The morning news., 1897-08-17


lanta and West Point railroad stock, 1O2
bid, 10S asked; Atlanta and West Point 6
per cent. certificates, 102 bid, 103 asked:
Savannah Construction Company 671a bid,
6Sl2 asked
Gas Stocks-Savannah Gas Light stock.
2ll2 bid, 2zl2 asked; Electric Light and
Power Company, % bid, 60 asked
Bank Stocks, Etc.-Citizens Bank, 10Sh
bid 1922 asked; Chatham Bank 43 bid A
asked; Germania Bank 107 bid los asked;
Merchants National Bank, So bid S6l5 ask
ed; National Bank of Savannah 1914 bid
- asked; Oglethorpe Savings and Trust
Company. 1903 bid, 1q asked; Southern
Bank of the State of Georgia. $50 bid. -
asked; Savannah Bank and Trust Com
pany, 100 bid, asked Chatham Real
Estate and Improvement Company. A. 90
bid, asked; &, 5iA bid, asked; Peo-
pies Savings and Loan Company, 80 bid,
asked.
Factory Bonds-Augusta Factory SIS, 101
bid, 102 asked; Enterprise Factory 6s, 100
bid, 101 asked Eagle and Phenx Manu-
featuring Company, per cent. bonds, 40
bid, AZ asked; Sibley Manufacturing Com
pany 6s, 101 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, bid, 25 asked; Augusta Factory.
so bid, So asked Graniteville Factory, las
bid, 151 asked; Langley Factory, 104 bid,
1864 asked, Enterprise Factory, common,
SO bid, SO asked j. R. King Manufacturing
featuring Company, 70 bid 76 asked; Sa-
Vannah Brewing Company, - bid, IS asked.
New York, Aug. 16.-Money on call was
easy at 1@2 per cent. the last loan was a
IL per cent. closing offered at IL per
cent. Prime mercantile paper, 31204 per
cent. Sterling exchange weak, with ac-
tual business in bankers bills at $4.S51aG
4.853i for demand and at 81 .S3l4 al. .S3la for
sixty days. Posted rates, 81. Sf904. S615Q
81. Commercial bills, $4.S212. Silver GER
tificates, 55lac. Bar silver, 543sc. Mexican
dollars, H5sc; government bonds Were
weak; state bonds were dull; railroad
bonds We're firm.
New York Aug. 16.-The Evening
Posts London financial cablegram says:
THE stock markets opened dull to-day.
but recovered later on calmer views of the
Afghan incident. Americans We're strong.
Arbitrage dealers were Shot of stock and
bought largely. Prices, however, closed
a fraction under the best. Indian affairs,
however, exaggerated they may be, have
had bad effect and have served to direct
the attention to the extent of bull account.
kaffirS have only partially recovered. Ca
bles have been received saying that the
recommendations of the industrial commits
sion have not been approved by the Volks-
raad. The Indian rupee loan has been APP
piled for India about twice over The
minimum price was 971a and tenders at 98
lie got about 81 per cent. of the loan. 1t
WOulU nave Deen more successful out IOT
the Ameer incident. The reports that Hoo
ley has negotiated a loan of fl6,000O00 for
China are probably premature, so far as
the actual fixing up of the matter is con-
cerned. The London time money market
has risen 3-l6 per cent. over Saturdays
highest rates"
New York. Aug. 20-To-day's market
for stocks had an appearance of actual
dulness. But this was only by contrast
wit lraf OtaI Gala ell
below 10000 shares by over 5000 shares,
something it did not do for any whole
trading day last week. There was large
falling off also in the activity in the bond
department. Whatever striking animation
there was. was in the first hour of trad
ing. The buying during this period was
brisk, arbitrage brokers joining with the
commission house agents to swell the de-
mand. This represented the working off
of the accumulation of orders received by
commission houses over Sunday.
London was buying some of the inter-
national shares at the same time Il was
selling others AS a result of this lively
demand, prices bounded up lightly, new
high record prices for the year being
made in a number of prominent stocks.
The Changers were actively traded in
at the high level, Burlington showing the
sharpest gain, but Sc. Paul being most
actively dealt in. ST. Paul was the leader
of the list. and was quite largely bought
for London account. Burlington touched
99l. in the opening dealings, but closed a
point below that. The other Grangers
moved over much narrower range, but
closed but little above the lowest
The upward bound of prices al the open
ing invited realizing sales. The profess
sional bears added their utmost efforts.
They had in their favor some reports of
crop damage in the west and the result
was soon shown in a reaction in prices
Of the Changers and Southwesterns, which
had a sympathetic effect upon the whole
list Prices of many stocks were car
ried below Saturdays close. Al
though there was frmer tone
later and some slight recoveries. the mar
ket failed TO fully regain its tone before
the close, and. consequently, prices Of
most of the active leaders Of the market
show only light changes from yesterday
The net changes, though slight, are
mostly gains, one or two OF the Changers
being exceptions. The undertone Of
strength in the market was again strik-
ingly manifested by the dullness that set
IN upon the decline In prices. Sugar
again assumed a prominent part IN the
dealings. ana touched a new hivh record
price at 1i9ia. but reacted nearly a point
before the close. Tobacco was also large
~ dealt in. opening al a sharp gain. hut
selling off during the day Chicago Gas
also showed some signs Of renewed actiy-
icy, but tt suffered from the reaction 10
thu market Although the early strength
carried many stocks 70 q point or over
above Saturdays close. the gain was in
most cases practically wiped out. The
Vanderblts. particularly Chesapeake ana
Ohio and Cleveland. Cincinnati, Chicago
and 81. Louis, were notably firm an day
closing near the top. The lattcr'g pre-.
ferred stock was bid up per cent
The total sales Of stocks FOR the day
were ii3.lGl shares. Including AtchlsOn
preferred, 23 ii2; chcsapcakc and Ohio, 2l.-
500 Burlington. 2L2l0, Louisville ana
Nashville $780, New Albany ana ChI-
cago, 1906 New York Central. 23.0i.
Northern Pacific. 1886. DO preferred. is-
$50. Rock Island. $40. &c. Paul. 1920.
Union Pacific. 1900. American Tobacco
is,ias. American Spirits. $40. Chicago
Gas 7.ou. sugar, 0i20. Chicago Great
Western. 1920
The bond market showed o marked al.
mlnufl9l n thc volume of trading. na
compared Nhl recent aNerTfa tho total
falling snou of l2o0Oo The speculation
also iaNhel fhH aggressive strength. huf