The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-11-02


1924. 10S bid ZOE asked; Central Railroad
and Banking Company, collateral 5s, 90
bid, 80 asked; Central of Georgia Rail
road first mort gage IS, 50-year gold bonds,
JIG bid III asked; Central OF Georgia Rail-
way first consolidated mortgage 5s. so
bid, 81 asked; Central of Georgia Rail
way first preferred incomes, Sc bid. %
asked Central of Georgia Railway second
preferred incomes. ia bid, 12ls asked;
Central of Georgia Railway third
preferred incomes, 4% bid, 55 asked;
Georgia Railroad 6s 1910 1l5 bid III asked:
Charlotte, Columbia and Augusta first 5s,
log bid, l07 asked; Charlotte, Columbia and
Augusta second mortgage Is, III bid, lis
asked Georgia Southern and Florida new
5s, l06ia bid, 107 asked: South Georgia and
Florida first mortgage Is, 1929 bid, 103b
asked South Georgia and Florida second
mortgage Is, 1924 bid, 103k asked; Ocean
Steamship per cent. bonds. 1926. l0iia bid
1O5la asked city and Suburban Railroad
first mortgage 6 per cent. bonds, 100 bid,
l02 asked Alabama Midland per cent, In
dorsed, 80 bid, 81 asked; Brunswick and
Western Is, % bid, 70 asked South Bound
Railway 5s, 50 bid, SO asked: Georgia and
Alabama first preferred 5s. 1903 bid 1O4 ask
ed Georgia and Alabama cons 5s 80 bid,
81 asked; Eatonton branch, 80 bid 81 asked;
Central of Georgia, Middle Georgia and
Atlantic division IS, S3la bid, SflA asked.
Railroad Stocks - Augusta and Savan-
mum VIZ hAA1 AVV1G dohthf DQulHWGSAElnt
100 bid, 10l asked Atlanta and West
Point stock 10 bid, 112 asked; Atlanta and
West Point 6 per cent. certificates. 1903
bid l0i asked; Georgia common, 1875 bid,
1873 asked.
Gas Stocks-savannah Gas Light stock.
% bid % asked; Electric Light and Pow
er Company. Is bid, as asked
Bank Stocks, Etc.-Citizens Bank, 1l0A
bid, Ill asked: Chatham Bank, AZ bid,
Is asked: Germania Bank, HOY bid. lllh
asked National Bank OF Savannah. 126
bid, 127 asked; Merchants National Bank.
81 bid. SO asked; Oglethorpe Savings
and Trust Company, 105 bid, 1W asked;
Southern Bank of the State OF Georgia.
1870 bid, 1871 asked Savannah Bank and
Trust Company, 1913 bid, 10 asked;
Chatham Real Estate and Improvement
Company, A, 551a bid. Sc asked b, 55 bid.
55ls asked; Peoples Savings and Loan
Company 92la bid, 9S1a asked.
Factory Bonds-Augueta Factory. los
bid, 1O6 asked Sibley Manufacturing Com
pany 6s, 100 bid, 100 asked; Eagle and Phe-
nix Mills per cent bonds, due 1923, l0l
bid. 102 asked.
Factory Stocks-Augusta Factory, 30
bid, 60 asked: Graniteyiile Factory, 140 Lid
ii5 asked; Langley Factory, 100 bid, 101
asked Enterprise Factory, common 30
bid "a asked; j. r. King Manufacturing
Company, 100 bid, 10l asked; Sibley Manu-
featuring Company. 20 bid, rs asked; sa-
vannah Brewing Company. 101 bid, 10S
asked.
New York. Nov. money on call was
steady at 1%@2 per cent, the last loan
was at per cent; prime mercantile paper,
3hM4A per cent. Sterling exchange firm,
with actual business in bankers bills, at
81. S5A @4S6 for demand and AS2la0l4. S29i for
sixty days; posted rates, %.S3@4 1914 and
81. 866l4S7; commercial bills, $.SlG4S1A
Silver certificates 6lM62c; bar silver, 6l9sc;
Mexican dollars Hkc. Government bonds
firmer; state bonds stronger; railroad
bonds easier.
New York Nov. Trust stocks contin-
ued to absorb a large share OF attention
in Wall street to-day. The fluctuations
were violent and at times conflicting. but,
owing 70 the predominant influence of to-
bacco IN this class Of securities, most OF
the group closed the day at net losses.
The trading In all of them was with full
mystery on" and there was no conclu-
siye reason known to the public, either
for the early advance or a subsequent de-
cline. Probably the Inherent weakness Of
Sugar in view of the formidable trade
war in prospect was the root Of the diff
Guilty, which was participated by the an
nouncement that one of the new rival
companies had commenced melting sugar
to-day. There has been support Of Sugar
for several days, with the obvious intent
Of raidng the rise In Tobacco, and when
1t proved too heavy to-day Tobacco took
a sudden drop of over points, and fiuc-
tuated feverishly for the rest of the day.
II Is quite possible that Tobacco was al
lowed to fall with a view TO shaking Off
an undesirable speculative following. But
whatever the purpose the movement of
the price was purely manpulative, and
under accurate control. The Federal Steel
stocks fell off from the best In sympa-
thy but the huctuation In these was much
narrower, and the support apparently
more substantial The securities of the
new standard distiling company the twin
company Of the American Spirits Refining
Company, was the latest accessions to the
list of so-called trusts stocks on the ex-
change, with an added capital of S240OO,-
900 to this class OF securities. They rose
from 2a212 points over the early quotation,
but sagged between the close in the gem
eral heaviness of the market. The al
ways vulnerable Coalers came In for some
severe raps on the ground of the unfa-
vorable September statements OF Reading
and New Jersey Central; and the depres-
sion in the Anthracite trade. Extreme de-
clines ranged from 2q3A In the group,
which uncovered stop loss orders, but
which was followed by a rally on cover
ing of shorts.
Changes In the railroad list are very
small as a rule, and, though losses pre-
dominate, there Is fair sprinkling of
gains. Norfolk and Western preferred Is
conspicuous example on it5 strong Sep
TENDER statement, showing last years
high level of earnings well maintained
There was not lacking a feeling of I'M
easiness over the threatening portents on
the European political horizon, reflected
In the spasmodc rise IN the Liverpool
wheat market, in the absence Of trading
on the London and Paris Stock Ex-
changes. Railroad stocks, as a whole.
however, showed themselves remarkably
little affected, either by this or the weak
ness in the speclalties.
Though prices in railroad bonds. as a
rule, were easier there were exceptions
on the sides of gains. Total sales amount
ed to S2,2lGO0O. u. s. Ys registered and
old as registered advanced n in the bid
price. The 3's coupon sold as high as 1854
ex-interest, which Is equivalent TO the
best preceding price with the interest on.
Total sales Of stocks were 1886 500 shares.
including 1855 Atchison preferred TSP
Delaware and Hudson g. 40 Louisville and
Nashville O,932 Manhattan; s 235 North
ern Pacific: 1885 st. Paul; 1890 Ameri-
ran Cation 4DQ srohaaeo. II 900