The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-22

wear gold bonds lis bid, ll9 asked; Central
of Georgia Railway first consolidated
mortgage S. 911s bid. 92ls asked; Central
of Georgia Railway first preferred incomes,
4l1h bid, 42lk asked; Central of Georgia
Railway second preferred incomes, 1919 bid,
Il asked; Central of Georgia Railway
third preferred incomes, bid "a asked
Georgia Railroad 6s 1910 ia BID, us asked
Charlotte, Columbia and Augusta first 5s.
ITO bid, III asked; Charlotte, Columbia and
Augusta second mortgage Is 1ls bid, l2o
asked; Georgia Southern and Florida new
5s 1O2lh bid, 1887 asked; South Georgia and
Florida first mortgage Is. 1922 bid, 1892
asked; South Georgia and Florida second
mortgage Is, 103 bid, 1O5 asked; Ocean
Steamship per cent. bonds, 1926, l051s bid,
1861 asked: City and Suburban Railroad
first mortgage per cent. bonds, 81 bid, -
asked; Alabama Midland per cent. in
dorsed, 80 bid, 81 asked; Brunswick and
Western Is, rs bid, 77ia asked South
Bound Railway IS. 7l1a bid, 75l2 asked;
Georgia and Alabama first preferred IS,
leS bid, l04 asked; Georgia and Alabama
cons. 5s, IS bid, SO asked Eatonton
Branch, 81 bid, S9A asked; Central of
Georgia, Middle Georgia and Atlantic Di-
vision SIS, 81 bid. SO asked.
Railroad Stocks-Augusta and Savannah,
81 bid IS asked; Georgia, common; $50 bid,
1S3 asked; Southwestern, SO bid, 94ls
asked: Atlanta and West Point stock 1919
No. lHo dskGut <Ai4dHld anu west IOlhl .
per cent. certificates. 1912 bid, 1903 asked;
Savannah Construction Company bid
50 asked
Gas Stocks-Savannah Gas Light stock
% bid, % asked Electric Light and Power
Company. rs bid, n asked.
Bank Stocks Etc.-Citizens Bank, 10934
bid, 1l011 asked; Chatham Bank,
As bid. 40 asked; Germana Bank, 10S
bid 100 asked; National Bank of Savau-
nah 125 bid, 126 asked Merchants National
Bank, 81 bid, SlA asked; Oglethorpe Saw
ings and Trust Company, 105 bid, 106
esked: Southern Bank of the State Of
Georgia, bid 1879 asked; Sa
vannah Bank and Trust Company, 1O2
bid, 1929 asked; Chatham Real Estate and
Improvement Company, A. So bid, Sc
asked: B, 5415 bid, So asked Peoples Saw
ings and Loan Company 9s bid SO asked.
Factory Bonds-Augusta Factory 50
bid, "a asked: Graniteville Factory, las bid,
1ol asked; Eagle and Phoenix Manu-
featuring Company, per cent. bonds, -
bid, 40 asked Sbley Manufacturing Conn
pany S. 101 bid 102 asked
Factory Stocks-Augusta Factory, 50
bid. So asked GraLiteville Factory, 1i5 bid,
f5l asked; Langley Factory, 104 bid, 1854
asked; Enterprise Factory, common. SO
bid. 96 asked; j. r. King Manufacturing
Company, 104 bid, 105 asked; Sibley Manu-
featuring Company, 70 bid, 76 asked; Sa-
vannah Brewing Company, s. bid, 81 ask
ed.
New York, Feb. 21.-Money on call was
easy at 1lad1% per cent; the last loan
was a ~ per cent Prime mercantile pa
per, 3GI4 per cent Sterling exchange was
steady. with actual business in bankers
bills at 4S59sG4.S7. and at Sis3Gl4. 1914 for
sixty days; posted rates were $4.S60 .S61k
Commercial bills, A.S2. Silver certificates,
551sM56lkc. Bar silver, 557sc. Mexican dol
lars 45l4c. Government bonds were weak !;
state bonds were dull; railroad bonds were
weak.
New York Feb. 2l.-The Evening Post $
financial cablegram says: The stock mar
kets opened here fiat to-day, on politics.
A recovery at midday was followed by a
further sharp fall mainly on bear opera
tons and New York sales of Americans
Paris bought steadily throughout. nclud-
ing Americans, but this was powerless to
support the market. Unless there should
be a sharp rally tomorrow morning, big
differences are to be met, notably in Grand
Trunk and Americans by weak operators
At the same time there have also been
commitments in the last few days. New
Yorlx's heavy selling tonight occurring on
the eve of the settlement here, and the hol-
iday ia the United States tomorrow de-
moralzed the market and caused a gloomy
feeling. Grand Trunk and Canadian Pa
cific are 300 TO 1850 lower than at the last
settlement. Argentines were better Mines
were dull. The settlement in that market
is featureless Gold is in fair demand, at
rs sad. but the demand is now confined to
South America. There is good reason to
believe that but for this bar gold might
go 10 the Bank of England"
New York, Feb. 21-To-days heavy de-
cline in the stock market was made with
out any actual new developments in the
situation, but was rather to be attributed
TO a combination of impressions which
have been the underlying force in specula-
tion for a week or more.
4 The days market demonstrated for one
thing, that last weeks declines would
have been much heavier on the develop
tnents in the Cuban question had il not
been for the support OF the powerful in
terests who desired an opportunity to real
ize.
( The entire absence of support to-day
gave a color TO the suppositon that those
interests had completed their liquidation
and were Indifferent to the course of the
market. The motives assigned for the
selling had less apparent basis. in fact than
were furnished by the events Of last
week
So far as they turned on the Cuban ques-
zion. they dealt with speculations on posi-
BILE future events or abstruse points OF in
authority to back them. Approximations
growing out of the rate war for passen-
ger business between the Canadian Pacific
and our Continental lines had a more
substantial basis, though a soothing sug-
gestion was offered that the profits and
dividends were not largely dependent upon
passenger business, anyhow. There seem.
ed TO be no realizing sense that this sug-
gestion was inconsistent with the large ad-
yances which had been forced in the price
Of securities, on hopes of Klondike traffic.
y The great snow Storm in the West was
also a factor of real Importance both by
reason Of the Interruption to railroad traf-
fic and the possible damage to crops
Whatever the real motive, it was beyond
dispute that there were large offerings of
securities for which there was no adequate
demand, and selling orders to stop losses
were uncovered on the descending scale
Declines were so great that the prices
that looked attractive, as bargains in many
cases, were reached and this steadied
prices and worked some notable recover
les.
This process was repeated several times
during the day and the market closed with
Z one Of the rallies in full force thus leaving
kn 4 1ft..4- l. Al.