The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-04-25

a,
81 asked; National Bank OF savannah, 124ls
bid, l25ls asked; Oglethorpe Savings and
Trust Company, 1S bid, asked;
Southern Bank of the State of Georgia,
| 1856 bid, 159 asked; Savannah Bank and
Trust Company, 100 bid, 10i asked; Chat
Company. A, 81 bid, 541s asked; b, 52A
| bid, SO asked; Peoples Savings and Loan
| Company, 81 bid, 90 asked.
Factory Bonds-Augusta Factory Is, 101
| bid, 102 asked; Enterprise Factory 6s, l02
bid, 1903 asked; Eagle and Phenix Manu-
| featuring Company. 6 per cent. bonds,
40 bid. so asked; Sibley Manufacturing
Company 6s. 1o1 bid. 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, rs bid. So asked; Augusta Factory. 50
bid, 81 asked; Granitevile Fac
tory, las bid. ISL asked; Langley Factory
1O4 bid, 1854 asked; Enterprise Factory
common, 9S bid. SO asked; j. r. King
| Manufacturing Company. 1N bid, 105 ask
ed; Sibley Manufacturing Company, rs
bid. IS asked; Savannah Brewing Com
| pany, - bid. IS asked.
New York, April 24.--Money on call was
easy at 1G115 per cent; the last loan
was at III per cent, and at the close was
offered at IL per cent. Prime mercantile
| paper S1ed4 per cent. Sterling exchange
steady. with actual business in bankers
bills at 81 ,s6d4.S614 for demand and s4.s61s
| Ql4S694 for sixty days. Posted rates, $4.S7
| Q4.S71s and 81. SS16G4.S9 Commercial bills,
A.65; silver certificates, 6l%@62Ac. Bar
| silver, 6lssc; Mexican dollars, 4Sl4c. Gov
| eminent bonds steady; state bonds were
| dull; railroad bonds were firm.
New York, April 24.-The Evening Posts
London financial cablegram says: 1.-The
| stock markets were inactive and feature
| less, with the tone distinctly dull on the
| threatened complication in European pol
| itcs. To-days withdrawal of gold is for
| Japan. The continental exchanges show
| little or no change, but are trihe firm
er. The strength on the London discount
market around 1ss per cent has checked
the Offering of New York drafts, which
| are now rendered at about ia +"
New York, April 24-The dullness of the
| trading continued to-day and the market
| sagged from inanition. The lower prices
| OF American securities on the London ex-
| change gave the tone to the opening here
where prices of the international shares
promptly adjusted themselves to the Lon
| don parity except in the cases of Reading
and Southern, preferred These two
! stocks were an exception on the London
exchange in showing fractional gains
| over the New York closing. But New
York declined to adopt the London view
| of them and they sold here at a decline
about proportionate with the other inter
nationals. AdviceS from the European
| exchanges indicated more serious view
| of the war than has been taken since the
| first trading on Tuesday after the Easter
| holidays, and the outbreak of hostilities
The decline in the internationals was in
consonance with the rise in wheat con-
| sistently with Wall streets new principle
| of counting hurtful to stocks what is ben
| eficial to grain prices. For the rest the
| features of interest in the days market
were exceedingly scarce and were confined
| to peculiar conditions affecting particular
| stocks. The bears attacked Missouri Pa
| citic with renewed stories of financial diff
| 1culties and probability of a receivership.
| The course of the stock market during
the week might be summarized as an ex-
| IRENE decline on Monday on the first trad
] ing after the news of the actual outbreak
| of war on the Macedonian frontier, rally
/ which carried prices above the level of the
| previous Saturday and succeeding stagna-
| ton which showed little variation and
| transactions reduced to the smallest pro-
portions. So far as any general influence
| on the market was concerned, interest
| has conferred entirely in the war news.
Aside from the war news the factors in
the market were not important and were
| confined to individual shares, except for
| squeeze of shorts in the Coalers, which
was a purely manipulative movement.
| The more prominent railway shares show
a fractional net gain on the week, al
| though the slump of Monday and subse-
quent recovery and final reaction has COW
cred a range running from a fraction to
6h The railway and miscellaneous bond
markets ruled fairly active during the
week, with quiet general business trans
acted in the usually neglected issues in
| which noteworthy variations were mainly
regis tered. Prices were fairly we'll sus-
tanned for the leading mortgages and a
| material hardening occurred in the bid
quotations for the gilt edge liens. Bust
ness in governments during the week was
extremely light and fluctuations narrow,
! with n good undertone. Silver certificates
| rose to 62ss on purchases of 10000 ounces,
but subsequently receded below last
weeks close on the bid quotations.