The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-03-13

| lateral SIS SS1s bid, S91s asked; Central of
| Georgia Railway first mortgage as so
year gold bonds. 116 bid, III asked Central
| of Georgia Railway first consolidated
| mortgage IS. S9l5 bid, 81 asked; Central of
| Georgia Railway first preferred incomes.
| 81 bid, SSA asked; Central of Georgia
| Railway second preferred incomes, 12l5
| bid, 131s asked Central of Georgia Railway
third preferred incomes. 6 bid, asked;
| Georgia Railroad 6s, 1910, 1lS bid. ia asked
| Charlotte, Columbia and Augusta first 5s.
| lO7 bid, 1oS asked; Charlotte, Columbia and
| Augusta second mortgage Is, III bid, 1lSla
\ asked; Georgia Southern and Florida new
| 5s 100 bid, l0l15 asked; South Georgia and
| Florida first mortgage rs, 1929 bid, l0S1s
| asked; South Georgia and Florida second
mortgage Is, 10S bid, 1O5 asked; Ocean
| Steamship per cent. bonds, 1896 l05 bid,
| l06 asked; City and Suburban Railroad
| FIRST mortgage Z per cent. bonds, 81 bid, -
asked; Alabama Midland, per cent. in
| dorsed, Sc bid, 80 asked; Brunswick and
| Western as, "a BID, TN asked; South
| Bound Railway 5s, bid, 20 asked; Geor-
| gia and Alabama first preferred 5s, 1O3 bid,
| lO4 asked; Georgia and Alabama cons. 5s,
| IS bid, SO asked; Eatonton Branch, IS bid
Ss15 asked; Central of Georgia, Middle
| Georgia and Atlantic Division IS, - bid, 81
| asked.
| Railroad Stoc;1s-Augusta and Savannah,
| 93ls bid, 9i15 asked; Georgia COM
| mon, It's bid, $50 asked; South
western, 90 bid SO asked; At
lanta and West Point stock, 1882 bid, 1O41s
| asked; Atlanta and West Point per cent.
certificates. l0S bid, 104 asked; Savannah
| Construction Company, - bid, 70 asked.
Gas Stocks-Savannah Gas Light stock.
| p bid, % asked; Electric Light and Power
Company, % bid, a asked.
Bank Stocks, Etc.-Citzens Bank, 109h
bid, 10 asked; Chatham Bank, 4S5
bid, 40 asked; Germania hank. 100
bid 10 asked; National Bank of Savan-
nah 125 bid, 126 asked; Merchants National
Bank $40 bid So asked Oglethorpe Saw
ings and Trust Company, 1O5 bid, JOG
asked; Southern Bank of the State OF
Georgia, bid 1875 asked; Savannah
Bank and Trust Company, 1902 bid, 1Oe1a
| asked; Chatham Real Estate and Im-
provement Company. A, So bid, Sc asked; b,
| 6412 bid. So asked; Peoples Savings ana
Loan Company, 80 bid, 81 asked.
Factory Bonds-Augusta Factory, 10l
bid, lO2 asked; Eagle and Phoenix Manu-
| featuring Company, per cent. bonds, 3S
bid, 40 asked; Sibley Manufacturing Com,
pany IS, 100 bid, 102 asked
Factory Stocks Augusta Factory, IS
bid, rs asked; Graniteville Factory las bid
| l5l asked; Langley Factory. 1O1 bid, 10i
| asked; Enterprise Factory, common, 81
bid, SO asked; j R. King Manufacturing
| Company, 104 Did los asked; Sibley Manu-
| featuring Company, 70 bid. rs asked; Sa-
vannah Brewing Company. 80 bid, -
| asked.
New York, March 12-Money on call
| vas steady at per cent; the last loan was
| at per cent; prime mercantile paper, 4121
| 5h per cent. Sterling exchange steady
with actual business in bankers bills at
"a. S3s4 "a. So for demand and at 81 .S0s4GD4 81
| for sixty days Posted rates, $4S214 SO
and $4.S5@4 $50. Commercial bills, "a so.
Silver certificates, 5414@55c. Bar silver,
| sac Mexican dollars. 44s4c; state bonds
were duh Railroad bonds were weak.
| Government bonds were weak
New York, March 1.-THE weekly bank
statement shows the following changes:
| Surplus reserve, increase, s, S97, 925; loans,
decrease $40, 1872, 400; specie, increase, So 1913,
| 700 legal tenders decrease, ST. SIS, 400; depos-
| its, decrease, $1053S, 800; circulation, in
| crease, SIC, 900. The banks now hold so, 721,-
| 325 I'm excess of the requirements of the rs
| per cent rule.
New York March 12.--Evening Posts
| London financial cablegram, says: 1.-THE
stock markets here We're dull and depress-
| ed to-day on finance and politics, more
particularly the Cuban question, but the
close. was a fraction above the worst on a
feeble rally from Paris, owing to the re-
covery in Brazils or Rothschild buying.
Spanish securities were fat. The report
that the next coupon of the exterior debt
was to be paid in pesetas is officially con-
tradicted. All the same Spanish finance is
in a desperate situation.
Americans were flat on the New York
lead There was practically no recovery.
The increased premium charged by the
Bank of France on eagles, thus shifting
the demand for gold here, resulted in more
Withdrawals from the Bank of England
to-day.
more American bills are offered to ar
rive than for some time The brokers US
ually quote 81 the bank is now doing a
| large business. the discount rate in the
open market being 3B. There was a fur
Their fall in Spanish bonds after business
hours"
New York, March 12-The professional
traders were somewhat astonished at the
effects achieved in prices to-day. The bears
who attacked the market at the opening
had buying orders at the price to which
they desired 10 drive stocks.
The market showed itself so weak when
these prices were reached that the buying
orders were quickly withdrawn. This COW
ering movement accounted for the sharp
rally in the first hour and there were some
recoveries at the close. Otherwise there
was nothing 10 relieve the UNMARRIED depres-
sion which prevailed through the whole
list OF stocks and bond.
The cl 3sely held standard stocks suffer-
ed with the purely speculative issues and
in some cases more severely. Lake Shore
is an example. 1t sold at 1856, decline of
3 points, and closed with the bidding at
only 1870 Pennsylvania dropped 3 full
points. 81. Paul suffered very acutely,
probably on the uncovering of margins on
recent speculative buying and was off at
one time AS per cent. Northwestern
dropped AZ and Burlington points
The total sales in the two hours OF trad
ing, 1928 300, was well up to the average Of
a full days business for the week, excu-
sve of Monday and blocks of several
thousand shares were frequently recorded.
Part of these offerings were speculative
holdings dislodged by exhausted margins
but there can be no doubt that sales OF in
vestment holdings such as are not usually
influenced at all by the speculative move
ment of prices, are beginning 10 absorb an
increasing proportion of the business on
The stock exchange.
There was no specific item of the days
news that can be pointed to to account for