The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-14

stock, 1929 bid, l03ls asked; Atlanta and
West Point 6 per cent. certificates, 102 bid,
l0S asked; Savannah Construction Com
pany, 65 bid. 6S asked.
Gas Stocks-Savannah Gas Light stock,
221a bid. % asked; L. ectric Light and Power
Company. s. bid, &C asked
Bank Stocks, Etc.-Citizens Bank, 1924
bid, asked; Chatham Bank, 42a bid,
1872 asked; Germania Bank, 1851 bid, 1891
asked; Merchants National Bank S5ls bid,
S7la asked; National Bank of Savannah,
l20 bid, 126 asked: Oglethorpe Savings and
Trust Company, 1903 bid, 1O4 asked: South
ern Bank of the State of Georgia, 152 bid.
1856 asked; Savannah Bank and Trust
Company, 100 bid. 102 asked Chatham Real
Estate and Improvement Company, A, 55
bid, Sc asked; B. 54A bid, 55 asked; Peo-
pies Savings and Loan Company 80 bid,
"a asked, ex-div
Factory Bonds-Augusta Factory 6s, 101
bid, 102 asked; Enterprise Factory Is, 100
bid, 10l asked; Eagle and Phenix Manu-
featuring Company per cent bonds,
40 bid. AZ asked; Sibley Manufacturing
Company 6s, 101 bid, 102 asked
Factory Stocks-Savannah Cotton Fac
tory, - bid % asked; Augusta Factory,
so bid, So asked; Granitevile Factory, las
bid, Isl asked; Langley Factory, 104 bid,
1854 asked; Enterprise Factory, common,
SO bid, Sc asked; ]. r. King Manufacture
ing Company, 104 bid 105 asked; Sibley
ed; Savannah Brewing Company, - bid, So
asked
New York, Sept 1S-Money on call was
firm at 11aq2 per cent; the last loan was
at per cent, and closed at 11AG2 per
cent. Prime mercantile paper 3$tG0415 per
cent. Sterling exchange, weak, with act
ual business in bankers bills, at $4S5A6
4S52s for demand and at $483Ad4S 1885 for
sixty days. Posted rates, $4S404S5 and
A.S61sG4.S7. Commercial bills, $4.S2. Silver
certificates, 541aq55lac. Bar silver, 561ac.
Mexican dollars, 4312c. Government bonds
easier; state bonds were DUH; railroad
bonds were weak.
New York, Sept. 13-Evening Posts
London financial cablegram "In the stock
market to-day Americans operated firm,
above the parity and rose steadily until
New York sent orders to sell, when the
course Of prices was reversed and the
closing was irregular. So far as London
is concerned, confidence in the future mar
ket for Americans seems to be growing.
AT the settlement, stock was none too
plentiful; the contango averaged 31b per
cent The othe~<aarkets were fairly good,
with Grand Trunk and other Canadian
stocks still rising. The Bank of England
to-day sold further Ell. eco in gold for ex-
port TO Russia, the transaction being ar
ranged through Berlin. The Paris bourse
was quietly steady, and the Berlin mar
ket firm. 4-4 a
New York, Sept 13.-The most interest
ing fact connected with to-day's stock
market was that the principal support
accorded the market was through buying
orders cabled from London. The buying
by commission houses here was good but
aside from that, the local operators sold
heavily, not only here, but in London. The
check in the decline here was credited to
London buying, and the London favorites
displayed the greatest steadiness until too
late for London dealings Altogether Lon
don bought $4,000 shares. The stocks most
largely bought by London were st, Paul,
Kansas and Texas preferred Union Pa
cific and Southern preferred.
If it had not been for the upward ten
dency of prices at the opening in sympa-
thy with the London quotations, it is
probable that net declines would be much
greater than they are. Thus the extreme
decline in Burlington was points, in Mis-
souri, Pacific rs; in st. Paul, Rock Island
and Northern Pacific preferred, 19s; Man
haitian, 27s; Mobile and Ohio. 215 and in
a large number of shares over a point.
The rise at the opening and a partial re-
covery at the close makes the net losses
less than this, but the average in the ac-
tive stocks is little less than a point. The
good influence of the extra dividend last
week on st. Paul was the cause of the
London buying.
The New York selling was attributed to
yellow fever, and to an apprehension that
the Cuban question would again assume
an acute phase at the cabinet meeting to-
morrow. 1t was somewhat notable, how
ever. that Louisville, which has shown
much sensitiveness to yellow fever re-
ports, closed with a small gain.
That some enormous speculative hold
ings were in course of liquidation to-day
was obvious and there is little ground to
doubt that the owners were impelled to
take profits by a conviction that prices
have fully attained a level commensurate
with developments affecting the value and
the earning power Of the properties. The
decline was encouraged as much as posi-
Bile by the bears and the effect of fierce
raids was evident in a number of promi-
nent stocks. The bulls made an effort to
check the decline by pushing Omaha, Kan
sas and Texas preferred and Northwest,
but were only partially successful.
Silver scored a further sharp recovery
of ~ cents in New York and Esd in Lon
DON
The total sales of stocks to-day were
587 317 shares, including Atchison prefer
red, 1896; Chesapeake and Ohio, 1425O;
Chicago, Burlington and Quincy $500;
Louisville and Nashville, 1920; Manhat-
tan L. 1926; Missouri Pacific, a.
400; Missouri, Kansas and Texas, $500;
do preferred, 25,600; New Jersey Central,
6 700 New York Centrai, S,175; Northern
Pacific, $40; do preferred. 21OOO; North
western, 5,735; Reading, 1920; Rock Is
land, %, 800; ST. Paul, Sc 700; ST. Paul and
Omaha. 12,2OO Southern Railway, COCO; do
preferred 14,7OO; Union Pacific, 22,250; Wa
bash preferred, $500; Wheeling and Lake
Erie, 5000; American Tobacco, 1860; Bay
State Gas, i, 300; Chicago Gas 1925; Col
orado Fuel and Iron, $3.50; Lead, 10 40;
Sugar. i, 200; Tennessee Coal and Iron.
74CO; Western Union, 1O,S29; Chicago Great
Western, 10,45O.
Speculative mortgages scored sharp de-
clines, but high-priced bonds held firm
Total sales $3,600C00 United States new
As declined y ia the bid price.
New York Closing Stocks.
Atchison ....... 1873 do do pref m 121z
do pref. ...... 34h st. Paul ,...... 1908
Bait. & Ohio !. 175s do pref. ......145ls
Canada Pacific "A St. p & Om..... s.
Can. So. .."... 5S3s do do pref Jas
Cent. Pao. .... II St p. VI. & M..122
Ches & Ohio D.. 25lk So. Pacific .... %
Chi & Alton ..163 So. Railway 49,. il%
Chi. 3. & 100 do pref. ...... .36M
Chi & f. III. 50 Texas e. Pacific. 1872
r. @ q e. 81 T. An8e Union Pacific 1G35