The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-09-12

Bank Stocks, Etc.-Citizens Bank. 11Oh
bid, lila asked; Chatham Bank
i 46ls bid, H1s asked; Germania Bank,
1O7 bid 107l5 asked Merchants
National Bank. 80 bid, 9lla asked; National
Bank of Savannah. 129 bid 131 asked;
Oglethorpe Savings and Trust Com
pany, 102 bid. 1903 asked; Southern
Bank of the State of Georgia., 169% bid,
l7o1a asked; Savannah Bank and
Trust Company, 1903 bid, 104 asked.
Chatham Real Estate and I'M
provement Company, A, SO bid 5sh ask
ed b, 5O,b bid, 81 asked: Peo-
pies Savings and Loan Company, 91h bid,
92A asked
Factory Bonds-Augusta Factory is, 1O2
bid, l0S asked; Sihiey Factory IS, 100 bid,
lO2 asked; Enterprise Factory 6s, 1903 bid,
lO4 asked; Eagle and Phenix Manufacture
ing Company, per cent. bonds, bid. go
Factory Stocks-Savannah Cotton Fac
tory, bid so asked; Augusta Factory,
n bid, SO asked, ex-div.; Granite VILE Fac
tory, l45 bid, 1850 asked; Langley Factory.
lOS bid, ITO asked; Enterprise Factory.
common, 9S bid 1902 asked; j. i.
King Manufacturing Company, los bid, 10S
asked; Sibley Manufacturing Company, rs
bid, rs asked Savannah Brewing Com
pany. - bid. rs asked.
London, Sept. 11-Bar silver, 30ssd. Con-
sols ITO 1916 for money and Ill Lied for
the account. Paris advices quote 3 per
cent. rentes, 102 francs 80 centimes for the
account.
New York, Sept. 11.-Money on call was
easy at 4G5 per cent. the last loan was
at per cent, and al the closing, was Of
fered at per cent. Prime mercantile pa
per, sac per cent; bar silver, 655sc Ster-
ling exchange steady with actual business
In bankers bills, at 81 S1t66D4 S13t for sixty
days, and $4.S3& "A. "a for demand Post
ed rates, %.S2izQ4. S415. Commercial bills,
"a. S0a4. 81. Government bonds easy; state
Nrynr ItY1I.
strong. Silver at the board was neglected
New York, Sept. II, noon.-Erie, 121S;
Northwestern, 1914; preferred, 142; Lake
Shore, 1449s; Norfolk and Western prefer
red, 49, Western Union. 500; Southern
Railway common, ~; Southern Railway,
preferred, BIS; American Sugar, 114l5; Bal
timore and Ohio, 49,; Canada Southern. IS:
st. Paul. 7OA; Rock Island, 59A Delaware
and Hudson, 121s; Delaware, Lackawanna
and Western, 1853; Manhattan, S3l5; Michi-
gan Central, 81: New York Central, o..
Speculation quiet but strong.
New York, Sept. 1.-THE stock market
at the opening ruled weak and in the first
ten minutes or so of business prices de-
clined anywhere from a to 1 per cent
Lower cables from London and a report
that the Bank of England rate of dis
count would be advanced to 3 per cent,
accounts for the weakness of the market
at that time. Louisville and Nashville
was marked exception, the first trans
action showing a gain of IL per cent
subsequently the stock moved up to A.
against S91a at the close yesterday. The
strength of the stock was brought about
by the decision of Judge Speer, ordering
the restoration of rates by the Seaboard
Air Line and the Southern States Freight
Association. Southern stocks have been
freely sold of late on the idea that the
roads had entered on a ruinous war
Judge Speers orders, however, put an en-
tirely different complexion on affairs, and
this was fully appreciated by the bears
to-day. The rise in Louisville and Nash
VILE checked the downward movement in
the general list, and later on, when 1t
was rumored from London that indica-
lions pointed to additional shipments of
$50, 900 600 gold to New York, the market
developed greater strength. Call money
lent al per cent, and when stock ex-
change borrowers had supplied their
wants, unemployed balances were Of
fered at per cent, and this added to the
bullish feeling. The heavy deposits OF
gold at the sub-treasury also assisted
those operating for higher prices The
advance ranged from a to Pa per cent.
outside of Lackawanna, which jumped 6M
to 1853 on covering of long outstanding
short interest. Sugar rose pa TO 115A
Tobacco, IA to 65A; Burlington, 2is to 6S;
Chicago Gas 2 to 601k; Northwest ia to
to 605s; Manhattan. 21z to S41z; Jersey Cen
trail, Ia to 101a4; Reading, / to 162t; South
ern Railway preferred, ~ to 2lA; Ten
nessee Coal, rs TO 215s; United States
Leather preferred, ~ to 5Oih, and Western
Union III to SIN. Speculation closed firm
in tone. the usually active issues showing
net gains of 4 to 2h per cent. Total
sales were l73,251 shares, including 81 800
Sugar, $500 ST. Paul, 1920 Burlington
and Quincy and $500 Louisville and Nash
Vile. Bonds were strong. Total sales
were only $6S2,OOO
New York Stock List. Closing Bids,
Stocks and Bonds-Amerlcan Cotton oil,
l2 do preferred As; Sugar Refinery. 115A I;
do preferred, 1909 American Tobacco
643s; do preferred, IS; Atchison. II. and s.
f., y; Baltimore and Ohio. IA; Canada
Pacific. 571k; Chesapeake and Ohio. 1874
Chicago and Alton, 1852; Chicago. %. and
O., 671z; Chicago Gas. co.'s; Delaware
Lackawanna and Western, 1856; D.stillers
and Cattle Feeders. -; Erie, 12A; do pre-
ferred, 20; Edison General Electric, 277s;
Illinois Central. So; Lake Erie and West
ern, IS; do preferred. IS; Lake Shore. 143;
Louisville and Nashville Az; Louisville