The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-05-07

Railroad StOcks-Augusta and SaVan-
nah, 81 bid, 90 asked; Southwestern, 9l12
bid. s2l5 asked; Atlanta and West Point
stock, lc4 bid. 1912 asked; Atlanta and
West Point per cent. certificates. JOB bid
104 asked; Georsil common. ll2 bid. lS'
asked Savannah Construction Company
Go bid, SO asked
Gas Stocks-Savannah Gas Light stock,
eOlL bid 2lIb asked; Electric Light and
Power Company. 72l2 bid, 74l2 asked.
Bank Stocks, Etc.-Ciuzens Bank. 100
hid l1O asked: Chatham Bank. &c bid. 47ls
asked; Germania Bank, 100 bid, 10 asked;
National Bank of savannah, 125 bid, 12e
asked Merchants National Bank, 81 bid
SAL asked; Oglethorpe Savings and Trust
Company, JOS bid. 1O6 asked; Southern
Bank of the State of Georgia, $50 bid, 1875
asked: Savannah Bank and Trust Compa-
nv. 1919 bid, 1929 asked; Chatham Real
Estate and Improvement Company, A, "a
bid. 55A asked; 3, 1914 bid, 54l4 asked; Peo-
pies Savings and Loan Company "a bid
95Ia asked.
Factory Bonds-Augusta Factory 10l
bid. 102 asked; Eagle and Phoenix Manu-
featuring Company, 5 per cent. bonds, IS
bid. 40 asked; Sibley Manufacturing Com
pany, 6s 100 bid, 102 asked.
Factory Stocks-Augusta Factory, So
bid 70 asked; Graniteville Factory, 145
bid, ISL asked; Langley Factory, l0l bid,
1O4 asked; Enterprise Factory, common,
az bid s6 asked; J. r. King Manufactur-
ing Company, 14 bid. 105 asked Sibley
Manufacturing Company. 70 bid, rs asked;
Savannah Brewing Company, 80 bid, %
asked
New York. May g. p. m.-Money on call
was firm at g2G22l per cent; the last loan
was at 20 per cent. Prime mercantile
paper, Sal per cent, Sterling exchange
steady with actual business in bankers
bills at S4Sig4.S41A for demand and at
S4S0&64S1 for GO days. Posted rates
s4Sl15m4S2 and $4S5d4S512 Commercial
bills $4.sOQ4s0h. Silver certificates, $50
56&4c. Bar silver, soc. Mexican dollars
45c. Government bonds were strong
State bonds were duh Railroad bonds
were irregular
New York, May 6.-The Evening Posts
London financial cablegram says "The
stock markets here were quiet and duh to-
day Consols were lower on the temporarily
dearer money due to preparations for the
indemnity payment by China tomorrow,
and in consequence of which
the market had to borrow about f3,000900
from the Bank of England. Americans
were good and were bought speculatvely.
They closed steady. The announcement is
made Of a Is 100000 Greek loan, guaranteed
by England, France and Russia. l heard a
rumor late, this evening that the loan to
the Transvaal government had been def
ntelY arranged. The Spanish gold premium
is IA per cent"
New York, May 6-There were striking
elements of strength in to-days stock
market. Notwithstanding the fact that
most of the days changes are on the side
of losses.
The bu, sentiment had several severe
drawbacks to contend with and selling
pressure on the market, was at times
very heavy. Again and again the buying
demand was sufficient to overcome all OBJ
stacles and to absorb all offerings, carry
ing prices upward on a large volume OF
business.
1t was not until the final hour that the
market finally succumbed to the burden
of liquidation and yielded practically all
earlier gains and established losses, rang
ing up to per cent. in some of the
speciaties.
Stocks were heavy in London before the
opening here, in sympathy with general
depression in that market. The resump-
ton of the gold import movement has
been cited as a bull argument but the
Withdrawals of gold from London and Eu-
rope have resulted in a renewal of string
ent money conditions there. This in turn
has weakened the speculative market and
has Induced large selling of Americans,
because of the good market for them ex-
purpose of relieving the demand for ex-
change. The indications were that the
New York market would have success
fully absorbed these offerings had it not
been for the development of the Lafay-
cite episode, which caused some timidity
amongst buyers
The bond market showed the effect of
selling for London account in some of the
speculative issues, as did the stock market.
Otherwise the tone was strong and prices
generally are higher
Total sales amounted TO $2450,000 United
States news As, registered, and the old
As coupon, advanced Y and the new As,
coupon, 4 per cent. in the bid price.
The total sales of stocks were 400, 800
shares, including Atchson preferred, H.
391; Baltimore and Ohio, $3.50; Canada
Southern, $50; Chicago, Burlington and
Quincy, 2t.227; Louisville and Nashville.
1850; Manhattan, 17,475; Metropolitan
Street Railway, $3.50; Reading first pre-
ferred, 1886; Missouri Pacific, 1860; New
York Central, 1850; Northern Pacific. g.
40S; Northern Pacific preferred, 1928:
Reading, 1870; Rock Island, 1929; ST.
Paul, 40650; Union Pacific preferred as
145; American Tobacco, 1852; Chicago,
Great Western. 12,72O Peoples Gas. 6,7s5;
Sugar, 55SS1.
New York Closing Stocks.
80. OIL