The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-03

Columbia
and Augusta second mortgage Is, 113 bid
115 asked; Georgia Southern and Florida
new IS, 80 bid 100 asked; South Georgia &
Florida first mortgage Is 1921 bid 1884,
asked; South Georgia and Florida second
mortgage rs, l02 bid, 103 asked; Ocean
Steamship per cent. bonds, 1926, 1O4 bid,
los asked; City and Suburban railroad first
mortgage per cent bonds, so bid, 50 ask
ed; Alabama Midland per cent. Endorsed,
IS bid, 80 asked; Brunswick and Western
As, Is bid, 20 asked; South Bound railroad
5s, - bid, 20 asked; Southern railway 5s
"a bid 95 asked; Georgia and Alabama
first preferred 5s, 1929 bid, 103 asked and
interest; Georgia and Alabama first con-
soils. so bid. 81 asked.
Railroad Stocks-Augusta and Savan-
nah, 80 bid. 96 asked; Georgia common,
165 bid, 16S asked; Southwestern. 94h bid
95A asked; Atlanta and West Point r. r.
stock, 1902 bid, 1903 asked Atlanta and West
Point per cent. certificates, 102 bid, 1903
| asked; Savannah Construction Company,
s. bid, IS asked.
Gas Stocks-Savannah Gas Light stock.
| % bid % asked; Electric Light and Power
| Company, So bid, 60 asked
| Bank Stocks. Etc.-Citizens Bank, 1921
| bid, asked: Chatham Bank 42I5 bid,
| 4312 asked; Germania Bank 1909 bid, ITO
| asked; Merchants National Bank, S515 bid
| STE asked; National Bank of Savannah,
| 125 bid, 126 asked; Oglethorpe Savings and
| Trust Company, 103 bid, 104 asked; South
ern Bank of the State of Georgia, 152 bid.
| 155 asked; Savannah Bank and Trust
| Company, 100 bid. - asked: Chatham Real
Estate and Improvement Company A, So
| bid, Sc asked; B. 5414 bid, 54a4 asked Peo-
| pies Savings and Loan Company, 80 bid,
- asked.
Factory Bonds-Augusta Factory IS. 1O1
bid. l02 asked; Enterprise Factory IS, 100
bid. 1O1 asked Eagle and Phenix Manu-
| 40 e rNnrs I,,.1 d.
40 bid, AZ asked; Sibley Manufacturing
| Company 6s, 101 bid, 1872 asked.
Factory Stocks-Savannah Cotton Fac
| tory, bid, rs asked; Augusta Factory,
so bid. 50 asked Graniteville Factory, las
bid, Isl asked Langley Factory. 1O4 bid,
| 1854 asked; Enterprise Factory, common,
| SO bid, Sc asked ]. R. King Manufacture
ing Company 1O4 bid, 1O5 asked; Sibley
Manufacturing Company, 20 bid, 76 ask
ed; Savannah Brewing Company, - bid, So
! asked.
New York, Sept. Mooney on call was
easy at 1A@1A per cent; the last loan
| was at 112 per cent, and closed at 1AGlR
per cent. Prime mercantile paper. 3lad
AZ per cent. Sterling exchange firm with
actual business in bankers bills, 4.S5AG
4.S6 for demand, and $4S3% for sixty days
| Posted rates, $4.S4lk@4.S 5 10. Commerce al
bills, $4S21s. Silver certificates, 515sc Bar
| silver 519sc. Mexican dollars. Ale. Gov
|
were dull; railroad bonds were steady.
| New York, Sept. 2.-The Evening Post 5
London financial cablegram says: THE
stock market opened strong. pending the
| question of the Bank of England rate.
| When il was known that there was no
| change, the markets only rallied feebly.
| as the dealers would ra Their have prefer
red an immediate rise than deferred ac-
ton The best judges, however, indorse
| the banks decision, and see no need of an
| immediate rise. Kaffirs were steady. Ger
many had to make an immediate payment
| for imports Rubles We're scarce in Ber-
| lin, and constantly Instructions We're con-
| tributed TO London TO send gold. Amer
leans were dull early in the day, on the
| lower prices for some issues on the New
! York Stock Exchange, but they harden
! ed sharply az the close 1t is the market
belief that the rise will be renewed at an
| early date. Speculative buying here Keeps
mainly to the low priced shares. The Bank
| of England ends the half year with an
amount standing at rest account sufficient
ly TO pay dividend of per cent, against
| the Ar per cent. of last year.
| New York, Sept. 2-The character of to-
days stock market was very similar to
that of yesterday, individual stocks being
rushed to a high level to stimulate and
sustain the market while realizing was
effected in other parts of the list. The
Vanderbilt stocks were selected to-day for
manipulation and the price of each mem
Der of the group was successfully raised
while in the stocks recently favorites in
the speculation have offerings, were made
to realize.
The success of these tactics is shown by
the small decline in the general list. The
manipulation for rise was not in evidence
at the opening, Sugar being subjected to a
raid which carried it down nearly points.
Omaha also opened points below last
nights close, and Missouri Pacific was
down nearly a point. Later i'm the day
northwest was taken in hand and rushed
up to 12712, jump of points. Other ad-
vances in the Vanderbilt group were: Can
ada Northern, AZ to go,
Cleveland, Cincinnati. Chicago,
and ST Louis 3k to 40: Michigan Central,
224 to no. New York Central 15s to 1l015.
and the New York, Chicago and St. Louis
stocks, Jising nearly points, the first
preferred Az and the second preferred,
49, Cincinnati and Ohio benefited a frac-
ton, in sympathy, but as it is one of the
stocks which has been heavily bought in
the recent speculation. IL was subject to
pressure by realizing offerings. Coincident
with the buoyancy in the Vanderbilts the
Changers and the active railway list sank
to the lowest of the day. Later in the day
these stocks recovered somewhat from the
lowest, and the Vanderbilt stocks. except
New York Central, declined very mater
tally from the highest. There were other
stocks which showed special strength all
through the list, especially among the in
duslrials Chicago Gas touched 1853
new high record. but reacted a point. Pa
cific Mail rose pa, but reacted q, Western
Union also was strong.
The total sales OF stocks to-day were 619.-
GA shares, including Cincinnati and Ohio,
1880; Chicago, Burlington and Quincy.
1895; Cleveland, Cincinnati. Chi
cago and ST. Louis $3.50; Louisville
and Nashville. LAO; New York Central T.
7SO; Missouri Pacific. 1890; Northern Pa
cific preferred $3.50; Chicago Northwest
ern. % i5O Reading, 1880; Rock Island,
16,22O; st. Paul 5O,12O; St. Paul and Ohio,
1880; Southern Railway. GOD; DO PREFER
ed, SS25; Texas and Pacific, $3.50; American
Cotton OH 1880; American Tobacco, 2i,240;
Bay State Gas. 1880; Chicago, 2i77O; Gem
eral Electric. 1875; Lead, 600; Pacific
Mail, $500; Sugar, 27,695; Tennessee Coal
and Iron, $500. Western Union, 1885.
There was some falling off IN activity in
the bond market but prices were steady.
The total sales were s2,7Oo.OO0. Government
bonds were steady; total sales, $4,000.
York Efoc1r