The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-16

IA. lU.
1903 asked; Chatham Bank. 45 bid.
45ls asked; Germania Bank, 1O6
bid, 1OS asked: Merchants Ma
tional Bank S71z bid, SSA asked;
l24 bid, 125 asked oglethorpe saw
ings and Trust Company, io2 bid, iOS asked;
Southern Bank of the State of
Georgia, loo bid. 155 asked; Savan-
nan Bank and Trust Company, 100
bid, 1O1 asked Chatham Real
Estate and Improvement Company, A 5424
bid, 55A asked; B, So bid, 81 asked Peo-
pies Savings and Lean Company, 90 bid.
SO asked.
Factory Bonds-Augusta Factory IS, 1Ol
bid, 102 asked; Enterprise Factory IS, 100
bid 101 asked; Eagle and Phenix Manu-
featuring Company. per cent. bonds 40
bid. AZ asked; Sibley Manufacturing Com
pany 6s, l01 bid. 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, = bid, % asked; Augusta Factory,
so bid. 50 asked; Graniteville Factory, AS
bid, 151 asked; Langley Factory, lO4 bid
1854 asked; Enterprise Factory, common
" bid. Sc asked; J. r. King Manufacturing
Company, 104 bid los asked; Sibley Man
ufacturing Company, 20 bid, rs asked; Sa-
vannah Brewing Company. - bid, So ask
ed
New York, July 15.-Money on call was
dull and easy at per cent; the last loan
was at per cent, and at the closing was
oHered at per cent; prime mercantile
paper, Sd4 per cent; sterling exchange
easier, with actual business in bankers
bills at &d@l.S7ls for demand, and at
81 S6d4 S6lA for sixty days; posted rates
4.S7a4 S7la and 81 .S8Gl4. SS1a; commercial
bills, .SSA bar silver, 601sc; Mexican dol
lars, 47c; government bonds were firm;
state bonds were quiet; railroad bonds
were strong.
New York, July 15.-The Evening Posts
London financial cablegram says: 1.-THE
stock markets we're of good tone, but
quiet. Foreign stocks were better Mines
were good and there was a generally hope
ful feeling. The Boring sea dispute is dis
regarded in the city. Americans were
firm, but there was little buying here, ex-
cept of second class bonds, which were
largely dealt in. A large block of bonds
OF one of the railways was placed here
to-day. A further fall is announced in
the rates of the banks of Bombay and
Bengal. The rupee loan will probably be
out this week. The Paris and Berlin
markets were steady to firm"
New York, July 15.-The conference COM
mittee deadlock on the tariff and counter
part on the floor of the stock exchange
to-day, among the professional specula-
tors, the net changes being but fractional
either way in most active stocks, but for
the time being the market has broadened
materially, so after a two-days success
| 1t would seem that spectators for an adj
vance might be content with not losing
much ground on the third, especially as il
| is considered probable that strong inter
ests with optimistic market tendencies pre-
| fer a quiet market pending final action on
| the tariff and the Presidents currency
message in order that ultimately their fav-
orite may not carry top weight in the ad-
vance they fain would expect when con-
gress adjourns. The enormous over sub
scription $70,O00,000 for 100000 issue of
Metropolitan railway bonds offered at 105
and the fact that there were simultaneous
sales at an advance of 5 points on the
| street, was taken as indication of conf
dence. Moreover the Great Northern in
creased dividend was interpreted as indi-
eating fairly steady business in RAILWAYS
in Northwest The Changers we're the
foremost benefciaries, showed only tenn
porary strength, losing their early gain.
The favorable crop outlook coincident with
a rise in grain quotations had evidently
been discounted and St Paul was subject
ed to professional pressure. but the net re-
cession was trifing. While London dis
regarded the Boring sea dispute they took
less interest in American than yesterday.
selling moderately of st. Paul and pur-
chasing few low-priced shares and Louis
vile, the latter buying being due to cable
statements that the resumption Of divi-
bends is possible without the restoration
OF wages. Sugar suffered to the extent of
point on the repetitions of a rumor ex-
plotted yesterday that the House duty will
really win in the conference committee
ana again the possible delay was depress-
ing, a member of the committee being
quoted as saying that an agreement might
not take place for two weeks Tobacco
was manipulated i'm the early tradinga
was to recover the per cent dividend. IL
then reacted, making a small net loss on
the day. There was little bouyancy
among the Coalers excepting Susauehanna
and Western preferred, which gained 1%
per cent, and Susquehanna and Western
common a point, the latest rumor being
an European trip of fnanciers seeking
English help to purchase control of the
ROAD. Local Gas companies sharply adj
vanced, Consolidated Gas "a, East River
A. the preferred 81, counting that II was
eX-dividend, spectators took it for grant
ed that there would be partial consolida-
ton OF Greater New York gas companies
although IL was not wise to Officially admit
as much and hence the denials. The av-
erage OF changes was slightly lower for
the day.
The total sales of stocks for the dav
amounted to 1887 shares, including Chi
cago, Burlington and Quincy S,l25; New
York. Susquehanna and Western. s. 1876. do
preferred, l3,49O; Reading. IS, 929; Rock ISL
and. 9,dS; ST. Paul. 1885, ST. Paul and
Omaha, $40; Tobacco ex-dividend. 1908;
Sugar, @227. The bond market reflected
In the financial situation. Appreciate lions
were general In III, classes OF securities and
the revived demand for the low grade
mortgages was regarded as Indicating con-
siderable outside purchases. Operations
for foreign account embraced purchases OF
the more prominent interna tional liens. The
aggregate sales were si7i5.OOO. Govern
ments we're neglected az the board. but
held Arm AZ bid prices.
Closing Stocks
Atchison ...... 1914 st. l.. 4 8. F.. 2
DO pref ..... 2las DO do pref ..
Bait. a Ohio :. ga 81. Paul ........ Stsk
canada "a. ..', gslsl do pref ........il0h
Canada so. .... a9Al st. r. a. ON. Az
Cent. Pac. go. % DO do pref .ils
Ches. a Ohio IL 81. r. NJ. a. Min
Chic q Alton las So. Pacific .... i5a,
Chic. -. a O.. S}k So. Railway AZ
Chic. a ". H.. 40 do pref ....... 2y7l
c. G. G. q ST. L. 2Gia Tex a. Pacific 1921
do do pref .... 66 Union Pacific BE-. 90
Del & Hudson. ii2ia Y. T. ID. a, c.. 1872
Del l.. a W. Isl Wabash .......... 5as
Del a Rio o.. 1917 do pref ........ ~.
do pref ....... 42ia Wheel. a T.. f.. a