The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-13
II. Il. SPERRY Il CO.,
DEALERS N
Southern Securities,
ESQ f. GERMAN ST.. BALTIMORE. MD.
Entire issues bought. Advances
made on marketable coIIateraIs.

more and Ohio, 65ls; Canada Southern. 50:
St Paul, 75la; Rock Island. 1873; Delaware
and Hudson, l3l; Delaware. Lackawanna
and Western, 1854; Manhattan, ll3; Michi-
gan Central. lOl; New York Central.
1o2.
New York. Sept. l2.-Speculation at the
stock Exchange opened steady 10 firm,
the result of rather liberal purchases
OF stocks for foreign account The i'm
provement in prices was unimpoTtant,
however, amounting 10 less than a point
in the general list Before the expiration
of the first hour OF business the selling
movement was resumed with renewed
vigor and the early gain was not only
lost, but decline of 4 TO per cent. was
recorded. In the downward movement the
greatest losses Were scored by Tennes-
see Coal and Iron, the Changers and
was pronouncedly bearish at this time.
Reports were atioaJ to the affect that
the shipments Of gold by Saturdays
European steamers would run into the
millions, and as the bond syndicate con-
tract with the government expire shortly,
the bears made the most of these rumors.
The August statement of the Bureau of
Statistics showing a material falling on
in the export trade of the country did
not help matters any and for a time it real
lists had finally secured the up
per hand After midday. how
ever the market relapsed into dullness
and even the revival of the rumors of
a new bond issue and a further decline
in the per cents. of 1925 failed to start
lEeSn nQuludtlOnS. 1t was argued from
this that the market had been oversold.
The correctness of this was forthcoming
In the last hour OF business, when il
was announced that the Lehigh Valley.
Lehigh Navigation and Reading COmpa-
MES had agreed to advance the price of
coal. Immediately this was accepted as
foreshadowing a more important deal be-
tween the Anthracite companies and
rush to cover followed. Jersey Central
rose 2is to 1872; Delaware and Hudson,
lss to 1924; Reading, lSs to 20A; Susque-
hanna nd far~fa fs~s cd m
Minnesota Iron, 2A 10 69s4 Tennessee
Coal and Iron, 1A TO A; Sugar. IA TO liza,
and the remainder of the list u to l per
cent The market closed firm in tone.
Net changes show losses of 1sd1la per cent.
except for the Anthracites, which i'm
proved Is to per cent Bonds are lower.
listed stocks aggregated 256,000 shares and
of unlisted stocks 5000 shares.
New York stock disclosing bids-stocks
and bonds-American Cotton Oil. 2212; do
preferred, 7112; Sugar Refinery, III; do
preferred, 100; American Tobacco, 95h; do
preferred, 107; Atchison, 7. and S. F., 209s;
56la; Chesapeake and Ohio, 201s, Chicago
and Alton 16S bid; Chicago, b. and O.,
S1ss; Chicago Gas, CPS; Delaware, Lacka-
wanna and Western, 1884; Distillers Cat
22%; Edison General Electric, 80; Illinois
Central, l03: Lake Erie and Western, 25i2;
do preferred, 70; Lake Shore, 1875; Louis
Vile and Nashville, 633s; Louis and n. A,
93s Manhattan, 112h; Memphis and
Charleston, 10 asked; Michigan Central,
1914; Missouri Pacific, 3Si2; Mobile and
Ohio, 2ila; Nash, c. and st: L.. 20; United
States COrdage, 65s; do preferred, 1324; n.
j. Central, 112; N Y. Central, 1903; N. Y.
and n. E., 55; Norfolk and Western, pre-
fferredl ~; Northern Pacific, SIS; do pre-
ferred 146; Pacific Mail 325s; Reading,
1034; Rock Island, 1885; st. Paul, 1875; do
Tennessee Coal and Iron, 437s; do do pre-
ferred, SO; Texas Pacific, 1214 Union Pa
cifc, Is; Wabash, St l.. and p, 95s do do
preferred, 2S$; Western Union, $3.50
Wheeling and L. T., 16 do do preferred.
50Is; Southern Railway SIS. IS; Southern
Railway common. y: Southern Railway,
preferred, 1871.
State Bonds-Alabama A, los bid do b,
los bid; do G, l05; Louisiana stamped AS,
400 bid; North Carolina As, 102; North Car
lima 6's, 125 bid; Tennessee, new set, 3s,
80; Virginia SIS, preferred. bid; Virginia
Trust Receipts, bid, Virginia Funding
Debt 6Sh South Carolina 4l2's, 10l
Government Bonds-United States As,
registered 11l5R; United States AS, coupons
1121s; United States rs, registered, 96h