The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-04

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asked.
New York Sept. S.-Money on call was
easy at ll4W2 per cent; the last loan was
at per cent; and closed a 1i5d2 per cent.
Prime mercantile paper. 3&dH5 per cent
Sterling exchange strong with actual bus
mess in bankers bills at A.S57sQ4 S6Ac for
demand, a AS3A04. for sixty days
Posted rates, $4Siihd4S5l9, and $4S6islD
46l. Commercial bills, $S2i5 Silver Ger
tncateS, 62Ac. Bar silver, SIC. Mexican
collars 4l9sc. Government bonds were
strong; safe bonds were dull; railroad
bonds We're strong
New York, Sept 3.-The total bank
clearings for the United States for the
week were N,129 45, SIG; percentage Of in
crease, 1868; exclusive of New York, $751;
S92, 75S; percentage Of increase, 240
New York, Sept. 3--The Evening Posts
London financial cabegram says: "The
STOCK markets We're quiet and steady to-
day. The feature being the buying Of
Americans which are exciting increased
attention. The stimulus comes from New
York, but Notwithstanding continued sell
ing here, a steady stream of buying also
goes on. To the onlooker the position of
Americans is very interesting. con-
slant question among city men, and one
which, in sense, will give some clue to
the position is, Is the public here once
again to step in at the last and relieve the
United States of stocks at boom prices?
1T Is generally believed here that the
rise Will go still further, but specula tors
certainly show much caution. Prices
closed firm at the best Amid cheers, Mil
waukee has just been dealt in al over par.
The New York buying to-day was very
large. 1t was rumored that Japan had
released some of its deposit money, but
this is not true. The Paris bourse was
firm, and the Berlin market was quiet
after dullness.
New York, Sept. S.-To-days market was
much more regular than that of yester-
day, the notable advances being not so
papably manipulated and the concurrent
profit taking in other stocks, not being
on so large a scale. The market through
out was stronger and the average level
of prices raised further than yesterday.
There was decRase of activity in the in
dustrial stocks and the dealings in the
standard railroad shares were large; aug
mented, the buying through commission
houses being confident and on a large
SCALE The volume Of transactions i'm the
Vanderbilt group, which played such a
conspicuous part in yesterdays market
showed a considerable falling off, but
they retained the sharp gains accomplish
ed yesterday and, in fact, closed the night
higher. Northwest sold as high as yes
terday's high point, but feacted. But
the center Of interest in the market was
shifted to st. Paul, which sod during
the day at 80, a net advance of 3%, and
which crossed Burlington during the day
on enormous transactions St Paul was
aided by the statement Of estimated gross
earnings for the fourth week in August
which showed an increase over the cor
responding week last year of $108 100
The railroads We're stimulated also by
the circulation OF rumors without definite
authority that the dividend rate would be
increased. The statements of Burlington
for July, and of Rock Island for August
We're also helpful to ST. Paul. Rock ISL
and's increase in gross for the month Of
August was 1915, so. These incidents
served to put the Changers again in the
lead Of the market and their strength
helped the whole list. The rise in st
Paul invited profit taking, not only in that
stock, but all through the first and,
though u rally followed, closing prices
Were not at the best.
Sugar moved up and down in a feverish
ana cratic manner over a range of 5
points, TO a new high record of 1897 and as
low as l5ll2. The Changers and many
other stocks touched new high levels for
the year Louisville and Nashville was
exceptionally strong all Gay and gained 2
points net. Many other stocks that have
been under recent pressure of profit-tak-
ing moved up to-day. This was notably
true Of the international interests. Union
Pacihc being an exception. on account OF
the reports that the government would
oppose the foreclosure sale upon which is
based the reorganization plan. The stock
lost fraction London prices for AmerI-
cans were higher and London bought
about 1900 shares here on balance.
The total sales of stocks to-day were
6S9,S25 shares, including Atchison prefer
red, 1855; Canada Southern, $500; Ches.
aDeake and Ohio, y 800; Chicago, BurIine
ton and Quincy, 500; Cleveland Cincin,
natl, Chicago ana st. Louis, $500; Illinois
Central, $500; Louisville and Nashville, 81
40; Missouri Pacific, 1900; New York Cen
trail, l2lOO; Northwest. 1880; Reading. TO-.
$50; Rock Island, %, 22O St Paul, 1853. 900.
st. Paul and Omaha, 1920; Southern Rail
way preferred, 1885; Wabash preferred.
$500; American Tobacco, 1920; Bay State
Gas, $780, Chicago Gas, 12,3O0; General
Electric, 6,4O0; Pacific Mail, 1880: Sugar.
$3.50; Tennessee Coal and Iron. 71OO.
United States Leather preferred. 1920
United States Rubber, 800; Weston
Union 3O920 Chicago Great Western Is.
200. ~
Bonds were active and higher. Total
sales S.6OO,OO0. United States registered
IS sold at ll2H; new A.. coupon at 1876 and
coupon 5s at ma total sales, $25,000
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