The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-09

and West Point per cent. certificates, 80
bid, asked; Savannah Construction
Company, SO bid, 70 asked.
Gas Stocks-Savannah Gas Light stock.
% bid, % asked; Electric Light and
Power Company, 55 bid, 60 asked ex-div.
Bank Stocks, Etc.-Citizens Bank, 10S bid
109 asked ex-div; Chatham Bank 45 bid,
45lk asked ex-div.; Germania Bank, 1O6
bid, 10S asked, ex-div: Merchants Ma
tional Bank IS bid, SO asked;
ex-div. National Bank OF Savannah,
LA bid, 125 asked, ex-div.; Oglethorpe Saw
ings and trust Company, 101 bid 1902 asked
ex-div.; Southern Bank of the State of
Georgia, $50 bid, 155 asked, ex-div.; Savan-
nah Bank and Trust Company, 80
bid, 101 asked, ex-div.; Chatham Real
Estate and improvement Company, A, 81
bid, 541a asked; B. SO bid. - asked; Peo-
pies Savings and Loan Company, 80 bid,
SO asked.
Factory Bonds-Augusta Factory IS, 1Ol
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, 101 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, bid, Is asked; Augusta Factory,
so bid. SO asked; Granitevile Factory, 145
| bid, 151 asked; Langley Factory, 104 bid,
1854 asked; Enterprise Factory common,
90 bid, Sc asked; j. r. King Manufacturing
Company, 104 bid, 105 asked; Sibley Man
ufacturing Company, 70 bid, rs asked; Sa-
vannah brewing Company - bid, s. ask
ed
New York, July s-Ioney on call easy
a. 1919 per cent. last loan was at ia per
cent, and closed at 1d1A per cent. Prime
mercantile paper, 304 per cent; sterling
exchange firm, with actual business In
bankers bills at $4.S7 for demand and at
$4.s5a4 d4.S6 for 60 days; posted rates, AS612
G4.S71a and 81. 8Sd4. SS1a. Commercial bills,
fRoa Toe Lr.s how
silver, 6OAc; Mexican dollars, 46lsc. Gov
eminent bonds were easier; state bonds
were dull; railroad bonds firm.
New York, July S.-Evening Posts Lon
don financial cablegram says: THE stock
markets to-day were inanimate from start
to finish, but the tone was a tritle better,
the jobbers putting up the prices on the
improved opinion held concerning eastern
affairs. Americans opened at the New
York parity, but there was no business
and good items of news from the United
States merely caused few bears TO cover.
The approaching holiday on Saturday
next helps the stagnation. Details of the
Indian rupee loan are expected imme-
diately The Bank of Bengal rate is down
to 6 per cent The Paris and Berlin mar
kets were firm"
New York, July S-Proft taking was
the order of the day in the stock market
The sending of the tariff bill TO conference
mination of which has formed subject
for speculation in the recent market. The
termination is regarded as a favorable
influence on values, but having been pre-
Viously discounted, realizing sales were to
| be looked for In the natural order of
things. The reaction did not develop i'm
mediately at the opening, owing to sew
eral sustaining influences. The sugar re-
fining industry special interest in tariff
bill made that stock sensitive to Washing
ton reports as to the chances of the sugar
schedule In the conference. These reports
varied all day as matter OF course, but
carried Sugar up at the opening. The
Changers and International stocks also
opened with an upward tendency. The
former group enjoyed an impetus as off,
cial announcement by the refunding com
mittee Of the Chicago and Northwestern
that the directors of the company had au-
thorized mortgage for sl65, 900. to run
ninety years. Marked improvement about
the same time in a group of usually in
active securities, due to marked opera
tions by an interest which has large hold
ings in each of the groups, was a further
influence toward an advance, as was also
the special strength shown m some other
individual stocks. Those combined infiu-
ences resulted in rally after the first de-
cline that carried prices generally to the
highest of the day, and St. Paul to S4Ss
the highest Of the present movement. The
influences were Of only a temporary eff
feet, however, in checking the reactionary
tendency of the market, and in fact
served only to accentuate the desire to
take profits. The realizing was based
both on the passage Of the tariff bill by
the Senate and on the continued belief in
the elimination of the long turn the mar
ket has made on general conditions of
business. There were those also who ex-
pressed their disappointment that the
Presidents message recommending a cur
rency commission had been deferred, and
that the authorization of the mmlssion,
with the membership Of the Senate as at
present, was unlikely Such traders gave
these as their reasons for sell
ing stocks. There was an in
crease of activity in the dealings
over both yesterday and the day be-
fore, but quite one-half the dealings was
absorbed by ST. Paul, Sugar and Burling-
ton. Chicago Great Western. Des Moines
and Fort Dodge, and Minneapolis and st.
Louis we're quite conspicuous and strong
as a group. The first gained IL net and
the second 2 points. East River Gas
made an apparently sensational jump in
the closing dealings to 79%. net gain OF
81 points, but IL was a reflection Of a rise
effected In outside transactions on the
curb. Laclede Gas gained IL, and do pre-
ferred and Starch second preferred a
point each. Otherwise losses OF a fraction
we're general all through the list reaching
near point In many prominent stocks.
Sugar lost 49, Burlington rs, and Spirits
preferred. Rubber preferred and Western
Union point each
The total sales Of stocks to-day were
1873 S5i shares. including American To-
bacco, 6sOO; American Sugar. 30 200; Bur
hngton and quincy, $500; Chicago Gas.
1906 Northwestern e.lf9 Reading, 500:
81. Paul. 3l.O00.
The bond market lacked feature aside
from some notable variations In the In
dustrial issues, IN which special influences
operated. The general market displayed a
hardening tendency but improvements
were mainly slight. Sales aggregn ted
Si,5s3000. Governments were easier FOR the
new As. bat other issues were slow. Sales.
n,500
Closing Stocks.
Atchison ........ II iOregon Nav ... 20
Adams Express. 10. s. La L. n. 19K
Alton, n. H.. 90 Pacific Mail .... 307s
Amer. Exrrcss..ii3 Peoria d. & E..
BALTIC q Ohi0 gNl pittsbure .......fG5
Canada Pacific. 6tt Pullman Palace .i67
Canada Sou. &c.. 49h Reading ......... 2ih
Central Pacific. s4tl Rio G.. West...... 10