The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-01-05


Alabama first consols. 50 bid, 81 asked.
Railroad Stocks-Augusra and Savan-
nah, 941a bid, 95i2 asked; Georgia common,
1874 bid, 167 asked; Southwestern, .9lSt bid,
921s asked, eX-div.; Atlanta and West
Point railroad stock. 9S bid. 80 asked; At
lanta and West Point per cent. certih-
Gates, IS bid, SO asked; Savannah Con-
struction Company, 20 bid, "a asked.
. Gas Stocks-Savannah Gas Light stock,
22ls bid % asked; Electric Light and
Power Company, 67la bid, 6S15 asked, ex-div.
Bank Stocks, Etc.-Citizens Bank, 1854
bid, 10S% asked, eX-div.; Chatham Bank,
A bid, As asked, eX-div.: Germania Bank,
104 bid. 105 asked, eX-div. Merchants Ma
tional Bank, SO bid, 80 asked, eX-div.; Ma
tional Bank of Savannah III bid, $50 asked;
Oglethorpe Savings and Trust Company,
100 bid, l01 asked, eX-div.; Southern Bank
of the State of Georgia, 165 bid 16S asked,
eX-div.; Savannah Bank and Trust Compa-
n.y. 100 bid, 101 asked, ex-div; Chatham
Real Estate and Improvement Company,
A, 52l5 bid asked; b. so bid, 50ls asked,
ex-div.; Peoples Savings and Loan Com
yany, 80 bid, 90 asked.
Factory Bonds-Augusta Factory, 6s. 100
bid, 102 asked: Sibley Factory 6s, 100 bid,
10l asked; Enterprise Factory 6s, 101 bid,
102 asked; Eagle and PheniX Manufacture
ing Company, per cent. bonds, 40 bid, 80
asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, 50 asked; Augusta Factory. 50
bid, IS asked, eX-div.; GranteVille Fac
tory, $50 bid, ISL asked; Langley Factory,
1O6 bid, 107 asked; Enterprise Factory,
common. so bid 102 asked; j. r. King
Manufacturing Company, 106 bid, l07 ask
ed; Sibley Manufacturing Company, Sc bid
| 9S asked; Savannah Brewing Company, "a
bid, 81 asked.
London, Jan. 4.-Bar silver, % 1S-16d
consols, Ill 1916 for money and 112 lie
for the account.
Paris, Jan. 4.-Three per cent. rentes, 102
francs so centimes for the account.
New York, Jan. 4-Money on call easy at
11Ad2 per cent. The last loan was at IL
per cent, and at the closing was offered
at IL per cent. Prime mercantile paper,
4 per cent. Bar silver, 647sc. Sterling ex-
change, steady, with actual business in
bankers bills at $4SS2414.S4 for sixty days,
and SAS6AQ4.S61s for demand. Posted rates,
81. S46I4S7. Commercial bills $4.S2l4d4SS14.
Government bonds steady. State bonds
dull. Railroad bonds irregular. Silver at
the board was neglected.
New York, Jan. 4, noon.-Erie. 15;
Northwestern, 1925 do preferred, 1914;
Lake Shore. $50; Norfolk and Western,
preferred, 161s Western Union, SS12
Southern Railway, common, ga Ameri-
can Sugar 11O7s; Baltimore and Ohio, 1871
Canada Southern, "A; st. Paul, 1885, Rock
Island 663s; Delaware and Hudson, III;
Delaware, Lackawanna and Western
| 1861; Manhattan, So; Michigan Central
So; New York Central, 80. Speculation
quiet and weak.
New York. Jan. 4.-The stock market
started off well this morning, and traders
felt much encouraged when they found
that the upward movement inaugurated
on Saturday continued to make progress.
While the advance, except in few in
stances, was by no means large and the
volume of business was confined to linz
tied proportions, the fact that there was
| little or no pressure to sell at the higher
range caused a good feeling to prevail.
The general run of stocks moved up 80
q per cent, but Consolidated Gas rose 2,
Metropolitan, 11a, Edison Illuminating of
| New York, IL, Delaware and Hudson, is,
| and Omaha / per cent The latter was ia
| vorably Influenced by the growing belief
| that a dividend of 2 per cent. will be short
| ly declared on the common stock. Reading
| advanced only fractionally on the decision
| of Attorney General Mccormick of Penn
| sylvania, that the charter of the com
! pany could not now be successfully at
| tackled, and later lost more than the early
| improvement. The refusal of the attorney
| general of this state to remove the d.
rectors of the Manhattan Company, on
the petition of Hendricks, did not prevent
that stock from declining point, and 1t
closed within fraction of the lowest of
| the day. During the afternoon the temper
of speculation underwent a decided change
| because of the numerous bank failures
at st. Paul. and other western cities.
| These difficulties together with the APP
! prehension of further failures led to sales
| by early buyers under which General Elec-
trio declined rs, Sugar, rs, and the Gran
| gers, Chicago Gas, Tobacco, Western I'm
ion, Louisville and Nashville, Reading and
Rock Island. Y to per cent. The market
continued as quiet as ever and closed rath-
er weak in tone. Net changes show de-
| clines of AG1 per cent, General Electric
| leading. Omaha was an exception and
| gained ~ point. Total sales were 101,677
shares, including 5000 ST. Paul, 800 Su-
| gar, 104O0 Burlington and Quincy. $500
Reading and 800 General Electric. Bonds
were irregular. Sales footed up 81 ,361, 900.
New York Stock List-Stocks and
Bonds at the Closing-American Cotton
Oil, 1115; do preferred, 5412; Sugar Helm
cry, HOY; do preferred, 100A; American
Tobacco, IS; do preferred 102; Atchison,
T. and S. F., 1875; Baltimore and Ohio
1875; Canada Pacific, 55% Chesapeake and
Ohio, 1915; Chicago and Alton, 100; Chi
cago, Burlington and Quincy, 69A; Chica-
go Gas, 1874; Delaware, Lackawanna and
Western, 1571a; Erie, 141s; do preferred, "a;
Edison General Electric, 80; Illinois Cen
trail, 92; Lake Erie and Western, II; do
preferred, IS; Lake Shore, ISL; Louisville
and Nashville, 47$4; Louisville and N. A,
"a; Manhattan, $685. Memphis and Charles
ton, Is; Michigan Central, So; Missouri Pa
cific, 2O1s; Mobile and Ohio, 20; Nashville,
c. and St. L., 671a; New Jersey Central,
100; New York Central, 92A N. Y. and N.
E. As; Norfolk and Western preferred,
1872; Northern Pacific. 1874; do preferred,
S23l; Northwestern, 1925; do preferred.
1511a; Pacific Mail "a; Reading, 2634; Rock
Island, 657s; St. Paul, 727s; do preferred,
1871; Silver Certificates, 6434; Tennessee Coal
and Iron. %; do do preferred, 80; Texas
Pacific so Union Pacific, SA Wabash
St. L.. and p, 6; do do preferred, 15A;
Western Union, S22l Wheeling and Lake
Erie, s; do do preferred, %; Southern Rail-
way IS. 90 Southern Railway common,
9A; Southern Railway preferred 254.
state Bonds-Alabama A, 103; do b, 102;
do c, "a; Louisiana stamped As, 81 North
Carolina As, 100; North Carolina SIS. 121;
Tennessee, new set 3's IS: Virginia 6's
preferred, 5; Virginia Trust Receipts 6;
Virginia Funding Debt, 6lh; South Caro-
lima AIS, 100.
Government Bonds-United States AS,
registered, 11O%; United States As cou-
pons, III; United States rs, registered.
9515; United States As new, registered,
t9O1k. limited States As new couDons