The morning news., 1897-08-26

: y
s7i4 asked National Bank of Savannah.
l25 bid, jog asked; oglethorpe Savings and
Trust Company, 103 bid, 104 asked South
ern Bank of the State of Georgia. 152 bid.
1856 asked; Savannah Bank and Trust
Company, 100 bid, asked; Chatham Real
Estate and improvement Company, A. So
bid, asked; B, 54A bid, asked; Peo-
pies Savings and Loan Company, % bid,
asked.
Factory Bonds-Augusta Factory 6s, 10l
bid, lO2 asked; Enterprise Factory IS, JOG
bid, lOl asked; Eagle and Phenix Manu-
featuring Company per cent. bonds,
40 bid, 42 asked; sibley Manufacturing
Company 6s, 101 bid 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, bid. 25 asked; Augusta E-ctory,
80 bid, e asked; Graniteville Factory, 145
BID l5l asked; Langley Factory, l04 bid,
l0oA asked; Enterprise Factory, common,
50 bid, IS asked; ]. r. King Manufactur-
ing Company 104 bid, 105 asked; Sibley
Manufacturing Company, 70 bid, 76 ask
ed; Savannah Brewing Company, - bid, IS
asked.
New York, Aug 25.-Money on call was
easy at lG1A per cent, the last loan was
l@lA, and closed IA per cent. Prime
mercantile paper, 3s4G41a per cent. Sterl-
ing exchange was steady with actual bus
mess 10 bankers bill at s.8514 @4s5la for
demand, and at $4.s39sq4s31k for sixty
4
$i.86lzQ487. Commercial bills s4.S2G4S215.
Silver certificates 50d51c. Bar silver, 5l1zc.
Mexican dollars, 355sc. Government bonds
firm; state bonds were dull; railroad bonds
were strong.
New York Aug. 2s-The Evening Posts
London financial csblegram says: The
stock settlement to-day revealed a small
account, except in Americans, where the
amount carried on behalf OF New York op-
orators is considerable Contangoes and
Americans were 3 to 81 per cent, except
for Mi.waukees, which were scarce and
were carried over at IL per cent.
The tone of the market was generally
dull on Indian news, but there was moth
ing doing, and the fluctuations were small.
Kaffirs were weak. Chilian and Brazilian
securities were exceptionally strong. Bu-
Uruguays were fiat OF reports that the ne
godations between the insurgents and the
government has been broken off.
Americans were heavy in sympathy with
the other markets and the close was dull.
Gold was in better demand at rs l1Ad
Tomorrow f1, 10000 in gold will be turned
over to Japan. and that country has be
gun to buy gold in the open market The
silver markets were disorganized. Indian
merchants show hesitation to buy on re
ports that the Indian mints are to reopen,
but are accompanied by heavy import
duty on silver, thus increasing interna
uonal currency without depressing ex-
change. Another rumor is simply that
the import duty on silver is to be increas-
ed. cannot vouch for the probability Of
either report, but that the latter is the
more credible. India council drafts to b.
offered next week have been reduced to
10 lakhs, the treasury balances being so
low To-day's decline in French ex-
change on London is ascribed to this
weeks fal in the price of wheat The
ri l-af TT11I
New York, Aug. 25.-The weekly crop
report OF the agricultural department at
Washington was the depressing influence
IN the stock market to-day, as it was a
stimulating influence upon the prices Of
wheat and corn The opinion expressed
in the government report is of unfavora-
bic condition Of the corn crop and of i'm
paired yield from the spring wheat crop
was OF too serious import to the grain
carrying roads not to have a marked eff
feet on the values. There were various
times during the day when a struggle
was made against the prevalent depres-
sion and when prices seemed embarked
upon an upward course But the fact
would recur that large part of the Ions
advance IN the price of grain carrying
roads had been predicted upon the abun-
dant grain crop which it was expected
to be moved and prices would turn down
ward again. The cases where prices were
above yesterdays closing at any time dur
ing the day are exceptional and those
where they remained above a the close
are still fewer
The fact that settlement day on the
London exchange developed no short in
terest or covering demand was to some
extent disappointing 10 the bulls The
heaviness in all departments of the Lon
don exchange growing out OF the evil
dence OF serious disaffectiOn on the north
west frontier of the Indian empire. exer.
cised some sympathetic influence in the
local market. Commission houses buy
ing was on a much reduced scale. and
there was a lull of the activity on the
part Of the large mOneyed interests which
have been prominent in the market re.
Gently.
The sales fell to a total of a little more
than one-third of that shown by the deal.
ings on some days of recent period Of
activity The extreme dullness a the de-
cline indicated healthy tone of the mar
ket, the liquidation at no time being
heavy and the resistance at a given point
being very firm.
The market enjoyed an occasional rally
under the leadership of some individual
stock, which was influenced by a devel-
opment especially affecting it. Thus the
publication of the earnings Of the Missouri
Pacific in August showed an increase over
the corresponding week of last year of
SlUOWu, gave an upward impetus to that
stock and helped the whole market. The
stock rose over a point and closed with
net gain of y per cent. A simultaneous
rise IN Sugar, Tobacco and Bay State Gas
at another time rallied the market. Later
in the afternoon buying developed in New
York Central on reports of increased earn
ings. This spread throughout the Wander
bilt group and carried prices generally to
the best of the day.
A selling movement in the last half
hour carried prices to the lowest OF the
day. The loss extended to rs In Burling-
ton; Lake Shore gained a point North
ern Pacific preferred was a weight on
the market, owing to its poor showing of
earnings.
The total sales of stocks to-day were
2,25O shares, including Atchison prefer
red, 1880; Chesapeake and Ohio $3.50;
Burlington, A500; Louisville and Nash
vile, $3.50; Missouri Pacific, 1890: New
York Central, A715 Northern Pacific pre-
ferred 5,475; Reading, 5.540; Rock Island,
l41S5; st. Paul, 1890; Union Pacific. 9. 400;
Chicago Gas. 6,OS5; United States Leather
preferred, 5,120; Chicago Great Western,
$3.50.
The bond market showed less weakness
than stocks. Prices were generally
higher. Chesapeake and Ohio, Atchison
and Northern Pacific issues led in the ac-