The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-12-18

asked: Merchants National Bank, 90 bid.
asked: National Bank of Savannah.
1T bid. 100 asked: oglethorpe Savings and
Trust Company. 100 bid, lol ask
the state of Georgia, 1863 bid,
Ill asked; Savannah Bank and Trust Com
pany. 101 bid, 1929 asked; Chatham Real
Estate and improvement Company, A, 81
bid, - asked; B. 50iA bid. STA asked; Peo-
pies Savings and Loan Company 911s bid,
92ls asked.
Factory Bonds-Augusta Factory, IS, 100
bid. l02 asked; Sibley Factory IS, 100 bid.
l0l asked; Enterprise Factory IS, 101 bid,
l02 asked; Eagle and Phenix Manufactur-
izs Company, per cent. bonds, 40 bid, 90
asked
Factory Stocks-Savannah Cotton Fac
tory, = bid, so asked; Augusta Factory. n
bid, so asked. ex-div.; Graniteville Fac
tory, las bid, $50 asked; Langley Factory.
100 bid. los asked; Enterprise Factory.
common, 50 bid, 100 asked; ]. p. King
Manufacturing Company. 1902 bid, los ask
ed; Sibley Manufacturing Company, 70 bid,
n asked; Savannah Brewing Company, 81
bid. 81 asked
London, Dec. 17.-Bar silver, sod. Con-
soils, 10 11-16 for money and Ill for the
account,
Paris. Dec. 17-Three per cent. renles,
102 francs 271a centimes for the account
New York, Dec. 17.-Money on call was
easy at 1902 per cent: the last loan was
at ? per cent, and at the closing was OIL
fered at ? per cent. Prime mercantile pa
per. per cent. Ban, silver 659sc. Sterling
exchange firm, with actual business in
bankers bills at $4SS%G4.S4 for
sixty days, and $4.S7AQ4S71s for demand
Posted rates, s4.sH294.ss. Commercial
bills, $4.S2l6@4.SS19. Government bonds
dull; state bonds higher; railroad bonds
firm. Silver at the board was quiet.
New York Dec 17-fCha hs4 l.
ances were as follows: Coin, $12l, 0S1, 59l
currency, s466l9,7O2.
New York. Dec. II, noon.-Erie, 14L
Northwestern, 1903; do preferred. 146; Lake
Shore, 154; Norfolk and Western, prefer
red, 10; Western Union. $40; Southern
Rai'wav common. go !: Southern Railway
preferred, 271s; American Sugar, 11115; Bal
,IiI.ofe a,u ONO. 1925, Canada Southern
4S; ST. Paul, 743s; Rock Island, S. Della
ware and Hudson 125: Delaware, Lacka-
wanna and Western. 155lz; Manhattan, 30;
Michigan Central, 80; New York Central,
S.. Speculation barely steady.
New York, Dec. ia firm tone charac-
terized operations at the Stock Exchange
to-day. The opening was strong, owing
to higher market for American securi
ties in London and moderate purchases of
St. Paul, St. Louis and Nashville and
low priced issues for foreign account The
gain at this time was equal to A613,
per cent, Rubber common scoring the
greatest gain. Shortly after midday,
however, the Gould stocks were sub
jected to a severe raid, and under free
offerings for professional account declined
sQ2A per cent. Manhattan fell from 921a
to &c. one broker alone selling 5000 shares
A turn for the better occurred around
1 o'clock, when 1t was announced from
Washington that Secretary of State Oh
ney would appear before the Senate COM
mittee on foreign affairs tomorrow to ar
que against congressional action on Gu
ban matters at this time. The adjourn
ment of the Senate until Monday was also
favorably received by those operating for
higher prices for stocks. Following this
development, the wholesale market NOV
ed up under purchases for both the long
and short account. The gain in prices
was equal to l4Q21S per cent. and was
well distributed Tobacco led the up
ward movement and rose to tn on talk
of the retirement of the scrip issued early
in the year. Rubber common rose to 2Gs4
and was in demand on the belief that the
directors will declare a dividend later in
the month. Chicago Gas, Spirits, Read
ing, the Changers and Louisville and
Nashville were all conspicuous in the adj
vance. The fact that the St. Paul earn
ings for the second week of December
made better showing than generally
expected, the decrease being only $41, 000
had good effect on the Changers gener-
ally. The chief topic of the day, how
ever, was the possibility of gold exports
to Germany next week. The open opinion
in financial circles is that about $1,000, 900
in gold will be forwarded to Germany
next week if present conditions continue
to prevail. Money abroad is steadily
hardening, discounts in the open market
in London to-day having advanced to
3A per cent, while rates here are merely
nominal. Again, sterling exchange is
gradually strengthening, and In the divi-
dend payments due to Europe next month
foot up very heavy total. Authorities
agree that with the current rates of ster-
ling, the Imperial Bank of Germany,
by allowing slight premium and paying
interest on the consignment while in tram
sit, gold could undoubtedly be drawn
from this country. Speculation closed
strong. Net changes show gains of 4
al per cent, Manhattan and Western
Union lost 15Q%. Tobacco made an ex-
ceptional gain of 1A per cent. Total sales
were 1896 shares, including 1920 Sugar
LOO Reading, 1880 Burlington and Ouin-
cy, and 1920 st. Paul. The bond mar
ket was strong to-day. The transactions
aggregated $1,109O0O.
New York Stock List, Stocks and Bonds
at the Closing-American Cotton Oil. II:
do preferred, 81; Sugar Refinery 112st: do
do preferred, 10l; Atchison Il. and S. F.
1875; Baltimore and Ohio, 159s; Canada. Pa
citic, 54a4; Chesapeake and Ohio, 16ss; Chi
cago and Alton. 1907; Chicago, B. and O..
74A; Chicago Gas, "a; Delaware, Lacka-
wanna and Western. 156; Erie, 147k; do
preferred, 80; Edison General Electric.
32ls; Illinois Central, 90; Lake Erie and
Western. 1874; do preferred, 70; Lake
Shore. 1874; Louisville and Nashville, 49ss
Louisville and n. A, a; Manhattan, slA;
Memphis and Charleston, Is; Michigan
Central, 80; Missouri Pacific 2Oh; Mobile
and Ohio, 81; Nashville, Chattanooga and
st. Louis. 671s; United States Cordage.
SIS; do preferred, IL; New Jersey Central,
103 New York Central, IS; New York and
New England. As; Norfolk and Western,
preferred, 16; Northern Pacific. 49, do pre-
ferred, 221s; Northwestern, 1O3h; do pre-
ferred. 147; Pacific Mail. 2iss; Reading,
III; Rock Island, 6S%; st. Paul, 75lk: do
preferred, 1870; Silver Certificates, 65Ik;
Tennessee Coal and Iron. 263z; do pre-
ferred, 30; Texas Pacific, go; Union Pa
cihc, 81; Wabash, st. l.. and p. 81; do
preferred 167s Western Union, Si7s;
Wheeling and l.. f., TX; do preferred. q:
Southern Railway SIS. 30; Southern Rail-
way. common. 81; Southern Railway. pre-
ferred, Z7s4.