The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-08-13

Western As, 70 bid 70 asked: South
Bound Railway 5s, 20 bid, u asked; Geor-
gia and Alabama first preferred 5s 103 lid
1O4 asked; Georgia and Alabama cons. So,
90 bid 81 asked; Eatonton branch, SO bid
81 asked; Central of Georgia Middle
Georgia and Atlantic division 5s, 81 bid,
Railroad stocks-Augusta and savan-
nah 81 bid, IS asked ex-dtv. !:
Southwestern, 9S bid, 80 asked; ex-
div; Atlanta aud West Point
stock, 1O6 bid, 107 asked. ex-div.; Atlanta
and West Point per cent certificates. 1O3
bid, 1O4 asked, ex-interest; Georgia COM
mon, 191 bid 1872 asked Savannah Con-
struction Company, y bid. "A asked.
Gas Stocks-Savannah Gas light stock,
2214 bid % asked; Electric Light and
Power Company, II bid, 72la asked, ex div
Bank Stocks, Etc.-Citizens Bank 1l0A
Al bid, As asked, ex-div.
Germania Bank, 11O1a bid, 1l1h
asked, ex-div; National Bank of
Savannah 125 bid, 1926 asked, ex-dv.; Mer-
chants National Bank, SO bid, Si1a asked,
ex-div.; Oglethorpe Savings and Trust Co,
104 bid l05 asked, ex-div.; Southern Bank
of the State of Georgia, 100 bid, 1871 asked ;
ex-div.; Savannah Bank and Trust Com
pany, 102 bid. 103 asked, ex-div.' Chatham
Real Estate and improvement Company,
A, 551s bid, Sc asked; p, 54la bid. So asked ;
ex-div.; Peoples Savings and Loan Com
pany, SO bid, 81 asked.
Factory Bonds.-Augusta Factory, l05
bid JOG asked; Sibley Manufacturing Com
pany, IS. 100 bid. 102 asked.
Factory StCck.-Augusta Factory, So
bid, 65 asked Graniteville Factory, 40
bid, 145 asked; Langley Factory, 100 bid,
101 asked; Enterprise Factory, common,
20 bid "a asked; j. r. King Manufacturing
NCv1or
Manufacturing Company. 70 bid, &c asked !;
Savannah Brewing Company 95 bid. 100
asked. A..
New York, Aug p, 3 p. m.-Money on
call was easier at 11462 per cent; the last
loan was at ~ per cent. Prime mercantile
paper, 314@4H per cent. Sterling exchange
was firm, with actual business i'm bankers
bills at $4S51A6p4S594 for demand, and at
$4.S4d4.Sil4 for sixty days; posted rates,
$i.84la6l4.S5 and 4.S664 S615. Commercial
bills, 1873. Silver certificates. 5S% d5912c.
Bar silver, 59lac Mexican dollars, Acc.
Government bonds were heavy.
New York, Aug 12-There was some con-
tinuation to-day of yesterdays selling to
realize on the recent sustained advance
in stocks. The bears We're much more
aggressive and sold stocks with growing
confidence as the day progressed. The adj
vantage at the close was clearly with the
bear contingent, but the bulls were by no
means routed, and continued to absorb
their favorite stocks, which resisted the
decline quite firmly, but without overcom-
ing the general downward tendency. The
effects of last nights furry in call money
were still perceptible this morning when
call loans were made at per cent.
1t was expected that the cash absorbed
by the treasury on account of the govern
ment loan would in future be left on de-
post with national banks but govern
rrrttb nj re for
reason, have not kept pace with the
treasury's absorption of cash on bond ac-
count.
The money rate eased off during the
day and closed at nc bid. The bears by
that time were forced to seek other ma
terial for their campaign. The persistent
weakness of Manhattan all day, on re-
ports of decreased earnings, was factor
in their favor. Prices Of stocks harden
ed very perceptibly during the middle por-
ton of the day after the fears Of tight
money had somewhat subsidized. The bulls
took hold of low-priced railroad stocks
and bid up Northern Pacific and Union
Pacific over a point.
The bears final raid in the last hour wa 9
centered on Louisville and Nashville, in
connection with the statements Of earn
ings for the first week in August show
ing a decrease Of over $4,000 There was
a private" telegram from Chicago in cir
culation reporting yellow fever in Texas
and Alabama.
Louisville and Nashville dropped points
below last night on this onslaught The
market reacted all around and the close
was near the low point Of the reaction.
Net changes were very irregular, quite a
number of the low-priced stocks showing
sharp gains
There was a marked falling off In the
business in bonds under a yielding tend
ency Of prices. Total sales. $1,000
United States new As registered ana the
old As coupon declined 4 in the bid prices
New York Closing stocks.
Atchison -. =. 10 do pref. ......154
do pref. ....... IS st. =. K ON. :. S33s
Bait. & Ohio .. 16 do do pref LEA
Can. Pacific .... SO st. F., NJ. & M.161A
Can. Southern .. 5334 So. P-cihc ..... q
Cent. Pacific .. II So. Railway 49,. 9S
Ches & Ohio O.. 245kl do pref. ........ 1874
Chi. e. Alton ..159 Texas & Pacific. 1874
c., y. & Q. .....u4 u. Pa. pref .... 63h
Chi. e. f. III. =. 5sls u. r., d. a. g.. AZ
9. G. G. a. ST. L. Az Wabash 80. 80. "a
do do pref e. SGJ2 do pref ....... 1874
Del. & Hudson. .1O7iA Wheel. & L. E.. IA
Del, l.. a. w. ..1JO do do pref. .. 12A
Den. & Rio c.. 1885, Adams Elk. .....103
do pref. . 517sIAmercan Eek 13z
Erie new ... 1874 United States Eek Al
do LIST pref. e. 357s Wells Fargo Ex.119
FIT. Wayne ....172 "a. Cot. Oil -. 27ss
O.. Nor. pref. ..13Ohl do pref ....... So
Hook Valley .. Am. Spirits 49,. 127,
III. Central lies do pref. ........ BIZ
Lake e. & w. IS Am. Tobacco 1911
do do pref o. 70 DO pref. .......l25
Lake Shore ...192 Peoples Gas ...l00il
j.. & n. ......... 80 Con. Gas 1881
Manhattan l. ..l083s Com. cable Co 10
Met. ST. Ry. .l57MICol +. & Iron. 22j
Mich. Central .1OslI do do pref . Is
MINI. & st. L. 28k Gen. Electric .. 40st
do do Isl pref s9i5 I'm. Steel ........ 60ls
Mo. Pacific ... 37lAl LaClede Gas -. %
Mobile e. Ohio. 27e, Lead boz. mann. &c
M X a. n frfif 40 uref ~