The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-08

I.83l504S4, and $l.SGhd4S7. Commercial
bills 1882. Silver certificates, 5JAM6gl@c.
Bar silver. G)Hc. Mexican dollars, 4Hsc.
Government bonds firm; state bonds were
duh; railroad bonds We're strong.
New York. Dec. THE Evening Posta
London financial cabiegram says: TX
cept for home rails and ArEentiues, Whach
were firm, the stock markets here were
lifeless to-day. A further large sum was
borrowed from the Bank of England to-
day Much interest IS felt as to the prob
able announcement tomorrow by the ln-
dian council as to the resumption q the
weekly drawings, II is generally believed
that they will be resumed, but very grad
ually.
americans opened dull the London
newspapers criticism Of president Mckln-
ley's message one and all, rejecting NO
great admiration, still operations in Amer
leans now are so small as scarcely % be
a factor AS New York bought this after
noon the market closed firm. southern
railway preferred was strong, on dividend
rumors. The bourse was irregular on the
Berlin market, The Bank of France IS
charging a premium Of per mile 70 pre-
New York. Dec 7.-To-day's stock mar
ket displayed noteworthy strength
thuoughouf The day, and the demand for
stocks was broader and more widely dit-
fused through the list than had been the
case in a long time.
probably induced by the lower prices from
London and some Of the stocks Whlcn &c
veloped most aggressive strength, atsf
This was notably true in the case or
louisville and Atchison preferred. The
early strength in the market was, III fact,
most notable in the speciallles. lneTe was
a scramble Of competing orders ~ sugar,
which carried that volatile security up
95a per cent in the first fifteen minutes
Of The trading il dropped points all
most as quickly on offerings to realize.
The largest gains In the first hour We're
an IN the sDecialtes. southern preferred
was the first OF the railroad stocks 10 at
fpapf price was
advanced a point. New Jersey Central
also showed tendency TO recover from
rather feverish. This and the irreguiarity
Of Sugar checked the advance and actlV-
iiy of the market az times, and mere was
several periods of duilness on shght re-
actions during the day
1t was not until the afternoon that the
strength Of the railroad list became ag-
gressive. Burlington advanced, at one
time, a point, but reacted before the close
and Changers and western stocks did not
compare faVoraby in strength with those
la the southern section. which to-day be-
gan to feel the influence of the remark
able showing IN the grams OF the gross
earnings for the fourth week in Noyem
Der, which have been reported by the
roads in that region.
Even Northern Pacific did not respond
as readily, though its preferred STOCK
! gained point net on fourth week state
ment that shows an increase in earnings
| over the corresponding week last year o
| 1854 TO which is only a shade less thar
| 100 per cent The comparison, however
/ Is with q week Of not very large earning
| last year. The statement for NoVembe
/ Of New York Central was regarded as dis
4 appointing, the increase being only SIS, G0f
| as compared with q month Of not yer.
| heavy earnings last year. Great Northerl
| for November showed an increase Of $685.,
! 1873 and Illinois Central $G6i SCI.
! The market was helped, also by tn
| dividend declarations announced to-day
| and those in prospect The street was fu
| of rumOrs regarding the dividend on ST.
! gar, but no authoritative announcement az
! companied any of them. The action of th
market reflected, very distinctly, the larg