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

SOlS, y plUs % asked.
Railroad Stocks-Augusta and Savan-
nah, IS bid, 90 asked; Georgia common
l72 bid. 173 asked; Southwestern. "a bid
stock, 1o2ia bid, 1882 asked: Atlanta and
West Point per cent. certificates. 102 bid,
l0S asked: Savannah Construction Com
pany. 60 bid, 81 asked.
Gas Stocks-Savaunah Gas Light stock,
% bid. % asked; Electric Light and Power
Company So bid, &C asked.
Bank Stocks, Etc.-Citizens Bank 1897
bid, asked: Chatham Bank, 421a bid,
49, asked; Germania Bank. 100 bid. no
asked; Merchants National Bank, S51s bid,
S7l2 asked; National Bank of Savannah,
125 bid, 1875 asked; Oglethorpe Savings and
Trust Company, 1903 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, IS
bid, Sc asked; b, 54I4 bid, 5424 asked; Peo-
pies Savings and Loan Company, 80 bid,
- asked
Factory Bonds-Augusta Factory 6s, 101
bid, lO2 asked; Enterprise Factory IS, 100
bid, 101 asked; Eagle ana Phenix Manu-
featuring Company 6 per cent. bonds,
40 bid, AZ asked; Sibley Manufacturing
Company IS. 101 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, bid % asked; Augusta Factory,
so bid, 50 asked; Graniteville Factory las
bid, 151 asked; Langley Factory 104 bid,
1854 asked; Enterprise Factory, common,
90 bid, 96 asked; j. r. King Manufacture
ing Company, 1O4 bid, 1O5 asked Sibley
Manufacturing Company. 20 bid, 76 ask
ed; Savannah Brewing Company, - bid IS
asked.
New York, Sept. S.-NIoney on call was
easy at 1AG1ia per cent; the last loan, IL
per cent. c4osed at 1AG112 per cent. Prime
mercantile paper, S34@f14 per cent. Sterling
exchange firm with actual business in
bankers bills at $4S6A14S615 for demand,
and A.SS&G4S4 for sixty days. Posted
rates, &.&1kd4S515. and $4S61a@4 S71s. Com
mercial bills &SS Bar silver, 53c. Mex
lean dollars, 42Ac. Government bonds
were firm; state bonds were dull; railroad
bonds We're strong.
New York Sept S-Evening Posts
London financial cablegram: Americans
were very dull at the opening of the
stock markets here to-day, but later re-
covered under the New York lead. After
the experience of Monday, the dealers are
not at all anxious to strike out any indie
pendent course, and win look to Wall
street more than ever for guidance in
fixing quotations. Hopeful views are en-
tertained, but there is no inclination to
support opinions. The other markets
were quiet and without special feature.
Bank of England rate continued to un-
dergo modification, and discount rates in
the market are steadily falling. Unless
there should be a large export of gold be-
tween now and Thursday an advance in
the bank rate is most improbable.
twenty-five thousand pounds in gold
was taken from the bank to-day for In
Ola, but the operation has nothing to do
with the recent transactions of the India
council. The Berlin market was weak.
and that in Paris was quietly steady"
New York, Sept. 8.-To-day's stock mar
ket was very irregular, but it was much
less under manipulation than for over a
week past and the general tone was one
OF strength. There was realizing on large
scale all day, but the offerings for this
purpose were more naturally absorbed
There was no one stock lifted by sensa-
tional jumps to stimulate buying of the
realizing offerings, a condition in marked
contrast to the invariable rule for MANY
days past. Northern Pacific preferred,
which was the stock under man
lpulation for rise yesterday
was rather a drag on the market all
day to-day and lost point of it's gain.
the common stock showing fractional ad-
vance. The course of the market was
downward at the opening, the information
al and grangers leading, in sympathy with
the decline in American on the London
exchange. Strength developed in a number
of stocks which stemmed the decline and
carried prices to the best of the day. Pro-
fit taking al the close caused the loss of
part of the GAIN so that net changes in
many of the leading shares are of very
narrow proportions.
The decision of the Atchison directors to
pay per cent. on the adjustment bonds
out of the earnings of the year, ending
June 30, directed attention to the re-
sources of that company and all of the
stocks and bonds were very active and
very strong all day. The preferred stock
which has been held down by realizing
sales for some time past, opened off 81 but
a an mo tez H.
Profit taking at the close reduced it's net
gain to 11a per cent. The adjustment bonds
gained point net.
There were 1900 shares of the preferred
stock sold during the day. New York
Central lost point in the early dealings
but more than recovered it on the publ
cation of the statement of the August
earnings. The Changers moved very
slowly all Gay, and showed large falling
off In activity, except st. Paul which
came next to Atchison preferred with
sales of 5000 shares. The stock declined
fractionally at the opening, but rose
strongly 49, and fell off a fraction at the
close on profit taking.
Sugar was subject to a rush to realize
when IL became known that the directors
had declared only the regular quarterly
dividend of per cent. on the common,
and 3A per cent. on the preferred stocks
1t has been rumored that an extra divi-
denu Would De declared. After rising to
1864 after the opening, the price fell to
153 and fluctuated in a very erratic man.
ner. but closed at a recovery of over 2
points. The preferred stock also fell over
two points.
Notable gains were made by the lead
stocks, the common gaining nearly two
points, and the preferred three points.
Illinois Central advance "a per cent. on
reports of large increase in the earnings.
Louisville Southern preferred and Mobile
and Ohio recovered a point over of their
early depression, which was due to the
yellow fever scare. There was some
movement in stocks of soft coal roads on
the prospects of a settlement of the min
er's strike. Wheeling and Lake Erie pre-
ferred gained pa. Consolidated Gas
jumped five points over yesterdays high
record price TO 207%.
The total sales of stocks to-day we're
597 692 shares, including Atchison, 1880;
do preferred, 1885 SIlesa peake and Ohio
$3.50; Chicago, Burlington and Quincy, 49,
$50; Illinois Central, II, 100; Louisville and
Nashville, 1880; Missouri Pacific, $3.50;
New York Central. S,34O; Northern Pa.
cific, 1850; do preferred, 1880; Reading,
1850; Rock Island, 1920; ST. Paul, 5422O; |
- IL H.