The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-04-29
THE MORNING NEWS: WEDNESDAY, APRIL q, lsgz

Improvement Company, A, 81 bid, 54l1
asked; B, 52A bid, SO asked; Peoples Saw
ings and Loan Company. 81 bid, 90 asked
Factory Bonds-Augusta Factory IS, l0i
bid, l02 asked; Enterprise Factory IS. 102
bid. l0S asked; Eagle and Phenix Manu-
featuring Company. 6 per cent bonds, 40
bid. 80 asked; Sipley Manufacturing Com
pany SIS, 10l bid. lO2 asked.
Factory Stocks-Savannah Cotton Fac
tory, % bid, So asked; Augusta Factory. 50
bid, 81 asked; Granitevile Factory, 145 bid
Isl asked: Langley Factory, 104 bid. 1854
asked; Enterprise Factory common, IS
bid, 80 asked; ]. R. King Manufacturing
Company, l0a bid. 10S asked Sbley Manu-
featuring Company rs bid. rs asked; Sa-
vannah Brewing Company, - bid, IS ask
ed.
New York, April 2S.-Money on call was
easy at 1l4Qlla per cent, the last loan was
at IA per cent, and closed at 1Ld1I2 por
cent Prime mercantile paper, 31aq4 per
cent. Sterling exchange weak, with act
ual business in bankers bills at $4S7tsGr
4,SEA for demand, and $4.S6d4S614 for
sixty days. Posted rates, $4.S71R94Sq;
commercial bills, s4S515 Silver certifi-
Gates, 6lAq62Ac. Bar silver, e1ssc. Gov
eminent bonds were firm. State bonds
were duh Railroad bonds firm.
New York. April 2S-The market for
stocks was lacking in animation to-day
q
dizziness, although evidences of frmness
and strength was not lacking, and the
small decline was due rather to the sym
pathetic effect of manipulation by bears
OF special stocks than anything in the gen.
eral situation, Perhaps the dullness was
I IN some part due to the Inauguration of
the gold export movement, to-day general
ly admitted to be due to nominal causes
growing out of our trade situation. There
was little apprehension aroused in Wall
street, however, by the news that 81 500 900
in gold coin had been withdrawn from the
sub-treasury for export to Europe. For
one thing, it is felt that the present pc
Rod of excessive imports of merchan dise
which is now throwing the exchange stu
alton against us, will necessarily be lin
tied by the enactment into law of the new
customs tariff. The return of the gold
that may go out now is, therefore, conf
IDENTIFY expected with the normal mer-
chandise movement later. Further, 1t is
believed, that besides the large treasury
gold reserve a portion of the large gold
reserve of New York banks would be
forthcoming for export purposes rather
than that they should have their stock
of legal tenders depleted. The extent OF
the demand here growing out of the de-
mand in Japan and Austria, on London.
is somewhat problametical But no appre-
henson is manifest in Wall street that
plete the treasury reserve to point that
would give ground for apprehension re-
garding the currency. The market for
Americans in London was weak this morn
ing. in face of an advancing tendency for
consols, and the New York market took
its opening tone from London. But, after
the opening loss the general market adj
vanced to a point and a fraction higher
than Mondays close. The bears then
sought successfully to stem the advance
by attacks on individual stocks. Sugar
was a strong force in the market
The total sales of stock for the day was
130,915 shares including American Sugar
Refining 80, 100; Burlington and Quincy
1880; Chicago Gas, 1890; St. Paul, 1890;
New Jersey Central. $500. Trading in the
bond market was marked by a renewal of
strength and activity in the Texas and Pa
cific issues, whice rose rs and IA per cent.
respectively. The general market lacked
feature, but ruled generally higher The
aggregate sales were 1856, 000 Governments
were neglected, but were steady al Mon
days closing prices. The sales were ST. 600.