The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-08-03

so bid, SO asked; Graniteville Factory, 145
bid, Isl asked; Langley Factory, 104 bid,
lO5A asked; Enterprise Factory, common,
SO bid SO asked; J. r. King Manufacturing
Company, l4 bid, 105 asked; Sibley Manu-
featuring Company, 70 bid, 76 asked; Sa-
vannah Brewing COMPANY. bid IS asked.
New York, Aug. Mooney on call was
easy at lQlA per cent, closing offered
at l per cent. Prime mercantile paper
3Q4 per cent. Sterling exchange was east
or, with actual business in bankers bills.
at "a .S7l4, and 81 S6Gl4 .S614 for sixty days
Posted rates, S.S719d4. SS1a. Commercial
bills, 81. S5l2. Silver certificates, 5S14 Q5S24c;
bar silver, 5TSc. Mexican dollars 45Ac
Government bonds We're quiet. State bonds
were dull. Railroad bonds were strong
New York, Aug. THE market for
stocks displayed an irregular tendency at
times, but the net result of the days
trading was a general average gain eX-
tending all through the list. 1t was the
general outside interest in the market
shown by the purchases made by the
commission houses that checked the slight
saSging tendency which developed at
some points in the list. The professional
bear operators, who are constantly watch
ful for the reaction, which they think must
come after the long upward course of thu
market, made some attempt to take ad-
vantage of this sagging tendency and
tend the weakness through the list. But
they soon retired from the field.
Some reports of crop damage gave the
ground for selling movement in the
Changers, and also in the Southwesterns,
but IT was Short-liVed. The commission
house buying, which sustained the list,
was supplemented by the large buying in
individual stocks melted by special causes.
Consolidated Gas continued to show the
aggressive strength which has character
lied it recently. This strength is believed
connected chi no
laraton of dividend Other local gas
securities failed to develop activity or to
show any sympathy. Chicago Gas how
ever, continued its upward course, and
its price made the long predicted passage
OF the par mark, selling as high as 1905.
This is new high price record. the pre-
vious highest price being $685.. made sew
eral years ago. but only momentarily
maintained
The Northern Pacific preferred stock
was also a center of strength, due to the
belief that the voting trust had agreed
upon a basis of harmonious adjustment
with the interests in sympathy with the
Great Northern. The price rose ia. but
reacted partially on account of the diff
Guilty in securing any authoritative confir-
nation of the very explicit reports set
af1oat regarding the choice of the new
president.
A number of industrial stocks were es-
bacco, the former showing recuperation
from its depression of last week and rising
sharply on short covering. Leather was
also strong. Chesapeake and Ohio was
strong on the statement of earnings
The weakening of the exchange market
was the refutation of bear rumors that
further heavy gold shipments were to be
made this week.
The total sales of stocks to-day were
3Ss,9lO shares, including Atchison prefer
red, l4,SSS; Burlington, 1889; Louisville
and Nashville, 1879; Missouri Pacific. s.
49, Northern Pacific, 5,543: preferred. &c.
200 Rock Island, u,215; ST. Paul. Is 800;
Southern railway preferred. 64OO; Ameri-
can Tobacco, 2S,O9O; Chicago Gas, 81 900;
General Electric, $500; Sugar, 46 1925; United
States Leather, preferred, GAS; Western
Union, 1884; Chicago Great Western. 49,
259 40
Business continued in large volume in
the bond market, the speculative issues
absorbing the bulk of the dealings. Kan
sas Pacific consols showed a rise of 2
points. The market generally showed de-
clded strength, but realization caused
heavy tone in the Atchison MORTGAGES.
Sales were $2,95OOOO. Governments were
dull but firm, on purchases of $1,000.
New York Chasing gtoclye