The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-25

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Factory Stocks-Savannah Cotton Fac
TORY, = bid, . asked; Augusta Factory 90
t pa oS asked; Graniteville Factory, las bid
I9l asked; Langley Factory. 1O4 hid 10sie
asked; Enterprise Factory common o.
ora Olu, 80 asked; ]. R. King Manufacturing
company, lO4 bid. 100 asked: Siblev Manu.
occurring Company, 70 bid, 76 asked: Sa-
e5nhah Brewing Company, - bid, IS ask
New York. May 24.-Monev on can woe
easy at 1AQ1i5 per cent; the last loan
was at l5s per cent, and closed at 1u011L
per cent. Prime mercantile paner 915G1
per cent. Sterling exchange easv Win
actual business in bankers bills at "a S7G
$50 LOT demand. and at 81 S614 for sixty
Gays. Posted rates were 81 81 and q So
4.&1s. Commercial bills. @.S5 SiII,a T' oo,s
nncates, 6O1sq609sc Bar silver eo1Ic
nieAlcah dollars, 47ssc. Government bonds
were strong; state bonds We're dun. rail
road bonds firm ~
New York, May 2I.-The Evening POSTS
LONDON financial cable says: The stool,
$500. 80 were dull to-day on realizations
pelote lhe settlement. Mines were lower
because the bear element at the settlo.
. .LeuI 10 leSs prominent than had been ex
Pecteu' Contangos were higher. After a
9HaIp setback, prices closed firm. Amer
IOans were hrmer until the New York
100 were received, when dullness fol
lo"eu' About f2500O0 of gold from Tho
Cape was sold to-day. which WAS ho,,o.h.
Aor RUSSIA. The Paris and Berlin rnarlrete
We're quiet and steady nv ''
NeW cork, May 4-To-day's rally On
eue STOCK market was attributabIe 70 +bn
1eoIslon OF the supreme court in the in
Sarj'taS commerce case. The market had
derived strength last week on runnors re-
gardlng this decision. but il sold off a,ratr
inns morning, before the decision was an
ilouhCSu, on account of doubt bainer
thrown upon the reliability of the lasf
week Information. In all the early dea1'
ns lne hahd OF the professional trader
~ae Pidilily evident. The morning was
gwen over to depression on account ~
reports that the Nebraska r,axir,,,,,,
felsht case would not be decided nv rho
supreme court until fall. the decision In
the interstate commerce being also IN
oouDt' 1t is an illustration of the in
consistency and of the professional tra1.
s woIhlhg Tor short turn in the mar.
ket IN the upward movement that rae,,lr
ca upon the decision of the interstate com
herce case the postponement of the NJ.
praska case was offered as a kuII argn-
ment on the ground that the lower courts
injunction stands and will stand until nc
decision of the court in October II is
atso pointed out that the special session
OF the Nebraska legislature to correct the
law which was in contemnIatior ~ ~
event Of its validity being denied win
now be called. The gold shipments an
houhced for tomorrow, $4,000 also hao
depressing influence in the early trading
d. the amount exceeded considerably what
Iau peen anticipated. There was also
news of further shipments in contemnIa.
tlon Tor later in the week Lower prices
IN London also had its influence in the
early heaViness, and the renewed attack
Oh Jersey Central affected the market To
soine extent. Quite an unwonted degree
OF Duoyancy and animation was imnart-
ca 20 the market by the supreme courts
interstate commerce decision This is ra
garded as the most important decisiop
IN IT'S enect on railroad values since The
trans Missouri decision. Part of tbs
strength Impaired to railroad stocks nv
thls decision is due to belief that II vii,
serve to hasten the enactment of a law
ny congress to authorize pooling, with the
required approval of the interstate com.
herce commission of any such agreement
to make it binding. The early heaviness
carried down pretty much the whole mar
ket, the decline extending to IL in Rur.
nngton, which was the leader Of the mar.
ket IN point of activity. This stock also
derived the greatest benefit from the raj
~ the gain being 21s per cent. The fol
lowing stocks also rose a point or moro
from the earlier low prices: Atchison
preferred, Cleveland, Cincinnati, Chi
cago and st. Louis, st. pam
Rock Island, Omaha, Lake shore
Louisville and Nashville, Manhattan
Northern Pacific preferred, Norfolk and
western preferred, Western Union
Leather preferred, Sugar, Tobacco and
General Electric. Jersey Central de-
clined 11a in the early depression. hut
gained ga on covering movement. Del
aware and Hudson rising IL in sympathy.
American Spirits lost 11s on the day. Chi
cago Gas was quite erratic, but gained A
sharp net fraction. The closing was
strong and buoyant and generally at ton
prices. The total sales of stocks for The
day amounted to 100. SIG shares. Including.
Sugar. 500; Burlington, 80, 900: Rock Isl.
and, $500; st. Paul. 20, 100; New Jersey
Central, q, 400.
me bond market ruled moderately &C.
i've, with a tendency toward higher
prices, which became quite marked in the
closing dealings among a few specula-
tive issues. The gains generally did nor
exceed fractional limits, with Atchison
adjustment As conspicuous for a gain of
per cent. The sales were $4,000.
Government bonds were dull. but show
ed decided strength in the late dealings.
Closing Stocks.
Atchison ........ l0h Ont. e. w ....... 1872
Adams EsN -142 lOragop