The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-12

/ luuDiG anu Augusta urSI 0S,
| 1852 bid, asked; Charlotte Columbia
ana Augusta second mortgage Is, ia bid,
| lis asked; Georgia Southern and Florida,
| new S. 80 bid, 100 asked; South Georgia &
| Florida first mortgage Is, 102R bid 1884
| asked; South Georgia and Florida second
| mortgage Is. 103 bid 1OS asked; Ocean
| Steamship per cent. bonds, 1926. 104 bid,
| los asked; City and Suburban railroad first
! mortgage z per cent. bonds. so bid. 50 ask
! ed; Alabama Midland S yer cent. ipdorsed,
| IS bid. 80 asked; Brunswick and Western
! As 65 bid, 70 asked: South Bound railroad
| IS, Go bid, 70 asked; Southern Railway 5s,
94la bid. % asked; Georgia and Alabama
| first preferred IS, 103 bid. 104 asked, and
/ interest; Georgia and, Alabama first con-
soils, 81 bid. SO asked.
| Railroad Stoeks-Augusta and Savan-
| nah, 95 bid, SO asked; Georgia common,
IT. bid, 173 asked; Southwestern, "a bid,
| IS asked; Atlanta and West Point
stock, 1929 bid 1881 asked; Atlanta and
| West Point 6 per cent. certificates, l02 bid
1OS asked; Savannah Construction Com
pany, IS bid, 6S asked.
| Gas Stocks-Savannah Gas Light stock,
221a bid, % asked; Electric Light and Power
Company, So bid, 60 asked.
| Bank Stocks, Etc.-Citizens Bank, 1924
bid, - asked: Chatham Bank. 421s bid
| 431a asked; Germania Bank, 100 bid no
asked Merchants National Bank, S5i5 bid,
| Sta asked; National Bank of Savannah,
125 bid, 126 asked: Oglethorpe Savings and
| Trust Company, 10S bid, 104 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, So
! bid, Sc asked; B, 545A bid, 5424 asked: Peo-
pies Savings and Loan Company, 80 bid,
| SO asked, ex-dv.
Factory Bopds-Augusta Factory 6s, 10l
bid, 102 asked; Enterprise Factory IS, 100
bid, 1Ol asked; Eagle ana PheniX Manu-
Go. 49,. 1e
40 bid, AZ asked; Sibley Manufacturing
Company 6s, 1O1 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
| tory, - bid, Is asked; Augusta Factory,
so bid, SO asked; Graniteville Factory, 145
bid, Isl asked; Langley Factory, 104 bid
1854 asked; Enterprise Factory, common
90 bid, SO asked; ]. R. King Manufacture
ing Company, 104 bid, 105 asked; Sibley
| Manufacturing Company, 70 bid, 76 ask
| ed; Savannah Brewing Company, - bid, So
| asked.
New York, Sept 11-Money on call was
nominally at 11a62 per cent. Prime mer-
camille paper, 3%441a per cent. Sterling ex-
| change easy, with actual business in
bankers bills at 81 .S5$4d4S6 for demand
and at $4.S3laG4.S3A for sixty days. Posted
rates, $4.S444s51a and $4S615Q4.S71s. Com
merclal bills, s4.S21ad4S2&l Bar silver, Soc
Mexican dollars, 422lc. State bonds were
firm. Railroad bonds were easier. Govern
ment bonds were firm. Silver certificates
closed at 54196551ac.
New York, Sept 1.-THE weekly bank
statement shows the following changes:
! Surplus reserve decreased, S,445,S25; loans
| increased $685., 800; specie decreased, $685.
700; legal tenders decreased. S07S,000 de-
posts increased, $39o,5O0; circulation in
| creased, $3.50, 800 The banks now hold, &c.
658 S25 in excess of legal requirements.
New York, Sept. 1.-THE general tone
of the market for stocks was strong to-
| day, and there was no heavy pressure
of realizing sales. But there was more
! or less weakness at different points, scat
tered through the list. The Northern
| Pacific issues were heavy on the contin-
ued bad showing of earnings, the fourth
week in August showing decrease and
the months decrease in gross earning
| amounting to S12,194
This showing is in marked contrast to
| the heavy increases which are shown by
| other railroads almost without exception.
| Some of the roads in the southern group
were unfavorably affected by fear that the
| yellow fever quarantine would interfere
| with their traffic and also by the govern
ments bureaus report of the unfavorable
condition of the cotton crop. The effect
was not material with Louisville, South
| ern preferred and Mobile and Ohio. Mis-
souri, Pacific was under more or less press
ure of prof1t-taking. The Coalers were
| also weak, the Reading issues being I'M
The bulk of to-day's trading was CEN
tered in the Granger and Missouri, Kan
sas and Texas, and these were strong,
with the exception of Chicago, Great
| Western and Northwestern. which closed
at fractional decline, after having risen
a point net. Missouri Kansas and Texas
| preferred closed at a net advance of IL.
| All of these stocks closed fractionally be-
low the best, but at net advances. The
results in the list generally were some
what mixed. Outside Gas stocks. espe-
| cially Bay State Cas- were weak and To-
cal gas stocks were strong. Brooklyn
| Union Gas gained points Consolidated
Gas advanced at one time, but closed at
a fractional decline Manhattan ranged
| freely over the points and lost frac-
tional net. Toledo and Ohio Central rose
over points and Pullman points.
A feature of the day was the sharp re-
| covery of silver, of a half penny to 251s
pence, In London and cent, to soc, in
| New York This was due to the decision
| of the Bank of England authorities to hold
one-ffth of the banks reserve in silver
| To-day's price is 2 pence above the lowest
in London, and S1kc above the lowest in
| New York.
The week in Wall street has witnessed
the resumption in force of the bull move
| ment. the buying through commission
! houses being again in full tide. Evidences
are abundant, also, of buying on larger
scale for individual and corporate mold
ings of capital. There has been abundant
| liquidation of other large holdings whose
| owners seemed content to take profits and
whose belief is expressed that prices in
| leading stocks have advanced as far as
warranted. There is some ground for a
belief that large blocks of new securities
of recognized companies, which had come
into the hands of large capitalists through
their membership in underwriting syndi-
Gates, have passed TO other hands, or are
being passed to other hands in the current
boom in Wall street. Offerings have all
| been well absorbed.
| The weeks speculation showed renewed
activity in railroad securities, while the
| Industrial specialties were less prominent.
The manipulating boosting of an indi-
Widual stock which was a feature all last
week has been absent this week, except
| on Tuesday, the first trading day, when
Northern Pacific preferred was thus en-
ployed. The development of new factors
of strength in the general situation has
done away with the necessity for this
daily bracer or artificial stimulant to the
| market.
one of the most notable developments