The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-23
THE MORNING NEWS: THURSDAY. DECEMBER o. 1897

bid 10 asked; sibley Manufacturing Com
pany Is, 1Ol bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory. - bid Is asked Augusta Factory,
~ bid Sc asked; Groniteville Factory, l4o
bid 15l asked; Langley Factory, lO4 bid,
1854 asked; Enterprise Factory, common,
81 bid IS asked; }. r. King Manufacturing
Company. 10f bid. 1O5 asked; Sbley Manu-
featuring Company, 70 bid, 76 asked; Sa-
vannah Brewing Company, S01a bid, 50 ask
ed.
New York, Dec. 22.-Money on call was
stiff al 21ad4 per cent; the last loan was
at per cent, and closed al 212d3 per cent.
Prime mercantile paper 313d4h per cent.
Sterling exchange dull and easy, with act
ual business in bankers bills at $AS4la0
4&3s for demand. and at $4.Sll2d4. Sl3s for
30 days: posted rates, A.S2l2M4S3i2 and
$4SJlaGAS615. Commercial bills, S4.Sl. Sill
yer certificates, 564d5734c; bar silver,
5G7sc; Mexican dollars, 453sc. Government
bonds firm; state bonds dull; railroad
bonds firm.
New York. Dec. 22-The Evening Posts
London financial cablegram says: THE
stock markets here were quiet to-day.
They opened rather dun, but closed firm.
Americans We're good from start to finish,
closing strong at the best. That market
opened with good buying orders from New
York a feature was the demand for
Central Paciffcs. 1t is said the reorgani-
cation scheme will not very adversely ef-
feet the shares The movements of gold
from Australia to San Francisco excites
much interest here"
New York, Dec. 22.-There was nothing
in to-day's stock market to refute the
opinion generally held in Wall street that
speculation in securities will continue dull
untll after the first of the year, and the re-
lease of some of the funds at present lock
ed up IN large financial operations.
Sagging prices are generally the accom-
paniment of such a market but there was
sufficient strength in stocks, due to spe-
cial causes to-day, to act as a sustaining
force on the general list, and net gains are
slight in consequences
Marked features and the centers of
greatest strength were in local traction
companies. The motives for the buying
of these stocks We're the reports of a bus
mess compromise between the Metropoli-
tan and The Third avenue companies and
a Dellet that the chances We're not good
Tor the success Of the underground rapid
transit scheme. Third Avenue was bene-
fted to the extent of six points and Metro
politan Street Railway over two Manhat-
tan rose over 3 points, but lost fraction.
The coalers were also aggressively strong.
and showed gains of between / and 2
points, the Reading issues being especially
prominent. There was vague rumors of
an intended dividend on Reading first pre-
terred stock, which influenced the trad
ing
The Industrials showed NET gains Of o1ite
large fractions. The statements of esti-
mated earnings for the last quarter of the
year OF several of the Vanderbilt roads
We're viewed unfavorably, and acted as
something of drag on the railroad list
IN view of the large business known to
nave been done by these roads. the small
increase in gross earnings and in the case
of Canada Southern, an actual decrease
was taken as an indication. of rates for
trafhc such as promised only an unsatis-
factory return to owners. This was par
tlally offset by the November statement
py the northwestern, which showed an in
crease in earnings of $125. SS7
reports of the adjustment of differences
between Ohio soft coal roads were heard
with satisfaction among the holders of
those railroad securities. Call loans were
mace to-day at rates ranging between 3
ana per cent, and there was a further
decllne IN exchange posted rates for both
London and short sterling, being marked
| uoWn 42, and actual business being done
at decline of 4 for cable transfers of
long sterling, of &c for demand sterling
The price for demand sterling at the time
of the gold import movement last Senten,-
per dld not fall below $.S41A. Money was
cheaper IN Europe and in London at that
ume than now, The tightness in the
money market, it is believed will be only
temporary and the completion of the op-
efatlons connected with the Union Pacific
settlement and the disbursements at the
beginning of the year will give relief
tor TINS reason the weakness of exchange
mas not induced talk of gold imports at
New York. Gold is, however. on the wav
from Australia 10 San Francisco.
Inc pond market was comparatively in
active, especially in some of the favorita
! speculative issues, but prices were well
M Total sales, $1,400,GO0. United
States new IS, coupons. declined 1kc IA
The total sales of stocks TODAY wera
1874 400 shares
New York Closing Stocks.