The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-04-17


incomes, Is bid, 1872 asked; Cen
trail of Georgia Railway third
| preferred incomes, bid, Z asked: :
Georgia Railroad IS, 1910, 112 bid, ia asked /;
Charlotte, Columbia and Augusta first 5s
loo bid, l0l asked; Charlotte, Columbia and
! augusta second mortgage Is, us bid, lie
asked; Georgia Southern and Florida new
2s, S91e bid, 1909 asked; South Georgia and
FLORIDA first mortgage Is, 1921 bid 1884,
asked; South Georgia and Florida second
mortgage rs, lO3 bid, 10i asked: Ocean
steamship per cent. bonds 1896 1O4 bid
los asked; City and Suburban Railroad
/ first mortgage per cent bonds, 100 bid 1Os
/ asked; Alabama Midland per cent. in
/ dorsed, 81 bid, IS asked; Brunswick ard
! Western As, rs bid, 771s asked; South
Bound Railway 5s, 70 bid, Is asked; Geor-
gla and Alabama first preferred IS, 101 bid
lOS asked; Georgia and Alabama cons. 5s
q bid, SO asked; Eatonton Branch, So bid
| NA asked; Central of Georgia. Middle
Georgia and Atlantic division 5s, IS bid, Is
asked.
Railroad Stocks-Augusta and Savan-
nah, 81 bid, 92l5 asked; Georgia common,
! 10 bid, $50 asked: Southwestern. 90IA bid
9lla asked; Atlanta and West Point stock
! 1882 bid, 1912 asked; Atlanta and West
Point 6 per cent certificates, 1903 bid, 1O4
asked; Savannah Construction Company,
"a bid. &c asked
Gas Stocks-Savannah Gas Light stock.
20ls bid, 2l1a asked; Electric Light and
Power Company 741a bid, 75iA asked.
Bank Stocks, Etc.-Citizens Bank. 109
| bid. 10 asked; Chatham Bank, As bid, 40
asked; Germania Bank, 100 bid, ITO asked !;
National Bank of Savannah, 125 bid, 1876
asked; Merchants National Bank, 81 bid,
So asked; Oglethorpe Savings and Trust
| Company 105 bid, JOG asked; Southern
| Bank of the State of Georgia, - bid, lSS
| asked; Savannah Bank and Trust Compa-
ny, 1919 bid, 1929 asked Chatham Real
! Estate and Improvement Company, A, 80
bid, 56 asked; B, 541a bid, So asked; Peoples
| Savings and Loan Company, 90 bid, 81 ask
| ed.
Factory Bonds-Augusta Factory, 1O1
! bid 102 asked; Eagle and Phoenix Manu-
| featuring Company, per cent. bonds, 80
bid, 40 asked Sibley Manufacturing Com
pany, IS. 100 bid, 1O2 asked.
! Factory Stocks-Augusta Factory, IS
bid, 70 asked; Granitevile Factory, 145
bid Isl asked; Langley Factory, l01 bid
10i asked; Enterprise Factory, common,
90 bid, 96 asked; J. R. King Manufactur-
ing Company, 104 bid, 1O5 asked; Sibley
Manufacturing Company, 20 bid IS asked !;
Savannah Brewing Company, 80 bid, 80
asked.
New York April 16.-Money on call was
steady at per cent; the last loan was at
per cent. Prime mercantile paper, 51a
! per cent. Sterling exchange steady, with
actual business in bankers bills at $483A
! @4SSl3 for demand, and at $4.79q4S0 for
silky days. Posted rates $4SO1z@
! @4Sl, and S4S41a. Commercial bills, $4791a.
Silver certificates, 5534 6561ac. Bar silver,
557sc. Mexican dollars, 45Ac. State
bonds dull. Government bonds we're
weak.
New York, April 16-The weekly bank
statement shows the following changes:
! Surplus, reserve, increase 81, 309, 600; loans
| decrease, S697, 800; specie, increase, 81, 554-
| 400; legal tender, decrease, SO, 1874 200; de-
posts, decrease, $63l7, 800; circulation, in
crease, $55,60O. The banks now hold $37,-
37S,O75 in excess of the requirements CT
| the % per cent. rule.
New York, April 16.-The Evening Posts
| London financial cablegram says: pend
| ing the result Of the vote on the Cuban
resolution in the United States Senate, the
markets here are all duh and stupid with
the lower prices. Consols were to-day
| 1s9A lower. Americans were firm. 1a61
| lower with no business doing, the market
simply following Wall street Spanish As
were about 429. Gables from New York
report an impression in that market that
Americans are chiefly manipulated now
J from London. This must not be confused
/ >.
| such manipulation as exists in this mar
ket is on behalf of New York operators.
! The money market was easier to-day"
| New York, April 16.-The tone of to-day's
stock dealings, while dull and depressed,
gave no very active Indications of appre-
hension. II was rather waiting market,
as for some time past. The transactions
outside of operations by professionals,
insignificant. Selling by traders found
ed very readily. On the other hand when
the professionals turned buyers they
found a few stocks Offering and prices,
consequently, easily recovered.
Some slight recoverieS in the second hour
were due TO covering by The shorts, but
they were not we'll held and the list show
ed net declines in nearly all cases for the
most part confined to fractions. Tobacco
absorbed a large part of the dealings and
suffered loss of csc net on very heavy
offerings, brought out by the recent jump
in price of a squeeze of the shorts.
The weekly bank statement disclosed a
stronger position for the banks than last
week The drain of gold from London has
raised the discount rate there and stiffen-
ed exchange on London at continental
centers, but the gold movement to New
York continues without signs of abaie-
ment. The prevailing higher rate for time
money Is per cent. Tor all perlOds) is con-
sidered to be largely sentimental, though
il is based on the expectation that rates
will rise in case of war. The dissemination
to borrow money on time at existing rates
is. however, almost as marked as that of
lenders The market for railroad bonds
has been intensely dull and prices lower
Government bonds are all lower, declines
in the bid price reaching Ok in the new As
coupon, in the 2s, 11s in the As registered,
l in the old As registered and coupon, and
u in the 5s. The total sales of stocks TO-
day were 133, 800 shares, including Burling-
ton. $685. ST. Paul, 1850; Union Pacific
preferred, $3.50; Union Pacific. Denver and
Gulf $40; American Tobacco, 66,SS1; Su-
gar 1880.
New York Closing Stocks.
Atchison ... ia do pref ........1n
do pref ...o.. 247sSt. p & ON. &c. IS
B. & Ohio ...... 1872 do do pref .... .140
Can. Pa. ........ 792sSt. P. NJ. & NJ. ..129
Can So ANN. 1914 SO. Pa. .......... 1919
Cen. Pa. ........ 11HSo. Ry. .......... ~
C. & Ohio ....... 1874 do pref ........ 2512
c. & Alton .......154 Tex. & Pa. ...... 10
c., y. & @. 80. 912U. p. pref $3.50. 51%
c. & E. III. ... 81 lU. P. ID. & G.. =. 69s
e. c. c. & St.L. q Wabash .......... 6h
do do pref .. 1884 do pref ......... 15L