The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-30

As, 20 bid, TN asked: South Boun6 rail.
way 5s, 60 bid 20 asked Georgia ana Ala.
bama first preferred 5s lO1 bid. lO2 asked,
Georgia and Alabama cons. IS. so bid, s.
asked.
Railroad Stocks-Augusta and Savannah
951a bid, 961a asked Georgia, common. ~
bid, 175 asked; Southwestern. 90 bid %
asked, ex-div.; Atlanta and West Point
stock, 1O2 bid, 1O4 asked; Atlanta and
West Point per cent. certificates, 1Oll6
bid, 1903 asked; Savannah CONSTITUENCIES
Company, IA bid, rs asked
Gas Stocks-Savannah Gas Light stock.
p bid % asked; Electric Light and
Power Company, 60 bid, 60 asked ex-div.
Bank Stocks, Etc. - Citizens Bank. 100
bid, - asked ex-dv.; Chatham Bank. a
bid, - asked ex-div.; Germania Bank. 100
! bid, - asked; Merchants National Bank.
SO bid 80 asked; National Bank of Savan-
nah. 126 bid, - asked; Oglethorpe Savings
| and Trust Co., 1903 bid, - asked ex-div.
Southern Bank of the State of Georgia.
- bid, 146 asked, eX-div.; Savannah Bank
and Trust Company, 1O1 bid. - asked;
| Chatham Real Estate and Improvement
! Company. A, 5i19 bid, 55la asked; B, 81 bid.
5lla asked, ex-div.; Peoples Savings and
| Loan Company, Sc bid 100 asked.
! FACTORY Bonds-Augusta Factory 6s, l01
bid, 1O2 asked; Enterprise Factory Is, 100
bid, 1Ol asked; Eagle and Phenix Manu-
featuring Company . per cent, bonds, -
AldnuIdctuflnE
pany Is, 101 bid, 1902 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, 10 asked; Augusta Factory
| ~ bid, 81 asked; Grnniteville Factory, 145
bid, Isl asked; Langley Factory, 104 bid
1854 asked; Enterprise Factory, common
80 bid, sc asked; ]. r. King Manufacturing
| Company, 104 bid, 1O5 asked; Sibley Manu-
featuring Company, 70 bid, rs asked; Sa-
vannah Brewing Company, 81 bid, "a asked
New York. Dec. 29.-Money on call was
stun at 2Iaq4 per cent; the last loan was
at 212 per cent, and at the closing was
offered al 2ls per cent; prime mercantile
| paper. 31Aa4s4 per cent. Sterling exchange
dull. with actual business in bankers bills
| at %S4ss@4412 for demand and $4S11bd
ASIA for sixty days; posted rates, $4S21gCr
! 4SS and $LS5Iaq4S6; commercial bills
| A,SlA. Silver certificates, 561a657$tc; bar
| silver, oSSsc; Mexican dollars, Acc. Gov
| eminent bonds were weak; state bonds
dull; railroad bonds were firm.
Washington, Dec. 29.-To-day's statement
of the condition of the treasury: Available
cash balances, 2i5,36OO2S; gold reserve,
$3.50, 542 995.
New York, Dec. 29.-The Evening Posts
London financial cablegram says: Apart
from the settlement there was little bust
ness in the stock markets here to-day, ex-
cept in Kaffirs. which are moving upward
Americans were occasionally lower in
I
stances. There was much comment on
the reported intended resigna lion of Sec
rotary Gage. Notwithstanding the denial,
it is recognized that currency reform
would be delayed in the event of such
happening. Money is very dear and there
is no immediate prospect of its cheaper
ing"
New York, Dec 29.-Sugar was the only
one of the leading stocks of the list to show
any aggressive strength to-day and after
rising al one time almost points, it was
overcome by the general heaviness in the
resi- of the market. and closed with only
small fractional net gain 1t was pro-
fessional traders market throughout and
the Industrial stocks, which have been re-
cent favorites with the bull clique show
ed the effect of realizing to-day
All of the local traction stocks were
heavy, but the selling was not coupled
with any news and the declines were wholly
technical. In Manhattan the fall reached
points, and in Metropolitan Street Rail
way more than that. Brooklyn Transit
advanced a fraction, but fell again over
a point. Consolidated Gas is 31s points
lower than last night. Tobacco was nota-
bly, active all day and rose quite strong
~ on an irresponsible report that the
quarterly dividends on the common stock
had been advanced again to per cent.
Disappointed holders sold the stock down
2 points Nhen il became known that the
rate was retained al . per cent. New Jer-
sey Central and the coalers generally did
not escape the weakness of the other spe-
ciaties that showed sharp losses.
An indication of the narrowness of the
market was the fact that until near the
close there was not a single sale of such
usually active stocks as Missouri Pacific
and Chesapeake and Ohio. Burlington
showed a degree of firmness in the rail-
way list ON buying, invited by yesterdays
decline.
Buffalo. Rochester and Plttsburg stocks
We're both conspicuous for strength, the
common advancing points and the pre-
ferred points. Fractional net declines
were, however, the rule in the railway list.
To-days clearing house statement show
ed the sub-treasury debit or gain to the
extent of $1,150,S39 a reflection of the adj
ditional of Pacific bonds. Still money gas
inclined to retain its firm tone in any
marked degree. and 1t was only in eXcep-
tional cases that loans were below 31a per
cent and in some cases per cent. were
paid.
Reports from other domestic centers
show that their bank reserves are at pres
ent unusually high. but exchanges con-
tinue to run against New York. 1t was
reported, to-day, however, that Philadel-
phia and Boston had paid large loans as
the result of the high rate.
The large balances at the clearing house
show that there is quite an extensive shift
ing of loans still in progress.
Prices of Americans declined in London
and selling here for London account was
quite a factor in the decline.
The activity in the bond market was so
confined to middle and high grade issues,
the speculative issues being stagnant,
prices generally advanced Total sales
81 750O00. United States old As coupon and
new As registered were 4 lower bid; the
new As coupon u lower and SIS Is lower
Total sales of stocks to-day were 2l9,
100 shares, including Chicago, Burlington
and Quincy, 1S475; Louisville and Nash
vile, 800; Manhattan. 32,13i; Metropolitan
Street Railway, 5,25S; Northern Pacific, g.,
$50; do preferred, 1876; Reading, 1920; St.
Paul, 1885; American Tobacco. 3O,43O; Chi
cage Great Western, $500; Peoples Gas,
AGO; Consolidated Gas, 4,67S; General
Electric, 1890; Sugar, 34.055; Western
Union, S,79l.
New York Closing Stocks.
Atchison mann. 123i do pref .......142
do pref ...... 30SlSt P. & Omaha. n
BALTIC. e. Ohio. 10 do do pref .....14S
Canada Pacific s0sl St. p. NJ e. M. .120
Canada Sou m SPAS Pacific ..... 2OA
Cent Pacific -. 11l2lSo. Railway 49,. Sss
Ches & Ohio... 221 do pref mann. 30
TRf q Do.