The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-09
THE MORNING NEWS: TUESDAY, NOVEMBER O. 1887,

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6S bid, 6S asked.
Gas Stocks-Savannah Gas Light Stock,
q bid, 22i5 asked; Electric Light and Pow
er company, bid. 90 asked
Bank Stocks. Etc.-Citizens Bank, 1924
bid, 1l01s asked Chatham Bank, As bid, 46
asked Germania Bank. 100 bid 10
asked; Merchants National Bank, 80 bid
81 asked; National Bank of Savannah,
l26 bid, - asked; Oglethorpe Savings and
Trust Company, 1O4 bid, - Asked; South
ern Bank of the State of Georgia, 1853 bid,
los asked: Savannah Bank and Trust
Company, 101 bid,102 asked; Chatham Real
Estate and Improvement Company A, s.
bid. 81 asked; b, So bid. 55I5 asked; Peo-
pies Saving and Loan Company, Sc bid, 80
asked.
Factory Bonds-Augusta Factory IS, iO1
bid. l02 asked; Enterprise Factory Is. 100
bid, 10i asked; Eagle and Phenix Manu-
featuring Company per cent. bonds, 40
bid, AZ asked; Sibley Manufacturing Com
pany Is, 101 bid 102 asked.
Factory StockS-Savannah Cotton Fac
tory, bid, 10 asked; Augusta Factory,
50 bid, So asked; Graniteville Factory, las
bid, 151 asked; Langley Factory, 1O4 hid,
1854 asked; Enterprise Factory, common,
90 bid. 96 asked; j. r. King Manufactur-
ing Company, .1N bid. 1O5 asked; Sibley
Manufacturing Company, 70 bid rs asked;
Savannah Brewing Company. so bid. 81
asked.
New York, Nov s.-Money on call was
easy at 1ls02 per cent; the last loan was
cent. Prime mercantile paper, 3%44ls per
cent. Sterling exchange, easier, with act
ual business in bankers bills at A.S50
$.S59s for demand, and $4S204,S2% for six
ty days; posted rates, A,S3la and $4.S61a.
| Commercial bills, $4S1%. Silver certif-
Gates, .571sd5Sc. lBar silver, 573sc. Next
can dollars 44%c. Government bonds were
weak; state bonds were dull; railroad
bonds were weak.
New York Nov. S.-Prices of stock fluct-
ated very widely and very easily travers-
| ing a range up and down many times in
the course of the day. This Indicated a
feverish tone of the speculative mind,
| readiness to dispose of holdings on
slight intimation of possible unfavorable
developments and an equally nervous anX-
iety on the part of the short sellers to
cover their contracts on any appearance
of a hardening tendency. in the market.
The most formidable event in the days
happenings, so far as any effect on val
ues was concerned, was the further post
ponement of the announcement of the SUI
preme courts decision in the
Nebraska maximum freight rate case was
confidently expected to-day. There has
been assurance felt in Wall street circles
that the verdict in this case would be
favorable to the railroads, and even If a
favorable verdict had been announced to-
day, profit taking would probably have
led to declines in the stocks affected But
the news of the postponement led to the
circulation of rumorS that the verdict
would, in fact, affirm the validity of the
contested statute This rumor induced
| much selling. Special weakness was in
| duced also in the Coalers by the very dis
| oouraging reports of the condition of that
industry, due to over production, the cut
ting off of prices and the persistent mild
weather.
There was not lacking the Spanish war
scare, which was made to do duty again
to-day. These demoralizing factors did
not begin to be felt until some slight i'm
provement over Saturdays close had been
effected in prices, Sugar leading the way.
There was notable Improvement also
| from the low point before the close of the
day, due to covering of shorts, and on
a. supreme court decision against the in
terstate commerce commission as to the
regulation of rates, under the long and
| short haul clause, where water rates are
| in competition.
In consequence of this rise at the open
ing, and Improvement at the close, net de-
clines were much diminished. Spirits pre-
| ferred was the first stock to exercise an
unsettling influence on the market, with
slump of 618 points on news of the fail
| ure of the Kentucky disullery combna-
ton. New Jersey Central registered an
extreme decline of 81, st. Joe and Grand
! Island first preferred of 5, Delaware and
| Hudson and Manhattan A. and Sugar, ~;
Omaha and Lake Shore, 33l; Cotton Oil,
| Leather preferred, Illinois Steel, from to
| 3fA each; Burlington, Pittsburg Cincn-
natl, Chicago and st. Louis, Chicago Gas.
Missouri Pacific, Reading first preferred,
| Illinois Central, Northwestern and other
| prominent stock, from 2 to 2k, the latter
in Burlington, as being largely affected
| by the Nebraska maximum freight law.
st. Paul was quite notably firm, on Lon
don buying, and a number of other stocks
were also bought steadily for London ac-
count, at the decline. Sugar was very
| active throughout the day, and was quite
sensitive to attack. Detroit Gas was a
notable exception in the weakness of the
list, showing a gain of 71a points Cotton
OH gained 2A net. Bonds were weak, in
sympathy with stocks, but steady later
in the day. Total sales, $1,550,O0O The
sales Of stocks to-day were AT, 800 shares.
New York Closing Stocks.