The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-12-11


and Atlantic division IS, 90 bid, "a asked.
Railroad Stocks-Augusta and Savan-
nah, 1929 bid, 10Sls asked; Southwestern,
10S bid, 104 asked; Atlanta and West
Point stock, 10 bid, 112 asked: Atlanta and
West Point per cent. certificates. 1O4
bid l05 asked; Georgia common, 1875 bid,
/ 1873 asked.
Gas Stocks-Savannah Gas Light stock.
2S% bid, 24l4 asked; Electric Light and
! Power Company, 65 bid, Il asked
Bank Stocks Etc.-Citizens Bank. 1l0A
bid, Ill asked: Chatham Bank, AZ bid.
4S asked; Germania Bank, 1lO1a bid 1llls
asked; National Bank of Savannah, 126
oid' IL asked; Merchants National Bank,
S512 bid, S41a asked; Oglethorpe Savings and
Trust Company, 102 bid. 1CS asked, ex-div;
Southern Bank of the State of Georgia. 1870
! Did, Isl asked; Savannah Bank and Trust
Company 1857 bid 1852 asked; Chatham
| Real Estate and Improvement Company,
| A, 5512 bid. Sc asked; B, So bid, 55ls asked;
Feople's Savings and Loan Company, 90
bid, 81 asked.
Factory Bonds-Augusta Factory. los
old' lO6 asked; Sib,ey Manufacturing Com
pany Us, 100 bid, 102 asked Eage and Phe-
NIX Mills per cent. bonds, due 1928, 1919
bid, 1903 asked
Factory Stocks-Augusta Factory, 55
| BID, 90 asked; Graniteville Factory 148 bid
l4o asked; Langley Factory, 100 bid. 10l
asked; Enterprise Factory. common 80
Did, "a asked; ]. r. King Manufacturing
| Company, 100 bid 101 asked; Sibley Manu-
featuring Company, 20 bid. rs asked; Sa-
Vannah Brewing Company, 1O1 bid, 10S
! asked.
New York Dec. 10,-Money on call was
| steady at 2l5 per cent; prime mercantile,
| 3l2Q4 per cent; sterling exchange, steady,
| with actual business in bankers bills at
S4.Al2a4.S4& for demand and at $4S1t5@
\ 4 fne 1pvr- i aoF x-s f-rf
| Commercial bills, $S024. Silver certifi-
| Gates 5912q6O1ac. Bar silver, 59lsc Mexi-
can dollars 4612c. State bonds We're in
| active; railroad bonds We're strong; gov
eminent bonds were steady
New York, Dec. 10-The weekly bank
| statement shows the following changes:
! Surplus reserve, decrease, 1854, $50 loans,
increased $4,561, 900; specie, increased 81, co.,.
200; legal tender, decreased 81, 143, 800; de-
posts, increased $7,262, 2O0; circulation, de-
creased $4,000. The banks now hold $16,
| 800 in excess of the requirements of the
| Is per cent. rule.
| New York, Dec 10.-The market was
booming to-day and on enormous trans
! actions for the short session many high
| record prices were exceeded for the cur
rent upward movement London followed
Americas upward LEAD of yesterday and
| was buoyant on ST. Paurs excellent state
|
Large interests were again aggressive.
| Immense blocks OF stocks exchanged hands
| with abundant purchasing orders to care
for realizing sales. After a hesitaung
movement activity and strength became
general again, in which standard stocks
were well maintained
| All the Changers advanced from a slight
! fraction to over a point, the latter in St.
| Paul. Heavy purchasing orders We're plac-
| Cd nj ohf in 10
| at the opening. Prominent interest in the
! stock endeavored to open 1t up as high as
| possible and the ticker recorded sinus
| taneously sales of 4,5O0 shares from 4S
down to ~. Yesterdays closing price was
41%. The stock betrayed little feature af-
ter the first furry, but continued to be &c
lively traced in and closed well up to The
| top Among the Industrials, General
| Electric, Sugar, Tobacco, Rubber, Federal
/ Steel, Federal Steel preferred, and Edison
| Illuminating. were the features and gained
a point or more.
The rise in Edison Illuminating amount
1 ed to eight points, and three each in Gen
eral Electric and Rubber preferred. The
Atchison's too, were conspicuously strong
! The market closed at the last with a whirl
of bullish enthusiasm.
| For the week stocks almost without ex-
ception rose in some cases, the gains were
very large, establishing new high price
records in the present movement
! During the week, railways which failed
| for some time to respond to the upward
tendency, later joined fully with the gen
eral trend of prices. Early in the week
! telegraph and cable communications partly
interrupted by the storm somewhat re-
/ stricted business, the volume of which
| subsequently became enormous.
Traders saw fit to interpret the Presi-
| dents message as not being the bull ar
| gument they had discounted; but its bet
! ter reception abroad thwarted their efforts
at depressing prices. There was much in
the general situation having a favorable
bearing on market conditions. November
gross earnings were in excess Of four per
| cent over last year; exports, too, sur
passed the phenomenal record of last wear
and bank clearings were next to record
figures.
The bond market displayed unusual &C
| tvity during the week, with the concen-
! tration of the dealings in speculative and
middle grade issues, which have recently
! assumed prominence. Considerable streng h
was manifested throughout with the net
improvements material in many cases.
| United States old As, registered, advanced
| &C. the Is, registered and the old As cou-
pom, re; new As, 1sc in The bid price.
The total sales of stocks to-day aggre-
gated 402700 shares, including Atchson,
preferred, 1854; Chesapeake and Ohio,
| 12 40; Burlington, 1865; Louisville and
Nashville, II 80; Manhattan, 7,445; Metro
pontan, $3.50; Missouri Pacific, 27,705;
Northern Pacific 6736; Rock Island, 49,
| ass; St Paul, 81, 475; Southern Railway,
preferred, $3.50; Union Pacific, preferred,
| 9,310; Tobacco. 1920; Federal Steel pre-
ferred, 9O,725; Pacific Mail, SIP; General
Electric, 500; Western Union, 6,4l9.
New York Closing Stocks.
Atchison ...... l6z do do pref 80. 60
do pref ....... 45Bl r. Island ...-.n0A
B. & Ohio....... $50 st. L. & S. F.. 81
Can. Pacific 80. S3}aI do do pref 49,. 6S
Can South -. 5il4l do do End pref. 3294
Cent. Pacific -. 81 st. L. & S. w. Ga
| c. g. Ohio ...... 257s do do pref ..... 1872
| c. & Alton .....16712i st. Paul ......... 157s
| c., b. & Q......12llsl do do pref . 164lA
Chi. & E. H.. 50A St P. & o.. IS
do do pref LII do do pref . .164
1