The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-17
THE MORNING NEWS: WEDNESDAY, MARCH II, 1897.


nah, sSls bid. slis asked; Georgia
common, 15S bid. loo asked; Southwest
ern SO bid, 81 asked; Atlanta and
West Point railroad stock, 90 bid, 97i5 ask
ed; Atlanta and West Point per cent.
Certificates IS bid. 80 asked Savannah
Construction Company, CPS bid, Y asked.
ex-div.
Gas stocks-Savannah Gas Light stock,
22ls bid, 2Sis asked, eX-div.: Electric Light
and Power Company, Sc bid, IS asked, eX-
div.
Bank Stocks. Etc.--Citizens Bank. lOSls
bid109l4 asked; Chatham Bank, 45s4 bid, 46l4
asked; Germania Bank 107ia bid, l0Sia
asked; Merchants National Bank, Sc bid.
asked; National Bank of Savannah. 126
bid, 12S asked; Oglethorpe Savings ana
Trust Company, 1922 bid, 1892 asked;
Southern Bank of the State of Georgia.
= bid, 165 asked; Savannah Bank and
Trust Company, 100 biasf1Ol asked; Chat
ham Real and Estate and Improvement
Company, A, 5Sl5 bid, "a asked; B, 50 bid,
50 asked; Peoples Savings and Loan
Company, 80 bid. 81 asked, ex-div.
FACTORY Bonds-AuguSta Factory 6s, 100
bid. 102 asked; Enterprise Factory Is, 1O1
bid lo2 asked; Eagle and Phenix Manu-
featuring Company, 6 per cent. bonds, 40
bid. so asked; Sibley Manufacturing Com
pany 6s, 100 bid, l01 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, S5 asked; Augusta Factory. so
bid, 81 asked, eX-div.; Granitevlle Fac
tory. las bid. Isl asked; Langley Factory,
1OS bid, 104 asked; Enterprise Factory
common, Sc bid. 80 asked; j. r. King
Manufacturing Company. 10S bid, 1o4 ask
ed Sibley Manufacturing Company, 20
bid, rs asked; Savannah Brewing Com
pany, 90 bid. 80 asked.
London, March 16-Bar silver. 2Sssd.
Consols 112 Lie for money and 112 S-16
for the account.
confines ex-interest for the account.
New York, March 16.-Money on call has
been tirmer at HOP per cent; the last
loan was at per cent, and at the closing
was at per cent Prime mercantile pa
per, 3AQ31e per cent Bar silver, sc Mex
lean dollars, 4S0491ac. Sterling exchange
IS dun and easy, with actual business in
bankers bills at $,S5la04S534 for sixty DAYS
ana %.SI34 for demand. Posted rates
Si.S6l2a4,SS. Commercial bills $4S464. IS
Government bonds firm; state bonds
steady; railroad bonds generally higher.
Silver at the board was heavy.
New York, March 16.-The treasury bal
ances were as follows: Coin. S131. 102. 7S3.
currency. $50, 72S Gil
New York, March H. noon.-The stock
market was quiet and weak. at the follow
ing quotations.
ERE .....,..... l45sl Bait. & Ohio 49,. 1874
Northwestern 1925 Can Southern -. 475s
do pref .......155 st. Paul ... Is
Lake Shore .169 Rock Island So. IS
n: q W. pref q Del Hudson. .1O9ls
western Union. SIS Del, L. & w .1571k
DO; Ky com Manhattan ..... Sc
DO pref ....... 2Sl2 Mich Central go 90
Am. sugar 80. .112l2 N. Y. Central . 80
Wall Street, New York. March 16-The
sensation of the day in stock circles was
a break in Missouri Pacific from 10 to Is
on unusually heavy trading The old re-
port or a receivership was freely circula-
TED, but this time the rumor met with
most emphatic denial on the part of
Fresldent Gould and the directors Mr.
Gould, In statement made public short
~ after the slump in the stock, denied
absolutely that a receiver would be ap-
pointed, and also expressed his willing
ness to cash April coupons of the com
pany at their face value. less the usual
rebate a the rate of 6 per cent. per an
num- lie further stated that the earn
1ngs of the road were improving net for
January showing an increase of $l4S. 600
as compared with the corresponding
month of 1896. In his opinion the attack
ON the stock and the reports of a receiv-
ership were the result of a desire on the
part OF the bears to cover their short
sales in other stocks. The denial alarm
ed the shorts, rush to cover followed
and the stock bounded up to 1SA closing
at that figure. Wabash stock and bonds
declined in sympathy, but the general
market held remarkably we'll throughout
the raid In fact, as the day advanced
railway and industrial stocks gathered
strength, and near the close the best fig
ures for long time past We're recorded
in many instances. The Vanderbilts
especially New York Central Big -Four
Canada Southern, Northwest and the
Nickle Plates, displayed great tirmness
from start to finish. New York Central
got up to 1907 Canada Southern to 5O9s
Northwest to 40 and Big -Four to 1872. The
confident buying of these issues was the
subject of much comment and had a great
deal to do with the firm stand taken by
the other railway stocks. Illinois Central
on buying for both local and
foreign account, advanced about
3 points to 1854. In the afternoon rise
Manhattan were conspicuous. Covering
of short contracts accounts for the i'm
provements. In the Industrial, Sugar was
traded in ex-dividend of 3 per cent. The
stock first sold down to 115s and then rose
to 1885. Rubber preferred was in better
demand, on the denials of the reports cur
rent yesterday, of a war in the trade.
Speculation closed strong in tone. Net
changes show gains of IA to "a per cent,
Illinois Central leading. The total sales
were $780, 1871 shares, of which $500 were
Missouri Pacific, 5000 st. Paul. and $500
Omaha. Bonds were strong. The sales
footed up $1.310OOO.
New York Stock List Stocks and Bonds
at the Closing
Am Cotton Oil. 1212N., c. e. st. L.. 67lz
do pref ....... Sc ". ]. Central -. 81
Sugar Ref ......1133sN. Y. Central =. 1884
do pref ...... 1031aN. Y. & N E.. 81
Am. Tobacco E. 7SiAlN. & w. pref -. 27A
do pref .....1O6 North. Pacific =. 1888
A., T. g. S. F.. 1134 do pref ........ 375s
Bait & Ohio =. 5&lNOrthwestern ...1O97s
Can. Pacific go. So do pref .15J
Ches & Ohio =. 1875 Pacific Mail 80. 2634
Chi. & Alton ..166 Reading ......... 24Ts
Chi, b. & O.. TIE Rock Island 80. 6S9s
Chicago Gas -. rs st. Paul ......... 7Sl4
Del, L. & W...157 do pref ........1S7ls
Erie .......... 143sI Silver Cert 49,. 62
do pref ..... 1872 Tenn. c. & L.. 2794
Ed Gen. Elec.. 35lsI do pref ........ 80
Illinois Central. So Texas Pacific =. 9I5
Lake j.. & W.. II Union Pacific -.
do pref ..... 6715, w, St. l.. & p. 53a
Lake Shore -. ITO do pref .......147s
Louis. & Nash. 4924 Western Union. S61k
Louis. & n. A.. Wheel. & L. E.. 13s
Manhattan ..... S69sl do pref ........
Mem. & Char. 10 so. Ry 5s ....... 30
Mich. Central =. 90 So. Ry com ..... 91s