The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-24

oS, lUo DID, lul ASKED SOuth GeOFBla anu
Florida first mortgage rs. 1929 bid, 1885,
asked; South Georgia and Florida second
mortgage Is, 103 bid, 105 asked; Ocean
Steamship per cent. bonds. 1926, l05 bid,
los asked; City and Suburban Railroad
first mortgage per cent bonds. 81 bid, -
asked; Alabama Midland per cent. in
dorsed, 80 bid. 81 asked; Brunswick and
Western Is. rs bid, 771S asked; South
Bound Railway 5s, 7412 bid, 7512 asked;
Georgia and Alabama first preferred IS,
103 bid, 1W asked; Georgia and Alabama
cons. IS, IS bid, SO asked; Eatonton
Branch. 81 bid. 1914 asked; Central OF
Georgia, Middle Georgia and Atlantic d.
vision S. 81 bid. s211 asked.
Railroad Stocks-Augusta and Savannah.
"a bid. 50 asked; Georgia, common. 10 bid
$50 asked; Southwestern, SO bid, "a
asked; Atlanta and West Point stock. 1914
bid 103 askeds Atlanta and West Point
per cent certificates. 1914 bid, 1903 asked;
Savannah Construction Company, bid
Slla asked.
Gas Stocks-Savannah Gas Light stock,
q bid, % asked; Electric Light and Power
Company. rs bid, n asked.
Bank Stocks, Etc.-Citizens Bank, 1O9%
bid, llO1A asked; Chatham Bank
IS bid. 40 asked; Germania Bank, 1OS
bid, 109 asked; National Bank of Savan-
nah, 125 bid, 126 asked; Merchants National
Bank, 81 bid, S7lz asked; Oglethorpe Saw
ings and Trust Company 105 bid, 106
asked; Southern Bank of the State of
Georgia, bid, 139 asked: Sa-
vannah Bank and Trust Company, 1O2
bid, 1924 asked Chatham Real Estate and
Improvement Company A, SIS bid. Sc
asked; B, 541a bid, 50 asked; Peoples Saw
ings and Loan Company, IS bid, 80 asked
Factory Bonds-Augusta Factory, 50
bid, 81 asked; Graniteville Factory, Jas bid
1Ol asked; Eagle and Phoenix Manu-
featuring Company, 5 per cent. bonds -
bid, 40 asked; Sibley Manufacturing Com
pany 6s. 1O1 bid, 102 asked.
Factory Stocks-Augusta Factory, 30
bid, SO asked: Granitcville Factory 145 bid
15l asked; Langley Factory, 104 bid, 1851
asked; Enterprise Factory, common 80
bid, SO asked; ]. r. King Manufacturing
Company, 104 bid. 105 asked; Sibley Manu-
featuring Company, 20 bid, 76 asked; Sa-
yannah Brewing Company, So bid 81 ask
ed.
New York, Feb. 23.-Money on call was
easy at 1A@2 per cent. the last loan was
at IL per cent. Prime mercantile 3G4
per cent. Sterling exchange easier, with
business In bankers bills, at 81. $685. and at
81. 1904. S3A for sixty days; posted rates,
AS4, and 4s612; commercial bills, $4S2
Silver certificates 5515Q561kc Bar silver,
5514c. Mexican dollars, 451sc. Government
bonds were weak. State bonds were dull.
Railroad bonds were weak
New York, Feb. 2.-The Evening Posts
London financial cablegram says: THE
stock markets here opened firm to-day, but
later became fiat, not on political consid-
erations, but owing to the position of the
account at the settlement. Brokers find
that their clients are not meeting their diff
ferences so promptly as they might, and
are closing many accounts. This applies
especially to American railways. These fol-
lowed the general course rising in the
morning and having a quick descent after
midday.
New York, Feb. 2S.-To-day's further
declines in stocks undoubtedly reflected
condition of real apprehension in the
minds of holders of securities as to devel-
opments in the Cuban question.
Commission house orders to sell were in
large volume at the opening, and these
soon swept away the advances over Mon
days level, which had been deliberately ar
ranged by the use of the cable to establish
higher range of prices in London over
the holiday. There was a professional
buying here at the opening designed to
the satne end. but not even the first quo
tations were up to the London parity.
Gains were speedily wiped out by the
slump which followed the abandonment
OF the professional attempt to sustain
prices.
The uncovering of margins and SELLING
orders to stop losses brought a flood of
STOCKS on the market Sugar led the
break with decline of over points, aft
er a rise of point, and fiuctuated fever,
ishiy all day, closing at near the lowest
at an extreme decline of over three points
The local specialties were also centers of
weakness, Metropolitan Street Railway
losing seven points and Manhattan about
tnree. Great Northern preferred dropped
on seven points. The weakness of the
morning was In spite Of a large buying
IN THIS market for London account, The
volume of this buying ran as high as 60 coo
shares OF stocks. The London market and
the Continental exchanges showed an i'm
proved tone on the subsistence of appre-
hension regarding the West African sit
uation, but there was a significant decline
In London and Paris in the Spanish As. the
closing price in London showing a loss of
Is as compared with Mondays closing.
Inc weakness in the stocks which were
the favorites In the London buying was
on set until later in the day, but thew
eventually succumbed with the rest of the
list. In fact the weakness of these stocks
after the sustaining force of London buv
ing had been withdrawn, contributed to
the final break in the market The DAVIS
net losses exceeded two points in only a
rev OF the standard stocks, but were over
three points in some of the specialties,
The outlook In the money market Is not
loans were made at per cent. TO-DAY
currency continue 10 move to the interior
and the sub-treasury had a credit balance
at the clearing house to-day of 81. 772. .il6.
refecting the withdrawal of another 10
per cent. installment of the governments
deposit of the Union Pacific payment. For
eIgn exchange weakened only slightly in
the face of large London buying of stocks
The decline in exchange on Paris was
more marked. This development offers
some confederation of the report that a
portion of the money which is going from
Paris to London on account of che dis
turDed condition of affairs in the French
capital, Is going into American securities.
standard OIL liquidating certificates are
not dealt in on the exchange but In the
outside market to-day they sold at 40 as
against 800 at the opening to-day. Before
the recent 10 per cent. division distribu-
ton they sold at 44S
Bonds-There were heavy dealings in the
Union Pacific As. Total sales. "a 275 0OO
Government bonds were decidedly weak
United States new As registered declined
Stc, coupon nc, and the old Is registered
the 5s and the Is, Lc bid
Total sales OF stocks to-day were 527 s0o
shares. including Atchison, 1910; Atcblson