The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-05-11
PAGES 9 TO 10.


asked; South Georgia and Florida second
mortgage rs, 1903 bid. 104 asked: Ocean
Steamship per cent bonds, 1926 1021z bid
100 asked; City and Suburban Railroad
first mortgage per cent. bonds, 100 bid. 1903
asked; Alabama Midland per cent In
dorsed. 81 bid So asked; Brunswick and
Western Is, y bid. rs asked; South
/ Bound Railway 5s. 20 bid, rs asked Geor-
gia and Alabama first preferred IS, 102 bid,
1903 asked; Georgia and Alabama cons IS,
IS bid, 50 asked; Eatonton Branch, 50 bid,
STA asked; Central of Georgia, Middle
Georgia and Atlantic division IS. 76 bid, 70
asked
Railroad Stocks-Augusta and Savan-
nah 90 bid. 80 asked; Southwestern %
bid, 90 asked; Atlanta and West Point
stock. 10i bid, 10ih asked: Atlanta and
West Point per cent. certificates. 1903 bid.
l04 asked; Georgia common 175 bid, $50
asked; Savannah Construction Company,
65 bid, 60 asked.
Gas Stocl0s-Savannah Gas Light stock
20ia bid, 2ll5 asked; Electric Light and
Power Company, 72iA bid. 74ls asked.
Bank Stocks Etc.-Citizens Bank, 100
bid, 40 asked; Chatham Bank, 46 bid, Az
asked; Germania Bank, 100 bid, 10 asked;
National Bank of Savannah, 125 bid. 1876
asked; Merchants' National Bank 50 bid
Sia asked; Oglethorpe Savings and Trust
Company, los bid, JOG asked; Southern
Bank of the State of Georgia. 100 bid, 135
AhktNs EhNhAllhn anu Trust GOHlDd-
n.y. 1914 Bid 1924 asked; Chatham Real
Estate and Improvement Company, A, 81
bid 55h asked; b. 53h bid, 54h asked; Peo-
pies Savings and Loan Company, "a bid
951h asked.
Factory Bonds-Augusta Factory, 101
bid 102 asked; Eagle and Phoenix Manu-
featuring Company, per cent. bonds 80
bid 40 asked; Sibley Manufacturing Com
pany 6s. 100 bid, 102 asked.
Factory Stocks-Augusta Factory, So
bid 1T asked; Graniteville Factory, 145
bid ISL asked; Langley Factory 1O1 bid
10l asked; Enterprise Factory, common.
90 bid 96 asked; J. II. King Manufacture
ing Company, 10i bid. 1O5 asked; Sbley
Manufacturing Company 70 bid, 76 asked:
Savannah Brewing Company, 90 bid. 90
asked
New York, May 1O.--Money on call was
at 25a@3 per cent; the last loan was at
3 per cent. Prime mercantile paper, 81
ms per cent Sterling exchange easy with
actual business in bankers bills at $4.S415
04s4sl for demand and at A.slAd4S1A for
sixty days. Posted rates. 81. 81, and $4.S5la.
Commercial bills, $.80ik@4sl silver GER
tincates. 566D56A. Bar silver 5slhc Mex
dean dollars, 45c. Government bonds were
steady State bonds were dull. Railroad
bonds were heavy.
New York, May 10-The Evening Posts
London financial cablegram says: THE
stock markets here were quiet but good
to-day. The settlement showed a small
account but money rates were main
tanned. Contangoes on Americans were 4
to 5 per cent except on Milwaukee and
St Paul, which was scarce for delivery,
large blocks of il having been recently
shipped to New York. The tone Of the
market was generally good, notably for
Americans, although there was some hest
tation In dealing in the latter because II IS
believed that big battle is impending.
The Inquiry for gold has momentarly
ceased, the Bank of England being the
only buyer. Spain is said to be buying
silver Spanish As were better here to-
day, "quarrying" rate charged to stock
exchange holders being only X to / per
cent. There is a marked improvement in
Spanish exchange, making the gold pre-
MUM under 100. The nominal reason as
signed is that the Spanish government has
completed remittances on London for war
materials, etc. but exchange Is so spccu-
lated In that the explanation must be dis
trusted The report that the Spanish July
coupon has been provided for Is probably
correct / am tod, from q good source.
that the Banque de Paris advanced the
money on bank bills al per cent and a
commission"
New York, May 10.-The stock market
was largely Influenced again to-day by
the wheat market. the movements In
which unsettled the tone in all specuIa-
tive markets. To-day the wiping out of
paper profits and the tumbllng OF prices
In wheat resulting In the uncovering OF
margins induced liquidation IN the STOCK
market
The stock market during the early part
of the day absorbed a very large line
of offerings to liquidate profits and the
selling for London account was also heavy
again, total sales for that account being
estimated at over 250OO shares.
The general demand for stocks through
commission houses was sufficient to take
up these offerings at well sustained level
OF prices Inere was evidence also OF tne
operation OF pun pools mere ana the hs'.
no'aoiy low IN some .oi me ioW-priceo
STOCKS, WLiien are usuahy most hactiVe
anu ~, liIi'poVaoie,
Ihere were lracuohai recoVerles peiore
sne eiose. MliG 4. We urn - ny losses oh
over point IN some cases
Iiine ioalis WEI olle1eu uo,aay q. per
cent. UP 70 TOUT honths' ana prime mer-
cantle paper was aiso quoted al 20
per cent
mere was never ihSieSss uecitne IN