The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-08

{
bid - asked; Alabama Midland 5 per cent.
Endorsed, s. BID, 81 asked; Brunswick and
| Western As, Go bid, 20 asked; South Bound
railroad 5s, s. bid 20 asked; Southern Rail-
way 5s, 9Sl5 bid 9412 asked Georgia and
Alabama first preferred S. 1O3 bid. 104
asked; Georgia and Alabama first consols,
81 bid. So asked.
Railroad Stocks-Augusta and Savah-
nah SO bid. IS asked; Georgia common,
l72 bid, l79 asked; Southwestern, SO bid 932i
asked; Atlanta and West Point stock
1913 bid lo5 asked; Atlanta and West
point per cent certificates, 102 bid, 1882
asked; Savannah Construction Company,
67 bid, 20 asked.
Gas Stocks-Savannah Gas Light Stock,
| 2l1a bid, % asked Electric Light and Pow
! er Company IS bid, asked.
Bank Stocks, Etc.-Citizens Bank, 1924
| bid asked; Chatham bank u bid 42l2
| asked; Germania Bank, 10Si2 bid 1897
| asked; Merchants National Bank, 81 bid
| 100 asked; National Bank of Savannah,
l25 bid, l26 asked; Oglethorpe Savings and
| Trust Company, 103 bid, 194 asked; South
ern Bank of the State of Georgia. 152 bid,
$50 asked Savannah Bank and Trust
| Company, 100 bid. 1O2 asked; Chatham Real
| Estate and Improvement Company, A, 55la
| bid, 56 asked; B, 5i12 bid, IS asked; Peo-
| pies Savings and Loan Company "a bid,
| 50 asked.
Factory Bonds-Augusta Factory 6s 10l
| bid 1902 asked; Enterprise Factory 6s, 100
| bid 1Ol asked; Eagle and PheniX Manu-
featuring Company per cent bonds, 40
| bid ~ asked; Sibley Manufacturing Com
| pany 6s 101 bid, 1O2 asked
Factory Stocks-Savannah Cotton Fac
tory, - bid, 10 asked; Augusta Factory,
| so bid, SO asked; Graniteville Factory 145
| bid ISL asked Langley Factory, 104 bid,
1861 asked; Enterprise Factory, common,
SO bid, sc asked; j. r. King Manufacture
! ing Company 14 bid 105 asked; Sibley
| Manufacturing Company, 70 bid, 76 asked;
| Savannah Brewing Company, 50 bid, IS
asked.
New York, Oct. Mooney on call was
| steady at 203 per cent; the last loan was
| at 2l9 per cent and closed at 2d215 per
| cent; prime mercantile paper, 4l205 per
! cent. Sterling exchange dull and steady,
! with actual business in bankers bills at
"a. S4% for demand and a $4.82404 .S21a for
| sixty days; posted rates, $4S21264.S312 and
| $4.S5d4 S5l5; commercial bills. %Sl. Silver
! certificates, 56057c bar silver SIC; Next
| can dollars, 431ac. Government bonds
| strong; state bonds dun; railroad bonds
| easier.
New York. Oct THE Evening Post $
London financial cablegram says: The
stock markets here were irregular and in
| active to-day, the only firm markets be
ing KafIirs and West Australians. the
| former on cables stating a legal opinion
which indicates the possibility of cancel
| ing the dynamite monopoly and on rumOrs
| of important discoveries of gold in Mata-
! beleand. Americans kept up the parity.
| although dun. New York prices were bet
! ter than yesterday, and the close was firm
| on reports of the shipment of. 100000 in
| gold to New York Henry George had
! less effect here than in New York being
offset by the gold movements and the
| peaceful Cuban news. The best Informed
| operators however, look for an uncertain
| market for a while General securities
| closed dull on the exports of gold 10 New
| York aud to Egypt, and on the weakness
| of the bank return The trade returns for
! September are unsatisfactory, there being
a heavy falling off again in the export
| of linen and cotton goods to the United
| States. Details of the gold movement for
| the week show the exports of 900 to
| New York, Of 100000 to Egypt and $4,000
| to South America. The Paris bourse was
firm, being elated by the good Rio Tinto
| dividend. The Berlin market was steady
Money was easier.
| New York, Oct. THE sum and sub
stance of to-day's market may be com
prised in the words Chicago Gas. The
announcement that the companies outside
of the consolidation had been sold to a
syndicate represen ting interests powerful
in gas in many other large cities, caused
a slump at the opening of the stock mar
ket of over points, within the first few
minutes of trading. A block Of 1900
shares was the initial sale at prices rang
ing trorn 9f to So, and the first of these
was the highest price of the day The
stock SOLD at one time a. low as 923s the
pressure of long stock being augmented
by vigorous efforts of the bears. Large
blocks of the stock were SOLD short in the
interests OF the bear clique, with the de-
sign Of effecting a sympathetic decline of
the general market. The total sales were
n ~ -. FFvt-
partly successful, and before the termi-
nation OF the first hour the shorts were
covering hastily, and prices of many
stocks, the high-priced Industrials being
conspicuous. rose a point or over. The
market declined again under renewed
pressure on Chicago Gas. and for the bal
ance Of the day fell into a condition of
almost total apathy. The available Offer
ing of stocks at the low level were APP
parenuy exhausted, but it was equally
apparent that buyers were not ready to
bid up prices to a point that would invite
sales in any quantity.
The announcement that 81 co., 900 more
of gold had been engaged for import to
New York was without apparent effect
either on the stock market the money
market or the exchange market. London
was a buyer 10 a small extent on bal
ance Net changes are very narrow in al
most all cases. and are distributed be-
tween gains and losses. Consolida ted Gas
and LaClede Gas lost 11s@12l. respective
ly in sympathy with the weakness in
Chicago Gas. New York. Chicago and
ST. Louis second preferred declined 3A
Tobacco rose over a point as did Pitts
burg, Cincinnati, Chicago and st. Louis
and Metropolitan Traction gained a point
SHE changes in the prices of bonds were
slight. and the volume of business was
small. Total sales, $12O0,000 United
States new As were advanced 4 bid, and
the IS rose X bid.
The total sales of stocks to-day were 3d.
600 shares, including Chicago, Burlington
and Quincy. 1905; Louisville and Nash
Vile 9,057; Northern Pacific preferred
13, 4S0; Rock Island. 1866; Union Pacific
62i9; American Tobacco 9.745; Bay State
Gas. 245OO; Chicago Gas, 103. 1875; Sugar
1861; Chicago and Great Western, 1860
Closing Stocks.
Atchison ........ 1875 St. L. & S. F.. AZ
do pref ....... S15s do do pref e. 1911
Il. & Ohio ...... 1874 81. Paul ....... 96H
Can. Pacific ... 81 do pref .......1l034
Can. Southern 565s st. P. & o.. SOS
Cent. Pacific -. II do do pref IN