The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-10
THE MORNING NEWS: WEDNESDAY, NOVEMBER 10, 1897

point per cent. certincates. 1O2 bid, 1884,
asked; savannah Construction Company,
6 bid, IS asked.
p bid, 221s asked; Electric Light and Pow
er company. bid, 60 asked.
Bank Stocks, Etc.-Citizens Bank, 1924
bid 1904 asked; Chatham Bank 45 bid 46
asked; Germania Bank. ZOE bid, 10
asked; Merchants National Bank 80 bid,
81 asked; National Bank of Savannah,
Us bid asked; Oglethorpe Savings and
Trust Company, f104 bid. - Asked; South
ern Bank of the State of Georgia, l5S bid,
15S asked; Savannah Bank and Trust
Company. 101 bio. 102 asked: Chatham Real
Estate and improvement Company, A, IS
bid, 81 asked; B. SIS bid. 5512 asked; Peo-
pies Saving and Loan Company, sc bid, 80
asked.
Factory Bonds-Augusta Factory IS, 10l
bid, 102 asked; Enterprise Factory IS, 100
bid, 101 asked; Eagle and Phenix Manu-
featuring Company per cent. bonds, 40
bid, AZ asked; Sibley Manufacturing Com
pany Is, 101 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, Is asked; Augusta Factory,
50 bid, SO asked; Graniteville Factory, las
bid, Isl asked; Langley Factory, lO4 hid,
1854 asked; Enterprise Factory, common,
SO bid, Sc asked; J. r. King Manufacture
ing Company, 104 bid los asked Sibley
Manufacturing Company, 20 bid, rs asked:
Savannah Brewing Company. so bid, 81
asked.
New York, Nov. 9.-Money on call was
easy at 11512 per cent; last loan was at
per cent, and closed at 1909 per cent.
Prime mercantile paper, 324@41a per cent;
sterling exchange easy, with actual busi-
ness in bankers bills, at $4.S518d4S5ss for
demand and $4S212G4s29s for sixty days;
posted rates, $4.S31a@4S61a; commercial
bills, $4S1s4. Silver certificates, 5S12G59c;
bar silver, 575sc. Government bonds were
steady; state bonds were dull; railroad
bonds were firm.
New York, Nov. 9.--Evening Posts Lon
don financial cablegram says: '9The tone
of the stock markets was generally good
to-day; consols leading. Business is in
creasing slightly. Mines were good, nota
bly, the Australian. Americans opened
dull, but soon rose to about parity on
buying here. There was a slight setback
when New York first prices were receiv-
ed, but the close was strong at the best.
The tone was better than for some time
past. The general sentiment shows a
small account, and is going smoothly.
Contangoes on Americans were about AZ
to per cent. Tomorrow will complete
the period for which the Indian govern
ment announced a suspension of the
weekly drawings. l learn that the Indian
government has cabled their intention as
money market borrowed from the bank to-
day. The Paris and Berlin markets were
firm"
New York, Nov. 9.-The tone of the mar
ket for stocks during the latter part of
the days trading was genuinely strong.
There was steady buying of a good char
acter all day, which seemed to be for long
account, and in the final transactions the
shorts were driven to cover quite urgent
ly, carrying the level of prices strongly
above last nights close, so that the net
gains in nearly all active stocks are over
point and in many cases, notably the
Changers, and some of the southern stocks
are near points.
The professional bear element was pre-
pared for continuance of their successful
campaign of yesterday and they set about
raiding the market very soon after the
opening, which showed fractional i'm
proYements in sympathy with London.
Sugar was the vulnerable point of attack
and was driven down over per cent, on
ill-defned rumors of charges TO be formu-
lated of Illegal entries of imported sugars.
The bears also started in depressing New
Jersey Central, Manhattan and one or two
other recently susceptible stocks. But the
sympathetic decline brought about in the
rest of the list was narrow and gave sufi-
Client warning to the bears that they were
not to have things their own way so un-
resisted as yesterday.
The coalers showed marked tendency
to recover from their recent depression on
reports of an agreement between the com
petng interests in the trade. The south
ern railroads enjoyed the benefit of the
very large cotton movement, which has
resulted from the lifting of yellow fever
guarantees, and which has sent the price
of cotton to near the lowest prices of the
reaction. Bonds were dull The total
sales of stocks to-day were 37O, coo shares.