The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-05-05

Factory stocks-Augusta Factory, So
Ma 20 asked; Grsniteville Factory, 80
bid 155 asked; Langley Factory, 81 Did,
1Ulb asked: Enterprise Factory, common
90 bid. 81 asked; J. r. King Manufacturing
Coponapv. 81 bid, 101 esked; 6ibley Manu-
sa"t,,rine Company, IS bid, 70 asked; Sa-
vannah Brewing Company lo15z pld' 4Vo72
asked. -.
New York. May 4-Money on call was
| steady at 21sIpa per cent; che last lodh
was at per cent: prime mercantile paper
21AS,41L ner cent Sterling exchange weak
with actual business in bankers BIZ, AT
s. iLd4s7ik for demand and at $4.s25s4
4 S5Ib for sixty days: posted rates Sf-oo124
ssh: commercial bills, s4s43i Bar silver
$780, silver certificates, 6l12qozc' Me@lS'.
dollars. sic Government bonds were IT.
regular: states bonds were steady rail-
road bonds were irregular.
New York. MAY 1.-The stock Market
was weak most OF the day, then raIlieu'
recovering part Of the earlier loss ana let
off with an uncertain tone with net losses
OF substantial fraction prevailing IN
founded rumors were rife, including sio-
ries of a spiit between prominent bull IN
terests, the death Of a prominent banker,
ana statements that banks had called
loans and refused further accommodations
to a large interest. Each Of these rumors
in turn was positively denied, but not I'M
tiI substantial declines in stocks had been
effected London was a liberal seller, Su-
gar was most prominent in the period OF
depression dropping over points, Two
thirds Of which was afterward recovered.
The rest of the market followed the fluc-
tuatiOns in Sugar to a minor extent.
The iron and steel stocks, local transpor-
tation shares, Anaconda and y number OF
the other specialtics. made an average ex-
treme drop of about points, while there
were numerous declines of about one point.
With the rally in Sugar substantial recov-
cries occurred elsewhere, particularly in
those which were most depressed pre-
viousfy, and the market thereafter became
dun
Consolidated Gas was well taken and
rose over three points. Among the rail-
ways, Burlins ton which sells ex-righs To-
morrow displayed the most strength.
There were fractional net advances n Con-
tinentll Tobacco, Tennessee Coal and Iron
and General Electric.
The more prominent declines were in
New York Central the coalers local trac-
ton companies, iron and steel sha'es and
most Of the Changers. There were many
of the opinion that heavy Hquldation Tor
some important interests occurred to-day
and that much of the latter strength came
from the covering of shorts. An interest
which it was reported was seeking to re-
duce Its lines in it's specialties denied that
it had any speculative ventures on foot
just now. Commission house business was
said TO be one of the smallest for sore
time
Railroad bonds showed a reactionary
tendency for the greater part of the day,
but in the late trading conspicuous
strength in Wisconsin an Central frsts ard
support to other speculative issues i'm
parted better tone. Total sales amOunted
to $3S00,000. United States As coupon and
the new As coupon declined Il. but the IS
coupon advanced Is in the bid price
The total sales of stocks were 71S 100
shares, including 4, 325 Atchison preferred
23140 Burlington; 6.275 Louisville and
Nashville; 9,115 Manhattan; ,92O Metropol-
itan Street Railway; IA 800 Reading first
preferred; 5,S25 Northern Pacific; 902i
Rock Island 9,S20 Union Pacific; $685. do
preferred; 500 Southern Railway preferr-
ed; 1892 ST. Paul; &C. 800 American Steel
and Wire; 6,405 Federal Steel; 5 O9S do pre-
ferred; 27,65 Peoples Gas; 55.475 Brooklyn
Rapid Transit; 1880 Continental Tobacco;
lbo,7SO Sugar; 800 Tennessee Coal and
IRON $3.50 Chicago and Great Western,
New York Closing Stocks-West,