The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-29

asked; Savannah CONSTRUCTION Company,
65 bid, Is asked.
Gas stocks-savannah Gas Light Stock.
q bid, 2212 asked; Electric Light and Pow
er Company 81 bid, 60 asked.
Bank Stocks, Etc.-Citizens Bank, 1922
bid 1101h asked; Chatham Bank, As bid, 46
asked; Germania Bank, 100 bid, no
asked; Merchants National Bank, 9ll2 bid,
92 asked; National Bank of Savannah,
1875 bid, 127 asked; Oglethorpe Savings and
Trust Company, 1O4 bid, 1O5 asked; South
ern Bank of the State of Georgia, l5S bid,
155 asked; Savannah Bank and Trust
Company, 101 bid 102 asked; Chatham Real
Estate and Improvement Company A, 551s
bid 561a asked; B. 5415 bid 55 asked; Peo-
pies Savings and Loan Company, "a bid,
So asked
Factory Bonds-Augusta Factory IS, 10l
bid. 102 asked; Enterprise Factory IS, 100
bid, 101 asked; Eagle and Phenix Manu-
featuring Company per cent. bonds ~
bid, ~ asked; Sibley Manufacturing Com
pany Is, 101 bid, 1902 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, 10 asked; Augusta Factory
so bid. SO asked; Graniteville Factory, l4o
bid, Isl asked; Langley Factory lO4 bid
1851 asked; Enterprise Factory, common,
90 bid sc asked; J. n. King Manufacture
ing Company, 104 bid. 105 asked; Sibley
Manufacturing Company, 10 bid, rs asked;
Savannah Brewing Company, 50 DID, "
asked.
New York, Oct. 2S-Money on call was
easy at HAP per cent. the last loan was
at per cent. and closed 112d2 per cent;
prime mercantile paper, 3%@412c. STERLING
exchange, steady, with actual business IN
bankers bills at $4S5Q4S5A FOR demand
and a. S21l al $685. for sixty days. CONNER
cial bills $4S1G4811a Bar silver $3.50.
Mexican dollars, 45c. Government bonds
were firm. State bonds were duh Railroad
bonds were heavy
New York, Oct. 2s.-Evening Posts
financial cablegram: To-day the market
was quiet, with irregular movements.
Consols and kindred stocks were better.
Americans and Canadian Pacifcs opened
fat, but recovered before the New York
prices arrived, partly on more cheerful
statements of theoCuban question and
partly on genuine purchases here. There
was further recovery later, but the close
was at a fraction under the best. KAT
frs were better again, and Brazils were
| weak.
THE Paris and Berlin markets were
firm. Taxes have been coming largely
during the week; therefore the decrease
of 1894 600 In public deposits and the de-
crease of Fl 1856 900 in government securl-
ties, show in the weekly statement of this
Bank of England, mainly signifies that
the government has repaid the bank the
amount borrowed on the deficiency bills
previous to the disbursement of dividends
on the 5th of this month. The reserve Is
up f612, 600 Details of gold for this week
are 100000 from the cape, $4,000 in eagles
and 10000 in sovereigns for the continent
To-day the market has borrowed a fur
Their small amount from the bank, but
the bank also has repaid a certain amount
to the market of the total borrowed early
in the month";
New York, Oct. 2S.-To-day's stock mar
ket was exclusively in the hands of the
professional traders, and contained moth
ing of significance in Its bearing on the
general condition of the country The
market was inactive and the movement of
prices was sluggish. Trading was almost
stagnant at times The traders did the
best they could to influence prices by
manipulatiye buying and selling and by
dissemination, as news or rumors of their
respective hopes and fears. The only re-
Spouse of any moment was shown in
special cases, with slight sentimental
effect on the general list, but the profess
SIGNALS were unable to induce any follow
ing, and in meeting their earlier contracts,
carried prices back to near the starting
point.
One of the special stocks affected was
Pacific Mail, which declined at one time,
"a per cent on account of the decline in
the earnings shown by it's September
statement. The stock recovered to within
a fraction of last nights close.
Sugar, after a substantial gain, fell 2lz
points, but also recovered to a net de-
cline of a fraction.
The Coalers were weak on the unsatis-
factory condition of trade. Their net
losses were a point or over.
The grain carrying roads on the other
hand displayed frmness. which was prin-
cipally due to roseate forecasts of the Sep
TENDER earnings of Burlington, the state
ment of which is yet to be published, BY
reason of this influence railroads generally
are a fraction higher. except some south
ern roads and the coalers, while the In
dustrials and speclalties are generally
lower.
There was still some disposition to adj
vance fears of the Cuban question as a
motive for the selling. Union Pacific was
less active and was uncertain In It's move
ment on account of doubts of just what
changes in the plans of the reorganiza-
ton committee are involved in the advanc-
ed bid to the government This doubt APP
plies not only to the plan of financing the
new company, but to the ultimate dispo-
sition of the Kansas division, which the
committee processes itself willing TO re-
linquish to the government, so far as the
subsidized portion Is concerned. The stock
closed &c higher.
The arrangements for the payment to
the government and for, the government
payment of bonds coming due on Jan.
are looked forward TO with interest for
their effect on the money market II is
believed that one Will be timed TO offset
the other as far as possible, so as not
to take large amount of money
out of the market The :osum to be
paid to the government will considerably
exceed that to be paid out on this ac-
count. but the continued excess Of dis
bursements over receipts In the daily oper-
atoms of the treasury will help to make
this supply up. 1t Is believed that any
marked effect on the cost of money will
thus be avoided
Central Of Georgia second incomes de-
clned 17s and the third incomes q point
Kansas and Texas issues were weak
Dealings in bonds were not on a large
aca-a. Tnial aalee 81 $50 ON Irniled $780,