The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-08-13

Light and Power Company, s. bid. 60
asked. w
| Bank Stocks, Etc.-Citizens Bank. 1oSi5
nld lV912 asked ;Chatham Bank, 49, bid Az
/ asked: Germania Bank, 107 bid los asked
Merchants National Bank, S. bid. S61b ask.
ed; National Bank Of Savannah. 124 bid.
! = asked; Oglethorpe Savings and Trust
| Company, 1031a bid, asked; Southern
Bank of the State of Georgia, $50 bid -
asked; Savannah Bank and Trust Com
! pany, 100 bid, asked: Chatham Real
! Estate and Improvement Company. A 81
! bid. - asked; 3. 54i4 bid, asked: Peo-
| pies Savings and Loan Company, 90 bid,
| - asked.
Factory Bonds-Augusta Factory IS, 1O1
| bid 1O2 asked; Enterprise Factory s. 100
bid 10l asked; Eagle ard Phenix Manu-
! featuring Company 6 per cent. bonds, 40
bid, a. asked; Sibley Manufacturing Com
pany 6s. 1Ol bid. 1902 asked.
Factory Stocks--Savannah Cotton Fac
| tory. 49, bid, % asked; Augusta Factory,
! 50 bid, SO asked; Granitevllle Factory, 145
! bid Isl asked; Langley Factory, 1914 bid,
1854 asked; Enterprise Factory common,
W bid 96 asked; ]. r. King Manufacturing
| company, lO4 BID. l05 asked; Sibley Manu-
| featuring Company 70 bid, rs asked Sa-
| vannah Brewing COMPANY. - bid IS asked
New York, Aug. 12-Money on cal was
easy at ld1h per cent; the last loan was
! at / per cent, and at the closing was Of
| fered al per cent. Prime mercantile pa
! per S%@4 per cent Sterling exchange easy
! with actual business in bankers bills at
| S4sos3@4S5i9 for demand and at S4S324j1
48i for sixty days. Posted rates, S4 S4lhGD
! 466 and $85laG4Sl Commercial bills,
| S483. Silver certificates, 55c Bar silver.
| 5o34c. Mexican dollars 4215c Govern
| ihent bonds were hrm; state bonds were
/ Gull, railroad bonds were strong
| New York, Aug, 12,--The Evening POST
London financial cablegram: THE bust
ness in the stock markets here to-day was
| entirely centered in Americans. in which
| the dealings were enormous The slight
| rise in New York exchange was offset
by a rise in the price of coin Prices clos
| co partially at the best, but animated
street dealings are still proceeding. The
! position here in Americans is peculiar.
! Berlin IS undoubtedly buying largely. 1t
| IS equally certain that the English pub
he IS also buying freely. but-and here
comes the pecullarity-it is apparently a
| new puOnc, and, side by side with the
! lresh buying, extensive sales are made
/ by those who have been waiting for years
! 70 get returns. 1t is difficult to say.
| therefore, whether sales or Durebass s
| nave predomnated here-proba bly the la
| ter to-day. kaftirs We're weak. due to an
| interruption of the cable service and the
| diversion OF attention TO Americans Gold
was in strong demand, but there were no
| more Withdrawals from the bank The
|
| close was flat, apparently, mines had been
bought too freely there. The Berlin mar
| ket was cheerful"
| New York, Aug. 12.-The volume of deal
| ings on the Stock Exchange to-day came
| near the high water mark of last Monday.
transactions footing up 743OO0 shares, as
| compared with $4,000 shares on Monday
1t was rampant market all through. ana
| the most striking feature of il was the
| assured touch with which number Of
| long Dared and almost forgotten stocks
| were bought out to the light of dav ana
| a very noticeable degree of animation m
| stalled in the list. The opening showed
| lively speculation in Union Pacific sttll
| undated with no special news to account
! Tor ii. The price jumped to 145k as com
! pared with last night close at y. IN the
| first few minutes trading, but did nor
| hold at tie high point, owing to very live
| ~ selling Tor London account. Sales were
| nearly JJQ00 shalCs
| The excitement IN the wheat market
| accompanying the continued rise in
! wheat, was still the predominant factor
| IN the stock market and helped to carry
up most OF the grain carrying roads a
| point or over Chicago Great Western was
| an exception, ana Jagged all day recedin q
quite Sharply on profit taking Northern
| Pacific preferred. after a substantial gain.
| scored sharp loss at the close. on the
announcement of the changes i'm eXeeut We
| officers ana the emphatic statement ac-
! companying 1t. that the road would con-
tinue TO be operated as an independent
| property.
There were heavy realizing sales al day
In great many stocks. and such sales
were the decisive influence in a heavy
close. There was renewal of activity in
| the nigh priced industrials, notably Su-
gar Tobacco, and Chicago Gas. These
stocks made sharp rises at one time dur
ing he day, Sugar touching "A new high
| price record 1885, but all suff sred keenly
from reaction and were an adverse in
huence in the market
Statements Of railway earnings contin-
ued favorable, notably Louisville and
Nashville, which showed an increase In
earnings for the first week in August of
$6l ,Sl5 Chesapeake and Ohio, with an in
crease Of 1919. All of these stocks en-
joyed special benefit from these state
ments.
London continued TO sell stocks here
and 60 be ignored IN the effect. Sterling
exchange and more notably continental
exchange, continues 20 show weakness
and TO 90 lower.
The following are some OF the sIgnl0-
cant changes IN the days trading: At
lantic and Pacific was advanced from r.
the quotation ruling for a long time past
10 IL on sales Of 6.0C0i Brunswick Mining
Company from l3s TO pa Colorado Coal
and Iron Development Company from
20 3; Baltimore and Ohio from pa 20 l7:
Southwestern preferred from 81, 10 Gth:
Hooking valley from 30 20 o.: Central
Pacific. llis TO u; North American from
5ia 70 g, on sales OF 1900. Quicksilver
preferred from 10 1913, Union Pacific
from 4M TO "a. CO sales a. over 1900.
Wheeling and Lake Er from lai 70 qa..
on sales OF 5000 shares. and go on with
other neg. ccted low priced shares ln
less noteworthy degree.
Net gains were the rue Oh tho active
list though the humher 81 prominent
stocks IN which the gam attained point
is small. Many less active stocka chow
larger gains. extending w To- ca per cent.
There were fractional losses JOB BROOKLYN
Transit Chicago Great Wertlrn. New
York Central. Omaha Tenncaeoc Goa.
AID Leather shares u inos steel declined
3 points.
T'io total sales ~ stocks to-day wore
~ 500 shares. IncllfinT Afclis0n 200.
AtcAFon preferred. $3.50, Baltimore and
Ohio. i12-U chaFaprnkc and Oslo 5000.
EHffnrt1n 1ia20i Ere nfsf uref.uol
trg Hooking valley 6ozl L0u..u D. nrI