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


bid, AZ asked; Sibley Manufacturing Con-
pany Is, l01 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory. bid. Is asked; Augusta Factory.
20 bid. So asked; Granitevlne Factory, 145
bid. lbl asked; Langley Factory, 104 bid,
105z asked; Enterprise Factory, common.
e bid, IS asked; J. r. King Manufacturing
Company, l04 bid, 105 asked; Sibley Man.
ufacturins Company, 20 bid. rs asked; Sa-
vannah Brewing Company, - bid. IS ask
&c
New York. July 6.-Money on call easy
at 1Glls per cent; last loan at IA per cent.
and closed at 1d1l&. per cent. Prime mer-
camille paper 3G4 per cent; sterling eX-
change steady, with actual business in
bankers bills at AS624d4.S7 for demand.
and s4.S5AG4.s6 for 60 days pos ed rates,
S4.S6Iz94S7j and s4.SS34 SSH; commercial
bills, A.S5. Bar silver, soc; Mexican dol
lars, &c. Government bonds We're steady;
state bonds were duh; railroad bonds were
weak.
New York, July 6-The Evening Posts
London financial cablegram says: THE
strike among engineers here has caused
further selling of English rails while the
news from Constantinople also adversely
affected all stock markets, which were
stale and Improbable. Americans were
lifeless. The labor difficulties in the west
ern states and a cable dispatch to the
London Chronicle reporting jingoist senti-
ments in United States on the Boring sea
matter, caused the London market to
pause, awaiting fresh lead from New
York prices. The close, however, was
above the lowest Argentine securities
were fiat on realizatons The general feel
ing is holiday-like, if not actually de-
pressed. The Paris and Berlin markets
were steady.
New York, July 6-The intention of se-
curity holders clearly indicated by the tone
of to-days market for stocks was to
await further developments in the gener-
al business situation before dealing in
the market. Buyers were unwilling to
offer higher prices than those at which
the market closed Saturday. Although the
lower bids invited some offerings which
were quite large for some stocks, there
was no heavy pressure to sell, the ma
jority of holders apparently being as I'M
willing TO sell at the decline as were
buyers to bid higher. The market was,
in consequences, dull throughout some de-
partments being quite .ethargic, The dull
ness was less marked in the leading
Granger and Industrial stocks. st. Paul
and Burlington alone absorbed about one
third of the total dealings, a total which
fell to 10000 shares. The days trading
was a clear enough indication that the
heaviness of Friday and Saturday last
was not merely due to hesitancy ON ac-
count of the hot day. but to actual reac-
ton in the market Most traders would
give as a reason for their dsinclination
TO buy that they are convinced that prices
have advanced as far as warranted by the
general outlook. The bears also find the
labor troubles in the bituminous coal in
dustry an effective weapon. The low er
prices for American securities in London
were said to be due to the reports of the
soft coal strike cabled from this side and
the London prices affected values here
a haf oil oh,
cases. The fact that the consideration of
the tariff bill has reached to only a few
remaining items gives rise to the food
or surmlses usual to such a stage in i'm
portant legislation as to irreconcila b, C
differences on these items and the posi-
BILE failure Of the bill. These surmises
were made the most of by the bears to-
day. Later reports of adjustments of some
differences on the tariff bill items and
published assertions as to the lessened d.
mansions of the strike compared with ear
lier reports were influenced in bringing
about rally in the market The rally
did not wipe out the earlier declines en-
tirely, but 1t left the net losses generally
small The extreme loss in the leading
shares generally equalled or exceeded a
point. Sugar fully recovered and gained
x net and Lead showed a fractional gain
New Jersey Central declined points, but
recovered all but a fraction. Louisville
and Nashville closed a point off. Bay
State Gas was strong all day, and closed
l9s per cent. higher. Minneapolis and
st. Louis also advanced IA at the close
Otherwise, the changes show fractional
losses In the active list. The total sales
of stocks for the day amounted to 15O,l15
shares, including the following: American
Sugar, 1890; Burlington, 17,4OO; Chicago
Gas. $500; Reading. 600; ST. Paul. 25 lOO
Tennessee Coal and Iron. 5000; New Jer-
sey Central, 1000 The bond market sag
ged generally in sympathy with the stock
market but the losses were small. except
in few less well-known MORTGAGES. The
total sales were $1,11S,OO0. Government
bonds were steady on bid quotations. no
transactions being recorded.