The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-28

business in bankers bills at S4S6Aa4.S7 for
demand and $4.S5S4 04S6 for sixty days
Posted rates $4S61s@4S7 and $4SSd4. ssh.
Commercial bills $4.S5. Silver certificates
60lsd60l2. Bar silver Coo Mexican dollars
474c. Government bonds were strong:
state bonds were firm
New York, May 27.-Evening Posts Lon
don financial cable: There was a further
general improvement in the stock markets
to-day partly due to the glorious weather
Home rails are booming again but quite
the feature is the strength of Americans.
cannot report much public interest but
the personal interest undoubtedly in
creases with every bullish talk. Atchison
adjustments were again strong the mar
ket, however going for the per cent.
dividend in July. New York prices were
a little disappointing, and hence a slight
reaction came at the close. Kaffirs were
good not the least factor in the stocks
at the moment is Mr.. Laboucheres' posi-
ton on the commission of inquiry Details
OF the gold movement of the week show
the sales of 1884 in gold, chiefly for
Russia and Austria, and the receipts of
floe'OOO from the cape and of $4,000 from
Australia"
New York. May 27.-The market was
quite strong for a time to-day, but the
rather sensational slump in the rubber
shares. and the large selling in Baltimore
ana OHIO, put stop to the rise, and also
to the activity of the tradings The vol
ume in the dealings of all stocks in the
three hours of trading after the noon
hour, was only one-third of that for the
two hours before noon. The lack of con-
hdence in the stability of values on the
part of the professional traders who still
control the market almost altogether was
Illustrated by the promptitude with which
| they proceeded TO take profits on rather
slight uyhn
| the bulk of the trading are evidently in
| the market for a short turn, though there
was some continuance to-day of the com
mission house buying which has indicated
awakening of outside interest in the mar
| ket The fall in the Rubber shares was
coupled with a rumor that it was caused
| by liquidation of interests retiring on ac-
count of the declination of a reelection
| by President Evans. This accumulated che
| decline, without the sales reaching an ex-
traordinary volume. After an extreme
| decline of 31s for the common stock and
| "A for the preferred, these stocks rallied
| rather strongly, the common closing at
| L, and the preferred at 60l5. All the secu-
| rites of the Baltimore and Ohio that were
| dealt in showed heaviness on the belief
| that the company will default on its June
l interest payments, which. including in
| terest on both bonds and receivers GER
| tlhcateS, amount to about 100000 The
stock fell IL and rallied only the frac-
| ton. OF the bonds the fives' of 1926. sold
| 10 points off; do registered points, and
| the consolidated fves u points off One
| or two other incidents served to depress
| values somewhat, one being the hearing Of
| the arguments on the order enjoining the
summonses to coal road presidents to an
| sWer charges of conspiracy under the New
| York antitrust law. This hearing was
| postponed without notably relieving the
coal shares from pressure Some senti-
| mental effect was exerted upon Sugar
stock by the trial of the president of the
| company for contempt of the Senate but
| the dismissal of the case at Washington
| yielded no substantial benefit to the stock.
| The market was remarkably dull at pc
| RODS of decline. London appeared to be
| a ready buyer of nearly all the interna-
| tional stocks when they fell below the
| London parity. The total purchases for
| London account were estimated at 12mO
shares. The net changes in prices are
narrow, but are mostly losses, some few
stocks showing gains which reached a
point in the cases of Michigan Central and
Erie first preferred. The total sales Of
stocks for the day amounted to 1876. 593
shares, including American Sugar u. 600;
Burlington, 100; Chicago Gas, Il. 900; 81.
| Paul, 1900; Western Union, $500 The
railway and miscellaneous bond market
y a characterized by violent fluctuations
| in number of cases, including the Balti-
more and Ohio liens which are elsewhere
referred to and Kansas City and Pacific
! lists which receded 3A per cent
Marked strength was noted in some Of the
| prominent issues which was attributed 70
| liberal purchases for continental account
The sales were s1,239,00O. Government
bonds were strong and higher on transac-
lions of S43 600