The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-04-01

TrSt mortgage per cent. god bonds, cue
1924, los bid, l09 asked. Central
Railroad and Banking Company co..
lateral IS, 81 bad. 50 asked; Central Of
Georgia Railroad first mortgage ., 80
year gold bonds. ll6 bid. III asked; Central
of Georgia Railway first consolidated
mortgage IS. s. bid. SO asked; Central Of
Georgia Railway first preferred incomes.
81 bid, 80 asked; Central OF Georgia
Railway second preferred incomes, 10
bid. IA asked; Central of Georgia Railway
third preferred incomes, bid. asked;
Georgia Railroad Is 1910, 1l3 bid, ia asked;
Charlotte, Columbia and Augusta first IS
JOG bid. 107 asked; Charlotte. Columbia and
Augusta second mortgage Is, lie bid. ll7iR
asked; GeOrgia Southern and Florida new
IS, l001s bid. 1919 asked; South Georgia and
Florida first mortgage Is. 102la bid. 1882
asked; South Georgia and Florida second
mortgage IS, l0S bid l04 asked Ocean
Steamship per cent. bonds. 1926, 104 bid,
Jos asked: City and Suburban Railroad
first mortgage 6 per cent. bonds. 100 bid 103
asked; Alabama Midland per cent. in
dorsed, 81 bid. IS asked Brunswick and
Western IS, 20 BID, 77ls asked: South
Bound Railway IS, 20 bid, 70 asked; Geor-
gia and Alabama first preferred 5s. l02 bid
les asked; Georgia and Alabama cons, IS,
81 bid, 50 asked; Eatonton Branch, s. bid,
S1l4 asked; Central of Georgia, Middle
Georgia and Atlantic division 5s, IS bid,
79 asked.
Railroad stocks-Augusta and Savannah,
81 bid, 92k asked; Georgia common, 40
bid, $50 asked; Southwestern 80 bid. sl1a
asked; Atlanta and West Point stock
1cS bid. 1919 asked; Atlanta and West
Point per cent. certificates 1903 bid l0i
asked; Savannah Construction Company
621a bid S. asked.
Gas Stock-Savannah Gas Light stock
81 bid % asked; Electric Light and Power
Company, 74i2 bid 751a asked
Bank Stocks, Etc.-Citzens Bank, 1O9
bid 40 asked; Chatham Bank, As
bid 10 asked; Germana Bank, 100
bid 10 asked; National Bank of Savan-
nah l25 bid. l26 asked; Merchants National
Bank, 81 bid. 81 asked; Oglethorpe Saw
ings and Trust Company, 105 bid, JOG ask
ed Southern Bank of the State of
Georgia. bid, 1888 asked; Savannah
Bank and Trust Company 1Olh bid lO2I5
asked; Chatham Real Estate and Improve
nent Company, A, So bid, IS asked; b. 54la
bid, IS asked; Peoples Savings and Loan
Company. 80 bid, 81 asked.
Factory Bonds-Augusta Factory, l0l
bid lO2 asked; Eagle and Phoenix Manu-
featuring Company, per cent. bonds 80
bid, 30 asked; Sibley Manufacturing Com
pany, 6s. 100 bid l02 asked.
Factory Stocks-Augusta Factory 6s bid.
20 asked; Granseville Factory, 145 bid 15l
asked; Langley Factory, l0l bid, 1O4 ask
ed; Enterprise Factory, common, SO bid
Sc asked; J. r. King Manufacturing Com
pany, 10i bid, 105 asked; Sibey Manufac-
turing Company, 20 bid, rs asked; Sa-
vannah Brewing Company, 80 bid, 90 ask
ed.
New York, March 31-Money on call was
firm. at 2l1q3 per cent, the last loan
was al per cent. Prime mercantile pa
per. 5d6i5. Sterling exchange firmer, with
actual business in bankers bills at "a. S3%
I4.s4 for demand, and at "a .S0AG4.Sl Tor
sixty days; posted rates. &.Sliz04.S2, and
81 .S4iaa4 IS; commercial bills, "a. SOAQl4. 81.
Silver certificates, 554G5619c. Bar silver
55I5c. Mexican dollars, 45c. Government
bonds are strong. State bonds were dun.
Railroad bonds were weak.
New York, March 31.-The Evening
Posts London financial cablegram says:
THE stock market here was unsettled to-
day, prices see-sawing within wide limits
A feature was the sharp decline in Span
ish As from 81 to SIN, due entirely to the
large block of stock hanging over the
market for immediate liquidation. They
improved later, and closed at 52Jsc Amer
leans were good, and closed strong, but
there Is disposition to check all dealings
pending political developments. 1t is be-
lieved that unsettled politics will prohibit
the closing of the Stock Exchange as usual
on Easter Saturday. More gold will prob
ably leave the Bank of England tomorrow
for New York
The slight easing. off in to-dav's money
market was due to the fact that no change
was made in to-day's bank rate. The mar
ket probably owes the bank now about
f4'OOotOO on short loans and e., 500 100 on bills
discounted"
New York, March 3l.-There were rather
mysterious undercurrents all day in the
stock market which nothing in the public
xrsfI 70 .l,s..
gossip in Wall street found numerous and
contradictory explanations.
The opening prices here proved to be the
lowest for the time being and there was
an eager demand Immediately manifest for
stocks all through the, list. This demand
continued with only short periods of cessa-
ton throughout the morning session, and
rallied prices almost or quite to last nights
closing level.
The strength in the New York market
found response in a rally on the foreign
exchange, in the prices of American Sc
curities and also of Spanish securities,
which were depressed early in the day on
pessimistc reports from Madrid. The lat
ter portion of the day saw persistent de-
cline in prices. in New York with only
occasional periods of steadiness, most
stocks falling below the opening prices,
and closing at or near the lowest.
The appropriation by the New York Leg
islature of $1,000O0O emergency fund for
defense was the nominal motive of the
later decline. Although nearly the whole
of the days business was done with prices
below last nights level and although tho
net changes are all on the side of losses
extending between / and points for most
stocks, and over that in special cases, it
was very obvious that large and rather
eager demand for stocks was satisfied dur
ing the day, and it was the prevailing i'm
preston in the street that the opening de-
cline was manipulated to give opportunity
TO satisfy this demand
The money market reflected the uncer-
tainty in the outlook more accurately than
did the stock market. Leaders are holding
out for stiff rates for time money, and
borrowers are not disposed to pay the
rates asked.
The general neglect of the time money
market and the resort of borrowers TO
call loans, resulted in stiffening cali rates
to-day. The exchange market was duh
and neglected, the further Importation of
gold being largely dependent on the out
come of the controversy between the Unit
ted States and Spain.
The bond markeB was less active than