The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-02

per cent. certificates. 1O116 bid. 1O2lk asked;
Savannah Construction Company, Is bid,
IS asked.
Gas Stocks-Savannah Gas Light stock,
% bid, "a asked; Electric Light
and Power Company. 70 bid n asked.
Bank Stocks, Etc.-Citizens Bank, no
bid. 11Ols asked; Chatham Bank.
4S bid, 4s15 asked; Germania Bank. 10S
bid, 1903 asked; National Bank of Savan-
nah, 125 bid, 126 asked; Merchants National
Bank, 81 bid. SO asked; Oglethorpe Saw
ings and Trust Company 104 bid, 1O5
asked; Southern Bank OF the State of
Georgia, 1888 bid, 14O asked; Sa-
vannah Bank and Trust Company lO2
bid, 1921 asked; Chatham Real Estate and
Improvement Company, A, So bid, SO
asked; B, 5415 bid, So asked; Peoples Saw
ings and Loan Company, So bid. 80 asked.
Factory Bonds-Augusta Factory 6s, 1Ol
bid, 102 asked; Enterprise Factory 6s, 100
bid, 101 asked; Eagle and Phoenix Manu-
featuring Company 5 ger cent. bonds, -
bid, 40 asked; Sibley Manufacturing Com
pany 6s 1O1 bid, 102 asked
Factory Stocks-Augusta Factory, 80
bid, SO asked Graniteville Factory, las bid
Isl asked; Langley Factory. 104 bid. 1O5A
asked; Enterprise Factory common, SO
bid, Sc asked; ]. r. King Manufacturing
Company, 104 bid, 105 asked; Sibley Manu-
featuring Company, 20 bid, 76 asked; Sa-
vannah Brewing Company. so bid. IS asked
New York, Feb. Money on call was
was at ia per cent; prime mercantile
paper, BOA per cent. Sterling exchange
frmer, with actual business in bankers
bills at A.S4$4 for demand and at 81. S215d
4.S2A for sixty days; posted rates, 81. S31
1882, and 81. S51A04. IS. Commercial bills,
a.S2 Silver certificates. 56A 0571to. Bar
silver. 56$sc. Mexican dollars, 45tc. Gov
eminent bonds strong. State bonds were
dull Railroad bonds were strong.
New York Feb. 1.-The Evening Posts
London financial cabegram says: THE
stock markets here were quiet and fea-
tureless to-day. Americans opened good,
became weak, on reports of the snow
storm in the United States, but rallied
with the close. Buying is active here but
very professional"
New York, Feb. 1.-The stock market
to-day had a liquidation to carry still
heavier than even that Of yesterday, and
there were fewer prominent stocks to ex-
ert a sustaining force by special strength.
The heavy offerings were well absorbed
and net declines ire for the most part
confined to fractions, but are general For
a time after the opening there seemed to
be no diminution from yesterdays activ-
ity There had evidently been a large ac-
emulation of outside orders over night,
and London was also a buyer of stock.
This demand was satisfied, however, with
out effecting any marked advance in
prices, the offerings being very large.
Later prices began to yield under the
weight of continued offerings, but the pres
sure was not great and the market fell
into dullness, holders apparently being
content 10 await a rally to continue the
liquidation. The rallies were helped by
the continuing strength of a number of
stocks, especially Union Pacific and all its
securities. The strength of these gained
during the day and this stock closed at
the highest, at net advance of over
point Baltimore and Ohio showed early
xxfnol l,ttt rail te1
lied assertion that the reorganization
plan had been agreed upon. Upon the
denial of this the stock fell away, but
closed with a small net gain. The Ohio
soft coal roads gave evidence of strength
on the better outlook for the coal traffic
and report an agreement among them for
its distribution.
There were some very marked gains
among usually dormant Stocks such as
Great Northern preferred, Chicago and
Eastern Illinois preferred Cleveland, Gin.
cinnau Chicago and st. Louis preferred
Adams Express and Susquehanna and
Western preferred. There were periods
of strength in other stocks during the
day, notably the local traction companies.
Western Union and General Electric, but
the order of the day was profit-taking,
and this tendency, even to Northern Pa
cihc preferred, upon which there was a
quarterly dividend of / per cent, declared
late in the day.
London bought some stocks early in this
market, but sold more later, which prob,
ably had an influence in giving some
what sitter tone to the exchange market
1t is to he noted, however, that a part
Of the cash from the interior which is be-
ing received in New York is due to remit
tances on account of Australian gold re-
celved at San Francisco TO the order of
New York houses.
There was a noticeable growth of ac-
tlNltV in COmmarpia1 rfr of
the money market to-day, showing a de-
cided increase, but without any uuotable
effect on the rates. The rates for call
loans worked to a lower basis in spite of
the withdrawal of the second 10 per cent.
nstallment of the government deposits of
the Union Pacific payment This with
drawal was called for tomorrow, but
most of il was made to-day
In the bond market the Kansas Pacific
consols were the most conspicuous feat
ure at an advance of 83s per cent? to
ll03s Other bonds of the Kansas Pacific
advanced ! to 8 points on the belief that
tney would be included in the Union Pa
chlc reorganza ton, with or without an
arrangement with the government The
bohd market generally showed a continu-
anee or activity land prices continued to
ADVANCE Total sales amounted to $6.140.-
OOO United States new As advanced x
per cent. bid, the coupons ex-dividend
Inc total sales of stocks to-day We're
4Ol, 800 shares including Atchison prefer
red, l5,lOO; Baltimore and Ohio, 11.615:
Chesapeake and Ohio, 2Z9O6 Burlington
$3.50; Louisville and Nashville, 1905; Man
haitian, 1888; Metropolitan, 1855: Nilsson
RI Pacific, $500; Missouri. Kansas and
Texas preferred, 5.6S5; New York Central
lo,l70; Northern Pacific. 1925: Reading
1920; Rock Island 1885: ST. Paul II. 405;
Union Pacific, $3.50: Tobacco. 1880: Peo-
pies Gas, 1890; General Electric 3.345; Su-
gar, 9,4S7: Western Union, 1884; Chicago
Great western. 1850
New York Closing Stocks.
Atchison ........ 10 lSt Paul ... 955s |
90 pref. ,...... BIS do pref ....... .1H%
Bait. * Ohio .... IS st. p. & ON. 76%
can. Pacific So do do pref ..14S
Can. Southern 54la ST. p M & M. 1926
Cent Pac. .. 1919 So Pac. .. 20
Ches. & Ohio e.. 24I5 So. Railway 49, az
Chi & Alton =. 1863, do pref - 315s |
=; Is. d Q. 49,, 99A Tex. & Pac. 80. 121s
Shl. q e. Ill co.'s Union PACE. 1914 |
c. c. c. q ST. l.. 81 Z. P. d. & G.
do do pref ..... So Wabash ......... 7x
Del & Hud. lib do pref - 1873. |
Del. L. & w. =. 1861 Wheel. & L. e..
zen. a RIO. Co. 10 do do pref 49,. 1875 |
DO pref. ........ 495s Adams Eek m 100
Erie new 49, 15lLiAmerican Ery 11eik |