The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-04

featuring Company, per cent. bonds, 10
bid, 80 asked; Sibley Manufacturing Com
pany Is, 100 bid l0l asked
Factory Stocks-Savannah Cotton Fac
tory, - bid, 40 asked; Augusta Factory, so
bid, 81 asked, eX-div; Graniteville Fac
tory, l45 bid ISL asked; Langley Factory
l0S bid, 10i asked; Enterprise Factory
| common, 80 bid, 80 asked; j. r. King
| Manufacturing Company, l0S bid, 104 ask
ed; Sibley Manufacturing Company, IS
bid, rs asked Savannah Brewing Com
| pany, 80 bid. % asked.
London, March 3.-Bar silver o92sd
asked. Consols, Ill 1916 for money and
III 1910 for the account.
| New York, March 3-Money on call was
| easy at 1lz01A per cent; the last loan
| was al III, and al the closing was offered
at IL per cent. Prime mercantile paper,
3 per cent. Bar silver, 64c. Sterling eX-
| change firm with actual business in bank
ers' bills at &.S5i4@4S5la for sixty days.
and SA@Q4S7i4 for demand. Posted rates,
| S4S6Q4.S& Commercial bills, S4.S4a4.S5.
| Government bonds, firm; state bonds quiet;
railroad bonds active and strong. Silver
at the board neglected.
New York, March 3.-The treasury bal
ances were as follows: Coin, $lS064, $40;
currency. S62, 672. 500.
! New York, March g, noon.-The stock
market opened strong, at the following
quotations.
Erie ..,--......... lag Bait " OHIO 10
northwestern Hogs Can. Southern =. ass
do pref ........154 ST Paul ......... 77i4
Lake Shore 1910 Rock Island .... 6S7s
n. q W.pref,n'w 20 Del & Hudson loss
Western Union S3l5 Del L. & W.. 1885
So Ry. com SEQ. Manhattan ...... $50
do pref ........ 295s Mich Central :. SO
Am. sugar .....ll13slN. Y: Central e.. SO
New York, March 3.-The placing of $780,
000O 600 Sls per cent. guarantee bonds by the
Lake Shore and Michigan Southern Rail
way Company with the Speyer syndicate
for the purpose of refunding its outstand-
ing per cent. issues, had a most favorable
influence on the markets for securities to-
day The significance of this important
negotiation was hardly appreciated yester-
day. but upon reflection operators took a
more sanguine view of the situation, so
far as investments are concerned. than for
some time past. Naturally enough the
Vanderbilt stocks were the first to reflect
the financing of the Lake Shore bonded
! debt, and when they were taken freely
at steadily advancing prices, the whole
list sympathized. with the result that, dur
ing the afternoon, speculation developed
an almost buoyaht tone The demand
for the Nanderbiits and other leading is
sues was SO urgent that the street entirely
ignored the cable advices from London to
the effect that the foreign markets were
disturbed by the gravity of the situation
In the LeVant The moderate sale by for
eigns of st. Paul, Louisville and other in
ternational stocks, had no appreciabIe eff
feet and the same is also true of the heavy
decrease in earnings reported by the st.
Paul Company for the fourth week of Feb
ruary. II should be added that leading
railroad officials predict an improvement
in railway traffic returns from now on,
and that their statements have a reassur-
ing effect. The announcement by Presi-
dent H. O. Havemeyer of the American
Sugar Refining Company, that the usual
dividends on both the common and pre-
ferred stocks will be declared by the di-
rectors at their next meeting led to free
purchases of Sugar stock and started up
a demand from the shorts in other indus
trials. The advance in prices was equal
to 1aq51a per cent, the latter in Pullman,
which rose to 1853. Omaha common adj
vanced Az to 81; Consolidated Gas to
154ls; Nickel Plate Second preferred 5A to
3OA, and the remainder of the list any
where from Il to 2 per cent. Jersey Cen
trail and Manhattan were exceptionally
heavy in the early trading, the former sell
ing down to 1884, and the latter to 1874 but
they both moved up a couple of points
during the afternoon, in sympathy with
the other markets. Near the close there
was disposition to take profits, but the
market left off strong at a reaction of "A
to IL fromthe highest. Net changes show
| advances of Il to AZ per cent, Omaha
leading. In the specialties Pullman gain
ed 515; Nickel Plate second preferred 5A.
and Consolidated Gas 21a per cent. Total
sales were 202,047 shares, including %, 800
Burlington: $1,000 Sugar, 1880 ST. Paul;
1880 Omaha, and 1890 Northwest.
Bonds were strong to-day. The sales
footed up $2,014O00.
New York Stock List, Stocks and Bonds
at the Closing