The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-28
THE MORNING NEWS: WEDNESDAY, JULY Is, 1897.

Factory Bonds-Augusta Factory 6s, 101
bid, 1902 asked Enterprise Factory 6s, 100
bid, 10l asked; Eagle and Phenix Manu-
featuring Company, per cent. bonds, 40
bid, AZ asked S;bley Manufacturing Com
pany IS, l01 bid, I09 asked.
Factory Stocks-Savannah Cotton Fac
tory bid, 20 asked; Augusta Factory,
50 bid, 50 asked; Graniteviile Factory, las
bid ISL asked; Langley Factory, 104 bid,
1854 asked; Enterprise Factory, common,
So bid Sc asked ]. R. King Manufacturing
Company, 104 bid, 1O5 asked; Sibley Manu-
featuring Company, 20 bid, 76 asked; Sa-
Vannah Brewing Company. - bid. So asked.
New York. July H.--Money on call was
dull at l per cent; the last loan was at
per cent, and closed at per cent. Prime
mercantile paper. 3d4 per cent. Sterling
exchange, strong. with actual business in
bankers bills at $4S714d4 S715 for bankers
bills and &.SS1a for sixty days; posted rates
&S744.S1a and 4.S864SSla Commercial
bills, AS5k Bar silver, 5S14c. Mexican
dollars, 45s4c. Government bonds were
strong; state bonds We're dull; railroad
bonds were firm.
New York, July 27.-The Evening Post
London financial cablegram SAYS: Set
Element closes apparently small account
and rates are generally light contangoes
over American being only 21a per cent
Business, however, is decidedly increasing
generally, and that. Notwithstanding the
attractions at Goodwood and the approach
of holidays on Saturday and Monday
The feature to-day was a sharp rise in
mines on the result of discussion in par
lament last night on South Africa. Amer
leans opened fiat at nearly
half dollar under New
York prices, but the tone quickly
changed on the resumption of New York
support and the talk is general now of a
further rise in the next three months
Prices closed a half point under the best
Other markets were all strong. good
amount of American bills have been offer
ed here lately and mostly in three months
bills. These are said to be exceptional
and drawn against recent neavy exports
OF wool from here to avoid the new tariff.
| also hear that a large amount of for
warded business has been done in bills
against cotton 10 be delivered here in Oc-
tober, expiring in January. These have
been done at per cent. Paris and Ber-
lin markets were quietly firm to-day"
New York, July 27.-The Anthracite
coal shares advanced considerably on buy
ing by interests always identified in the
movements of The coal stock. Otherwise
the market sustained slight losses and
closed steady. London purchased some
1900 shares while the bulk of the trading
for the home account was small. While
the carrying rates in London indicated a
scarcity of stocks there to-day's trading
showed that-Fecent sales from that quar-
ter had been chiefly to take profits and
that there had not been much short selling
there. Local spectators liQuidated con-
siderably to-day, but commission houses
purchases about equalized such sales,
rendering the market extremely irregular.
The liquidation in Industrials rather I'M
settled the list. The git edged securities
declined considerably. Professional trad
ers hammered the Changers the pool
buying subsequently, caused a practically
complete rally. Although the days ad-
vances reflected a good condition of all
the crops, the bears argued that the
weather was unlavorable for growing
corn.
A large portion of the day was due to
the uncovering Of stop loss orders. This
was notably so in Sugar. which broke
sharply AZ per cent. from the opening to
1852, and closed with net loss of 25s per
cent, the stock showing no evidence of
it's recent aggressive support. Changes in
the usually neglected stocks were quite
violent, Chicago and Alton rising to Isl
against $50 on the last transaction. Amer
lean District Telegraph. on the other hand,
reacted to q against the previous quota
ton recorded some time ago of 80. The
pronounced strength of wheat and exceed
ing weakness of silver were incidents of
the day.
ne loldl SUES OF STOCKS To-Day were
1893 $50 shares, including Atchison prefer
red, 12,359; Burlington 24,417; Louisville
and Nashville, 1850; New York Susque-
hanna and Western preferred. 5000; Jer-
sey Central, 7164; Northern Pacific pre-
ferred, 5,3OS; Reading, 1851; Rock Island,
% $40; st. Paul, 81 ,3l2; Union Pacific g.
25O; Tobacco, 4Ol2; Chicago Gas. 1880;
Sugars. $3.50; Chicago Great Western,
$500.
The bond market displayed a generally
good tone, although some light recessions
were made in a few of the leading issues.
The inquiry for middle grade liens was
quite pronounced with some mortgages
being benefited by special consideration.
The aggregate sales were 81 100000 Gov
eminent bonds We're in demand with the
new As coupons rising TO 126l2, the best
price ever quoted. The transactions were
So, 900.