The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-21

Co.. 10S bid, los asked: Southern Bank
of the State of Georgia. 1856 bid, 1853 asked !.
Savannah Bank and Trust Company. 1Oi
bid, 102 asked; Chatham Real Estate and
Improvement Company, A, 5415 bid. $751;
asked; r, 52A bid, So asked; Peoples Saw
ings and Loan Company, 81 bid, 80 asked
Factory Bonds-Augusta Factory 6s, 101
bid, 102 asked; Enterprise Factory 6s. 100
bid, l0l asked; Eagle and Phenix Manu-
featuring Company, per cent. bonds 40
bid, AZ asked; Sibley Manufacturing Com
pany 6s 101, bid. 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid. % asked; Augusta Factory 80
bid, So asked; Graniteville Factory, 145 bid.
l5l asked; Langley Factory, 104 bid 1857
asked; Enterprise Factory common, 90
bid, 96 asked; ]. r. King Manufacturing
Company, 104 bid. l05 asked; Sibley Manu-
featuring Company, 70 bid, 76 asked: Sa-
vannah Brewing Company, - bid, So ask
ed.
New York, May 2O-Money on can was
easy at ll4qlla per cent; the last loan
was at l12 per cent, and closed at 1An
~ per cent. Prime mercantile paper. az
al per cent. Sterling exchange, dull and
easier with actual business in bankers
bills at 4.SlsQ4.S7as for demand, and $4.S6
q+.S6A for sixty days. posted rates. S4.S7
and $4.SSQ4SS1a- Commercial bills, 81. S5ll
Silver certificates, 6O1ac. Bar silver Coo.
Mexican dollars, 47ssc. Government bonds
were streng;S state bonds were dun and
| firm.
New York, May 2O.-The Evening Posts
London financial cahlegram SAYS: 1.-The
stock markets opened excitedly to-day
and good, but the pace was too fast and
sharp, reaction followed in home rails,
Where the bull account is still very large
Ihere was a partial rally at the close
Foreigners were irregular, the feature be-
ing further sharp rise in Greeks and
Turks Kaffifs, after. booming upwards.
closed at the lowest. 1t is evident that
the present rise is mainly due to the
bears being caught and some more fail
| ureS are looked for at the settlement. Ger
many has bought fairly large, but the
public here is still shy, and the largest At
rican houses do not want a boom until
they have secured the concessions they
desire in South Africa. Details of the
gold movement for the week show the i'm
port of f2l0OO0 from the Cape; of Ell 600
from China and of 5000 from Australia.
To-day gold was in very strong demand
at rs 11$4d, and the bank sold a small
| amount. Much mystery is observed as to
the destination of the gold and few really
| know whether Japan, Austria, Germany
or Russia, is the real buyer. l have spec
ial means, however, for knowing that just
at the moment that Russia is the chief
buyer. Indeed, so great is the demand in
that quarter that about f200, 900 just ar
rived from Australia have been bought up
for export Japan is not buying just now
and probably will not until after the next
loan has been issued The Paris bourse,
which has been firm during the day, was
a little weaker at the close on the selling
| of Kaffirs. The Berlin market was duh
New York. May 2O.-New Jersey Cen
| trail engrossed the largest share of atten-
ton on the stock exchange to-day and
| registered another sensational decline in
long progress downward. On Jan. 10
of this year the stock sold at 1891, and
on March l at 81. To-day the stock was
sold in large quantities at 69A, and ex-
IRENE decline for the day was 1884, and in
two days has fallen 55s per cent. The
trading in the stock was at times very
animated, but large portion of the sales
were made in small lots, many successive
sales of 100 shares being recorded, with a
decline of u, or even Il on each sale.
This caused credence to be given all ale-
cations of inside liquidations which serv-
ed to help on the decline for several hours.
Support seemed Forthcoming for the stock
at various stages, but the effort was abau-
doned after short intervals, and it f1uct-
uated irregularly for the rest of the 1ay.
and down to G914, closing at 20. The sales
of the day numbered 36,700 The depres-
sion of such a weight on the market ar
fected the whole list, the other coalers
naturally showing the greatest sympathy.
as being subject to the same conditions
that have impaired New Jersey Central
finances. They closed slightly above the
lowest, the extreme declines being Lack
awana and Delaware and Hudson. pa per
cent. each, and Susquehanna and Western
preferred IL per cent. The general lst
from the opening of the market, showed
the effect of the more serious phase as
sumed by the Cuban question at Washing
ton. Americans were depressed I'm Lon
don, and this was said TO be due in part
to early sales there on New York orders.
New York opened down to about the Lon.
don parity, the possible Developments in
the cuban question being viewed with
comparative equanimity. The market was,
also relieved of yesterdays heavy weight
of Chicago Gas sales. the price of the block
rallying TO a small extent on the decision
OF the Illinois legislature 10 reconsider its
adverse vote on the consolidation bill. New
Jersey Central and Chicago Gas together
were credited with $500, out of a total OF
10000 shares or all stocks sold The RAN
way list moved very narrow near the
close, with slight changes. The total
sales of stocks for the day amounted 10
151,@l shares. including Burlington ana
Quincy, 12;l00 Chicago Gas 90 800; Della
ware and Hudson, 5000; Manhattan Con-
solidated l2,2O0; ST. Paul. II 500; Tonnes
see Coal and Iron $500; New Jersey Cen
tral, $1,000
Railway bonds were well held during
the greater part Of the day and some
marked gains occurred despite extreme
heaviness Of the stock market. Toward
the close. however, general decrease in
tone developed and values Of some Of the
prominent railway bonds were lowered a
fraction Aggregate sales were 1854. 900.
Governments were dun, but steady
throughout. The sales were $4,000.
Closing Stocks
Atchison ........ lOklN. Y. & y. e.. 81
Adams Expressl4S ont. g. Vest. 1874
Alton, Torre H. O. Oregon Nav go. 10
Amer Express.ii8 O. s. /. & u. r. 1874
Bait. g. Ohio Co.. 1ih Pacific Mail ..... 26ib
Can. Pacific ... 90 P., y. e. En-. \
Can. Southern. 4GA pittsburg ........162
Cen. Pacific 49,. 81 Pullman Palace 1864
Ches g. Ohio o.. iG Reading ......... IS
Chi. Alton ....i5O r. g. Western. 1874
Chi. y. 4 O.. a do do pref EEL. 20
Chicago Gas H.. S0lk Rock Island .... 63ik
Con. Gas .......i5S4s ST. Paul ......... 1914
Gees 81. L. 27A do pref ........1 1917
Col. Coal a. L.. = st. y. a Omaha. 56jA
Cot OIL Cert. 10 do do pref .....i3s
Del, Hudson ..102A 50. Pacific ..... iias
Del, L. q W..if6N Sugar Refinery. iisil
Den.& r. @. pf. 5Ttt Tenn. G. g. I..... i7ih
Eric ............. liM Tex. Pacific ..... 50