The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-12-28

Central of Georgia, Middle Georgia and
Atlantic division 5s, So bid. 81 asked.
Railroad Stocks-Augusta and Savan-
nah 1ol bid, los asked: Southwestern. los
bid, l06 asked, eX-div; Atlanta and West
Point stock. ITO bid. ll2 asked; Atlanta and
West Point per cent. certificates, 10l
bid, 1902 asked, ex-int; Georgia common,
1877 bid, 200 asked.
Gas Stocks-Savannah Gas Light stock,
24l2 bid, IS asked Electric Light and
Power Company, 10 bid. - asked, ex-div.
Bank Stocks. Etc.-Ctizens Bank, los
bid. 100 asked; eX-div. Chatham Bank, A
bid. IS asked. ex-div Germania Sank
National Bank of Savannah 126
/ bid, 127 asked; Merchants National Bank
! S3l9 bid, SAG asked; Oglethorpe Savings and
| Trust Company, 102 bid, 10S asked; eX-div.
| Southern Bank of the State of Georgia, 1870
| bid. 1871 asked: Savannah Bank and Trust
Company, 1903 bid, 104 asked; eX-div. Chat
ham Real Estate and Improvement Com
pany. A, 5512 bid, Sc asked; B. 50 bid, 55'2
asked; Peoples Savings and Loan Com
pany, 80 bid, 81 asked.
! Factory Bouds-Augusta Factory, 100
! bid, 100 asked; Sibley Manufacturing Com
pany Is. 100 bid, 102 asked; Eagle and Phe-
| nix Mills per cent bonds due 1923, l0ll2
| 1913 asked.
| Factory Stocks-Augusta Factory, 50
! bid, 60 asked; Granitevi,le Factory, l4O b'd,
1i5 asked; Langley Factory. 100 bid, lOl
/ asked; Enterprise Factory common, ~
bid, "a asked; j. r. King Manufacturing
/ COMPANY. 100 bid lOl asked; S.bley Manu-
featuring Company 20 bid, rs asked Sa-
vannah Brewing Company, 101 bid, l0S
/ asked.
New York. Dee 27.-Money on call was
steady at 2L02la per cent; the last loan
was made at 2la per cent; prime mercan-
tile paper $685. per cent Sterling eN-
| change dun and easier, with actual Dusi-
ness in bankers bills. at $4S44@4S412 Tor
demand and at 81 Sl$i d4.S2 fer sixty days;
posted rates, $4S2ls and $4.S512; CONNER
| cial bills, $4SI. Silver certificates, 5912a
Coo; bar silver, 59Hc Mexican dollars,
4G5sc Government bonds flrmer; state
bonds strong; railroad bonds strong.
New York, Dec. 27.-S ocks We're strong
and higher to-day with business well dis
trbuted. The improvement in railroad
quotations was from / 10 points, gem
orally, and even greater in the spec-alties.
! Shifting Of speculative account and profit
taking were at times responsible for fluct
uations downward, but the tone through
| out was confident.
Among the many reasons to account for
this were favorable traffic statements for
the third week in December, especially 81.
Paul, where, t+us gross increase was over
| S15C00 Saturdays good bank statement
and continued ease in the money mar
ket. Moreover. the advance in Ameri-
cans in London had a stimulating effect,
although later there was moderate selling
| from that quarter in advance here.
There was a continuation of the ten
dency to discount January dividend dis
| bursements. a larger proportion of which
| will remain in this country than hitherto
| because of the absorption OF large blocks
of internationals formerly owned abroad
The Changers were more largely traded
in than of late at advancing prices, Rock
Island making an extreme advance of )
points, St. Paul 15s, Burlington IA and
! The others a point each
Orders 70 buy accumulated over the hol-
! days caused wide opening in American
stocks. American Steel and Wire stocks
rose about s points each, and retained the
! greater part of the advance. Federal
Steel also, both common and preferred,
| was up over points, and eased off some
what PEOPLES Gas and Brooklyn Tran
sit were very strong, the latter on the
theory that there would be an announce
meut in January of the consolation OF
| competing lines. Sugar refining was an
exception to the general strength, be
| cause of the reported complications in the
trade due 10 sales direct to the retailers
| by INDEPENDENT companies ana reductloh
/
The stock lost about points at the
opening. rallied slightly, and closed htue
above the lowest. Several of the minor
snecialties displayed strength, especially
Leather preferred and Lead. Other stocks
whose advances attracted attention We're
Norfolk and Western, Pittsburg, Cincin-
natl. Cleveland, Chicago and St Louis,
the Pacdcs Metropolitan Street Railway,
and Bay State Gas. The closing was
rot
ing transactions having reached nearly a
million and establishing me largest tolai
for The year.
The bond market tended strongly up
ward. the inquiry embracing a marked
variety of issues with substantial i'm
provements Total sa.es were $5150000.
United States 3s advanced "a and the Is
x in the bid price.
Total sales of stocks were 951 300 shares.
Including 1850 Atch.son, AZ, 45) Atchison
preferred; Il, 22O Chicago Burlington and
Quincy; 10. $50 Denver and Rio Grande pre-
ferred. TO- 100 Louisville and Nashville
G sea METROPOLITAN Street Railway; 1850
Minnesota and ST. Paul; 1910 Missouri
Pacific; 400 Missouri Kansas and Texas;
1920 Northern Pacific; 17020 Northern Pa
c:fc preferred; 5000 Rock Island $1,000 St.
Paul; 16 700 Texas Pacific 25,O20 Union
Pacific preferred: 1885 International Pa
per: 5000 Bay State Gas; 5000 Federal
Steel: 2702O Federal Steel preferred; 25020
Peoples Gas; 9727 Lead; 12720 Pacific
Mail: %. $40 Sugar; 1890 United States
Leather; 5000 United States Leather pre-
ferred; $40 United States Rubber.
New York Closing Stocks.
Atchison mann. 1884 Rock Island ...114A
do pref ........ 512i St. L. & S F. q. SIS
Bait & Ohio . 69l2 do do pref ... 669
can. Pac. ..... IS do do ID pref 81