The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-12-18

asked; Savannah, Florida and Western
first mortgage per cent. gold bonds, due
1924, 10 bid, Ill asked; Central Railroad
and Banking Company. collateral SIS. 96
bid, 80 asked; Central of Georgia Railroad
first mortgage 5s, 50-year gold bonds 11S
bid. 119 asked Central of Georgia Railway
first consolidated mortgage IS, IS bid, 9Sl5
asked; Central of Georgia Railway first
preferred incomes, 40 bid, Al asked;
Central of Georgia Railway second pre-
ferred incomes, 1879 bid, 1414 asked; Central
Of Georgia Railway third preferred in
comes, bid. asked; Georgia Railroad
6s, 1910, lis bid, III asked: Charlotte, Co
lumbia and Augusta first 5s, 106 bid, 107
asked; Charlotte, Columbia and Augusta
second mortgage Is, 1T bid, lis asked;
Georgia Southern and Florida new 5s, 1921
bid, 10 asked; South Georgia and Florida
first mortgage Is, 100 bid, 101 asked; South
Georgia and Florida second mortgage Is,
100 bid, 10l asked; Ocean Steamship per
cent. bonds, 1926, Jos bid, LOG asked; City
and Suburban Railroad first mortgage Z
per cent. bonds, 100 bid, 1O2 asked; Ala
bama Midland per cent. indorsed 30 bid
81 asked; Brunswick and Western As. so
bid, 81 asked; South. Bound Railway 5s.
81 bid, 80 asked; Georgia and Alabama
first preferred 5s, 1O6 bid, 1919 asked; Geor-
gia and Alabama cons 5s, 10l bid 1O2
asked; Eatonton branch, 81 bid, 80 asked:
Central of Georgia, Middle Georgia ana
Atlantic division 5s, IS bid, SO asked
Railroad Stocks-Augusta and Savan-
nah, 1O5 bid, 100 asked; Southwestern, 1O3
bid, 1O4 asked, ex-div. Atlanta and West
Point stock, 10 bid, 1l2 asked; Atlanta and
West Point 6 per cent, certificates, 1O1
bid, 1O2 asked, ex-int; Georgia common,
1917 bid. 200 asked.
Gas Stocks-Savannah Gas Light stock,
"a bid, % asked; Electric Light and
Power Company, 65 bid, II asked
Bank Stocks, Etc.-Citizens Bank, 1OS
bid, 100 asked; ex-div. Chatham Bank, 47A
bid, As asked Germania Bank 11O1a bid,
1111s asked; National Bank of Savannah 126
bid 127 asked Merchants National Bank,
$50 bid, S4la asked; Oglethorpe Savings and
Trust Company, 1902 bid, 103 asked; ex-div-
Southern Bank of the State of Georgia, 1870
bid, 1871 asked Savannah Bank and Trust
Company, 1852 bid, 1861 asked; Chatham
Real Estate and Improvement Company
A, 551a bid IS asked; B, SIS bid, 5515 asked;
Peoples Savings and Loan Company, 931h
bid 9i4 asked.
Factory Bonds-Augusta Factory, 1O5
bid 1O6 asked; Sibley Manufacturing Com
pany IS 100 bid, 1O2 asked; Eagle and Phe-
nix Mills 6 per cent. bonds, due 1923, 1O1b
bid 103 asked.
Factory Stocks-Augusta Factory, Is
bid, 60 asked Graniteville Factory, 40 bid.
145 asked; Langley Factory, 100 bid, 1O1
asked; Enterprise Factory, common, 80
bid 81 asked; ]. r. King Manufacturing
Company, 100 bid 101 asked; Sibley Manu-
featuring Company, 70 bid, 76 asked; Sa-
vannah Brewing Company, 101 bid, 1903
asked.
New York, Dec. 1T.-Money on call was
steady at 212 per cent. Prime mercantile
paper, 3d4 per cent. Sterling exchange,
frmer, with actual business in bankers
bills at $4841504.S4& for demand, and at
for civ
$4S215Q4S51a Commercial bills, S4,SOA.
Silver certificates. 591kq6O1kc. Bar silver,
$3.50. Mexican dollars, 47c State bonds
were inactive; railroad bonds were strong;
government bonds were steady.
New York, Dec. 1.-THE weekly state
ment of the banks shows the following
changes: Surplus reserve, increased $780,,
CTS; loans increased, S. GAG, 500; specie in
creased, 1925 600; legal tenders, decreased
S497 500; deposits, increased $10,14 100; cir
culation decreased, $43, 600. The banks now
hold $16,973395 in excess of the require
ments of the % per cent. rule.
New York, Dec. 1.-THE market to-day
opened firm with a rise of a point in IN
ion Pacific. Later the irregufarity in Lon
don, which had been ignored in the initial
trading was an influence locally. There
was a sharp break in the Vanderbilts.
Lake Shore losing eight and New York
Central and Canada Southern over point.
Local traction shares were off sharply,
especially Metropolitan and Manhattan.
Missouri Pacific also weakened decidedly.
There was considerable strength in other
spots, Southern Pacific, Central Pacific,
Denver preferred and Pittsburg Cincin-
natl, Chicago and st. Louis shares showing
firmness. In the second hour the down
ward movement was rather uniform. In
the final dealings, however, an improved
,s,.t,I Dali os,A to
and Lake Erie and Western stocks re-
corded substantial advances. The average
declines were less than l per cent. The
bank statement, which was more favora-
BILE than expected, was later than usual in
making its appearance, but its influence
helped the closing rally.
Features of pronounced interest devel-
oped in the bond market daily during the
week, and purchases of semi-speculative
issues were in an enormous volume. The
plethora of money at this center, which
failed to find employment in the money
market naturally directed into purchases
Of Investments and lower grade issues
which yielded an adequate return upon
the capital invested. Consequently,
steady absorption of mortgages contin-
ued, and occasional declines in active is
sues coincident with the vagarles of the
stock did not destroy the undertone Of
confidence Foreigners purchased freely
The hight rates prevalent for the better
class issues reduced the yield TO the in
weston in a very low level, scarcely ex-
ceeding per cent. in many cases. This
circumstance influenced buying of many
low priced issues. in which there is no
immediate prospect of interest return, but
holdings were secured with a view of
profting by rise i'll prices.
United States As, coupon, advanced p, the
old As, coupon, and the new IS, the old
As, registered and IS, a, and the 2s regis
tered. % in the bid price
The total sales of stocks were 276. 100
shares, including 6,11S Atchison; IA SO do
preferred; 1925 Central Pacific; $50
Chicago Burlington and Quincy; $3.50
Louisville and Nashville; $500 Manhattan;
II ,1G5 Missouri Pacific; 14275 Union Pa
cifc; $3.50 ST. Paul; 16,O45 Union Pacific
preferred; q, 1872 Federal Steel; - S42 do
preferred; 6,785 Tennessee Coal and Iron.
New York Closing Stocks
Atchison ........ 1879 r. Island .. 1O93sl
do pref ....... 81 St. /. & S. F.. s3s