The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-21
PAGES 8 TO 10.


mortgage Is 1924 bid. 1G3A asked; Ocean
steamship per cent, bonds 1926, 1919 bid.
1854 asked; city and Suburban Railroad
first mortgage per cent bonds, 100 bid.
l02 asked; Alabama Midland per cent. in.
dorsed. 92ls bid, 1914 asked; Brunswick and
Western Is, 70 bid. rs asked; South Bound
Railway 5s 81 bid, 81 asked. Georgia and
Alabama first preferred IS, JOB bid, l0t ask
ed; Georgia aud Alabama cons. IS, 30 bid.
81 asked; Eaionton branch. 30 bid ,9iasked;
Central OF Georgia, Middle Georgia and
Atlantic division 5s, 81 bid, 50 asked.
Railroad Stocks Augusta and Savan-
nah. 99k bid 1904 asked; Southwestern.
99i5 bid. l0Ols asked Atlanta and West
Point stock los bid, 10 asked Atlanta and
West Point 8 per cent. certificates, 1881
bid, 1914 asked; Georgia common, 1876 bid,
1877 asked
Gas stocks-savannah Gas Light stock,
% bid, % asked; Electric Light and Pow
er Company. "a bid, Is asked.
Bank Stocks. Etc.-Citzens Bank 110N
bid. 1903 asked; Chatham Bank, IS bid,
asa asked; Germania Bank, 110Iz bid, 1111z
asked; National Bank of Savannah, 125
bid 1876 asked; Merchants National Bank,
"a bid, SO asked Oglethorpe Savings
and Trust Company, 105 bid. i07 asked;
Southern Bank of the State of Georgia
100 bid, 1871 asked; Savannah Bank md
Trust Company, 1924 bid. 1884 asked:
Chatham Real Estate and Improvement
Company, A, 55la bid, s. asked; b, IS bid.
Company, 92i5 bid 93la asked.
Factory Bonds Augusta Factory, los
bid, log asked; Sbley Manufacturing Com
pany. Is, 100 bid. 102 asked.
Factory Stocks-Augusta Factory, 55
| bid 65 asked; Granlteville Factory. 14O bid.
las asked; Langley Factory, 100 bid. Iot
| asked; Enterprise Factory. common, 30
| bid, 81 asked J. r. King Manufacturing
| Company. 100 bid 10i asked; sibley Manu-
| featuring Company. 10 bid 76 asked; Sa-
vanpah Brewing Company. 1ol bid. l0z
| asked
New York. oct 20.-Money on call was
| easier at liam2 per cent; he last loan was
| az ~ per cent Prime mercantile paper,
| 34@4 per cent Sterling exchange. firm,
| with actual business I'm bankers bills at
| AS3l9aA8iA for demand. and at A.8iAD
| $3.50 for sixty days; posted rates, N.S2bs0
! $ls5. Commercial bihs. A.S0lSd4.Sl. Sill
yer certificates. 609l6lc. Bar silver, 60o.
! Mexican dollars i6lac. Government bonds
| were week; state bonds were inactive; rail-
road bonds were steady
New York Oct. 20-Considering the
| apathy ana Indifference which have re-
Gently been manifested on the Stock Ex-
| change the resistance made to-day 10 the
| depressing influences existing on all for
eisn security markets was rather remark
| able
! Even at the opening prices refused to
| yield to a parity Of those established i'm
| London for Americans but our opening
| and the rather heavy volume of offerings
/ for London account, were easily absorbed
| az a level sufficiently higher 10 make a
| very nice profit for the arbitrage brokers.
After the London selling had ceased in
| the forenoon, the market took ON a hard
ening tendency and broadened out very
| perceptble extent
Prices of the Changers and other rail-
road stocks, including some In the list OF
| those dealt IN on foreign exchanges, rose
| bx4tf q ar "a
| retrieved the earlier losses.
| Many recently inactive stocks were
| brought into the movement and there
was resumption Of the buying in small
lots OF some of the well secured paying
stocks
In former times the threats Of war in
Europe has brought with II the dread that
the large foreign holdings of American
| securities would be forced to liquidation
| on the New York market. The indiner-
| ent mood In which the possibility was
| viewed to-day Is a striking proof. OF the
| large reduction which has been worked i'm
| the foreign holdings of our securities az
| payment for last years large trade bal
| ance IN our favor. That trade balance
| and the continued movement In our favor
| are also the ground Of Indifference OF the
! money market abroad European govern
| heut securities declined a sharp fraction
! and money rates advanced in sympathy
! at all European centers. Yet the only ef-
! feet IN the New York market was 20 nafa-
en- the rates for foreign exchange frac-
tion.
AS for the local money market, not a
| ripple was caused and rates for call mon
| ey actually declined 10 ~ per cent.
against the recent minimum OF per cent.
with range up to 2h per cent. The
| strength Of this country's financial posi-
ton could not be more strkingly illustrate
3D. Sugar found support at moderats
decline and Tobacco was firm all day.
The market for bonds was not active,
but prices were well held, The total sales
were 81, 7G5 900. United states rs declined
! ne. the SIS, coupon. nc and the old As,
! registered, the new as, coupon, and the
SIS, registered Nc IN the bid price
The total sales OF stocks were 1890
shares, Including 1854 Atchison preferred;
30. 800 Manhattan; $3.50 Metropolitan 1873
Northern Pacific 1852 81. Paul; 1880 To-
bacco; 1850 Sugar.
New York Closing Stocks.