The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-05-25

Factory Stocks-Augusta Factory. s.
bid, rs asked; Granitevihe Factory, 145
bid, 15i asked; Langley Factory, 100 bid,
lGl asked; Enterprise Factory, common
80 bid, 81 asked; J. r. King Manufacture
ing Company. 100 bid, 1O1 asked; Sibley
Manufacturing Company. 70 bid 76 asked;
Savannah Brewing Company, 80 bid, %
asked
New York, May 24-Money on can was
steady at 1l201% per cent; the last loan
was at IL per cent. Prime mercantile
paper, 41zd512 per cent. Sterling exchange,
easier, with actual business in bankers
bills at S4.S6l4@4S61a for demand and at
s4.S4Q4S414 for sixty days; posted rates,
$4.S4la and $4S71a. Commercial bills. $3.50
4.SS9a. Silver certificates, 57l4G5Sc. Bar
silver. 571ac. Mexican dollars, 454c. Gov
eminent bonds were firm; state bonds were
dull; railroad bonds were strong.
New York, May 24-The Evening Posts
London financial cablegram says: THE
stock markets here We're quiet but firm to-
| day. The settlement shows a small ac-
| count and was favored by easy money.
| Contangoes on Americans were usually
| to 4 per cent, but a few weak bulls were
charged "A per cent Milwaukee and St.
| Paul was scarce and commanded Is per
! cent backwardation. Americans closed at
| the best, with a revival of speculative in
/ terests.
! New York, May 24.-The stock market
| continued more or less professional to-day,
! and there was palpable evidence of manip-
! ulation. The success of the campaign for
| the rise, assisted by one or two factors of
| strength, invited an extending interest and
! induced a broadening tendency in the spec
| ulation. The advance was primarily due
| to the rumors, subsequently, discredited,
that the United States fleet had won
victory over the Spaniards in West Indian
waters. The final strength of the market
cannot be attributed to these rumors.
/ no HYaaI Of
largely due to covering of shorts. who had
i become alarmed at the easy advance of
/ prices and the persistent resistance to de-
/ cline, especially after the contradiction of
4 the reports of successful naval battle.
! This covering Of shorts made final prices
the best of the day. Net gains were well
over point in The International and
| Granger groups of the railway list, and
! ranged up to nearly 6 points for Metro
politan Street Railway in the specialties.
! The stocks of iron companies continued to
show strength, and the Southwestern
railways, as group, showed some
strength and activity.
The money market continued in con-
dition of extreme ease, and sterling eX
change reacted a fraction under the influ-
ence of buying of securities for London ac-
| count and a further decline in the London
discount rate, which is now well below the
! New York rate With the continued ten
dency toward ease in the London discount
rate, the demand for sterling for collateral
| is likely to cease. 1t is evident that this
country can command further supplies of
| gold if they prove desirable 10 have. The
bond market developed increasing activ-
| ity as the day advanced, and shows net
gains throughout Total sales s., 225. 600
United States bonds were steady, without
| change. The total sales of stocks to-day
were 41S,200 shares, including Atchison
preferred 1870; Burlington, 1908; Louis
vile and Nashville, 14,701; Manhattan, 49,
! 355; Metropolitan Traction, 1880: Missouri
Pacific, 1880; New York Central 4600
Northern Pacific, 7,720; Northern Pacific
preferred, 1888; Rock Island. 1910; St
Paul, $3.50; Wabash preferred, 1884,
4 American Tobacco. 1926 Peoples Gas
l256O; Sugar, N71o; Sugar, preferred,
$3.50
New York Closing Stocks.
Atchison ........ 1875 St Paul ........ 1914
do pref ....... 50 do pref ........146i4
Bait & Ohio >. 5S14 ST. P. G. ON. :. 70
Can. Pacific -. S45s do pref .....145
Can. Southern 517s St p M. & M. .135
Cent. Pac. -. 1880 Pacific ..... 1914
Ches. & Ohio :. 22hS So. Railway 80. s5s
Chi. & Alton =. 159 do pref ........ 30ss
Chi. B. & Q. .1021S Tex. & Pacific. 114
Chi. Il e. Ill. :. so Union Pac. 80. $685.
c. c. c. & st. L. S51s U. p. D. & c.. RI
do do pref -. rs Wabash -. -. ~
| Del. s. Hudson .10S do pref ...... 20
Del. l.. & w. ..152 Wheel & L. r. 31s
Den Rio G.. u do pref ........ 11%
do pref $3.50. 4734 Adams Elk. $50. 80
| Erie (neW) 49,. u Amer. Elk. FPS
do list pref. 1913 Uni. States So. Al
FIT. Wayne -. .16S Wells Fargo LII
ct. Nor. pref 1851 A. Cot. on ..... 2214
Hooking Val. :. s do pref ....... 74A
Ill. Cent. .1Olsl Amin Spirits :. 1925
Lake E. & w. . 10 do pref ........ 31a4
do do pref :. 1924 Am. Tobacco .109A
Lake Shore ....1SSl4 do pref mills
Louis. & Nash. SOY Chicago Gas -. 9SB
| Manhattan L. .1053s Cons. Gas .... 1917
Met. S. Ry .....161A Com. Gable Co..1G0
Mich. Cent. =. 1854 Col. F. & Iron.. 22%
MINI. & st. l.. 2714l do pref ........ 80
do do LIST pref 81 Gen. Electric =. 1914
Mo. Pacific -. 50 Ill. Steel ........ 81
Mobile & Ohio. % La Clede Gas :. 471k
Mo. K. & T. E. -115l Lead ...... ...... 1874
do pref ....... 95s4 do pref ....... .10715
Chi. l., & L. -. 91a Nat. Lin Oil :. q
do pref :. -. q Ore. Imp. Co. =. 281a
N. j. Cent. -. 9f12l Pac. Mail ....... 27H
NJ Y. Cent. go. 1853 Pullman Pal. 1887
N. Y. Chi. G. st. Silver. Cert. -. 57A
L. -. ........ 10 S. r. Irvine. 67g
do LIST pref -. 65 Sugar.. ....... 1885
do End pref -. 5112 do pref ........113
Nor. West. 49,. 131sIT. G. & Iron -. 257s
No. Amer. Co.. Sc u. S. Leather :. S5s
No. Pacific -. 261s do pref ........ 685s
do pref .665l U. s. Rubber :. 2lA
Ont. & w. ...... 151a do pref ...... 70
Ore. r. & Nav 515a West. Union - 913s
Ore. Short L.. q Northwestern ..12S1s
Pittsburg .l66 do pref ........170
Reading 80. :. 18%lSt. L. & S. w. AZ
do 1st pref =. 4515I do pref ........ 1914
Rock Island -. 1929 R. G. w. ....... Is
S. L. & S. f. :. 73s do pref ........ 62
do list pref =. 611alC. G. w. ...... 145s
do End pref =. 2914l Hawaiian c. Co. 1872
Bonds.
us. new As, reg. 1211si do IS ............ GIG
do coup .12112 do As ........... 957s
u. S. As. ..........10S N.Y.C. & StL.4s1O1
do coup go. .1O919 Nor. & W. IS. III
do IDS ......... IS Northws cons. 1877
u. S. IS, reg. HOY do deb. 5s..... ia
do IS, coup 80. 11012 o. Nav. 1sts... 1922
District 8 65s .11S12 o. Nav. As -. 95lA
Ala. class A .10S1z 0. S. L. 6s, t. r.. 12l
do Jos o. S. l.. IS, t. T. 1O2M
do c ........... 80 o. Imp lists, t. Rio
do currency -. 80 do IS, t. r. 80. SO
Atchison As -. 90ll Pac. 6s of 95 -. JOB
do adj. 4s..... 64$s Reading As ...... 81
Can So. DDS LOB r. G. w. 1sts.. 842l
Chi. Term. As. IS st. l.. & IT. NJ
c, & Ohio IS. .11215i con. IS ........ 93N
| n II e. d1Ls 10d6st st l., e San