The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-02

Bound railroad 5s, 671s bid, 691k asked;
Southern railway SIS, 81 bid, 80 asked
Georgia and Alabama first preferred IS.
l0S bid, l4 asked; Georgia and Alabama
first consols, rs bid. 70 asked.
Railroad Stocks-Augusta and Savan-
nah, 9212 bid, 1872 asked: Georgia common,
156 bid, 100 asked; Southwestern, 9O2t bid,
f9lA asked ex-div.; Atlanta and West Point.
railroad stock, SO bid. asked; Atlanta
and West Point 6 per cent. certificates, 80
bid, asked; Savannah Construction
| Company, 50 bid, 20 asked.
Gas StOcks-Savannah Gas Light stock
q bid, % asked; Electric Light and
Power Company, So bid, 60 asked ex-div.
| Bank Stocks. Etc.-Citizens Bank los bid
1909 asked ex-div; Chatham Bank, Is bid.
| 45l3 asked ex-div.; Germania Bank, log
bid, los asked, ex-div; Merchants Ma
tional Bank S. bid, 81 asked;
ex-div National Bank of Savannah,
l24 bid, 125 asked; Oglethorpe Saw
ings and Trust Company, 1O1 bid, 1902 asked
| eX-div.; Southern Bank of the State of
Georgia, 157 bid, 100 asked; Savannah
Bank and Trust Company. 9s
| bid, 100 asked ex-div.; Chatham Real
Estate and Improvement Company, A, "a
bid, 541a asked; B, SO bid, - asked, both ex-
div; Peoples Savings and Loan Company,
91la bid, 921s asked.
Factory Bonds-Augusta Factory 6s, 1O1
! bid, 102 asked; Enterprise Factory IS, 100
| bid, 101 asked; Eagle and Phenix Manu-
| featuring Company, per cent bonds, 40
| bid, AZ asked; Sibley Manufacturing Com
pany 6s, l01 bid 102 asked
Factory Stoeks-Savannah Cotton Fac
| tory, - bid, 25 asked; Augusta Factory.
| 80 bid, 50 asked; Graniteville Factory 145
| bid, 15l asked; Langley Factory, 104 bid
| 105A asked Enterprise Factory, common,
| 80 bid, Sc asked; j. r. King Manufacturing
| Company, 104 bid, 105 asked; Sibley Man
ufacturing Company 20 bid, 76 asked Sa-
Vannah Brewing Company. - bid, IS ask
New York July money on call was
| easier at 1G2 per cent; the last loan was
| at per cent, and closed at per cent.
| Prime mercantile paper, 3d4 per cent.
| Sterling exchange dull and heavy with
actual business in bankers bills at $4.S7CD
| 4s7A for demand and $4.S534@4.S6 for sixty
| days. Posted rates. $4S6126I4. Sta and 81 So
| G4.SS1s Commercial bills, $4,S5. Silver GER
| tificates. 6014G601ac. Bar silver, 601sc
| Mexican dollars 47c. Government bonds
strong state bonds were dull; railroad
| bonds were firm
New York, July 1.-The Evening Posts
| London financial cablegram: 1.-THE stock
markets were quiet and irregular to-day.
] Home rails were chiefly in favor in the
| other markets. the feature was the sharp
rise in Grand Trunk on good buying, and
| an excellent working statement Cana
| dian Pacifics also were largely bought The
| settlement will be finished tomorrow
Americans were neglected, pending more
/ definite indications of the New York mar
ket. Prices were mostly above the parity
all day and despite the drop in New York
| and the pessimistic cable of the Pail Mall
| Gazette's American correspondent, limiting
at war between the United States and ia
pan and Spain, the disposition here is to
| hold on to Americans in the belief that
I hA 10 a.sT. 4
movement for the week show that f82 900
came from Australia and f17,OOO from the
| Cape while $4,000 went to the continent
| The Berlin market was steady and the
| Paris bourse was firm after period of dull
| ness"
| New York, July 1.-To-day's market was
| somewhat erratic, the earlier hours Of the
| day nclining to reaction, but a stronger
| tone developed afternoon, which carried
| prices all through the list above last
| nights closing. There was no news re.
| garding the general situation to account
| for the early decline, and II must be at
| tributed to a general apprehension amone
| the professional traders that the advance
| in prices has outstripped conditions. The
late strength did not develop until after a
period of feverish uncertainty and hes
| ttating and somewhat timerous effort on
| the part Of the bears to take control of the
| market There was a decided falling off
| IN activity and in the outside interest In
the market all day. Nor was there any
| general heavy selling to realize apparent
| The decline gave every appearance OF be-
ing purely manipulative in character, the
| bulls seeming to assent to it as promising
a beneficial tone to the market
| The total sales of stocks were ZIG, 40
/ shares, including American Tobacco 300;
! Sugar. "a, 700; Burlington and Quincy, a.
| COO; Chicago Gas. $1,000; Manhattan, 5000:
/ Reading, 1900; Rock Island, 10000; St
| Paul, 1880. The market displayed a good
| tone in moderate inquiries that were
| largely restricted to the leading mortga-
| ges. Fluctuations were quite narrow, but
fairly uniform in fractional gains. The
market showed some irregularity, but end
| ed with the principal lines showing small
| advances. Governments were dun and
| hardened fractionally. The transactions
were $1,000.
Closing Stocks.
/ Atehfgou q, VVaof 1EH