The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-03-09

1SOl SD 1AttaiNdN inst IAOTtSdSt- as ou-
year gold bonds. 116 bid, III asked; Central
of Georgia Railway first consolidated
mortgage IS, S9ls bid, 81 asked; Central of
Georgia Railway first preferred incomes.
3SA bid, 40 asked; Central of Georgia
Railway second preferred incomes, ID
bid, 1871 asked Central, of Georgia Railway
third preferred incomes, bid. ~ asked /;
Georgia Railroad 6s 1910, 113 bid, ia asked /;
Charlotte, Columbia and Augusta first IS.
lOl bid, los asked; Charlotte, Columbia and
Augusta second mortgage Is, III bid. 1lSla
asked; Georgia Southern and Florida new
5s, 100 bid, 10l1a asked; South Georgia ana
Florida first mortgage Is, 1O215 bid, 10S1s
asked; South Georgia and Florida second
mortgage Is, 103 bid, 105 asked Ocean
Steamship per cent bonds, 1926, 105 bid,
1O6 asked City ana Suburban Railroad
first mortgage z per cent. bonds, 81 bid, -
asked; Alabama Midland, per cent in
dorsed, Sc bid, 80 asked; Brunswick and
Western As, 10 bid, 7ih asked South
Bound Railway IS. bid, 75 asked; Geor-
gia and Alabama first preferred 5s, 1903 bid,
l04 asked; Georgia and Alabama cons. IS,
IS bid, 50 asked; Eatonton Branch, IS bid.
| $50 asked; Central of Georgia, Middle
Georgia and Atlantic Division IS, - bid, 81
asked.
Railroad Stocks--Augusta and Savannah,
| "a bid, 80 asked; Georgia common, bid,
| Atlanta and West Point stock 1903 bid, l04
asked: Atlanta and West Point per cent.
certificates. 1903 bid, 10i asked; Savannah
| Construction Company. - bid, Is asked.
| Gas Stocks-Savannah Gas Light stock,
p bid, % asked; Electric Light and Power
Company, 70 bid. a asked
| Bank Stocks, Etc.-Citizens Bank, 1O9lS
bid, 40 asked; Chatham Bank 4S1s
| bid, 40 asked: Germania Bank, los
hid 100 aslyad. National Rank Of CaUa p,
nah, 125 bid, 1876 asked; Merchants National
Bank, 81 bid. S7Ia asked; Oglethorpe Saw
| ings and Trust Company, 105 bid, JOG
| asked; Southern Bank of the State OF
| Georgia, bid, 13S asked; Savannah
| Bank and Trust Company, 102 bid, 1922.
| asked; Chatham Real Estate and I'm
provement Company. A. SIS bid 56 asked B,
541s bid, So asked; Peoples Savings ana
Loan Company, 95 bid 81 asked.
Factory Bonds-Augusta Factory, l0l
bid, 1O2 asked; Eagle and Phoenix Manu-
| featuring Company, 5 per cent; bonds, %
! bid, 40 asked; Sibley Manufacturing Com
pany, IS, 100 bid, 102 asked,
| Factory Stocks Augusta Factory, 6o
bid, rs asked; Graniteville Factory, 145 bid
Isl asked; Langley Factory, l0l bid, 10i
asked; Enterprise Factory, common, So
bid, SO asked; J. r. King Manufacturing
! Company, 104 bid, 105 asked; Sibley Manu-
| featuring Company, 70 bid, 76 asked; Sa-
vannah Brewing Company, IS bidl 81
| asked.
New York, March S-Money on call was
| firm at 2d3 per cent. the last loan was at
8 per cent. Prime mercantile paper, 4G4is
per cent. Sterling exchange, weak, with
actual business in bankers bills at 1874
| for demand and at $4S1 for sixty days;
posted rates, $4 S212d4S3 and $4.S51s. Com
mercial bills, $4.801&d4S1. Silver certifi-
Gates, 54G55c. Bar silver, 541sc. Mexican
| dollars, 44$4c. Government bonds were
weak; state bonds were dull; railroad
! bonds were firm.
New York, March S.-The Evening
| Posts London financial cablegram says:
"The markets opened steady, but soon
| gave way on further heavy forced liqui-
/ dations, prior to the settlement, and news
of the Queens slight indisposition. Con-
soils at one time were quoted at ll0s4.
There was a general recovery at the close,
| led by Americans, on support from New
| York. The differences to be met at the
settlements were very heavy, however,
and occasioned anxiety. Mining contain
goes to-day were the same as at last set
| tlement. There is a small account, but
the tone of the market is fiat. Tin to
/ copper at one time was heavily sold by the
| Rothchilds, but the closing was better, as
were also other Paris specialties. There
! was good buying of Americans this after
| noon. l am told in the best quarters that
| the issue of Chinese loan will not be de-
| layed barring serious political develop
| ments. which are not expected. 1t will
1 probably be issued on Saturday, or early
next week To-day's sales of Eagles by
| the Bank of England surprised the money
market, which was very firm. The bank
raised the buying price of French and
German coin to 76s sd.
| New York, March S--The tone of the
| stock market was improved much to-day.
| as compared with that of yesterday, the
| ground for the greater confidence in val
ues being the apparent desire of the Span
| ish government to deprecate any idea that
they desired a rupture with the United
/ States on their own initiative or that they
sought to irritate the United States gov
eminent into assuming the offensive
The effect of this was most clearly de-
! fined in a sharp recovery in the price of
Spanish tours, both in London and Paris.
Americans also were much steadier on the
/ foreign exchanges, but there was nothing
in the early quotations from there to give
foretaste of the sharp advances at the
! opening hour.
/ The market was aggressively strong dur
ing the while of the earlier part of the
| day, but it is questionable whether this
was due to any large amount of buying
| for new accounts. That the short inter-
| est was largely increased yesterday was
| easily to be seen, and shrewd professional
manipulators We're able to discern this
morning, that the market was in an over
| sold condition.
The better outlook in the relations be-
| tween the United States and Spain made
| the shorts nervous, and there was some
! thing of a scramble to cover at the open
| ing The manipulation for the rise was
designed to uncover bear margins, and the
| keen demand at the advance proved the
! vancouver TO have been successful, II did
! not require a very large advance to in
wife further liquidation, and the last hour
! saw prices fall almost to last nights point
! Covering by belated shorts caused a
slight stiffenng again in the final deal
| ings Outside the professional manipu.
! lations there was little doing in the mar
! ket Some buying was reported for Lon
! don and Washington account
The continued movement Of gold. the
easier tone Of money, yesterdays furry
| being apparently ended, number of dvi-
| dend announcements. and statements that
| no bond issue would be made necessary by
the proposed appropriation of $50, 900
| for national defense were all factors To-
ward the more confident views of the sit
49, ILL.,