The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-02


Que 1884, 1862 bid 1919 asked and interest,
Augusta Southern. first Sc, 1924, SO bid 100
asked Central Railroad and Banking Com
pany collateral 5s, % bid SO asked; Central
of Georgia railway first mortgage SIS, 90
year gold bonds, ia bid, lis asked; Cen
tral of Georgia railway first consolidated
mortgage 5s, 95 bid, 96 asked; Central of
Georgia railway first preferred incomes,
43Is bid. 45la asked; Central of Georgia
railway, second preferred incomes, II bid.
is asked Central of Georgia railway third
preferred incomes, bid, 10 asked; Geor-
gia railroad IS, 1910, 114is bid, 1l6ls asked ;
Charlotte, Columbia and Augusta first 81.
1861 bid, asked: Charlotte, Columbia
and Augusta second mortgage rs, ia bid.
lis asked; Georgia Southern and Florida.
new 5s 9S1s bid, 99ls asked: South Georgia
and Florida first mortgage Is, 10215 bid
1882 asked; South Georgia and Florida
second mortgage rs, 102 bid, 1903 asked:
Ocean Steamship per cent bonds, 1926,
1OS bid, l05 asked; City and Suburban rail-
road first mortgage per cent. bonds, so
bid 50 asked; Alabama Midland per cent
indorsed IS bid, 81 asked; Brunswick and
Western As. IS bid, 20 asked; South Bound
railroad IS. Go bid, 20 asked; Southern Rail-
way IS, 9S1a bid, 9415 asked; Georgia and
Alabama first preferred 5s, 1903 bid, 1Ol
asked; Georgia and Alabama first consols.
50 bid, SO asked.
Railroad Stocks-Augusta and Savan-
nah, 81 bid, 80 asked; Georgia common,
172 bid l73 asked: Southwestern, % bid, 95
asked; Atlanta and West Point stock, 1924
bid 1885, asked; Atlanta ard West Point
6 per cent. certificates. 102 bid, 1903 ask
ed Savannah Construction Company, 65
bid 6S asked.
Gas Stocks-Savannah Gas Light Stock.
22h bid, % asked; Electric Light and Pow
er Company, Sc bid, - asked.
Bank Stocks, Etc.-Cltlzens Bank 1891
oglr Th.f Ia A.
asked; Germania Bank 1882 bid, 1891
asked; Merchants National Bank, Sc bid.
S71s asked; National Bank of Savannah,
125 bid, 126 asked Ogletnorpe Savings and
Trust Company, 103 bid 104 asked; South
ern Bank of the State of Georgia, 1853 bid,
155 askeds Savannah Bank and Trust
Company, 100 bid, 100 asked Chatham Real
Estate and Improvement Company. A, So
bid, 56 asked; B, 541h bid, 55 asked; Peo-
| pies Savings and Loan Company, 80 bid.
"a asked.
Factory Bonds-Augusta Factory 6s, 101
bid, 102 asked; Enterprise Factory 6s 100
bid, 101 asked, Eagle and Phenix Manu-
featuring Company per cent bonds 40
bid, a asked; slbley Manufacturing Com
pany 6s, 101 bid, 1902 asked.
Factory Stocks-Savannah Cotton Fac
tory, bid, % asked; Augusta Factory,
so bid, SO asked; Graniteville Factory, 145
bid, 151 asked Langley Factory. 1O4 bid
y
90 bid SO asked; j. r. King Manufacture
ing Company, 1O4 bid, 1O5 asked; Sibley
Manufacturing Company, 20 bid, rs ask
ed; Savannah Brewing Company, - bid, SO
asked.
New York. Oct. Money on call was
firm at 21aG5 per cent. Prime mercantile
paper, 4iad5 per cent Sterling exchange.
heavy with actual business in bankers
bills, at $iS45sG4 S4A for demand. and at
A S2laI4 .S2A for sixty days. Posted rates,
81 1904 a. and 81 .85Iad4 SO. Commercial
bills $4.Sl. Silver certificates. 553aG57l2c.
Bar silver, 557sc. Mexican dollars, 42ac.
Government bonds were strong State
bonds were dull. Railroad bonds were
firm.
New York, Oct 1.-The Evening Posts
London financial cablegram says: "a
further Improvement was noted in the
stock markets to-day. Business is spread
ing IN every department with a thorough
~ healthy tone. Americans were excep-
tionaly duh for the greater part of the
day. but there was a sharp rally tonight
on New York support which IL is be-
lieved here will be continued. The close
was at the best. 1t Is difficult to say
how far the public here will respond.
Probably those recently in the market
will now take a fresh hand, but the new
public seems likely to be attracted to
mines. West Australian mines have been
rails were good, while in the foreign mar
ket the strength of Spanish and Argentine
securities was the feature Copper stocks
were strong. The Paris bourse was firm
on the buying of Tintos and the Berlin
market was steady.
New York Oct 1.-The bulls made their
first aggressive stand to-day in over two
weeks, and after a heavy decline in the
early part of the day. they came for
ward to The support of the market, check
ed the decline and brought the closing
prices very generally above last night
level. There was nothing In the news OF
the day that could be counted more fav-
orable than that Of the preceding day or
two, and a sharp stiffenng in the rates
for call money during the afternoon might
be called a distinctly unfavorable factor
But it had no effect In preventing the re-
covery and the close at practically the
highest point Of the day. Either this
was because the per cent rate, which
was asked, was considered artificial and
manipulative, or because confidence was
felt that X would result in the prompt inn
portaton of gold to relieve any probable
stringency. A further lowering Of &c
in the actual rate for demand sterling 70
siSiM encouraged this view, and the prob
ability Of early engagement Of gold for
import was freely talked all day. The
market was surprisingly Irregular In
special stocks on each group was success
full In depressing the particular group, and
the whole list by sympathy.
Soon afterward sustained buying on n
large scale became evident, and a heavy
covering movement by the bears followed.
Buying orders by the commission houses
also had added TO the strength OF The
markets, outside customers who had sold
short joining IN the covering movement.
There was marked change in the whole
tone Of the speculation. the market be.
coming duh whenever the bears succeeded
In checking the advance and business
showing a lively increase whenever the
course Of prices turned upward.
The railroad earnings reported during
the day continued TO show increases.
Northern Pacific reporting an increase for
the third week in September of S1ss 757.
Louisville and Nashville showed a not IN