The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-01

bid. SO asked Graniteville Factory 145 bid
Isl asked Langley Factory, 104 bid 105A
asked; Enterprise Factory, common, SO
bid, Sc asked; ]. r. King Manufacturing
Company, 104 bid, 1O5 asked; Sibley Manu-
featuring Company, 20 bid, rs asked Sa-
Vannah Brewing Company. 80 hid So asked
New York, Jan. 3l.-Money on call was
easy at ll2q2 per cent; the last loan was
at ia per cent Prime mercantile paper
3M4 per cent Sterling exchange steady
with actual business In bankers bills at
4.S45s for demand and at S4,S21s for 60
days. Posted rates. s4.S304. s31h and s4s5Ib
@AS6 Commercial bills, A.8115M4.S2. Sill
-Ner certificates, 5624@5724c. Bar silver.
556'ac Mexican dollars. 4514c. Government
bonds were strong. State bonds We're
dull Railroad bonds were strong.
New York, JaI~Sl.-The Evening Posts
London financial cablegram says: 1.-The
stock markets here were generally quiet
sto-day, but Americans were booming
Prices here for Americans opened above
the parity, and steadily rose, closing
strong. Almost all the best buying, how
ever was professional"
New York, Jan. 31.-To-day's stock mar
ker was more active and broader than at
any time since the present upward move
ment began, but ID was exceedingly uneven
ana some prominent stocks in the list
show net declines The market ignored
thesiheaviness Of some of last weeks spec
were
taken up and pushed aggressively. There
was obvious realizing in New York Cen
tral, Lake Shore, Rock Island and Sugar
the leaders of to-days advance were Ches-
apeake and Ohio, Cleveland Louisville.
pennsylvania and Northern Pacific prefer
red. The first two named were affected
by the published rumors that an amalPa-
nation was in prospect; similar to that
projected for New York Central and Lake
Shore. There was quite a large demand
Tor Chesapeake and Ohio for London ac-
count which was attributable to presence
IN London of prominent authority in
that company. Oregon properties which
are largely under a similar control, shar-
ed to less extent in the strength. North
ern Pacific preferred continued its re-
markabe advance and touched 60 during
the day. Confident assertions that an adj
diton in the dividend was imminent ac-
complished the advance. Louisville con-
tinued 10 enjoy the advantage of the re-
ports to a refunding plan. nearing COM
pletion. The strength of Pennsylvania
was said to be due to the operation of a
pool which are based on the assumption
that the stock has not enjoyed a rise COM
mensurate with that of other Trunk lines.
which are no better situated
The sharp rise in Baltimore and Ohio,
which at the highest amounted to ga. was
unexplained by any news of the day.
epecaltes, notably Tobacco and Leather
preferred, and the advance of some of the
high-priced investment stocks and the
strength of coalers, due to the prevalent
cold weather helped to sustain the mar
ket, and the continued large absorption
of railroad bonds was an additional fac
Tor.
The tone of the Changers was heavy all
day, with the exception of Burlington,
which rose at one time over a point, and
of Northwest and Omaha which advanced
in sympathy with the Vanderbllts.
There were several halts during the day,
due 10 a taking of quick profits and the
day closed with very general movement
to that end which embraced most of the
strongest, cutting down the extreme gains.
Sugar lost nearly all of its early advance.
London was both buyer and seller in
this market, and Union Pacific and st.
Paul felt the reverse of this selling Com
mission house business was on a very
large scale.
large scale Kansas Pacific consos, the
Union Pacific and Atchison issues and the
Texas and Pacific seconds being in special
demand. Prices are higher all around.
Total sales, Sc, $40 600. The United States
new As advanced 4 bid, and the IS cou-
pom y.
Total sales stocks to-day were STA, 100
shares, including $500 Atchison preferred,
5613 Baltimore and Ohio; As, $50 Chesapeake
and Ohio; 500 Cleveland, Cincinnati, Chi
cago and St. Louis; .406 Louisville and
Nashville; 62,519 Manhattan; APO Missouri
Pacific AVS Missouri, Kansas and Texas
preferred; 7i40 Jersey Central; %, 1870 New
York Central 32,325 Northern Pacific pre-
ferred; 3,o9l Oregon Short Line; $500 Read
ing; $50 Rock Island; %. 500 st. Paul; g.
6S2 ST. Paul and Omaha; $3.50 Union Pa
citic; 10, 1S5 Tobacco; 5,l65 Chicago Great
Western; 26450 Peoples Gas; 1858 Sugar;
4,30 United States Leather; 5,445 do pre-
ferred; $3.50 Western Union.