The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-18

pany. A. ssh bid. Sc asked; B, 55 bid. ssh
asked; Peoples Savings and Loan Compa-
ny, 80 bid, 80 asked, eX-div.
Factory Bonds-Augusta Factory 1O5
bid. lO6 asked; Sibley Manufacturing Com
pany, Is, 100 bid, l02 asked
Factory Stocks-Augusta Factory. IS bid
IS asked; Graniteville Factory, 40 bid. 145
asked; Langley Factory, 100 bid 1Ol ask
ed; Enterprise Factory, common. 80 bid.
81 asked; ]. r. King Manufacturing Com
pany 100 bid 101 asked; Sibley Manufac-
turing Company, 70 hid, rs asked: Savan-
nan Brewing Company. 20 hid. 101 asked
New York, Sept l7.-Money on call vas
hrm, 1854 per cent; the last loan was
made az 3I2 per cent. Prime mercantile
paper 4GI5 per cent. Sterling exchange,
steady with actual business in bankers
bills al 81. SSs4G4.S4 for demand and at "a. SIS.
Q4S for 60 days Posted rates We're 4.S36I
4.S57e and AS5d4S51R. Commercial bills.
&Slq4Sl1s. Silver certificates. 6O14G6lc.
Bar silver, 603sc. Mexican dollars. 471sc.
state bonds, dull. Railroad bonds were
tirm. Government bonds were firm
New York, Sept 1.-THE weekly bank
statement shows the following changes:
Surplsu reserve, decrease, 81, ,S75; loans.
decrease, $l2,1S0,50O; specie. decrease, S.
e66,7OO; legal tenders, Increase, SLOT. 700;
deposits, decrease, $19, S34, 500; circulat ton,
Increase, $S49, 400. The banks now hold 81
10000 in excess of the requirements of the
% per cent. rule.
New York, Sept. 17.-London started
prices downward this morning and there
were general declines after the opening
on account of uneasiness over the effect
or an unfavorabe bank statement. There
was evidently profit-taking on a heavy
speculative line of some of the leading
stocks, the effect being especially pro-
nounced In the Northern Pacific and st.
Paul, the former running off a point. At
the same time there were points of
strength in the market, notably Baltimore
and Ohio and Chicago Great Western, on
account of passing to the control of the
Great Northern interests, looking TO the
formation of a great trans-continental
trunk line. One or two of the specialties
also moved briskly upward.
There was a covering of shorts In sugar,
thus eliminating the leading factor Of
| weakness from the market AS a conse-
quence a liberal demand sprang up at the
low level and there was quite a notable
absorption of stocks. Prices of the coalers
were bid Up sharply in the second hour
on the strength of the Reading statement
showing an increase for the fiscal year of
over million dollars in net earnings, and
balance of almost three per cent. after
all prior requirements applicable to divi-
dends on the first preferred stock.
The completion of the large speculative
selling in st. Paul brought that stock up
again on buying invited by the traffic
statement for the second week in Septem-
Der, showing an increase of earnings OF
$103.Sn over last years high level.
The bank statement also proved stronger
than expected, with a surplus remaining
of 81 ,240 400 and precipitated general buy
ing movement Sugar was suddenly raid
ed down points in the final transactions
and caused sympathetic reactions in some
of the specialties, but the general market
held pretty firm at net gains throughout.
Railroad bonds have moved sharply up
ward in the latter part of the week on
increased volume of business.
United States Is have advanced Il and
IS, when issued, 49, and other government
issues X in the bid price.
The total sales of stocks were 17S,O0O
shares, including Reading, preferred,
7,7SO; Union Pacific, STA st. Paul n,40O;
Union Pacific, preferred, $3.50; American
Tobacco, $3.50; Sugar, S4,0i2.
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