The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-18

bonds, 1l412 bid 11512 asked;
Central of Georgia railway first CONSOLE
Central of Georgia Railway First
preferred incomes, ssh bid, S95k asked;
Central or Georgia railway, Sec
ond preferred incomes, 1914 bid, 1872 asked;
asked; Central of Georgia railway third
preferred incomes, 724 bid, 9 asked; Geor-
gia railroad 6s. 1910. 1854 bid. III asked;
Charlotte, Columbia and Augusta first IS.
100 bid, 10 asked; Charlotte. Columbia
| and Augusta second mortgage Is, ll6 bid,
| III asked; Georgia Southern and Florida
new 5s, 96 bid 81 asked; South Georgia
| and Florida first mortgage Is, 1925 bid
| 1854 asked; South Georgia and Florida
| second mortgage rs, 1O3 bid, 105 asked;
| Ocean Steamship per cent. bonds, 1896,
| los bid, LOG asked; City and Suburban rail-
| road first mortgage 7 per cent. bonds "a
| bid - asked; Alabama Midland per cent.
| indorsed - bid, IS asked; Brunswick and
Western As, rs bid, TN asked; South Bound
| railroad 5s. 65 bid. 20 asked: Southern Rail-
way 5s, 81 bid 80 asked; Georgia and
Alabama first preferred 5s, 1O1 bid, 1902
| asked; Georgia and Alabama first consols,
| 70 bid, so asked.
Railroad Stocks-Augusta and Savan-
nan, 81 bid, 941a asked Georgia Common
| 172 bid, IT'S asked; Southwestern 931b bid,
| 81 asked; Atlanta and West Point stock,
| 103 bid, 105 asked; Atlanta and West
| point per cent. certificates. 102 bid, 1924
| CONSTRUCTION v.
| 63 bid, IS asked.
Gas Stocks-Savannah Gas Light Stock,
81 bid 2216 asked: Electric Light and Pow
| er company, - bid, 90 asked.
Bank Stocks, Etc.-Citizens Bank 109l5
bid, 1101a asked Chatham Bank "A bid, 46
asked; Germania Bank. 100 bid. 10
| asked; Merchants National Bank S91a bid,
| 9O1A asked; National Bank of Savannah,
1926 bid, - asked Oglethorpe Savings and
| Trust Company, 104 bid, - Asked; South
| ern Bank of the State of Georgia, 1853 bid,
| 15S asked; Savannah Bank and Trust
| Company, 101 bid. 102 asked; Chatham Real
| Estate and Improvement Company, A, IS
| bid 81 asked; B. S. bid 551s asked; Peo-
| pies Saving and Loan Company, 96 bid SO
asked.
Factory Bonds-Augusta Factory 6s 101
bid 102 asked; Enterprise Factory 6s 100
bid 1O1 asked; Eagle and Phenix Manu-
featuring Company per cent. bonds, 40
bid, AZ asked; Sibley Manufacturing Com
pany IS, 1O1 bid, 102 asked
Factory Stocks-Savannah Cotton Fac
tory - bid, Is asked; Augusta Factory,
| so bid SO asked; Graniteville Factory, 145
| bid, 151 asked; Langley Factory, 104 hid,
| 1854 asked; Enterprise Factory, common.
| SO bid. Sc asked: J. r. King Manufacture
ing Company, 14 bid 105 asked; Sibley
Manufacturing Company, 70 bid. 76 asked;
| Savannah Brewing Company, S0la bid, SO
| asked.
new 1OFk, NOV II.-MOney OH Cdll
| steady, at 11sq2 per cent; last loan, per
cent; closed HOE per cent Prime mer
camille paper, 3RG41a per cent. Sterling
| exchange steady, at 81 S5A0l4 .S51a for de-
mand, and at s. 8234 for sixty days; posted
rates, A.S312 and $4.S675. Commercial bills
| $4.S2 Silver certificates, 5S4q591Ac. Bar
| silver, 5S3sc. Mexican dollars, 45I3c. Gov
eminent bonds were firm; state bonds
| were dull railroad bonds were firm.
New York, Nov. H.-Evening Posts
| London financial cablegram says: '"The
| stock markets were quietly steady to-
day. Investment stocks wefe firm. Amer
! leans were lifeless, there being no mi
tiative here and the close was weak. Many
inquiries have been made to-day after
! eagles by American houses, but it may be
| only for Germany. 1t is said that 10000
| pounds sterling in gold is going to Chilli
| Immediately in connection with the COM
| petion of the currency conversion. This
| is probably correct, but unusual mystery
| surrounds the operation, no one knowing
| whether the gold has yet to leave the
Bank of England, or whether it has al
ready been bought up in the open market
| Money rates are easy, but I learn that
| the bank has begun to borrow again
| which probably means a temporary re-
| covery in rates. The Paris and Berlin
| markets were quiet
| New York, Nov. 17.-Net declines to-day
were about the same as net gains were
| yesterday In the stock market. But the
! range of prices was little wider as there
was time during the day when they
were carried a fraction above yesterdays
! close. The extreme decline in some of the
| Changers, and the Coalers, is, therefore,
| somthing over a point
| Sugar ruled generally above last nights
| close, rising at one time IA. and this
| sustained the general market for a time
| Jump of 81 per cent in Consolidated
| Gas, was also on the side of sustained
| prices, but the eccentric movements of
| the stock have come to be practically dis
| regarded. Both of these stocks fell away
| to yesterdays level in the subsequent
| weakness. There was a lack of firmness
! in the price of st. Paul Notwithstanding
the increase of $147 600 in it's earnings for
the second week in November. The COM
| parison is with poor week last year and
was considered as showing he,recent high
rate Of earnings fully sustained.
The declaration of only the regular quar-
| terly dividend Of l per cent on Burlington
brought realizing sales in that stock and
| also served to weaken somewhat the
| Granger group. Southern and southwest
| ern stocks were comparatively firm on the
excellent second weeks statements of Mis-
| souri, Pacific, Wabash and Texas and
| Pacific and on the continued heavy cotton
movement in the south. Speculation, how
ever, was almost dead and the dealing In
| speculative stocks was confined entirely
| to room traders. Union Pacific was very
heavy in tone all day and lost IA net.
| This decline was coupled with a rise of
nearly points in the Kansas Pacific con-
sol bonds The bond market was much
more active, relatively, than stocks, and
the high-priced investment Issues were in
special demand, and show gains of from
l to points.
This tendency in the security market
was entirely consistent with the remarka-
bic ease in heimoney market. There is a
steady current of funds toward this CEN
ter and liquidations of loans with a very
limited demand for the money thus set
| free. 1t is now known that last weeks in
crease in loans of the New York banks
was more than accounted for by opera
tons for the account of Union Pacific.
Loans on other accounts showed an actual
decrease and the limited supply of COM
nercial paper offerings indicates that mer-
chants are not in need of funds a t pres
emit This is in part due to the easy collec-
tons all over the country, and to the large
| payment of outstanding Indebtedness
which have made money plentiful at in
terror points. But there is some appre-
| hansiOD tb1f NAV also no dua 70 fall