The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-22

Gas stocks-savannah Gas Light stock,
% bid, % asked; Electric Light and Pow
er Company, IS bid, 70 asked
Bank Stocks. Etc.-Citizens Bank. 1lO4
bid, Ill asked; Chatham Bank, 4Sla bid,
4sls asked; Germania Bank, 110l5 bid. lll12
asked; National Bank of Savannah, 10
bid, 126 asked; Merchants National Bank,
81 bid $40 asked; Oglethorpe Savings
and Trust Company, l05 bid, l0i asked;
Southern Bank of the State of Georgia,
100 bid, 1872 asked; Savannah Bank and
Trust Company 102 bid, 10S asked; Chat
ham Real Estate and Improvement Com
pany A, 5515 bid, So asked; B, 80 bid, 55l2
asked; Peoples Savings and Loan Compa-
ny, 80 bid, SO asked.
Factory Bonds - Augusta Factory, 100
bid, LOG asked; Sibley Manufacturing Com
pany 6s, 100 bid, l02 asked.
Factory Stocks-Augusta Factory, So
bid, 60 asked; Graniteville Factory, 140 bid,
145 asked; Langley Factory, 100 bid, lOl
asked; Enterprise Factory common, 80
bid, "a asked; J. r. King Manufacturing
Company, 100 bid, 1Ol asked; Sibley Manu-
featuring Company, 20 bid, &c asked; Sa-
vannah Brewing Company, SO bid, lOl
asked.
New York, Sept. q, p. m.-Money on
call was easier at 205 per cent; the last
loan was at per cent Prime mercantile
paper, 4Q5 per cent. Sterling exchange,
weak, with actual business in bankers
bills a $.S3% for demand and at 4.Sl120
ASIA for sixty days. Posted rates, $4.S2la
@4S3 and 4.S5. Commercial bills, $4.0S12G
4.S1 Silver certificates 6112d62c. Bar ell
yer, 81 5-16c. Mexican dollars, 4719c. Gov
eminent bonds were weak. State bonds
were dull Railroad bonds were firm.
New York, Sept. 21.-The course of
Sugar to-day indicated that the long bear
turn in that stock has come 10 an end for
the present. Dealings in this stock con-
tinued to absorb an important proportion
of the total transactions. Efforts to hold
the money rate proved unavailing, in view
of the disparity between the New YORK
call money rate and other markets, and
call loans on the board fell to per cent.
to-day. As a result of relief from these
important reactionary tendencies, the
market was strong, and recovered quite
generally from yesterdays decline But
the strength was confined largely to spots,
and the market is still in the hands of
professionals and reflects no outside in
terest. There was still some apprehension
that the rally in Sugar might simply be
the result of manipulation directed against
a large bear account.
The sudden plentitude of money was also
looked at somewhat askance, and with
some the fear remains that further
furry in call money might be possible.
The fact that money has been easy to
obtain for several days in almost all mar
kets, but not on the Stock Exchange, en-
courages this feeling. But the call money
market was unable to withstand the IN
fiuence of the various agencies which have
been at work for its relief
The sub-treasury had another heavy de-
bit balance of nearly 81, 900 900 at the clear
ing house to-day rejecting In part the
presentation of checks for the anticipa-
Of the Oct I interest
government bonds. There were further
engagements of gold In London for i'm
port, resulting in a sharp rise of p per
cent. to l per cent in the money rate, and
Of 21s@2A per cent. in the discount rate
In that market.
The stiffening of the London money rate
begot dullness in the stock market there,
the heaviness extending to the American
group, and resulting in some selling for
London account here. Except in one or
two instances, this selling was without
much effect.
The coalers, Cotton Oil, Rubber, New
York Air Brake, and some other special
ties, showed conspicuous advances. In the
railroad list outside of Northern Pacific
dealings were not large, but prices In a
number of cases advanced to a point net.
Last prices We're the best, and the mar
ket was strongest and most active at the
close.
IIlC6S VI DOilus recovered III t06 ldte
dealings from an early tendency toward
decline. Total sales were $1610,00O United
States IS declined a, and the 3's, when
issued, II In the bid price.
The total sales of stocks to-day were
1896 100 shares, including 1929 Chicago,
Burlington and Quincy; 23 6S4 Manhattan;
51,24 Northern Pacific; 6,O62 Northern Pa
cific preferred; $50 Union Pacific; 1920
ST. Paul; 10 40 American Cotton Oil; 5000
American Tobacco; 700 Peoples Gas; T.
800 General Electric; ,622 Sugar
New York Closing Stocks