The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-15

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| Company, 65 bid, 6S asked
Gas Stocks-Savannah Gas Light stock,
22la bid. 2sasked; Electric Light and Power
| Company. IS bid, &C asked.
Bank Stocks, Etc.-Citizens Bank, 1891
bid, asked: Chatham Bank, 421s bid,
1917 asked; Germania, Bank. 10Sis bid. 109A
asked; Merchants National Bank, S5is bid,
] S7i2 asked; National Bank of Savannah
l25 bid, 126 asked; Oglethorpe Savings and
| Trust Company 103 bid l04 asked: South
ern Bank of the State of Georgia 152 bid.
l55 asked; Savannah Bank and Trust
/ Company, 100 bid. 102 asked; Chatham Real
Estate and Improvement Company, A, 90
bid, Sc asked; B, 54A bid, So asked; Peo-
pies Savings and Loan Company, 81 bid,
| "a asked ex-div.
Factory Bonds-Augusta Factory 6s, 101
bid, 1O2 asked; Enterprise Factory Is, 100
| bid. l0l asked; Eagle ana PheniX Manu-
featuring Company 6 per cent. bonds,
| 40 bid AZ asked; Sibley Manufacturing
Company 6s, 101 bid 1O2 asked
Factory Stocks-Savannah Cotton Fac
| tory, = bid. % asked; Augusta Factory,
so bid, SO asked; Graniteville Factory. las
bid, 151 asked; Langley Factory, 104 bid,
1854 asked Enterprise Factory, common,
SO bid. 90 asked; ]. r. King Manufacture
ing Company. 104 bid, 105 asked; Sibley
Manufacturing Company, 20 bid. 76 ask
ed; Savannah Brewing Company, - bid IS
asked.
New York. Sept. 14.-Money on cal was
|
2 per cent, and closed at 11sd2 per cent,
Prime mercantile paper, 3&@41a per cent.
Sterling exchange weak with actual bus
mess in bankers bills at 81 S47sGD4.S5 for de-.
mand and at s4.S21sQ4,S224 for sixty days.
Posted rates, $i.S513G4S612, and $i.Sil2c.
Commercial bills, $4.Sl15q4.S2. Silver GER
| tthcates, 551aGI57c. Bar silver, soc. Mex
lean dollars, 43c. Government bonds were
firm; state bonds were dull; railroad bonds
were firm.
New York, Sept 1.-Evening Posts
London financial cablegram: "In the
stock markets to-day Americans opened
steady then became dull under the New
York lead, but later recovered and closed
firm with London buying. Grand Trunk
Canada stock continues to advance.
Venezuelan bonds have fallen heavily on
the default in the remittances for service
of debt. There are no particulars yet re-
garding the tenders for Indian treasury
bills, except that twelveA months bills at
f97, IS, Sd, receive a percentage. The mar
ket rendered and got a fair amount in
the neighborhood of 2 HIS. With a view
possibly of assisting speculation in silver,
the rumor is revived that the Indian mints
will reopen. This is not generally credi-
ted. The Paris bourse was quiet and dull
and the Berlin market was dull and fea-
tureless."
New York. Sept ITO days operations
have resulted in another substantial ad-
| vance III tne leNel Oh prices OH the SlOch
| exchange. There was some talk during
the morning of the existence of a power
full bear pool, which was prepared for eX-
tensive operations for a decline. The
supposed prestige of this combination
coupled with the fact that London prices
came lower this morning, apparently be-
| cause of doubts raised by yesterdays re-
action here led to the early success of the
bear contingent. The arguments they used
were the same as yesterday, the ikeli-
hood of ENHANCEMENT over the Cuban
question, the danger of yellow fever and
in addition the damage done by storm on
the Gulf of Mexico. The latter showed
it's effect on Kansas City, Pittsburg and
Gulf. St Paul and Burlington were driv-
en- below par and all the Changers de-
clined an average of about Y, while Louis
Vile, Southern preferred, and Kansas
and Texas preferred went off nearly a
point the latter on profit taking. which
continued all day.
The whole list receded a fraction. Later
came denials from Washington, on au-
, thority quite as weighty as the first asser-
ton, that no warlike measures were pro-
/, jected on the Cuban question. The first re-
| ports of heavy damage by the Gulf storm
were also denied. At the same time the
marked weakness in the exchange market
came into notice, actual rates for both long
and short sterling and for cables receding
20 to p per cent. London was also buying
quite freely of favorite stocks
The indications of a prospective increase
of the balance of trade IN our favor led
to expressions by foreign bankers that a
heavy gold import movement was certain
to result and was likely soon to com
| mence.
Money continued also to move very free
ly to the interior. AS the general news
bearing on the business outlook all con-
tinued favorable the prospect of gold i'm.
ports prove an available means to turn
the tide in favor of the bulls. At the
same time 1t was reported from Wash
ington that the differences between the
government and the syndicate organized
to purchase the Union Pacific had been
arranged and that approval would be
given at the cabinet meeting in the after
noon. 1t was on this account that Union
Pacific became so prominent in the after
noon rise its extreme rise being 3ls and
its net gain "a. Northwest and Omaha
were also notably strong and led to a
buying movement as on former occasions.
in all the Vanderbilt stocks. St. PAU
also recovered from the early depression.
advancing IA. Northern Pacific preferred
rose points. The market reacted to some
extent before the close and this, coupled
with the early decline makes the net
gains considerably smaller than the ex-
IRENE advances.
The price of bonds fell off at the open-
ing, but the market became strong later
Total sales amounted to 100000. United
States old As, registered, sold at 112
Total sales of stocks to-day were 4s4. 900
shares, including Atchison preferred, g.
$780, Canada Southern, 10 $50; Chesapeake
and Ohio, 1885; Chicago, Burlington and
Quincy. 20,070; Louisville and Nashville.
11,4SO; Manhattan L.. 1855; Missouri Pa
cific, 1885, Missouri, Kansas and Texas.
preferred, II, 40; New York Central II. 800;
Northern Pacific. 5,175; do preferred, %. :
O2S NorthBesNEn, 1850; Reading, 9.1SO:
Rock Island, 1897; st. Paul, 50, 155: St.
Paul and Omaha, 19,4OO Southern railway
preferred, 5Sl5; Union Pacific, 1850;
Wheeling and Lake Erie, 1924; American
Spirits preferred, 1850; American Tobacco
preferred, 1885; Chicago Gas, 1880; Con-
solidated Gas, $500; General Electric, 49,
64O Laclede Gas, 500; Sugar. q 500; Ten
nessee Coal and Iron, 5.785; Western I'm
ion, 6,S4S; Chicago Great Western, 6,020.
New York Closing Stocks.
Atchlson ..-.. 1875 do do pref -. 10
do pref. ...... 341Al st. Paul .......1O1A
{ Bait. and Ohio. IS do pref 1881
Can Pacific e. 1874 st. P. & ON. =. sO7s