The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-30

Bank of the State of Georgia. $50 bid, 155
asked Savannah Bank and Trust Com
pany, 100 bid, l01 asked; Chatham Real
Estate and Improvement Company A, So
bid, 5512 asked; b, 81 bid, 55 asked; Peo-
pies Savings and Loan Company, 80 bid,
SO asked.
Factory Bonds-Augusta Factory Is, lO1
bid, 102 asked; Enterprise Factory 6s, 100
bid, 10l asked; Eagle and Phenix Manu-
featuring Company, 6 per cent. bonds, 40
bid, AZ asked; Sibley Manufacturing Com
pany 6s, l01 bid, I02 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, % asked, Augusta Factory,
so bid, SO asked; Granteville Factory, las
bid, ISL asked; Langley Factory, 104 bid,
1854 asked; Enterprise Factory, common,
SO bid SO asked; ]. r. King Manufacturing
Company 14 bid 105 asked; Sibley Manu-
featuring Company, 70 bid, rs asked; Sa-
Vannah Brewing Company. - bid. So asked.
New York July 29-Money on call was
steady at 1 per cent; the last loan was
at per cent, and at the close was offered
at l per cent. Prime mercantile paper
"a per cent. Sterling exchange, easier,
with actual business in bankers bills at
SiSAqAS72s for demand, and $4.S61s0
1865 for sixty days; posted rates. 4SD
1879 and s4SSQ4, ssh. Commercial bills,
S4.S12. Silver certificates, 5SGt59c. Bar sill
yer, 5715c. Mexican dollars, 45lsc Gov
eminent bonds were strong; state bonds.
were dull; railroad bonds were strong.
New York, July 29.-The stock market
was strong, with a generally wholesome
look until delivery hour, when the bears
raided the market on rumors of unfavor-
able crop advices from the Dakotas, and
that gold exports on Saturday would be
81, 100000 causing the close to be a slight
recovery from the lowest, but with the
greater number of shares showing net in
creases for the day. Sustaining influences
on the market were favorable traffic state
ments, rising quotations for wheat and
cotton with the engagement of another
half-million bushels of wheat from out
ports. Americans in London were at
tracing a broadening interest, London
buying and selling some $4,000 shares here.
At the same time the continent, in
moderate degree, purchased Americans in
London. The market was featured by vIo-
lent fluctuations in the specialties and ag-
gressive strength and activity of low-pric-
ed stocks, which hitherto had participated
in only a slight extent in the general
rise South and southwestern groups
were exceptionally strong. Southern pre-
ferred advanced on foreign and domestic
purchases on vague rumors in regard to
dividend prospects, but movement was
probably part of that recently displayed
in other southern securities. On prophe-
cies that series of beariSh interviews
with Sugar people would be published,
Sugar, which had risen to 1897, was fore
ed down to 1877, but rallied a point in the
late trading. 1t was claimed that sales
had been made of duties on graduated
for September shipment, the foreign re-
finers having refused bounties thereon, so
that the American countervailing duty
might be avoided. General Electric ad-
vanced rs, the contracts of the company
placed abroad being favorably commented
upon. Brooklyn Rapid Transit developed
early weakness and receded 215 but rail-
lied point. Susquehanna and Western
preferred broke point and a quarter in
sympathy with the reactionary movement
among the Anthracite Coalers. Delaware
and Hudson also lost point. The Grang-
ers, except Burlington and Omaha, which
held their own, receded fractionally The
June net earnings of Burlington were
over $780, 600 above those of last year, and
the same amount in excess of those last
May. This was interpreted as a most fav-
orable showing. slight rise in silver
and the export of 100000 in gold to Can
ada were of some interest to the street.
There were advances of a point or more
in about nineteen shares, with similar de-
clines in seven others.
The total sales of stocks to-day were
444,390 shares, including Atchison prefer
red 1850; Chesapeake and Ohio, 29,71G;
Louisville and Nashville, II, O10; Missouri
Pacific. 9,505; Reading, 1886; Rock Island,
1905; st. Paul preferred, "a sos; Southern
Railway, 6l0O; do preferred, "A, 465; Wabash
preferred, 11,035; American Tobacco, A.
1852; Chicago Gas, 5lS5; Colorado Fuel and
Iron, 1881; General Electric, 49, 1872; Pa
cihc Mail, 6,420; Sugar, q, $3.50; T. C. l.,
9645; Chicago Great Northern, II $40
The transactions in railway and misceI-
laneous mortgages aggregated the largest
total noted In some years, namely $780,
900. This included an extensive variety
OF ISSUE in which improvements of sub
stantial proportions were general, but the
most noteworthy demand in the middle
grade liens. Purchases for investment
account were frequently noticed and
brisk demand for the low-priced bonds
was recorded by the foreign arbtrage
houses. Governments were in good de-
mand and improved slightly on purchases
of $43, $780,