The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-08

155 asked; Savannah Bank and Trust
Company. loo bid, 102 asked; Chatham Real
Estate and Improvement Company. A, IS
bid, So asked; b, 54i4 bid, 54S4 asked; Peo-
pies Savings and Loan Company, % bid,
- asked
Factory Bonds-Augusta Factory IS, 101
bid, 102 asked; Enterprise Factory 6s, 100
bid. 101 asked; Eagle and Phenix Manu-
featuring Company per cent. bonds,
80 bid. A asked; Sibley Manufacturing
Company 6s, 1O1 bid, l02 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, 3 asked Augusta Factory,
so bid, SO asked; Graniteville Factory, 145
bid, 151 asked; Langley Factory, 1O4 bid,
1854 asked; Enterprise Factory, common,
SO bid, So asked; J. r. King Manufactur-
ing Company, 104 bid, 105 asked; Sibley
Manufacturing Company, 20 bid, rs ask
ed; Savannah Brewing Company, - bid, IS
asked.
New York, Sept 7.-Money on call was
steady at 1AQ13s per cent; the last loan
was at IL; and closed at 1h413 per cent.
Prime mercantile paper, S34 az per cent.
Sterling exchange firm with actual BUSH
ness in bankers bills; at $4.S61sd4. S61A for
demand, and 81 S324@4.8 for sixty days.
Posted rates. a. S4lkNd4. S51k. and S4S61b6
4.SH2. Commercial bills, $4SSA@4. SSla. Sill
yer certificates. 53lac. Bar silver, 54hc.
Mexican dollars. 42hc. Government bonds
were strong; state bonds were dun; rail-
road bonds were easy
New York, Sept. 7.-Evenng Posts
London financial cablegram says; There
was no business in the stock markets to-
day, except in Americans. These had
duller opening, consequent upon realiZa-
tons, but picked up in the afternoon and
cha nged hands at material advance on
last nights figures. With the receipts of
New York cables, however, the market
took a downward turn, and all the earlier
gains were lost and prices in most cases
left off under yesterdays closing.
There was a little rally in the street
but. it was clearly due to operations for
New York account. the public here still
refusing tc take an active part iii the
dealings.
The India government has got lis re-
m ittances, and on five bill terms. Gold
exports in connection with the ope ration
are out of the question. Is the ate of
purchase will not allow them. 1t ! S very
doubtful. under the circumstances. wheth-
err the Bank of England rate will go up
on Thursday.
The Paris bourse opened firm and closed
| dull while the Berlin market was dull
| throughout
The invitation of the India council for
| tenders for drafts for one crora of rupees
| about S5000,O00) produced tenders to-day
of 292 lal1hs of rupees about S1t 600, 000), at
| an average rate of Is 4dd1s 4 Lied per ru-
pee The government allotted II per cent.
! of the offers from the tenderers at the
| highest price.
| New York. Sept. 1.-THE bear party was
better defined and more agg ressive in TO-
| days market than it has be en- for several
weeks, and it got the asC endant for a
| time over the large bullis'h feeling The
| desire of some of the very heavy opera
| tors in the bullish party to realize a profit,
| which itself was a source of weakness.
| But the bears made mos t capital out of
| the yellow fever outbrea x in Mississippi
| The stocks of roads whit traverse tho
| region Immediately infec ted. notably the
| Louisville and Nashville. were most gen.
| orally affected. Louisville and Nashville
| declined at one time 1.-Two points below
! Saturdays close. and other southern
| roads were more or less affected, the
whole market going off in sympathy and
with the weight Of heavy realizing sales.
| These incidents somewhat interfered with
the plan of operations of the bulls. which
was not essentially different from that
| pursued each day last week.
| The stock selected to-day for putting
in order to sustain the rest OF the mar.
| ket, was Northern Pacific This stock
! has not shared in the recent improvement
| in prices. owing TO the poor showing of
earnings made in the weekly and monthly
| reports of the company But the appar>
| ent weakness in the earning power of the
| company was disregarded to-day and the
! price of the preferred stock was raised by
! manipulation, 4 points, and that of ths
! common stock about points. The traG-
| ing last week was preceded each day
| by circulation in the street of a tip "a
| TO which stock was to be pushed up dur
| ing the day. This policy was pursued
| also to-day with the effect of sustaining
| speculation in the stock named and ac-
! cording to the bulls plan, they were also
assisted to-day by q livelier speculation
| in them than has been mani tested since
| the present rise in prices. Prices were
l,af fIa.a,
and buying for London account was quite
a prominent factor during the day. Lon
| don bought about 10000 share
| The orders which had ccumulated in
| commission houses and offices over the
| double holiday were also effective at the
! opening in helping to rush up prices. The
heavy sales to realize however and the
! yellow fever sentiments in the south stop
| ped the upward moVemsa mt and the mar
| ket was depressed for m ost of the balance
| of the day below Saturdays close the
| decline from the opening high point ex-
] ceeding a point in many prominent shares.
The buying in Northern Pacific, New
| York Cen trail. Cleveland. Cincinnati anI
| Chicago and st. Louis and the Changers
| especially Burlington, brought the MIR
| ket back to above Saturdays level oil
| prices, stocks which remained below be.
! ing exceptional. Sugar moved in ava err
ratio manner all day over range of p!
| points, showing strength for the most
part The preferred stock rose 2gh. The
! Industrial stocks generally were some.
| what ne elected
! The total sales of stocks to-day were
! 636 663 shares, including Atchis. IN prefer
| red Hdj0; Baltimore and Ohio 1925
| Chicago, Burlington and OUR .cy, 30. $50
| Cleveland, Chicago Cincinnati and ST
| Louis, 6s'S5; Denver and Rio Grande pre-
| ferred. $780, Louisville and \ nashville. 25.-
| 720; Miss ouri Pacific, 1885; New York
Central, $3.50; Northern Pac life, 27,72O; dc
| preferred. 72,050; Reading, 81, 425; Rock
Island, 1b,OO0; St. Paul. At. 20; Southern
railway, 500; Wabash pr eferred, 5000
American Spirits 1670; A merican Cotton
| Oil, 2,26j; American Toba eco, 1920; Bay
State Gas, 1920; Pacific Mail, $500: Su-
gar, 1920; do preferred. 6,9O7; Topeka
| Chicago and Indianapolis, 1900; Western
| Union, 500; Chicago G reat Western, o.
| $780,
| Railway bonds were less active and
easier, Northern Pacific issues showing
| strength and activity. Total sales, 1920
900. Government bonds strong; new, Az
! per cent. higher
New York Chasing Stocks