The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-04
pons, 1924 bid. 1Os9l asked. Charleston As,
al hid a asked

" IgdIE UOTUa,
per cent interest coupons. ll2la bid, -
asked; Savannah, Florida and Western
first mortgage. 5 per cent gold bonds, due
1884 l0512 bid, l06 asked Cen
ira. Railroad and Banking Com
pany cola teral gold IS, 81 bid 80 asked;
Central Of Georgia railway first mortgage
IS, 5O-year gold bonds, 49, bid l141s asked:
Central of Georgia railway first CONSOLE
dated mortgage 5s, 80 bid. 81 asked:
Central of Georgia railway first preferred
incomes, 1872 bid S412 asked; Central of
| Georgia railway, second preferred in
of Georgia railway third preferred
incomes, 5 bid asked Geor-
gia railroad 6s, 1910, 107 bid,
| los asked; Charlotte, Columbia and Au-
| gusta first 5s, 10712 bid, - asked Charlotte
Columbia and Augusta second mortgage
| Is, liz bid, 113 asked: Georgia Southern
| and Florida, new IS, 9fi2 bid 951k asked;
| South Georgia and Florida first mortgage
! rs, 1921 bid, 10312 asked; South Georgia and
! Florida second mortgage Is. 102 bid, 10S
asked; Ocean Steamship per cent bonds,
| 1896 100 bid, asked; City and Suburban
railroad first mortgage per cent. bonds
- bid. So asked; Alabama Midland per
cent. indorsed IS bid 80 asked; Brunswick
| and Western IS. 65 bid 10 asked South
! Bound railroad IS, 67ls bid 69la asked
Southern railway IS, SO bid, so asked;
/ Georgia and Alabama first preferred 5s.
103 bid, 104 asked Georgia and Alabama
| first consois rs bid, 3 asked.
| Railroad Stocks--Augusta and Savan-
nah, 9l1a bid, 924 asked, ex-div.;
Georgia s3cg so common taI 1855 bid o 1850
| asked, ex-div.; Atlanta and West Point,
railroad stock, 80 bid. asked; Atlanta
and West Point per cent. certificates. 80
| bid, asked; Savannah Construction
| Company, 50 bid, 20 asked.
Gas Stocks-savannah Gas Light stock.
% bid. % asked Electric Light and
| Power Company, So bid, so asked; ex-div.
| Bank Stocks, Etc.-Citlzens Bank, los bid,
| 109 asked ex-div; Chatham Bank, As bid,
| 4512 asked eX-div. Germania Bank, 1O6
bid, 10S asked ex-div; Merchants Ma
| tional Bank s. bid, 81 asked;
ex-div. National Bank of Savannah,
| 124 bid, 125 asked, ex-div.; Oglethorpe Saw
| ings and trust Company. 1O1 bid, 1902 asked
ex-div.; Southern Bank of the State of
| Georgia. 154 bid, 156 asked, ex-div.; Savan-
nah Bank and Trust Company, So
bid, 100 asked ex-div.; Chatham Real
Estate and Improvement Company, A, "a
| bid, SAB asked; B, So bid, - asked, both ex-
div; Peoples Savings and Loan Company,
911k bid, 921s asked.
Factory Bonds-Augusta Factory IS, 101
| bid 102 asked; Enterprise Factory Is, 100
bid. 1O1 asked; Eagle and Phenix Manu-
| featuring COMPANY, per cent. bonds. 40
| bid AZ asked; Sibley Manufacturing Con-
| pany 6s, 101 bid, 102 asked.
| Factory Stocks-Savannah Cotton Fac
tory, bid, 25 asked; Augusta Factory,
| so bid, So asked; Graniteville Factory, 145
! bid Isl asked; Langley Factory, 104 bid,
| 1854 asked; Enterprise Factory, common,
| SO bid, So asked; ]. r. King Manufacturing
| Company, 104 bid, 105 asked; Sibley Man.
| ufacturing Company, 70 bid, rs asked; Sa-
vannah Brewing Company, - bid, So ask
| ed
New York, July s.-The weekly bank
| cfo farya a1f he all
Reserve, decrease, $7,S54, 275; loans. in
crease, $11,02 300; specie, increase, 500, 400;
| legal tenders, decrease, IS, 978, 400; deposits
| increase, 81, 3S9, 100; circulation, decrease,
| $S9.700. The banks now hold $41, 484,S75 in
excess of the requirements of the % per
| cent rule
| New York July 3.-Dealings were small
| on the Stock Exchange to-day in the ag
| gregate and about one-third of the small
/ total was absorbed by Tobacco, in which
there was heavy selling and notable de-
cline in prices. A half days session of
the Stock Exchange, preceding an interval
| of two days suspension of trading, would
naturally account for the dulness in part.
/ Many dealers and brokers left town yes
| terday and took no part in trading to-day
| at all. The decline in activity to-day,
| however, cannot all be attributed to the
| fact that two days suspension of trading
! Is to follow The heavy liquidation in
1
| Coal and Iron, and the influence of the
| lower prices for American securities i'm
| London affected the tone of the market
| and were added to as far as possible by
| the efforts of the bear contingent. Manip-
| ulaton for the decline and short selling
| were quite palpable and proved effective
| in the narrow and rather neglected mar
ket. Nevertheless there was not lacking
| evidence of a refiux of confidence in the
| general outlook for business improvement.
| These results showed no wide recessions
Notwithstanding the heavy tone of the
market, outside of the two special cases
mentioned and Reading first preferred,
| the latter stock closing a point lower. To-
baceo jagged at one time 3ls points below
| Yesterdays close, and closed at 744, which
| Is a rally Of q. Tennessee Coal and Iron
] fell 29s, and recovered only the fraction OF
! that figure the weakness being due to re-
| parts of labor troubles with the COM
| pany's employees. Brooklyn Rapid Tran
sit was a marked exception 70 the general
weakness and gained IA, closing strong
at the top Rio Grande and Western pre-
ferred, also showed a further advance Of
2 points. The refux of confidence In the
| general outlook for business indicated as
being a factor to-day, has been manifest
during the week. The recognized or
! oans in the iron and steel
| Industry have expressed a
degree of dissatisfaction with the prog
ress making toward improvement in that
business-a business which Wall street
/ habitually looks to as fairly reliable ba-
rometer Of business at large. The strike
| Of coal miners in the bituminous coal dis
| tricts of Pennsylvania, Ohio, West Vir-
| GINA, Indiana and Illinois, has grown In
| impressiveness to the minds of security
| holders. The soft coal industry itself and
/ the railroads which transport it's products
! have been recognized as a drag on general
! Improvement and the prospect Of further
| REORGANIZATION and decentralization In the
! industry Is regarded as a serious draw
/ back to industrials IN the revival. These
| facts came to reinforce the argument az
/ constantly harped upon By the bears dur
/ ing the period Of the present advance la
| stocks. that prices Of securities were out
/ stripping the Improvement IN business. As
/ a result, the week has witnessed the cul-
| minaUon for the time being, at least OF
| the advance In prices Of securities and the
| first clearly defined reaction since the
movement set IN, over a month ago. The
market has, however, retained large de-
gree Of steadiness and even iirmness In
many leading stocks Monday and Tues