The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-13

/ Bound railroad IS. 67ls bid, e9ls asked;
Southern railway IS. S7tS bid. IS asked;
Georgia and Alabama first preferred IS.
1924 bid. lO4 asked; Georgia and Alabama
| rirst eonsols, 80 bid, 81 asked.
Railroad Stocks-Augusta and Savan-
| nah 90 bid, SS asked Georgia common,
| los bid, 100 asked; Southwestern, 9115 bid,
| 921s asked; Atlanta and West Point rail-
road stock. 9S bid, 80 asked; Atlanta and
| West Point per cent. certificates. 90
bid, 100 asked; Savannah Construction
| Company, IS bid. 20 asked ex-div.
Gas Stocks-Savannah Gas Light stock
| 20l5 bid. 2l12 asked: Electric Light and
Power Company, = bid. "a asked.
Bank Stocks, Etc.-Citizens Bank, 100
| bid, - asked; Chatham Bank, 4424 bid. 45l5
asked; Germania Bank, los bid. 100 asked;
Merchants National Bank, S6ls
bid. s715 asked; National Bank
of Savannah, 12i15 bid, 125la
asked; Oglethorpe Savings and Trust
| Co. 1903 bid, l05 asked; Southern Bank
| OF the State of Georgia 1856 bid 159 asked;
| Savannah Bank and Trust Company, 101
| bid, 102 asked; Chatham Real Estate and
Improvement Company, A, 81 bid, 54l5
asked; p, 5214 bid, SO asked; Peoples Saw
ings and Loan Company. 81 bid. 80 asked.
Factory Bonds-Augusta Factory 6s, 101
bid, 1O2 asked; Enterprise Factory IS, 100
| bid, 1O1 asked; Eagle and Phenix Manu-
| featuring Company, per cent bonds, 40
| bid, AZ asked Sibley Manufacturing Com
pany 6S, l0l bid, 1O2 asked.
Factory Stocks-Savannah Cotton Fac
! tory, - bid, % asked; Augusta Factory, so
bid, SO asked; Graniteville Factory, 145 bid,
| ISL asked; Langley Factory, 1A bid, 1854
asked; Enterprise Factory common, 90
| bid, SO asked; j. r. King Manufacturing
Company, 1O4 bid, los asked; Sibley Manu-
| featuring Company, 20 bid, 76 asked; Sa-
vannah Brewing Company, bid. IS ask
ed.
New York, May 12.-Money on call was
easy a t 1AG11a per cent; the last loan was
| at ~ per cent, and closed offered at lao
1IA per cent. Prime mercantile paper S15
"A per cent. sterling exchange steady
with actual business In bankers bills, at
81. S714GI4. S71h for demand, and 81 S6hO
4 S6la for sixty days. Posted rates. 81. $40
4S716. and 81 SS6t4 SO. Commercial bills.
81 ,65Is. Bar silver 60lkc; Mexican dollars
Also Government bonds firmer; state
bonds were dull; railroad bonds were firm.
New York, May 12.-London
financial cablegram to the Even
ing Post says: The markets
were gutter to-day with a reaction in
some of the speculate stocks which have
recently advanced so sharply. The tone.
however. is still distinctly firm Ameri-
cans were quiet, but firm, with some eX-
cepuonally good buying. notably of Cen
| trail Pacific. Norfolk and Western and
Union Pacific. The close was steady in the
street, but there was no business doing.
Brazils were better again and Kaffirs were
| good There was a. sharp rise in Peruvian
stocks, on reported contract signed by
| French syndicate with the Peruvian gov
eminent for a loan of about 100000 1t
| is believed that satisfactory arrangements
will be concluded for meeting the Peru
Wan corporation bond holders claims on
the government The Paris and Berlin
markets were firm"
| New York May 12.-To-days market
CT was a n
terday' whatever strength there was gen.
orally manifested not outlasting very long
| the close of the London exchange and the
| strength reflected from there, which was,
| however, less marked than yesterday.
London also was again a purchaser of
! securities in this market, though not in so
! large a volume as yesterday. Some pur-
! chases we're also said to be for Holland
account. The stocks bought by the for
| eigners were Union Pacific. St. Paul and
! Louisville and Nashville; also Norfolk and
| Western. Some sales for foreign account
were also made. The selling movement
in Sugar and Chicago Gas became heavy
later in the day, Sugar being sold on re-
| ports of jeopardy to the sugar schedule
| of the amended tariff bill and Chicago Gas,
| on reports of the unlikelihood that expect
| ed beneficial legislation could be enacted
| in Illinois. This caused such sharp de-
| clines in those stocks that the depression
| spread, by sympathy, through the list.
| The dulness of trading was in part due
| to the expected announcement of further
| gold shipments, but these were not forth
coming, beyond an increase of only $4,000
by house which had already announced
| 100000 by to-morrows steamer. What
ever shipments may be made by Saturday 4
steamer are now expected to be small al
was foreshadowed last night There is III
fact, a very light demand for exchange
and no encouragement to offer bills against
| nrn1A L.
quantity of these would break the ex-
change market below the profitable point
for gold shipments. What shipments may
be forthcoming on special orders from
Europe, of course, remain open to conjec-
ture. The considerable purchases of our
| securities by London yesterday and to-day
has tendency to weaken exchange. An
increase in the exports from the port Of
New York for the week of s. 4e2, 266, some
what offset the enormous imports of last
week. and the government receipts of Gus
toms from day to day show that this
weeks imports will hardly reach anything
like last weeks figures. On the other
hand, New York exchange on Paris shows
tendency to harden, and the Paris rate
on London declined slightly again to-day
As result of the upward movement of
stocks and the subsequent reactions, net
changes are for the most part very mar
row. The restricted character of the
and Chicago Gas absorbed over one-third
of the total dealings and as these two
stocks were notably depressed, they con-
stitute an effective drag on the market
The foreign purchases of stocks were es-
timated at from 1900 to 1000 shares The
total sales of stocks for the day amount
ed TO 1856 shares. including American
Sugar Refinery. $500; Burlington and
Quincy, 1900; Chicago Gas, q. 200; ST. Paul
preferred, lO,lO0; Wabash preferred, II. 1901
New Jersey Central, 5000. The bond mar
ket maintained a firm tone generally with
purchases for foreign account again noted
Gains of slight fractions were generally
made In the leading issues, with the spec
ulative lines absorbing the bulk OF the
dealings improvements Of lag per cent.
were scored IN some of the inactive middle
grade stocks. The aggregate transactions
were N,l25,0O0. Governments we're dun,
but hardening tendency was apparent
In the new tours. The sales were S32, 600.
Closing Stocks.
Atchison ANN. 109sl n. Y. & N. T.. 81
Adams FIX. .....l52 o. e. Western .. 1871
A., 4. II. ....... 90 ore. Nav. ....... 10
Am. Express lib o. s. l.. e. u. N. 10