The morning news., 1897-07-29

kallroad Stocks-ACSust "a ana SaVan-
nah. 50 bid, 81 asked Georgia
common, los bid. 10 asked, ex-div.: south
western, 92l2 bid, 9S1a asked; At
lanta and West Point railroad stock. 1Ol
bid, 102 asked; Atlanta and West Point
per cent. certificates, 101 bid 102 asked
Savannah Construction Company, 90 bid
| 70 asked.
Gas Stocks-Savannah Gas Light stock,
! 21l2 bid % asked Electric Light
and Power Company, 55 bid, 60 asked.
Bank Stocks. Etc.-Citizens Bank, los
bid, 1O9 asked Chatham Bank, A bid. 44s.
! Germania Bank 106 bid, los asked Mer-
| chants National Bank, S6i2 bid S715 ask
! ed; National Bank of Savannah 124 bid,
| 125 asked; Oglethorpe Savings and Trust
| Company, 102 bid 103 asked; Southern
Bank of the State of Georgia, $50 bid 1856
| asked; Savannah Bank and Trust Com
| pany, 100 bid, 10l asked Chatham Real
Estate and Improvement Company. A. So
| bid. 55la asked; B, "a bid, SO asked Peo-
| pies Savings and Loan Company, 80 bid,
| SO asked.
Factory Bonds--Augusta Factory 6s, 1O1
J bid, 102 asked; Enterprise Factory 6s, 100
bid, 1Ol asked; Eagle and Phenix Manu-
featuring Company, per cent. bonds, 10
| bid, AZ asked; Stbley Manufacturing Com
pany 6s lOl bid, l02 asked.
Factory Stocks-Savannah Cotton Fac
tory. bid, % asked, Augusta Factory,
so bid, SO asked; Granteville Factory, 145
bid, 151 asked; Langley Factory, 104 bid,
1851 asked; Enterprise Factory, common
SO bid SO asked; ]. R. King Manufacturing
Company 1N bid 105 asked; Sibley Manu-
featuring Company, 20 bid, 76 asked; Sa-
vannah Brewing Company. - bid. SS asked.
New York, July 2S.-Money on call was
steady at per cent; the last loan was at
1 per cent, and the market closed offered
| al l per cent. Prime mercantile paper
3d4 per cent Sterling exchange steady
with actual business in bankers bills at
fr,. 1,ay, i . OaT ~ CrF
| sixty days. Posted rates, $4S7d4.S715. and
| S4.SSq4.S SS12 Commercial bills, $4.S5h@
! 4.S5% Silver certificates offered at SOC.
| Bar silver, 575sc. Mexican dollars, 4514c
| Government bonds were strong; state
bonds were quiet; railroad bonds were
strong.
New York, July 2S.-The Evening Posts
London financial cablegram: "To-day's
markets were active and buoyant, closing
a the best. Business is spreading Home
| rails were strong. There were large deal
! ings in Kaffirs at rising prices. Consols
| moved up for the first time for days.
| Americans opened dull, on profit taking
and on the apparent signs of weakness in
| New York. Atchison was bought here
| and by the continent; dealings were still
| comparatively restricted. Gold is still in
| strong demand, over 100000 having been
bought in the open market this week for
Austria The Paris and Berlin markets
were good.'
New York, July 28.-The dominating in
| huence of the stock markets strength to-
| day was the big grain trade outlook. Prob
ably over half a million bushels of wheat
| Were engaged for export to the continent,
| although only about a third of million
| bushels were reported from outports.
| The favorable weekly governments grain
| report was doubtless a factor in the re-
| covery of confidence to the disconcertion
of the re-actionists on the stock market.
! But little effort was felt in the early deal
| ings from London quotations. as the con-
| tinuance of recent heavy buying by New
York on the London exchange reversed
| that market, Americans there closing at
| the best price of the day, Atchison in par
ticular attracting attention.
Louisville and Nashville and Grangers
on large dealings, aroused considerable in
terest being up fractionaly. Southern
railway properties, including Louisville
| and Southern preferred, were up over
| point each on prospective increased earn
| ings when cotton begins to move freely.
Rumors that the results of the Wabash
fiscal year would be better than recently
expected, caused the preferred to rise over
a point. Sugar after fuctuating errau-
cally touched 139A, 2 per cent of the gain
| it lost on bear attacks in the final deal
ings, leaving the net gain less than
point. The raid had but little influence on
the rest of the list, the buying continuing
| SOOu up 10 lue ClOSet dllHOuSn some spec
ulators realized profits on purchases made
| earlier In the day. On Boston and local
buying Rubber preferred, gained 3 points.
and the common fractionally, on reports
that the former present of the company
had made an agreement with the present
| management.
Rock Island gained nearly a point on
information that the earnings for the
! third week in July would show a large
| increase over last year, showing the large
| volume Of business now being handled by
the road. This report was said to have
been received by some of the directors.
Two rumorS circulated to-day considerably
benefited the properties concerned. They
| We're that action might be taken on the
| dividend for Louisville before the January
meeting, and per cent. would be paid
| on the Atchison adjustment in October.
| On less than the usual dealings Tobacco
rose fractionaly. There were no import
ant losses.
The total sales of stock for the day were
S99,500 shares, including Atchison pre-
ferred, 39,244; Chicago, Burlington and
Quincy 21,310; Louisville and Nashville,
2l,475; Manhattan L., 5,225; New York
| Central, 5SlS; Northern Pacific preferred,
5265; Reading $500; Rock Island, 1916;
st. Paul. 2l735; st. Paul and Omaha, s.
0S0; Union Pacific, 5,445; Wabash prefer
red $780, American Spirits. 6i66; Amer
lean Tobacco, 1920; Bay State Gas, T.
20, chicago CAS- $500 Lead, o,6JUs sugar,
5000; United States Rubber, 5,l97; West
ern Union. 5000; Chicago Great Western,
S4G0.
A keen inquiry developed for Atchison
| adjustment fours I'm the bond market,
which moved up per cent. TO 542l. This
issue has been neglected Of late, and the
revival OF activity was attributed in part
to foreign purchases, based on excellent
outlook for increased earnings by the
Southwestern roads. The general bond
market moved up sharply on heavy deal
ings. which included a considerable varie-
ty of securities. The aggregate sales
we're $4,000. Governments were quiet
but continued to tend upward. The aggre-
gate sales were $4,000.
New York Closing Stocks.
Atchison ........ 1874 do do pref zee. 1915
do pref ...... 277s 81. Paul ......... S7M
B. a. Ohio ...... sA do do pref ... 14ih
Can. Pacific -. TN st. Il 4 o ...... 6JI
| Can. Southern 5lb do do pref ....1i5
Cen. Pacific ... 81. p. NJ. a. M...i77
Ches. & Ohio. 1888 South. Pacific o. lC4
| G. a Alton .....i3 South. Ry ...... 9ik
/ c., B. g. o.. SSh do do pref zee. 3iK
/