The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-10
THE MORNING NEWS: WEDNESDAY, MARCH 10, 1897.

.
bid ga asked; Georgia Railroad. IS 1910,
! 1855 bid, 1914 asked Charlotte, Columbia
4 and Augusta first SIS, 106 bid asked; ;
J Charlotte, Columbia and Augusta second
] mortgage Is, 113 bid, us asked Georgia
! Southern and Florida, new IS. 93i5 bid, 9iI5
| asked; South Georgia and Florida first
mortgage Is, 1O4 bid, 104lz asked: South
| Georgia and Florida second mortgage Is,
! l02 bid, l03 asked; Ocean Steamship 5 per
| cent bonds, 1926. 10l bid, asked; City
| ana Suburban railroad first mortgage Z
| per cent. bonds. so bid, IS asked; Ala
! bama Midland per cent. Endorsed IS bid
/ 92la asked; Brunswick and Western As, IS
| bid, 20 asked; South Bound railroad IS, 50
bid, a asked; Southern Railway 5s, S9lS
bid, 500 asked; Georgia and Alabama first
! preferred 5s, 100 bids 1902 asked; Georgia
and Alabama first consois, so bid, 81 asked
Railroad Stocks-Augusta and Savan-
| man, 93la bid, 94l2 asked. eX-dv.; Georgia
common, 15S bid, 100 asked; Southwestern,
9SA bid, 81 asked, eX-diV.; Atlanta and
| West Point railroad stock, 80 bid, 100 ask
ed; Atlanta and West Point per cent.
I certificates, SO bid, 80 asked: Savannah
Construction Company, 20 bid, y asked.
Gas Stocks-Savannah Gas Light stock,
( 22l2 bid, 231s asked, eX-div.; Electric Light
and Power Company, &C bid. 6S asked. ex-
! div
Bank Stocks, Executions Bank, 1851
! bid, 1881 asked, ex-div.; Chatham Bank
/ 46 bid, 46la asked, ex-dv.; Germania
| Bank, 1071a bid, 1857 asked, ex-div.; Mer-
| chants National Bank 50 bid, 901a ask
cd, ex-div; National Bank of Savannah,
126 bid l2S asked, ex-div.; Oglethorpe Saw
ings and Trust Company, 1929 bid, 103la
| asked, ex-div.; Southern Bank of the
/ State of Georgia, bid, 165 asked, eX-
div; Savannah Bank and Trust Conn
pany, 100 bid, 101 asked, ex-div. Chatham
| Real Estate and Improvement Company
! A. 5Sla bid, 81 asked; B, 50 bid, SO asked
| eX-div.; Peoples Savings and Loan Com
| pany, 90 bid SO asked.
Factory Bonds-Augusta Factory, IS, 100
| bid, 1O2 asked; Enterprise Factory Is, 101
bid, 1902 asked; Eagle and Phenix Manu-
| featuring Company per cent. bonds, 40
bid, so asked; Sibley Manufacturing Com
pany 6s, 100 bid, 101 asked.
Factory Stocks-Savanna Cotton Fac
tory, - bid IS asked; Augusta Factory, 80
bid, 81 asked, ex-div. Graniteville Fac
tory, 145 bid. 151 asked; Langley Factory
lob bid, 10l asked Enterprise Factory
common, 96 bid, 80 asked; j. r. King
Manufacturing Company, 1903 bid. 104 ask
ed; Sibley Manufacturing Company, Is
bid, rs asked; Savannah Brewing Com
pany, 80 bid 80 asked.
London, March 9-Bar silver 293sd. Con-
soils, Ill 1916 for money and Ill 1915 for
the account.
Paris, March 9.-Three per cent. rehtes,
| lO2 francs, 7712 Centimes for the account.
New York, March 9-Money on call was
easy at 11a01A per cent; the last loan
was at ~ per cent, and closed a ~ per
cent. Prime mercantile paper, per cent.
Bar silver, 653sc. Sterling exchange
steady, with actual business in bankers
bills, at S4S5i5G14 S5s4 for sixty days and
$AS714a4S7 for demand. Posted rates.
$LS6EQAS81a. Commercial bills, $4.Slt4G
48514. Government bonds firm state
bonds duh: railroad bonds steady Silver
at the board was weak
New York, March 9.-The treasury bal
ances We're as follows: Coin, $l31, 1856, 724;
currency. $GS,O6$.Sl2.
New York, March 9. noon.-The stock
market was quiet and barely steady, at
following quotations.
Erie ............. 4 Bait. & Ohio go Is
Northwestern ..1@h Can. Southern .. 1864
do pref .......155 St. Paul ......... TIA
Lcke Shore 1891 Rock Island 3D.. s.
N, & w. pref q Del. & Hudson. 1895
| Western Union. SO Del, l.. & W....15415
So Ry com .... Manhattan ..... SJ1s
do pref ...... 2S1sl Mich. Central . 81
Am. Sugar 800. 1852 n. Y Central O.. 94la
New York, March "a noteworthy oc-
currence in the financial world to-day
was the reduction of the dividend on Man
haitian stock, from a to a 4 per cent.
basis. For weeks past, the street has
been flooded with rumors that the direct
ors intended to cut the rate, but operators
had no idea that the management would
/ ADOPT the pOncy announced to-day. AS
a result of the reduction, the stock fell
about points to SO, and then rallied
slightly On statements by President Gould
that the road, during the past quarter,
had earned within $4,000 of the amount
required for the payment Of the usual y
per cent The favorable report of Mis-
souri, Pacific had depressing influence on
this speciality, and the stock fell from 221s
to 29h. The statement shows a deficit of
81, PSI. 761, an increase of $6Il,514 as COM
pared with the previous year. New Jer-
sey Central opened strong, but later fell
to 92& When the Official announcement
of the Lehigh Valley deal was made, the
stock recovered over a point. Lackawan-
ma, Delaware and Hudson and Reading
were all some what tirmer, the infusion OF
new blood into Lehigh Valley having had
a stimulating influence In the "a lway
group, the Changers were held tolerably
steady throughout, but business was on a
moderate scale. Among the industr,als
Tobacco advanced sharply to 1914, on re-
ports Of an early retirement of the scr p.
Sugar declined point to ll5l2, on the re-
vival Of the rumors of unfavOrable tariff
legislation. American Spirits. General
Electric aud Leather were without special
feature. The recommendation of the
Western Union financial committee to the
directors to pay the usual dividend failed
to stimulate the stock and Q decline 20
82ls was noted Consolidated Gas was the
weak spot in gas stocks. and broke over
points. 10 1914. Near the close, to cover
spots changed the tone, and the promi-
nent issues recovered somewhat. Jersey
Central, Manhattan and Omaha was most
prominent in the late RAINY. Speculation
closed steady. Total sales We're only 145,
g27 shares, including $500 Sugar 200
Manhattan and lS,400 Tobacco. Bonds
were firm and higher in tone Sales were
$l154,00e.
J Nauy Work. Stock List stocks and Rondg
at the Closing
Am. Cotton oil. liz NJ, c. & st. L.. 67ls
do pref ....... 81 n. }. central -. 93lz
Sugar Ref .....1l5% n. Y. Central .. 96si
do pref 1914 N. Y. & N E.. 81
Am. Tobacco :. ms n. & w. pref q. 26ia
do pref ...... .106A North Pacific. 1873
A., T. G S. f.. 11A do pref ........ 373s
Bait. G Ohio e. IS Northwestern ...10SA
Can. Pacific -. 52A do pref ........155
Ches G Ohio =. 17lh Pacific Mail .... 25M
Chi. & Alton ..166 Reading ......... 257s
Chi. b. g. O.. 1872 Rock Island 80. 67A
Chicago Gas 90. 1874 st. Paul ......... n
Del. L. & W..l5lla do pref ..,.....iS5l5
Erie .............. IA SILVER Cert .'.. b3A
do pref ....... % Tenn. G. & I.... p