The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-26


bid 1915 asked; Georgia common, l95 bid,
lT asked.
Gas Stocks-Savannah Gas Light stock.
o bid. % asked; Electric Light ana Pow
er Company rs bid. 75% asked.
Bank Stocks, Etc.-Citizens Bank. llOl4
bid, l1OA asked: Chatham Bank. IS BID
4Sls asked Germania Bank, ll0i2 bid lll p
asked: National Bank of Savannah. l-o
bid, l27 asked; Merchants National BanN'
81 bid So asked: Oglethorpc savings
and Trust Company, 100 bid lU' hsNed'
Southern Bank of the State of Georgia,
1904 bid, 1872 asked; Savannah Bank anu
Trust Company 1903 bid, lW asked >
Chatham Real Estate and improvement
Company, A, 55l2 bid, So asked H. 90 u'u'
55lb asked Peoples Savings and loan
Company, 92ls bid. 1872 asked
Factory Bonds-Augueta FACTORY, IVo
bid. 100 asked; Sibley Manufacturing com
pany, IS, 100 bid 1902 asked.
Factory Stocks-Augusta FACTORY %
bid So asked; Graniteville Factory, l4o ha,
145 asked; Langley Factory, Jog bid, ~
asked; Enterprise Factory, common, W
bid. "a asked; j. r. King Manufacturing
Company. 100 bid. l0l asked sibley Manu-
featuring Company. 20 bid, 70 asked "a
Vannah Brewing Company, lOl pld, US
asked
New York, Oct 25.-Money on call was
steady at 1S4d2 per cent; the last loan
per, SN@4 per cent. Sterling exchange,
weak, with actual business in bankers
bills at AS5AN4.S6 for demand, ana
$AS2Ad4 S224 for sixty days. Posted rates
$.83M4 S6ia Commercial bills, 81 ao44Sl
Silver certificates. 6046lc Bar silver 6lc
Mexican dollars 47l4c. Government bonds
were strong: state bonds were Inactive
railroad bonds were firm.
New York Oct. 25.-The periodical set
Element on the London Stock Exchange
to-day developed very nervous state OF
feeling In financial markets, due botn TO
the strength conditions of the money mar
ket and to the Threatening political out
look. The very high loaning rates for car
Tying over stocks precipiated quite an
active liquidation and a squeeze In money
rates. The uneasiness in London was re-
flected upon other markets in Europe, and
there was general rise in the rates OF
exchange on London, and in the discount
rates at all continental centers. BRUSH
consols dropped a full point ana govern
ment securities and all other classes Of
securities including American raiiroads,
showed violent declines The announce
ment of the postponement of the British
cabinet meeting brought some relief ana
the bears were actively recovering an Lon
don about the time the stock market IN
New York opened. There was very
large and aggressive supporting orders IN
tle IldIhSt ucit at 1iiS DpStiHbf ~ ''i'''
the decline in prices at the time on ac-
count of the selling for London account
were trifling and were soon overcome.
Selling for London account was IN tact
a small factor, and before the arbltrage
trading was concluded lot the uaS Lon
don turned buyer, and took talr amount
of stocks in this market. Consols thefe
scored almost fun recovery ana the
upward movement in other departments
was almost as violent. Relieved from that
depressing influence prices mere moehted
upward quite easily, the snort contracts
put out in yesterdays market being gen
orally covered, and the large Dull opera
tors who led last weeks buying resumed
the movement with great apparent con-
tidence. The trading was dull IN the 'atter
part of the day but prices were quite ilrIn-
~ held and closed at about the best
Net gains in many instances reached
point or over and prices on the average
entirely retrieved yesterdays sharp de-
cline.
Tobacco was furlously active all day
and covered an extreme range of over Z
points. The prices was lowered IN the
morning on the announcement of the in
corporation of a new tobacco company
with a large capital But traders dis
trusted the first Interpretation of this now
company and the prices were run up on
very large transactions which were
largest at top prices. Sugar was held
firmly In sympathy with tobacco Pull
man sold off points on the Illinois jul
dieial decision holding that the company's
large estate ownership involved a viola
ton of the charter, The stock recovered