The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-21
THE MORNING NEWS: SUNDAY, MARCH 81. 1897


and Alabama first consols, 50 bid. 81 asked.
Railroad Stocks-Augusta and Savan-
| nah, 931a bid, 81 asked; Georgia
common, 1853 bid, 100 asked; Southwest
ern 50 bid. "a asked; Atlanta and
| West Point railroad stock, 96 bid. 971s ask
ed; Atlanta and West Point per cent.
| Certificates, IS bid. 100 asked; Savannah
Construction Company 67ls bid, 20 asked,
eX-div.
Gas Stocks-Savannah Gas Light stock,
22ls bid, 2Sla asked: Electric Light and
| Power Company. &c bid 6S asked.
Bank Stocks, Executions Bank 1854
bio. lO9A asked; Chatham Bank. 4594 bic. Asa
asked; Germania Bank, 1071a bid, t0Sia
| asked; Merchants National Bank, 81 bid,
asked; National Bank of Savannah, l26
bid l2S asked; oglethorpe Savings ana
| Trust Company, 1921 bid 1882 asked:
Southern Bank of the State of Georgia,
= bid, 165 asked; Savannah Bank and
| trust Company, 100 bid, 1Ol asked; Chat
ham Real and Estate and Improvement
| Company, A, $50 bid. "a asked; B. 80 bid.
80 asked; Peoples Savings and Loan
! Company, 80 bid 81 asked, ex-div.
| Factory BOnds-Augusta Factory 6s, 100
bid 103 asked; Enterprise Factory Is, i01
| bid lO2 asked; Eagle and PheniX Manu-
featuring Company, per cent. bonds, 30
| bid, 80 asked; Sibley Manufacturing Com
pany IS, 100 bid. 1O1 asked.
| Factory Stocks-Savannah Cotton Fac
/ vi - bAu % dShSus AUGUSTA dCLOIN, o.
bid, 81 asked, ex-div; Graniteville Fac
tory, 145 bid Isl asked; Langley Factory,
JOB bid, 104 asked; Enterprise Factory
common, 9e bid. 80 asked; J. R. King
Manufacturing Company, 1903 bid, 14 ask
ed; Sibley Manufacturing Company 70
| bid, Is asked; Savannah Brewing Com
pany 80 bid. 80 asked
London, March 20.-Bar silver. Is 11-16d.
Consols. 111A for money and Ill 1916 for
| the account.
Paris, March 2O.-Three per cent rentes.
102 francs, 4715 centimes for the ac-
count
New York. March. 2O.-Money on call
was at IL per cent. Prime mercantile
| paper, 31s per cent. Sterling exchange
quiet and firm, with actual business in
bankers bills, at S4.S51ad4.S5% for sixty
days and $4.s7q4.S714 for demand. Posted
| rates, $4.S61s04.SS Commercial bills, $4.AA
| q4.S5A. Bar silver, 62l5c. Government
bonds were steady; state bonds were dull;
railroad bonds were lower. Silver at the
board was neglected.
New York. March 2O-The weekly state
ment of associated banks shows the fol-
lowing changes: Reserves. decrease,
A,6 SIS; loans, increase, $457 800; specie
increase, $3.50, 100; legal tenders, decrease,
$6.046,OO0; deposits. decrease. 81, 1865 300; cir
culation, decrease, $25S, 400; the banks now
have $4S,O95975 in excess of legal require
ments.
New York, March 20, noon-The stock
market opened at the following quota
tions
Erie .............. 1855 Bait. & Ohio -. Is
Northwestern Joss Can. Southern =. 49A
do pref ........155 St. Paul ........ TIES
Lake Shore .....16S1s Rock Island 80. 6Sls
N. e. w. pref =. 2794 Del. & Hudson.1OS4
West. Union e. 1912 Del, L. & W.. .15415
So. Ry conn.,. SIS Manhattan ...... $50
do pref ........ 271aI Mich. Central 81
Am. Sugar ....1137Al N. Y. Contra. ,1OO1k
New York, March O.-Business at the
Stock Exchange to-day was moderately
active, the sales aggregating 100, 1888 shares,
and the course of the market was rather
irregular. A break of about a point in
Jersey Central was the feature of the in
itial trading and this led to a slight re-
action in the general list. Subsequently,
New York Central developed great
strength and moved up to 1904, on reports
which are apparently well founded, that
the scheme for the refunding of the COM
pany's Indebtedness is making progress.
1t is understood that the banking syndi-
cate having the matter in charge, will
agree to float a $75,000000, 100-year gold
bond bearing 315 per cent, and holders of
the old Indebtedness viii be offered the
privilege of conversion. The strength of
the stock had a good effect on the rail-
way list, and prices moved up rs per cent.
The advance, however. brought out long
stock in the case of Omaha, Manhattan,
Canada Southern, Wabash preferred, and
the Changers, and a general reaction en-
sued. In the Industrials, Sugar was
heavy, falling rs to 1885. Rub
Der preferred fell to g., and To-
bacco fell to 724. Chicago Gas was strong
on further buying by Flower-Brady in
terests. The bank statement had no eff
feet on the market. The feature of the
exhibit was the decrease in legal ten
ders of $6,046,000 due to the recent pay
tr,fr -
ticipation of the early passage of the
tariff bill This time last year the amount
held by the banks was $19,042, CTS. Specu-
lation closed steady in tone. Net changes,
as a rule, were merely fractional each
way. New York Central gained a point,
while Omaha lost about as much Bonds
were lower to-day. The sales footed up
$4,000.
New York Stock List-Stocks and Bonds
at the Closing
Am. Cotton Oil. II NJ, c. & ST. L. 671h
do pref ....... ssh ". J. Central :. 9O5s
Sugar Ref.......113slN. Y. Central ..100B
do pref .......103s4lN. Y. & N E.. 81
Am. Tobacco ism. & w. pref. 27A
do pref .......105 Northern Pac.... 1874
A., IT. g. s. f. 11% do pref ..... 3eiz
Bait. & Ohio :. 10 Northwestern ..1OSA
Can. Pacific e. 40 do pref .155
Ches. & Ohio 1734 Pacific Mail 49,. q
Chi. & Alton ..166 Reading .........23A |
Chi, B. g. O.. IT'S Rock Island 49,. 6S1% |
Chicago Gas 79l4lSt. Paul ......... 775s |
Del, L. & W."15417 do pref ........ 1919 |
Erie ........... 1875 Silver Certlf. go. 625s |
do pref ....... 1872 Tenn, c. e. L.. 27as |
Ed. Gen. Elec.. 3i14 do do pref 49,. 80
Illinois Gen.. 9524 Texas Pacific e.
l.. e. e. w.. 1614 Union Pacific =. 615 |
do pref ........ 65hlW., st. L. & p. 81 |
Lake Shore ....16S1a do do pref 80. IA
J.. e. N......... ASH West Union go. S3A |
l.. e. N. Al. AIW. & L. En-. IA |
Manhattan 49,. S51A do do pref 80.
M. & C......... 10 So. Ry. IS ...... 90l4
Mich. Central e. 81 So. Ry conn.,. SA
Mis- Pacific -. 1873 So. Ry. pref. 2S5s
NJ. & O......... %
State Bonds
Alabama A ...1Oila Tenn, new set IS. 70
do b ...........1O4 Vir. Is, pref.
do c ........... IS Vir. Trust R'ts.
La stamped As. 90 Vir. Fdg. Debt. 63B
". c. As .......1O3 S. c. 4As.......105
N. c. Is .."...124
Government Bonds.
u. s. As, reg. iii JUS. As, new, reg. 1924
u. S. As. coup. 1l3A us. 4s,new, cou.123A