The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-16

NO dSkedf Nlty ana SUBURBAN railroad nrSt
mortgage per cent. bonds so bid 81 ask
ed; Alabama Midland per cent. indorsed,
IS bid, 80 asked; Brunswick and Western
As, IS bid, 70 asked; South Bound railroad
IS. 50 bid, 20 asked; Southern Railway 5s,
94l5 bid, IS asked; Georgia and Alabama
first preferred IS. 10S bid. 1O4 asked. and
| interest; Georgia and Alabama first con-
sols, 50 bid, SO asked
Railroad Stocks-Augusta and Savan-
nah, 9324 bid, IS asked; Georgia common.
172 bid, 17S asked; Southwestern, 81 bid,
50 asked; Atlanta and West Point
stock, 1929 bid. 1031s asked; Atlanta and
| West Point per cent. certificates, 1021s
bid 103la asked; Savannah Construction
| Company, So bid, IS asked.
! Gas Stocks-Savaunah Gas Light stock,
| 22l2 bid, % asked; Electric Light and Power
! Company So bid, 60 asked
| Bank Stocks, Etc.-Citizens Bank 1921
| bid, asked: Chatham Bank, 421a bid.
| 49, asked; Germania Bank, 10S3s bid, 1924
| asked; Merchants National Bank. $50 bid,
! SIP asked; National Bank of Savannah,
| l25 bid 1926 asked: Oglethorpe Savings and
! Trust Company, 103 bid, 104 asked; South
ern Bank of the State of Georgia, 152 bid,
] 100 asked; Savannah Bank and Trust
| Company, 100 bid. 1902 asked; Chatham Real
Estate and Improvement Company, A. 55
! bid, 56 asked; b, 54i4 bid, IS asked Peo-
! pies Savings and Loan Company, 80 bid,
! "a asked, eX-div.
|
| bid, lO2 asked; Enterprise Factory 6s, 100
bid, -10l askedi Eagle and Phenix Manu-
| featuring Company 6 per cent bonds,
| AZ bid, AZ asked; Sibley Manufacturing
Company 6s, 1O1 bid 102 asked
Factory Stocks-Savannah Cotton Fac
tory, - bid, 25 asked; Augusta Factory,
| 50 bid, 50 asked; Granitevlle Factory, 145
bid, Isl asked; Langley Factory, 10 bid,
| lO0A asked; Enterprise Factory, common,
~ bid IS asked; ]. r. King Manufactur-
| ing Company, 104 bid, w105 asked; Sibley
| Manufacturing Company, 10 bid, &c ask
ed; Savannah Brewing Company, - bid, SO
asked
New York, Sept. 15.-Money on call was
| firmer at 112G2 per cent; the last loan
was at 2 per cent, and closed at ? per
| cent. Prime mercantile paper, 4ar2 per
| cent Sterling exchange steady, with act
| ual business in bankers bills, at $3.50
ASS for demand and at S4.S2$4 for sixty
! days. Posted rates, $4S350ASHa and $IS5
! CASEY. Commercial bills, $A8li564S2. Sill
Yer certificates, 561ae. Bar silver, 553fc.
Mexican dollars, 43c. Government bonds
easier; state bonds were dull; railroads
! bonds were firm.
| New York. Sept. 15-The Evening Post S
London financial cablegram says; 1.-THE
| stock settlement has been satisfactorily
/ concluded and the business in the stock
| market to-day was quiet, except in Amer
| lean rails and in Grand Trunk, which has
| RISEN SHARPLY on the New I DIX ledQ. \
| feature tonight is the rise in Union Pa
cific to nearly o. The condition of ex-
| change on New York attracts attention,
| but the best informed still look for no
! gold movement to New York until next
| month. ! have some reason to believe that
| the directors of the Bank of England will
| tomorrow publicly disaVow any truth in
| the recent reports of an increased holding
! of silver reserve. South American stocks
were dull and Kaffirs firm. The rise in
! Paris exchange on London is Immediately
! due to large wheat purchases from Amer
| lea. London private discounts are firm;
! a large business is now being done in
the open market each day by the bank.
! The market in Berlin was strong and
| that in Paris irregular and quiet.
New York, Sept. 15.-To-day's market
was extremely irregular, but the average
/ level of prices was lifted as a result of
| the days operations. The strength shown
| was very aggressive In spots, but many
! of the shares recently active in the mar
! ket moved scarcely at all. The Wander
| bits were again a center of strength on
! the reports of large increases in earnings,
| but most of them advanced a point or
more in the days trading. New York
| Central was heavily dealt in and advanced
| 134 on the estimated increase in the sur
! plus for the current quarter of $672, 957 and
| in the reported increase in the gross earn
! ings for the first week in September of
! over $4,000 Northwest and Omaha also
| continued their concurrent advance on the
| benefits to accrue from the prospective
| increase in Omaha's dividend, the extreme
| rise IN each exceeding , per cent dur
/ ing the day, with a reaction on profit
| taking. Lake Shore also was taken in
! hand by the bull element during the final
| hour of trading and rushed up 2ls per
| cent, apparently for effect in sustaining
| the balance of the market
.aTa FOL
hosting the price of Pennsylvania, which
has only been listed for a short time on
| the New York exchange, 33s points, the
/ subsequent reaction being about H. A
jump of 20 points in Consolidated Gas,
even though it was on a limited volume
! of transactions, was also a sensational
feature in the market. The recent specu-
| lation which has conferred in Union Pa
| cifc continued the advance in that stock
| and benefited the price to the extent of
| over point. Missouri, Kansas and Texas
| preferred also continued to manifest the
| strength which has charae teriZed it in the
| recent speculation and advanced over a
| point. Reports circulated of large in
creases in earnings, turned attention to
General Electric and that stock rose at
| one time nearly points. These clements
of strength could not but serve to sustain
| the market and the advance of st. Paul
and Burlington TO new high record prices
| nevertheless there were conspicuous ex,
| cepdons TO the strength of the market
such stocks as Missouri Pacific, Atchson
preferred, Northern Pacific preferred
Louisville, Southern preferred, Cleveland
| Cincinnati. Chicago and st. Louis and
| Chesapeake and Ohio tagging quite heavily
in the advance and in some cases closing
below yesterday.
A number of the industrials were con-
spicuously weak, including Sugar prefer
red Leather preferred, Illinois Steel Ten
| nessee Coal and Bay State Gas. Sugar
common, which sold cx-dividend to-day,
| lost all of its early gain before the close.
| The coalers were somewhat heavy during
the day, but improved slightly before
the close apparently in sympathy with
the lively advance in Ontario and West
ern, and s. & w. preferred. The latter
jumped 5l2 points and reacted. Chicago
Gas and Laclede Gas were quite strong,
the former advancing nearly 3 points, and
the latter 4 points, both showing a sub
sequent reaction. Less was heard to-day
of the prospect of immediate imports of
gold, the exchange market showing
steady tone, though very dull, and no
further hardening of the rate for money
ls.g.,