The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-14


Gas Stocks-Savannah Gas Light stock,
2O1a bid, 2lla asked; Electric Light and
Power Company, 49, bid, 81 asked.
Bank Stocks, Etc.-Citizens Bank. 100
bid, - asked; Chatham Bank 443. bid. 45l6
asked; Germania Bank. los bid, 100 asked:
bid. S7ls asked; National Bank
of Savannah, 1241s bid. 125I
| asked; Oglethorpe Savings and Trust
Co., 103 bid, 105 asked; Southern Bank
of the State of Georgia, 1855 bid. 1853 asked;
Savannah Bank and Trust Company. 1Ol
bid, 102 asked; Chatham Real Estate and
Improvement Company, A, "a bid 5pb
| asked; 3, 52A bid. SO asked: Peoples Saw
lngs and Loan Company, 81 bid, 90 asked.
Factory Bonds-Augusta Factory 6s. 101
bid, 102 asked; Enterprise Factory 6s, 100
bid, l0l asked; Eagle and Phenix Manu-
featuring Company, 6 per cent. bonds 40
bid, AZ asked Sibley Manufacturing Com
! pany 6s, 101 bid. 102 asked
Factory Stocks-Savannah Cotton Fac
| tory, - bid 25 asked; Augusta Factory. a.
BID, 50 asked; Granitevile Factory, las bid
| lol asked; Langley Factory, 1O4 bid 1851
asked Enterprise Factory common, 90
| bld, 10 asked; j. r. King Manufacturing
! Company. 104 bid, 105 asked: Sibley Manu-
| featuring Company, 20 bid rs asked: Sa
| ed. -
| New York, May 13.-Money on call was
! easy at 1A011a per cent; the last loan was
| at IA per cent, and closed at IL per cent
Prime mercantile paper 3l5G4 per cent.
| STERLING exchange steady with actual bust
! ness IN bankers bills at $4 8714I4. S716 for
demand, and at Sassy "A S6Ia for sixty DAYS
Posted rates $4.S7d4 SS19. Commercial bills
| $4'oo12. Silver certificates 61Q61Ac Bar sill
yer 6la4c. Mexican dollars 4S1Ac Govern
ment bonds firm; state bonds were dull:
Iallroad bonds were weak
New York. May 13-Evenins Post,s Lon
! don financial telegram: 'sThe reduction
~ the oank of England rate to-day to 2
| per cent, was unexpected but the effect
on the markets was very slight, as it
leaves, IN sense, less margin to go for
tne rise IN stocks. Other banks and dis
count houses lowered their deposit in pro-
| portion. The settlement has been salts
Iactorlly concluded, and the markets were
| quiet to-day, with some reaction at the
| close. Nevertheless, there was a good I'M
uertone with renewed attention to mines
Aherlcans were irregular, the tone was
not bad, but the plain fact is that mas
! much as Americans have practically dis
| appeared from the public mind as a prof.
| table channel of speculation, a lead of one
| OF the strongest kind is required before
/ the public will return to them and with
out the public. boom here is impossible.
| Argentine and Brazils were lower Re
| ports of a new Chinese loan of ZIG 600 900
are at present discredited in the best quar-
| terS. Details of the gold movement for
/ the week show that $4,000 came from the
| Cape, $4,000 from Australia, and 5000
from Portugal and that f15,OOO in bar gold
was sold The Paris and Berlin markets
| were firm"
| New York. May 13.-There was not a
single effective rally in to-days market.
| and the only interruption to the sagging
| of prices was the occasional brief buying
| OF shorts in some few stocks to cover. The
| strength of American securities i'm Lon
1 hxr 7
| market, which have been factors in the
| last two days in sustaining the market
| was less conspicuous to-day. American
| stocks became heavy and dull in London
| after the opening here, that market ap-
| parently having become discouraged at
| the persistent distrust displayed by the
| New York market of its own securities.
| quite a serious view also was taken in
| the street of the developments at Wash
| ington, and the hints thrown out by par
| ties to the conferences of information i'm
| the possession of the government of a
state of affairs existing in Cuba calling
| for interference. This coupled with the
suggestive course of the Senate towards
| the Morgan resolution and a belief that it
will pass, was taken as foreshadowing a
more aggressive Cuban policy on the part
| of the administration and the dealers in
stocks were inclined, by these advices. to
| discount a possible fall in values from
| strained relations with Spain on this
| question. report also found credence
| that it was in prospect to displace the
| tariff bill in the Senate by the Cuban
| question as more urgently calling for early
settlement, report which was used by
the bears with good effect in adding TO the
weight of the market. The announcement
OF $lOGO,OO0 gold shipment by Saturdays
steamer, in face of a rather weak ex-
change market shows that the limit of
no profit is not yet crossed with demand
gfa limo
stiffened to some extent just before the
close of trading and further shipments OF
gold are felt to be not improbable. AL
though this proba blity was discounted
several days ago by the selling of stocks
it had an effect In depressing values in
the narrow and professional market and in
discouraging trading. Although to-day's
sales were larger than those Of yesterday
there was no signs of any outside interest
in the market, aside from the dealings for
London account There was said to be
selling, as well as buying for London ac-
count, during the day. but the purchases
are estimated 10 have exceeded the sales
by 10000 shares-a fact TO be considered
in connection with the exchange situation.
The industrial shares which were most
largely traded in, namely, Sugar and Chi
cago Gas, were under special pressure,
and although they were Influenced by spe-
cial causes, the volume Of the transaction
in them impaired a sympathetic heaviness
10 the general list The Changers were
quite firmly held in the early tradings,
but later succumbcd and showed a de-
cline as great as the average. The losses
were remarkably uniform In the most ac-
tive stocks, the decline ranging from "a
TO IA, the latter In Leather preferred. The
total sale or stocks for the day amounted
20 15l,045 shares, including Sugar refinery
1900 Burlington. 1900, Chicago Gas. TO-
TOO; Reading. 1900; Rock Island. 5400: St.
Paul, 1890; Western Union, 1900. Railway
bonds eased Off on light dealings with the
recessions unimDortant In the leading
mortgages. Some marked losses were scor-
ed, however. including ST. Louis and San
Francisco Trust 81. which fell per
cent, and Peoria, Decatur and Evans
Vile frsts. ~ per cent The aggregate
sales were $S72O00. Government bonds were
in demand and ruled firmer on purchases
of 100000.
Closing Stocks
Atchison ....... 1914 N. y. & ". E..37
Adams Tx ....i5l Ont & Vest. 1874
Alton, T. H.. 90 Oregon Nav .... 10
American Elk lib o. S. l.. a. L. n 1G