The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-18
vannah Brewing Company. - bid. IS ask

vannah Brewing Company, - bid s. ask
New York. May l7-Money on call was
easy at 1l4d1ia per cent; the last loan
was at H. per cent, and closed at Lao =
per cent. Prime mercantile paper 3'2a
per cent. Sterling exchange easier with
actual business in bankers bills az S46f4H
4S79s for demand and $4.S6lsq4S5i4
for sixty days. Posted rates AS'0
4SSG4.SS Commercial bills $4.S5l404&l2
Silver certificates 61ls06lc. Bar silver
611kc Government bonds weak state
bonds weak: railroad bonds were firm.
New York Nav 1.-THE Evening Post
London financial cablesram says: "Tur-
keys heavy demands were a damper on
the stock markets here, which opened
generally lower. But. except for foreign
ers, which closed fiat the tone gradually
improved, and the close was about at the
best Uruguay securities were strong on
the reports that the revolution is over.
Americans opened dun but there was
marked recovery aud the closing was
quiet al the best. Gold receipts from the
Cape are attracting attention, E2l0OW be
ing received at the bank to-day. Copper
was strong on the monthly statistics,
showing a decrease in supplies. To-day's
fractional advance in London discounts
is said to be due to pending new loans,
which are likely to absorb money A
more potent factor a the moment, how
ever is the fact that 5000 600 county coun-
Gil bills are TO be rendered for tO-mOr
row. The market wants TO get them
cheap. and is therefore putting up the
money rate against the issue. The Paris
bourse was irregular and the Berlin mar
kets steady
New York May 1.-THE Presidents
message calling for an appropriation to re-
lieve destitute American citizens in Cuba
proved far less hostile in tone towards
Spain than the dealers in securities had
apparently persuaded themselves that ii
would be and the market strengthened
upon its publication recovering some part
of the loss that ensued upon early inuma-
tons that the message was forthcoming
and its tone toward Spain would be eN
treme.y perverse. With the exception of
a few weak spots in the market, due to
causes peculiar to the stocks affected, the
market was strong all around to-day and
even the limitations from Washington
that early action in the Senate on Cuba
belligerency wah probable, did not weaken
the tone of speculation. The traders have
apparently persuaded themselves that
there is much less danger TO values in ac-
ton by the government in Cuban affairs
than they have felt during the previous
agitation of the subject. The dealings on
the exchange however, still continue al
most wholly professional and exceedingly
restricted in volume and the movements
of prices reflect little more than board room
manueVering for short turns and no very
definite opinion on general conditions. The
renewed uneasiness apparent on the Lon
don exchange over the truculent attitude
of Turkey toward the great powers was
reflected here to some extent at the open
ing, but the weakness was overcome early
in the session. The easier tone of the ex
change market both on London and Paris
was factor in strengthening the market
1t does not escape notice that the flow of
gold into the United States treasury keep
up steadily and that the intervals between
Withdrawals for shipments of the treas
ury's gold reserves tends Immediately to
ward replenlshment The prospects of
large grain crops, which had the effect of
weakening the wheat market. tended the
other way in the market for railway
shares, the Changers especially being in
excellent demand, Notwithstanding the
small eastbound shipments reported and
rumors of rate cutting by western roads
and recrimination on that account, be-
tween the roads. One-third of the trans
actions on the exchange were in Chicago
Gas and Sugar, the former leading the
market in a buying movement which adj
vanced the prices PA on the day. Sugar
was weak early, but scored a net gain of
a fraction on the day. Tobacco was weak
on the Illinois decision denying the legal
ity Of the company, but inside support was
forthcoming, and the loss was mostly re-
covered. Early strength in the coalers.
amounting to a rise of IA in Jersey Cen
trail, was followed by heaviness and the
gains were more than wiped out.
The Gould shares advanced on covering
early but developed weakness later in the
day. Fractional gains were very general
through the list. London sold some stocks
on arbitTage early, but later became a
buyer and estimated bought some 10000
shares more than were sold. The total
sales of stocks for the day amounted 70
137. 1856 shares, including Tobacco $500;
Sugar. 2O,60O; Burlington, 12,l00; Chicago
Gas, 20,7O0; General Electric, 10000; Man
haitian. $500; st. Paul 100; New Jersey
Central, $780,
The bond market displayed little feature
but prices were well held and a firm under
tone was apparent. Fluctuations were
unusually narrow and but little attention
was paid to the prominent issues. The
aggregate sales were S660,000.
Governments ruled heavy and receded
a fraction for some issues. The sales were
$500 State bonds were more prominent
in the speculation and improved generally
on purchases of $1,000.
Closing Stocks.
Atchison ....... l0A Ont. & West -. 1871.
Adams EXPRESS. lt9 Ore. Nav ....-... 10