The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-04-07

railroad and Banking Company col
lateral IS, 81 bid. SO asked Central Of
Georgia Railroad first mortgage 5s. 60
year gold bonds, l16 bid, III asked; Central
OF Georgia Railway first consolidated
mortgage 5s, 81 bid. 80 asked; Central Of
georgia Railway first preferred incomes,
y Did, 80 asked; Central of Georgia
railway second preferred incomes. 1884
bid, lS'a asked; Central of Georgia Railway
third preferred incomes, bid, 7 asked: .
Georgia Railroad 6s, 1910, ll3 bid. ia asked;
charlotte Columbia and Augsuta first 81,
lOo DID, lOl asked; Charlotte, Columbia and
Augusta second mortgage rs, 116 bid, 1l7Ia
asked; Georgia Southern and Florida new
5s 1908 bid, 1914 asked; South Georgia and
Florida first mortgage Is, 1925 bid, 10SIA
asked; South Georgia and Florida second
mortgage Is, l0S bid, 1O4 asked; Ocean
steamship per cent bonds, 1926, 10l bid,
lO6 asked; City and Suburban Railroad
hrst mortgage per cent bonds 100 bid 1903
asked; Alabama Midland per cent. In
dorsed, "a bid, IS asked; Brunswick and
Western As as bid, 77H asked; South
Bound Railway 5s, 20 bid. rs asked: Gcor-
gta and Alabama first preferred SIS. 102 bid,
IOS asked; Georgia and Alabama cons, IS.
~ bid, 80 asked; Eatonton Branch, So bid
SF4 asked; Central of Georgia, Middle
Georgia and Atlantic division 5s, rs bid,
rs asked.
Railroad Stocks--Augusta and Savan-
nan, 81 bid, 92is asked; Georgia common,
40 bid. 1870 asked; Southwestern, 90 bid,
sly asked, Atlanta ana West Point stock.
1913 bid, 1913 asked; Atlanta and West
Point. 6 per cent. certificates. 1903 bid 1Oi
asked Savannah Construction Company,
Ga bid, 66 asked
Gas Stocks-Savannah Gas Light stock.
2O3s bid % asked; Electric Light and Pow
err Company, 74i5 bid, 755a asked
Bank Stocks, Etc.-Citizens Bank, 100
bid, 10 asked; Chatham Bank. IS bid. 40
asked; Germania Bank. 100 bid 10 asked;
National Bank of Savannah, 195 bid 1876
asked; Merchants National Bank, "a bid,
90 asked; Oglethorpe Savings and Trust
Company l05 bid. 1906 asked: Southern
BANK of the State of Georgia, bid, 1888
asked; Savannah Bank and Trust Compa-
ny, lO11a bid, l02ls asked; Chatham Real
Estate and Improvement Company. A.
50 bid Sc asked; b, 54la bid, So asked:
Peoples Savings and Loan Company. 95
bid, 81 asked.
FACTORY Bonds-Augusta Factory, 1O1
bid, lO2 asked Eagle and Phoenix Man
ufacturlng Company, per cent. bonds 20
bid, 40 asked; Sibley Manufacturing Com
pany, 6s, 100 bid, lO2 asked
FACTORY Stocks--Augusta Factory, 6s
pid' % asked; Graniteville Factory. las
Dld' lal asked; Langley Factory. 1Ol bid.
doi ASKED Enterprise Factory, common,
" BID, & asked; j. r. King Manufactur-
ing Company l04 bid 1O5 asked. sihIev
Manufacturing Company, 10 bid, 76 asked;
asked. -
New York, April G.--Money on call was
hrm at 2la@9 per cent; the last loan was
az per cent. Prime mercantile paper.
oH6 per cent Sterling exchange firner
WIN actual business in bankers' bills N
$4.oo14W4s312 for demand, and at 81. SOL an
4'eOl2 Tor sixty days Posted rates. 81. Sith
ana $4'e492' Commercial bills $479a4. Sill
yer certificates. 5c457c. Bar silver 5ec
Mexican dollars, 45hc. Governmen,
oonds were heavy; state bonds were dun.
railroads bonds were firm
New York, April 6-The Evening Post,s
London financial cablegram says: "The
STOCK markets here were waiting for Pres
ideht McKinley's message to-day. The
tone was dun and feVerish Americans
opened fairly steady and then gave way on
sharp fall in Spanish Is. The latter sub
sequently rallied on Paris buying. accom-
panied by reports that the Emperor OF
austria was endeavoring to induce spain
10 come TO terms. Americans recovered
with Spanish As but i'm the street All the
sols on rumors that Els 600 in gold had
been ordered for New York from the Rank
OF England tomorrow. New York sent
selllng orders for Americans the first thing
to-day, but at the same time gave a lot
OF option money for put and call later.
New York also took stock on balance.
Gold to the amount of f1S5.OO0 was with
drawn from the Bank OF England to-day
for New York, of which 100000 was in
soVerelgns. II Is believed that this indi-
Gates an expectancy OF their probable re-
turn here soon. The banks selling price
of eagles is 76s. 3d., but the buying price
is probably Sd less. Hence to bring them
back means considerable loss. No with
drawal Of Saturdays holiday has yet been
announced. 1t Is believed that nothing
but a war declaration will stop it. The
prevalent rate for money here to-day is
rs per cent, contracts being made subject.
however, to a possible rise in the Bank of
England's rate tomorrow.
New York, April 6.-There IL a strong
conviction in Wall street that delay in the
sending Of the Presidents message IS fay
orablc 70 the avoidance of war. This was
clearly manifest In the response of the
market to the early rumor from abroad
that the Presidents message would not
go in to-day and to the later authorized an
nouncement from Washington that 1t
would be withheld until Monday The dis
position Of the message was the central
point about which the whole market turned
all day.
The assertions OF the newspapers this
morning that IL would without question,
go in to-day and that it would declare for
forcible Intervention caused a decline al
the opening. opening prices In almost all
cases being the lowest of the day. Tho
resistance to the decline and the quick re-
covery were a surprise 20 outside observers
who were prepared for something like a
war panic on the Exchange. The recov-
cry was due to cabled reports OF a rumor
in London that the message would not
come in until next Tuesday This rumor
was quickly discredited by statements from
Washington, and the market drifted to a
lower plane again, but not to the lowest.
The stagnafon of the trading during this
period Of waiting was almost absolute and
the sudden outbreak OF activity when the
later authentic reports came from Wash
ington that the message would be delayed
until Monday was In strong contrast IL
was evident that the conclusion was leap
ed to that the Withholding of the message
was due to a reception Of further propos-
nls from Spain or to movements for media
ton by European powers giving promise
that the two countries might emerge
peacefully from their enlargement. The
violent advance was checked and reaction
set in when 1t was stated that the delay