The morning news., 1897-08-18
THE MORNING NEWS: WEDNESDAY, AUGUST is. 1897.

asked; Savannah Bank and Trust Com
pany, 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 IS, 1O1
bid, l02 asked; Enterprise Factory 6s 100
bid, 10l asked; Eagle and Phenix Manu-
featuring Company 6 per cent. bonds. 40
bid, - asked; Sibley Manufacturing Com
pany 6s, 101 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, bid, % asked; Augusta Factory,
so bid, SO asked; Graniteville Factory, 145
bid, Isl asked; Langley Factory, 104 bid,
1854 asked; Enterprise Factory common,
9S bid, SO asked; ]. r. King Manufacturing
Company, 104 bid, los asked; Sibley Manu-
featuring Company, 70 bid, rs asked Sa-
Vannah Brewing Company. - bid IS asked
New York, Aug. 17.-Money on call was
hrmer at n4d2 per cent; the last loan
was at 112 per cent, and closed at ~ per
cent. Prime mercantile paper 1904 per
cent. Sterling exchange steady with act
ual business in bankers bills at $4S51g0
4,S5% on demand and S4S3Ad4.SSl9 for %
days; posted rates, $4S6lad4S7 CONNER
cial bills, A.S212 Silver certificates, 5i6
5il2c; bar silver, $3.50; Mexican dollars
4l34c. Government bonds were weak
state bonds were dull; railroad bonds were
firm
New York, Aug 17.-The Evening Posts
London financial eablegram says: The
stock markets were dull to-day, but with
an improved tendency at the close. The
prospects of weaker money pressed con-
soils and kindred stocks. Silver securities
were weak, with silver. Kaffirs were much
better. Americans were weak on realiza-
tions but the close was firm. It is believ-
ed here that the rise in Americans is not
yet over. But that the movements may
be less violent in future, traffic receipts
having apparently been so largely dis
counted. 1t is reported in good quarters
that much of the bar gold bought here
some time back when French exchange
was very low, has been borrowed on at
| the Bank of France, thus creating stock
OF gold which can be drawn upon in case
of export requirements. The Paris and
Berlin markets were quietly steady"
New York, Aug. 1.-THE bears must be
| conceded to have won the honors m to-
| days stock market. Prices were never
| more than a fraction above those of last
nights close during the day, except in a
| few cases. aud most of the days sales
were made at a level quite sharply below
the close.
The other stocks kept one eye on the
wheat market all day and were keenly
| alive to the heaviness manifested in that
market and to the notable decrease in the
export demand for wheat, on account of
| the high range of prices reached for that
| cereal. Dizziness settled on the market
soon after the nights accumulation of
commission house orders had been worked
off. But the bear traders took possession
| of the market in the absence of an active
buying demand, and sold it down to catch
| stop orders. The buying ceased on any
marked advance and this encouraged the
bears to persist, with the result that they
| finally succeeded in shaking out a large
amount of the weakly margined stocks
and precipitated heavy offerings on stop
loss orders. These were quite readily alb
sorbed without rallying the market There
was a noticeable falling off in commission
house buying and the total sales fell off
10000 shares below yesterdays record and
considerably over 100000 shares below the
| record of any full day last week.
The bond transactions were also very
| much diminished in volume. The aver
age net decline in the prominent railroad
stocks is over a point, and individual cases
| is considerably more. The fall was assist
| ed by reports of damage TO the spring
wheat crop and prices for Americans in
London were decreased on these reports
and on the belief that the minimum rate
of discount would be raised above per
cent. by the Bank of England.
The Changers, the Coalers the Interna-
tional stocks, and in fact all western rail-
| road stocks were notably sufferers, North
ern Pacific preferred, being a drag on the
market all day. Louisville and Nashville
Atchison preferred Missouri Pacific and
Union Pacific, were active in the late sell
ing movement. Notable declines were
shown in Sugar and Tobacco. Lake Shore
jumped points in the early dealings to
17Sl2 which is a new high price record, but
the gain was mostly lost in the final trans
actions Burlington shows a net decline
of 15s, the heaviest loss in the Changers.
Lake Erie and Western preferred lost .
New Jersey Central, 2a, Reading first pre-
ferred, rs, Erie first preferred, 15s, and
many other stocks point or less.
The total sales of stocks to-day were
497 100, including Atchison preferred 1s.-
100; Chesapeake and Ohio, S,S75: Burling-
ton, 90, 3S4; Louisville and Nashville 1920;
Missouri Pacific, $50; Northern Pacific,
$500; do preferred, 25,220: Reading, p, 1856;
Rock Island, 10, sos; St. Paul. 80, 100; South
ern Railway preferred, 5000; Union Pa
cific, $50; American Spirits, 5,09S; Ameri-
can Tobacco, 1920; Chicago Gas, 6,7G0; Pa
cific Mail, $500; Sugar, 22o90; Western I'm
ion. $500; Chicago Great Western 29.25O.
The bond markets were moderately ac-
tive and displayed considerable firmness.
Some of the unusually neglected issues
fiuctuated quite widely, but the variations
in the speculative liens were restricted to
narrow limits. The aggregate sales were
81 $4,000 Governments eased off slightly
The other issues were fairly steady. The
transactions were $4,000
New York Closing Stocks.
Atchison ........ 1874 do pref ........ 1871