The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-16

fngs and Trust Company, 105 bid, 100
asked Southern Bank of The State of
Georgia, bid, 1Ss asked; sa-
vannah Bank and Trust Company. 102
bid, 1929 asked; Chatham Real Estate and
Improvement Company, A. 50 bid. So
asked; B. sig bid. So asked; Peoples saw
fngs and Loan Company, IS bid, 80 asked.
Factory BOnds-Augusta Factory, s.
bid 81 asked; Graniteville Factory, 145 bid,
101 asked; Eagle and Phoenix Manu-
featuring Company, 5 per cent bonds -
bid, 40 asked; Sibley Manufacturing Com
pany 6s 10l bid, 1902 asked.
Factory Stocks-Augusta Factory.
bid SO asked: GraEitcville Factory, 1i5 bid,
Isl asked; Langley Factory, lA bid, 1854
asked; Enterprise Factory, common 80
bid, Sc asked; j. r. King Manufacturing
Company 104 bid, 105 asked; Sibley Manu-
featuring Company, 70 bid, IS asked Sa-
vannah Brewing Company 50 bid 81 ask
ed.
New York. Feb. 15.-Money on call clos
ed easy at lA@115 per cent; the last loan
was at IA per cent. Prime mercantile pa
per SGi4 per cent. Sterling exchange weak
with actual business in bankers bills at
"a. S5A04 S59s for demand and at %.8Z9
4.S21 for sixty days. Posted rates, A.s44
ASH. Commercial bills, s4.S2lb- Silver
ceraificates, 5614G56$ic. Bar silver, 55$sc.
Mexican dollars, 4514c. Government bonds
were StIOnS. oldtt DCiltS N'iS o0Ai' AN'-A'
road bonds were firm.
New York, Feb. 15.-The Evening Posts
London financial cablegram says: IAN
the stock markets here were dominated
by politics, Americans by Cuban affairs,
and other markets by the general outlook.
Americans opened over the parity. gave
way, rallied on reports that Spain had Is
sued an Apologize letter, relapsed in the
absence of confirmation Of the report and
.l1 f~s,n
support 1t is difficult TO fathom wholly
the reason for the fall in the price of gold.
The reputed reasons for apprehending,
however that Russian and other continent
al demands will be less pressing in the fu-
ture the slightly easier tone of the money
market was partly due TO his decline IN
bar gold.'
New York, Feb. 15.-To-day's sharp
rally in stocks is TO be attributed to COW
ering of short contracts put out in yes
terday's furry. Buying was said 10 be
heavy for Washington account wnich
was heavy seller yesterday. Yesterd1y's
losses were more than recovered in most
cases, Notwithstanding a smaller volume
of business to-day. There was at least
one period of general reaction during Inc
day, but it was of short duration and de-
clines reached some proportions.
There was also profit taking in a few
special STOCKS winch dkQ rot Affect the
general list to a noticeable extent Amer
lean securities continued to be favorites
on the London exchange where prices were
marked upward with a distinctly conf
dent tone before the opening here and
London continued a buyer here even aft
err prices had advanced to the London par
ity
Much stress was laid on this as indicat-
ing a definite change in the attitude of
the British investing public toward Amer
lean securities They were persistent sell
ers of Americans during all of last sum-
mer and during the subsequent rise which
has been almost continuous since Novem-
Der. They are now buying American
stocks at prices many points above where
they sold. This buying is regarded as the
more significant on account of higher
rates of money in London as compared
with New York and the heavy balance Of
exchange still known to be outstanding
in favor of this country. In Paris Spanish
4s declined on fears of strained relations
between the United States and Spain and
American securities declined on some Of
the continental exchanges but London
Eeeded none of these considerations and
continued buying at advancing prices.
Foreign exchange begins to reflect this
buying, and demand sterling to-day de-
cllned Il and cable transfers the same
amount.
Metropolitan Street Railway showed a
continuance of yesterdays weakness after
an early period of strength and dropped 4
POINTS 1t subsequently rallied. but closed
the day with a sharp loss. Other local
securities were strong. Minnesota Iron
was conspicuously heavy and Lake Shore
ruled strong. Reports of a circular is
sued 70 stockholders asking an option on
the stock with a view to the purchase of
Texas Pacific was benefited by runors
that it was connected with Trunk Line
agreement. In the active list net gains
of between and points for the day were
frequent
The strength and activity in bonds in
creased as the day passed. Business in
Texas Pacific was large. Individual trans
actions IN heavy blocks at an advance of l
point. Total sales $4643. 900.
The total sales of stocks to-day were
Sil,FOO shares, including Atchison prefer
red 5,T75; Burlington, 39,T0; Louisville
and Nashville, $3.50; Manhattan, 10. 43O;
Metropolitan. 1880; Kansas and Texas
preferred, 1855 Northern Pacific prefer
red n,62S; Oregon Short Line, 100; Rock
Island, 1910; St. Paul, 1920; Texas and
Pacific, 300; Union Pacific, 6221; Tobae-
co, 9,546; Peoples Gas 1920; Consolidated
Gas, S,769; Sugar. 1O,O55; Rubber, 7.771;
Rubber preferred, 1887; Western Union.
1O,197
New York Closing Stocks.
Atehison ..".... 127siSt. P. & Om... 777sl
90 PREF. ...,.. SlSs do do pref. $50
Bait Ohio.... II st p. M & NJ. 1S4
Can. Pacific .. SSh So. Pacific %
can. 50. ...'.... 5i14 So. Railway 49,. as
Cent. rae. ..... lSla do pref. ........ 32l5
Ches. & Ohio 23lz Texas & Pacific 1925
Chi q Alton ..165 Union Pacific =. 34as
chi d. q O.. .492laI U. p. ID. & c.. Sl4
Chi. & e. IN. 57ls Wabash .....
C.C.C. & St.L... 35lz do pref -. 1861
DO DO pref. ... SO Wheel. & L. E.. 2&i
Del. & Hudson. 111lk do do pref. 1875
Del. L. q w. 1854 Adams Express. 100
Den. Rio c.. 1874 Am EXPRESS. .126
do pref 51a4 United States. ~
Erie new 80. Is Wells Fargo ...1l5
do 1st pref. 42is A. Cot Oil ... q
Fl. Wayne .....170 do pref. ....... 751l
CT. Nor. pref. .156 Am. Spirits .. az
Hooking VAIL. ri do pref. ...... 20l[
Illinois Cent. ..105A Am. Tobacco %
Lake L. & W.. II do pref. ....117
do do pref. 74A Peoples Gas 49,. 965s
Lake Shore ..... 959iCons Gas .......1es
Ia e. N. .......... 59" Com. Gable Co. lS5
Man. L. ......."ll73. Col f. & Iron. 231a
Met 81. Ry.....161% do do pref. .. 70
Mich Cent......1l2 Gen. Electric ss
iva