The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-14

III asked; Georgia Southern and Florida
new SIS. S6 bid, 81 asked South Georgia
and Florida first mortgage Is, 1021k bid
1881 asked; South Georgia and Florida
second mortgage rs, 10S bid, 105 asked;
Ocean Steamship per cent. bonds 1895,
los bid, 106 asked; City and Suburban rail-
road first mortgage per cent. bonds, "a
bid - asked Alabama Midland per cent.
indorsed = bid, So asked; Brunswick and
Western Is, IS bid, 7712 asked; South Bound
railroad 5s. g bid 70 asked: Southern Rail-
way So, 81 bid, 81 asked; Georgia and
Alabama first preferred 5s, 101 bid, 102
asked; Georgia and Alabama first consols.
70 bid. 50 asked.
Railroad Stocks-Augusta and Savan-
nan, "a bid, 94Ia asked: Georgia Common
172 bid, IT'S asked. Southwestern 9315 bid.
81 asked; Atlanta and West Point stock.
10S bid, 105 asked; Atlanta and West
point per cent. certincates. 102 bid, 1884
asked; Savannah Construction Company,
6S bid, IS asked.
Gas Stocks-Savannah Gas Light Stock,
81 bid, 2215 asked; Electric Light and Pow
err company, - bid, 60 asked.
Bank Stocks, Etc.-Citzens Bank, 109k
bid 1101a asked; Chatham Bank n bid 46
asked; Germania Bank. 100 bid. 10
asked; Merchants National Bank, SO bid,
80 asked; National Bank of Savannah,
l26 bid, = asked; Ogiethorpe Savings and
Trust Company, 104 bid, - Asked; South
ern Bank of the State of Georgia, 1853 bid,
155 asked Savannah Bank and Trust
Company. 1O1 bid. 102 asked; Chatham Real
Estate and improvement Company. A, IS
bid, 81 asked; B, SO bid. 551a asked; Peo-
pies Saving and Loan Company, sc bid, 80
asked.
Factory Bonds-Augusta Factory S. 1G1
bid, 102 asked; Enterprise Factory 6s, 100
bid, 101 asked; Eagle and Phenix Manu-
featuring Company per cent. bonds, 40
bid, AZ asked Sibley Manufacturing Com
pany 6s 101 bid 1O2 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid. Is asked Augusta Factory,
80 bid. SO asked; Graniteville Factory, las
bid, Isl asked; Langley Factory, 104 hid,
1854 asked; Enterprise Factory, common,
SO bid, 96 asked; ]. r. King Manufactur-
ing Company, 1N bid, 105 asked; Sibley
Manufacturing Company, 70 bid. rs asked;
Savannah Brewing Company, 80 bid, 81
asked.
New York, Nov. 13.-Money on call was
nominal at 1909 per cent. Prime mercan-
tile paper, S1zG41a per cent. Sterling ex-
change firm with actual business in bank
ers' bills at $4.851aQ4 S5% for demand, and
at "a. s2% for sixty days Posted rates
81. S31h and $4S51b Commercial bills, $4S2
G4S3s4 Bar silver, 5734c. Mexican dol
lars, 451sc State bonds were dull; rail-
road bonds were firm; government bonds
were firm.
New York, Nov. 1S.-The weekly bank
statement shows the following changes:
Surplus reserve, increase, $685. 925; loans,
increase, 81 2s1, 100; specie, increase. $780, 300
legal tenders, increase, $780, $50; deposits,
increase, $2,9SS,7OO; circulation, decrease,
$l7,500 The banks now hold 81. 705, $50 in
excess of the requirements of the % per
cent. rule.
New York, Nov 13.-The Evening Posts
London financial cablegram says: THE
stock markets were quiet but firm to-day
IL
fraction under the best. The broker who
is a bull en- Americans and whose finan-
cial difficulties were referred to in yester-
days cable, failed to-day. Money is dis
tinctly easier. This is partly due to the
release Of f250,OOo in Japanese money from
the Bank of England. There is distinct
increase in the amount of American bills
offered.
New York, Nov 13.-The bear element
was to-day wholly engaged in buying
stocks to cover short contracts over Sun
day, the general firmness in the tone of
the market admonishing them to protect
themselves Thus relieved, prices moved
quite uniformly upward.
There was no great animation to the
trading, but some of the buying was called
of a substantial sort. The Coalers con-
tinued to display strength on reports of a
pending agreement to restrict the output
and on the more seasonable weather. New
Jersey Central and Delaware Hudson each
rose points at one time, but both react
ed, the latter losing all of its gain. The
Changers also showing Rock Island being
especially strong. The buying of these
stocks was partly in anticipation of fav-
orable decision by the supreme court on
Monday in the Nebraska freight rate
case. The days gains in this group of
stocks are near point. Sugar made
further progress towards recovery and
.
close, its net gain being IA per cent This
stock again absorbed about one-third of
the days total transaction, with sales of
over 5000 shares. Rock Island was the
only other stock on the list to show sales
of over 10000 shares.
The bank statement created little i'm
preston as 1t indicated no substantial
change in the money market. NotWith-
standing sharp reactions on Monday and
again on Thursday, the level of prices for
stocks is substantially higher than it was
a week ago, and net gains are over per
cent. in large number of the leading rail-
road shares.
The Industrial shares, notably Consoli-
dated Gas and Sugar, have not done so
well and the former is 81 points lower.
Sugar shows a net decline of rs, which
is recovery of 37s from the lowest of the
week.
The recoveries shown in the general list
are the more noteworthy, in view of the
activity and weakness of Sugar. The Coal
ers were also quit conspicuous features,
breaking heavily on Monday, on reports
of reproduction and price-cutting and
the continued mild weather, with small
demand. On Wednesday came the decision
of the appellate division of New York SUI
preme court, affirming the decision of a
lower court that the attorney generals
petition was insufficient to warrant an or
der for the presidents of the coal COM
panies to appear before a referee for
hearing under the antitrust law of the
state. The impression prevailed in Wall
street through Wednesday that the courts
decision had been that the antitrust law
was unconstitutional, thus overthrowing
the law as a whole.
This law was directed not only against
the coal companies, but also against the
great industrial aggregations of capital
and the stocks of all these corporate in
stitutions mounted strongly upward in
price on news of the decision. Much stress
has been laid also upon the decision Of
the supreme court of the United States,
delivered last Monday, which denies the
right of the interstate commerce COM
mission to enforce rates absolutely under
the long and short haul, where water rates
are in competition.