The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-03-02

1924, lOSl2 bid, 1924 asked; Cen
trail Railroad and Banking Company coll
lateral 5s 81 bid, Sli2 asked; Central az
! Georgia Railway first mortgage 5s, So
year gold bonds, 1l6 bid, III asked; Central
Of Georgia Railway first consolidated
mortgage 5s, 90ia bid 9lIs asked; Central
OF Georgia Railway first preferred incomes,
! 40la bid Az asked; Central of Georgia
/ hallway second preferred incomes, lSla
! bid. lP2 asked; Central of Georgia Railway,
third preferred incomes, bid. s asked
| Georgia Railroad 6s 1910, ia bid. 115 asked
! Charlotte Columbia and Augusta first 5s,
ITO bid. III asked; Charlotte, Columbia and
! Augusta second mortgage Is, 1l5 bid, llS
| asked; Georgia Southern and Florida new
! 6s, 100 bid, l0l asked; South Georgia and
Florida first mortgage Is. 1O2ls bid, 1881
asked; South Georgia and Florida second
mortgage Is, 1903 bid, !O5 asked; Ocean
| Steamship per cent. bonds 1926, 105 bid,
lO6 asked; Guy and Suburban Railroad
first mortgage per cent. bonds, "a bid, -
asked Alabama Midland 8 per cent. in
dorsed Sc bid, 80 asked; Brunswick and
Western Is 70 bid, 77la asked South
Bound Railway 5s. 74il bid. 75}s asked:
Georgia and Alabama first preferred IS.
lO3 bid. l4 asked: Georgia aud Alabama
cons. 5s, S. bid, SO asked; Eatonton
Branch. 81 bid. S9A asked: Central of
Georgia, Middle Georgia and Atlantic Di-
vision 5s, so bid S2l2 asked
Railroad Stocks-Augusta and Savannah,
So bid, 50 asked Georgia, common us bid,
$50 asked; Southwestern, 9324 bid, gii5
asked; Atlanta and West Point stock. 1902
bid, l0l asked; Atlanta and West Point 6
per cent. certificates, 102 bid 10i asked
savannah Construction Company, ~ bid,
81 asked.
Gas Stocks-Savannah Gas Light stock,
p bid, % asked; Electric Light and Power
Company, Is bid. n asked
Bank Stocks, Etc.-CItzens Bank. 109&
bid, HOE asked; Chatham Bank,
1872 bid, ~ asked; Germania Bank, los
bid l09 asked National Bank of Savau-
nah l25 bid, 126 asked; Merchants National
| Bank, 81 bid, Sl2 asked; Oglethorpe Saw
ings and Trust Company, 1O5 bid 106
asked: Southern Bank of the State Of
Georgia, bid 1873 asked Sa-
vannah Bank and Trust Company 1O2
| bid, 1929 asked; Chatham Real Estate and
Improvement Company. A. S. bid So
asked; B, 5i16 bid, So asked; Peoples Saw
ings and Loan Company, sS bid, 80 asked.
| Factory Bonds--Augusta Factory, 81
bid, "a asked; Graniteville Factory, 145 bid,
$50 asked; Eagle and Phoenix Manu-
featuring Company, per cent. bonds -
bid 40 asked Sibley Manufacturing Com
pany IS, 1Ol bid, 102 asked.
Factory Stocks--Augusta Factory, 50
bid, SO asked: GraLitcville Factory, 145 bid.
l5l asked; Langley Factory, l0i bid, 1854
asked. Enterprise Factory, common. %
bid 20 asked; j. r. King Manufacturing
Company, 1Oi bid 105 asked; Sihley Manu-
featuring Company, 70 bid, 76 asked; Sa-
vannah Brewing Company, IS bid, 81 ask
| ed.
New York, March 1.-Money on call was
active at 1MG2 per cent, the last loan
was at per cent. Prime mercantile paper
3I404 per cent Sterling exchange frmer
with actual business In bankers bills at
81 S4A for demand and at $4S11s04.S2 for
sixty days. Posted rates $l.S2Gl4. S31a. Com
merclal bills, S4.SlGii Si1z. Silver certificates
555sG56ssc Bar silver, 55l4c. Mexican dol
lars, 45Ac. Government bonds strong. State
bonds were duh. Railroad bonds were
strong.
New York. March 1.-The stock market
took no well defined character to-day
until after The publication of the state
ment attributed 10 the Secretary Of the
! Navy, that the element of Spanish official
responsibility for the Maine explosion
might be considered to he eliminated from
the situation This was In the last hour
of the session, and the whole short interest
apparently rushed 10 cover the short lines
that have been put out In the last few
days on the developments following the
Maine disaster.
There has been covering of shorts early
in the day In continuance of yesterdays
movement but little later other short
selling developed ON the theory that the
market would certainly sag again after
the large short interest had been covered
The market had apparently swung to q
siandsdll, and Was drifting rather aim
| lessly. without yielding when a buying
movement set in on the Long statement
and the trading took on all the appear.
ance of a runaway bun market.
SOmes OF the advances were violent
metropolitan Street Railway being pushed
up to 1914, a net rice Of 10 points. This
stock closed at ISL Manhattan, Sugar and
New York Central were also conspicuous
In the movement, the former showing ar
extreme advance of points and the latter
| 2 points each. The whole list felt the up.
ward movement TO a very noticeable ex.
tent, and this late bulge added to the very
substantial advance already achieved
makes a showing Of very striking net
gains, ranging from / TO points in the
general list, and above that in exceptional
| cases
Buying for London account helped tht
strength In the early dealings. There was
some recovery in Spanish securities In
London and this seemd to restore conf.
| dence TO some extent over the relations
between Spain and the United States, Tho
resumption of buying for London account
| Is In face Of a continued hardening of the
money market in London. The inquiry for
gold for American account in London and
Paris Is reported to be still very keen. but
no further engagements of gold for import
were announced for to-day, ana the rate
for exchange hardened a fraction, but Is
still at the gold import point The condi.
tions in the local money market have be.
come more settled, the interior demands
! for currency being somewhat less eager
| The announcement by the treasury that nc
| further Withdrawals will be made for the
present Of government deposits IN New
| York banks of Union Pacific payments
also aided this result.
The bond market was somewhat more
active to-day, and prices were higher all
around Total sales, $3,SOOO00. United
States new As registered showed recovery
| of ~, and As coupons, the old Is regis
| tered and the 81 of / each, and The old A
coupon Of u per cent. bid, and the p de-
clined u per cent.
The total sales of stocks were 452. 7OC
shares, including Atchison preferred, GEO
! Chicago, Burlington and quincy, 2g,s35
Louisville and Nashville, 6.SS1; Manhattan
! 81 G9O: Metropolitan Street Railway 10, 400
Reading first preferred, $500: New York
Central, 1854; 81. Paul, 90. 1920; Union Pa.
cifc. 500; Union Pacific, Denver and Gulf
100; Peoples Gas, 10020; Sugar, $500
Western Uuion. 100.