The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-01

| 43ls bid. 451a asked; Central of Georgia
| railway, second preferred incomes. II bid
| is asked Central of Georgia railway third
| preferred incomes, bid, 10 asked; Geor-
gia railroad 6s, 1910, 1141a bid, 1859 asked;
/ Charlotte, Columbia and Augusta first IS,
| 10512 bid, asked; Charlotte, Columbia
and Augusta. second mortgage Is, ia bid.
| 115 asked; Georgia Southern and Florida
new 5s, 9S1a bid, 991A asked; South Georgia
| and Florida first mortgage Is, 102la bid
| 1882 asked; South Georgia and Florida
| second mortgage IS 102 bid, 103 asked: :
Ocean Steamship per cent bonds, 1926,
10S bid, 105 asked; City and Suburban rail
! road first mortgage z per cent bonds, so
| bid, 50 asked; Alabama Midland per cent
| Endorsed, S. bid, 81 asked; Brunswick and
| Western As, 60 bid, 10 asked; South Bound
| railroad 5s Go bid, 20 asked; Southern Rail-
way 5s, 931a bid. 9f1k asked; Georgia and
Alabama first preferred 5s 103 bid, 1O4
| asked; Georgia and Alabama first consols
81 bid, SO asked.
Railroad Stocks-Augusta and Savan-
nah, "a bid. 50 asked; Georgia common,
| 172 bid, 173 asked: Southwestern, 94 bid 80
| asked; Atlanta and West Point stock 1921
| bid 1031a asked; Atlanta and West Point
6 per cent certificates. 102 bid, 103 ask
| ed; Savannah Construction Company, 65
bid, 6S asked.
Gas Stocks-Savannah Gas Light Stock,
| 221z bid, % asked Electric Light and Pow
er Company, Sc bid, - asked
Bank Stocks, Etc.-Citizens Bank, 1891
| bid, - asked; Chatham Bank, 4215 bid, 40
| asked; Germania Bank, 1857 bid, 1891
asked; Merchants National Bank, Sc bid
| S71a asked; Nationai Bank of Savannah,
/ 1875 bid, 1875 asked; Oglethorpe Savings and
| Trust Company, 103 bid, 104 asked; South
ern Bank of the State of Georgia, 1853 bid,
| 155 asked; Savannah Bank and Trust
| Company, 100 bid, 102 asked Chatham Real
Estate and Improvement Company, A. So
bid, 56 asked; B, 541a bid, So asked; Peo-
pies Savings and Loan Company, 80 bid,
| "a asked.
Factory Bonds-Augusta Factory 6s, 1O1
| bid l02 asked; Enterprise Factory 6s, 100
| bid, 101 asked; Eagle and Phenix Manu-
featuring Company 6 per cent bonds, 40
bid, AZ asked; Sibley Manufacturing Com
| pany 6s 101 bid 102 asked
Factory Stocks-Savannah Cotton Fac
| tory - bid % asked; Augusta Factory,
| 80 bid, SO asked; GraniteVille Factory las
bid 151 asked; Langley Factory, 1O4 bid
1854 asked; Enterprise Factory. common,
SO bid. Sc asked; ]. R. King Manufacture
| ing Company, 104 bid, 105 asked; Sibley
Manufacturing Company, 20 bid, rs ask
| ed Savannah Brewing Company, = bid, So
asked.
New York, Sept. 3O.-Money on call
| steady at 2l213 per cent. the last loan
| was at per cent, and closed offered at
| 2 per cent. Prime mercantile paper, 4A65
actual business in bankers bills, at $4.S4st
for demand and at $4S21ad482a4 for sixty
days; posted rates, S4.S394.S4 and $4S51k9
4.S6; commercial bills, $4.81@4.S115. Silver
certificates 54s4@56c; bar silver, 54Ac
! Mexican dollars, 424c. Government bonds
| were strong; state bonds were dull; rail-
| road bonds were firm.
New York, Sept. 90.-Evening Posts
| London financial cablegram says: THE
| stock markets here were good to-day, ex-
| cept Americans, which followed the New
| York lead and closed at about the low
est. 1t is not likely that there will be any
| strong renewal of buying of Americans
| here until the New York position has
| been more clearly defined. It is still be-
| lieved, however, that New York will soon
| start an upward movement again, as the
| revival of trade activity there is increas-
! ingly credited here. 1t is thought that
| New York also will attract more gold. al
| though there are no signs of fresh ship
| ments at the moment Mines We're good
| and the papers talk of a transference of
| attention from Americans to them That
| however, practically depends on the New
| York initiative. South Americans were in
| favor, notably Argentine and Brazil
! Short time loans are in demand here as
| is usual on the last day of the month and
| the bank lent a considera BILE amount to-
| day. The Paris and Berlin markets were
| firm.
| New York, Sept. SO-There was no sign
| of anything in to-days stock market TO
! give encoura cement to the hope of those
| who profess to believe that the market
| has run its course, so far as reaction is
concerned, and is ready to resume it's up
ward course. The character of the deal
ngs did not differ in any respect from
| those of yesterday. Prices were raided
down with great facility, and the de-
clines invited large offerings. The slight
rallies which occurred a few times, on the
contrary, led to an almost total cessa-
ton of activity and the upward course of
prices was hating and difficult.
The net decline achieved to-day is very
much greater than that of yesterday only
because the bears reserved their greatest
efforts for the last half hour of trading,
leaving no opportunity for recovery be-
fore the close. This was apparently ow-
ing to an excess of confidence on the part
of the bears, who were content TO leave
their short contracts uncovered over night
instead of realizing Immediately. The
market continued almost wholly profess
sional, and the dealings seemed to be con-
fined to the room traders, except where
the sharp declines uncovered orders
placed TO stop losses. These were in large
volume and aided materially in the de-
cline. a feature of the day was the re-
versal of the position of operators for the
London account, who were sellers to-day
London prices, also, came lower. and this
was said to be due to a resumption of the
selling there for New York account, which
was so persistently adhered to up to
short time since.
The statement of earning for Burlington
for August had been expected to check
the decline in prices, but favorable as it
was it had not only been fairly discount
ed, but exaggerated reports of the extent
of the improvement had been put in cir
culation for effect on speculation.
The actual result showing an increase
in net earnings for the month Of $344.276
is ample indication Of the enormously in
creased traffic which is being handled by
the railroads. Weekly earnings to hand
for the third week of the current month
were. equally encouraging, the improve
ment extending even to some Of the soft
coal roads. which have long suffered from
the depressing conditions in that trade
The resignation of the Spanish ministry
and The prospects Of a liberal government
in Spain. were accepted as tending to
amelorate the relation between that coun-
try and the United states, and the news
that conciliatory proposals from the Gu
han Insurgents had been received NJ