The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-25

Central of Georgia Railway third
preferred incomes. 48t bid 50 asked;
Georgia Railroad 6s 1910, is bid, III asked
Charlotte, Columbia and augusta first IS,
Jos bid 1O7 asked; Charlotte Columbia and
Augusta second mortgage Is. III bid, lis
asked; Georgia Southern and Florida new
IS 1861 bid, l07 asked; South Georgia and
Florida first mortgage Is, 102ls bid, 1879
asked: South Georgia and Florida second
mortgage Is, 1922 bid, 1872 asked; Ocean
Steamship per cent. bonds, 1926, 1919 Did.
IO5lb asked; City and Suburban Railroad
first mortgage 6 per cent. bonds, 100 bid,
102 asked; Alabama Midland per cent, in
lorsed 92i5 bid. 1872 asked; Brunswick and
Western As. 70 bid, rs asked; South Bound
Railway 5s S0ja bid SO asked; Georgia and
Alabama first preferred 5s, 1903 bid, l4 ask
ed: Georgia and Alabama cons. 5s, 80 bid,
81 asked EatontOn branch. 30 bid, 81 asked:
Central of Georgia, Middle Georgia aud
Atlantic division 5s, S2l5 bid, S3lz asked.
Railroad Stocks Augusta and Savan-
nah 99i5 bid, 1902 asked; Southwestern.
9s9t bid, 101 asked; Atlanta and West
Point stock, 10 bid 112 asked; Atlanta and
West Point 6 per cent certificates, lO352
bid, 104la asked; Georgia common, 1875 bid,
1877 asked
Gas Stocks-savannah Gas Light stock.
q bid, q asked, Electric Light and Pow
er Company, 70 bid. 751a asked.
Bank Stocks, Etc.-Citizens Bank, 11OA
bid, 1903 asked: Chatham Bank, IS bid,
4s1h asked Germania Bank. 1lO1a bid. lllh
asked National Bank of Savannah, 126
bid 127 asked; Merchants National Bank.
81 bid, Sc asked: Oglethorpe Savings
and Trust Company. 1915 bid, 107 asked;
Southern Bank of the State of Georgia,
1904 bid. 1872 asked; Savannah Bank and
Trust Company. 103 bid 104 asked;
Chatham Real Estate and Improvement
Company, A. 55i5 bid, 56 asked; B. 80 bid,
551s asked; Peoples Savings and loan
Company. 921s bid, 9Sh asked.
Factory Bonds-Augusta Factory, 1o6
bid 106 asked; Sibley Manufacturing Com
pany, IS, 100 bid, 1O2 asked.
Factory Stocks-Augusta Factory, 50
bid, 65 asked; Graniteville Factory, 14O lid,
Jas asked; Langley Factory, 100 bid, lOl
asked Enterprise Factory. common, 80
bid "a asked; j. r. King Manufacturing
Company. 100 bid, 101 asked; Sibley Manu-
featuring Company. 20 bid, rs asked; Sa-
vannah Brewing Company, lM bid, lOS
asked.
New York. Oct 24.-Money on call was
easy at 11kd2 per; cent; the last loan was
at per cent. Prime mercantile paper,
sAd4 per cent. Sterling exchange strong
with actual business In bankers bills al
81. S5%64S6 for demand and at $4S2AqtSS
for 60 days. Posted rates, &S3a4 S6g4 -S63a.
Commercial bills at A.S1. Silver cerua-
Gates OO3iOlNs 4odt SiANNts WIZ NAtAASe.hA
dollars, 4714c. Government bonds were
easier; state bonds were firm; railroad
bonds were weak.
New York, Oct. 24-The burden Of sell
ing the stocks for foreign account, grow
ing out of the stringency for money
abroad, and the threatening outlook of the
European situation coupled with the ef-
feet of the Supreme Court decision
against the legality of the Joint Traffic
Association, proved too much for the
stock market to carry and prices of most
of the active stocks are between 81 and 81
a share lower tonight than they were
Saturday. There was quite an active mar
ket in the first hour of trading and fair
volume of commission house orders were
expected, which had come in response to
the encouraging three days advance of
last week.
The selling for London account was
feature from the start, but prices were
well sustained in the early dealings. The
professional traders soon detected evil
dences of realizing on the part of interests
which were the large buyers last week,
aud they promptly bid prices down in or
der to take the market away from these.
Londons liquidation was on a very large
scale, sales for the account being esti-
mated at $1,000 shares, and gave the lbears
the needed backing for their success. Oper-
atoms for the long account were almost
wholly relnquished and when the joint
traffic decision was announced the prices
crumbled away before the attack of the
bears without much resistance. There
was sufficient covering at the close. how
ever, 20 cause some sharp fractional rail-
lies The principal weakness on the joint
traffic decision showed itself rather incon-
sistently among the grangers. The trunk
lines On the other hand we're not markedly
affected.
The selling Of stocks for foreign account
was reflected in violent upward move
ment of sterling exchange, the actual rates
rising fully Y cents for the pound. The
continental exchanges on London were at
the same time rising quite sharply and
the open market discount rate in London
showed a hardening tendency. All of this
was in line with the active war prepara-
lions reported from London and showed
the effort of the British financial center
TO call home its outstanding money re-
sources.
Not having any outstanding credits on
balances against the United States, Lon
don sold our securities freely with the
same result. The midday reaction in the
foreign wheat markets was The only fea-
ture of the day that did not point to
threatening Developments, and the later
recovery and the continued large demand
in American markets for export counter
acted this.
Inc malipulatiNe rise IN TOBACCO con-
tinued and helped to sustain the price of
Sugar.
The bond market was active to a de-
gree and weakened in sympathy with
stocks although the New York money
market continued easy, in spite of
strngency abroad. Total sales were So
10000 Government bonds were unchang-
ed
The total sales of stocks were 800 900
shares, including 4005O Atchison prefer
red 26, $50 Chicago, Burlington and Quin-
cy; 9,572 Louisville and Nashville; 1887
Manhattan; 1868 Northern Pacific; 1925
Rock Island; SO,S0l St. Paul; 1854; I'm
ion Pacific preferred; 7,15l Union Pacific
Denver and Gulf; $3.50 American Tobac-
co; 10000 Sugar; 4,l75 Chicago Great Wes-
tern.
New York Closing Stocks
Atchison ....... 1898 do pref. .".. 65
do pref ....... S45s Rock Island -. .lOlh
Bait. & Ohio e.. 1855 St L. & S F.. ~
Can. Pacific see. so do do pr ...... 62L
Can. Southern. 50 do do I'd pf -. 29It
Cen. Pacific &C.. 54h St l.. & S. W.. as,
Ches. & Ohio =. 20a4 do DO of -. III
Chi. & Alton. .154 St Paul .......lO7i[
Chi b. & q. ..1l47s do pref - 16OL