The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-11

4 n
p bid, 2215 asked; Electric Light and Pow
! er company, bid, 60 asked
/ Bank Stocks, .Etc.-Citizens Bank 1091s
bid, n015 asked; Chatham Bank. AZ bid, 4s
asked; GermanIa Bank 100 bid, no
| asked; Merchants National Bank 90 bid
81 asked; National Bank Of Savannah
l126- bid, = asked; Oglethorpe Savings and
| Trust Company. 104 bid, - Asked South
| ern Bank of the State of Georgia, 1853 bid.
| 100 asked; Savannah Bank and Trust
| Company, 10l bid.102 asked: Chatham Real
| Estate and Improvement Company A, IS
bid. 81 asked; B, So bid 55l5 asked; Peo-
pies Saving and Loan Company, &c bid, 80
| asked
! Factory Bonds-Augusta Factory IS, 1O1
bid. 102 asked; Enterprise Factory S. 100
bld, lOl asked; Eagle and Phenix Manu-
featuring Company per cent. bonds, 40
bid, AZ asked; Sibley Manufacturing Com
| pany 6s, 101 bid, 102 asked
| Factory Stocks-Savannah Cotton Fac
| tory, - bid, 10 asked Augusta Factory.
| so bid, So asked: Graniteville Factory, 145
bid, ISL asked; Langley Factory, 104 hid,
| lO5M asked; Enterprise Factory, common,
| 80 bid, Sc asked; j. r. King Manufacture
ing Company. 1N bid. 1O5 asked; Sibley
| Manufacturing Company, 20 bid. rs asked;
| Savannah Brewing Company, so bid So
| asked.
| New York Nov. 1O-Money on call was
| steady at 11aG2 per cent; the last loan
| was al per cent, and closed at 11262 per
| cent Prime mercantile paper, 3l2G415 per
cent. Sterling exchange rates are firm
| with actual business at $4S514d4S53s for
demand, and $4.S219@4S234 for sixty days.
| Posted rates, $4.SSl904.S61a. Commercial
| bills, A.S1A. Silver certificates, 5712Q59c.
Bar silver, 579sc. Mexican dollars, 4s4c,
| Government bonds were firm; state bonds
were dull; railroad bonds We're strong
New York, Nov 10-Evening Posts
London financial cablegram says: THE
/ .cRNr 49, -. n Il
| night had, a good effect on stocks gener-
| ally, and all the markets were strong to-
| day. Americans are steadily rising.
| There was a fair demand for them here
to-day and the close was practically at
| the best, With Union Pacific as the feature
| of strength. Gold was in strong demand; ;
| f4OOOO in Eagles was sold by the Bank of
| England to-day, it is understood for the
| continent, but no one is quite sure The
| 1ndian government announces a further
| suspension of weekly drawings for at
| least TOUR weeks. United States money is
nghter- The Paris bourse was firm.
! There were large dealings in tin and COP
| per mines. The Berlin market was firm"
! New York, Nov. 10.-Prices of stocks to-
| day made very substantial recoveries to-
| ward the level which prevailed before the
| heavy declines of last Monday and Friday
Ihe buying was strong and confident, and
| the upward course of prices 'except in a
few cases, was practically uninterrupted
| all day, until some profit taking at the
| close brought recessions from the best
| prices.
| The factor of greatest influence was the
| decision of the appellate division of the
| supreme court at Albany in the matter of
the coal trust inquiry. Reports of this de-
cision had it that the decree of the lower
| court IN reYoking its own order compelling
the coal trust presidents to appear before
referee had been affirmed. AS the lower
| court in revoking this order had distinct
| ~ expressed its. opinion. that the so-called
| antitrust law was unconstitutional. it was
inferred that to-day's decision had also
| denied the coustitutionalty of the law
| Apparently this inference was maintained
in the stock. market until the close of trad
| ing although the court distinctly disclaims
| that 1t is passing upon the constitution
| ality of the law it is not necessary for the
| absolute determination of the question
/ before it, However the Wall street in
/ terpretation of the decision gave a very
| strong upward impetus to all stocks af-
| fected by the law
The coalers were most markedly affected
as being the subject of the special suit
under trial and they showed gains ex-
| tending. to 312 points in the case of Della
| ware and Hudson. Every Industrial stock
| on the list was also sharply affected by
this report, an view of the fact that the
statute was understood to be directed
against these great combinations of capt.
| tai.
| Cotton oil preferred was benefited to the
| extent of 4 points, Tobacco. 31a. Sugar
| nearly points, and others to the extent
OF point or over But the strength of the
! market was by no means confined to these
stocks, though the general strength was
| IN part due to sympathy with them Much
was made of the declaration by the Span-
| ish prime minister as to the friendly in
tentions of his government towards this.
and OF the report from Washington of the
| satisfaction which seemed to be felt bv
| the President and members of the cabinet
| over the Spanish reply to the United States
| Minister Woodford. The returns of rail
road earnings for the first week of Novem-
| Der showed continuance of heavy traffic
| where the cotton movement is augmented
| by release from quarantine and also in
| the west. where the falling off in the grain
movement might cause declines in earn
| ings.
There were quite extensive purchases. in
| this market for London account of several
International stocks, st. Paul, however.
| being sold for that account The whole
spirit OF the trading was distinctly bullish.
and gains of point or over were FREQUENT
throughout the list. Norfolk and Western
preferred shows net gain of "a, and Lake
Shore of points.
Inc total sales for the day were under
100000 shares, and over one-fourth of these
4.
In the pond market there was considerable
ACTIVITY and prices advanced in sympathy
with stocks. Total sales $1,90O.OOO
New York Closing Stocks.
Atchison 12% st. P. & Om... 76A
10 pref ........ N9sl do do pref. 140
Baltimore & o.. 125sSt. p. M. e, M IN
can. racine -. S1% So. Pacific .. 1917
can. southern. 90 $50, Railway =. 9as
Cent Pac. -. 12a4E do pref ... 29si
Ches & Ohio 215slTex. Pacific 80. 1914
chi d Alton ..1sS rUion Pacific 80 213s
Chi. b. & O.. g31sfU. P. d. &, a.
Chi & r. Ill.,. 52j5f Wabash -
c. c. ca st. L. s35a do pref .. 171h
40 90 pref -. 80 WHEEL. e L. E.
Del. &Hudsont .11Oh do do pref
Del L. & W.sES Adams Elk 15s
Den. & Rio c.. 1ih American Elk liz
do pref ....... A1ahU. S. Express 40
Erie new ...sa 1885 Wells F. ..Ex. 100
do 1st pref ~. 365s A. Cot. Oil %
FIT. Wayne -. 1865 do pref ... 75as
CT. North. pf ..19O Am Spirits -.
Hooking Val. :. 5a do pref -. 22h
Illinois Cent ..1Ol Am. Tobacco 79i%
Lake Erie & w. 16 do pref ITO
do do pref 49,. 69tht Chicago Gas 80 9s
T.alxa Gbora 1ytILI Cons so