The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-18


Florida first mortgage Is, 1o2h bid. 1osx
asked; South Georgia and Florida second
mortgage Is, 1924 bid. 1919 asked; Ocean
Steamship per cent. bonds. 1925, 104ts hid
1854 asked; City and Suburban Railroad
first mortgage PER cent. bonds, 100 bid.
1902 asked; Alabama Midland per cent, in
dorsed, 92ib bid 1872 asked brunswick and
Western As. 73 bid. Is asked; South Bound
Railway 5s so bid, 81 asked; Georgia and
Alabama first preferred 5s, 1n2 bid 104 ask
ed: Georgia and Alabama cons. 5s. 80 bid,
81 asked; Eaionton branch. 30 bid 9lasked:
Central Of Georgia. Middle Georgia and
Atlantic division 5s, S1ib bid. s2is asked.
Railroad Stocks Augusta and Savan-
nah 99I5 bid, 100i6 asked; Southwestern,
99la bid, 1O0i5 asked; Atlanta and West
Point stock, los bid 40 asked; Atlanta and
West Point per cent. certificates, 10Sis
bid 10ii2 asked; Georgia common, 1876 bid,
1917 asked
Gas Stocks-Savannah Gas Light stock.
% bid % asked: Electric Light and Pow.
er Company, "A bid, 70 asked.
Bank Stocks, Etc.-Citizens Bank, 110M
bid 1iOa asked; Chatham Bank 4s bid.
4sIb asked; Germanla Bank. 11Oik bid, 1liIz
asked; National Bank of Savannah, 1875
bid 1876 asked Merchants National Bank,
"a bid, Sc asked; Oglethorpe Savings
and Trust Company, 1o5 bid. 107 asked;
Southern Bank Of the State of Georgia,
1870 bid 1871 asked; Savannah Bank End
Trust Company. 10218 bid. 103@ askeds
Chatham Real Estate and Improvement
Company, A. 55h bid Sc asked; b, IS bid.
552 asked; Peoples Savings and Loan
| Company. % bid "a asked.
Factory Bonds Augusta Factory 105
bid. Jog asked; Sibley Manufacturing COM
pany. 6s. 100 bid, 1902 asked.
Factory Stocks-Augusta Factory, s.
bid, Go asked; Graniteville Factory, 140 bid.
las asked; Langley Factory, 100 bid, 10t
asked; Enterprise Factory, common. 90
q leo Il. .f..- II.
Company, 100 bid. 10t asked Sibley Manu-
featuring Company. 70 bid 76 asked; sa-
vannah Brewing Company. i0l bid, 10a
asked
New York, Oct 17-Money on call was
steady at 202h per cent. the last loan
was at 2lA per cent. Prime mercantile pa
per. 3h04 per cent. Sterling exchange
iirmer. with actual business In bankers
bills at 81. SlAa4. 8i9s for demand. and at
81 81 i26btStA for sixty days. Posted rates,
&S2Q4 S2A and si.S5. Commercial bills,
$.Sela. Silver certificates, 5924 a60@c. Bar
silver, Coo Mexican dollars 461ae. Govern
ment bonds strong. Slate bonds inactive.
Railroad bonds weak.
New York, Oct ia scrutiny OF the
list Of changes In prices to-day show that
rearly all of the railroad stocks dealt In
have net gains OF a small fraction. Con-
sidering the number of unsettling episodes
In the days market these gains, though
small. Indicate a strong resisting power
in stocks. Although the opening was
| slightly higher IN sympathy with the Use
IN London the tendency of prices turned
downward early IN the day under the In
huence OF break In Tobacco on appre-
hension that Che Supreme Court would
deliver to-day decision unfavorable 20 the
| railroads In the case to test the legality
Of the Joint Traffic Association.
The acoalers were subjected 70 attack by
| the bears and the valuation OF the stocks
these much belabored securities. New
Jersey Central fell an extreme 5is and the
| decline IN the rest Of the group ranged
| from ~ 10 g. The price of Laclxawanna
| was bid down over twelve points from
| the last sale but no stock was offered.
About the same time Metropolitan Street
Railway broke 80 points and the whole
| list touched the lowest prices Of the day.
None Of the active railroad stocks fell
over Y points net.
Tobacco was dealt In minus the dividend
Of per cent, and ~ in addition was
| knocked off the price. Then came cup
port and before the close of the day the
| shorts were driven TO cover by rise OF
| SIC. Sugar was also well supported all
| day London was a buyer In this mar
ket especially OF the Pacifics The COW
| ering by the bears in the coalers worked
| recoveries ranging up TO "a on New Jer-
| sey Central and the news that there was
| no decision in the Joint Traffic Assoeia-
| ton case induced covering by room trad-
| ers In the general list.
The closing was firm at the top. There
was a notable firmness In the exchanges
market Notwithstanding very heavy Of
| ferings Of bills against grain and cotton
| The demand came from bankers and others
for Investment for the purpose of placing
| loans at the higher interest rates existing
| In London and Berlin. There Is an album
dance Of money Offering here and the ten-'
dency continues toward greater ease.
Railroad bonds weakened in sympathy
with stocks but showed a partial recov-
| cry toward the close. Total sales, sl,5l0-
| Cos IT, S. 3s, registered, the old As con-
pom, and the as advanced Ne, and the
3's coupon, the old As registered and the
SIS n per cent. in the bid price. The cou-
pom 3's sold at 1856 which Is the highest
price.
The total sales of stocks were 247 500
shares. including 655s Chicago Burlington
and Quincy; 1401S Manhattan; $3.50 Met
ropoltan; IS 1870 Reading, first preferred:
207fj Northern Pacific; 1856 Reading; $50
81. Paul; $40 do preferred; 1870 Ameri-
can Tobacco ex-dividend; 2S,928 Sugar.
New York Closing Stocks.
Atchlson ........ 125sl ST. Paul ........107HI
do pref ........ S9ss do pref ....... .159lal
q.