The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-03-19


Steamship 3 per cent. bonds, 1895, lO4 BID.
106 asked; City and Suburban Railroad
first mortgage per cent bonds, 100 bid, lO5
asked; Alabama Midland per cent IN
dorsed. So bid, 90 asked; Brunswick and
Western Is, 70 bid. 77is asked; South
Bound Railway IS, - bid, IS asked; Geor-
gia and Alabama first preferred IS, l02 bid
103 asked; Georgia and Alabama cons. So
81 bid 80 asked; Eatonton Branch, S. bid
S7i4 asked; Central of Georgia, Middle
Georgia and Atlantic division 5s, Tl5 bid
50 asked.
Railroad Stocks-Augusta and Savannah
90 bid, 90 asked; Georgia common, 10
bid, $50 asked; Southwestern, 81 bid. "
asked: Atlanta and West Point stock.
1903 bid 1914 asked: Atlanta and West
Point 6 per cent certificates. 1903 bid, 100
asked; Savannah Construction Company
G. bid, Al asked.
Gas Savannah GEES Light stocks
% bid, % asked Electric Light and Power
Company. "A bid, n asked.
Bank Stocks. Etc.-Citzens Bank, 1903
bid. 10 asked Chatham Bank, 4S
bid 40 asked: Germania Bank 1903
bid, 40 asked National Bank of Savon-
nah, 125 bid, 1876 asked Merchants National
Bank, 81 bid, 50 asked. Oglethorpe Saw
ings and Trust Company, l05 bid, 100
asked; Southern Bank of the State or
Georgia, - bid. 1888 asked: SavunuaE
BANK ana trust company, iUl11 ulA, WA
asked Chatham Real Estate and I'M
provemont Company, A, SO bid. So askeds
B, 5i1A bid, 55 asked; Peoples Savings and
Loan Company 95 bid. 81 asked, ex-div
Factory Bonds.--Augusta Factory iG1
bid 102 asked: Eagle and Phenx Manu-
featuring Company, per cent bonds, "
bid 40 asked Sibley Manufacturing Com
pany. 6s. 100 bid 1902 asked.
Factory Stocks-Augusta Factory, 81
nfJ TX actyed. C.FapIfavllIn Factory 1l5 hid
l5l asked Langley Factory, 10i bid, 1Of
asked; Enterprise Factory, common, %
bid 96 asked; j. r. King Manufacturing
Company, 104 bid los asked; Sibley Manu-
featuring Company. 70 bid, 76 asked Sa-
vannah Brewing Company, 90 bid, % asked
New York, March 1S.-Money on calf
was easy at 1iaGlA per cent; the last loan
was az ~ per cent. Prime mercantile pa
per, 4ikG5is per cent Sterling exchanges
was steady, with actual business In bank
ers bills at s4SS%Gi4a for demand, and
at S4s0sf for GO days. Posted rates, &Sliz
GAS2k and $4.s4i5a4.S5Ih. Commercial
bills, MS0MAs0A Silver certificates. 500
55s4c Bar silver. 55c. Mexican dollarss
45c Government bonds were weak. State
bonds we're dun Railroad bonds were
weak.
New York, March 1s.-The Evening
Posts London financial cable says Tho
stock markets here were idle and features
less to-day with a bulish inclination.
Americans opened dull, but became better
on ostentatious buying by an Americans
house, gave way later on American SELL
ing and closed weak. The report OF tho
naval board OF inquiry OF the Maine dis
aster Is anxiousy awaited Spanish As
were x lower. New York Ii said here
TO be specializing considerably In that
stock. The Chinese loans prospectus is
out. The details are as already cabled,
but an important point 20 note is that the
entire loan has TO be paid up as early as
May 3. This doubtless indicates the pay
ment to Japan on May of the entire ball
ance Of the indemnity of f12.000,000 The
ease of the London money market was In
creased to-day by the relase of 100000 OF
japanese money from the Bank of Eng
land"
New York, March 1s.-To-day's stock
market huctuated over quite "A wide ex-
treme, first upward and then downward.
and with later recovery above the early
high point. But IL Is noticeable that tho
days net changes, although mostly on
the sides of gains, were not very large.
The extreme dizziness was a feature. This
and the character of the rumors which
affected the market indicated the manip-
ulation OF small professional traders,
whose existence depends upon a move-
ment or prices whether up or down.
day and was significant of the nervous
waiting attitude of the speculative world.
This rally was effected on detailed rumors
as to what had been taking place at the
meeting OF the cabinet In Washington.
Compromise with Spain over Cuba was
the burden of this rumor, accompanied by
the Information that Spain was perfectly
willing 10 grant everything on the sole
condition that her flag remains i'm Cuba.
The professional short sellers fastened
10 cover open contracts on the strength
Of this report and another TO the effect
that a distinguished officer of high rank
In the United States navy had expressed
the opinion that the Maine was destroyed
by an internal explosion due to an acci-
dent.
Business in the furry caused by Theses
rumors was more active than at any time
during the day, but was not on an unus-
ualy large scale, especially con-
sidering the wide movement
of prices. Neither was the rail-
ly well held, the reaction touching practi-
cally all stocks and amounting to a sub
stantial fraction In many cases. AS for
the opening squirt, il was largely assist
ed by the buoyancy of the local traction
stocks, based on the reported offer OF the
rapid transit commission for an extensions
OF the elevated system.
Manhattan more than recovered its
dividend on the first quotation on the
strength of this and Metropolitan jumped
"a points The subsequent movement
downward was equally conspicuous in
these stocks and other specIalties. The
heaviness and dullness were without the
slightest interruption after the opening
squirt up 10 the recovery In the last hour.
The relapse In Spanish tours in London
and Paris was not reassuring. Notwlth-
standing yesterdays slight hardening in
the rates Of exchange and the distinctly
easier tone in to-day's money market,
further gold to the amount of $900,00o
was engaged for import to-day,
The bond market showed weakness IN
the early dealings and a firmer tendency
al the close. Total sales amounted to
81, 100000
United States new As and the old As.
coupon. were Y lower, and the old As, reg
ular, Y lower bid
The total sales of stocks were 10000
shares. including Chicago Burlington and
Quincy, 2,7G0; Louisville and Nashville.
1850; Manhattan. ex-div., % 005; Metropolis
tan Street Railway. 1S175; New York
Central, 6493; Northern Pacific, 1885, do
preferred. 1875; Rock Island. 9.2s5: at.
Tat A