The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-01-23

| asked; Southern Bank of the State of
| Georgia, 1SS bid. 40 asked, ex-div.; Sa-
| vannah Bank and Trust Company, 102
/ bid. 1O2is asked; Chatham Real Estate and
improvement Company. A, 55 bid, Sc
| asked; B, 54la bid So asked; Peoples Saw
ings aud Loan Company, 9S bid. 80 asked
| Factory Bonds-Augusta Factory 6s, 101
\ bid, 102 asked; Enterprise Factory 6s, 100
| bid, 101 asked; Eagle and Phoenix Manu-
featuring Company 5 per cent. bonds. =
! bid, 40 asked; Sbley Manufacturing Com
pany 6s lO1 bid, 102 asked
| Factory Stocks-Savannah Cotton Fac
| tory, - bid, 10 asked; Augusta Factory, 50
bid, So asked; Graniteville Factory, las bid
ISL asked; Langley Factory. 104 bid. 1854
asked; Enterprise Factory. common. SO
| bid SO asked; j. r. King Manufacturing
! Company, 104 bid, 105 asked; Sbley Manu-
featuring Company, 70 bid. rs asked; Sa-
| Vannah Brewing Company, 50 bid. IS asked
Paris, Jan. 22.-Three per cent rentes,
1S francs 10 confines for the account.
| New York. Jan. 22.-Money on call was
| easy at 1l2q2 per cent; the last loan was
] at per cent; prime mercantile paper 3%
! per cent. Sterling exchange steader, with
| actual business in bankers bills at ST. S424
| Tor demand and at $4.S2s4 for sixty days.
| posted rates, $4S41z@4S5 and 1885, COM
| mercial bills, $4.S2. Silver certificates, 56!s
| qoI9ac; bar silver, 561ac; Mexican dollars
4Sc. State bonds quiet; railroad bonds
easier; government bonds steady
| Washington, Jan. 22.-To-days state
| ment OF the condition of the treasury
shows: Available cash balance, $3.50 sos, $50;
| gold reserve, $163, ,125
New York. Jan 22.-The weekly bank
statement shows the following changes:
! Surplus reserve increase, ST, 800, 425; loans,
increase, $l2 AZ, 500; specie, increase, $2,00S,
800; legal tenders, increase, $9,O12 500; de-
posits increase, So, S59, 900; circulation, de-
| crease, $497,700. The banks now hold $751;
1000 in excess of the requirements of
the rs per cent
New York, Jan. 22.-The Evening Posts
London financial cablegram says: THE
! STOCK market here was irregular to-day,
| business being checked by politics and the
! settlement that is to begin on Monday
There was no feeling on Eastern matters
and the feeling about Cuba is uncomfort-
able"
New York, Jan. 22.-Trading in stocks
to-day was of small proportions, even for
a Saturdays business session The mar
ket left off with slight recessions in value.
NO OUTSIDE interest was apparent, ard
room traders did most of the business.
Commission houses had few orders either
way. Consolidated Gas and Metropolitan
Street Railway and few other special
issues monopolized transactions again.
Sugar declined fractionally, Manhattan
was moderately firm. Consolidated Gas
rose AZ METROPOLITAN Street Railway 23L
ences that had been operating all the
week. No liquidation of Importance was
noted to-day, except in a few Isolated
cases, including Omaha and Jersey Cen
trail. The stock market for the week in
most cases, resulted in fractional declines.
The favorable factors In the situation
. outnumbered the others, though the dis
turbing features were regarded as of i'm
portance. Among the gravest is the stu
alton from speculative standpoint were
the New England cotton strike and the
possibility in China Cuba and the consid-
Grafton by the Senate that bonds may be
paid in gold or silver. There was much
to cause an optimistic view on prices.
Among others are the immense increase
in the earnings of railroads, large exports.
Egypt and Russia, usually sources of sup
ply for Russia, were reported to be i'm
porting American corn.
Money continues to gravitate here from
the interior of the country, the banks gain
ing over 81, 500 900 last week. The break
In the money market was largely due to
the continuance of the government depos-
its of Union Pacific money in the banks.
The Klondilkers, Sugar and local corpora
tions including Gas and Traction Rail-
roads, were active, and at times showing
q buoyancy.
The Changers and Coalers ruled heavy.
There seemed little outside interest in
speculation the dealings being of less vol
than was the case last week. Advices re-
garding the probable success of the Ha-
waiian treaty were reflected in Sugar trust
fluctuations. After covering a range of
nearly points, Sugar closed at nearly II
Improvement. Consolidated Gas closed with
rise of 134 per cent. The extraordinary
rise since the municipal election on Metro
politan Street Railway was continued, the
advance for the week being 11A per cent.
| This is accounted for In the published
statements of increased traffic, owing to
the completion of the extensions of the
system, but manipulation was very promi-
nent in the leading.
Pittsburg, Cincinnati, Chicago and ST.
Louis were prominent in the dealings, ow
ing to excellent traffic statements and
scored net gains of "a and AZ on the COM
mon and preferred, respectively.
The bond market for the week displayed
| a striking degree of strength in special
cases, which embraced liens of companies
| operating the Pacific Northwest Some in
terest was attached to the speculation in
Seattle Lake Shore and Eastern lists, ow-
ing to the fight for the control of the
property by the two leading railway sys-
TENS which was reflected in an enhance
ment of ~ per cent. in the price of the
issue. Transactions for the week were $2O-
ri, 900 Government bonds ruled at slight
concessions generally throughout.
Sales os stocks to-day, $4,000 shares.
New York Closing Stocks
Atchison 1900. 12AlSt. Paul. ........ 94h
do pref ...... 2919 do do pref 80. 1882
B. G. Ohio $40. 1878 ST. P. & ON -. 1874
Can. South -. So st. P. M. & M. 121h
|