The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-28


asked National Bank of Savannah, l26
bid, l2S asked; Oglethorpe Savings ana
Trust Company 1922 bid, 1881 asked;
Southern Bank of the State of Georgia,
bid, l65 asked; Savannah Bank and
Trust Company. 100 bid, l01 asked; Chat
ham Real and Estate and Improvement
Company, A, 5S5s bid, 54 asked; B, 50 bid.
90 asked; Peoples Savings and Loan
Company, 81 bid, % asked, ex-div.
Factory Bonds-Augusta Factory Is, 100
bid, 1O2 asked; Enterprise Factory 6s. 101
bid, 1O2 asked; Eagle and Phenix Manu-
featuring Company. 6 per cent. bonds, 40
bid, 50 asked; Sibley Manufacturing Com
pany IS, 100 bid, 101 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, So asked; Augusta Factory. 50
bid, 81 asked, eX-div.; Graniteville Fac
tory las bid, Isl asked; Langley Factory,
JOB bid, 104 asked Enterprise Factory
common, 96 bid. 80 asked; j. r. King
Manufacturing Company, 1903 bid, 104 ask
ed Sibley Manufacturing Company, 10
bid rs asked; Savannah Brewing Com
pany, 80 bid s2 asked.
London, March 27.-Bar silver, 2Ss4d;
consols, Ill 15-16d for money and liz for
the account.
Paris. March q, 4SO p. m.-Three per
cent. rentes, 1O2 francs IS confines for the
account.
New York, March 27.--Money on call was
offered at per cent. Prime mercantile
paper, Sh per cent. Sterling exchange
steady, with actual business in bankers
bills, at S4S519q4.S5 for sixty days, and
$4S7q4.@A for demand. Posted rates,
$S61sd4SSl5 Commercial bills, S4S4A0
4.S5. Bar silver, 621ac. Government bonds
steady; state bonds duh; railroad bonds
weak. Silver at the board was neglected.
New York, March 2-The treasury ball
anees ran as follows: Coin. 1S0,950, ALB;
currency, $6S 6O6,ST7
New York. March 27.-The weekly state
ment of the associated banks shows the
following changes:
Reserve, increase .................,,$ 726,7I5
Loans, decrease .................... 1881 800
Specie, increase ........,............ 1852 700
Legal tenders, decrease........... 1897. 300
Deposits, decrease .................. 2,605,500
Circulation, decrease .......,...... l26' 100
The banks now hold $4S S22, $50 in excess
of the legal requirements
New York, March q, noon.-The stock
market was at the following quotations:
Erie ............. 10 Bait. & Ohio go. 1874
Northwestern 1864 Can. Southern. AZ
do pref ........14 St. Paul ....... 745s
Lake Shore ... 164 Rock Island ..... 6S
N. & w. pref. % Del & Hudson. 1O65s
West Union -. 1924 Del, L. & W..1a
So. Ry. COM. 81 Manhattan $50. 844
do pref ....... 257sl Mich. Central 49,. SO
Am. Sugar .... .110A N. Y Central. 9S
New York, March 27.-Speculation at the
Stock Exchange started off firm in tone,
| and the usually active issues rose 4 to q
per cent. The rally failed to stimulate
commission house business, and before II
| o'clock the bears resumed aggressive tao
/ tics. They sold the Western Railroads
| and Industrials vigorously, and finally sue
! ceeded in shaking out the weekly margin
! ed stocks all along the line. The heavi-
| ness of the market was due primarily to
/ the recent decision of the United States
| supreme court, which has led to the with
! drawal Of fifteen roads from the Western
| Freight Association, and to the belief that
/ roads in other associations will take SINH
4 lar action in the near future. Statements
| credited to certain senators and represen-
/ tatives that 1t will take fully two months
| to pass any legislation looking to the
! relief Of the roads also played directly into
| the hands of those operating for lower
! prices. The Industrials were adversely in
| fluenced by the circulation of unfavorable
| rumors. Tobacco broke on a vague report
! that the next dividend will be reduced.
! From all accounts, the company has been
enjoying large business of late, and the
| rumor is not generally credited. The di-
! rectors are to meet on Wednesday next.
! Sugar was heavy on statements that the
| Doscher people will go right ahead with
| the construction of their new refinery, and
Leather was depressed on rumors of losses
| through unfortunate speculations in the
raw product. The decline in prices ranged
from " TO "a per cent and every promi-
| nent stock on the list participated in the
/ downward movement. The important
| losses were Reading, Baltimore and Ohio,
| ~ to 1914; American Spirits preferred, 21s
! to 29la; Lake Shore, 2 to 1855; Colorado Fuel
| and Iron, to 10; Kansas and Texas pre-
ferred, rs to %: Tobacco, IL to 721a; Oma-
! ha, Ia to SIZE; New York Central, to 80;
| Sugar, rs to 110A Chicago Gas IA to
| &14; New Jersey Central 1ss to S5ss Read
| ing, Ia to 2l; Leather preferred, IA to
| 5519; Northern Pacific preferred. IL to
/ SS7s, and the other leading stocks y to 1
| per cent. Baltimore and Ohio was I'M
usually active and depressed on Balti-
/ more statements that the affairs of the
| company are approaching crisis. The
! bank statement has no influence on spec
| ulation The features of the exhibit were
an expansion in loans of 1881, 800, and a
| decrease in deposits. There was very little
| change in the amount of cash on hand
| Speculation closed heavy, with prices at
or near the lowest figures of the week
/ Net changes show losses of a to 21b per
cent Total sales were 113 1876 shares. in
Guiding 1920 Sugar. Il, 100 Burlington. 12.-
! 100 Tobacco, 1l,400 St. Paul and II 100
Leather preferred. The bond market was
easy. The sales footed up $3.50, 600.
| New York Stock List-Stocks and Bonds
at the Closing
Am. Cotton Oil. II ~, c. & st. L.. 67ib
Il ID