The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-20

| III bid 173 asked: Southwestern, "a bid IS
asked; Atlanta and West Point stock.
l0S bid, 100 asked Atlanta and West
| point per cent. certificates, 102 bid, 1924
asked; Savannah Construction Company,
| 81 bid, 20 asked
Gas Stocks-Savannah Gas Light Stock.
p bid, 221s asked Electric Light and Pow
er Company. Sc bid. SIS asked.
Bank Stocks Etc.-Citizens Bank. 1894
bid, ll01s asked; Chatham bank. 49, bid 44l2
asked; Germania Bank, 10Slk bid. 1924
asked; Merchants National Bank. 81 bid,
| IS asked; National Bank of Savannah,
1 1855 bid,12 asked; Oglethorpe Savings and
| Trust Company, 103 bid, 104 asked; South
ern Bank of the State of Georgia, 1873 bid.
| l55 asked; Savannah Bank and Trust
| Company, 101 bid, 102 asked; Chatham Real
| Estate and Improvement Company, A, 551a
| bid. 5619 asked; b, 5415 bid IS asked; Peo-
pies Savings and Loan Company, SO bid,
| 81 asked.
Factory Bonds-Augusta Factory ss, 1O1
| bid, 102 asked; Enterprise Factory 6s 100
bid, 1O1 asked; Eagle and Phenix Manu-.
| featuring Company & per cent. bonds, 40
| bid, ~ asked; Sibley Manufacturing Com
| pany IS, 1O1 bid. 1O2 asked
Factory Stocks-Savannah Cotton Fac
| tory, - bid, Is asked; Augusta Factory,
| so bid, SO asked; GranitevilIe Factory. 145
bid, 151 asked; Langley Factory 104 bid,
| 1854 asked; Enterprise Factory, common,
| SO bid. 90 asked; J. II. King Manufacture
| ing Company, 10i bid 105 asked; Sibley
Manufacturing Company, 70 bid, rs asked;
| Savannah Brewing Company, so bid, IS
| asked.
New York, Oct. 19.-Money on call was
| easy at 2G2Ia per cent, the last loan was
| 2l2 per cent, and closed at 2A021a per
| cent. Prime mercantile paper. 4d4ls per
cent Sterling exchange firm, with actual
| business in bankers bills a S4S4la for de-
! mand and at $3.50. S2i4 for sixty days
TOD M 4 Il
mercial bills, 1881 liver certificates
58%c. Mexican dollars, 44&c. Government
| bonds were irregular. State bonds were
| duh. Railroad bonds strong.
New York, Oct 17.-EVening Posts Lon
don financial cablegram says: The stock
| markets were dull to-day except Ameri-
| cans, which were better on the New York
| lead but the sales were few To-day S
| sale by the Bank of England of eagles at
| tracts attention. the withdrawal though
| small, being the first since the price of ca
| giles was raised. The Paris bourse was
better after dullness and the Berlin market
| was quiet"
New York. Oct 19.-The undertone of
to-day's market was one of strength
| throughout. The volume of transactions
| were large and there were prolonged peri
| DDS of dizziness, when trading was practi-
| cally stagnant, but the operations of i'm
| portant interests, which were prominent
/
! The tone of yesterdays market had ap-
parently determined large professional OPP
| orators to undertake a movement for a
rise to-day. The break in the price of
! Pullman due to the news of the death Of
the head of the company. halted the ops
erations of this element for time but
! the firmness of the general list in face of
| the break in Pullman and of marked
weakness in Chicago Gas and the strong
support which was offered the Pullman
| stock encouraged the bull operators to re,
new their campaign in an aggressive way
late in the afternoon. The result was the
shorts were driven to cover and prices
| throughout the list mounted strongly up
ward to a point materially above last
| nights close.
The strength of the market developed
| first in the Nanderbilts. Michigan Cen
| trail was the sensational feature in the
group, with a jump of 51s points, but near
| ~ all of these properties, including North
| west and Omaha, were quite buoyant and
closed with net gains of to points. Sugar
and Chicago Gas ranged over nearly 3
! points, and the covering of shorts in
| these stocks on the rise was an import
ant element in the strength of the mar
ket. Dealings in Pullman were on a very
| large scale, and over range of IA points.
| IN estimating the significance of this
| movement it is to be considered that the
stock jumped yesterday 324 points on d
| aUeCiS
| an investment stock
The close tonight is only half a point
| below the price ruling before Yesterdays
| sale. MI the news of the day continued
| favorable, railroad earnings contin-
ing TO show improvement. Louisville
was notable exception with decrease
| in earnings of $500 for the second week
| in October due to continued interruption
| by yellow fever guarantees. London con
tinued to be a good buyer in the New
| York market, and in fact offered the prin-
! cipal support during the early trading. The
| exchange market showed a distinctiVely
| tirmer tendency though the only an
! 1ouncement of gold from Europe was of
| the withdrawal for shipment to the Unit
ed States OF $325,OO0 in gold from the Bank
of England. Gold, however, is in transit
| from Australia to San Francisco The
| local money market continued easy ana
| outside banks continued to take a large
| amount of commercial paper in this mar
! ket.
feature Of the bond market was the
| sale of two blocks of $685. 600 and 100000
respectively. of Union Pacific collateral
| 6s at unchanged prices
Dealings in bonds were not on a large
scale, but prices generally showed inn
provement. The total sales amounted TO
&,65OGe0. United States new As, registered.
advanced Is bid, and the 5s declined 4.
The total sales of stock to-day were ISL
| 300 shares.
New York Closing Stocks.
Atchison ....... IA ST. Paul ann. 9475
do pref ....... S0A do do pref -. 1884,
b. d Ohio ....... 15ASt. p. & Om..... so
Can. Southern 56A do do pref 142
| Can Pacific -. 50 st. p. M. & NJ. .121
! Central Pacific II S. Pacific ....... 20
c. & Ohio $50. 217s s. Railway 10ss
c. G. Alton .....162 do do pref 80. $685.
! c., b. & o.. 951stT. & Pacific..... liz
| c. & E. Illinois 81 U. Pacific 21s.
! @ G. @ g ST r. 261L IN ID n E. n ~