The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-14


asked; South Georgia and Florida second
mortgage Is, 1929 bid, 1881 asked; Ocean
Steamship per cent. bonds, 1926, 1914 bid
1904 asked; City and Suburban Railroad
first mortgage per cent. bonds 100 bid
lO2 asked; Alabama Midland 5 per cent, in
dorsed, 9216 bid s8ia asked; Brunswick and
Western As, 7S bid, rs asked: South Bound
Railway 5s, 70 bid, 81 asked; Georgia and
Alabama FIRST preferred bs, 10S bid 10i ask
ed; Georgia and Alabama cons 5s, 80 bid
81 asked Eatonton branch, 30 bid 9laslked:
Central of Georgia, Middle Georgia and
Atlantic division 5s. slla bid. S21s asked
Railroad Stocks - Augusta and Savan-
nah, 99l2 bid, 100 asked Southwestern, 1914
bid, 100 asked; Atlanta and West Point
stock. los bid, 10 asked; Atlanta and West
Point per cent. certificates. 10Sl5 bid, l04Ib
asked; Georgia common 1876 bid, 1877 asked
Gas Stocks-Savannah Gas Light stock,
% bid. % asked; Electric Light aud Pow
er Company, "a bid, 70 asked
Bank Stocks, Elc.-Citizens Bank, llOA
bid, 110A asked Chatham Bank, IS bid,
Asa asked: Germanla Bank 110ls bid 1llb
asked National Bank of Savannah. 1926
bid, 126 asked Merchants National Bank.
81 bid, Sc asked; Oglethorpe Savings
and Trust Company, 105 bid 107 asked;
Southern Bank of the State of Georgia.
T. 1870 bid, 1871 asked; Savannah Bank and
Trust Company, 102M bid. 1884, asked:
Chatham Real Estate and Improvement
&OHhRdtlyt A. bor2 Dtus 90 ASkeQe ID, 90 do.
55la asked; Peoples Savings and Loan
Company. 9S bid "a asked.
Factory Bonds Augusta Factory los
bid, log asked Sibley Manufacturing Com
pany 6s, 100 bid. 102 asked.
Factory Stocks-Augusta Factory, 55
bid. 60 asked; Graniteville Factory, $40 bid,
las asked; Langley Factory, 100 bid, 10l
asked; Enterprise Factory. common, 90
bid, "a asked: ]. II. King Manufacturing
Company. 100 bid. 101 asked; Sibley Manu-
featuring Company. 20 bid, 76 asked; Sa
vannah Brewing Company. 1Ol' bid, 1903
asked
New York, Oct. 1s-Money on call was
easier at "a per cent; the last loan was
at "a per cent. Prime mercantile paper,
3d4 per cent. Sterling exchange irregu-
lar, with actual business in bankers bills
at A.Si44S4A for demand, and al SASH
G4.Sl1a for 60 days; posted rates $4.S2iaa4. IS;
commercial bills, %.S0@4S014. Silver GER
tihcates, 59Aq6O1sc. Bar silver, 599sc.
Mexican dollars, 4615c. Government bonds
were strong; state bonds were steady;
railroad bonds were strong.
New York, Oct 13.-The advance in
prices In to-day's stock market was even
more significant of the improved tone Of
the speculative sentiment than that of
yesterday. For one reason this was true
because quite a large interest was elimi-
mated from the market by yesterdays
advance, and the urgent demand from
that interest satisfied. Another factor that
might have been utilized by the bears was
the depression In foreign markets, so
marked as to suggest some knowledge of
pending political complications in the
deeper financial currents. Not only was
this indicated by the heaviness Of securi-
ties fall of 5-16 In British consos and
of 10 centimes in French rentes, but the
excited condition of the foreign wheat
market at the opening in Wall street
brought orders TO sell 5000 shares or
upwards of stock for London account
The bears did in fact avail themselves OF
this opening to make a drive against To-
bacco, Sugar and Northern Pacific, but
the confident manner in which all offer
ings, both for London and the short ac-
count, were absorbed, took all the assur-
ances out of them and their only other ag-
gressive move during the remainder of
the day was a drive against Tobacco.
The bears have counted much on the
damage from the effects of the war In the
sugar refining industry, the conflict over
the plug tobacco trade, and the reported
divergence of ideas among the powers OF
Northern Pacific over the question OF
dividend on the common stock to check
any advance in the market, on account OF
very favorable returns OF railroad earn
ings and the generally prosperous outlook
for business. The movement of prices In
these securities gave warning OF COM
promises and adjustments, and took away
the mainstay of the bear movement The
process of covering of short contracts,
therefore, proceeded on large scale, and
large financial interests offered aggressive
support to the prices of properties in which
they were interested. significant fea-
ture Of the day was the Investment de-
mand for small lots of gilt-edge stocks.
Manitoba closed with a bid per cent.
higher than last night This buying is
natural concomitant of the growing ease
In the money market Call loans were
made at per cent. to-day, and there is
a constant increase In the supply of
money Offering both for time loans and
mercantile paper Short sterling was
slightly firmer in tone in response to the
advance In the Bank of England rate. A
small engagement of gold for import was
without influence or sentiment The days
net gains equal point for many stocks.
The demand for high grade bonds was
a reflection of the growing abundance Of
surplus capital. Total sales, $2.O05 600
United States 3s, the old As registered and
the new As advanced Is In the bid price.
The IS coupon sold at 105A, the highest
yet.
The total sales of stocks were 306, 400
shares, including 6956 Chicago, Burling-
ton and Quincy, H325 Manhattan, $3.50
Northern Pacific, 1850 Northern Pacific
preferred. $500 Union Pacific 1890 st.
Paul, 1850 Union Pacific preferred IS, 755
Tobacco, 81 $50 Sugar.
New York Closing Stocks.
Atchison ........ 12klSt. Paul ......... 1071kl
do pref ........ 1874 do pref ... 1891
Bald. & Ohio =. 44l2lSt. =. & Om... 1871
Can. Pacific 80. SSIA do pref 15s
Can. Southern . 50 st. =. NJ & M172
Cent. Pacific -, 25laI So. Pacific 49,. 22K
Ches. Ohio :. 2l3sls SO. Railway =. sK
Chi. e Alton ..l54 do pref MN. 1914
Chi. d. & Q. LIE Tex. & Pacific. 1871