The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-12

ass; commercial bills. s.. S515d4 $50; silver
certificates. 605xQ6le; bar silver. 6OSsc;
Mexieans dollars. 479se; government bonds
weak; state bonds were dull; railroad
bonds were firm Petroleum, Pennsylva-
MIA crude steady; June S5c bid.
New York, May 1.-THE Evening Posts
London financial cablegram says; The
stock markets here continued generally
good to-day, with wide fluctuations. how
ever. The settlement shows small ac
count everywhere, except on home rails.
Contagoes on Americans are 215 per cent.
and money is generally easier. The two
main markets to-day were Americans ana
mine, and in both cases, although a re-
action is looked for, the movement is on
the whole believed in. Kaftirs closed un-
der the best, but Americans finished at
the top, Norfolk and Western being spe-
cially favored The Japanese 5 per cent.
sterling loan of f3,5O0,000 to 100000 is ex-
pected daily; the issue price is not known.
The market feature at the moment is
easy money. good deal. however. de-
ponds on whether the new Japan loan
means extensive gold Withdrawals. As
to this nothing is known. The Paris and
Berlin markets were firm. The London
county council is issuing a 100000 loan in
short date bills. This was announced az
ter business hours, and is interesting, be-
cause it makes a new procedure, and with
other new loans may tend to harden the
money market"
New York. May 11.-To-day's market for
stocks continued to be strong and prices
to advance all around, as long as the
London exchange was in session to inn
part its buoyant influence to the local
market. The dealings showed some ami
nation and increased volume. and the rise
in prices was easy and uninterrupted.
But the spirit of pessim.sm prevailed too
strong to outlast very long the adjourn
ment of the London Exchange even with
London continuing to buy quite heavily
in this market, after the close of its ok
change. The price of Americans in Lon
don have halted somewhat uD to this
time in spite of the general Improvement
IN that market, growing out of the sub
sidence of alarm over the war in the east,
because London waited for New York to
give the cue for an advance. To-day
however the general tone in London was
so strong and the improvement so gen
eral that it extended to the Americans
without waiting for New York's initiative
The cessation of the days trading in
London was followed by the announce
ment here of $50O.0O0 gold shipment on
Thursday, and this was followed by a
vague rumor that shipments for the week
| would probably reach a total of 100000
| Although gold shipments have been ex-
pected and confidently predicted for this
week. the bulls lost heart in face of the
| actual announcement, and the whole mar
ket sold off. with no subsequent recur-
renee of decisive strength AS a matter
| OF fact, exchange rates eased preceptlbly
with the offering of bills against the gold
| shipment, and the large purchases of Sc
| curities by London here, estimated at 15,-
| 600 shares of stocks and some large blocks
| of railway bonds
| The Improvement in the price of the
Kaffirs in London to-day is another fac
| tor to be considered in the exchange sit
a. he bna IA ff.v, n
| holdings of these securities on the London
market is the reputed cause of the Paris
| demand on London for gold and indirect
~. OF the shipments of gold from New
York to Paris. These elements in the sit
uation make the volume of gold to he
shipped from here this week still more
problemaucal, with a growing likelihood
that they will be less, rather than more
than was anticipated. But these consid-
erations did not allay the apprehensions
of the traders, and they allowed prices to
decline. As consequence, net changes
for the day are generally very narrow.
but as a general rule, all of the early
gain is more than lost with resulting net
| losses of fraction, the volume of the
| dealings greatly diminishing on the de-
| cline. Chicago Gas, ST. Paul, Burlington
| and Western Union were the most active
| stocks, in the order named. The net losses
in the Coalers were wider than elsewhere,
/
trail Foreign buying was responsible for
advances of 29s in Norfolk and Western
preferred, and ~ in Norfolk and Western
| common, and in Oregon preferred two us
ually inactive stocks. The total sales of
stocks for the day amounted to 1862
shares, including American Sugar. 1000;
Burlington and Quincy, 1920; Chicago
Gas, 26,7OO; Louisville and Nashville, $500;
Manhattan consolidated, 900; Reading,
6,l00; Rock Island, $500; st. Paul. 1880;
Western Union Telegraph Company, II 800
The bond market displayed stiffness gen
orally, on moderate transactions, with re-
newed foreign buying the feature The
sales We're $,194000. Government bonds
displayed reactonary tendency, and
sagged slightly on sales of $S9, 900.
Closing Stocks.
Atchison ........ 10AlOregon Nav. 10
Adams Ex.......151 10. S. L. & U. N. 16
Alton. T. H.. go Pacific Mail 277s
american Ex...ll3 p, d. & En-. "A
- q 49,. He Pittsburg .......159
Can. Pacific -. 544 Pullman Palace 1877
Can. Southern. 46& Reading . 1S2,
central Pac..... TAR. G. West.... 12l5
Ches. & Ohio. 1874 do do pref 49,. 70
Chi. Alton lis Rock Island 63iL
chi, y. q O.. HlRlSt. Paul ANN. 74A
Chicago Gas e. S27s do pref 1871
Consol. Gas ....1627s st. Paul & o.. 5s15
c. &. c. & st. L. 2S1si do do pref 13s
Col, G. & L.. *, Southern Pac. *
Cot. Oil Cert 11IblS Sugar Ref 115fk