The morning news., 1897-08-27


first preferred 5s, '92l3 bid. 103 asked, and
interest; Georgia and Alabama first con-
soils, 70 bid. 50 asked.
Railroad Stocks-Augusta and Savan
nah, 81 Did 80 asked, Georgia common
165 bid, 16S asked; Southwestern, 9G1a bid
| 9i32 asked; Atlanta and West Point r. r.
stock, 102 bid, 103 asked; Atlanta and West
Point per cent. certificates. 102 bid, 1OS
, asked; savannah Construction Company,
66 bid, 6S asked
Gas stocHs-Savannah Gas Light stock.
p bid, % asked; Electric Light and Power
Company, So bid, go asked
Bank Stocks, Etc.-Citizens Bank 1897
! bid, a5ked; Chatham Bank, 42l2 bid,
43l2 asked; Germania Bank, 109 bid, 10
asked; Merchants National Bank S5l5 bid,
Sls asked; National Bank of Savannah.
10 bid, 126 asked; Oglethorpe Savings and
Trust Company 103 bid, 104 asked; South
ern Bank Of the State of Georgia, 152 bid,
| 100 asked; Savannah Bank and Trust
Company, 100 bid. - asked; Chatham Real
Estate and Improvement Company, a, So
bid, - asked; B, 5414 bid. asked; Peo-
| pies Savings and Loan Company, 90 bid,
- asked.
Factory Bonds-Augusta Factory 6s, 101
bid, lo2 asked; Enterprise Factory 6s, 100
bid, lOl asked; Eagle and Phenix Manu-
featuring Company per cent. bonds
40 bid, 42 asked; Sibley Manufacturing
| Company 6s, 101 bid 1O2 asked
Factory Stocks-Savannah Cotton Fac
| tory, - bid, % asked; Augusta Factory
| 80 bid, So asked; Graniteville Factory, 145
bid, l5l asked; Langley Factory, 14 bid
| lOol4 asked; Enterprise Factory, common
50 bid, IS asked; J. r. King Manufa ctur-
| ing Company, l04 bid, 105 asked, Sibley
! Manufacturing Company, 70 bid, 76 ask
ed; Savannah Brewing Company. - bid, IS
| asked.
New York. Aug. 26.-Money on call was
easy at 1Ql12 per cent; the last loan was
at IA per cent, closed 1GlH per cent
Prime mercantile paper, 3%d415 per cent.
Sterling exchange finn, with actual busi-
ness in bankers bills al $4.S5ls for demand
and 4S3l2 for sixty days. Posted rates
$.S4l&Q4S5l2. and A S62Q4T Commercial
bills, %,S2Q4S2i2. Silver certificates, 51l3a
o2c. Bar silver, 5l12c. Mexican dollars,
4Oi4c. Government bonds strong; state
bonds were dull; railroad bonds were firm.
New York Aug. 26.-The Evening Posts
London financial cablegram says: The
! stock markets opened generally duh to-
| day, but closed steady on rumors that the
| powers will come to an agreement on the
eastern question. Consols closed at 112la
buyers. Kaffirs were firm at the close.
Americans were good all day, but the
close was a fraction under the best New
York Central and Norfolks were especially
bought to-day. Fries We're also strong
There was a further rise in Brazilians on
the continued Improvement in exchange.
to Rothschild having bought
| the Central Brazilian rail-
! way from the government for f5,00GO0).
| This is not correct. The London discount
market was firm on the transfer to-day
of 81, 100000 to the japanese account in the
Bank of England. l believe, however, that
| some of this may shortly be released The
Paris bourse opened quiet, but closed
buoyant on the eastern rumOrs. The Ber-
lin market was firm. 1t is still buying
Canadian Pacific"
New York Aug 26.-The striking fact
about to-days market for stocks was the
absence of any large offerings to sell.
! The sharp rise of prices at the opening
of the market was on a very moderate
volume of purchases The buying demand
fell off almost immedia tely, but prices
receded very slightly and held firmly in
face of an almost stagnant demand. The
big buyers were practically out Of the
market, and even the small demand show
ed few stocks forthcoming Even with the
conditions so inviting to manipulation,
the market was apparently neglected by
all interests and many stocks which have
been active in the recent trading did not
move at all during the entire day The
total sales, 220 .000 shares. is the low record
for several months past Much anima-
ton was manifested in the bond market,
and prices there were strong, exercising
a sustaining influence on stocks.
The quetness which has fallen upon the
stock market is due to the unsettled con-
victlon as to the safety and final dimen-
sions Of the corn crop. The mercurial
condition of the grain markers has arous-
ed a condition of doubt in the minds Of
stock traders, and they are waiting for
more fixed conditions before putting fur
ther money on a large scale into stocks
The strength of individual stocks helped
TO sustain the market, which was, iu that
respect. almost a repetition Of yesterday.
Missouri Pacific was strong. ana sold al
the opening Ia above last nights close
This stock was in good demand all day
and closed with a net gain Of H. The
Vanderbilts continued in good demand,
and radated strength through the mar
ket. Chesapeake and Ohio was most
largely dealt in on reports Of its improv-
ing finances, and led the list with sales
of 5000 shares. Chicago. Cincinnati and
st. Louis preferred was bid up TO 7s as
against Is the previous day. During the
latter part Of the day Sugar was remark
ably steady at over a point above last
nights close The buying at the closing
which was most prominent IN the Gran
gers, carried the market TO the highest
level of the day. Rock Island leading with
a net gain Of IA points. London buying
was quite prominent factor in view Of
the small volume OF the trading
The sales for the day for London ac-
count were estimated "a 5000 shares ONLY
the three leading Grangors. Chesapeake
and Ohio and New York Central were
dealt 50 to the extent Of i0O0 shares. Net
gains OF sharp fraction were general
an through the list al the close ana ex-
tended TO 3la in the case Of Norfolk and
Western preferred 10 in LlClede Gas
and "a point ln Michigan Central Metro
poitan Traction Lost points; Lake Erie
and Western "a point; Manhattan. Tobae.
co, Canadian Pacific. Colorado Fuel. Cen.
erai Electric. Northern Paclc ana South
eru preferred. "a fraction
The total sales OF stocks for the day
were 2iilO shares. Including Atclisol
preferred 1850. Chesapeake and Ohio
G.90i Burlington, ip.g,g: Louisville ana
Nashville. 7e20; Missouri Pacific $3.50.
sew York Central iiT5. Roca IslanI
i0a0i. S. Paul 1861. LaClede Gas 271
sugar l04l1, Chicago Great Western. 9.fl5
The railro4d bond market was nclIvr
Tor the speculative bond Issue. nf higher
issues General Electric bonds sold
fraction hIahor Tho total salo. NJ bonds
were i4 $1,000
Sea- York CLOSING 8toeta