The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-11-01
PAGES 8 TO 10.

Georgia Railroad IS. 1910, us bid III asked.
Charlotte. Columbia and Augusta first IS
JOG bid lO7 asked; Charlotte. Columbia and
Augusta second mortgage Is. III bid, liS
asked Georgia Southern and Florida new
bs 1904 bid. 1O7 asked: South Georgia and
| Florida first mortgage Is. 1924 bid, 1O3Is
asked South Georgia and Florida second
mortgage Is, 1929 bid 1924 asked: Ocean
Steamship per cent. bonds, 1926 1914 bid
1854 asked; City and Suburban Railroad
first mortgage per cent. bonds. 100 bid
1902 asked; Alabama Midland per cent in
dorsed. 921s bid, 1914 asked; Brunswick and
Western As. 70 bid rs asked: South Bound
Railway 5s, SO bid, SO asked: Georgia and
Alabama first preferred 5s, 1903 bid 104 ask
ed Georgia and Alabama cons. IS. 30 bid.
81 asked; Eatonton branch, 90 bid, 81 asked:
Central of Georgia. Middle Georgia and
Atlantic division IS, SO bid, "a asked.
railroad Stocks Augusta and Savan-
nah, 1919 bid 1O0lS asked: Southwestern.
100 bid, 10l asked; Atlanta and West
Point stock. 10 bid. 112 asked; Atlanta and
West Point per cent certificates, 1903
bid. l0i asked; Georgia common 1876 bid,
1873 asked.
Gas stocks-savannah Gas Light stock.
q bid. % asked; Electric Light and Pow
er Company. rs bid, rs asked
Bank Stocks. Etc.-Citizens Bank 1f0A
bid. Ill asked: Chatham Bank, a bid,
Is asked: Germanla Bank, 1l0ik bid, 11I1s
asked; National Bank OF Savannah. 1876
x.
"a bid, SO asked, Oglethorpe Savings
! and Trust Company, 1906 bid, 1O7 asked:
Southern Bank OF the State OF Georgia.
1870 bid 1871 asked Savannah Bank and
Trust Company 1903 bid, 104 asked;
Chatham Real Estate and Improvement
Company. A. 55h bid. Sc asked; B, 55 bid,
55ls asked; Peoples Savings and Loan
Company. 92ls bid. 93l5 asked.
Factory Bonds-Augusta Factory, los
bid, JOG asked; Sibley Manufacturing Com
pany 6s, 100 bid. 100 asked; Eagle and Phe-
nix Mills per cent bonds, due 1925 1o1
bid, 1902 asked
Factory Stocks-Augusta Factory, IS
| bid, 65 asked; Graniteville Factory 40 Lid.
Jas asked; Langley Factory, 100 bid 10l
asked; Enterprise Factory. common. 80
bid, 81 asked; j. r. King Manufacturing
Company. 100 bid. l01 asked; Sibley Manu-
factaring Company, 20 bid. 76 asked; sa-
vannah Brewing Company. l01 bid. 1903
asked
New York, Oct 31.-Money on call was
easy at l&d2 per cent. the last loan was
al IA per cent. Prime mercantile paper,
Sh@4h per cent Sterling exchange
firm, with actual business in bankers
bills at %.s5lza4 .S524 for demand, and at
ST. &IsQ4.S2A for sixty days. Posted
rates, 81. s36t4 Sl1hd4. S66f4. 81. Commercial
bills, As1. Silver certificates. 6ld62c Bars
silver, Csc; Mexican dollars. 471kc: gov
eminent bonds firm; state bonds inactive:
railroad bonds irregular.
New York. Oct. 3l-Some obvious effort
was required to sustain prices to-day
above the level of Saturday and the mid
day rise was not maintained TO the close,
| prices in some cases declining below sat
urday's level An inspection of the list
Will reveal that outside of a very few
| cases. net changes are unimportant. Some
| observers believe that such strength as
| the market has+is due to the support Of
very powerful aggressions Of capital,
which are interested In seeing higher
| prices for some new securities.
Quite a large proportion OF the total
business to-day was IN Tobacco the price
of which was rushed up points TO 1433s.
Much business Is taken up by the Federal
Steel securities. the preferred stock ris-
Ing nearly points to TEN. The steel
stocks are dealt In when issued" which
Is the Stock Exchange phrase for buying
what has not yet come into existence.
There are 20 be $500, COX, 900 OF the Federal
Steel stocks There are to be $50 900, 900
of securities of the new continental plug
tobacco. As these securities are In pro-
cess OF fotation the importance OF sus-
tanning values In the general market for
their benefit Is undeniable. The task OF
doing this to-day was not an easy one,
and In the late dealings with selling OF
Northern Pacific on a large scale, the
talk of fresh complications In connection
with the roads relations with other roads,
the burdens apparently became too hesvy.
and pretty much all the earlier gains we're
wiped out. Tobacco and Federal Steel
were conspicuous exceptions.
There were other points OF strength In
the market during the day, particularly
among the Western and Southern rail-
roads. But there was no general public
interest in the market, and some attcn-
ton was paid to the large naval and MILF
tary preparations making In Great Brit
ain. The weakness Of the wheat market
early In the day on the big Russian ship
ments was also an influence in the mar
ket. The small demand for money Is not
regarded as a favorable indication now
that there are abundant funds in the
market.
There was continued activity In the
bond market. the speculative and reor-
ganization bonds being the fayorites. The
Union Pacific As sold most Of the day
at par, which price they touched for the
first time on Saturday. Total sales, So
O90,0 600. Government bonds we're unchang-
ed.
The total sales of stocks were s44l0O
shares, including 7,7S0 Atchison preferred;
14.255 Chicago. Burlington and Quincy; H.
80 Louisville and Nashville; $500 Manhat-
tam 1850 Northern Pacific; 6444 Rock
Island; 2s,450 st. Paul; 5000 American
Tobacco; 21.6l5 Federal Steel.
New York Closing Stocks.
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