The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-03-20

Jos asked; City and Suburban Railroad
nrst mortgage s per cent bonds. 100 bid, loS
asked; Alabama Midland 8 per cent In
dorsed, Sc bid, 80 asked; Brunswick and
Western As. rs bid, 77Is asked; South
Bound Railway IS. - bid, 70 asked; Geor-
gia and Alabama first preferred S. 102 bid
los asked; Georgia and Alabama cons. 5s
81 bid, " asked; Eatonton Branch, 50 bid,
SIS asked; Central of Georgia, Middle
, Georgia and Atlantic division 5s, 7712 bid,
| so asked
Railroad Stocks-Augusta and Savannah,
% bid. % asked; Georgia common, 175
bid, $50 asked; Southwestern, 91l2 bid, 92i4
asked; Atlanta and West Point stock,
lOS bid, 1914 asked; Atlanta and West
| Point per cent. certificates. 1OS bid, 10i
| asked; Savannah Construction Company,
| 81 bid, II asked.
Gas Stock-Savanuah Gas Light stock,
% bid 2S asked; Electric Light and Power
Company. "a bid, n asked
Bank Stocks, Etc.-Citizens Bank, 1es
bid, 10 asked; Chatham Bank, 4S
| bid. 40 asked; Germania Bank, 1o9
| bid, 10 asked; National Bank of Savan-
nah, 125 bid 126 asked; Merchants National
| Bank 81 bid 50 asked Oglethorpe Saw
| ings and Trust Company, los bid. JOG
asked; Southern Bank of the State of
Georgia, bid, 1873 asked: Savannah
Bank and Trust Company, 1919 bid, 1929
/
| provement Company A. So bid, Sc asked,
! b. 5415 bid, IS asked; Peoples Savings and
Loan Company, 80 bid. 81 asked, ex-div.
| Factory Bonds.-Augusta Factory, To-
| bid, 1O2 asked: Eagle and PheniX Manu-
| featuring Company. 8 per cent. bonds, IS
bid, 40 asked; sib!ey Manufacturing Com
| pany, 6s 100 bid, 1902 asked.
| Factory Stocks-Augusta Factory, g.
| bid, 70 asked; Granlteville Factory, 145 bid.
| ISL asked: Langley Factory, 101 bid, 104
! asked; Enterprise Factory, common %
| bid, 96 asked; ]. r. King Manufacturing
| Company, 104 bid 105 asked; Sibley Manu-
featuring Company 20 bid, 76 asked; Sa~
vannah Brewing Company, 80 bid, 50 asked.
New York, March 19.-Money on call
was nominal at per cent. Prime mer-
| camille paper, 3lA05h per cent. Sterling
| exchange was steady with actual business
| in bankers bills at $4.S3A for demand and
| at $4 SO1674SO4 for go days. Posted rates
we're $4S115G4S215 and S4.S4l@Q4.S512. Com
mercial bills, $4.S0A. Silver certificates,
555sq5614c. Bar silver 5514c. Mexican dol
| lars, 45c. State bonds were dull. Railroad
bonds were firm. Government bonds were
weak.
New York, March 19-The weekly bank
statement shows the following changes;
Surplus reserve, increase, $5,S3S, 625; loans,
| increase, $40, 55S, 100; specie, increase, $5,-
| 211, 800; legal tenders, decrease, 81, sos, 800;
deposits decrease, $73O4, 500; circulation,
increase, $50, 100. The banks now hold
SIS, $50, $50 in excess of the requirements of
the % per cent. rule.
New York, March 19.-The Evening
Posts London cablegram to-day says.
THE stock markets here were dull and
| lifeless. The Chinese loan was moderate
| ly well received. Americans were steady
! on the New York lead, but there will be
no initiative here pending the
publication of the report of the
naval inquiry on the Maine dis
aster On the arrival here of gold from
| Australia amounting to the full weighted
sovereigns are being shipped to New York.
The Bank of Spain's returns show an in
| crease at the credit of the treasury or
1,14O,0OO pesetas (S2,150,OO0.
New York March 19.-The action or lack
of action of to-day's stock market can
only be interpreted as the accurate re-
Election of the overshadowing uncertainty
of the Cuban question
Last Saturday the threatening aspect OF
the situation, coupled with the recollec-
ton of the developments of the preceding
Sunday in the suggestion for the recall
of Gen. Lee led to reckless short selling
by the traders, driving the market to
point even, lower than the Monday MAJ
ket succeeding the Lee incident.
The pnching administered to the reck-
made them extremely cautious about put
ting out short lines in to-day's market
The consequence was an aim ost lifelef IS
market, as no one is ready to take the 10 ne
side of the market at this time. Pr zee.
drifted aimlessly up and down over mar
row range Only a little over 100000 81 rare.
changed hands during the days shor
session.
The bond market was equally du Tht
crease in the surplus reserve. but the ne
Increase in specie by no means fully re
fected the receipts of imported gold dur
ing the week and the legal ten ders were
materially reduced. The lower ing of tn,
legal reserve level by $1,S26,1'iO through
the reduction in deposits ac counted fol
that much of the increased g urplus. TIL,
SIC, 585 100 contraction in loa ms Is cleai
enough evidence that the Ieavy receipts
of gold from abroad are insufficient L
maintain the balance of & ne money mar
ket, in spite of the distiu city easier ton,
of money in the last days, Of the week.
The Cuban problem ias -emained tn,
dominant factor in the stock market dur
ing the week. It's unc ertalnties and per
plexities are felt to 3 so great that NJ
one In the speculative world feels conpe
tent to form fixed opinion rs TO the out
come. The result is a small and marrow
market The heav! liquidation of specu
lative holdings OF rong stocks induced b,
the first stage of he threatening develop
ments has been about concluded, an,
probably no furtf ler heavy offerings woui,
be induced, exc spt by some development
threatening seri Gus consequences TO securl
ty values. TT lat there has been an ex
tensive restric ton of credits has been OBJ
vious from th developments in the none,
market Blu this restriction has appar
emily affect ID nothing yet beyond specula
tive enterp rises and particularly in trad
ers' secur tiles
The un' lerlying sentiment in Wall stree
is that a hostile attitude toward SpaiI
will ulV mately be forced upon the gov
erume1 by the deplorable condition il
Cuba, whatever may be the outcome o
the y .aine inquiry. For this reason trad
ers persist in selling the market short
on the other hand there is the underly
ing strength of the business situation, tn,
la .ge increase in bank clearings all owe
the country, rejecting awakened com
nercal activity. Railroad earnings shov
gains over previous years. Prices for ag
, ! ricuItural products are mostly high ant
the foreign demand for the most active
: | The current of gold flowing towards thi