The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-17


West Point 6 per cent. certificates, 1929
bid 1881 asked; Savannah Construction
Company, 65 bid, 6S asked.
Gas Stoeks-Savaunah Gas Light stock,
22@s bid, % asked; Electric Light and Power
Company, IS bid 60 asked
Bank Stocks, Etc.-CHizens Bank. 1897
bid, = asked; Chatham Bank, 421s bid,
4S asked; Germania Bank, 1OS1a bid 1894
asked; Merchants National Bank, S51b bid,
Sila asked National Bank of Savannah,
l25 bid, l26 asked: Oglethorpe Savings and
Trust Company, 1903 bid 104 asked: South
ern Bank of the State of Georgia, 152 bid,
l55 asked; Savannah Bank and Trust
Company, 100 bid 102 asked; Chatham Real
Estate and Improvement Company A, So
bid, Sc asked; B, 5414 bid, So asked; Peo-
pies Savings and Loan Company, 81 bid,
"a asked, ex-diV.
Factory Bonds-Augusta Factory Is, 1O1
bid, 1a asked Enterprise Factory Is, 100
bid lOl asked; Eagle ana Phenix Manu-
featuring Company 6 per cent. bonds
40 bid. AZ asked; Sibley Manufacturing
Company 6s, 10l bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, = bid, % asked; Augusta Factory.
50 bid, 50 asked; Graniteville Factory, 145
bid. 15l asked; Langley Factory, 104 bid,
lO5A asked; Enterprise Factory, common,
SO bid, Sc asked; J. r. King Manufacture
ing Company, 104 bid. 1O5 asked; Sibley
Manufacturing Company, 70 bid, &c ask
| asked.
New York Sept. 16.-Money on call was
tirmer at 115@1%c; the last loan was at
IL per cent; closed al ~ per cent. Prime
mercantile paper, 4d41a per cent. Sterling
exchange weak with actual business in
bankers bills at $4.S47s@4.S5 for demand,
and at A.S21a for sixty days. Posted rates,
S4.SS19q4S 412, and $4.S5la@4S61h CONNER
cial bills, 1882, Silver certificates, 56G57c.
Bar silver, o5Ac. Mexican dollars, 4Sc.
Government bonds were easier; state
bonds We're dull; railroad bonds were cas-
Ter.
New York. Sept. 1.-THE Evening POSTS
London financial cabegram: THE stock
markets here were quiet to-day and rather
dull, but Americans, after a setback on
the receipt of the New York opening
prices, closed stronger. Low-priced
shares were largely bought by speculative
operators booming early in the day, but
closed under the best.
The remarks to-day of the governor of
the Bank of England about silver in the
| reserve had little effect. The provisos
attached to his letter to the chancellor of
the eXchequer are so impossible that it is
believed that nothing will come of the no.
ton.
The Paris bourse was weak on the
| sharp break in Spanish securities and the
pessimistic rumors about the Bank of
Spain. The Berlin market was steady
New York, Sept. 16.--The market closed
this evening with a general level of prices
lower after day of great irregularity
and constant movement up and down of
the whole list over a narrow range Quite
large number of shares showed small
fractional gains and a few stocks showed
notable rises, but the Changers, Wander
bits, trunk lines and trans-continental
lines, as a whole, declined in value dur
ing the day. This is true, notwithstand-
| ing the fact that London was a buyer of
favorite Stocks all day. and all the general
news as to improving business and in
| creased earnings of railroads continued to
! favor advancing prices Prices were, in
fact, higher at the opening, but liquidation
| quickly set in and prices generally reced-
ed. The fears of interrupted traffic in the
south from yellow fever, depressed the
price of railroads in that region, and was
sympathetically felt in the whole list. The
steady tone manifested in the exchange
market early in the day had the effect
| of dscouraging hope of the early importa-
ton of gold, and this had it's influence in
aiding the reaction. This had the greater
effect because of the hardening tendency
of the money market, asking rates for call
loans being as high as 21s per
cent The marked weakening of the
exchange market in the last Half hour
of trading served to steady prices of stocks
to some extent, the decline not only be-
ing checked, but recoveries being shown
in the closing transactions of the stocks
Posted rates for both long and short sterl-
ing were reduced z cent to $4S3d4S51a re-
spectively. The rate Of exchange on Paris
was also weak and it seems evident from
the action of the Bank of England In
maintaining its minimum discount rate at
2 per cent. in face of the continued de-
crease in its reserve and In its stock of
bullion that London expects Paris to sup
no 1rGt ~ frx-
gold But the Paris exchange on London
recorded a fall to-day, which would nat
uraly tend to weaken the force of the
New York Exchange demand on Paris
The heaviness of to-day's market was
mitigated from time to time by the
strength manifested by special stocks.
Northern Pacific issues were at one time
in special demand and showed marked
advances, as was also true Of Consolidated
Gas, Pittsburg, Chicago Great Western
and the Minneapolis and St Louis stocks.
All Of these reacted from the best most
of them remained at an advance over
last nights close. Pittsburg, Cincinnati
Chicago and St. Louis common and prefr-
red show net gains of 12sQ2 points respect
lively In the Minneapolis and St Louis
stocks all three are left with net advances
of points or over. Consolidated Gas also
gained 2 points net after having been 2
points higher.
Inc totai sales OF STOCKS to-day were
660GO9 shares, including Atchison pre-
ferred II 800; Canada Southern $40, Ches-
peake and Ohio 22,120, Burlington and
Quincy 1880, Erie new $3.50. Erie first
preferred 1920 Louisville and Nashville
1880, Manhattan l. $3.50. Minnesota and
ST. Louis 600, Missouri Pacific 1850. Mis-
souri, Kansas and Texas preferred $3.50,
New York Central 1850, Northern Pacific
200 Northern Pacific preferred 80 200,
Ontario and Western $3.50, Reading %, 315.
Rock Island 14,41O, St Paul $780, st. Paul
and Omaha 6,5s5, Southern Railway 600
Texas and Pacific $3.50, Union Pacific Is
075, Union Pacific, Denver and
Gulf 11,740, Tobacco IT'D, Bay
State Gas 24,O5O, Chicago Gas
1880 Consolidated Gas 5,7l5, General
Electric 15,765. Lead $40, Pacific Mail TO-
912 Sugar 16. 400, Tennessee Coal and Iron
10, 400, United States Leather preferred
$500, Western Union $3.50, Chicago Great
Western 1880. The transactions in the
bond market were on a considerably d.
mnished scale and prices were somewhat
easier. Total sales were of a par value
of about 100000. The bid prices Of
United States new As was X lower new 4g
couDon sod at 1881 and new as regist cred