The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-21

asked; Georgia common. 1872 bid 1893 asked;
Savannah Coma ruction Company, 50 bid'
81 asked.
Gas Stocks-Savannah Gas Light stock,
22l4 bid, % asked; Electric Light and Pow
er Company, 70 BID, 20 asked
Bank Stocks, Etc.-Citizens Bank. llOA
bid, Ill asked; Chatham Bank, Asa bid,
1912 asked; Germania Bank. 11Ol2 bid, lll1a
asked; National Bank of Savannah, Us
bid. l26 asked; Merchants National Bank,
IS bid, $40 asked; Oglethorpe Savings
and Trust Company, los bid, 107 asked;
Southern Bank of the State of Georgia,
$50 bid. 1872 asked; Savannah Bank and
Trust Company, lO2 bid. 1OS asked; Chat
ham Real Estate and Improvement Com
pany, A. 55lA bid, Sc asked; b, SO bid, 5532
asked; Peoples Savings and Loan Compa-
ny, 80 bid, SO asked.
Factory Bonds - Augusta Factory, 100
bid, LOG asked; S.bley Manufacturing Com
pany Is, 100 bid 102 asked.
Factory Stocks-Augusta Factory, IS
bid, 65 asked Graniteville Factory, 14O bid,
l45 asked Langley Factory, 100 bid. 101
asked; Enterprise Factory, common, 80
bid, "a asked; j. r. King Manufacturing
Company, 100 bid 101 asked; Sibley Manu-
featuring Company, 70 bid. rs asked; Sa-
vannah Brewing Company, 80 bid, 10l
asked.
New York. Sept. 2O.-Money on call was
firm al 4d612 per cent; the last loan was
at per cent. Prime mercantile paper, "a
5 per cent. Sterling exchange heavy with
actual business in bankers bills at SASSY
@4S4 for demand and at $4S1&@4S2 for
sixty days; posted rates, $4.SSG4 SS12 and
$4.S5d4S51s. Commercial bills, $4.S014q4S1.
Silver certificates 61G62c. Bar silver, Gle.
Mexican dollars 473sc. government bonds
were weak.
New York, Sept 2O.-The stock market
to-day presented all the characteristics of
genuine reaction. Last weeks sharp re-
covery eliminated the short interests very
largely and the forced liquidation of prof
its had been mostly completed during the
previous continued decline The market
was thus freed to a great extent from
technical influences and in condition to re-
spond to the prospects for general bust
ness In the country. Its failure to do so
yesterday was attributed TO the unsettIing
influences of the slump in Sugar. The
bears were evidently timid about continu-
ing their campaign further against Sugar
and were inclined to cover, so that this
influence toward reaction was removed.
Nevertheless the market dropped heav-
lily toward lower basis, with one or two
exceptions in the list and closed only
barely steady at a level generally 1 per
cent. or more below last nights level
The demand for stocks was very small
all day and prices went down easily un-
der comparatively light offerings. Weak
ness was particularly manifest in Tobac-
co, the Changers and Pacifics and the
sharpest break in the market was coinci-
dent of the marking up of call loans to
per cent.
This furry In the money market was a
disappointment to bull operators, espe-
cially in view of the engagement of over
81, 900 900 In gold for import and mailing
from the treasury department yesterday of
checks for interest on registered per
cent. bonds due Oct l, amounting to $4,-
10000, which are payable Immediately.
The sub-treasury's debit balance at the
clearing house also ran up to-day to ST.
261, ass. rejecting large increase in gov
eminent expenditures. Call money in
London is Y per cent. against 6 per cent.
here to-day. London discount is Ia to 1B
against per cent here.
Dealings in bonds were not on a large
scale to-day, and prices were toward
lower level Total sales amounted to
$1,810000. United States As, old and new,
were a lower in the bid price to-day.
The total sales of stocks to-day were
452, 100 shares, including Chicago. Burling-
ton and Quincy, 14,725; Manhattan 10, 1855;
Northern Pacific, 42,325; Northern Pacific
preferred, 1914; Rock Island, 17.275; Union
Pacific, 1885; st. Paul, 28130; Union Pa
cific preferred, S6,495; American Tobacco,
22,150; Chicago Great Western, 9,120; Peo-
pies Gas, 11,s10; Sugar. 122,3OO; Leather,
preferred, 1855.
New York Closing Stocks.
Atchison ....... 1878 do pref ....156
do pref ....... 34hfSt. p. & ON. -. S0A
Bait. & Ohio :. 1875 do do pf .......159
Can. Pacific -. S61alSt. P. NJ & NJ. .165
Can. South. go. 52A So. Pacific ... 221s
Cen. Pacific -. 2SA So. Railway .... S%
Ches. & Ohio :. 221a do pref ........ 1874