The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-28
PAGES 8 TO 10.


first mortgage per cent. bonds, 100 bid
102 asked; Alabama Midland per cent in
dorsed, 92is bid. S3l2 asked; Brunswick AMI
Western Is, 73 bid, Is asked; South Bound
Railway IS, 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 5s SO bid 81 asked.
Railroad Stocks Augusta and Savan-
nah. 1914 bid, 100l5 asked Southwestern,
100 bid l0l asked; Atlanta and West
Point stock, 10 bid, l12 asked; Atlanta and
West Point 6 per cent certificates, 1903
bid. lOi asked; Georgia common. 1876 bid,
l97 asked
Gas stocks-savannah Gas Light stock,
~ pid % asked; Electric Light and Pow
er Company. Is bid, 76 asked
Bank Stocks Etc.-Citizens Bank. 11On
bid, 1lOA asked; Chatham Bank, IS bid.
iSla asked; Germania Bank, 1l0jb bid ill.,
asked National Bank Of Savannah. 1926
bid 127 asked; Merchants National Bank,
81 bid, SO asked; Oglethorpe Savings
and Trust Company 105 bid, 1O7 asked:
Southern Bank of the State of Georgia.
lSO9a bid, 1872 asked; Savannah Bank and
Trust Company, 1903 bid 104 asked;
Chatham Real Estate and Improvement
Company, A, 55Ia bid. Sc asked; b, So bid,
5oA asked; Peoples Savings and Loan
Company. 92la bid, 93h asked
Factory Bonds-Augueta Factory. 1o5
bid. JOG asked; Sibley Manufacturing Com
pany Is, 100 bid 102 asked; Eagle and Phe-
nix Mills per cent. bonds, due 1925 101
bid. 102 asked
Factory Stocks-Augusta Factory. So
bid. Go asked; Graniteviile Factory 40 LID.
li5 asked; Langley Factory, 100 bid 1Oi
asked; Enterprise Factory, common 90
bid, 81 asked; j. r. King Manufacturing
Company, $50 bid. 101 asked 'SIbley Manu-
featuring Company. 70 bid, rs asked Sa-
vannah Brewing Company, 1Ol bid. 1903
asked
New York, Oct. &.-Money on call was
steady az 1AM2 per cent; the last loan
was az ia per cent. Prime mercantile pa
per, 3A@4A per cent. Sterling exchange
heavy, with actual business in bankers
bills at A.S5AG4S5h for demand, and at
AS-i4Q4S21s for 60 days; posted rates,
$3.50 and $4S6laQ4.a. Commercial bills,
N,8l@4.8lA. Silver certificates, 60lp6llsc
bar silver, 60Ae; Mexican dollars, 47lAc.
Government bonds weak; state bonds in
active; railroad bonds strong.
New York, oct. H.-The stock market
showed a continuation of yesterdays
strength to-day, and the speculative ac-
tivity broadened out considerably In addi-
ton There was not quite such a con-
gesiion of trading in Tobacco and Sugar,
although these stocks continued TO be the
leaders in point Of activity. There were
traded in nearly all day at level below
yesterdays close, although each stock adj
vanced slightly above yesterdays price for
brief interval. The covering OF shorts,
which caused yesterdays rise In Sugar,
| left that stock weak again, and the ex-
| treme decline from the high point was
| IA. rally at the close leaves the net
| loss IL. Tobacco was under pressure on
| the superstition that the recently incor-
porated company Is destined TO be a pow
| erful competitor. and on denials Of access
| sions to the American company Of outside
| plug tobacco companies. The stock was
| at one time off 2A, but closed with a
| small net gain. In railroad securities the
| continued dullness on foreign exchange
| was without effect. There was a large
demand for quite an extensive lot of rail-
road stocks, the Changers leading, with
pretty much all the Western and South
western roads showing a good tone The
Eastern trunk lines continued 20 lag ON
account of the admittedly bad rate situa-
ton in that territory, which nullifies the
benefit Of the exceptionally large tonnage
which Is being moved. st. Paul was the
leader in the railroad list, and the move
ment OF the stock was supposed to fore
| shadow a good September statement due
| tomorrow. The gross increase of that pc
| Rod of earnings ls known to be well in
toward 900, and it Is surmised that
the statement will show a reduction In the
recent heavy rates Of exporters, and for
| improvements charged TO operating ex-
penses. The September statement Of the
| Union Pacific while showing a decrease
| OF over S44 900 in gross earnings showed
operating expenses so largely reduced az
| to leave an increase In surplus earnings
| OF $ll2,556. The delayed movement of cot
ton now coming forward and the decrease
| of yellow fever foreshadows good earn
| ings for Southern and Southwestern rail-
roads The easier tone to-day of sterling
exchange was the direct result of the
| calmer feeling in Paris.
There was heavy demand for ster-
| ling exchange here yesterday for Paris
account, which sprung from the same
cause as that which lifted exchange on
London In Paris above the gold export
point namely, the pressure of transfer
funds from Paris TO London. IT is now
known also that the violent recovery in
British consuls was partly due to buying
| for account of tirnid Paris capital be-
cause of domestic disquet, and not alto
gether to the relief Of the Anglo French
tension over Fashoda
There was a good ABSORPTION of rail-
road bonds to-day and prices are gener-
ally higher. Total sales, SO, $780, 900. United
States new As, coupons, declined u; do
| registered, -; while the 3's, registered adj
vanced Is in bid price.
The total sales of stocks to-day were
357 200 including 9,S0S Atchison preferred;
| 1915 Chicago Burlington and Quiacy; o.
357 Louisville and Nashville; 1O,35S North
ern Pacific; 1875 st. PAUL. IS 40 Union
Pacific preferred; 5000 Tobacco; 5,445 Peo-
pies Gas; 1920 Sugar; 12.20s Rubber.
New York Closing Stocks.
Atchison ...,.... 12slIst l.. & S. F.. TX
do pref ....... S6 do do pf ........ 62at
| Bait. Ohio "A do do % pf 80. 29Es
| Can Pacific :. 81ss ST. L. & s. W. 81
Can. Southern. 50 do do of ....... 1917
Cen. Pacific -. % st. Paul ....... lO9ss
! Ches. & Ohio =. 21% do pref ...... 1852
/ Chi & Alton ..153 St p & Om. 81
| C., 3. g. ....ll6#i do do pf $50. 160
| Chi. & f. Ill. 5Sls ST. p. NJ. & NJ 1853
do pref .......104ik So. Pacific ...... 22K
! Chi G. w. 49,. las So. Railway 80. S%
Chi, Ind. & L.. do pref $50. 3ljS
do do pr 49,. q Texas Pacific 1874
| Chi & N. W. ..13l12. mon Pacific . $685.
do pref. ......176 DO pref ...... g.
c. c. c. & St.L. 1919 U. p. d. & c.. 5ss
| do do pf ...... s. Wabash ........ ~
q Il