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


2sls bid, 2liA asked; Central Of
Georgia railway, second preferred
incomes. II bid, Is asked Central
of Georgia railway third preferred incomes
6 bid, Z asked Georgia Railroad 6s, 1910
: bid, liz asked; Charlotte, Columbia and
Augusta first IS, 100 bid, 1919 asked; Char
lottle Columbia and Augusta second mort
gage z, - bid, 112 asked; Georgia Southern
and Florida, new IS, = bid SO asked
South Georgia and Florida first mortgage
Is. bid 106 asked; South Georgia
and Florida. second mortgage Is, - bid. l0S
asked; savannah, Americas and Mont
gomery, IS, - bid, 6S asked; Ocean Steam
Ship per cent. bonds, 1926. = bid, IS asked:
City and Suburban railroad first mortgage
per cent. bonds, = bid, IS asked; Electric
Railway IS, due 1885, = bid, 20 asked: Ala
80 asked; Brunswick and Western. Is =.
bid, 70 asked; South Bound railroad IS. -
bid,75 asked southern railway SIS, 7Sihbid
1914 asked; Georgia and Alabama CON.
Railroad Stocks-Augusta and savan-
nah, S512 bid SO asked; Georgia
common, = bid, 1874 asked; Southwestern
S4ls bid, IS asked; Atlanta ana
West Point railroad stock 97.kbid .sSh ask
ed; Atlanta and West Point per cent
| certificates, 81 bid, 9S asked; Savannah
Construction Company. 65 bid, 20 asked.
Gas Stocks-Savannah Gas Light stock.
20 bid, q asked; Electric Light and Power
Company, SIS bid, 60 asked.
Bank Stocks. Etc.-Citizens Bank, 11O1k
! bid, 111Z asked; Chatham Bank
4e1s bid, Az asked; Germania Bank.
1O7 bid, 1O71s asked; Merchants
National Bank, 80 bid, 9115 asked; National
Bank of Savannah, 100 bid, 1872 asked;
! Oglethorpe Savings and Trust Com
| pany, 1902 bid. 1903 asked; Southern
Bank of the State of Georgia, 169A bid,
! 1701s asked; Savannah Bank and
! Trust Company 1903 bid, 104 asked
Chatham Real Estate and I'M
provement Company, A, SO bid. 531s ask
ed; B. 5O1a bid, 81 asked; Peo-
pies Savings and Loan Company, 9lM bid,
| 921a asked.
Factory Bonds-Augusta Factory 6s, 102
| bid, 1903 asked; Sibley Factory 6s 100 bid,
l02 asked; Enterprise Factory 6s. 1903 bid,
| l04 asked; Eagle and Phenix Manufacture
| asked.
Factory s.ocks-savannah Cotton Fac
tory. = bid, 50 asked; Augusta Factory,
n bid, 80 asked ex-div.; Granite vile Fac
tory las bid, $50 asked Langley Factory,
los bid, ITO asked; Enterprise Factory,
| common, 9S bid, 1902 asked J. p.
| King Manufacturing Company, 1O5 bid, 1OS
asked; Sibley Manufacturing Company, IS
bid IS asked Savannah Brewing Com
| pany, bid. rs asked
London, Sept. S.-Bar silver 3Ossd; CON
soils, 112 GIG for money and 112 11-16 for the
| account. Paris rentes, 1913 francs 121s CEN
times for the account
New York, Sept, S.-Money on call was
quiet at 5d7 per cent; the last loan was
| al per cent, and at the closing was Of
| fered at per cent. Prime mercantile pa
per, 8 per cent. Bar silver, 66Ac Sterling
| exchange quiet, with actual business in
bankers bills at $4S21aQ4.S2% for sixty
days and &S404.S4l4 for demand. Posted
rates, $4.S3q4S5. Commercial bills, $4s11A@
4.82. Government bonds steady. State
bonds were dull railroad bonds were
higher. Silver at the board was quiet
New York, Sept S.-The treasury bal
ances were as follows: Coin, $115934, Jig;
currency, S4,465,170
New York, Sept. g. noon. Erie, 10;
! Northwestern, 9S12; preferred, 143; Lake
Shore, 142h; Norfolk and Western, pre-
ferred, 1894; Western Union 1914 Southern
Railway common, ia; Southern Railway,
preferred, 2012; American Sugar, 113&;
Baltimore and Ohio, 121a; Canada South
ern, 4514; st. Paul, 687s; Rock Island, 5S5s;
Delaware and Hudson, 12l Delaware,
Lackawanna and Western, $50; Manhat-
tan, S2A Michigan Central, 81; New York
Central, 80. Speculation quiet.
New York. Sept. S.-Speculation at the
Stock Exchange during the early trading
was weak in tore. The traders were all
working for lower prices, on the theory
that a reaction was overdue, and they
met with a fair degree of success in GER
tain parts of the list, notably Manhattan
Weak cables from London proved Of
some assistance to the traders, and in the
first half hour or so of business prices de-
clined anywhere from Il to 25s per cent
Manhattan was freely sold and sustained
the heaviest loss, falling to S012 against
S31s at the close on Saturday. The street
was flooded with rumors that the directors
at the meeting to be held later in the day
would reduce the dividend because of the
poor earnings for the quarter. Manhat-
tan's weakness affected the entire list, but
the losses were generally confined to frac-
tions. Around midday, the official an
| nouncement was made that the directors
of the Manhattan had declared the regu-
lar dividend of ~ per cent, payable Oct. l.
No official statement was given out, but
it was intimated that the company had a
big surplus and that the management fully
| expected the road to earn its dividend for
the year, on account of economies recently
| introduced. The Western Union executive
| committee have also recommended the
payment of the regular quarterly dividend
| Another favorable development was the
| statement of the st. Paul road for the ifs
cal year ended June 3d. 1896 This report
showed a surplus of 2,61S202, against a
deficit of $4O2, 735 In 1895. The directors are
| to meet late In the week and act on the
dividend, and the officials of the American
Sugar Refining Company will also convene
| for the same purpose within a day or two.
| The developments referred to started up
business in a lively fashion in the last
| hour of business and prices pounded up
rapidly. A sharp demand to cover short
contracts prevailed at this time, and COM
mission houses were also more active. The
advance which followed ranged from u
| to 3ls per cent Manhattan rose 3l5 to 81;
Sugar, Sss to 116A; Burlington and Quincy,
pa to 678s; Chicago Gas. 21s to 597s; st. Paul,
~ to 7OA; Rock Island, 22s to 60& Cen
eral Electric, rs to 2S5s; Louisville and
Nashville. Ia to A9s; Tennessee Coal, 2 to
22k; and Western Union, 2ls to S1A Spec
ulation closed strong with prices at or
near the top figures of the day. Net
changes show advances of " TO IA per
cent. on the day. Total sales were 19l OPS
shares, including 361OO st. Paul, 1890
Sugar and 10000 Manhattan. Bonds were
dull and strong Sales footed up S926,000
New York Stock List, Closing Bids,
Stocks and Bonds.-American Cotton Oil,
1917; do preferred, Al; Sugar Refinery 115B
do preferred, 100A; American Tobacco,
64Ik; do preferred, SO; Atchison, T. and S.
F., 70; Baltimore and Ohio, 1914; Canada
Pacific, So; Chesapeake and Ohio, a.;
Chicago and Alton, 1852; Chicago, Burling-
| Il. Ga