The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-12-04


City Bonds-Atlanta per cent 1915
bid, 1852 asked; Augusta 4ias 1875 los
bid, 106 asked; Augusta 7 per cent, los bid
109 asked; Augusta 6 per cent, los bid,
1O6 asked: Macon 6 per cent, 1l6 bid. liz
asked; Macon, AIS. 1926, 1861 bid. 1851
January coapoas 6 bid iii as HESaftg say
Vannah 5 per cent, quarterly February
coupons, 10 bid, III asked; Charleston Is,
Railroad Bonds-Savannah Florida and
Western railroad general mortgage bonds
5 per cent. interest coupons, l1S bid. ia
asked: Savannah, Florida and Western
first mortgage per cent. gold bonds, due
1884 los bid, 100 asked; Augusta Southern,
tirsts IS, 1924, bid. 80 asked Central
Railroad and Banking Company collate-
raj IS. 80 bid, 91ls asked; Central of Geor-
gia railway first mortgage 5s, 50-year gold
bonds, 1l4l3 bid, l15l5 asked; Central of
Georgia railway first consolidated mort
case 5s, 91lh bid, 90 asked; Central of Geor-
gia railway first preferred incomes, 3SIh
way, second preferred incomes. Il bid,
Is asked; Central of Georgia railway
third preferred incomes, s bid, asked;
Georgia railroad 6s- 1910, ll6l2 bid, III ask
ed; Charlotte. Columbia and Augusta first
IS. 1O9 bid, 40 asked; Charlotte. Column
bia and Augusta second mortgage rs, 116
bid, III asked; Georgia Southern and
Florida new IS, 9S15 bid, 99ia asked; South
Georgia and Florida first mortgage Is 102IS
bid, 1882 asked; South Georgia and Flor
Ida second mortgage Is, 1903 bid, 105 asked;
1O5 bid, 1O6 asked: City and Suburban rail,
road first mortgage per per cent. bonds, "a
indorsed So bid, So asked Brunswick and
Western 4s: 70 bid BIZ 5ids ~ asked; South
ern Railway 5s. 81 bid, % asked; Georgia
and Alabama first preferred 5s, 1O1 bid,
102 asked; Georgia and Alabama cons. SIS,
Railroad Stocks-Augusta and Savan-
nah, "a bid, 941s asked; Georgia, common.
172 bid IT'S asked; Southwestern, 94I4 bid
% 81 ID n
1902 bid, 104 asked; Atlanta and West
Point 6 per cent certificates, 10li5 bid 103
asked; Savannah Construction Company,
Gas stocks-savannah Gas Light Stock,
2lA bid, % asked; Electric Light and
Power Company, 5S bid, 60 asked.
bid, = asked Chatham Bank. A bid, Is
asked; Germania Bank, 1909 bid, 10 asked;
Merchants National Bank. SO bid, 80
asked; National Bank of Savannah 1926
bid. = asked Oglethorpe Savings and
Trust Company 104 bid, : asked; South
ern Bank OF the state Of Georgia, 15l bid,
pany, 10l bid, asked; Chatham Real
Estate and Improvement Company, A, Sc
bid, 81 asked; B, 55 bid, S51s asked; Peo-
pies Savings and Loan Company, "a bid,
Factory Bonds-Augusta Factory IS. 101
bid, 102 asked; Enterprise Factory S. 100
featuring Company 5 per cent. bonds, -
bid, 40 asked; Sibley Manufacturing Com
"a,
Factory Stocks-Savannah Cotton Fac
tory, - bid, Is asked; Augusta Factory,
50 bid, SO asked; Graniteville Factory las
bid, 151 asked; Langley Factory, 104 bid,
1854 asked; Enterprise Factory, common,
SO bid, So asked; ]. r. King Manufacture
ing Company, 104 bid, l05 asked; Sibley
Manufacturing Company, 20 bid, 76 asked:
Savannah Brewing Company, S01A bid, SO
asked.
easy at l1aa2 per cent; the last loan was
at 2 per cent, closing al l&4G2 per cent
Prime mercantile, 36l4 per cent. Sterling
exchange easy, with actual business In
$i.SSQ48Sls for 60 days Posted rates, $l.S4
Q46 Commercial bills, $482i2 Silver
certificates, 591aq6O1sc. Bar silver $3.50.
strong. State bonds dull Railroad bonds
firm.
Paris, Dec. S-There was an an-round
rising tendency on the bourse to-day, but
the dealings were small
London, Dec. 3.-Bar gold is quoted at
IT'S 111ad, and American eagles 76s Sgd.
New York Dec. 3-The Evening Posts
London financial cabiegram saws: The
stock mTgkets here were stagnant and ir-
regular to-day English rails were good
during the day, on better reports as 10 the
strike, but the close was uncertain, on
report that the engineering employers are
to submit an ultimatum to the employees,
which, 1t is feared, maybe refused tG'
Americans opened rather dull on New
York prices, but rallied later and showed
considerable backbone. The continued
absorption of bonds by New York is al
most phenomenal. South Americans re-
covered yesterdays fall. The market to-
day had to pay for 100000 sterling of
India bills, thus causing rise in short
money rates and fresh borrowings from
the Bank of England. 1t is believed that
the Bank of England has temporarily ac-
quired control of the India money just
raised. Gold is IT'S 11%d. To-days sharp
rise in the Berlin and Hamburg discount
markets surprised London. 1t comes I'M
usually early in the month. The Paris
bourse was firm on the buying of inter
national stocks and miners, and the Berlin
market was quiet.
New York, Dec. 3.-Outside buyers had
withdrawn from the market to-day and
the field was apparently left to lie fallow
by the large operators, who have been
prominent in manipulatiye movements OF
the week. The heavy throwing over of
stocks by large operators yesterday, to
realize, and by others later to save losses,
was what discouraged the outside public.
The bears were in evidence from time
to time, but their offerings seemed to be
we'll absorbed without affecting any mar
ket declines. There was no evidence of
any effort to mark up prices. The action
of the market suggests that large opera
tors may be attempting TO pick up a line.
of stocks at the decline before pushing,
prices again, with the purpose to realize,
while the pit is still buying, as on Mon
day and again yesterday.
Sugar was exceedingly active all day,
and acted in very feVerish manner This
was partly due to realizing on stock
decision to apply the countervailing duty
to sugar imported from the Netherlands
and partly to confusion of mind as to
how far the differential on refined sugar
would nure TO the benefit of the Sugar
company. A large portion of the specu-
lation was taken up with this stock, and
the offerings and the weakness increased
as the day progressed
Union Pacific manifested some weakness
a times, on account of the fairly ex-
pressed intention of the government to
qualify as a bidder at the Kansas Pacific
sale, so as to protect its interests, If nee
essary, by bidding in the property. De-
malls were also offered on behalf of the
reorganization committee that any agree
ment has been arrived at with the gov
eminent for acquiring the subsidized por-
ton of the line in Kansas. There was
good support apparent for the stock, not
WithsIanding this published news, and the
Kansas Pacific consol IS were also stea6I-
~ held.
The wide range movement of some spe-
cial stocks kept the general list very much
unsettled during the day, and it was dit
ficult to discern any marked general ten
dency in the trading. London was again
a seller of stocks in this market to some
extent There was little general news
bearing on the situation and movement Of
prices was due almost entirely to technical
causes.
The fourth week statement of ST. Paul
and other roads and the estimated gross