The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-12-29

bid. 1O2 asked, ex-mt.; Georgia common,
1877 bid. 200 asked.
Gas Stocks-Savannah Gas Light stock,
24l2 bid % asked; Electric Light and
Power Company, IS bid. - asked, eN-div.
Bank Stocks, Etc.-Citzeus Bank. los
bid, l09 asked; eX-div. Chatham Bank, A
bid, As asked; eN-div. Germania Bank
los bid, 100 asked; ex-div.
National Bank of. Savannah, 126
bid, l27 asked; Merchants National Bank
SSl2 bid S41a asked; Oglethorpe Savings and
Trust Company, 1O2 bid, 10S asked; eX-div.
Southern Bank of the State of Georgia. 100
bid, 131 asked; Savannah Bank end Trust
Company 103 bid, 104 asked; eX-div. Chat
ham Real Estate and Improvement Com
pany, A, 5519 bid, So asked; b, 55 bid, 55ls
asked; Peoples Savings and Loan Com
pany, 80 bid, "a asked.
Factory Bonds-Augusta Factory, 100
bid, JOG asked Sibley Manufacturing Com
pany 6s 100 bid, 102 asked; Eagle and Phe-
nix Mills per cent bonds, due 1928, lOli2
JOB asked
Factory Stocks-Augusta Factory, 90
bid, % asked; Graniteviie Factory, l4O BID
las asked: Langley Factory, 100 bid, Ul
asked; Enterprise Factory common, ~
bid. 81 asked J. r. King Manufacturing
Company 100 bid, l01 asked; S.bley Manu-
featuring Company, 70 bid, as asked; Sa-
vannah Brewing Company, lOl BID, lo5
asked.
New York, Dec. 2S.-Money on cali was
firmer al 2l2d3 per cent; the last loan
was at 215 per cent. Prime mercantile pa
per 3&t per cent. Sterling exchange steady,
with actual business in bankers bills at
$4S4l4 d4S415 for demand apd at S4.Sl41t
4S2 for sixty days; posted rates, A.6252
ana S4S5Ia; commercial bills $4.&a4dASlA.
Saver certificates 59l2061i2c; bar silver,
$685. Mexican dollars 1850. Government
bonds were frmer; stare bonds were
strong; railroad bonds were Irregular.
New York Dec 2S.-Contrary to the
course of the market for some weeks,
prices showed a pronounced decline ON che
days trading and this was opposed to the
tendency abroad. London having bought
ssmc 25O0O shares on balance The volume
of business was large, although not up 10
Yesterdays record breaking figures The
greater part of the business to-day was
during the morning rise while the after
Moons decline was a.so accompanied by
burst of animation. There was no change
in tine favorable tenor of the news mar
ketwise, except that the Vanderbilt re-
ports were not considered UP to bulhsh
expectations.
The regular dividends were declared ON
Vanderbilt stocks and American Tobacco.
Burlington's surplus for November in
creased nearly $23S GOO. New Jersey Cen
trails November net earning increased over
SCI 900, while the net increase of North
ern Pacific for five months was over 1898,
600.
While stocks were strong at the opening,
New York prices were not up to those
of London, where Americans were buoy
ant International Paper, General Elec-
trio and some other Industrials made new
high priced records. The Changers and
Coalers were strong. The advance in the
latter stocks, a greater part Of which were
retained throughout, was perhaps explain
ed by a subsequent announcement that
anthracite prices had been ordered advanc-
ed al Buffalo and Chicago
1t became evident that there had been
large realizing sales on yesterdays and
to-day's buges in prices, and traders at
tackled the general list with considerable
success. Prices rallied somewhat from the
lowest, but a sharp furry in call money
which, for time advanced to per cent.
although subsequently ii eased off to about
yesterdays quotations, gave the bears an
opportunity to effect marked declines in
prices, but the securities sold were rapidly
absorbed
Sugar was weak, owing to the trade sit
uatiOn in the early dealings, when the rest
of the list was strong, and at the close
was an exception to the general weak
ness.
An incident of the speculation at the
outset was the apparent subsistence of in
terest in Federal Steel. Transactions were
inS small amounts and in marked contrast
to yesterdays enormous dealings at the
opening. The stock soon manifested weak
ness and late in the day assumed promi-
nence in the reaction offerings, being on
a large scale.
The bond market was irregular in spots.
but active issues suffered somewhat in
the late transactions. Total sales. S. 460.
600. United States old As coupons advanced
a in the bid price
The total sales OF stocks we're SIP 700
shares, including 7145 Atchison. % .130
Atchison preferred, $50 Chicago, Burling-
ton and Quincy, $3.50 Denver preferred. T..
725 Illinois Central, 1O82O Louisville and
Nashville, 1920 Missouri Pacific. % 800
Northern Pacific, 5,42O Northern Pacific
preferred, 8420 Reading 26.070 Rock Isl
and, 1920 Union Pacific, 36,72O St Paul
900 Southern Railway preferred. 10 .720
Texas Pacific, 1920 Union Pacific prefer
red. 972O American Tobacco. "A O20 Federal
Steel, 26,32O Federal Steel preferred. "a.
$40 Bay State Gas, u 1870 American Cotton
Oil, 1920 Peoples Gas, Il 500 Tennessee
Coal and Iron, 1920 Sugar 1880 Leather
preferred
New York Closing Stocks-West.
Atchison ....... 1875 Pa. Coast ....... 45H
do pref ...... 507sI Col. Southern =.
Bait & o. 6734 do LIST pref m so
Can. Pacihc 20 do I'd pref .... 1881
Can. Southern. 56la Rock Island -. 1i3s5
Central Pacific Al St. L. & S. f. 80
Ches q o. 80. % do pref ....... 67Is
Chi e Alton . 1891 do ID do o17l