The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-27

point o per cent. ceruncaJes, l02 bid, WS12
asked: Savannah Construction Company,
81 bid, 40 asked.
Gas StocksASavannah Gas Light Stock.
q bid. 221a asked: Electric Light and Pow
er Company 81 bid, 90 asked
Bank Stocks, Etc.-Citzens Bank, 1882
bid 110l5 asked; Chatham Bank 40 bid, 46
asked; Germania Bank 109 bid 10
asked; Merchants National Bank. 9112 bid,
92l6 asked; National Bank of Savannah.
l26 bid, 127 asked; Oglethorpe Savings and
Trust Company, i4 bid, 105 askedi South
ern Bank of the State of Georgia, l5S bid,
155 asked; Savannah Bank and Trust
Company, 101 bid, l02 asked; Chatham Real
Estate and Improvement Company. A, 55ls
bid 561a Asked b, SAG bid. IS asked; Peo-
pies Savings and Loan Company, 81 bid,
50 asked.
Factory Bonds-Augusta Factory 6s, 101
bid, 1N2 asked; Enterprise Factory IS, 100
bid, 10i asked Eagle and PheniX Manu-
featuring Company per cent. bonds, 40
bid, ~ asked Sibley Manufacturing Com
pany IS, 101 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, Is asked; Augusta Factory.
50 bid. So asked; Graniteville Factory, las
bid. ISL asked; Langley Factory, 1O4 bid.
1851 asked Enterprise Factory. common,
SO bid. Sc asked; j. r. King Manufactur-
ing Company l04 bid 105 asked; Sibley
Manufacturing Company, 20 bid, rs asked;
Savannah Brewing Company, so bid, 81
asked.
New York Oct. 26.-Money on call cas-
Ter at 11bd2 per cent; the last loan was
at 2 per cent, closed 1I5d2 per cent. Prime
mercantile paper 26ra per cent Sterling
exchange steady with actual business in
bankers bills at 81 .S5AQ6. 90 for demandN
and at 81. S294d4. SO for sixty days; posted
rates 81 SS1k and 81. S6Is. Commercial
bills. $4.S2. Silver certificates, 57Q5Sc; bar
silver, sc; Mexican dollars. +$c; govern
ment bonds were firrner; state bonds were
dull; railroad bonds were strong.
New York, Oct 26.-The Evening Posts
London financial cablegram: 1.-The stock
markets opened dun, but closed firm.
Americans were quite dollar above the
lowest, with a good tone. Money was dear
at the settlement, because of the general
rise in interest, but the account was really
quite moderate. Contangoes on Americans
were about Az per cent, though leaders
at one time tried to exact more. In spite
of the dearness of money and possible
rise in the Bank of England discount rate
this week, the outlook for the markets Is
not altogether unfaVorable.'
New York, Oct 26-Trading in stocks
during the early part of the day was re-
stricted in volume, and the 1uctuauon IN
prices was narrow and irregular. The lat
ter part of the day saw quite an increase
in activity, and a rise of prices to the high
est of the day, the declines before the close
being small.
Union Pacific continued to be the center
of interest in the market, and ruled above
Yesterdays close all day and closed this
afternoon at near the best and 214c above
last nights close. The opening gain was
due largely to sympathy with London
which sent a higher quotation for the
stock. The belief gained ground
as the day advanced that
the government and the reorganiza-
ton committee would come to an agree
Of mi faase
pressed intention to bid the full amount of
the government claim on the main line.
The fact that this bid leaves the govern
ment's claim of over $13,
100000 on the Kansas Pa
cifc unprovided for, and the rumors that
Increased bids might be made by other in
terests, which would provide for this in
debtedness, caused some feverishness in
the speculation at this time, as the accept
ance of such a bid by the government
would endanger the whole plan of reorgan-
zation in spite of the assertion of the COM
mittee that they were prepared to carry it
out even if the government should BID in
| the Pacific But late in the day reports
| from washington assumed quite a definite
| form that the cabinet had resolved to ac-
| cept the committees intended bid as a min
| imum guarantee and withdraw their re-
| quest for postponement of foreclosure
| sale of the main line.
| Kansas Pacific consol 6s trust receipts was
| the forecast of the news received later
| from Washington that the committees
| agreement with the government included
an assent to a postponement of the Kan
sas Pacific sale, presumably with a view
to giving the government an opportunity
| tossecure bill on this property that would
| provide for a part or the whole of its
| claim.
Trading in Union Pacific absorbed over
quarter of the total sales of all stock%.
| Outside of the Changers, Sugar, Chicago
| Gas and Bay State Gas business was of
very small proportions. The tone of the
| market was strong, however, and material
| recoveries from yesterdays decline were
made, averaging about a point in the
| Changers and other leading stocks. Bay
| State Gas was weak.
A decline in rates for call money and
| some very favorable statements of railroad
earnings for the third week in october
assisted the recovery. There were pur-
chases for London on account of some of
the favorite International stocks, incident
to the settlement day on the London ex-
change. This served to keep up the price
of Louisville, in spite of the continued de-
crease in its earnings on account of yellow
fever quarantine. Pittsburg, Chicago. Gin
cinnati, and st. Louis was active and
strong, and rose, at one time, 21A per cent.
Michigan Central was conspicuous for an
odNuiOC VI per cent. Inc. better tone
for Americans for London was taken as A
reflection of the decline of the apprehen-
sion over the Spanish relations with the
United States.
Dealings in railway bonds were not
large, but the tone was firm, with the ex-
ception of the Kansas Pacific bonds above
noted. Total sales, S1,15OOOO. United
States new Is were advanced Kc bid
The total sales of stocks to-day were
A6OO shares, including Chicago, Bur
lington and Quincy 1889; New York Cen
trail, 6,l5l; Northern Pacific preferred. g.
2S5; Rock Island, 1885; st. Paul. is. 4s9: I'm
ion Pacific, 6O.910; Bay State Gas, IA, 100:
Chicago Gas, 1908; Sugar 15,7cO.
New York Closing Stocks.
Atchison ',..'..- Io7sSt Paul ........ 93A
90 PREF ....... 2SA do pref ..... 1891
Bait. & Ohio. 135s st. p e ON TAX
Can. Pacific -. 79A do do pref Ia
Can. Southern 55 St. p. M g. nj 100
Cent. Pacific :. 1872 So. Pacific 1qih
Ches. & Ohio l.. 21%l So. Railway az
Chi. & Alton ..16O do pref 3o1%
Chi, =. q g.: 9B Tex. Pacific E. 113s
Chi & e. h.. So "Union Pacific . 241k
C.C.C. & St. L. 351stU. p. d. &,