The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-27
The MORNING NEWS, TUESDAY, SEPTEMBER ~ 1898

IS. 1O6 bid. lO7 asked; South Georgia and
Florida first mortgage Is, 1921 bid 1884,
asked; South Georgia and Florida second
mortgage rs, 1924 bid, 1882 asked; Ocean
Steamship per cent, bonds, 1926, l05 bid,
lo6 asked City and Suburban Railroad
first mortgage s per cent bonds, 100 bid,
1902 asiSeaf Alabama Midland per cent in
dorsed, 92ia bid. 9Si9 asked; Brunswick and
Western As, 70 bid. 70 asked; South Bound
Railway S. so bid, SO asked; Georgia and
Alabama first preferred 5s 1903 bid, l04 ask
ed; Georgia and Alabama cons. IS, 80 bid,
81 asked: Eatonton branch. 80 bid ,9lasked:
Central of Georgia, Middle Georgia and
Atlantic division 5s S115 bid, So asked.
Railroad Stocks - Augusta and Savan-
nah, 9Sis bid, 99la asked; Southwestern. sS%
bid 991a asked; Atlanta and West Point
stock. los bid 40 asked; Atlanta and West
Point per cent. certificates, 1O31s bid, 1O4Ih
asked; Georgia common, 1872 bid 1893 asked;
Savannah Construction Company "a bid.
81 asked.
Gas Stocks-Savannah Gas Light stock.
% bid, % asked; Electric Light aud Pow
CT Company, "A bid rs asked.
Bank Stocks. Etc-Citizens Bank. 110K
bid 11OSl asked; Chatham Bank. As bid.
40 asked; Germania Bank, 11O1s bid, Ill.,
asked: National Bank of Savannah, 125
bid, 1926 asked; Merchants National Bank,
SO bid Sc asked; Oglethorpe Savings
and Trust Company, 1O5 bid, 1O7 asked;
Southern Bank of the State of Georgia.
100 bid, 1872 asked Savannah Bank and
Trust Company, 1924 bid, 1O31A asked;
Chatham Real Estate and Improvement
Company, A, $50 bid, Sc asked; B, So bid,
55i2 asked; Peoples Savings and Loan
Company, SO bid, "a asked
Factory Bonds -. Augusta Factory. 1O5
bid, 1G6 asked; Sibley Manufacturing Com
pany, 6s, 100 bid 1O2 asked
Factory Stocks-Augusta Factory. So
arl lad Css,., N. 10
l45 asked; Langley Factory, 100 bid, l01
asked; Enterprise Factory. common, 80
bid, 81 asked; J. r. King Manufacturing
Company, 100 bid 10l asked; Sibley Manu-
featuring Company, 70 bid, rs asked; Sa-
Vannah Brewing Company, 101 bid, 1903
asked
New York, Sept rs, 8 D. m.-Monev on
can was steady at 3Q5 per cent; the last
loan was at 312 per cent. Prime mercan-
tie paper, 4Q5 per cent. Sterling ex-
change firm, with actual business in bank
ers' bills at $4S404.S4A for demand. and
at S4.SlA44Sl1s for 60 days; posted rates,
@S21544.SS. Commercial bills, AoO14a
4SOA. Silver certificates, 61662c; bar sill
yer, SO 15-16c; Mexican dollars, 4714c. Gov
eminent bonds were steady; state bonds
were firm; railroad bonds were irregular.
New York, Sept. 26.-The acton of to-
days market at the opening was dsap-
pointing to the bulls, and stocks purchased
Saturday, on the favorable bank state
ment, were rapidly let go and commit
menls made for the short account The
higher range of London prices encouraged
the bulls, and efforts were made to ad-
vance prices to a parity with the London
figures.
Stop loss orders were uncovered in the
leaders, and the market for a time. was
at the mercy of the dealers, who searched
diligently for weak spots. Gossip that a
disagreement existed between some of the
speculative pools was colored to some ex-
tent by the severity of the break in spots.
The railways fell sympathetically, but the
losses were confined to transactions and
after the first rush TO sell had abated,
settled down to level slightly above the
lowest ana resisted subsequent efforts at
depression
The hrmness was accounted for by the
publication of numerous traffic statements
covering a wide area of territory and
showing substantial increases. The gains
in some of the Southern lines were espe-
eiaily gratifying over the slow movement
OF cotton and quarantine regulations in
some sections. These conditions were re-
sponsible for the marked decreases re-
ported by the Southwestern reports. Ar
mirage houses had purchasing orders but
The action of the market discouraged any
extensive ventures, and only light
sprlnkling of various stocks was taken.
The elimination of an active speculative
interest from the market, owing to the
rigid Observance of the Hebrew holiday.
Ycm Kippur, reduced business consider
ably, and the raid on Tobacco also chilled
the outside demand.
The decline in Tobacco was attributed
principally to denial by officials of the
Drummond company that that concern
mad been absorbed by the American To-
bacco Company. The bears attacked the
stock with considerable confidence and
drove it down SIX 10 1897.
In the last hour the stock moved up-
ward, in sympathy with the general mar
ket, and closed at 141B. Sugar moved IN
to l23 and the railways, which had moved
Independent to the Tobacco throughout the
day, ruled the best. In the final dealings.
obacco siumped badly, and touched 1879
The other Industrials also suffered from
realizations, but no appreciable declines
were recorded in the standard stocks. The
market left off unsettled with slight
losses generally
Call money rates stiffened sharply late
in the day, and 51k per cent was quoted
for a time The great bulk howev err. of
the transactions were made al 315 per cent
and some accommodations were secured
early in the day at 8 per cent.
The bond market lacked decisive tone
but dealings were light and variable in
SitiVt uiteStiOu uuIIHpOitdut. IOtdi sales
81, 329, 600.
Government bonds were unchanged OH
bid prices, but a purchase of the new "a
coupon was made at &c higher than the
last sales.
The total sales of stocks were 1886 600. in
GLIDING 6,667 Atchison preferred, 6.775 Chi
cago, Burlington and Quincy, 1919 North
ern Pacific, 1888 Union Pacific. $500 So.
Paul, 1929 Union Pacific preferred, 1866
Chicago Great Western, 1885 Peo;,le' 5
Gas, 9,1O4 United States Rubber, 1890
Sugar
New York Closing Stocks.
Atchison ........e 12% do pref. ..... 1885,
do pref. ........ 1878 st. p. 81 ON. 49,. 1917
Bait. & Ohio -. AZ do do pref. .157i%
Can. Pacific S61z ST. p. NJ. & M. .165
Can. SO. ......... SO So. Pacific nam. 23la
Cent Pacific 25lsl So. Railway 80. 81
Ches. & Ohio. 221si do pref. s3i<
Chi. g. Alton ...157 Texas & Pacific 1884
Chi. b. & Q.....1147sfU. Pac pref -. 652t
Chi. & e. Ill. =. 52la u. p. D. & c.. 57s
C.C.C. & st. L.. Al Wabash ...... 8
do do pref &C.. So do pref ANN. Xix
Del. & Hudson JOG Wheel. & L. E. 2
Del. L. & w. ...149 do do pref. -. II