The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-09

Railway 5s 70 bid, 81 asked; Georgia and
Alabama first preferred 5s lG3 bid 104 ask
ed; Georgia and Alabama cons. IS, 90 bid
81 asked; Eatonton branch. 80 bid 91asked;
Central Of Georgia. Middle Georgia and
Atlantic division IS, SllR bid, S2R asked
Railroad Stocks - Augusta and Savan-
nah 50 bid 991s asked Southwestern. 80
bid, 100 asked; Atlanta and West Point
stock, los bid. 10 asked; Atlanta and West
Point per cent. certificates, 1882 bid, 1041s
asked; Georgia common, 1893 bid, 1877 asked.
Gas Stocks-Savannah Gas Light stock
% bid, % asked; Electric Light and Pow
er Company. "a bid. rs asked.
Bank Stocks, EIc.-Citizens Bank 10Y
bid 11O%4 asked Chatham Bank. IS bid
4Sls asked; Germania Bank, 110k bid. 111ls
asked; National Bank of Savannah, 125
bid, 126 asked Merchants National Bank
81 bid, Sc asked; Oglethorpe Savings
and Trust Company l05 bid. 1O7 asked;
Southern Bank of the State of Georgia
100 bid. 1872 asked; Savannah Bank and
Trust Company. 1929 bid 1882 asked;
Chatham Real Estate and Improvement
Company, A, 6515 bid, Sc asked; B. IS bid,
55ls asked; Peoples Savings and Loan
Company, SO bid, "a asked.
Factory Bonds - Augusta Factory 1O5
bid, LOG asked; Sibley Manufacturing Com
pany, IS, 100 bid, 1902 asked.
Factory Stocks-Augusta Factory IS
bid Sc asked; Graniteville Factory, 14O bid,
l4S asked; Langley Factory, 100 bid, 101
asked; Enterprise Factory, common, 80
bid, 81 asked ]. r. King Manufacturing
Company, 100 bio, 101 asked; Sibley Manu-
featuring Company, 70 bid. 76 asked; Sa-
vannah Brewing Company. 1O1 bid. 103
asked
New York. Oct. S.-Money on call was
nomAnally at 212Q3 per cent Prime mer-
c4Atlle paper, 312GG4 per cent. Sterling eX-
change steady, with actual business in
bankers bills at S4.S4Q4S414 for demand,
and 90
rates, S4.S21Rq4S5. Commercial bills $3.50
q4.O12. Silver certificates, 60d6114c Bar
silver, 6OS4c. Mexican dollars, 47c. State
bonds were steady; railroad bonds were
firm; government bonds were strong.
New York, Oct S.-The weekly bank
statement shows the following changes:
Surplus reserve, increase, SIS, 416, 450; loans,
increase, $S07 300; specie, increase, IS, $685.
200; legal tenders, decrease, 1886, 100; depos-
its, increase, $S,67S,GOO; circulation, de-
crease, $35, 200.
The banks now hold SIS, 74S, 800 in excess
Of the requirements of the % per cent.
rule
New York, Oct s.-The stock market
to-day continued in the hands of the pro-
fessional trading element. Transactions
were of small volume and not widely dis
trbuted Such as they were, they re-
hected a decidedly unsettled and hesitat-
ing frame OF mind On the part of the
traders.
The opening tendency was downward,
affected by a break of a point in Brooklyn
Transit and continued pressure on North,
orn Pacific. The foreign markets were
unsettled by the political outlook in
France, tight money in Berlin and The
public agitation in Spain for payment of
interest on government bonds in pesetas,
instead of francs This had some infiu-
| ence on the opening here, although Amer
leans had been supported in London on
orders from New York
Strength in Tobacco, which rose 21s per
| cent. supplemented by support In Brook
! lyn Transit, Peoples Gas and Manhattan
and covering of shorts in Sugar, checked
the decline. There was a rally also in
| Northern Pacific, which drove the shorts
| 10 cover and which was accompanied by
a rumor that conflicting views OF he in
! terests dominant In the party had been
adjusted.
! The professional traders then took the
! long side of the market for a turn, and
! there was a general covering of shorts
| The appearance of the bank statement
added to the bullish feeling, as 1t was
! fully as favorable as had been expected
| Although the reserve requirements had
been raised by 81 1863, $50 by reason of the
| larger deposits, the increase Of IS, $50 100
! In cash left the surplus reserve SO, 46450
| higher. The expansion of loans, though
! less than 81, 100000, indicates the turn in
| the t1de OF the money market, and is the
first increase in that item since Sept. q
The loan contraction from that date up
! to last Saturdays return was $685. 100
! Even for last week 1t will be remembered
| the gain in cash reserve was only accom-
plished by a loan and contraction of &c.
! $50, 800
This week the strengthening of the re-
serves mas not prevented an extension Of
credits to the extent Of $S07.800. 1t is not
| improbable that the nearly developed in
vestment in long sterling exchange for the
purpose of lending credits abroad figures
| in this item.
The bond market has shown improve
ment during the week, especially among
| the speculative bonds, Wisconsin Central
| lists advancing an extreme points.
United States old As, registered, have adj
vanced q, the Is, II; the As, coupon, 1s
per cent in the bid prices
The total sales of stocks were 1851
| shares, including Northern Pacific, $685.
American Tobacco, 10. 1855; Sugar, 26445.