prices
moved in sympathy with stock, but over
narrow range. Iron Mountain IS and
Oregon Improvement issues were notably
weak. Total sales 1890 900. The total
sales of stocks to-day were 267, 400 shares.
New York Closing Stocks.
AtchIson ...... 1875 st. Paul ....... 941A
do pref. 299s do pref. ..... 140
b. & o. ........ 141s ST. =. & ON. . 500
Can. Pacific. SO5s do do pref ....142
Can. So. ........ 5GA st. F. M & M.121
Cent. Pac. 1914 So. Pacific $40. 20A
Ches & Ohio. 225s SO. Railway ... 10
Chi. & Alton. 1850 do pref. ... 315A
Chi. B. e. O.. 95A Texas & Pacific 117b
Chi. & e. H.. 50 'Un7on Pacific, 25A
C.CC. & st. L. 81 U. P. d. & c..
do do pref .... so Wabash ...... IA
Del. & Hudson. 1l54l do pref. ..... 1881
Del. L. & Wilt Wheel & L. E.. 1ss
Den. & Rio c.. u do do pref. ..111K
do pref. ...... 46h Adams Elk. .158
Erie new ..... 157s American Elk. .1l5
| do 1st pref. 3Sls United States 80 Al
FIT. Wayne ....167 Wells Fargo .108
CT. Nor. pref. .135 A. Cot. Oil ...... 2l1z
| Hooking Val 81 do pref. ...... H1z
| Illinois Cent. 102lz Am Spirits .... III
Lake E. & W.. 17A do pref. ....... 28ss
do do pref. =. 75A Am. Tobacco =. S2M
| Lake Shore ....1n do pref. .......1l0h
! l.. & N. ...... 57h Chicago Gas q. 963s
| Man. l.. 1925 Cons. Gas ..... .212lk
Met. Traction.1N Com. Gable Coils
! Mich. Cent .106A Col. F. e. Iron. %
MINI. & st. L. 25 do do pref -. 50
do do LIST pref S51k Gen. Electric =. 3iIs
Mo. Pacific 80. 3l1a Illinois Steel .... 49,
/ Mobile q Ohio 27lz La Clede Gas. 1874
| Mo. X. & L. 1871 Lead ........... 35a4
do pref. ...... IS do pref. .....105
Chi /. g. L.. 9A Nat Lin. oil -. 16
do do pref ;. 30h Ore. Imp. Co. Is
! N. j. Central. 9ih Pacific Mail 80 SO
NJ " Central 100 Pullman pal 17fik