The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-23
THE MORNING NEWS: SUNDAY, MAY % 1897.

155 bid 100 asked; Southwestern. 81 bid.
9li5 asked; Atlanta and West Point rail-
road stock, IS bid. 80 asked; Atlanta and
West Point per cent. certificates. %
bid, 100 asked; Savannah Construction
Company, eS bid. 20 asked. ex-div.
Gas Stocks-Savannah Gas Light stock
2l15 bid, 2215 asked; Electric Light and
Power Company, - bid. IS asked.
Bank Stocks, Etc.--Citizeus Bank lO9Ik
bid. 1l0la asked; Chatham Bank, IS bid. 46
asked; Germania Bank. los bid. 100 asked:
Merchants National Bank. ssh
bid S71h asked: National Bank
of Savannah. lbs bid. asked;
Oglethorpe Savings and Trust
Co. 1903 bid, 100 asked; Southern Bank
of the State CT Georgia, 155 bid, 159 asked;
Savannah Bank and Trust Company, 1Ol
bid 102 asked; Chatham Real Estate and
improvement Company, a, 54is bid, 55IS
asked; z. SPA bid, So asked; Peoples Saw
ings and Loan Company, e1i2 bid, 9215
asked.
Factory Bonds-Augusta Factory IS, 101
bid, 102 asked; Enterprise Factory IS, 100
bid, 101 asked; Eagle and Phenix 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, % asked; Augusta Factory. so
bid, 50 asked; Graniteville Factory, 145 bid,
Isl asked; Langley Factory, 104 bid 1851
asked; Enterprise Factory common, SO
bid, SO asked; ]. r. King Manufacturing
Company, 104 bid, los asked; Sibley Manu-
| featuring Company, 20 bid, rs asked: Sa-
vannah Brewing Company. - bid. IS ask
ed.
New York, May 22.-Money on call easy
at 1A@11s per cent. Prime mercantile pa
per, 1904 per cent Sterling exchange
steady with actual business in bankers
bills at $4.S7AQ4.S7l6 for demand and at
$4S6A for sixty days Posted rates. S4S7
and A.SSd4.S ssh, Commercial bills, 81. ssh
Bar silver, 64l4c. Mexican dollars Also
State bonds dull. Railroad bonds firm.
Government bonds steady; new As, regu-
lar, 1221g0l23; coupons, 1924.
New York, May 22.-The weekly bank
statement shows the following changes:
Reserve. increase, 81 sos, 450; loans, de-
creases, 1898 800; specie, increase, $163, 300
legal tenders, increase, 81, 1924 800; deposits,
decreases, $S1, 400; circulation, decreases,
| $7S,SOO The banks now hold $45, $50 in
| excess Of the requirements of the 25 per
cent. rule.
New York, May 29.-The Evening Posts
London financial cablegram says: The
stock markets here were quiet, but firm.
The mining settlement will begin on Mon
day. The backward loans on leading
shares are already arranged"
New York, May 22.--The condition in to-
days stock market were not essentially
different from those prevailing for sew
eral days past. There was a marked un>
dercurrent of strength through the whole
list and the tendency of prices were un.
interruptedly upward, with the exception
Of the coalers, but this failed to incite
any outside participation in the market,
and the dealings were small and most of
! them in a few active stocks The mar
ket wholly lacked breadth, many stocks
| in the usually active list having not a.
single transaction to their credit Sugar
also continued to be neglected, the deal
ings in the stock being quite ostenta-
| tiously curtaied Traders seem to have
made up their minds not to see any cause
for alarm in the Cuban question, and dis
! regarded the news on the subject In a
manner that offers a strong contrast to
their views on former occasions. They
also attach large degree Of Importance
| to rumor circulated in very explicit
form that the supreme court will hand
down a decision on Monday next in the
| so-called Nebraska maximum freight rate
| and interstate commerce cases, and that
/ the decision in the former case would be
In favor of the railroads. This case is
/ OF Importance to the Changers and the
! pellet that the decision will be in their
faVor materially strengthened the group
| and made it the leader of the advance.
! The buoyancy of the general speculation
! on the London Stock Exchange also i'm
| parted confidence to the local market
| The announcement of an additional ship
Hent OF gold Tor next Tuesday of $500. 900
was without marked effect on the mar
| ket, and the statement of a decrease of
! S232,OT5 In the gross earnings Of Northwest
! for April, did not affect the strength in
the Granger group. Chicago Gas con-
tinues to receive inside support, and tend
ed upwards The Gould shares reacted
somewhat from the strength Of yesterday
Manhattan and Western Union selling off
a sharp fraction in the reaction. and fail
Ing of subsequent recovery. Many stocks
1alled to complete recovery to the high
point, and last prices were generally a.
small fraction below that with net gains
on the day. The extreme decline in New,
Jersey Central was 2B and in Delaware
and Hudson q. Leather preferred rose
rs, with slight reaction. The charac>
teristic feature of the week has been the
underlying strength on the face of the I'M
/ mitigated dizziness. The DEVELOPMENTS on
the Cuban questions were apparently not
! as fearful as traders had supposed last
night, and when President McKinIey's
message was presented TO congress on
! Monday II had the effect rather OF
/ strengthening the market Government
/ bonds displayed some little Irregularities
but the variations were extremely mar
row and trading was very light me
total sales of stocks to-day were 54.514
shares including New York Central, Ia
900.
Closing Stocks.
! AtchisOn ....... 1OiLf N V 4. NJ II or