The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-25
HE MORNING NEWS: THURSDAY, MARCH %, 1897

bid. 102 asked; Eagle and Phenix Manu-
featuring Company, per cent. bonds 30
bid, 80 asked; Sibley Manufacturing Com
pany 6s, 100 bid. 1O1 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, So asked; Augusta Factory, 50
bid, 81 asked ex-div.: Graniteville Fac
tory. las bid, l51 asked Langley Factory,
l0S bid, l04 asked; Enterprise Factory
common SO bid. 80 asked; ]. r. King
Manufacturing Company, 103 bid, 104 ask
ed; Sibley Manufacturing Company, 10
bid. rs asked; Savannah Brewing Com
pany, 80 bid. 90 asked.
London March 24.-Bar silver 2SS4d. Con-
soils ll2ssd tor money and ll2la for the
account.
Paris. March 24.-Three per cent. rentes
102 francs, 80 centimes for the account.
New York. March 24.-Nioney on cali was
easy at 1i201$ per cent, the last loan was
at IL per cent, and at the closing was at
~ per cent. Prime mercantile paper Sls
per cent. Bar silver 625sc. Sterling eX-
change strong with actual business in
bankers bills at S4S52lQ4.S6 for sixty days
and AS1l20i.S7& for demand. Posted
rates S4.S6l2q4SS15. Commercial bills
A.S41ad4S5h Government bonds higher;
state bonds dull; railroad bonds lower.
Silver at the board was quiet.
New York, March 24.-The treasury bal
lsl.lD r.
rency $67, 532 226.
New York, March a. noon.-The stock
market was steady at the following quo
tatiOns:
Erie ........... 10 lBalt. & Ohio -. 1874
Northwestern ..1OShICan. Southern e. arr
do pref ,......l56 st. Paul ......... 753s
Lake Shore lies Rock Island .... 6512
N. q w. pref =. q Del. & Hudson. .1O7A
West. Union -. S3A Del, L. & W.. .1541a
So. Ry Com S1aManhattan ...,.. S4l4
pre- pref .....,. 27M Mich. Central e. IS
Am. Sugar .....1115s ". Y. Central =. $685.
New York, March 24.-Depression char
acterlzed the trading at the stock ex-
change during the greater part of the
day, the recent decision by the United
States supreme court in the TRANSMITS
souri, Freight Association case having
created decidedly bearish feeling on Sc
curlties. Reports that several western
roads were ready to withdraw from va
rious freight and passenger associations
in accordance with the supreme court rul-
ing, started heavy liquidatons in the
shares of the road referred to. These is
sues were most pronounced in the down.
ward movement, and at one time, showed
losses of 2625s per cent Rock Island and
Burlington and Quincy bore the brunt of
attack. The general list declined any
where from p to "a per cent, Tennessee
Coal, Louisville and Nashville, Big Four,
Western Union and Southern railway
leading. London houses at first bought,
but subsequently turned sellers and the
liquidation by the foreigners finally car
ried Louisville and Nashville down to 45S4.
The shrinkage in values forced weakly
margined holders to sell, and the execu-
ton of stop loss orders accelerated the
downward movement. In the Industrials,
Sugar fell to 11115 on increased dealings.
Chicago Gas, in sympathy with the gen.
eral market, receded about point, but at
the decline, supporting orders were forth
coming and the loss was partially recoV-
cred. In the final transactions the bears
made efforts to turn paper profits into
cash and, under the process, a sharp rally
ensued. Jersey Central and Lake Shore
were the leaders. Jersey Central rose
from S4a4 to S714 and Lake Shore from 1855
to 1863 The strength of Jersey Central
was due to the publication of Its Feb
ruary statement, which showed an uneX-
pected gain in net earnings of over $4,000.
As a result of the rise in the stock NAM
ed the market closed firm. Transactions
were unusually heavy, aggregatlng 3S5 73l
shares, of which 81 300 were St. Paul, $500
Sugar, 1880 Burlington and Quincy, and
1860 Chicago Gas. Net changes showed
declines of 14Q13s per cent, Manhattan,
Jersey Central and New York Central
gained 1kd11s per cent. In the specialties,
Minnesota Iron dropped to SS12. The
bond market was weak to-day. The sales
footed up 81, $4,000.
New York Stock List, Stocks and Bonds
at the Closing