The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-16

punt o per cent. EtIlllcuIeS. lUZ DID, IuoAa
asked; Savannah Construction Company,
81 bid. 20 asked
Gas Stocks-Savannah Gas Light Stock,
Fl bid 22l3 asked Electric Light and Pow
er Company, Sc bid, 5s asked.
Bank Stocks Etc.-Citizens Bank. 1894
bid, l10l2 asked; Chatham bank, 49, bid Az
asked; Germania Bank, 1851 bid 1894
asked; Merchants National Bank 81 bid
6 asked; National Bank of Savannah,
1858 bid, l27 asked Oglethorpe Savings and
Trust Company 1903 bid, 104 asked South
ern Bank of the State of Georgia, 1873 bid,
l55 asked; Savannah Bank and Trust
Company, 101 bid l02 asked Chatham Real
Estate and Improvement Company A, 5515
bid, 561a asked, b, 54la bid, So asked Peo-
pies Savings and Loan Company, SO bid
81 asked.
Factory Bonds-Augusta Factory IS, 1O1
bid, 102 asked; Enterprise Factory 6s, 100
bid, 10l asked; Eagle and Phenlx Manu-.
featuring Company 4 per cent. bonds, 40
bid, ~ asked; Sibley Manufacturing Com
pany 6s, 1O1 bid 1O2 asked.
Factory Stocks-Savannah Cotton Fac
tory - bid, 10 asked; Augusta Factory,
so bid SO asked; Graniteville Factory, 145
bid ISL asked; Langley Factory, 1O4 bid,
1864 asked; Enterprise Factory common,
90 bid 96 asked; j. n. King Manufactur-
ing Company, lN bid, 105 asked; Sibley
Manufacturing Company, 20 bid, 76 asked;
Savannah Brewing Company, 80 bid SO
asked
New York, Oct. 15.-Money on call was
steady at 2lAd3k per cent. the last loan
was a. 21a per cent, and closed offered
at 2Ia per cent. Prime mercantile paper
415d5 per cent Sterling exchange steady
with actual business in bankers bills, at
%S42sm4S4l5 for demand and a A.S2 for
sixty days; posted rates, S4.S3a4S3la and
$4S512; commercial bills, $4Sl. Silver Ger,
fifpafac h2CThS1Lp. har eiIWaF hSAns Mpyi-
can dollars, age Government bonds were
firm: state bonds were dull; railroad bonds
were weak.
New York. Oct 15-The Evening Posts
London financial cablegram says: THE
stock markets were dun to-day. Yes
terday's rumor about the Bank of England
borrowing on consols proves to be true
and money rates are tightening. although
at present only slightly. Americans were
discouragingly dull but the prices at the
close were trife steadier. Only the pro-
fessional operators are supporting the
market here and unless 1t becomes more
attractive soon, il is believed that West
Australian mines will absorb public at
tcntion. | am told that the Banbury com
mittee of the Central Pacific railway is
receiving overwhelming support from Eu-
ropean holders. There is q Russian de-
mand for gold. The Canadian 2h per
cent. loan of 100000 was applied for twice
over 1t was awarded at about 9l1a or
half over the minimum. The Paris bourse
was dull and the Berlin market quiet"
New York, oct. 15.-To-day's market
was a contest between professional trad
ers as has been the case each day this
week. The bears were again successful
during the morning, but they encountered
resistance at the lower level, and were
forced to cover heavily before the close of
the day and on that account the prices
either way from last nights close. Chica-
go Gas continued to absorb a very large
share of attention, and 1t was I'm this stock
that the bears suffered a keen reverse.
They succeeded i'm forcing down the price
at one time to 1870, but the inside support
for the stock was very strong, and the i'd
vance drove the bears to cover, the stock
closing with a net gain Of "a points. Sugar,
which was also raded down 32s per cent,
during the morning showed considerable
resistance, recovering at one time to with
in less than a point of last nights close.
Tobacco, which sold eX-dividend of 2 per
cent, declined at one time points. These
three stocks were made the objects of the
bears most urgent attacks, and they work.
ed sympathetic decline in the general
list which extended from q fraction to two
points, the specialties and the Southwest
ern railroad stocks leading the decline.
Some favorable effect was exercised on
prices by the postponement Of the hearing
before the supreme court In the Joint
Traffic Association until January next. AL
though the decision of the court In the
case of the Trans Missouri Freight Asso-
citation has been regarded as foreshadow-
ing, an adverse decision in the Joint
Traffic Association case, much has been
made Of the tendency of the decision as
an influence on the recent bear market
and It's postponement gave a sense of re-
lief. Arbitrage brokers were quite vigorous
buyers for London account and took about
5000 shares Of various stocks on balance.
This also was a favorable influence, A
hardening tendency In the exchange mar
ket was attributed to the demand for re-
mittance by to-mOrrow's mail steamer
but some disappointment was nevertheless
felt by dealers in stocks that no engage
ment Of gold for import was made. This
was partially offset by the sentimental eff
feet of the actual arrival and deposit in
the assay office and in the clearing house
vault of further consignments Of the gold
shipped from England last week. Money
continued easy in tone, and 1t Is believed
that to-morrows bank statement will re-
fleet falling Off in the demand on this
center for funds.
Aside from the cases specified, and those
OF Susquehanna and Western preferred and
Norfolk and Western preferred, which lost
over point, net changes are very mar
row. The decline I'm Norfolk and Western
preferred was due to realizing on the dec
laration Of per cent. dividend on the
preferred stock.
Bonds moved in sympathy with stocks
and showed weakness throughout. Total
sales $l,60OCO. United States bonds IN
changed.
The total sales Of stocks to-day were
1860 shares, including Atchison preferred
1927 Chicago. Burlington and Quincy. a..
A6; Louisville and Nashville 1915: Man
haitian Elevated, 1926 Missouri Pacific.
n,9S5; NJ. X. T. preferred, 5000: New York
Central, 1915; Reading, 100; Rock Island.
$3.50; St Paul, $500; Southern Railway
preferred 6922; Union Pacific. p, 722; Amer
lean Tobacco, ex-dividend, 26, 1856: Chicago
Cos, 1880; Sugar, 5.72O; Western Union.
61Sl; Chicago Great Western. $50.
New York Closing Stocks.
Atchison ........ 135sS Paul .,.a... 922t