The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-07

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81 bid, % asked; Electric Light and
| Power Company, - bid 65 asked
Bank Stocks, Etc.-Citizens Bank. 100
! bid, - asked; Chatham Bank AS bid. 45lb
asked Germania Bank, los bid. 100 asked
| Merchants National Bank, S6l5
| bid, S7l5 asked; National Bank
of Savannah, 124Ia bid. 125lb
asked oglethorpe Savings and Trust
J Co. 1OS bid l05 asked; Southern Bank
/ of the State of Georgia, Isl bid 1853 asked ;
| Savannah Bank and Trust Company. lOl
| bid, 10l$4 asked; Chatham Real Estate and
| Improvement Company A, 81 bid 54lb
| asked; &, 52A bid. SO asked; Peoples Saw
ings and Loan Company, 81 bid, 80 asked.
Factory Bonds-Augusta Factory 6s. 1Ol
bid 102 asked; Enterprise Factory 6s. 100
bid. 101 asked; Eagle and Phenix Manu-
featuring Company. per cent. bonds. 40
bid, ~ asked; Sibley Manufacturing Com
pany 6s 1O1 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
| tory, bid, 25 asked Augusta Factory. 80
| bid, SO a slxed; GraniteVille Factory Jas hid
ISL asked; Langley Factory, 1O4 bid 1857
asked; Enterprise Factory common 90
! bid. So asked; j. r. King Manufacturing
Company, l4 bid. los asked; Sibley Manu-
featuring Company, 20 bid, rs asked: Sa-
vannah Brewing Company, - bid, So ask
| ed.
New York, May 6.-Money on call was
easier at 1Adl%per cent. the last loan
| was at III, and closed 1la61% per cent
| Prime mercantile paper 3l5@4 per cent
Sterling exchange slightly firmer with ac-
tual business in bankers bills at $4s7G
| 4.S7l4 for demand, and 81. S6G4 S614 for sixty
days Posted rates are $4.S61s64S7. and
$4.SS1s. Commercial bills $4S21a Silver
| certificates 6l061ac. Bar silver Gle:
Mexican dollars 47d471kc Government
| bonds strong; state bonds were dull; rail-
| road bonds were firm.
New York, May 6.-The Evening Posts
London financial cablegram says: THE
! stock markets opened good to-day, but re-
| actly sharply on the reported Greek sue
| cesses and on the ordering of more troops
| for the Cape The former proved to be
exaggerated, but not so the latter. AS
| have repeatedly cabled you, the street re-
CARDS the African situation seriously. Bra
| Zilians were again very fiat on fears that
the government may not be as successful
as it desires in leasing it's railways.
| "Details of the gold movement for the
| week show that f165,0O0 was received from
the Cape, $4,000 from China, f25 900 from
Australia and $4,000 from Portugal; that
| $4,000 in bar gold was sold and that &c.
600 went to the continent. The Paris ana
| Berlin markets were steady to firm"
| New York, May 6-There was consider
| able strength apparent in to-days market
| but it was due rather to the combined eff
| feet of special influences on Individual
| stocks than to any developments in affairs
| affecting the values generally in the mar
ket, The narrowness of the market and
| its professional character left il very sus-
| ceptible to such influences, and the fact
| that the short interest has been largely
| reduced was shown by the small dimen-
| sions of the manipulative movements to
| offset the advance. 1t will be remembered
| that prices were sold off TO some extent
| yesterday on the supposition that British
| holders OF American securities would re-
| fleet the public resentment heretofore
manifested over the rejection by the SEN
| ate of the arbitration treaty by Offering
them for sale. As nothing of the kind oc-
| CURED. the international stocks on the
| contrary, showing rather exceptional
| strength, IL was natural that there should
| be some recovery of yesterdays losses.
| Another favoring influence was that to-
| day was the time set by the exchange
| houses for definitely deciding whether they
| should make further gold shipments on
Saturday The fact that no gold shipments
| were projected was accepted as an encour-
| aging feature of the general situation 1t
was noised about the board room floor
| during the day that one of the largest
| railroad interests had given an order for
| an enlargement of it's holdings. and the
room traders accepted this as a sugges-
| ton to buy. Many stock movements were
! largely due to special influences, but their
| influence on the general list was only SYM
pathetic. The strength of Chicago Gas
was such an influence the dealings in that
stock being larger than any other on the
! list. 1t, together with Western Union
| Sugar, Burlington and st. Paul. absorbed
about half the total sales Of the day. The
| pressure on the Gould shares continued
| very severe, and the long-continued weak
| ness of these coupled with the absence of
lhsloe support caused the circulation of
| rumors of liquidation of heavy interests
| Later, the prices OF the group showed COM
! plete recovery on reassurlng statements
| from authoritative sources. There was
more or less restriction manifest in the
movement of Sugar, which was attributed
to polite purpose to prevent very mani
fest response in the price to the announce
1 ment of the tariff bill Omaha declined
because no further dividend is probable
this year Chicago and Alton made a
marked decline on the reduction Of tho
quarterly dividend on both common ana
preferred stock from per cent. to Ia
per cent. Tennessee Coal and Iron enioved
an advantage, on the announced settle
ment OF It's controversy with its laborers
The total sales of stock amounted 10 151
$40 shares, including American Tobacco
5000; American Sugar Refining. IA 4OO.
burlington and Quincy. 1900; Chicago
Gas. $500; Louisville and Nashville. $500:
missouri Paciiic' 5000; Omaha. 1900: ST.
Company. 1880.
The bond market broadened apparently
but few important changes were scored In
prices. The undertone Of the market was
quite firm. The sales we're SLIP. 600 Gov
ernments were more active. and advanced
slightly on purchases Of $4,000.
Closing Stocks.
Atchison ........ 104Ont. & West. o. 1871
Adams FIX ld oregon Nav. .. 10
Alton. T. H.. 60 10. s. L. d L. " ia
Am. Express LIZ Pacific Mail ... PIX
Bait & Ohio 60. HAP D. g. Evans x
Canada Pa. zee. 52ia Pittsburg ......1GO
Canada 50. zee. 46ll Pullman Pal 1881
Central Pa. .... IA Reading ......... 1881
Ches. g. Ohio .. 1874 Rio q. West. . 12L
Chicago Alton .i55 do do pref - 90
G. p. & Co. Rock Island 49,. SO
Chic. Gas ..... s3ai St. Paul ..... 7gik