The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-05-12


Steamship per cent. bonds, 1926. 1903 bid,
10 asked City and Suburban Railroad
hrst mortgage per cent. bonds 100 bid 1903
asked; Alabama Midland per cent. IN
dorsed. 81 bid IS asked; Brunswick and
western Is, Y bid IS asked; South
Bound Railway So. 20 bid 20 asked; Geor-
gia and Alabama first preferred 5s. 1902 bid.
lOS asked; Georgia and Alabama cons IS,
81 BID. 50 asked; Eatonton Branch, so bid.
MA asked; Central of Georgia Middle
Georgia and Atlantic division IS, rs bid, 80
asked
Railroad Stocks-Augusta and savan-
nah. % bid, 90 asked: Southwestern. 90
bid, 90 asked; Atlanta and West Point
stock, lOl bid, 10lia asked: Atlanta and
West Point per cent. certificates. 1903 bid
lO4 asked Georgia common, l75 bid $50
asked; Savannah Construction Company.
So bid 60 asked.
Gas Stocks-Savannah Gas Light stock,
20la bid, 2iA asked; Electric Light and
Power Company, 72lh bid 74la asked.
Bank Stocks, Etc.-Citizens Bank, 100
bid, no. asked; Chatham Bank, 46 bid. 47l5
asked; Germania Bank, 1903 bid, 40 asked;
National Bank of Savannah, 125 bid 12G
asked; Merchants National Bank. 50 bid.
a32 asked; Oglethorpe Savings aud Trust
Company 105 bid, LOG asked; Southern
Bank of the State of Georgia, $50 bid 1876
asked; Savannah Bank ana Trust Compa-
ny, 101ia bid, 102la asked; Chatham Real
Estate and Improvement Company, A, "a
bid. 55h asked; b, 5sA bid, 54h asked; Peo-
pies Savings and Loan Compans, "a bid,
95ia asked.
Factory Bonds-Augusta Factory, 1ol
bid 1O2 asked; Eagle and Phoenix Manu-
featuring Company, 3 per cent. bonds, IS
bid, 40 asked Sbley Manufacturing Com
pany, Is. 100 bid, 1902 asked.
Factory stocks-Augusta Factory. So
bid. rs asked Graniteville Factory. las
bid, ISL asked; Langley Factory, l01 bid.
1O4 asked; Enterprise Factory. common,
90 bid, 96 asked; j. K. King Manufacture
ing Company, l0i bid, 1876 asked; Sibley
Manufacturing Company, 20 bid, 76 asked;
Savannah Brewing Company, 80 bid, %
asked.
New York May 11-Money on call was
steady at 2n2ia per cent; the last loan
was at per cent. prime mercantile paper,
5laM6 per cent. Sterling exchange steady,
with actual business in bankers bills &C
ASils@4S4A for demand and at $4SSt4m
4.SS1s for sixty days; posted rates, $4S2
and aS5l5; commercial bills A.S034. Sill
yer certificates 56hQ7c; bar silver, 56lsc;
Mexican dollars, 45c Government bonds
were steady; state bonds were dun; rail-
road bonds were strong
New York, May 1.-THE Evening Posts
London financial cablegram says: 1.-THE
stock markets here opened dun to-day. but
speedily recovered on the belief that Spain
will soon give In, and prices finally closed
booming IN the case OF Americans and
Spanish 4s The revival in Kafirs contin-
ues. Some uneasiness Is felt here In lead
ing bank parlors over France and West
Africa. Insurance risks on stocks against
war with France have been effected at
Lloyd's at as high as % guineas for "a year
The Stock Exchange al present disregards
the matter. but II should be noted"
New York May liza large number of
the leading stocks show net gains exceed
ing two points and great many more
have risen one point or over In the INice
as a result or the days trading on the
Stock Exchange. The upward movement
was not resumed until period of hesita-
ton and uncertainty at the opening dur
ing which prices in nearly all cases de-
clined. This heaviness was due to sharp
declines established in London for Ameri-
can quotations before the opening here
and to the placing Of selling orders for
London account at the opening.
The demand for stocks In the first hour
was urgent and many blocks of 1000
shares we're eagerly bought. BY the time
the news Of Wall street attitude reached
London, that market faced about and
sent orders TO New York to buy Although
there was realizing on a large scale at
different times during the day recessions
in prices were Insignificant.
The day closed with a renewed burst
of activity and prices at about the top
level A belief that the termination OF
the war Is near at hand was the inpelling
motive for the strength of the market.
The continued recovery of Spanish bonds
found an explanation that was considered
even more significant The recovery seems
to be without doubt due to the making
of provision for payment of the July cou- !.
pom. II is belived that the money advanc-
ed for this purpose was on condition that
Spain should end the hostiliues Strong
traffic returns by prominent railway COM
panies and the continued tendency to-
ward easier conditions In the money mar
ket also had their influence in encourage
ing the rise.
A small engagement of gold for import
demonstrates that exchange Is still at the
import point The bond market shared
quite fully in the activity and strength
of the stock market. Atchison adjust
ment As advanced ~ per cent. Total
sales. S3.475,OO0. Prices of government
bonds were unchanged throughout.
The total sales of stocks were
COS. 800 shares, including Atch-
ison preferred. 1900; Baltimore and Ohio,
s. O25; Chicago, Burlington and Quincy,
2B,370, IOItsVilie ana NASHVILLE, zo,JpV,
Manhattan, $3.50, Reading first preferred,
z. $40; Missouri Pacific, 14,G22; New York
central, 7,720; Rock Island. 1920; ST. Paul,
"a. 30; Southern Railway preferred, s,3S7;
Union Paclhc preferred, S2,170; Tobacco,
40. $50; Chicago Great Western, 11,G90; Peo-
pies Gas, 1880; Sugar $3.50.
New York Closing Stocks
Atchison ....,. 10 st. Paul ......... 3ls
do pref mum. 32AI do pref s.+.l44ls
Bait & Ohio =. 10 st. p. & ON. =, 76A
Can. Pacific ... SiSs do do pref ......l5O..
can Southern !. 81 Isl. =. NJ. q NIB
Cent. Pacific -. 12%5o Pacific ...... 16
rhes. e. Ohio . % SO. Railway 49,. So
Chi & Alton leo do pref ......... S)h
chi b. & @. .1O05s Tex. & Pacific T.. IL
chi & u. Ill.,. so Union Pacific 1917 |
3. G. c. & ST. t. 32ssU. p. ID. & c.. Gis |
do do pref ,.. 80 Wabash ....-..... 7ss |
Del & Hudson. .l10A do pref ......... 1874 |
Del. l.. & W.. $50 Wheel. e. L. E.. 25a |
Den. & Rio Co.. II do do pref ..... 70
do do pref go. 47a4 Adams FIX ......l0l
Erie (new) ...... 1875 Am Express ...l25
do 1T pf ..... 36MU. s. Express. 40
~. Wayne ... 1858 WELSH. Elk mills |
81. Nor. Of & 1921 Am. Cot. Oil 49,. 21h |
Hooking Val. do pref ......... rs
Illinois Cent. .lOfs4Am. Spirits 49,. 11% |
lake Erie a. w. 1875 do pref ......... 20