The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-29
CHE MORNING NEWS: WEDNESDAY, SEPTEMBER 30 1897


| ll5 asked; Georgia Southern and Florida,
new 5s, 9S12 bid. 1912 asked South Georgia
| and Florida first mortgage Is, l02Is bid
| lO3l2 asked; South Georgia and Florida
second mortgage rs, 1O2 bid, 1903 asked;
| Ocean Steamship per cent. bonds 1926
| 1OS bid, 105 asked; City and Suburban rail-
/ road first mortgage Z per cent. bonds, 50
| bid, 81 asked; Alabama Midland per cent
| Endorsed, IS bid, 81 asked; Brunswick and
/ Western As, 65 bid, 20 asked; South Bound
railroad SIS, So bid, 20 asked; Southern Rail
| way 5s 9Sl@ bid, 94I5 asked Georgia and
Alabama first preferred 5s, 103 bid, 104
! asked; Georgia and Alabama first consols,
] 50 bid. SO asked.
Railroad Stocks-Augusta and Savan-
nah, "a bid, 50 asked; Georgia common.
! III bid, 173 asked: Southwestern, 9t bid, %
| asked; Atlanta and West Point stock, 102ia
bid, 1884, asked; Atlanta and West Point
6 per cent certificates. 102 bid 103 ask
| ed; Savannah Construction Company, 6
| bid, 6S asked.
Gas Stocks-Savannah Gas Light Stock.
| 22l2 bid, % asked; Electric Light and Pow
| er Company So bid, - asked.
Bank Stocks. Etc.-Citizens Bank. 1891
| bid, - asked; Chatham Bank, 42Ia bid, 43
asked; Germania Bank, 1882 bid 1924
| asked; Merchants National Bank So bid,
| S7l2 asked; National Bank of Savannah,
! 125 bid, 126 asked; Ogletnorpe Savings and
Trust Company, 1OS bid, 104 asked South
| ern Bank of the State of Georgia 1853 bid,
l55 asked; Savannah Bank and Trust
| Company, 100 bid, 102 asked; Chatham Real
Estate and Improvement Company, A, So
bid Sc asked; B, 541a bid So asked Peo-
! pies Savings and Loan Company, 80 bid,
| 81 asked.
Factory Bonds-Augusta Factory 6s 101
bid, 1O2 asked; Enterprise Factory 6s, 100
bid, 101 asked; Eagle and Phenix Manu-
featuring Company 6 per cent. bonds. 40
| bid, AZ asked; Sibley Manufacturing Com
| pany 6s, 101 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
! tory, = bid % asked; Augusta Factory,
| so bid, So asked: Graniteville Factory. 145
| bid, 151 asked; Langley Factory, 104 bid
1854 asked; Enterprise Factory, common,
| 90 bid. SO asked j. R. King Manufacture
ing Company 14 bid. 1O5 asked; Sibley
Manufacturing Company. 70 bid 76 ask
ed; Savannah Brewing Company, bid, So
| asked
/ New York Sept. 2S-Money on call was
| steady at 213Q3 per cent; the last loan
was at per cent, closed 21A63 per cent.
Prime mercantile paper, 41aG5 per cent.
| Sterling exchange steady, with actual
! business in bankers bills at 81. S5G4 S5i4
| for demand and at S4S2% 4.S3 for sixty
days; posted rates, ST. SSl5G4.S 81 and 81. S69
1869; commercial bills, $4.S11a. Silver GER
| tificates, 5412056lac. Ear silver, 5412c; Next
| can dollars, 421ac. Government bonds were
firm; state bonds were dull; railroad bonds
| were weak
New York, Sept. 2S.-The Evening Posts
London financial cabegram says: "The
| stock markets were quiet to-day, again
being confined to the arrangement of the
| account at the settlement but the tone
| was better than for some time past, and
the markets looking generally healthy.
The rise in investment stocks is due to
the indefinite idea that money may not
get much dearer SIX months English
treasury bills for f2,0G00G0 were allotted to-
!
assisted this notion of easier money. Con-
tangoes on Americans were 49, to 4 per
cent. The account was not specially
large The tone was good and there
was a disposition hereto deal for the new
account but the New York selling to-
night surprised and discouraged the oper-
atOrs, and prices closed weak. Canada
Pacifcs were specially strong, as were
also grand trunks. Mines were distinctly
| better. Unless something unforeseen iOc-
| ours, the new accounts bid TO be fairly
active in most markets. Bar gold was
| offered to-day as low as IT'S 10Ad per
ounce, but too much stress must not be
laid on this decline, as there are no buy
ers or sellers at the moment. The Paris
bourse was dull. The action of the gov
eminent in regard to silver is closely
watched there. The Berlin market was
steady.
New York. Sept. 2S.-To-day's market
and the total volume of transactions as
low as that of yesterday, and was smaller
than for many months, the total sales
numbering about 10000 shares. 1t be-
came evident that yesterdays dizziness
could not be ascribed to the Jewish New
Year holiday 1t is in fact obvious that
the large buying interest, which has been
so powerful factor in the recent bull
movement, has retired from the field for
time and the orders through commission
houses, the medium through which the
public at large operates, have shown
corresponding falling off.
There are some who believe that the
large bull operators have already lquidat-
ed their holdings, and taken their profits.
Certain it is that there is no evidence in
to-days market of any heavy offerings of
long stock. The recent conspicuous bulls,
nevertheless, seemed to acquiesce and
offered little opposition to the bears.
Practically all of the professional room
traders have turned bears and their sell
ing is called short selling. Their most Wig
orous attack to-day was directed against
the coalers, on the assertion that the An
thracite companies have been exceeding
the allotted output and that there was
no increase in demand that made any adj
vance in theN price of coal likely. Some
of the prominent Industrials and the
Changers were also under pressure. What
ever spurts of activity were shown during
the day were on downward course of
prices, and any steadying of the market
or recovery brought intense dullness, tndi-
eating the weak undertone. Conditions,
nevertheless, all continued favorable as
pointing TO a further increase in real val
ues of property. Railroad earnings all
continued to show Improvement.
London sent higher prices at the opening
and was a buyer of stocks all day pre-
sumably to meet the settlement which was
in progress there. The report that the
government had assented TO the forecos-
ure of the Union Pacific on the terms pro-
posed by the reorganization committee
with only slight modification, created a
demand for the stock of that company and
served to steady the list generally to
some extent. The development of interest
in the money situation was hardening
tendency of domestic exchange on New
York at some western centers, indicating
some relaxation of the drain on New York
money reserve. Local money rates, how
ever, continued firm and foreign exchange |
steady. This steadiness of foreign ex-
change is attributed TO the covering of |
recent gold importations at San Francis