The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-23
THE MORNING NEWS, FRIDAY, SEPTEMBER 3d. 1898

l02 asked Alabama Midland per cent in
,lorsed, 90 bid, "a asked; Brunswick and
Western As, y bid. IS asked; South Bound
Railway 5s, so bid, SPY asked; Georgia and
Alabama first preferred S. 103 bid, 104 ask
ed; Georgia and Alabama cons. 5s. 50 bid,
81 asked; Eatonton branch. 30 bid 91asked;
Central of Georgia, Middle Georgia and
Atlantic division 5s 50 bid. 81 asked.
Railroad Stocks - Augusta and Savan-
nah, 9S1a bid, 991a asked Southwestern, 9SIb
bid, 9912 asked; Atlanta and West Point
stock, LOG bid, l07 asked; Atlanta and West
Point 6 per cent. certificates, 1O4 bid lO5
asked; Georgia common, 1872 bid, 1888 asked
Savannah Construction Company, SO bid,
81 asked.
Gas Stocks-Savannah Gas Light stock,
% bid. % asked; Electric Light and Pow
er Company, 70 bid. rs asked.
Bank Stocks, Etc.-Citizeps Bank. 11Ol4
bid. Ill asked; Chatham Bank, 4s1a bid,
1914 asked; Germania Bank. 11016 bid. 1111a
asked; National Bank of Savannah, t25
bid, 126 asked; Merchants National Bank,
S4 bid, S41a asked; Oglethorpe Savings
and Trust Company. 100 bid, 1O7 asked;
Southern Bank of tEa State of Georgia,
100 bid. 1872 asked; Savannah Bank and
Trust Company, 1O2 bid. 1903 asked; Chat
ham Real Estate and Improvement Com
pany, A, 5512 bid Sc asked: b, So bid, 551a
asked; Peoples Savings and Loan Compa-
ny, 80 bid, SO asked.
Factory Bonds Augusta Factory 105
bid, 106 asked; Sibey Manufacturing Com
pany, IS, 100 bid 1902 asked.
Factory Stocks-Augusta Factory, S.
bid, So asked; Graniteville Factory, 140 bid,
l45 asked; Langley Factory, 100 bid, 1Ol
asked; Enterprise Factory common, 80
bid, "a asked; J. r. King Manufacturing
Company, 100 bid 10l asked; Sibley Manu-
featuring Company, 70 bid, 76 asked; Sa-
Vannah Brewing Company, 80, bid 10l
asked
New York, Sept. 22.-Money on call was
at 21a@i12 per cent; the last loan was at
3 per cent. Prime mercantile paper, 4d5
per cent. Sterling exchange easy, with
actual business in bankers bills at 4S3A
04A for demand, and at $4.S1AG4.S1la for
sixty days. Posted rates, $4S212d4S5.
Commercial bills, $4.S012Gt4. SO34 Silver GER
tificates, 6ld62c. Bar silver, 81 5-16c. Mex
lean dollars, 4712c. Government bonds We're
weak. State bonds were easer. Railroad
bonds were firm.
New York, Sept. 22.-To-day's market
was largely given over to what are known
as the specialtes. There was an upward
rush of prices in these stocks at the open
ing, but the evidence of weakness in SUI
gar, which dominates the specialt lies,
quickly brought realizing sales. The tone
was rather heavy and the time somewhat
feverish for the rest of the day.
Manhattan jumped * above par, on Pres
ident GOuld's talk of early electrical equip
ment, but the character of the selling at
the advance caused distrust, and the
bears raided the stock. The extreme
range of both the stocks was more than
4 per cent, and New York Airbrake,
which rose over , points in the early deal
ings, reacted 81. Tobacco also ranged over
312 points, and closed practically unchang-
ed. These are extreme examples of what
was going on to less extent throughout
ha lf-t Of isaI7 .t-s
were very cratic, and the market was ex-
cessiVeiy irregular. Meanwhile, the rail
road lists were rather sluggish and resist
ed The depression in the specialties except
for a few stocks.
The press Of relief of the New York
money market was continued to-day by
further large engagements of gold from
London, by a debit balance against the
sub-treasury of $1,271, 444, and by demands
upon domestic centerS. New York ex-
change in Chicago rose from 10c discount
to 10c premium call money i'm London rose
p per cent; open market discounts there
rose Is to q per cent, and the Bank of
England raised its minimum rate Of dis
count from 212 TO per cent, after hav-
ing borrowed largely from the market to
raise the rate to the level of its own The
demand for silver dollars for shipment to
the West has led to the sub-treasury Civ
ing notice that the dollars must be paid
in silver certificates or treasury notes,
since the supply of coin has been nearly
reduced to the amount of outstanding sill
yer certificates.
The bond market continued compare
lively dun, but prices were we'll held To-
tai sales, 81 10000. United States rs de-
clined Y and the new As a, while the old
As, coupon, advanced "A in the bid price.
The total sales of stocks to-day were
35S 100 shares, including 5,971 shares Chi
or md nr4fY, IN
haitian, 1891 Northern Pacific, 500 I'm
ion Pacific, $40 st. Paul 81, S57 Union Pa
cifc preferred, PATIO American Cotton
Oil, Is, $50 American Tobacco, $3.50 Chi
cago Great Western, 9,795 Peoples Gas,
$3.50 Sugar
New York Closing Stocks.
Atchison ........ 12B do do pref ...157