The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-22
THE MORNING NEWS: WEDNESDAY, DECEMBER % 1897.

bid, Isl asked; Langley Factory. l04 bid,
/ 1854 asked; Enterprise Factory. common,
| SO bid, Sc asked J. r. King Manufacturing
/ Company, 10l bid, 1O5 asked Sibley Manu-
/ featuring Company, 20 bid, rs asked; Sa-
vannah Brewing Company, SOla bid, 50 ask
/ ed
New York, Dec. 2l.-Money on call
steady, at 2laqS per cent. the last loan
at per cent, and closing. it was offered
at per cent Prime mercantile paper.
/ Sl2Q4ls per cent Sterling exchange weak,
with actual business in bankers bills at
81 sissd4. S4&s for demand. and at SI.S1%Q
/ 4.2 for sixty days; posted rates, 81 S4l2
! and 1861 Commercial bills, 81. S4l2. Sill
Yer certificates. 5624 d572lc. Bar silver,
! 569sc; Mexican dollars; 45ssc. Government
bonds weak; state bonds were weak; rail
| road bonds were weak.
New York, Dec. H.-Business in secur-
tiles was for the most part intensely dun
to-day and prices sagged from mamma
| ton.
The most notable movement in the rail-
road list was that in Northern Pacific
preferred, which fell away point on large
realizing sales, induced by the payment
OF the dividend of l per cent, which was
| taken off the price to-day.
| Quotations from London and from the
| German bourses, where this stock is
| speculative favorite, showed that the real
| lzlng movement was in force there also,
and there were sales of the stock in this
market for foreign account. The state
ment of earnings for the second week in
December also encouraged the sellers
with its increase of less $4,000 over the
| corresponding week last year. as COM
pared with increases of over 100000 in
other recent weeks. The stock rallied a
fraction before the close.
The failure of the directors of the New
York Central to increase the dividend
above the quarterly rate of ! per cent.
caused disappointment TO holders of that
STOCK. The statement for the last quarter
was also considered disappointing, the
gross earnings showing only a slight in
crease over last year and falling over
100000 behind those of the corresponding
! period in 1895. London was a moderate
seller III this market of all the interna-
| uonal stocks. The Coalers showed a ten
! dency to react to-day on traders real
lzlng' and New Jersey Central was one
| time ~ below last nights close but it
rallied points, and its final price was
only fractionally below yesterdays close.
| sugar and Manhattan moved in a rather
erratlc manner, but were weak Metro
poiitan Street Railway, on the other hand.
was strong on talk of compromise agree
! ment with competitors. The declaration
or a semi-annual dividend of 21h per cent
on the first preferred stock of St Joe and
Grand Island lifted its price over 2 per
cent, aroused a demand for other Sc
curities of that company. The tone of the
money market continued unsettled to-day
Loans were reported during the day as
hlSh as per cent, but just at the close
OF the market there was some offered at
1 per cent, and an actual transaction was
reported at this figure,
This sudden weakening of money infu-
enced prices of stock which were weak
ana declining at the close Sterling ex-
! change also responded to the stiffness in
the money market, with a decline of 4
IN the actual rate for demand bills and 4
| IN the price of cables on London and go
day bills. There was also a significant
| decline in government new As, failing Il
b'd. The market was exceedingly mar
row throughout the day, and many usual
| ly stocks did not move at all The bond
market prices showed losses. Total sales.
$l,15OOO0
New York Closing Stocks.
Atchison ........ 1212I do pref .......142
do pref ........ 1915 St. p. & Omaha. 77s,
Balto d Ohio. 13 do do pref. &c.. 1872
canada Pac 80. S03s st. P. NJ & NJ. .123
canada Sou 80. $3.50. Pacific .... 2O1s
central Pac. 1914 So. Railway ..
Ches & Ohio. 2l1s do pref '.... 32H
Chi & Alton...161 Texas & Pacific. II
Chi b. q O.. 991sUnion Pacific . 254
Chi. & E. H.. 321aU. P. d. & g.. 78+
c. C. C. & ST. L. 347s Wabash ..........
do do pref. Sc do pref . 177s
Del Hudson. .112l4 Wheel. q L. E.. 2
! Del. q W..,.....l55 do do pref. 10
Den. & Rio c.. 1898 Adams Fxp ..156
do pref ........ 40 American Exp. lis
Erie new .. 49, United States "a
! do LIST pref. 3S Wells Fargo .115
r. wayne ..l6S1al Am. Cot. OIL. 221s
| ct. Nor. pref. ..1S0 do pref ..... 74%
Hooking Valley AZ Am. Spirits 49,. ~
| Ill. Central ....153h do pref - 171I
Lake Erie & w. 1872 Am. Tobacco -. $50
do do pref.... II do pref ........1111a
Lake Shore lib Peoples Gas 49, 961s
Louis. & Nash. 5S1k Cons Gas 1eO
Manhattan L ..1O31a Com. Gable Co. ITO
Met. Traction .124% Col F. & Iron. 22A
Mich. Central .101i5 do do pref. .. 70
Mlnn. q ST. L.. 26 Gen. Electric -. 1924
do do LIST pref. S81s Illinois Steel ... 45
Mo Pacific $50. 1874 LaClede Gas -. 4315
Mobile & Ohio. 2724 Lead .... 33s,
| M, *. " IT,. 12Ai do pref ....... .103%
do pref ......., 1874 Nat. Lin. OIL. 1874
Chi Ind. & L.. 9 Ore. Imp. Co... l71b
do do pref. 3O12 Pacific Mail ..... %
N. J. Central. 943s Pullman Pal ....172A
! N. Y. Central 10y Silver Cert .. 562l
". Y, c. & ST. L 1874 Stand. r. & t..
do do 1st pref 73 Sugar ............. 131g
do do I'd pref. 80 do do pref.....112
! Nor. Vest. IA Tenn. c. & Iron 2i1s
N. Amer. CO... 4sslU. s. Leather :. Z
No. Pacific go. 213s do pref ....... g.
do pref ........ 5S9sl III. S. Rubber. 16
Ontario & West. 1874 do pref ........ 81
| ore II. q nav. 80 west. Union -. So
Ore Short Line. IS Northwestern ...12l
Pittsburg .....16S do pref ........l64
Reading ......... 22a4 R. G. W......... %
Rock Island =. 9OA do pref ....... SO
st. L. & S. F.. 71hSt. L. & S. w.. 3b
do do LIST pref. 581a do pref ...... 90
do do I'd pref. 261a Chi. ct. VEST, Is
St. Paul ......... 1874
Bonds.
U.S.new As, reg. .12S24 N. j. C. SIS ......112st
do coup. ......12S2I ~ Carolina SIPS
u. s. As ........112A do As ...........103
do coup. ......114% ~ Pac. lists .11S
do Eds ........ 99lh do IS .......... 60's
U. S. SIS, reg. .114I do As ........ 9iIh
do IS, coup. ..11414 INY.C. & StI.4s. 1864
District 8 Cos ...109laN & w. 6s .....12fa
Ala class A ..10S Northw. con- 145
do B .........10S do deb. SIS .....117
do c ..,.......1OO o. Nav. lists ..115A
do Currency 100 O. Nav. As ..... 1915
Atchison As go. S95s O.S Line IS, t.r..122ls
do adj. Is 49,. $685. O.S Line 5s [. r.. 1914
Can. So. 2ds ...10z o. Imp. lists tr. 10215