The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-19
TELEGRAPHIC MARKETS.
LContinned from NInth 80

southern railway 5s. s. bid, IS asked
Georgia and Alabama first preferred -,
l02la bid, 104 asked; Georgia and Alabama
nrst eonsols. so bid. 81 asked.
Railroad Stocks-AugUsta and Savan-
nah 80 bid, 93ia asked; Georgia common,
l55 bid lG0 asked; Southwestern 9lik bid,
92l5 asked; Atlanta and West Point rail
road stock, IS bid, 80 asked; Atlanta and
West Point per cent. certificates 80
bid. 100 asked: savannah Construction
Company. IS bid, 20 asked, ex-div.
Gas Stocks-Savannah Gas Light stock,
oN5 bid. 2ll5 asked; Electric Light and
Power Company - bid, Ga asked.
Bank Stocks. Etc.-Cidzens Bank, 100
bid. l10 asked. Chatham Bank, IS bid. sc
asked; Germania Bank, los bid, 100 asked;
Merchants National Bank, S6]5
bid. S7ia asked; National Bank
of Savannah 125 bid, asked
Oclethorpe Savings and Trust
Co. 1903 bid 100 asked; Southern Bank
OF the State of Georgia 100 bid, 159 asked :;
Savannah Bank and Trust Company, lOl
bid, l02 asked; Chatham Real Estate and
Improvement Company, \, 54Ja bid, 80
asked. T. 524 bid So asked: Peoples Saw
ings and Loan Company, 81 bid, 80 asked.
Factory Bonds-AuEusta Factory Gs 10l
bid, 102 asked. Enterprise Factory Gs 100
bid. l0l asked; Eagle and PheuiX Manu-
featuring Company, 6 per cent bonds, 40
hid, AZ asked; Sbley Manufacturing Com
pany 6s, 101 bid. l02 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid % asked; Augusta Factory 80
bid, 50 asked; Graniteville Factory, 145 bid
15l asked; Langley Factory, 10i bid, 1854
asked; Enterprise Factory common, SO
bid. 96 asked. J. r. King Manufacturing
Company, 10l bid, 100 asked; Sibley Manu-
featuring Company, 20 bid. 76 asked: Sa-
vannah Brewing Company. - bid, So ask
ed.
New York. May 1s.-Money on call was
easy al 1it0lla per cent; the last loan was
al IL per cent. closed 1AM1R per cent;
prime mercantile paper, 3l504 per cent;
sterling exchange easy with actual bust
ness in bankers bills. at A.@I4 for de-
mand, and at 81. S604 1914 for sixty days;
posted rates, SfT and 81 ssh CONNER
cial bills. 4S5Af4S51a. Silver certificates
6li2c. Bar silver 60iac. Mexican dollars,
473sc. Government bonds steady; state
bonds were dull; railroad bonds were firm.
New York May 1S-The Evening Posts
London cablegram says: The stock
market opened rather dull to-day but
quickly recovered on the reported cessa-
ton of hostiities by Turkey. Immediate.
~ the inherent strength Of the markets
asserted itself in a general rise, which
was fully maintained to the close. The
Japanese loan of f4,300,0O0 is expected on
Friday or Tuesday. 1t is virtually a cur
rency loan brought out on a fixed ex-
change basis. thus insuring a return 20
the investor Of a fraction under 5 per cent.
The Japanese government is believed TO
have already borrowed from their own
bankers on these bonds In well informed
quarters, it Is estimated that a considera-
bic amount more of gold will go to Japan
by October The London discount mar
ket was weak to-day on the easy allot-
ment OF the London county council bills
Thus the artihciaity of the advance of
the money rate yesterday, is demonstrat-
ed. The Paris and Berlin markets were
firm.
New York, May 1S-The tremendous po-
tentiality for evil ways latent in the east
ern question was assured to some degree
by the sense of relief reflected in the ex-
charges of the world to-day over Tur-
keys acceding TO the terms of the powers
for cessation of hostilities against
Greece Values all over Europe improved
from moment to moment and even Amer
lean securities as are the properties they
represent from any danger of harm In the
cataclysm of an European war. advanced
IN price all through the market. The i'm
proved tone abroad was the salient
influence on the market, but it was
aided by various favorable domestic fac
tors. Further awakening in the exchange
market, both for sterling and continental
exchange, added to the conviction that il
any gold is exported this week the amount
viii be small. There was in the tone of
the stock market a reflected Indifference
10 the possibility of action by the Senate
on the cuban question that might be UNI
acceptable TO Spain. This was partly due
70 the belief prevalent i'm Wall street that
the administration has determined upon a
conservative policy on Cuba but holders
OF securities are also less inclined to tim
idlty on account Of the agitation of the
Cuban question than was formerly the
case. Perhaps the restricted volume of
in NJ 10 ~.
discussion in the Senate. the total sales
reaching only about 1876. 900 shares. AL
though about half this amount was alb
sorbed in the five leading sales. the sales
were better distributed through the list
than Tor some time past, many usually
inactive stocks coming in for fair degree
OF activity. Chicago Gas was the leader
OF the market and was strong All dav
hnul just before the close, when il react
81 sharp fraction. St Paul and Burllug-
ton came next in pointsof activity and
moved nearly parallel all day. showing
very vigorous strength. St. Paul, how
ever showed a slight decrease just az the
ciose. The strength in the Changers was
material factor in the strength of the
whole market and was assisted bv the
gram situation in the northwest and the
increase ~ 81 Pdufs gross earnings for
the second week IN May. Of S149iS.
Inc southern and Southwestern rail-
AN@N9 also continued their showing of in
creased earnings in the second weeks
statement Missouri, Kansas. and Texas
with an increase of $29.4S0. and Kansas
CITY, Pittsburg and Gulf of S29.695. Lon
con was a small buyer Of stocks. but was
also seller, and how far the one offset
dhe other cannot be accurately stated
Iobaeco moved up 19s at the close. under
manipulation. st. Louis and San Francis
GO hrst preferred advanced 3ss ana Nor
lolk ana Western preferred IL. Union pa
enc and Weetern Union gained a polnt
ttch' ana Leather preferred IL. Frac-
uondl net gains were made through the
ehure iist The market closed strong and
generally at the best prices.
Inc total sales Of stocks for the d,,,
amounted to l&.4l3 shares. incIuding
american Sugar ll.10O: Burlington, * io6,
Chlcago Gas 1900: St. Paul. 1850. West,
ern Union, 5000; Jersey Central "a 600
me bond market ruled fairly active with
eehefally higher prices current: some feN,
exceptions were noted. but these were cen.
tered IN low grade inactive liens The a~-
siesate sales were Sl.36iO0 Goyernmenfs
N'ie easier on the first cali for the new
- OUT later hardened slightly. The trans.
hcuons aggregated $1,000
Closing Stocks
Aichison ........ l0Ml Ont. & West 12s
q IT,