The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-04-27

tory, 145 bid. Isl asked; Langley Factory
104 bid, 1854 asked; Enterprise Factory,
common, 9S bid 80 asked; ]. r. King
Manufacturing Company, 104 bid l05 ask
ed: Sibley Manufacturing Company, 70
bid. rs asked; Savannah Brewing Com
pany, - bid. IS asked.
New York, April 26.-aioney on call was
easy at 1i4G11a per cent; the last loan was
at IL per cent. closed 1Aq1l2 per cent.
Prime mercantile paper Sl2a4 per cent.
Sterling exchange easier with actual bus
mess in bankers bills at S4.SSG4. $50 for
demand. and S4s6izG4S694 for sixty days.
Posted rates, $4.S7ia and $4.SSl4@4Ss. Com
mercial bills, $4S53i Silver certificates.
613s d62Ac. Bar silver. 81 11-16c. Govern
ment bonds weak. State bonds were dun.
Railroad bonds were dun.
New York, April 26.-The Evening Posts
London financial cablegram: The stock
markets opened strong to-day on the be-
lief that the Greek defeat means a speedy
termination of the war. There was no
public support, however, and the markets
closed under the best SIN, the tone was
fairly good. The settlement shows a small
account, and money is easy. The tone OF
Americans is good. The natness of KAT
frs is a discouraging feature. The New
York gold shipments 10 Austria excite lit
tie interest here at present. In good quar-
ters ii is estimated that Austrias require
ments of gold this year viii be about
fS 000,000 AT to-day's rate Of 7-16 for dis
counts, no American bills are Offering.
The Paris and Berlin markets were good,
but the close was under the best.
New York, April 26.-There was not
much animation to the stock market to-
day, but the bulletins were attributable TO
the fact that the exchange closes to-mor-
row for Grant monument celebration and
dealers showed their usual Discrimination
to embark on extended ventures on the
Of, H., L
cally without interruption all day and the
close was strong on the belief that the war
between Turkey and Greece Is near at an
end. Americans advanced in London and
London also bought some stocks on the To-
cal exchange. This all went TO encourage
buyers and il is thought there would have
been more of them had il not been for the
impending holiday. The news of the en-
gagement of S1,500,000 of gold for shipment
to Europe Gl000000 from New York and
100000 from Boston, was dsregarded en-
tirely in the stock market. In striking
contrast to the connection caused among
stocks at the time of the preceding out
going gold movement. when report of a
shipment of 100000 would often sell the
market off an average of a point II is
generally accepted that the present ship
ment Is due TO the special pressing de-
mand from Japan and Austria for cur
Tency purposes This special demand has
created a pfdcucal premium on gold IN
London Without this premium the pres
ent rates of exchange would not leave a
sufficient margin of profit in gold ship
ments TO be worth while. The profit is, in
fact, very small as ii is. The enormous
outstanding trade balance in favor Of this
country, amounting to over S300000000, the
continuing excess of exports over i'm
ports and the Frightening prospects for
American securities In foreign markets
largely abates uneasiness regarding the
exchange situation due TO heavy imports
and the heavy credits carried by the out
going tide of American tourists to Europe
The total sales of stocks We're 113, 500. The
transactions i'm speculative bonds were
marked by decided strength with the inter
national liens leading in the Improvement
Business was light. The aggregate sales
footed up only 100000. Governments ruled
firm during the early session, but in the
late call concessions were noted from the
best prices. The sales were $4,000.