The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-22

asked; Gainesville Jefferson and South.
e e. railroad al hrst mortgaage, ,guarau-
and Southern, not guaranteed SO asked:
Gainesville, jefferson and Southern second
mortgage, guaranteed, 80 asked Columbus
and Rome first Endorsed Is, -- bid a asked /;
Columbus and Western per cent.
first guaranteed, 100 bid, - asked; Augusta
and Knoxville railroad per cent first mort,
gage oondS, lOl old. loI asked; City and Sub
urban railroad, first mortgage per cent.
bonds - bid, Sc asked; Electric Railway
bonds 80 bid, 60 asked; Alabama Midland 5
per cent, IS bid, 90 asked
Railroad Stocks-Augusta and Savannah 7
per cent guaranteed, so bid, s. asked; Central
common common l45 bid l54 asked; south
Tdend o Pde 0eps SD $ ssE EG
Central 8 per cent. certificates, with order for
detaulted interest. IS bid, % asked: Atlanta
ana West Point railroad stock, 10 bid, 50
asked; Atlanta and West Point per cent.
certificates, 80 bid 90 asked
Gas StockS-Savannah Gas Light stock 20
bid. q ex-div asked; Electric Light stock
and Power Company. 80 bid 81 asked
Bank Stocks-Southern Bank OF the State
OF Georgia 1866 bid - asked; Merchants Ma
tlonal Bank, 9l13 bid, SO asked; Savannah
Bank and Trust COMPANY IC2 bid IO3 asked.
Germania Bank, 102 bid, l0} asked; Chatham
Bank, 46la bid, Az asked Chatham Real
Estate and Improvement Company, 503s bid
5l1a asked; National Bank OF Savannah 1871
bid, 1873 asked; The OglethOrpe Savings and
Trust Company, 100 bid, lO1 asked; Title
Guarantee and Loan Company. ~ bid. rs
asked; Savannah Construction Company
"A nd, rs asked; Citizens Bank, l0O1a bid, l0l
asked.
Factory Bouds-Augusta Factory IS, 1Ol
bid, lO3 asked; Stbley Factory IS, 100 bid
lO2 asked; Enterprise Factory 6s l0lH bid
lO3 asked; Eagle and Phenix Manufacturing
Company, per cent. bonds, rs bid, so asked.
Factory Stocks-Savannah Cotton Factory
81 asked; Eagle and Phenix Manufacturing
Company, 50 asked; Augusta Factory, - bid
asked. Factory
asked; Langley Factory, 81 bid, 80 asked; En-
terprlse Factory, common, 90 bid, % asked;
}. p. King Manufacturing Company, 100 bid
lOl asked Sibley Manufacturing Company,
- bid, 70 asked.
New York, Sept. 81, p. m.-Money on call
easy at per cent. The last loan at per
cent and at the closing was offered at ! per
Prime mercantile paper, 1914 per cent
Sterling exchange is steady; bankers
g s6lS4 SEE for demand; posted rates
Commercial bills 81 slA@4 Six for sixty
Government bonds steady. State bonds dun.
Railroad bonds strong.
Silver at the Stock Exchange to-day was
quiet.
New York, Sept. 21.--The following were
theopening quotations at the Stock Exchange
today:
Erie ...... l5E
H.. a
Lake Shore Observation-Disclosures. 1907
Norfolk and Western preferred. ......... 25K
Richmond and West Point Terminal ..~ 1914
western Unlon'.'.-. .................,... o9s4
Southern Railway common. ............... IA
do do preferred ........ o.. 431l
New York Sept. 21.-The event of the day
in financial stock circles was the reduction
in Rock Island quarterly dividend from 1 to
Ia per cent. the opinion prevailed in GER
tain quarters for some time that the direc-
tors would be able to see their way clear to
maintain the usual rate although President
Gable S utteranCes Of late should have pre-
pared the financial community for to-day's
action Of the directors. The street, however
has Ceen operating in the stock of late on
the theory that the Burlington and Quincy s
policy would be followed and as a result when
the official announcement OF the reduction
was made there was a rush to sell. The
stock early in the day was bid up IL TO 655
but when the act Of the directors was prOmul-
gated the price broke to 60& under heavy Of
very heavy total for this stock. The other
Changers we're inclined to frmness during the
morning session, but the break OF points in
Rock island led TO heavy realiZatlons and
short selling and St Paul fell u to IS, Bur
lington IL to 4H and Northwest IL to
lO3h. These stocks assured a more
prominent position IN the trading and figured
Tor 81. 100 shares in total Of POI Il shares for
the entire list. In a general way, the market
opened easier owing TO the market realiZa.
ton in Chicago Gas and American Sugar. but
subsequently showed tendency to improve,
until the Changers broke. Gas. Louisville
and Nashville and General Electric presented
firm front. The Levin litigation, by the
way, seems to have dropped out Of sight, and
Chicago Gas, which was forced down TO 674
on the amour ement Of the suit, has recoV-
cred to 7lAQ1B. In the closing dealings the
pressure against the western shares exerted
an unfavorable influence, and the market
left OF weak in tone. Net changes show
losses of e TO go per cent. Rock Island lead
ing. Lead gained p and Electric y for the
day. Linseed Oil lost a point, having sold
down to IS. The bond market was strong
Sales OF listed stocks aggregated 16s, OOJ
shares; unlisted, 81 OO shares.
The quotations at tue closing were as fol
lows: