The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-02

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STREET, SALAMANCA.
OXXXVVVVXVVVW
mortgage Is, 1oi bid, 1912 asked: South
Georgia and Florida second mortgage Is
| lO2 bid, 103 asked; Ocean Steamship per
cent. bonds. 1926, 1O1 bid 1O2 asked; City
| and Suburban railroad first mortgage Z
| per cent. bonds so bid. IS asked; Ala
bama Midland per cent Endorsed, 90 bid
80 asked; Brunswick and Western As, 65
bid, 20 asked; South Bound railroad IS, SO
bid, II asked; Southern Railway SIS S91b
bid, 9ola asked; Georgia and Alabama first
preferred 5s, 100 bid, 1902 asked; Georgia
and Alabama first consols, so bid, 81 asked
Railroad Stocks-Augusta and Savan-
nah, 1913 bid, 9i1a asked, ex-div; Georgia
common, 1853 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, 70 asked
Gas Stocks-SaVannah Gas Light stock
221s bid, 2352 asked, eX-div.; Electric Light
and Power Company, sc bid, 6S asked, ex-
div.
Bank Stocks, Etc.-Citizens Bank. ;oS
bid, 100 asked, ex-div.; Chatham Bank
Asa bid, 46A asked, ex-div; Germania
Bank, 1919 bid, 10S1s asked, ex-div; Mer-
|
ed ex-div.; National Bank of Savannah
126 bid, 12S asked, eX-div.; Oglethorpe Saw
| ingS and Trust Company, 1O2 bid 1903
asked, ex-diV.; Southern Bank of the State
of Georgia, 100 bid, 1865 asked, ex-div. !;
Savannah Bank and Trust Company, 200
bid, 10l asked, eX-div.; Chatham Real Els
| tate and Improvement Company A. 53h
bid, "a asked; b, 50 bid, 50 asked, ex-
| div; Peoples Savings and Loan Com
pany, 90 bid, 90 asked.
Factory Bonds-Augusta Factory, 6s 100
bid, 102 asked Enterprise Factory IS, 101 bid.
102 asked; Eagle and Phenix Manufacture
| ing Company, per cent bonds, 40 bid,
| so asked; Sibley Manufacturing Company
6s, 100 bid, 101 asked.
Factory Stocks-Savannah Cotton Fac
| tory, = bid, 40 asked; Augusta Factory, 80
bid, 81 asked. ex-div.; Granitevile Fac
| tory, lao bid, 151 asked; Langley Factory,
lO3 bid 14 asked; Enterprise Factory
common, 96 bid, 80 asked; ]. r. King
Manufacturing Company, 103 bid, 1O4 ask
ed; Sibley Manufacturing Company, IS
bid, rs asked; Savannah Brewing Com
pany, 90 bid. 90 asked.
| London March bar silver, 295a Con-
soils ex int 111al for money and Ill 1916 for
| the account
Paris, March 1.-Three per cent rentes
102 francs, 20 confines for the account.
New York, March Money on call was
easy at 112d2 per cent; the last loan
| was at IL per cent, and at the closing was
| offered at ~ per cent. Prime mercan-
| tile paper, per cent. Bar silver 64jsc
| Sterling exchange quiet with actual bus
| mess in bankers bills at 81. S5d4.S5A for six
| ty days, and 4.S714 for demand. Posted
rates $S6dt4.sS. Commercial bills $4.S334q
4.S4&. Government bonds, strong. State
| bonds were dull Railroad bonds were
firm. Silver at the board were quiet.
New York, March 1.-The treasury bal
ances were as follows: Coin, $129, 1872, 1873 ;
currency, $50, $50 433.
New York, March 1, noon.-The stock
market opened at the following quotations:
Erie .............. 145s Bait. & Ohio SO. Is
Northwestern ..106 Can. Southern 45ss
do pref ....... .154 lSt. Paul ........ .757s
Lake Shore -. 1859 Rock Island go. 67s4
N & w. pref. 1914 Del. & Hudson .1O75s
West Union -. 50 Del. l.. & W....1a1a
So Ry. conn.,. 81 Manhattan ...... S614
do pref ,....... 2S5s Mich. Central -. 80
Am Sugar .i17sslN. Y Central -. 9415
New York, March IA rise of II points
in Lake Shore to 172 was the event of
the day al the New York Stock Elk
change. For some time past the stock has
been steadily advancing on rumors of an
early conversion of it's high rate interest
! paying bonds, and to-day a sharp demand
for the shorts was noted. Whether the
| buying was for local or foreign short
| interest, could not be determined up to
| the ClOSe VI DuSiHtSS. INeSaEulUS lDG re-
funding of the companys Z per cents,
| nothing of a definite character could be
| obtained, but, according to good author
| ity, the officials of the road are making
| progress with their plan for an early re-
tirement of the maturing bonds. The
market was also strengthened at the open
| ing by the receipt of buying orders from
London, and the general list moved up
| anywhere from 4 to 2 per cent, Oregon
| Navigation preferred, Colorado Fuel, IL
| linois Central, Lead and Missouri Pacific
| leading. The advance induced realiza-
tions, and before midday the market was
on the down grade once more. The An
| thracite Coalers and Manhattan were es-
| peclally weak, Jersey Central and Lack
| awanna falling per cent. and Manhattan
per cent. Jersey Central was sold on
the unfavorable report of the Lehigh and
| Wilkesbarre Coal Company for the year
| ended Nov 2, 1896. An explanation Of the
statement by President Maxwell of tho
| Jersey Central had good effect and that
stock rallied from 9424 to 952sG95. Man
haitian was heavy, declining from 50 to
S6A on the revival of rumors that the d.
! rectors at their next meeting, will re-
| ducc the dividend rates. Chicago Gas was
forced down point on western reports of
| the incorporation of a new concern with
a capital of $1,000 The decline brought
in supporting orders, and the loss was
! soon recovered. A reduction in certain
! SfdueS OF feHned sugar had no influence
on Sugar stock, which ruled firm through
out. The changes i'm the Changers, South
westerns and Bituminous Coalers were
! unimportant. Among investment stocks
| Omaha preferred advanced 10 1873. and
! Chicago and Alton AZ to 10. Only four
shares Of the last named however.
! changed hands. Speculation closed quiet
| and barely steady I'm tone. Net changes
generally show gains Of 1s@A per cent.
! LaclSawanna, Delaware and Hudson Man
| haitian Jersey Central and Western Union
! lost 1aGl2As per cent. Total sales aggre
/ gated 1913 shares, including $500 Sugar.
2l,6OO Burlington and Quincy and q. 800 81.
/ Paul. The bond market was firm and
higher to-day. The transactions aggre-
| gated $i.4s6.0O0
/ New York Stock List, Stocks and Bonds
at the Closing
Am Cot. oil go. 12lAiN., c. and st. l.. s7iL
do pref ....... 5iiklN j. Central -. 95i5
| Sug. Refinery Titan. Y. Central !. 81
do pref .......lO3hiN Y. and n. T.. 81
/ A 70.