The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-21
THE MORNING NEWS: THURSDAY, OCTOBER 21, 1897.

asked; Germania Bank 1Osls bid. 1924
| asked; Merchants National Bank, 81 bid,
IS asked; National Bank of Savannah,
12515 bid, 127 asked; Oglethorpe Savings and
Trust Company, 10S bid, los asked; South
ern Bank of the State of Georgia 1853 bid.
155 asked; Savannah Bank and Trust
| Company 10l bid 102 asked: Chatham Real
Estate and Improvement Company, A. 55IA
bid, 56l2 asked; B, 54l2 bid, SIS asked; Peo-
| pies Savings and Loan Company, 9S bid,
"a asked.
Factory Bonds-Augusta Factory 6s, 101
bid, 102 asked Enterprise Factory Is, 100
bid, 10l asked; Eagle and PheniX Manu-
| featuring Company per cent bonds, 40
bid, ~ asked Sibley Manufacturing Com
pany 6s. 101 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
! tory, - bid, Is asked; Augusta Factory,
so bid, SO asked; Graniteville Factory, 145
bid, 151 asked; Langley Factory. 104 bid,
1854 asked; Enterprise Factory, common.
! SO bid, SO asked; j. r. King Manufactur-
ing Company, 1N bid, 105 asked; Sibley
Manufacturing Company, 10 bid, 76 asked;
| Savannah Brewing Company, 50 bid, s.
asked.
New York, Oct. 2O.-Money on call
steady at ,2d215 per cent; the last loan
was at 2l2 per cent, and closed at 2Ad2l2
| per cent. Prime mercantile paper, 4d412
per cent. Sterling exchange firm, with
actual business in bankers bills, at $4.S4$s
| "A. S41a for demand, and at $4.S2G4. S2A for
| sixty days. The posted rates are 81 .S215@
4.S3l2, and S.. $50. Commercial bills, $4.Sl12,
| Silver certificates, 59q60c. Bar silver, 5914c.
Mexican dollars, 45&c. Government bonds
were strong. State bonds were dull. Rail-
road bonds We're strong.
New York. Oct 20.-The Evening Posts
London financial cablegram says: 1.-The
! stock markets were idle to-day, but the
! tone was steady. Americans were especi-
ally good and closed quiet al the best,
| though the support here is only profession
| al. The dullest market was Brazilians,
which were Fat, on the report that the ne
| gotiations fon the sale of certain Brazilian
| state railways to a foreign syndicate have
been suspended. l am informed in credi-
BILE quarters that the sale of American
! eagles yesterday and to-day by the Bank
| of England is really for Germany the
reason given being that. owing to the light
| ness of many of the sovereigns Withdrawn,
| it pays better to take eagles at the pres
ent prices. The amount of eagles with
drawn to-day was $4,000, and the total
| amount of bullion taken was $4,000. A
| cable from the Financial News, New
| York, correspondent attracts much atten-
! ton here 1t affirms that New York
banks have loaned to London a large
amount of money on long sterling bills.
| Evidences of this are very scanty here
/ at present and wonder is excited as to
| count rates at 21aQ3 per cent. Still the
report is not entirely discredited. The
! Paris and Berlin markets were quiet"
New York, Oct. 20-To-day's market
looked very much as though an effort was
being made to test it for a rise The bears
made an abortive effort early in the day
to raid the market and directed an
attack against Sugar and Chi
cago Gas. The failure of the raid
| encouraged the bulls to aggressive action
and there were indications of the reap
pearance in the market of the large buy
| ing interests which were prominent in the
| late advance. But the bulls were appa-
rently satisfied with a short turn and they
commenced to sell to realize profits about
/ an half an hour before the close. This
carried prices down in some cases below
| last nights close and where net gains re-
! manned they were in almost all cases frac-
| tional. The success of the bears was frus.
| trated in part, owing to the speca
strength in Sugar and Chicago Gas, upor
which they relied to work sympathetic
decline in the balance of the list Sugar
was strong on the decision of the treasury
| department to hold Dutch refineries sugars
conditionally liable to the counterVailine
| duty which applies to imported sugars
| upon which an export bounty is paid. Chi.
cago Gas derived strength from rumors
| of a contest with threatened competitors
| The market showed considerable of mac
tivity as compared with the few last days
| but was still almost purely professional
| London changed and sold stocks here Ad-
ditional reports of railroad earnings for
| the second week in October all show hand
! some increases and many vague rumors
We're afloat of still more striking improve
ments to be shown in statements not yet
! issued.
The large movement of cotton along
| lines recently, released from quarantine re-
strictions was shown by reports and gave
| strength to the railroads affected The
| exchange market continued firm and the
| local money market easy.
Some business is being done in the plac-
ing of loans on long sterling, which is in
| effect, the lending of money abroad. This
naturally tends to keep the rate of ex-
change down. The continued ease of the
| local money market and the large resour-
| the large payment of debts following the
| crop movement are the inducements of
thus deferring the movement of gold this
| way
Bonds were strong, in sympathy with
| stocks. One 10000 block of Union Pacific
! collateral trust notes was sold at SO, and
another block of 10000 al the same price.
Total sales, 81, 325, coo. United States new is
advanced u bid and the IS coupon declin-
ed &c bid.
The total sales of stocks to-day were
| 402,200 shares
New York Closing Stocks.
| Atchison ....... IA st. Paul ......... 9511
do pref ....... 3O1a do pref .14O
Baltimore & o.. 1874 st. p. & ON. :. S11