The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-28
THE MORNING NEWS, WEDNESDAY, SEPTEMBER % 1898.


dorsed, s25s bid. ss1k asked; Brunswick and
Western As, u bid. 70 asked; South Bound
Railway 5s, 50 bid, SO asked; Georgia and
Alabama first preferred IS, l0S bid, 10i ask
ed; Georgia and Alabama cons. 5s, 20 bid,
81 asked; Eatonton branch 80 bid, 9lasked.
Central of Georgia, Middle Georgia and
Atlantic division IS. S11a bid s21s asked.
Railroad Stocks - Augusta and Savan-
nah, 9sl2 bid, 9sl2 asked; Southwestern, 90
bid. 99ls asked; Atlanta and West Point
stock, los bid, 10 asked; Atlanta and West
Point 6 per cent. certificates. l0Sih bid lO415
asked; Georgia common, 1872 bid. 1875 asked:
Savannah Construction Company. "a bid
81 asked.
Gas Stocks-Savannah Gas Light stock.
% bid, % asked; Electric Light and Pow
er Company "A bid IS asked
Bank Stocks. Etc-CitiZens Bank 110h
bid, 1903 asked; Chatham Bank, IS bid
40 asked; Germania Bank. 1l0ls bid, 1llIb
asked; National Bank of savannah l25
bid, 126 asked; Merchants National Bank
SO bid Sc asked; Oglethorpe Savings
and Trust Company. l05 bid, 1917 asked,
Southern Bank of the State of Georgia
$50 bid, 1872 asked Savannah Bank and
Trust Company, l02l2 bid, 1882 asked;
Chatham Real Estate and Improvement
Company. \, 55la bid. Sc asked; B. 80 bid
55h asked; Peoples Savings and Loan
Company, 80 bid. SO asked.
Factory Bonds Augusta Factory. l05
bid, LOG asked; Sibley Manufacturing Com
pany, Is. 100 bid, 102 asked.
Factory Stocks-Augusta Factory. So
bid, Go asked; Graniteville Factory. $40 bid,
las asked; Langley Factory, 100 bid, 10l
asked; Enterprise Factory, common, 80
bid, 81 asked; j. R. King Manufacturing
Company, 100 bid. 10l asked Sibley Manu-
featuring Company, 20 bid 76 asked Sa-
vannah Brewing Company, 101 bid, 1903
asked
New York, Sept 27.-Money on eall was
steady at 312d4 per cent; the last loan
was at 3l2 per cent. Prime mercantile "a
per, 40 per cent. Sterling exchange f. n,
with actual business in bankers bills at
81 S4Q4 S414 for demand, &.S4 for sixty
days Posted rates A.S2ia and $4.S5. Com
mercial bills 81 S01a. Silver certificates, 81, <
Q62c Bar silver, 61bc. Mexican dollars,
Also. Government bonds weak.
New York, Sept H.-To-days action in
the railway and miscellaneous share mar
ket showed a better distribution and the
railways assumed more prominence in the
trading than for some time. Speculative
sentiment became decidedly bearish over
night, and The bears made what appeared
| TO be well outlined plan during the day
Tobacco was utilized as a level to inl-
| tate the drive, but after the price was
| damned 55 points to 1924 the stock met
| support aud recovered materially. The
| bulls endeavored 10 stem the downward
rush by working up Sugar and Ietropoh-
| tan and succeeded in steadying the list
| The bears turned their attention to Sugar,
and, after creating Generalization there
| took the other prominent specialties into
camp, one after the other, and soon had
prices tumbling all around.
Considerable discussion was aroused
| over the movement in Tobacco. The gen.
| orally accepted theory was that some pow
erful interest was letting go an extensive
I H. - -
| for the former blocks offered during the
past few days facilitated the efforts of the
| shorts.
Northern Pacific, in which dealings
| have been on a large scale recently, was
picked out, and a two-point break follow
| ed. Liberal amounts of long stock from
tired holders came out in the Changers,
and the trading became quite excited dur
| ing an interval In the afternoon
The list sieadied occasionally. but an
| other attempt to boost prices was accom-
| panied by semi stagnaton. Later in the
| day prices hardened on the August state
| ment of Northern Pacific, which showed
an increase in total net income of $217,54S
Atchisons report for the same period
which developed later, indca ted a falling
off in net of $43S,720 and the bears re-
newed the attack with final prices at about
| the lowest. Sugar, after improving to
| 1914, encountered heavy realizing orders,
| and on the way down considerable stock
came out around the even figures, which
! eventually put the price to HES. Suisse
| quent fluctuations were quite feverish, and
| the stock closed at lis.
The money market was less active, and
| the sales az BOA per cent, with the min
| imum figures prevailing at the close. Time
| contracts were without essential change
and there was a notable shrinkage in the
offerings of prime mercantile paper.
Operations in bonds were conferred
among the usually active issues, and prices
| fell off substantial fractions in some
cases. Total sales, 81, 626, 900. Government
bonds shared ia general weakness the old
As reacting II per cent.
Total sales of stocks to-day were 475,2CO
| shares, including 16, $40 Atchison preferred:
| 1850 Manhattan; 1,24O Northern Pacific;
| 49, Northern Pacific preferred; 1885
Rock Island; 800 Union Pacific; Is, 62O. ST.
! Paul; 1850 Tobacco; 23,S1 Peoples Gas;
| 70 ,220 Sugar.
| Now XorIr CIoc{no