The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-11-05


pany Is. 100 bid. 1O2 asked; Eagle and Phe
nix Mills per cent. bonds, due 1928. i0l
bid. 102 asked.
Factory Stocks-Augusta Factory, s.
bid, 65 asked: Graniteville Factory, 40 lid
145 asked: Langley Factory, 100 bid. 10
asked; Enterprise Factory, common, g
bid, 81 asked J. r, King Manufacturing
Company, 100 bid. 10l asked; Sibley Manu-
featuring Company. 20 bid. 76 asked; sa-
vannah Brewing Company, l0l bid. 10;
asked.
New York, Nov. Mooney on call wa:
easy at 1l2Q2 per cent; the last loan was
at ? per cent. Prime mercantile paper
3t4G4A per cent Sterling exchange easier
with actual business in bankers bills al
$f.S52@4.S6 for demand, and at $iS234q4S
for sixty days. Posted rates. SiS5l204S7
Commercial bills S.Sl%. Sisver cer,ih-
Gates 6llSd6l%c. Bar silver, 6llsc. Next
can dollars. 47i6c. Government bonds
strong; state bonds strong; railroad bonds
strong
New York. Nov 1.-The total bank
clearings in the United states for the
week were 81. 462, 7iS .69S; per cent. increase.
2e.2; exclusive of New York, 1888, go, sS3
Per cent increase. 100
New York. Nov. 4.-There was some
flutter among the shorts in Sugar this
morning, on the report that the American
company had acquired the entire Hawaii
an crop Operators who had been selling
tse stock on the benevolent intimations
of an authority in the Hawaiian sugar in
dustry, of the loss involved in the present
rate for selling refined sugar, FASTENED to
cover their short contracts and rushed the
prices up IA points. The prices was sus-
tanned with difficulty, which increased as
the day progressed, so that the stock clos
ed with a net loss. in spite of the dissent
nation of the rumors, that the company
was in a way to secure the Louisiana
crop also.
Tobacco also, although il rose In the
early trading, dropped over points he
fore the close which was at net decline
of 2d3 points. The trading in the special
ties was hardly as active as of late, and
the Federal Steel stocks were also rather
neglected, and inclined to heaviness. In
the railroad list there were various points
of aggressive strength, and a broadening
tendency. The division of business is
somewhat equalzed by the falling off in
activity in the Changers and Pacific. espe-
cially the latter. the preferred stocks of
which did not offer a single quotation
until some time after the opening of the
exchange. on the other hand there was
a notable increase of activity in Denver
and Rio Grande preferred which rose over
point on the strength Of the continued
increase in earnings, which was over $685.
S12O, 700 for the month. The Southern roads
were quite uniformly strong also. notable
gains being registered by Louisville on be-
lief Of an early resumption of dividends,
and Southern Railway preferred, and Mo
bile and Ohio on good traffic returns.
There were excellent statements of earn
ings for the fourth week in October, also
from Wisconsin Central, Norfolk and
Western, Chesap eake and Ohio. Missouri
Darf6r Tolro
Erie and Western and other railroads, and
a strong statement for September from
Cleveland, Cincinnati and St. Louis The
comparative hesitation In the Changers
was largely due to the Rock Island state
ment for September, which showed the
increase of $64.3s1 in gross earnings more
than wiped out by increased operating ex-
penses, so as to show a decrease in net
earnings of over 500 COO The decision to
dissolve the joint traffic association was
without effect, that action having been
discounted as a matter of course.
The bond market showed a large de-
Tnaud. embracing a wide variety of issues,
the per cent. bonds Of reorganized roads
continuing the favorites. The Union Pa
cific IS took front rank in this class to-
day. crossing the Northern Pacific prior
liens and closing at 101ls.
Total sales amounted to a. 10000
United States SIS, coupon, advanced Il
and the new As. registered, Is in the bid
price.
The sales of stocks were 255, 400 shares.
including 6.3sl Atchison, preferred; 9145
Rio Grande preferred; 9,210 Chicago, Bur
lington and Quincy, 22.15O Louisville and
Nashville; 11,4s9 Metropolitan; 1926 Rock
Island; 5000 St. Paul; 5.714 Southern pre-
ferred; N,340 American Tobacco; IS. 345 Bay
State Gas; 1887 Federal Steel preferred;
1888 Sugar.