The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-02-28
THE MORNING NEWS: SUNDAY. FEBRUARY IS 1897

95 asked Brunswick and Western As. 65
bid, 20 asked; South Bound railroad 5s SO
bid II asked Southern Railway 5s, S95a
bid, 90l5 asked; Georgia and Alabama first
preferred SIS, 100 bid 102 asked; Georgia
and Alabama first consols, 50 bid, 81 asked.
Railroad Stocks--Augusta and Savan-
nah, 9Sl5 bid, 9pa asked, ex-div.; Georgia
common, 15S bid, 100 asked; Southwestern,
SO bid "a asked. eX-div.; Atlanta and
West Point railroad stock, 80 bid 100 ask
ed Atlanta and West Point per cent.
certificates, 9S bid, 80 asked; Savannah
Construction Company. 20 bid, Y asked.
Gas Stocks-Savannah Gas Light stock,
22i5 bid, 23ia asked, eX-div.; Electric Light
and Power Company, Sc bid, 6S asked, ex-
div
Bank Stocks. Etc.-Citzens Bank, los
bid 100 asked, ex-div.; Chatham Bank,
45l5 bid 46A asked, ex-div.; Germanta
Bank, 1914 bid, 1OSl2 asked, eX-div. Mer-
chants National Bank, 81 bid, 92is 4sk-
ed, ex-div.; National Bank of Savannah,
126 bid, 12S asked, eX-div.; Oglethorpe Saw
ings and Trust Company, 102 bid 108
asked, ex-div.; Southern Bank of the state
of Georgia, 100 bid, 165 asked, ex-div.;
Savannah Bank and Trust Company, 100
bid l0l asked, eX-div.; Chatham Real I1s-
tate and Improvement Company A, 5Sl5
bid, 81 asked; B, 50 bid, 90 asked, ex-
div; Peoples Savings and Loan Com
pany, 80 bid, SO asked.
Factory BondsZAugusta Factory, 6s, 100
bid 102 asked Enterprise Factory Is 10l bid, (
102 asked; Eagle and Phenix Manufacture
ing Company per cent. bonds 10 bid,
50 asked; Sibley Manufacturing Company
6s 100 bid, 101 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, 40 asked; Augusta Factory, so
bid. 81 asked, ex-div.; Graniteville Fac
tory, 145 bid, 151 asked; Langley Factory,
103 bid, 104 asked; Enterprise Factory
NAf h oclra
Manufacturing Company, 10S bid, 104 ask
ed; Sibley Manufacturing Company. Is
bid, rs asked Savannah Brewing Com
pany, 80 bid 80 asked.
London, Feb. 27.-Bar silver, 20 11-16d
Consols, 112 11-16d for money and 1925 for
the account.
Paris, Feb. 27.-Three per cent. rentes,
| 102 francs 50 confines for the account.
New York, Feb. N.-Money on call was
at 1lsd124 per cent. Prime mercantile pa
per, per cent. Sterling exchange steady.
with actual business in bankers bills at
AS5q4S5A for sixty days, and $4.S7Q4.S74
for demand Posted rates, $4S6G4. IS.
Commercial bills, S4SS9494.S41s. Bar silver.
| 649sc. Government bonds strong; state
| bonds dull; railroad bonds firm. Silver at
the board was neglected
New York, Feb. 27.-The treasury bal
| ances were as follows: Coin, 1929 721 ,653;
currency, $6065S, 69S.
New York, Feb. 27.-The weekly state
ment of associated banks shows the fol-
| lowing changes: Reserve, increase, ST.
S55,O25; loans, decrease, 81, 1877 800; specie,
increase, $l,12S9OO legal tender, increase,
$1,OO 800; deposits, increase, $1,O9S, 100; cir
culation, decrease, $122, 800. The banks
now hold $57,4 ,975 in excess of legal re-
| quirements.
New York, Feb o. noon.-The stock
market opened strong at the following
| quotations:
IN~f0 70.
Northwestern ..1O515l Can. Southern . ASA
do pref ........1& st. Paul ......... 1874
Lake Shore 1925 Rock Island -. 67&t
MA & W. pref. 1914 Del. & Hudson .1O71h
| West. Union =. SS14 Del. L. & W.. .153%
| So. by. conn.,. 8 Manhattan 49,. 1914
do pref ....... ISIS Mich. Central -. 80
| Am. Sugar .....1173sl N. Y. Central. 1914
New York, Feb. 7.-The tone of the
! stock market was strong to-day and the
! dealings were fairly active, 1894 shares
being traded in during the two hours of
! business. At first, the buying was prin-
| cipally for the account of the shorts, but
| towards the end of the session commits
sion houses were prominent as purchas-
| ers. The buying for the long account was
attributed to the early adjournment of
! congress and a belief that higher range
of prices will follow the Inauguration of
| Mr.. Mckinley. Professional operators at
| least were inclined to this theory and ex-
tended their lines in the grangers as we'll
| as the Industrials. Lake shore was again
feature and rose to 1919, closing at 1925
and 165 asked. Rumors of big short in
terest abroad and the proposed refunding
of the per cent. bonds into 49, to 4 per
| cent. mortgages accounts for the steady
appreciation OF the stock. Chicago and
Alton. which is seldom dealt in sold at
| 1854 for one hundred shares. In the In
dustrial group, Sugar was notably strong,
moving up to 117ss on buying by brokers
| supposed to be acting for important inter
! ests Omaha common, Chicago Gas, st.
Paul, Rock Island and Northwest, all sold
| at the best figures of the week and were
! in demand at the advance. The bank
! statement showed a contraction of 81, 49,
| 800 in loans, a gain of $2,129,700 in cash an
increase of $1,09S, 200 in deposits Surplus
reserve increased 81, 1885, 25. and the banks
now hold $57, 447 975 against $24, 422, $50 in
1885, and S2S,054 500 in 1895. Speculation
closed strong with prices anywhere from
a to per cent. above Fridays closing. To-
tai sales were 50, 1874 shares, including 800
Sugar; 1850 Burlington and Quincy, and
| $500 st. Paul. The bond market was firm
to-day. The sales aggregates $764,OO0.
! New York Stock List-Stocks and Bonds
at the Closing:
Am. Cotton Oil. 1294lN., C. & st. L. 671A
do pref ....... 5515lN. J. Central. -. 96al
| Sugar ..117sslN. Y. Central. 1914