The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-11-27
THE MORNING NEWS: SUNDAY. NOVEMBER 27, 1898


Central Of Georgia. Middle Georgia and
Atlantic division IS, 80 bid, 30 asked.
railroad stocKs-Augusta and Savan-
nah, lO1 bid, l01is asked; Southwestern.
ICE bid, 1929 asked; Atlanta and West
Point stock, llO Did. III asked; Alanta and
West Point 6 per cent certificates, l0s
bid, l04 asked; Georgia common, 1871 bid,
1875 asked
Gas Stocks-Savannah Gas Light stock,
2sia bid, "a asked Electric Light and
Power Company, So bid, 70 asked
sank Stocks, Etc.-Citizens Bank. 110lt
bid, III asked Chatham Bank, Az bid,
4S1z asked; Gernania Bank, ll01s bid 1l11a
asked Nationa. Sank OF Savannah, l26
bid l27 asked; Merchants National Bank.
SS1a bid S4I5 asked; OgIethorpe Savings and
Trust Company. 1O5 bid l07 asked; South
ern Bank of the State of Georgia, 100 bid.
1877 asked; Savannah Bank and Trust Com
pany, l04 bid, los asked; Chatham Real
Estate and Improvement Company, A, 551s
bid, Sc asked; B, IS bid, 551s asked; Peo-
pies Savings and Loan Company, 81 bid,
SO asked.
Factory Bonds-Augusta Factory. 1O5
bid. l06 asked; Sibey Manufacturing Com
pany 6s, 100 bid, 102 asked; Eagle and Phe-
nix Mills per cent. bonds, due 1925 l0l
bid, 102 asked.
Factory Stocks-Augusta Factory, So
bid, 65 asked; Granitevile Factory 140 bid,
4to dNh6us Lang icy II dCtOTSs lUO QlUs lul
asked; Enterprise Factory, common, 80
bid, "a asked; ]. r. King Manufacturing
Company. 100 bid, 101 asked; Sib,ey Man
ufacturing Company. 70 bid, rs asked; Sa-
vannah Brewing Company 101 bid. l0S ask
ed.
New York. Nov 26.-Money on call was
frmer at 2d21a per cent. The last loan 21a
per cent Prime mercantile paper, 5A@4A
per cent. Sterling exchange steady with
actual business in bankers bills at &.Si46
4.s5 for demand. and at $4.S19404.S2 for six
ty days. Posted rates, $4S2l2 and 1886.
Commercial bills, 81. S1G4. S11a. Silver GER
tihcates, 60lzQ6llac. Bar silver. $3.50. Mex
lean dollars, 1890. State bonds were in
active. Railroad bonds were easy. Govern
ment bonds were steady.
New York. Nov. 26.-The weekly banks
statement shows the following changes:
Surplus reserve, Increased, 81, 69O, 200; loans,
decreased, $2,345.4OO; specie. decreased,
1872 100; legal tender, increa sed, $1636, 400;
deposits, decreased So. 800; circulation,
increased, $3.50. 800.
The banks now hold $1S3 ,575 in excess
of the requirements of the % per cent.
rule.
New York, Nov. 26.-To-day's short ses-
sion of the Stock Exchange was long
enough for several uncertainties to de-
velop and to shelve themselves again so
that the session, as a whole. continued on
the same irregular and mixed character,
as those of the whole week have been.
The strength of Americans on the London
market was not sufficiently pronounced to
affect the opening prices here, and prices
were below the London parity, even where
gains were shown. 1t was clear enough,
however. that there was continued good
demand for Union Pacific and the St. Louis
and San Francisco preferred stocks, and
Northern Pacific recorded a recovery OF
part of yesterdays decline. There was
continued profit taking evident at other
points, and Manhattan suffered a break
of 15s, on published denials of a Wander
blt interest, and Tobacco almost as much
of the threatened competition in ciga-
rettes. There were conspicuous fractional
recessions also in the Baltimore and Ohio
stocks, and the Coalers showed no exhil-
GRAFTON over rumors that the coal trade
had been fixed There was not much
encouragement to bear opera tons In such
a market and when reports by cable were
received that the Spanish government had
| instructed its commission to sign treaty
of peace, the market generally turned up
ward and quickly -retrieXed a part or all
| of the earlier declines. Atchisons October
statement helped the companys preferred
stock, and by sympathy the entire list
| Their statement showed net Increase of
| 1927 ,4S7, saved out Of the gross increase.
Good statements of earnings by a num-
Der of other railroads helped the recovery.
The bank statement was considered a
strong one at the first glance. with the
increase in surplus reserve, though sub
sequent scrutiny of the decreased loan
item caused some modification Of this view
and caused some late reactions But not
until an active buying movement had de-
veloped all through the list. There was
heavy covering in the Federal Steel stocks
and sharp recoVeries in the Baltimore and
Ohio stocks. The st. Paul and Duluth,
and other less prominent issues, were also
markedly strong.
The bond market has been active and
broad during the week, and prices, with
few exceptions, are higher, though there
has been some irregularity in the move
ment at times. United States IS coupon
have advanced H. the old As registered and
the new As. q, and the Is the IS, the old
As coupon and the IS registered 4 in the
bid prices. The total sales of stocks were
212, 500 shares, including Atchlson prefer
red $685. Louisville and Nashville 6,6O7;
Manhattan, 7,475; Union Pacific 1880; ST.
Paul. 53lS; Southern Railway preferred,
$40; American Tobacco, Is 600; Federal
Steel preferred. 11,O56; Sugar. $500.
New York Closing Stocks.
Atchison .. 1879 st. L. & ST.. S9sl
do pref ........ 46% do pref. ....... 671hi
b. & o. ......... 5S1s do End. pref. :. "a
Can. Pa ........ S5S StL.& S. w. =. 5hl
Can. So. ......... 5434 do pref. ........ 1879
Cen. Pa. ........ 3A ST. Paul ....... .1131al
G. & o. ......... 23lsl do pref. ........ 1921
C. & A. ...162 isl. P. & Om S61k
G., B. & Q. 1875 do pref. ...... 1865
6. & E. I. ...... 6O7s StP. NJ & M. 40
do pref ........110% Co Pa. ......... 251b
@ q q. w. -. los So Ry. .......... 1Ol4