The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-12-22

GSINTW
6 per cent. interest coupons, llS bid. l19
asked; Savannah, Florida and Western
first mortgage per cent. gold bonds, due
1924 10 bid, Ill asked; Central Railroad
and Banking Company, collaterals IS, 81
bid, SO asked; Central of Georgia Railroad
first mortgage IS. 50-year gold bonds, IFS
bid, 1l9 asked; Central Of Georgia Railway
first consolidated mortgage 5s, 1924 bid, 9Sli
asked; Central of Georgia Railway first
preferred incomes, 4Oia bid 41is asked;
Central of Georgia Railway second pre-
ferred incomes, 1879 bid 14Is asked; Central
of Georgia Railway third preferred in
comes, bid, Z asked; Georgia Railroad
6s, 1910, lis bid. III asked; Charlotte, Co
| lumba and Augusta first, IS, 106 bid, 107
asked; Charlotte. Columbia and Augusta
| second mortgage Is. III bid, rs asked;
Georgia Southern and Florida new IS, ITO
bid, Ill asked; South Georgia and Florida
| hrst mortgage Is, 100 bid, 101 asked; South
| Georgia and Florida second mortgage Is,
100 bid. 1Ol asked; Ocean Steamship per
cent. bonds, 1926, 105 bid. 106 asked; City
and Suburban Railroad first mortgage Z
per cent. bonds, 100 bid, 1O2 asked; Ala
| oama Midland per cent, Endorsed, 80 bid,
"a asked; Brunswick and Western As, 80
| bid, 81 asked South Bound Railway 5s
s. bid. 80 asked; Georgia and Alabama
first preferred 5s. loo bid, 1O7la asked; Geor
| gia and Alabama cons. 5s, 101 bid 102
asked; Eatonton branch. "a bid 80 asked;
Central of Georgia, Middle Georgia and
Atlantic division IS. 96 bid, 81 asked.
Railroad Stocks-Augusta and Savau-
nah, l05 bid, LOG asked; Southwestern. 10i
| bid, 1912 asked, ex-div; Atlanta and West
Point stock, 40 bid 112 asked; Atlanta and
| West Point per cent. certificates, 1Ol
| bid. 1O2 asked, eX-int.; Georgia common
| 1877 bid, 200 asked
Gas Stocks--Savannah Gas Light stock
2412 bid, % asked; Electric Light and
Power Company u bid, 70 asked; ex div.
Bank Stocks, Etc.-Citizens Bank, 1OS
! bid, 109 asked; ex-diV. Chatham Bank, 47&4
| bid 4S12 asked; Germania Bank 1101a bid
| lll1a asked; National Bank of Savannah, 126
bid, 127 asked. Merchants National Bank
| S31a bdS412 asked Oglethorpe Savings and
| Trust Company, 102 bid, 103 asked; ex-div.
| Southern Bank of the State of Georgia. 1870
| bid, 13l asked; Savannah Bank and Trust
| Company, 1903 bid. 104 asked; ex-div. Chat
ham Real Estate and Improvement Com
pany, A. 551z bid Sc asked B, 50 bid 55k
asked; Peoples Savings and Loan Com
pany. 921k bid, SO asked
Factory Bonds-Augusta Factory 105
bid, 106 asked; Sibey Manufacturing Com
pany 6s, 100 bid, 1O2 asked; Eagle and Phe-
nix Mills per cent. bonds, due 1928, 1917
pany s215 bid, 1914 asked
! Factory Stocks-Augusta Factory, S.
| \ y,
| 145 asked; Langley Factory, 100 bid, 101
asked Enterprise Factory, common. 80
| bid, "a asked; ]. r. King Manufacturing
| Company 100 bid, 101 asked; Sibley Manu-
featuring Company, 70 bid. 76 asked; Sa-
vannah Brewing Company, 101 bid. 1903
asked.
New York, Dec H-Money on CALI was
steady at 2G2k per cent; the last loan
was at per cent. Prime mercantile pa
per, 9Q3la per cent. Sterling exchange
easier, with actual business in bankers
bills at 81. S41ad4. S494 for demand and at
A.S1&Q4.S2 for sixty days; posted rates.
| $4.S21a and $4.S51a. Commercial bills, $500
4.S012 Silver certificates. 591kd6O12c; bar
| silver, 5914c; Mexican dollars, 465sc. Gov
eminent bonds irmer; state bonds inact-
| i've; railroad bonds irregular.
New York. Dec. 21.-The market was
strong most of the day. particularly in
the late trading. Fractional gains were
general in the railways, while the advan-
tage in a number of specialties reached
considerable proportions.
A curious exception to the general ad-
vance was noticed in stocks where divi-
| dends have just been declared namely
! New York Central, Southern preferred
! and Atchison preferred. In some quarters
/ large dividends had been expected, and in
| the case of Southern preferred and Atchi-
son preferred, statement had been look
! ed forward so that they could be put on
| a regular dividend basis instead of dis
| bursements from time to time as the
| earnings warranted. A considerable in
| crease in its quarterly surplus was re-
| sponsible for New York CentraTs rise
| from the extreme low point The efforts
| of London traders to cover snort lines in
| Americans gave tone to the local markets
early. This was particularly the case in
| Baltimore and Ohio, which advanced very
buoyantly locally. There were large pur-
chases also for foreign account of ST.
I Paul. Most stocks unaffected by special
! developments or foreign quotations were
| freely offered by the traders, but this
caused little more than a period of hest
fancy and a shading in railway quota
| tions.
Rumors that the Chicago and Alton had
| been secured in the interest of Union Pa
| ciic and Baltimore and Ohio resulted in
| the sharp rise in all the securities mem
| toned. Federal Steel stocks were bought
| confidently by the same parties who have
recently been large purchasers. At the
same time they emphatically denied ru-
| mors that Federal Steel was about to
absorb another large concern.
| The Southwestern railroads were very
prominent In to-day's activity and
strength, notably Texas Pacific.
! The bond market showed irregularity in
| spots, pfOut-tdklilS DeluS EVIDENT III Atcn-
| ison adjustments. Heavy purchases of
| Texas Pacific seconds were made later In
| the day which carried them above 49. The
| general market, Notwithstanding the hes
| itancy of some issues displayed a very
heathful undertone. Total sales were
| IS, O4O,O 600. United States old As, registered,
| advanced "a in the bid price.
The total sales of stocks were S45, 800
| shares, including o. 625 Atchison; rs, 200 do
/ preferred; 6,66S Baltimore and Ohio; $3.50
| Chicago Burlington and Quincy; 1854
Lake Erie and Western; S,51S do preferred;
| 1920 Louisville and Nashville, $500 Man
| haitian; 5 220 Minnesota and St. Louis; 100
| Missouri Pacific; 7,44O Missouri, Kansas
! and Texas preferred; 5,120 New York Cen
| trail; $3.50 Northern Pacific; 10,620 Rock
Island; Al, go Union Pacific; 1890 st. Paul;
| 16. $50 Southern Pacific; 6.17O Southern Rail
way; Is, 200 do preferred; 1870 Texas and
| Pacific; 80, 800 Union Pacific preferred; 49,
$40 international Paper; 11.080 American
| Tobacco; 5000 Federal Steel 1880 do
preferred; $3.50 Peoples Gas; II ,450 Consol-