The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-25

railroad StOckS-AuSuSta ana savannah,
95ia bid. 96ia asked; Georgia, common, 172
bid, 175 asked; Southwestern, 80 bid, "a
asked, ex-div. Atlanta and West Point
stock 102 bid, 104 asked; Atlanta and
West Point 6 per cent. certificates. 1919
bid. 1903 asked; Savannah Construction
Company 67Ia bid, 20 asked.
Gas Stocks-Savannah Gas Light stock.
2lIk bid, % asked; Electric Light, and
Power Company, Sc bid IS asked, ex-div.
Bank Stocks Etc. Citizens Bank, 100
bid, asked, ex-div.; Chatham Bank, 40
bid, 46 asked, ex-div.; Germania Bank, 100
bid, ITO asked; Merchants National Bank,
IS bid, 80 asked; National Bank of SaVan-
nah, 126 bid, - asked; Oglethorpe Savings
and Trust Co, 1903 bid, - asked ex-div. ;
Southern Bank of the State of Georgia,
149 bid, ISL asked; Savannah Bank and
Trust Company, 101 bid, - asked; Chatham
Real Estate and Improvement Company,
A, Sc bid 81 asked; b, So bid, 55ls asked
Peoples Savings and Loan Company, So
bid, 100 asked.
Factory Bonds-Augusta Factory 6s, 101
bid, 1O2 asked; Enterprise Factory IS, 100
bid, 101 asked; Eagle and Phenx Manu-
featuring Company 5 per cent, bonds -
bid, 40 asked; Slbley Manufacturing Com
pany IS, 1O1 bid, 1902 asked.
Factory Stocks-Savannah Cotton Fac
tory. bid, Is asked; Augusta Factory,
80 bid SO asked; Graniteville Factory. 145
=
1854 asked; Enterprise Factory, common,
SO bid, SO asked; j. r. King Manufacturing
Company, 104 bid. 105 asked; Sibley Manu-
featuring Company, 20 bid 76 asked; Sa-
vannah Brewing Company, SO bid, "a asked.
New York, Dec. A-Money on call was
firm at 3i2Q4 per cent; the last loan was
at per cent, and closed offered at 2IsI3
per cent. Prime mercantile paper, 31k04
per cent. Sterling exchange closed frmer
with actual business in bankers bills at
a.S41s@4S4h for demand and at $4S1AG
4.S115 for sixty days Posted rates, $4S2@
4.SS, and &.S56D4S6. Commercial bills,
A.S0ls. Silver certificates, 571s@5S1bc. Bar
silver. 57Ac Mexican dollars, 455sc. Gov
eminent bonds weak; state bonds dull;
railroad bonds firm.
New York, Dec. A.-The weekly bank
statement shows the following changes
Surplus reserve, decrease, $4.202, 600; loans,
increase, $S,927OO0 specie, increase, $780,
700; legal tender, decrease, 81, 529, 900; depos-
its, decrease, $75S 800; circula ton, decrease.
$4,000. The banks now hold 81, 523, $50 in
excess of the requirements of the Is per
cent. rule.
New York, Dec. 24.-Evening Posts Lon
don financial cablegram says: 1.-THE stock
market here was quiet to-day. Americans
were strong, being bought by the New
York contingent. The close was firm.
Northern Pacific, ST. Paul and Louisville
and Nashville were chiefly favored The
money market was firm. Money was ex-
pected to be dear for the general settle
ment, which will begin on Tuesday next
The Paris and Berlin markets were
steady.
New York, Dec. A.-The local street rail-
way companies shares. which have been
such a notable feature in the stock mar
ket all the week, opened higher this morn
ing and continued to advance during the
day closing at the highest.
The great buoyancy in these specialties
spread through the list, reaching first the
securities of other local corporations, then
the Industrial specialties generally and
finally the railroad list The level of prices
in the industrials and in the Changers was
at one time from 1 to 2 points above last
nights close.
The high point was not fully maintained
at the close In the general list, but sub
stantial net gains are the rule. During
the afternoon the market took on a dis
tinctivly holiday character and fell at
times into stagnation, prices yielding
sharply, but being restored by the final
stiffening in Metropolitan Street Railway
and Third avenue.
There was no particular news to account
for the movement Of prices, though the
bank statement with its further decrease
of over 100000 in the surplus reserve, had
the effect of checking the activity in the
market did not take on the same anima-
ton again during the remainder of the
day, even when the announcement was
made of the engagement for shipment
from England by to-morrow's steamer of
$500. 900 in gold.
The bank statement was about what was
expected, and reflected a portion of last
weeks Union Pacific operations, not in
cluded In last weeks statement
To-day's shipment of gold while ii in
dieates certain relief available in case of
undue stringency in the local money mar
ket. also indicates the belief that the
present hardness of money rates Is likely
to endure for a considerable time without
relief 1t has come to be generally recog-
nized that large imports Of gold would be
necessary to settle our existing trade bal
ance with Europe. But the present hard
ness Of money here. it was supposed,
would be of short duration and would thus
defer the god movement as long as high
rates continue to prevail in London and
Berlin. There was expectation, after to-
days engagement was announced, that
there would be further gold importation
next week.
The stock market has been Characters
tic Of the period Immediately preceding the
holidays. The dealings have averaged less
than 10000 shares a day, and the moves
ment Of prices has been sluggish and mar
row, except in special cases. This condi-
ton was due in part to the natural dispo-
sition to close up accounts at the end Of
the year and partly to the neglect of bus
mess In favor of preparations for the holl-
days.
There is natural tendency Of prices 10
Continued on Sixth Page. +
-------------------------------
HuH~RN "a @an