The morning news., 1897-03-07
THE MORNING NEWS: SUNDAY. MAROH7. 1897

90 bid. "a asked. ex-div; Atlanta and
West Point railroad stock, 80 bid, 100 ask
ed; Atlanta and West Point per cent.
certificates, 9S bid. 9S asked; Savannah
Construction Company, 70 bid, " asked.
Gas StoclSs-Savannah Gas Light stock,
22la bid, 2SI5 asked, ex-div. Electric Light
and Power Company, &C bid, 6S asked, ex-
div.
Bank Stocks, Etc.-Citlzens Bank, lOS16
bid. 109A asked ex-div.; Chatham Bank,
4534 bid. 46 asked. ex-div.; Germania
Bank, 107lz bid, l0Sla asked. ex-div.; Mer-
chants National Bank, 9Ols bid. 80 ask
ed, eX-div.; National Bank of Savannah,
126 bid rs asked eX-div.; Oglethorpe Saw
ings and Trust Company, 1O2 bid. 1Os
asked eX-div.; Southern Bank of the
State Of Georgia, 160 bid, 165 asked, ex-
div; Savannah Bank and Trust Com
pany, 100 bid, 101 asked, ex-div.; Chatham
Real Estate and Improvement Company,
A. 5s1a bid, "a asked; B, So bid, SO asked,
| ex-div.; Peoples Savings and Loan Com
| pany, 80 bid, SO asked
Factory Bonds-Augusta Factory, 6s, 100
| bid, 102 asked; Enterprise Factory 6s, 101
bid, 1O2 asked; Eagle and Phenix Manu-
| featuring Company, per cent. bonds, 40
bid, 50 asked; Sibley Manufacturing Com
pany IS, 100 bid, 101 asked.
Factory Stocks-Savannah Cotton Fac
| tory. = bid, S5 asked; Augusta Factory, so
| bid, 81 asked, ex-div.; Graniteville Fac
tory, 14S bid. ISL asked; Langley Factory.
! 10S bid, 104 asked; Enterprise Factory
common, 96 bid, 80 asked; j. r. King
| Manufacturing Company, 10S bid, 104 ask
| ed; Sibley Manufacturing Company, 20
! bid, rs asked; Savannah Brewing Com
pany, 80 bid 90 asked.
London, March 6.-iBar silver % SIZED.
| Consols. 11O7s for money and Ill for the
| account.
Paris, March 6-Three per cent rentes
! 102 francs Is centimes for the account.
New York, March 6.-Money on call was
at 1902 per cent; prime mercantile
paper, per cent. Sterling exchange
strong, with actual business in bankers
| bills, at S4S5l514.S5s4 for sixty days and
| $4.S71z@4.S715 for demand. Posted rates,
| $4.S66I4.SS Commercial bills, $4S5A. Bar
| silver, 67Ssc. Government bonds firm;
state bonds dull; railroad bonds weak. Sill
yer at the board was neglected.
New York, March 6.-The treasury bal
ances were as follows Coin, $l3l, ,lS2, Sl3;
currency, $6S, ,440.
New York, March 6.-The weekly state
| ment of the associated banks show the
! following changes: Reserve decrease,
! s., 1854. $50. Loans, Increase, 81 452, 100. Spe-
| Gle increase, 81, ,120, 800. Legal tenders de-
crease, S216l 800. Deposits, increase, $S,-
! 691, 500. Circulation, decrease, $S4,900. The
| banks now hold $55, ,4S3, ,925 in excess or
legal requirements.
| New York, March 6, noon.-The stock
| market was steady, at 1olloWlhS quota
| tions:
Erie ........... IA lBalt. & Ohio =. 1515
| Northwestern ..10615l Can. Southern 46
| do pref .......155 st. Paul ......... 1875
| Lake Shore .16S15l Rock Island 80. STA
| N. w. pref. 26 Del. & Hudson ..lOl12
| West Union -. SO Del, L. & W...154la
So. Ry CON-. SA Manhattan ..... S61a
do pref ;. 27szl Mich. Central -. 90
! Am. Sugar 1855 N. \. Central :. 80
New York March 6-To-day's limited
market at the stock exchange was under
| the absolute control of the room traders.
! These operators for the moment are bear
| ish and seem to be greatly exercised over
| the probability of a war in Europe. The
weakness of the international issues, fol-
lowing on the heels of yesterdays selling,
was Of advantage to those operating for
a lower range of prices. Among the is
sues listed abroad, Louisville and Nash
vile was especially weak, falling to 41$4,
| the lowest of the week. st. Paul, another
| foreign faVorite, receded q per cent. to
761s Omaha common, however, scored the
greatest loss in the railway group, declin-
| ing 15s to 54lz on the execution of stop or
| ders New York Central sold down point
| on the rumors that the matter of refund
ing the high interest paying bonds will not
| be taken up for some time. In the Indus
trial group Sugar was very weak, espec-
| tally near the close on Washington ru-
mors that the sugar schedule will call for
| a high specific duty with decreased dlt-
! ferential. Chicago Gas and General Elec-
trio were a shade lower, but the trading
was light. Jersey Central was the feature
| of the Anthracite Coalers the stock falling
to 1874 on the unfavorable January state
ment of net earnings for that period hav-
ing decreased $95, 800, as compared with
1896. The other Anthracites presented lit
tie Of interest The bank statement was
looked upon as rather favorable, but 1t
had no influence on speculation. An expan-
sion in loans of $4,452 100 was attributed in
a measure to the increased activity at the
stock exchange. Specie increased $120, ,S00
| but there was a loss in legal tenders OF
! s., ,161, 800 The deposit line increased 49,
| 691 SO0 The loss in surplus reserve was
/ 1854 O50 bringing the amount held in ex-
| cess of the 25 per cent. required by law
! down to s55, ,4S3,925 This time last year the
reserve was $23, ,234 500. Near the close,
| stocks were inclined to rally on covering
| of shorts, but in the final transactions the
market was barely steady in tone Active
| stocks lost Aq1l4 per cent, while ST. Paul
| and Omaha preferred lost per cent
| Transactions were light, amounting to S73,-
200 shares. The inactivity was due main
| ly to the desire to await further develop
ment In the Cretan situation before enter
| ing into new engagements. Bonds were
weak in tone The sales were 81, 073,000
New York Stock List-Stocks and Bonds
at the Closing:
Am. Cotton OIL. p N, c. & st. L.. 671s