The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-29

mortgage per cent bonds, 81 bid. 49, ask
ed; Alabama Midland per cent. indorsed
80 bid, 81 asked; Brunswick and Western
As Go bid. 71is asked South Bound rail-
way IS, 65 bid 20 asked; Georgia and Ala
bama first preferred 5s, l0l bid. l02 asked:
Georgia and Alabama cons IS. 70 bid, 50
asked
Railroad Stocks-Augusta and Savannah.
95ia bid, 96is asked; Georgia, common, ~
bid, us asked; Southwestern, SO bid. "a
asked, eN-div.; Atlanta and West Point
stock l02 bid, lOi asked; Atlanta and
West Point G per cent. certificates. 10ih
bid l03 asked; Savannah Construction
Company, 70 bid, IS asked.
Gas Stocks-Savannah Gas Light stock
% bid % asked Electric Light and
Power Company, 60 bid, % asked, eX-div.
Bank Stocks, Etc. - Citizens Bank, 100
bid asked, ex-div.; Chatham Bank, As
bid - asked ex-dv.; Germania Bank. 100
bid - asked; Merchants National Bank
SO bid, 30 asked; National Bank OF Savan-
nah, 1876 bid, asked; Oglethorpe Savings
and Trust Co., t03 hid, asked ex-div.;
Southern Bank of the State of Georgia.
149 bid l5l asked; Savannah Bank and
Trust Company. i0l bid, - asked; Chatham
Real Estate and Improvement Company,
\, So bid 81 asked; b. 55 bid, 55l5 asked;
Peoples Savings and Loan Company, %
bid 100 asked.
Factory Bonds--Augusta Factory 6s. 101
bid, l0l asked; Eagle and Phenix Manu-
featuring Company per cent, bonds,
bid 40 asked; Sibley Manufacturing Com
pany Gs, l0l bid, 1902 asked
Factory Stocks-Savannah Cotton Fac
tory bid 10 asked; Augusta Factory,
50 bid SO asked: Grnniteville Factory, l45
bid, 15l asked: Langley Factory, 1914 bid,
1854 asked Enterprise Factory, common,
% bd y6 asked; j. r. King Manufacturing
Company. 10i bid. los asked Sbley Manu-
featuring Company 20 bid, 7G asked; Sa-
vannah Brewing Company, 50 bid 81 asked.
New York Dec. 2S-Money on call was
firm, at 2l@al5s per cent; last loan, per
cent. closed, 2lsqS per cent. Prime mer-
camille paper. 3ieU4A per cent. Sterling
exchange steady, with actual business In
bankers bills a. $4.sihG4s SAX for demand,
and al SLSliAIfdai for sixty days; post
ed rates 81 s2ta64.S3 and SS5lalt4.s6;
commercial bills, $l.S0ladisl Silver GER
tihcates. 56i505sc, Bar silver, 5GAc; MeXi-
can dollars. 455sc Government bonds
weak; stnte bonds were dull; railroad
bonds We're weak.
Washington, Dec. 2S-To-day's state
ment of the condition of the treasury
shows: Available cash balance, S240,73l
G5S; gold reserve, SG),5SS 9il,
Paris Dec. 2s.-Three per cent rentes 1903
francs. 50isc Exchange on London 22G23c.
New York. Dec 2S-The Evening Posts
markets here wore a holiday appearance
to-day Tho money for settlement pur-
poses was dearer, the rate on Americans
being fully per cent. The tone was duh
for choice but there was no business.
-Iho--Bank OF England Is charging 4 per
cent. for advances but is dlscounting at
per cent No advance IN the rate Is ex-
pectcd. Now that New York exchange
has RISEN gold may go TO India, money be-
ing very much wanted there and the or
dinary sources OF remlttances being cur
tailed"
New York. Dec 2s.-The bears in the
/ stock market showed somewhat more con-
iidence to-day and had some success IN
reducing prices. The most potent factor
IN their favor was the continued hrmness
OF the money market but much was made
Of enc time during the day Of the reported
willingness Of the Secretary OF the Treas
ury to resign hs office This report was
exaggerated into "a story that the resig-
nallon had actually been made. and the
effect was TO precipitate a selling move
ment, which was, however. confined to
! the professional traders, and which reach
cd only moderate proportions. The mar
ket showed no change from It's recent
holiday character. and It's semblafhe OF
/ waiting for conditions In the money mar
! kei to become more defined and settled.
Had II not been for the sustaining in-
/ nuence in one or two Of the speeialtles
! notably Manhattan, Western Union and
! Brooklyn Transit, the scale would have
! inclined much more sharply 10 the side
| Of depression. Third Avenue. which had
! been 20 prominent feature In the recent
/ market, reacted points to-day, and Pitts
| burg. Cincinnati and Chicago and ST.
! Louis preferred also fell conspicuousy 2ss
! in the late dealings. The Coalers were
notably weak. Metropolitan street Rail-
| way, which was dealr in ex-dividend OF
| IA per cent, showed some feverishness
but ended with small net gain. Burling-
! ton fell nearly a point below par in face
/ Of a November statement, showing an IN,
crease In net earnings over last year OF
| .7SS. even after the operating expenses
Of the road had been run up over $3.50.
| coo above last year.
| To-days clearing house statement show
ed the treasury department a debtor on
| balance to the extent Of 81 III 234 Yes.
! terday Union Pacific payment for the re.
organization committee found a place In
! to-day's clearing house operations. 1t In
I vOlVed payment into the sub-treasury oil
about S4,Jc0,000 in cash. II follows thai
the sub-treasury paid out to-day over S.
| 10000 for redemption Of Pacific bonds. by
/ yesterdays and to-day's operations, the
| government has supplied the money mar
ket with over S5,OO0.OO0 on balance The
tone Of the market. however, was moi
markedly easier, loans being made as or
yesterday. all the way from 31a to AZ pei
cent, with exceptions al the close al
per cent. Sterling exchange Is also con
| tinued steady. There are several mil
lions Of Pacific bonds which mature OF
Jan. /. and which are now available foi
redemption under the governments offer
| but IT is difficult TO estimate how far ths
owners Of these bonds will avail them
selves Of the governments offer
The firmness of the time money marke
for the shorter period, the rate being 81
per cent. from sixty 10 ninety days, In
dictate the belief that rates may continue
stiff after the first Of the year. The de
mand for money in London and Berlin
has It's effect IN keeping up the rate, an.
| II Is believed 10 be not improbable tina
the Eank OF England will advance It's min
imum rate this week. There Is perfec
confidence felt however that this woul,
not avail 10 prevent a movement OF goll
| Ia this direction. II any real stringenc,
WAS threatened az this center.
The bond market showed some irregu
| larity to-day, sharp advances being show
| 10 some cases. while others were con
| spicuousiy heavy. Total sales we're 81.
| 00oOo United States old -, registered
declined X. the new ~, registered. n, IN
Old 4s, registered, sold later az 1924, IN
| asked price.