The morning news., 1897-05-04

Gas stocks-savannah Gas Light stock.
z bid 2S1s asked; Electric Light and
rover company, - bid, 6S asked.
Bank Stocks, Etc.-Citizens Bank. 100
bid, - asked; Chatham Bank. As bid 45s,
asked; Germania Bank. los bid lU9 asked /:
Merchants National Bank. SelL
bid. S7ls asked National Bank
OF savannah, 12415 bid 1851
asked; Oglethorpe Savings and Trust
Co, lOS bid, lO5 asked Southern Bank
of the State of Georgia. 1853 bid, l6O asked /.
savannah Bank and Trust Company, 10l
bld, Nlsi asked; Chatham Real Estate and
Improvement Company. A. "a bid 54Ib
asked; b, 52A bid, SO asked; PEOPLES Saw
ings and Loan Company, 81 bid, 92 asked
FACTORY Bonds-Augusta Factory 6s. 1Ol
bid, 1O2 asked; Enterprise Factory IS, 1902
bid, lOS asked; Eagle and Phenix Manu-
tacturlng Company, 6 per cent. bonds 40
bid, so asked; Sibley Manufacturing Conn
pany 6s, 101 bid. 102 asked.
factory Stocks-Savannah Cotton Fac
tory, % bid, So asked; Augusta Factory. 80
bid, 81 asked; Granitevile Factory, las bid.
Isl asked; Langley Factory 104 bid. 1851
asked; Enterprise Factory common. 9S
bid, SO asked; ]. R. King Manufacturing
company, l04 bid, 105 asked; Sibley Manu-
featuring Company rs bid, rs asked; Sa-
Vannah Brewing Company, - bid, IS ask.
ed.
New York, May 3.-Money on call was
easy al l12q2 per cent, the last loan was
at per cent, and closed, Offering at 11bD
per cent. Prime mercantile paper. Si5d4
per cent. Sterling exchange steady. with
actual business in bankers bills at S4. .S7il@
4SS1s for demand, at $486A6D4 S61b for six
~ days. Posted rates, 81. S7d4. .SS1h. CONNER
clal bills. 4.S5ls. Silver certificates. 6lAc.
Bar silver, Gle. Government bonds weak
State bonds dull. Railroad bonds firm.
New York, May 3.-There was a greatly
improved tone to the dealings in stocks
to-day, and values held appreciably firm
er The volume of trading also increased
somewhat, but it is still extraordinarily
small. This reflects the increased conf
dence Of the stock market concerning the
shipments of gold to Europe Fears on
this score have partly abated. The fact
that new engagements for export were
made to-day with actual business being
done in demand sterling for $4S7A to the
pound, confers the belief that the gold
movement is not the result of a natural
result of the settlement of trade balances
put or special demand for gold involv-
ing the payment of a premium for il. The
closest estimate that can be made shows
the profit on gold shipments to cease when
demand sterling falls to &SS. The fact
that premium must be paid for the pres
ent gold shipments is coming to cause the
operation to be regarded as a business
operation, profitable to the country and
as healthy indication of the abundant
supply of gold in the country. marking 1t
as the best source of supply for a special
demand, such as that of Austria at pres
ent, with Russia and Japan also strongly
attracting gold, all of this demand being
Tor currency conversion purpose. AL
though the United States treasury has
supplied nearly all of the stock of gold for
the present movement, the movement Of
gold into the treasury continues at ap-
paTently the same rate as for some tine
past. Inc current government receipts
afso, are in excess of expenditures be-
cause of the heavy importations of dutia-
Bile merchandise to anticipate the new
tariff bill. While these importations serve
to make the exchange situation more adj
verse, their benefit 10 the United States
treasury and the consequent safeguard TO
the currency is viewed as a compensation,
IN part at least. The fact that the price
of gold bars and American eagles was re-
duced in London and that the Paris rates
FOR sterling exchange rose slightly. have
also given rise TO a belief that there may
be only a small shipment of gold. or none
at all, by next Saturdays steamer The
brighter aspect of affairs on the London
exchange was also a favorable factor in
to-day's market, gains ranging from "A
ferred, and Louisville and Nashville. New
Jersey Central, Sugar, Tobacco, ConsoH-
dated Gas, and Brooklyn Union Gas The
gain in the Changers averaged q and frac-
ional gains were general all through the
list, the railways closing at near the top
prices. The bears attacked special stocks
in an effort to stem the Improvement and
worked the lines successfully in the Gould
stocks The total sales of stocks amount
ed to 1O6,6lS shares. including American
Sugar Refining, 2420; Chicago Gas Trust
receipts, 1900; Manhattan consolidated,
5000; st, Paul 600; Tennessee Coal and
Iron, 5,400; Western Union Telegraph,
1900. The bond market displayed increas-
ed activity and there was material
broadening to the dealings. A number Of
the usually inactive shares participated in
the speculation. The changes lacked con-
sequence, but decidedly firm tone was ap-
parent. The aggregate of the sale was
Sl05OOO0- Governments were pressed for
sale and showed concessions OF a slight
fraction in the more active issues Tho
sales We're $4,000.