The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-29

| 1925. 1O2 bid - asked; City and Suburban
| railroad first mortgage per cent. bonds
| - bid 81 asked; Alabama Midland 5 per
| cent Endorsed, 80 bid, 80 asked; Brunswick
and Western As, Go bid. 20 asked; South
Bound railroad SIS. 67ls bid. 691a asked
Southern railway 5s, S7l5 bid, SSla asked;
Georgia and Alabama first preferred IS.
| 1903 bid, 104 asked; Georgia and Alabama
| first eonsols so bid, 81 asked
Railroad Stocks-Augusta and Savan-
| nah SO bid 1872 asked Georgia common,
1876 bid, 100 asked; Southwestern 90i5 bid.
9l1a asked; Atlanta and West Point rail-
road stock, 9S bid, 100 asked; Atlanta and
West Point per cent certificates, 90
bid, 100 asked Savannah Construction
Company, 50 bid, 20 asked ex-div.
Gas Stocks-Savannah Gas Light stock
211s bid, 222 asked; Electric Light and
Power Company, 49, bid, 81 asked.
Bank Stocks. Executions Bank 1O9is
bid, 110I5 asked; Chatham Bank, 45 bid as
asked; Germania Bank. lOS bid, 100 asked;
Merchants ants, National Bank. Bank. $50
Of DID, sa Sa a'ki Is b Na0no a 5aaE
Oglethorpe Savings and Trust
Co, 104 bid, 1916 asked; Southern Bank
of the State of Georgia. 1856 bid, 1853 asked;
Savannah Bank and Trust Company 1OI
bid, 1902 asked; Chatham Real Estate and
Improvement Company, A. 54I2 bid, 55lk
asked; z, 5214 bid So asked; Peoples Saw
ings and Loan Company, 9l15 bid, 921s
asked.
Factory Bonds-Augusta Factory 6s 1O1
bid, 102 asked; Enterprise Factory 6s 100
bid, 1O1 asked; Eagle and Phenix Manu-
featuring Company per cent bonds, 40
bid, AZ asked Sibley Manufacturing Com
pany IS, 101 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, 49, bid, % asked; Augusta Factory, so
bid, SO asked; Graniteville Factory 145 bid
oil
asked; Enterprise Factory common, 90
bid, SO asked; j. r. King Manufacturing
Company, 104 bid, 105 asked; Sbey Manu-
featuring Company, 70 bid. 76 asked. Sa-
vannah Brewing Company, = bid, IS ask
ed.
New York, May 2S.-Money on cali easy
at 1Ad1h per cent; the last loan was at
1la per cent, and closed 1Ad115 per cent.
Prime mercantile paper, 31ad4 per cent.
Sterling exchange firmer, with actual bus
mess in bankers bills a %S7 for demand.
and 4.S534@S6 for sixty days. Posted rates.
&S6l2Q4S, and $4.SSa4SSIa Commercial
bills, $4.S5M4 S5l4. Silver certificates COZ
6O9sc. Bar silver 6Okc. Mexican dollars.
Also. Government bonds firmer State
bonds were dun. Railroad bonds were
firm.
New York, May 2S.-The total bank
clearances for the week in the United
States amounted to $917 ,62S,059; per cent. de
crease, "a; exclusive of New York, $l12. 81
1885; per cent. of decrease, IA
New York May 2S-The Evening Posts
London financial cable: THE stock mar
kets were irregular to-day, but closed
firm, except for Americans. The settle
ment in consols is to begin tomorrow.
haf1rs, after a period of dulness closed
strong on rumors that the South African
commission will recommend a reduction in
the dynamite and railway charges. Am
erican opened dun on disappointing cables
from New York, and The tone was weaken
ed further by the belief that the Baltimore
and Ohio would default on June coupons
OF two of their bonds issues Lake Shore
was exceptionally good. Money rates are
harder because of the special requirements
to-day, allotments Of payments having to
be made on the new Indian loan. A South
Australian loan of 100000 was
also largely applied for. Il is a per cent.
loan and it went at about pa premium on
a minimum issue price of %. The japan
csc loan is expected tomorrow. The Paris
and Berlin markets We're steady.
New York, May 28.-To-day's market
was marked by intense duliness through
out almost the whole OF the session, dur
ing all Of which prices were very firmly
held, so that the lively demand in a few
stocks to cover just at the close carried
them substantially above last nights close
Doubtless "A part of this buying was in
anticipation OF a covering movement.
which may develop at to-morroW's short
session of the exchange in view of Monday
being holiday, thus leaving an interval
of two days before trading shall be resum-
ed The dizziness Of the trading Is an In
dication OF underlying strength, as there
were some unfavorable factors TO hamper
RISE and holders preferred to hold with
confidence. The principal factor in the
dullness was the unfavorabie effect upon
the whole tone OF the speculation, of the
official announcement Of the Baltimore
and Ohio receivers that there would be a
default in the interest payments on some
Of the bonds coming due on June l. This
action has been anticipated for several
days ana the company's securities have
sold down accordingly But the effect to-
day was none the less marked both here
and on the London market for Americans
which were entirely neglected. Some Of
the selling here for London accounts was
due 10 the same cause. There was no pos
Tive weakness len the market but the
weight OF scmi-stagnation prevented val
ues from benefittlng from several favor
able influences. one OF these was the con
tinucd weakness OF the exchange market
which though sOmWhat hrmcr than yes
terday, failed TO recover sufficiently TO in
duce the expected further shipments OF
gold by to-morrows steamer But the
imports OF dry goods ~ this port for the
weak show an increase over last weeks
In value over S20O00O. indicating that fho
import movement Is again expanding with
an influence. necessarily on exchange. Chi
cngo Gas, the leader OF The market In the
volume OF transactions. was quite strong
on renewed hope OF benefits from the Illi-
nois Legislature and rose from x above last
nights close IN the final dealings There
was a marked disposition TO cover. ~ the
Anthracite coal stocks. thus eliminating
what mas been a persistent element OF
weakness IN recent markets. Tho
strength manifested by the Rrangors. a
rise In sugar and the irmness Of the Gou.d
shares were other influences that holpcd
TO carry prices very generally above last
nights level ~ the close and 10 leave sub.
stantal net gains IN o few stocks. The
total sale OF stocks Tor the day amounted
TO iiS,5iS shares, Ia ciuding American