The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-22

Company. 1Oi bid, 1O5 asked Sibley Manu-
featuring Company, 20 bid, 76 asked; Sa-
vannah Brewing Company, - bid IS asked
New York, July 2l.-Money was easy at
IA per cent; the last loan was at / per
cent, and at the close was offered at 1
per cent. Prime mercantile paper, 3@4
per cent. Sterling exchange steady with
actual business in bankers bills at $i.S7L
for demand, and 1854 for sixty days.
Posted rates, 81. S71ad4 .SSls. Commercial
bills, &.S51a. Silver certificates. 59s4d601sc.
Bar silver, $3.50. Mexican dollars, 1910.
Government bonds firm; state bonds quiet;
railroad bonds firm
New York, July ,21.-The Evening Posts
London financial cablegram says THE
stock markets We're lifeless to-day, the
only feature being the extensive buying
of Canada Pacifics, the rise in which was
stimulated by the new gold fields. The
Greek division bought 5000 shares in
line. The price closed at 20. Americans
were neglected here, but the market was
impressed by the constancy of the sup
port in New York, and it is believed that
II this sustaining influence continues much
longer the public may invest soon. Gold
is in strong demand again for the con-
tinent and about 100000 due to arrive on
Saturday next. has already been taken
for export This demand, with the rise
IN New York exchange, is accepted as
indicating that the United States may
lose little gold for Europe. The Berlin
market was quiet and that in Paris firm"
New York July 2l.-The stock market
to-day was generally steady to firm but
at the closing was strong at a better level
for not only the more active shares but
also for shares usually quiet and unobtru-
sive. One of the most potent influences
was 2-cent extreme rise in wheat and the
export orders of over a million bushels of
. wheat, while yesterday the enormous
NJ q md q hole G1a.a1-
engaged for export, is the largest days
business in number of years. Other in
huenceS We're the treasury's continued
gain in gold, favorable crop outlook and
predictions of the tariffs early becoming
law. Predictions were not wanting that
this country would provide a large credit
balance abroad next year, although there
was possibility of moderate gold exports
soon Speculative and commission houses
orders were sustaining influences in the
local market, while foreign bankers main
tanned that recent London sales were re-
ally the liquidation of purchases in Lon
don for New York account. The highest
prices for the present movement were re-
corded to-day by Chicago Gas, Rock Island,
Brooklyn Rapid Transit, Chicago and
Great Western and Missouri Kansas and
Texas preferred. as well as some less nota-
Bile stocks. Compared with month back,
twelve industrial stocks are quoted to-
While twelve RAILROAD stocks advanced 212
per cent. This rise of course is a constant
temptation to those who, for several years,
have found short sales at every sharp
advance ultimately profitable. but bulls
argue that the improving business situa-
ton and expected increase in railway earn
ingS Will sustain prices Lead was buoy
ant on good buying. Chicago Gas advanc-
ed on continued buying, in view of the div
idend expectations. Consolidated Gas
broke per cent, part of which 1t subse-
quently returned. The disturbing feature
seemingly was the fear that the consolida-
ton of other companies, if it materializes,
would lead TO sharp competition. The
Changers were in pretty good demand, no
tably Rock Island, which improved on re-
ports of immense crop results in Kansas
and Oklahoma crop prospects. Hopes of
an early settlement of the coat strike up
lifted Tennessee Coal and Iron, although
the June report was far more favorable.
Wheeling and Lake Erie preferred was
also benefited by the former influences.
The rise in Brooklyn Rapid transit was
on conviction that important street rail-
way unions were approaching.
The total sales of stock to-day were 308,-
800 shares, including Atchison preferred,
5,515; Chicago, Burlington and Quincy, a.
400; Missouri, Kansas and Texas preferred
10,031; Reading, 1900; Rock Island, II 800;
ST. Paul, st. Louis and Southwestern pre-
ferred, 5.133; ST. Paul, 27,949; American
Spirits, 6,ST; Chicago Gas, 2S, $50; Lead,
1891; Sugar 5O,3l6; Tennessee Coal and
Iron, $3.50.
Dealings in railway and miscellaneous
bonds was IN considerable volume at
marked enhancement in values of some
securities.
The Central of Georgia liens responded
notably to the favorable statement of the
fiscal year, and some other issues received
better support than for some time The
aggregate sales were 50, 100000 Govern
ments hold firm on light transactions.
The sales were 5000.