The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-04

Charlotte, Columbia and August nrst bs.
l05 bid. log asked; Charlotte. Columbia and
Augusta second mortgage Is. lis bid, 1885,
asked: Georgia Southern and Florida new
IS, JOG bid. lO7 asked; South Georgia and
Florida first mortgage Is, 1921 bid. 1881
asked; South Georgia and Florida second
mortgage IS, 1929 bid, 1882 asked Ocean
Steamship per cent, bonds. 1926, 1916 bid,
100 asked: City and Suburban Railroad
first mortgage 6 per cent. bonds, 100 bid.
102 asked; Alabama Midland per cent, in
dorsed, 92ia bid 93l2 asked; Brunswick and
Western Is, 70 bid % asked; South Bound
Railway 5s 50 bid. SO asked; Georgia and
Alabama first preferred bs, l0S bid, l04 ask
ed; Georgia and Alabama cons. 5s, 30 bid,
81 asked Eatonton branch, 80 bid 9lasked
Central of Georgia. Middle Georgia and
Atlantic division 5s. Slla bid. S2ls asked.
Railroad Stocks - Augusta and Savan-
nah, 80 bid 99ia asked Southwestern 90
bid, 100 asked Atlanta and West Point
stock, los bid, 10 asked; Atlanta ana West
Point per cent. certificates, i03h bid 1917
asked; Georgia common, 1893 bid 197 asked;
Savannah Construction Company, 81 bio,
% asked
Gas Stocks-Savannah Gas Light stock,
% bid, % asked; Electric Light and Pow
er Company. "A bid. rs asked.
Bank Stocks. Etc.-CitiZens Bank 110A
bid 1lO& asked; Chatham Bank, Is bid,
4SlA asked, GermanIa Bank, 110ls bid, lily
asked National Bank of Savannah, l25
DAO, 10 ASkeus MERCHANTS NdltDhdl BANK,
SO bid, Sc asked; Oglethorpe Savings
and Trust Company 105 bid, 107 asked:
Southern Bank of the State of Georgia.
1870 bid, 1872 asked; Savannah Bank and
Trust Company 1924 bid l03ia asked
Chatham Real Estate and Improvement
Company. A, 551a bid. Sc asked; b, 80 bid
55la asked; Peoples Savings and Loan
Company. SO bid. "a asked.
Factory Bonds Augusta Factory, los
bid, l06 asked; Sibley Manufacturing Com
pany, 6s. 100 bid. 1902 asked.
Factory Stocks-Augusta Factory, 55
bid. 50 asked; Granitevile Factory, 40 bid
l45 asked; Langley Factory 100 bid 10l
asked; Enterprise Factory, common, 80
bid, 81 asked; J. r. King Manufacturing
Company, 100 bid, 101 asked; Sibey Manu-
featuring Company, 20 bid, 76 asked; Sa-
vannah Brewing Company, 1Ol bid 1903
asked
New York. Oct 3. 3 p. m-Money on
call was easier at la per cent; last loans,
2l2 per cent; prime mercantile paper, So
ale per cent. Sterling exchange, frmer.
with actual business in bankers bills at
S4M4.Sil4 for demand, and at A.Sl9s0
Asia for 60 days; posted rates, A.S215@
ass. Commercial bills, A.S01a. Silver GER
| tficates, 61@G2c Bar oliver. 6O7sc. Mex
lean dollars, 479sc. Government bonds,
easier; state bonds, firm; railroad bonds
easy.
New York, Oct 3.--ro-day's stock mar
| professional character Of trading. DeVei-
opments over Sunday did not invite a
change of tactics by the leaders, and on
| the resumption Of business the raid against
The Industrials was renewed.
! Tobacco. Consolidated Gas, New York
! Air-brake and various other properties of
! this class gave way rapidly. and although
! the reaction halted after the first half
hour, declines in The meantime had been
| effected, ranging up to points In New
! York Air-brake. Consolidated Gas figured
| for points. and Tobacco 5 points, the lat
! ter touching 49, The bulls then started
| in to retrieve some of the ground lost last
week, and after jumping from one stock
to another. finally singled out Tobacco as
a leader The strength developed here
! soon permeatcd the entire list, and prices
! forged steadily upward upon animated
dealings. Interests which had been re-
| sponsibie for the late decentralization in the
| specialties also changed front and operated
| for the long account. This action was taxi
en- in order TO shake off an undesirable fol-
| lowing the market showing signs of haV-
! ing been oVersold. This circumstance rem
dered manipulative tactics profitable, and
| vigorous efforts were made TO squeeze the
shorts. The traders were quick to take
/ advantage Of the changed programme and
! any effort 10 cover a large line was fol-
| lowed by vigorous bidding with sharp
! changes between transactions.
| tCOnifiDutOfy IdNOThDte influences deNGi-
| oped as the day progressed 10 strengthen
! the market Arbltrage houses executed
| heavy purchasing orders and a decline In
| money rates induced more general buying
! for The long account. The market in de-
| tail presented many striking features and
/ while realizations were extensive as the
! rise assumed Roadway the undercurrent of
| strength was not affected, and final prices
! were well above Saturdays level. Elk
! treme recoveries from the low point were
/ 10 points In Tobacco TO 1923; In New York
! Air-brake and in Consolidated Gas.
The bond market opened with an easier
| tendency but an active demand for Atch-
ison adjustments, Wisconsin Central
! hrst's and Union Pacific, Denver and
/ Gulf hrsts soon changed the current prices
and sharp gains followed. The reorganza-
ton plan of the latter company was Is
sued to-day and the drastic treatment ac-
corded the common stock caused decline
| in its price to 4. Total sales Of bonds
! 81 100000. Government bonds showed heav-
mess. the new As yielding u per cent.
The total sales Of stocks We're 40 $50
shares including 12,528 Chicago, Burling-
ton and quincy; 30,GA Manhattan; 10 l20
Northern Pacific; 1880 do preferred; 1885
/ Rock Island 1850 Union Pacific; 2i20
| Southern Railway preferred; 842O Union
! Pacific preferred; 300 American Cotton
! oil; 1929 Peoples Gas; S. 100 Sugar; $3.50
Leather preferred; $500 United States Rub
| Der
New York Closing Stocks
Atchison ........ 1924 do do "a pref =. 30 /
! do of IIa.tt