The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-10

dSkeOs savannah, flOTlua ana western
first mortgage, 5 per cent, gold bonds due
1924, 10S15 bid, 1891 asked Augusta Southern
first IS, 1924, - bid, 81 asked; Central Rail-
road and Banking Company collateral IS.
9l1s bid, 80 asked; Central of Georgia Rail-
way, first mortgage 5s. 50-year gold bonds,
us bid, 119 asked; Central of Georgia Rail-
way first consolidated mortgage 5s, 91Ib bid
SPY asked Central of Georgia Railway first
preferred incomes, AZ bid AZ asked; Cen
trail of Georgia Railway second preferred
incomes, 1919 bid 14ss asked; Central of
Georgia Railway, third preferred Incomes.
bid, asked; Georgia Railroad 6s 1910
1l3 bid, 1l415 asked; Charlotte Columbia
and Augusta first 5s, 40 bid Ill asked;
Charlotte, Columbia and Augusta second
mortgage rs, IFS bid 100 asked; Georgia
Southern and Florida new 5s, 1903 bid. 104
asked; South Georgia and Florida first
mortgage Is, 1922 bid, 1884 asked; South
Georgia and Florida second mortgage Is,
1903 bid, 105 asked; Ocean Steamship per
cent. bonds, 1926 105la bid, 1862 asked; City
& Suburban Railroad first mortgage per
cent. bonds, 81 bid, asked; Alabama
Midland per cent. Endorsed, 90 bid, 81
asked; Brunswick and Western As, rs bid,
T71s asked; South Bound Railway 5s, 73 bid
n asked; Georgia and Alabama first pre-
ferred 5s, 1903 bid, 104 asked; Georgia and
Alabama cons, 5s, So bid 80 asked: Eaton
ton Branch 81 bid, 1914 asked; Central of
Georgia, Middle Georgia and Atlantic Di-
vision 6S, S31R DID, "a asked.
Railroad Stocks--Augusta and Savannah.
93la bid, 94ls asked; Georgia common 1870
bid 1888 asked; Southwestern, SO bid. 81
asked Atlanta and West Point stock. 1914
bid 102 asked; Atlanta and West Point 6
per cent. certificates, 1914 bid. 1925 asked:
Savannah Construction Company IS bid,
rs asked.
Gas Stocks-Savannah Gas Light stock,
% bid "a asked; Electric Light
and Power Company, 70 bid n asked
Bank Stocks, Etc.-Citizens Bank, 10
bid, 1l01a asked; Chatham Bank,
As bid, 40 asked; Germania Bank 1903
bid, 100 asked; National Bank of Savan-
nah 125 bid, 126 asked; Merchants National
Bank, 81 bid IS asked; oglethorpe Saw
ings and Trust Company, 104 bid, 1O5
asked; Southern Bank of the State of
Georgia, bid, 139 asked; Sa-
vannah Bank and Trust Company, 102
bid, 1929 asked; Chatham Real Estate and
Improvement Company A. IS bid, SO
asked B. SAG bid So asked Peoples Saw
ings and Loan Company, 9S bid. so asked.
Factory Bonds-Augusta Factory 6s, 1O1
bid, 1902 asked; Enterprise Factory 6s 100
bid, 101 asked; Eagle and Phoenix Manu-
featuring Company 5 per cent. bonds, -
bid, 40 asked; Sibey Manufacturing Com
pany SIS, 101 bid, 1O2 asked.
Factory Stocks-Augusta Factory, so
bid, SO asked; Granitevlle Factory, 145 bid,
ISL asked; Langley Factory, 104 bid 1854
asked; Enterprise Factory, common, 80
bid, 96 asked; ]. r. King Manufacturing
Company, 104 bid, 105 asked Sibley Manu-
featuring Company, 20 bid, rs Asked Sa-
vannah Brewing Company, So bid, 81 ask
ed.
New York, Feb 9--Money on call was
easy at 1A@15 per cent; the last loan
was at Ia per cent. prime mercantile
paper, 3di per cent Sterling exchange
strong, with actual business in bankers
af 2 ~ Fas ~. 4
&.S31sd4S3A for sixty days. Posted rates
were $fS4d4S6R. Commercial bills $4821k
Silver certificates 561AM5715c. Bar silver
564sc. Mexican dollars, SIC Govern
ment bonds were weak. State bonds were
duh. Railroad bonds were firm
New York, FEB. 9.-The Evening Post
London financial cablegram says: Lord
Salfsbury's speech last night failed to slim
ulate the stock markets here to-day. They
were idle and dull. The rumor that the
differences between the Grand Trunk and
the Canadian Pacific have been arranged
cannot be confirmed. Kaffirs were sudden
ly fiat at the close, on sales from Paris
Americans opened above the parity, but
with little heart. They recovered later on
New York buying and closed steady. Dis
count rates have advanced perceptibly to-
day, and the market borrowed largely from
the banks. There was a sharp decline i'm
Greek exchange
New York, Feb. 9.-The most notable
feature of the stock market to-day was
the strong rally In the last fifteen minutes
of trading. After 2 O'Clock the bears
started a raid apparently with an agres-
sive determination TO shake out weakly
mergined holdings, and TO reach stop loss
orders. They succeeded admirably In fore
ing down prices, declines ranging from /
to 2 points all through the list but the
appearance of support at the low level
laA no a inn
rush, and the closing very like rout of
the bears. Substantial recoveries were
scored very generally and in a large num-
Der of cases earlier declines were entirely
wiped out
The market was one of ups and downs
all day, the opening showing numerous
signs of heavinees, in spite of a higher
range of prices reported from London.
The bulls promptly offered support and
rallied the market, holding their advan-
tage up to noon, when again a tendency
to realize sent prices downwards again.
The Cuban situation, discouraged agrees
sive tactics on the part of the bulls, the
professional traders being disposed TO
realize all day. There was decrease In
the volume Of business, also failing off
in outside interest The declines how
ever, brought out good buying Michigan
Central, Northwest and Omaha showed
special signs of strength, and the local
sIeSL THiirOdu companies also advanced
quite vigorously. Union Pacific securities
were all quite strong, the advance APP
parently being due to a belief that the
reorganization had concluded to secure
the Kansas division even at the govern
ments own terms. Great Northern pre-
ferred was conspicuous for a reaction of
nearly points from It's recent remarka-
BILE advance. Pullman was marked up 31S
points on small transactions, and Rubber
preferred scored a sharp advance.
Money continued to rule below tx per
cent for call loans, and there were re-
ports of large loans for the day at 31h per
cent The withdrawal of 10 per cent OF
the governments deposit of the Union
Pacific payment was reflected In a credit
balance at the clearing house for the
sub-treasury. The sub-treasury has been
having a daily debit balance at the clear
ing house of 10000 or upwards for some
time. The plethora of money was not
appreclably relieved by the operation.
Sterling exchange hardened an addition
al fraction. The current demand for ex-
change is due to some large financial
operations.
The speculative bonds showed a reac-
tionary tendency in sympathy with stocks
but the prices of bonds for the most part
held firm. Sales, A43O,OO0. United states
old tours, coupon and the new tours, reg
ular, were * lower bid.
To-day's clearing house statement shows