The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-21

| Railroad Stocks-Augusta and Savan-
nah, 93S4 bid, 50 asked; Georgia common,
| III bid, l73 asked; Southwestern, "a bid, IS
asked; Atlanta and West Point stock. 1O2Ih
bid, 1885, asked; Atlanta and West Point
6 per cent. certificates, 1929 bid 1882 ask
! ed; Savannah Construction Company, 60
| bid, 6S asked
Gas Stocks-Savannah Gas Light Stock,
| 2212 bid, % asked; Electric Light and Pow
er Company, 55 bid, 60 asked.
| Bank Stocks, Etc.-Citizens Bank, 1O91t
| bid, - asked; Chatham Bank AZ bid, 42Ia
! asked; Germania Bank. 1857 bid, 1897
asked; Merchants National Bank, S515 bid
! S7l2 asked; National Bank of Savannah
| l25 bid, 126 asked; Ogletnorpe Savings and
! Trust Company 103 bid, 1O4 asked; South
ern Bank of the State of Georgia 152 bid
155 asked Savannah Bank and Trust
Company 100 bid, 102 asked; Chatham Real
Estate and improvement Company A. 80
bid, Sc asked; B, 54la bid, So asked Peo-
pies Savings and Loan Company, 90 bid
81 asked, eX-div.
Factory Bonds--Augusta Factory 6s, l01
| bid, 102 asked; Enterprise Factory Gs, 100
bid, lOl asked; Eagle and Phenix Manu-
featuring Company per cent. bonds, 40
bid, AZ asked; Sibey Manufacturing Com
pany 6s, 1O1 bid, 1O2 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, % asked; Augusta Factory
so bid, So asked; Graniteville Factory, AS
bid, Isl asked; Langley Factory 104 bid
! 1854 asked Enterprise Factory. common
SO bid, Sc asked j. r. King Manufactur-
ing Company, 1O4 bid. los asked; Sibey
Manufacturing Company, 20 bid, rs ask
ed; Savannah Brewing Company - bid IS
asked.
New York. Sept. 20. 3 p. m-Money on
call was firm al 2d31A per cent; the last
loan was at per cent, and closed at 5d31A
per cent. Prime mercantile paper, 4G415
per cent Sterling exchange steady with
actual business in bankers bills at 81 S77k
for demand and a. $4.S224 for sixty days
Posted rates, 81. S314Q4.S4, and S4S51a1
4.S6h Commercial bills, $4.S11sd4. So Sill
veH certificates 59d601ac; bar silver 591kc !;
Mexican dollars, 44c. Government bonds
easier; state bonds were dull railroad
bonds were steady.
New York, Sept 20.-The Evening Posts
London financial cablegram says: THE
stock market was stagnant to-day, apart
from small revival in English rails
Americans were dull at the opening, on
the New York lead this morning and on
reports of business difficulties of a large
operator in New York, whose name was
mentioned in a London Times cable of to-
day. There was little disposition here to
purchase largely on the reaction, but New
YORK bought Denver preferred and some
other stocks this afternoon, and prices
closed generally frmer. The Paris and
Berlin markets We're dull
New York, Sept 20-rhe market was
dull and comparatively neglected during
the greater part of the day, and the mark
ed advances were confined to a few spe-
clhl instances uD to the final half hour
The bears encourage by the lack of ac-
tivlty in the trading and the rise in the
money rate, then fell upon the market and
raided it to such good effect that few ac-
tive stocks escaped with a net decline of
less than q point and in a few instances
much larger losses were shown as a re-
suit of the days trading. The pressure
10 sell and the resulting declines were es-
peeially heavy in the Changers.
Burlington, which had been pushed in
the morning to new high record al 1921,
fell 10 par in the closing transaction and
Chicago Great Western which had shown
great animation and had risen to 2Ok
fell rs. Omaha, which has been con-
spicuously strong in recent markets. fell
~, and its parent stock, Northwestern,
dropped off IA. Rock Island was the fea-
ture of the market during the early period
of the day, and had advanced 2 points
The final LIQUIDATION left it still with a
fractional net gain. The local gas stocks
whose sensational advances had sustained
the market ON recent occasions, were
prominent in the decline, Consolidated Gas
dropping points and Brooklyn Union A.
The Vauderblts and Trunk lines, the
Coalers and the leading Industrial shares
and soecialties, ali shared in the weak
ness, and nearly all showed declines of
a point or upwards. Louisville, which
has shown weakness recently on account
OF the yellow fever scare, was an excep-
ton, and closed with a net gain of a small
fraction. Baltimore and Ohio showed
marked strength early rising points and
closing with a. net gain of IA. Western
Union and Wabash preferred, which made
sharp gains early in the day, fell heavily
to below Saturdays close.
The course of the London stock market
caused more or less depression here at the
opening and again when London 5 closing
quotations were received, showing some
heavy declines from their opening prices
The Changers were somewhat sensitive
also to reports of bad weather for crops
in the west. But the decisive influence in
the decline was a sudden stiffening of the
rates for call money to per cent Quite
a large amount had been Offering all day
at as low as 2 per cent, but in the final
hour money lenders demanded 4 per cent
There continued to be a large demand,
and figures ranged from to 4 per cent
loans being made al the higher figure up
10 the last half hour. The closing saw a
decline to per cent. The stiffening in
the money rate came too late in the day
to affect the exchange market
Rates for sterling exchange were some
what harder during the day. though the
L
rate for 60-day bills was advanced DC to
$4.SS12. Actual rates for demand bills were
quoted X per cent higher, and for sixty
days, IL per cent. higher. Interest centers
in the effect which the hardening of money
rates and the calling of loans will have
on the exchange market and the import
of gold.
The total sales of stock to-day were BIZ
1853 shares. including Atchison, 5s25; Atchi-
son preferred 10, $50; Baltimore and Ohio
$500; Chesapeake and Ohio, 49, SO: Burling
ton, $4,000; Louisville and Nashville. 1870:
Manhattan, 1890; Missouri Pacific. $500:
New York Central. 100; Northern Pacific
preferred. 1890; Ontario and Western.
500; Reading. 1920; Rock Island. 1000:
st. Paul, 27740; Union Pacific, 2i,525: I'm
ion Pacific, Denver and Gulf, 1880: Wa
bash preferred, 1880; American Tobacco.
20,5l0; Bay state Gas. $3.50; Chicago Gas.
14,02o; Sugar, $500; United States Leather
preferred. 600.
Railway bonds were not so actively dealt
In to-day, sales amounting 10 81 100000
Prices were about steady. United States
coupons Is sod al ia; United States regls-
tered at liza and the IS coupons at 1l4a..
Bid prices for government bonds receded
q fraction all round