The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-04

q bid, 221a asked: Electric Light and Pow
er Company 81 bid, 60 asked.
Bank Stocks, Etc.-Citizens Bank, 1O9l5
bid, 1101a asked; Chatham Bank, 40 bid IS
asked; Germania Bank, ICE bid, 10
asked; Merchants National Bank. 9li bid,
80 asked; National Bank of Savannah.
126 bid - asked; Oglethorpe Savings and
Trust Company, 104 bid, - Asked; South
ern Bank of the State of Georgia, 1883 bid,
1855 asked; Savannah Bank and Trust
Company, 101 bid. l02 asked; Chatham Real
Estate and improvement Company, A; Sc
bid, 81 asked; b, So bid, 55is asked; Peo-
Piles Savings and Loan Company, 90 bid
100 asked.
Factory Bonds-Augusta Factory 6s, 1Ol
bid, 102 asked: Enterprise Factory IS, 100
featuring Company per cent. bonds, 40
bid. AZ asked; Sibley Manufacturing Com
pany Is. 1O1 bid, 1902 asked.
Factory Stocks-Savannah Cotton Fac
tory, bid, Is asked. Augusta Factory,
50 bid, So asked; Granitevilie Factory. 145
bid, ISL asked; Langley Factory, 104 bid,
1854 asked; Enterprise Factory, common,
80 bid. 96 asked; ]. r. King Manufactur-
ing Company, 104 bid, 1O5 asked; Sibey
Manufacturing Company, 70 bid rs asked;
Savannah Brewing Company, so bid, IS
asked.
New York Nov. 3-Money on call was
easy at 11aG2 per cent; last loan was at
cent Prime mercantile paper, S24G41s per
cent. Sterling exchange firm, with actual
business IN. bankers bills at SASSY for de-
mand and at $iS21a@4. s2% for so days;
posted rates, $4S51s and $i.S6d4.S6 Com
mercial bills, AS1%. Silver certificates, 81
G5Sl5c; bar silver, 5614c; Mexican dollars
1870. Government bonds were strong;
state bonds were dull; railroad bonds We're
weak.
New York, Nov S.-The Evening Posts
London financial cablegram says: THE
stock markets to-day were utterly stag
nant and featureless There was slight
disposition to raise Americans above the
New York parity, but the attempt was too
feeble to have any effect. The future OF
the market waits the New York lead
Money is a trife more plentiful because
the banks are discounting more freely. All
loans due to the Bank of England to-day
were repaid. l learn, however, that the
bank is again borrowing on consols, thus
indicating a continuance of the recent pol
Icy. The Paris bourse was quiet and the
Berlin market dull. A slight trouble in
banking circles in Berlin is rumored, but
l believe that it is nothing serious"
New York, Nov. 3.-lHeavy prices and
dull market were the conditions at the
Stock Exchange during the greater part
of the day, but in the later dealings
more active liquida ton set in and the
any time previously, prices falling to the
lowest of the day and remaining there
practically till the close. The low point
represented net declines running all the
way from 1 point to SIS the latter in Su-
gar. A great many prominent stocks lost
over 2 points ON the day, several of the
Changers and the Coalers being conspic-
uous in the list.
The prices for American securities quot
ed in the London market at the time of
the opening hour showed sharp declines,
and the later reports showed that the re-
suits of the elections yesterday had
aroused considerable unfavorable senti-
ment amongst security holders abroad.
This market took it's cue from the Lon
don market, and the opening showed de-
clnes rather in excess off some of those
reported from abroad. There was some
buying in this market at the lower level
for London account, but this probably rep
resented arbitrage operations to cover
sales made in London earlier in the day.
1t had the effect, however, of steadying
prices.
sensational jump of 10 points in Con-
| solidated Gas and gains of "a in Manhat-
| tan, and of the same amount in Metropol-
| itan Street railway also served to check
| any declining tendency. These gains were
| accompanied by rumors that the proper
! ties affected were assured of immunity
| from hurtful measures as a result of yes
terday's local elections 10 New York. That
| the gains were manipuiative was shown
by the fact that they were wiped out dur
ing the day in the case of the two last
named, and Consolida ted Gas reacted 6A
points.
Sugar was center of weakness all day,
| and it developed that this was due to a
prevalent rumor of the illness Of an Of
hcer of the company, which was used with
good effect by the bears. The stock fell
successfully SIS points, closing at the low
est
The Coalers were all very notably weak
in the latter part of the day, and their
net losses ranged all the way from 2 to
nearly points, the latter in New Jersey
Central Northwestern, Omaha, st. Paul
and Burlington also lost over points on
the day. The special weakness in the
coalers was caused by statements of the
continued unfavorable condition of the
coal trade The trading was largely con-
fined to the professional element, who are
bears for the time being, and who urged
that Yesterdays elections indicate growth
Of sentiment in favor of restrictions on
capital and corporations. The later de-
cline in the market dislodged some stop
orders, but the fact that the total sales
for the day were only about 10000 shares,
shows that the LIQUIDATION was not heavy.
Business in railway bonds was not on
a large SCALE but prices were weak, in
sympathy with stocks, Kansas Pacific
consols fell ia. Total sales, 81, 100000 The
total sales were 324,19O shares.
New York Closing Stocks.
Atchison .... 1874 do pref ........ 91aI
do pref -. 27%i st. Paul ........ 91sl
Bait. & Ohio :. 10 90 pref ...... 1891
Can. Pacific 7S5. ST. P. G. Oma =. TN
can. Southern ..5pS ST. P. M. & NJ. ..122
Cent. Pac. ...... 1874 90 PREF '....... 40
Ches. & Ohio =, 2ilsSSo' racine ....... 20
Chi n Alton 100 30. halfway 80. 9b