The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-12

|
Augusta Southern. first Us, 1924. SO bid. 100
asked Central Railroad and Banking
| Company collateral 5s, "a bid. % asked.
Central of Georgia railway first mortgage
5s, 50-year gold bonds ia bid, l15 asked:
Central of Georgia railway first consoH-
dated mortgage 6s. "a bid, 9l1a asked; Cen
coupon; Central of Georgia railway first
preferred incomes, 43 bid, 40 asked. ex-
dividend; Central of Georgia railway. Sec
ond preferred incomes, II bid. Is
asked; Central of Georgia railway third
preferred incomes, 8 bid, 10 asked; Geor-
gla railroad 6s, 1910 HE bid, 1l6I5 asked:
Charlotte, Columbia and Augusta first rs
lOo!2 Did - asked; Charlotte, Columbia
and Augusta second mortgage Is, III bid.
10 asked; Georgia Southern and Florida
new 5s, 9fl2 bid, 9Sl2 asked; South Georgia
and Florida first mortgage Is, 1921 bid
1872 asked; South Georgia and Florida
second mortgage rs, 1872 bid 1O3 asked.
Ocean Steamship 5 per cent. bonds. 1926.
l0S bid, lOo asked; city anu Suburban rail-
road first mortgage per cent bonds, IS
bid - asked; Alabama Midland per cent.
Endorsed, IS bid, 81 asked; Brunswick and
| western As, 90 bid, 20 asked; South Bound
railroad IS, 60 bid, 70 asked Southern Rail
way 5s, 93ls bid, 9452 asked; Georgia ana
Alabama first preferred IS. 103 bid. 1O4
asked; Georgia and Alabama first consols
81 bid, SO asked
Railroad Stocks-Augusta and Savan-
nan, "a bid, IS asked; Georgia Common.
l72 bid, 173 asked Southwestern "a bid %
asked; Atlanta and West Point stock
lo5 Dld, 1O5 asked; Atlanta and West
point per cent certificates, 1O2 bid. 1O3lb
asked; Savannah Construction Company.
81 bid, 20 asked.
Gas Stocks-Savannah Gas Light Stock.
2l1s bid, % asked; Electric Light and Pow
er Company, 56 bid, IS asked
Bank Stocks, Etc.-Citizens Bank 1O9H
l,v,
asked; Germania Bank, 1881 bid 1897
asked; Merchants National Bank. 30 bid,
80 asked; National Bank of Savannah
l25 bid, 1876 asked; Oglethorpe Savings and
trust Company, 1903 bid, 104 asked; South
ern Bank of the State of Georgia 1853 bid
100 asked; savannah Bank and Trust
Company, 101 bid,102 asked; Chatham Real
Estate and Improvement COMPANY. A 551L
bid, Sc asked; b. 54is bid, So asked: Peo-
pie Savings and Loan Company. 921b hid
"a asked ~
Factory Bonds-Augusta Factory 6s 1O1
bid, 1O2 asked; Enterprise Factory 6s. 100
bid, l01 asked; Eagle and Phenix Manu-.
featuring Company & per cent bonds. 40
bid, AZ asked; Sibley Manufacturing Com
pany 6s, 1O1 bid, 102 asked
FACTORY Stocks-Savannah Cotton Fac
tory, - bid, 10 asked Augusta Factory
80 bid, SO asked; Graniteville Factory. 145
bid, l51 asked Langley Factory, 1O4 bid.
1854 asked; Enterprise Factory, common.
| SO bid, SO asked; J.. r. King Manufactur-
ing Company, 104 bid, 1O5 asked: Siblev
Manufacturing Company, 70 bid, rs asked; :
Savannah Brewing Company, 50 bid IS
! asked.
| New York, Oct. 11.-Money on call was
| steady at 21aQ3 per cent; the last loan
| was made at 3 per cent, and the close
was offered at 215Gt3 per cent Prime mer-
| camille paper, 400 per cent. Sterling ex-
! change easier, with actual business in
bankers bills at AS4146D4. S41b for demand.
and at AS214d4.S23s for 90 days; the post
ed rates We're $4,000. S315 and $4S51s. com
mercial bills, s4@. Silver certificates, 81
057lzc; bar silver, SIC; Mexican dollars
4312c. Government bonds were firmer;
state bonds were dull; railroad bonds were
heavy.
New York, Oct. 1.-THE Evening Posts
London financial cablegram says: "The
rise in German bank discount rate from 4
to per cent. is regarded as indicating the
probability of a rise in the Bank of Eng
! land rate on Thursday, and the markets,
consequently, were dun and heavy to-day.
The market generally, however, does not
know of the banks action in raising the
| price of gold, which might affect the
question of the rate on Thursday-not that
| am indicating that a change will not be
| made. Americans were the dullest mar
ket, in sympathy with sthe New York
large options here. The settlement in
| mines shows a large account in West Aus
tralians. Large capitalists are employ
ing money In that market which is boom
ing. Kaffirs were rather good, but clos
ed under the best. Newfoundland is issu-
ing at SS12, a per cent, loan for 1885 Co.,
to pay for the Newfoundland railway re-
Gently built. The Paris bourse was dull
and the Berlin market was unsettled by
the change in the bank rate.
New York, Oct. 1.-THE bear campaign
on the stock exchange to-day finds its pro-
totype in that of the llustrious French
monarch, who led his army up the hill,
and then led them down again. Only the
anterior manoeuvre on the part of the
stock market bears was that of pretended
retreat with all the panoply of woe, and
with all the trappings of defeat, sounding
aloud their lamentations and alarms over
the dangers that beset the values of
stocks In their acute apprehension over
the prospective decline in prices, they sold
numerous stocks which they did not pos
sess, and induced some few other persons
to sell their holdings. But the large part
of the selling proved to be confined to the
professional reactionsts. The failure to
induce any large liquidation, and the news
of widespread rains in the west breaking
the long continued drought admonished
the bears to secure stocks with which to
fill selling contracts they made. Their
buying TO cover carried, the market back
over about the same course it had follow
ed so that the net changes are very mar
row in almost all cases. This was true
even of Chicago Gas, which ranged over
more than two points in very erratic
manner and on large transactions 1t was
true also Of Consolidated Gas. which took
one of its characteristic tumbles Of 4
points and then recovered.
The marked declines of the morning in
the Southwestern stocks in
the Changers were also large
ly recovered, many stocks, par
tcularly the Changers. rising above Sat
urday's level. Statements of railroad
earnings for the first week in October re-
ceived during the day, show a continued
Improvement.
Actual rates for sterling exchange fell
again to $4.S44 for demand, and to 81. S2h
for sixty days. This is said to be at the
gold import point in spite of the fact that
the Bank Of England to-day advanced its
price for American eagles to 76s 71ad,
against 76s 6kd, at the time last weeks en-
gagements for import were made. Rates
for time money continued easy and there
was good demand for commercial paper,
which was Also in good SuDDlV NOtWffb-