The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-03
THE MORNING NEWS: WEDNESDAY, MARCH 3, ls9z

Savannah Bank and Trust Company, 700
bid, l0l asked. ex-div.; Chatham Real Es-
tate and Improvement Company A, 53lA
bid, q asked; b, 81 bid, So asked eX-
div; Peoples Savings and Loan Com
pany, 90 bid. 9S asked.
Factory Bonds-Augusta Factory, Is, 100
bid, 1O2 asked Enterprise Factory 6s 102 bid.
10S asked; Eagle and Phenix Manufacture
ing Company, 6 per cent. bonds, 40 bid,
50 asked; Sibley Manufacturing Company
6s 100 bid. lOl asked
Factory Stocks-Savannah Cotton Fac
tory, - bid, 10 asked; Augusta Factory so
bid 81 asked, eX-div.; Graniteville Fac
tory, l45 bid, 15l asked; Langley Factory,
1919 bid, 1852 asked; Enterprise Factory
common, sc bid, 80 asked; ]. r. King
Manufacturing Company, 104 bid. 1O5 ask
ed; Sibley Manufacturing Company. 70
bid, Is asked; Savannah Brewing Com
pany, 80 bid, 20 asked.
London, March 2.--Bar silver, 292ld. Con-
soils. Ill 1916 for money and 112 for the
account.
Paris, March 2-Three per cent rentes,
l02 francs 50 ceutimes for the account.
New York. March 2.-Money on call was
easy at 1laGl% per cent; the last loan
was at IL per cent, and the closing was
offered at IL per cent Prime mercantile
paper, per cent. Bar silver, 6ilsc. Ster-
ling exchange easier, with actual bust
ness in bankers bills. at $i.S514 for sixty
days and $4S7A for demand. Posted
rates, $4.S6@4.SS. Commercial bills, SISSY
! @4.SiA. Government bonds firm; state
bonds dull; railroad bonds higher. Silver
at the board was weak.
New York, March 1.-The treasury bal
ances were as follows: Coin $lS1, 1853, BIS;
currency SCI, S2S62i.
New York. March 2, noon The stock
market opened strong at the following
quotations;
Erie ............. l45kl Bait. & Ohio .... 1874
Northwestern ..1055s Can. Southern e. 45A
do pref .......154 St. Paul ......... 77j4
Lake Shore ..,169 Rock Island -. 675s
~. & w. pref e. 1875 Del. & Hudson. 1914
Western Union. S2}l Del, L. & w.. 1853
So. Ry com -. 9isIManhattan ...... S6la
do pref ........ 2S1a! Mich. Central .. 20
Am. Sugar .....117GIN. Y. Central =. 9414
New York, March Am the early trad
ing at the stock exchange the market was
inclined to weaken, owing chiefly to the
quotations from London and renewed ac-
tivity on the part of the bears who are
working for a reaction. The foreign sell
ing was attributed to uneasipess prevail
ing in London over the South African stu
alton, but in the aggregate the stocks sold
for this account was of insignificant pro-
portions The decline was also unimpor-
tant except in the case of Jersey Central
and Manhattan. Jersey Central dropped
> per cent. to 1914 on sales by brokers, who
have been active in depressing the stock
for some time past. Manhattan fell 10
S55s on the revival of the reports of the re-
duced dividends. The directors of the COM
pany held meeting to-day and according
to rumor, the dividend question was not
acted on. The early losses in the general
list was only a to q per cent. In the af-
ternoon a firmer't tone prevailed, the result
Of the announcement by Lake Shore of
the sale of $4,000, COO worth of gold bonds.
The bonds are to pay SA per cent. and run
for 100 years. The issue IS made for the
purpose of retiring 100000 per cent.
| bonds maturing from 1898 until 1903. This
successful negotiation led to purchases of
stocks by both the long and short account,
and prices advanced to the top figures of
the day. The favorable statement of the
Burlington and Quincy for January added
to the bullish feeling and encouraged pur-
chases of the western issues. Among the
| latter, Omaha common was conspicuous
| for rise to 3d. the highest prices of the
| year. Lake Shore, however, was the fea-
ture, jumping from 167 to 1711a with a sub
! sequent reaction to 1897 lAll the other
| Vanderbilt railway properties moved up
| in sympathy. In the Industrials Sugar
was sold at the start on vague Washing
! ton rumors of unfavcrabe tariff action
| by the new congress In the late trading
] there was some disposition to take profits
| and the market receded fractionally. At
| the close the market was firm. Net
| changes show gains of Il to q per cent.
| Lake Shore, however, gained 3 per cent.
| and Brooklyn Union Gas per cent. Total
| sales lSS0O0 shares. Bonds were firm in
| tone to-day. The sales aggregated $1,317,
| co.,
New York Stock List, Stocks and Bonds