The morning news., 1897-08-06

western, 92l2 bid, 9Sla asked: At
lanta and West Point railroad stock. 10l
bid, 102 asked; Atlanta and West Point
per cent certificates, l02 bid, 1903 asked;
Savannah Construction Company, - bid.
70 asked.
Gas Stocks-Savannah Gas Light stock,
21la bid, 22lA asked; Electric Light
and Power Company, 90 bid, 60 asked.
Bank Stocks ElD.-Citizens Bank los
bid 1O9 asked; Chatham Bank, "A bid. 4421
Germania Bank, 107 bid, los asked; Mer-
chants National Bank, So bid S6la ask
ed National Bank OF Savannah l24 bid
125 asked; Oglethorpe Savings and Trust
Company, 1882 bid, 105 asked; Southern
Bank of the State of Georgia, $50 bid, 155
asked, Savannah Bank and Trust Com
pany, 10U bid, 101 asked; Chatham Real
Estate and Improvement Company, A, So
bid, So asked; B, 54A bid, 54ls asked; Peo-
pies Savings and Loan Company, 80 bid.
SO asked.
Factory Bonds-Augusta Factory 6s, iO1
bid 1O2 asked; Enterprise Factory 6s, 100
bid, 10l asked; Eagle and Phenix Manu-
featuring Company, per cent bonds, 40
bid AZ asked; Sjbley Manufacturing Com
pauy IS. lOl bid. 1O2 asked.
Factory Stocks-Savannah Cotton Fac
tory, bid, 25 asked; Augusta Factory.
80 bid SO asked Graniteville Factory, las
bid 151 asked; Langley Factory, 1O4 bid.
1854 asked; Enterprise Factory, common,
90 bid SO asked; ]. r. King Manufacturing
Comnany, 104 bid. 105 asked; Sibley Manu-
featuring Company 70 bid, rs asked; Sa-
vannah Brewing COMPANY. - bid So asked
New York, Aug. 5.-Money on call was
easy at lG112 per cent; the last loan was
at l, closed, offered a per cent; prime
mercantile paper, 304 per cent Sterling
exchange very weak, with actual business
in bankers bills. at $4 S6ssG14 S6a4 for de-
mand and at 81. .S5AG4. S51a for sixty days
posted rates, 81 S612d4 81. and 4.S7I5d4 S.
Commercial bills, $4.S4. Silver certificates
5Ga57c; bar silver, 55%c; Mexican dollars
42l2c. Government bonds firm; state
bonds were dull; railroad bonds were
heavy
New York. Aug. 5.-Evening Posts Lon
don hnaneial cablegram: "The intense
neat helped to make all the markets limp
mere to-day, and profit taking was gem
eral in both kaffirs and Americans To-
days rally was mainly due TO the support
OF Kaffirs from Paris and support of
Americans from New York and Germany.
Denver and Eries were especially strong
1t is believed here that the reaction is
quite temporary, and a further rise is
looked for. The totals of the gold move
ment for the week are f54 600 imported
from Australia, $50 coo from the Cape, and
fl0CJO from China. l learn that in addi-
ton 10 the 100000 already dispatched from
Sydney to San Francisco, further large
shipments are being arranged. Silver is
uetllol dllHGu. L am t0lO America Is Otter
Ing freely. The Paris and Berlin markets
We're firm.
New York, Aug. 5-To-day's market
was an inversion os yesterdays. in that
II displayed heavy tone during the most
of the day and rallied strongly during the
last half hour. The days net gains were
almost all in the last half hour, while on
yesterday a half hours profit taking at
the close wiped nearly all the earlier
gains. There was a feverish tone to the
trading to-day and erratic Varia tions
which, coming after yesterdays freedom
in speculative buying, was pointed to as
significant of elimination of bull move
ment. There were evidences of powerful
manipulation in the market to further the
unsettling tendency and to cause reac-
tion. But the heavy short sellers of the
day apparently lost confidence in their
theory OF reaction and started 70 buy
back their stocks on a fast rising market
This shortcoming was the main cause Of
the strong rally at the close. There was
nothing unfavorable in the general situa-
ton which they could avail themselves Of
the crop prospects were good the decline
in foreign exchange continuing TO favor
rise. In addition to this some of the re-
ports of the railroad earnings for the
fourth week and month OF July, especially
those Of southern roads. were strong in
fiuences for an advance. Thus Louisville's
iiiNlfeSt III tdiiiilgS lOt lkle IOulIn week
exceed over the corresponding period OF
last year, was Sl0S 139. The stock re-
sponded to the statement, which was pub
hshed i'm the afternoon, rising over point
and influencing the whole market
Other increases for the fourth week
were the Chesapeake and Ohio, s69,Gi9:
Missouri Pacific, SI7000 Kansas and
Texas $29. 5S2, the latter figure being also
compared with the largest previous July
week in the cOmpanys history.
The buoyancy displayed by some Of the
individual stocks, such as Tobacco, La
Clede Gas and Spirits also operated
against the efforts at reaction. on the
other hand, the reaction in the wheat
market due to the profit taking and to
some falling off in foreign buying orders
affected the western railroad stocks sym
pathetically. The heaviness in some OF
the most active Industrial stocks made
the vulnerable points % attack by short
selling.
Sugar was raided with vigor and reced-
ed 27s from the high point. Consolidated
Gas suffered from fear Of obstruction TO
the scheme Of amalgamation Of gas com
panies and slumped Z points. The aver
age decline In the market worked by the
bears was nearly ] per cent, and In Chi
cago Gas and Northern Pacific. preferred
was more, the latter being especially ar
fcc.ed by continued London selling. Lon
NDti SOU nNliAik the AAN dnOAl E0.NU NnHroW
Of all stocks Early declines were almost
all recovered ana net gains achieved,
though they were for the most part small.
Changers and Vanderbilts responded TO
the rally in a conspicuous degree
The total sales OF stocks for the dav
were J67.s .s95 shares. including Atchlson.
preferred. 1928 Chesapeake ana Ohio,
300; Burlington. 27f5O: Erie. 59i5: Louis
Vile and Nashville. 1880; New York
Central l542O; Northern Pacific. $50:
Northern Pacific. preferred. li.1g0. Rock
Island l7535; ST. Paul $3.50. Southern
railway. i2S2j; Southern railway. prefer
red. 5000: American Spirits. q. 250: Amer
lean Tobacco. j9.220; Bay State Gas. 1880:
Chicago Gas, NgsO General Electric. $3.50:
LaClede Gas. 1890; Lead $3.50. Pacidc
Mail, $3.50; Sugar. $3.50. Western Union.
$3.50; Chicago Great Western 200J0
Liberal realising impaired heavlness 10
the dealings IN the speculative mortgages
with the losses. however. restricted 10
moderate fractions The middle grade
liens were notably firm with small ad-
vances registered. The aggregate sales
were f2@0,000 Governments were fairly
active and nrm.
New York Closing Stocks
Atchison ......" u do DO pref ..... 49,