The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-05-10


1915, JIG bid ll7ls asked Georgia 4 per
cent, due 1926 liz bid. asked. so,,.L
Carolina as lOs bid. 10 asked. '"
City Bonds-Atianta per cent 1os h,s
- asked; Augusta as. 1926 los ia ~.
asked; Augusta per cent. 10 btd ~, 10
asked; Augusta per cent. u2 Ma ~ ~
asked: Columbus per cent. 1884, hid ,o.1 10
asked: Macon per cent, l16 bid ~ 10
ed; Macon 4As, 1895. 1903 bid los aslre,,. :
vannah per cent. quarterly JuIt oSs.
pons. 10 bid. 1l0A asked: Sayannsk
per cent, quarterly August counona %
bid. ITO asked; charleston As. sssa bid, 9iis
asked. 's
Railroad Bonds-Savannah Floriaa -
Western Railroad general MORTGAGE bo osau
6 per cent interest coupons III IA ~
asked; Savannah, Florida ana Westarn
first mortgage per cent. gold boyl5s -
1924 10i bid, 100 asked. Central Rai,r eus
and Banking Company collateral - ~
bid, IS asked; Central of Ceorsts -, %
road first mortgage 5s. 5O-year gold borls
ZIG bid III asked; Central of Georgia PaI1'
way first consolidated mortgage IS. S7ib nIa
y asked; central of Georgia Railway firsr
preferred incomes. 40la bid, 4lIb asked 60
trail of Georgia Railway second preferred
incomes, Ii bid, 14% asked: cen.
trail of Georgia Railway thtra
preferred incomes, bid. 7 asked.
Georgia Railroad 6s 1910. ll2 DID, ia asked,
Charlotte, Columbia and Augusta first 5s
nd
Augusta second mortgage Is JIG bid. III
asked; Georgia Southern and Florida new
IS, 10l bid, 10lia asked South Georgia and
Florida first mortgage Is fO2ib bid 1O3i5
asked; South Georgia and Florida second
mortgage Is, 103 bid l04 asked: Ocean
Steamship per cent. bonds. 1926, 102lh bid
l05 asked city and Suburban Railroad
first mortgage per cent. bonds, 100 bid 1913
asked; Alabama Midland 5 per cent IN
dorsed, 81 bid, So asked; Brunswick and
Western Is. 70 bid. IS asked South
Bound Railway 5s 70 bid, rs asked, Geor-
gia and Alabama first preferred IS, 102 bid,
l0S asked Georgia and Alabama cons IS,
IS bid, SO asked; Eatonton Branch so bid,
STA asked; Central of Georgia. Middle
Georgia and Atlantic division IS. 76 bid, 20
asked.
Railroad stooks-Augusta aad savan-
nah, 80 bid. 9S asked; Southwestern. %
bid % asked; Atlanta and West Point
stock 1N bid. 10ila asked; Atlanta and
West Point per cent. certificates 1903 bid
10i asked; Georgia common, 175 bid, 1870
asked Savannah Construction Company,
65 bid, go asked.
Gas Stocks-Savannah Gas Light stock
coz bid 21ia asked; Electric Light and
Power Company, 72A bid TAN asked.
Bank Stocks, Etc.-Ctizens Bank 100
bid 10 asked; Chatham Bank 46 bid, 47lA
asked: Germanla Bank, 100 bid, 10 asked;
National Bank of Savannah. l25 bid, 12e
afktus merchants NATIONAL BANK, ~ bid,
$40 asked; Oglethorpe Savings and Trust
Company. 1906 bid. lO6 asked Southern
Bank of the State of Georgia, 100 bid 1876
| asked; Savannah Bank and Trust Compa-
ny, 1914 bid, 1924 asked; Chatham Real
Estate and improvement Company, A, "a
bid 55A asked; b, 5SA bid 54A asked: Peo-
pies Savings and Loan Company, "a bid,
| 95lh asked.
Factory Bonds-Augusta Factory, 101
| bid 1902 asked; Eagle and Phoenix Manu-
| featuring Company 8 per cent. bonds. 80
bid, 40 asked; Sibley Manufacturing Com
| pany, 6s 100 bid 1902 asked.
Factory Stocks-Augusta Factory, s.
bid. rs asked Grenitevile Factory. 145
bid, ISL asked; Langley Factory. 10l bid.
| 1Oi asked Enterprise Factory, common.
90 bid, 96 asked; j. II. King Manufacture
ing Company 10i bid, 105 asked; Sibley
Manufacturing Company. 70 bid. 76 asked;
| Savannah Brewing Company, 90 bid 90
! asked
/ New York. May o. p. m.-Money on
! call was steady at ~ per cent; primo
mercantile paper, 647 per cent. Sterling
| exchange was firm, with actual business
i'm bankers bills, at A.8fAGf4.S5 for de-
| mand and at $4811km4S1A for sixty days.
| Posted rates, S4.s2a4s515; commercial bills.
$i.S0Ql8O1a. Silver certificates, 5edJ6s4c;
bar silver, 56ikc; Mexican dollars. 45e.
! Government bonds were strong; state
tonds were dull; railroad bonds were
strong.
New York May s-~The Evening POSTS
london financial cablegram says: The
stock markets here opened dun to-day but
rapidly improved. The recovery was led
by marked Improvement in foreign
bourses, notably IN Paris. A rumor spread
that Spain was asking the Powers to in
tervene. Nothing definite was known, but
the buying was 50 good and general that
color was given to the report
Int 10.
IN which the business was unusually
heavy. The firm prices in New York in
/ duced reaiizations here, which the arbit-
/ rage dealers readily absorbed Opera
/ tors have apparently made up their minds
! that the war will not Interfere withs
Americans, while the recognized rise in
wheat adds TO the spending power OF the
United States.
Spanish As opened al s0IS declined to
2924 but advanced rapidly 70 321s on COW
ering" by bear spectators in anticipation
of the coming Stock Exchange settlement.
| Their net gain for the day was "a points.
The advance was assisted by unconhrmed
rumors that money was In hand for the
| payment of the July coupon"
New York, May 9.-Probably to-day's
| stock market owed its frmness and at
some points its strength to the extraordi-
| nary course of prices in the wheat mar
| ket with May wheat selling IN this mar
| ket at $l.3O Dushel before the middle or
the month"; and with July options almost
| keeping pace with 1t, there Is assured
promise of abundant increase Of wealth
| for this country.
The outbreaks OF violence and Of blood
! shed in Italy and Spain on account Of the
| DEAFNESS of bread and the advancing price
for that necessity at other points in Eu-
| rope are only too convincing evidence that
| the high prices for wheat ore not due TO
| speculative manipulation. but to the urgent
! need Of foreign consumers.
With this demonstration Of the country's
| potential command of wealth, Il was nat
ural that prices of securities should con-
| tinue TO advance. But the market had to
| carry the burden of an extensive liquida-
| ton Of profits In many stocks and of large
| selling for foreign account. induced by the
| stiffness of money rates abroad.
The days business was the heaviest since
| last fan. the total sales Of all stocks reach
| iag 62O7GO shares. A feature of the day
| was the sharp advance Of nc In Sterling
| Not only the easier Tendency 1f