The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-09
A BIG SALE OF SECURITIES.
THE MONTGOMERY AND EUFAULA
SINKING FUND UNDER THE
HAMMER.


De soto Hotel stock Bid in for $50 q
share-Mai. Hurtridge Bought the
Central stock at I2i1-Capt. John
A. Davis Buys the Albany Bank
stock at 12O-Capt. Cunningham
Bid in the Balance of the PrOperfy
for Messrs. Thomas and Ryan
Railroad Iron brought the Low
Figure of 81 Per Ton.
The securities notes and property be-
longing to tie sinking fund Of the Mont
gomery and Eufaula Railway Company
which have been in possession of the Ger
mania Bank as trustee. for the last TWO
years were sold at auction yesterday at
the court house The sale was conducted
by Mr. J. Mclaughlin. Capt. Henry Blum,
president of the bank, standing near BY
10 assist him. Mr. Walter G. Charlton
Of counsel for the trustees occupied seat
just in the rear. TO see that everything
went of ali right.
The bidding vas at times very spirited.
though altogether there were very few
purchasers. In fact, all but two parcels
OF the property were bought in for Messrs.
Samuel Thomas and Thomas F. Ryan, BY
Capt H. c. Cunningham. There was more
interest in the sale of the securities than
anything else and in fact these were the
only property upon which there was any
competition in the bidding.
The first property sold was thirty-ive
first mortgage bonds of the Wrightsville
and Tennille Railroad Company, bearins
interest at per cent, payable semi
annually, for the par value OF $1,000 ana
due 1913. These were started at so and
jumped by successive stages up to lOJ,
where they were knocked down to Capt.
Cunningham for Messrs. Thomas and
Ryan. ,.,,,
S34 90 of the rrst consols OF the SaFdu-
nan and Western railroad between MI.
S. X Platshek and capt. h. Z, cunning
ham. The former started them az 90
and they went up towards the enu py
halves and quarters until capt; cunning
ham finally secured them al ~. -.
Capt Cunningham did not seem 10 care
so much about the 2lS shares OF central
Tsilroad stock. which was the next parcel
offered. 1t was started by MI A. X.
Myres, who dropped OUT aiteI ~ WIZ WIZ
above II. The bidding was then peIweeh
Capt. Cunningham and Maj 4 l.. hart
ridge. 1t advanced by quarters, until
Mai Hartridge finally secured IL at LIZ.
Certificates OF indebtedness to the
amount of 81 600 were bid for at very
lively rate Mr.. Platshek wanted to get
them at Is, but Capt. Cunningham saw
him one better. and so II went unul tneS
were fnally knocked down TO the latter
My Lord. wish we lived in Albany
Mr. Mclaughlin remarked as he knocked
down 260 shares of the capital stock OF the
First National Bank of that city 10 Capt
John "A. Davis, president OF the insutu-
ton, al 40. Capt. Davis started the DIG
ding at par, and Capt. Cunningham rails
ed him TO los. Capt Davis then went TO
he Capt. Cunningham to 10, and capt.
Davis then made the bid Of 10. which Sc
cured It.
spirited bidding on the $50 shares of the
Savannah Hotel Company stock. DE
Soto hotel stock has hardly gone higher
than as at any time This was started at
bid of Is by Mr.. Platshek and Capt. Cum
ningham very promptly raised 1t to 80.
Mr.. J. +. Minis then took hand IN tAe
bidding and IL became quite lively for a
few minutes, it finally reaching 81, where
1t was knocked down to Capt Cunning
ham for Messrs. Thomas and Ryan.
These We're the only securities in which
outsiders took any particular interest,
and the balance of the property was all
bought in on low bids by Capt Cunning
ham for Messrs. Thomas and Ryan.
Notes Of the AIillen and Southern Rail
way Company for past due rental of IRON,
Endorsed by Messrs Stlllwell, Millen &
Co, and amounting TO $,Ssi.0l. with in
terest from October, 1894, brought $500.
Notes of the Wadley and Mount Vernon
Railway Company for past due rentals
of railway iron. amounting to SS2l5.S9,
brought the same figure. Capt Cunning
ham bought for the same parties, $50
tons of railroad iron under lease to the
Beaver Dam Lumber Company at Mum
nerlyn, Ca, for $3.50, 1872 tons under lease
to the +. r. Foy Manufacturing Com
pany of Rocky Ford Ca, for 1892; 20l0
tons under lease to the Wadley and
Mount Vernon Railroad Company for
5000; $50 tons under lease to the Sample
Lumber Company of Hollins, Ala, for
$3.50; 1885 tons under lease to the Millen
and Southern railroad, for Sl,3S5; $40 tons,
fitgpnfa1 and Snff for S1aOs .34
disputed and in suit, for 800, and 74S tons,
now under lease 10 Perkins Bros. of Har-
rison, Ca, for S74S.
..r-.-r.,, ~ ~ r,nnI... .I.I.-rInr-