The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-04-03

lateral IS, 81 bid, 50 asked; Central of
Georgia Railroad first mortgage IS, so
year gold bonds. 116 bid, III asked; Central
OF Georgia Railway first consolidated
mortgage 5s, 81 bid 50 asked; Central of
Georgia Railway first preferred incomes,
81 bid, SS asked; Central of Georgia
Railway second preferred incomes. Is
bid. IA asked; Central of Georgia Railway
third preferred incomes, bid, s asked;
Georgia Railroad IS, 1910, 113 bid, ia asked;
Charlotte. Columbia and Augusta first 5s,
lO6 Did, 1O7 asked; Charlotte, Columbia and
augusta second mortgage rs, 116 bid, 1171k
asked; Georgia Southern and Florida new
os, loO1s bid. 1919 asked; South Georgia and
Florida first mortgage rs, 1925 bid. 1881
asked; South Georgia and Florida second
mortgage Is, 10S bid, 1Ol asked; Ocean
Steamship per cent. bonds, 1926, 10I bid.
MO asked; City and Suburban Railroad
nrst mortgage per cent. bonds, 100 bid 10S
asked; Alabama Midland per cent in
dorsed, 81 bid IS asked; Brunswick and
Western As, rs bid. tn asked; South
Bound Railway 5s 20 bid, rs asked; Geor-
gia and Alabama first preferred 5s, 1O2 bid,
lOS asked; Georgia and Alabama cons, 5s,
o. bid, 80 asked; Eatonton Branch, So bid,
Slh asked; Central of Georgia, Middle
Georgia and Atlantic division IS, rs bid,
70 asked.
Railroad Stocks-Augusta and Savannah.
81 bid, 921a asked Georgia common, 40
bid, $50 asked; Southwestern, 30 bid, 911k
asked; Atlanta ana West Point stock,
JOB bid, 104l9 asked; Atlanta and West
Point per cent. certificates 1903 bid, 10i
asked; Savannah Construction Company,
621a bid 60 asked.
Gas Stock-Savannah Gas Light stock,
2O12 bid, % asked; Electric Light and Pow
er Company 74ia bid, 75Is asked.
Bank Stocks, Etc.-Citizens Bank, 100
bid, 10 asked; Chatham Bank, As
bid, 40 asked; Germania Bank, 100
bid. 10 asked; National Bank of Savan-
nah, 125 bid 1875 asked; Merchants National
Bank, "a bid, S. asked; Oglethorpe Saw
ings and Trust Company, los bid, 106 ask
ed; Southern Bank of the State of
Georgia, bid, 1888 asked Savannah
Bank and Trust Company, 1OlA bid, 1929
asked; Chatham Real Estate and Improve
ment Company, A, so bid, Sc asked; B. 541s
bid. So asked; Peoples Savings and Loan
Company, % bid. 81 asked.
Factory Bonds-Augusta Factory, 10l
bid, 102 asked; Eagle and Phoenix Manu-
featuring Company, per cent. bonds, 80
bid, 40 asked; Sibley Manufacturing Com
pany 6s, 100 bid 102 asked.
Factory Stocks-Augusta Factory 6S bid,
rs asked; Graniteville Factory, 145 bid ISL
asked; Langley Factory, 101 bid, 104 ask
ed; Enterprise Factory, common, SO bid,
Sc asked; j. R. King Manufacturing Com
pany, 104 bid, los asked; Sibley Manufac-
turing Company. 20 bid. rs asked; Sa-
vannah Brewing Company, 80 bid, 90 ask
ed.
New York, April 2.-Money on call was
firm at 2623 per cent; the last loan was
at 2 per cent. Prime mercantile paper, So
6 per cent Sterling exchange steady,
with actual business in bankers bills at
$4.SShQ4SS% for demand and at &S0s4q
4.S1 for GO days. Posted rates $4.Sl19q4s62
and $4S41aG4.S5. Commercial bills, $3.50.
Silver certificates, 559s056l4c. Bar silver,
55d551kc. Mexican dollars, 45c. State
bonds dull; railroad bonds were weak.
Government bonds were weak.
New York, April 2-The weekly bank
statement shows the following changes.
Surplus, reserve, increase, 81, S69, 325 loans,
decrease, $4317 200; specie, increased 49,
266, 800; legal tenders, decreased $4 250, 700;
deposits, decreased So. 414,7O0; circulation,
increase, $4,1OO. The banks now hold $685.
72O.SOO in excess of the requirements of
the rs per cent. rule.
New York, April 1.-The Evening Posts
London financial cablegram says THE
stock market here opened fiat to-day, but
there was no panic. The condition was
apathetic, with a certain amount of nel.
Yousness in places. The amount is gen.
orally really too small to warrant any
thing like a panic. The chief apprehen-
sion is in the money market, on fears
of a further gold drain to New York in
the event of war. The Bank of England
reserve last week was the lowest since
1893 War risks at Lloyds are nominally
quoted at 40 per cent, but such transact
tons are merely of betting nature, not
genuine BUSINESS. Consols were 111A and
Spanish As 471A, the close being at the
lowest. Americans were fiat, but above
the New York parity all day. Particulars
are now published of a gigantic trade
combination in cotton spinning, consisting
of seventeen prominent firms, chiefly III
Manchester and Balton, and of fifteen
other firms of doublers. The share capt.
tai is "a, 100000, and there is also 10000
in debenturo stock
New York, April News having an i'm,
portant bearing on the all-absorbing ques-
ton of this country's relations with Spain
was exceedingly scarce to-day, as Con
gress was not in session. The absence OF
developments left the situation much as
it was when trading ceased yesterday aft
ernoon, and when all classes of security
owners were offering stocks for sale on the
presumption that war with Spain was in
evitable. Yet prices show net gains to-
day, extending over a point in many
cases. and the extreme recoveries from the
lowest show variations which compare
favorable with the violent changes of last
Monday and Wednesday.
The market was exceedingly feverish
and erratie during all of the two hours
session, in spite of the paucity of news,
varying sentiments being fed by surmises
rather than news. Important commission
houses and Western connections were the
instruments used for much of the buying
This gave the appearance, whether well
founded. or only designed to seem so, of
orders to buy stocks, possibly on informa-
tion obtained in Washington of some
favorable turn in the prospect of affairs.
This DEVELOPMENT or maneuver was not
lost upon the bears. 1t is not improbable,
also. that some of the buying was due to
thai class Of investors. who come into
the market to buy stocks at low range
of prices for the actual return in yearly
income. London, Furthermore, was buy
or 10 some extent here, in spite of the
eignificant weakness of Spanish As on for
eign exchanges.
Boldly stated, it seems remarkable that
there should be a sharp net advance In
the nrices Of securities on the stock ex-
change in the week which witnessed the
publication of the report of the Maine
hoard of inquiry and the apparent aband-
onment Of diplomatic negotiations looking
to the conservation of peace with Spain.