The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-03-24


asked; Macon q per cent, ia bid. ii6 ask
vannah per cent quarterly April cou-
pons. ll0i9 bid, 1llh asked, Savannah per
cent. quarterly May coupons, 1i0h bid.
il0i2 asked; Charleston Is, % bid sc asked
Railroad Bonds-Savanuah, Florida and
Western Railroad general mortgage bonds.
per cent interest coupons, ll6 bid III
asked; savannah. Florida and Western
first mortgage per cent. gold bonds, due
1924, los bid, 1903 asked; Cen
trail Railroad and Banking Company col
lateral IS. 81 bid SO asked; Central of
Georgia Railroad FIRST mortgage IS, 20
year gold bonds. 1l6 bid, III asked: Central
of Georgia Railway first consolidated
mortgage IS. 81 bid. SO asked; Central OF
Georgia Railway first preferred incomes.
81 bid, So asked Central of Georgia
Railway second preferred incomes 12H
bid, l3h asked Central of Georgia Railway
third preferred incomes, 8 bid, asked:
Georgia Railroad Is. 1910, 113 bid, ia asked; ;
Charlotte, Columbia and Augusta first Is.
lW bid, los asked; Charlotte Columbia and
Augusta second mortgage Is, III bid, llS1s
asked; Georgia Southern and Florida new
bs. 100 bid, l0lls asked South Georgia and
Florida first mortgage Is. 1924 bid. 1854
asked; South Georgia and Florida second
mortgage Is, 1903 bid. 105 asked; Ocean
steamship per cent. bonds 1926, 10i bid,
l1 asked; City and Suburban Railroad
Hrst mortgage 6 per cent bonds. 100 bid, 1913
asked; Alabama Midland per cent. in
dorsed, "a bid, So asked; Brunswick ana
western 4s 70 bid, Tia asked South
Bound Railway 5s. -- bid, as asked; Geor-
gla ana Alabama first preferred 81, l02 bid,
l0S asked; Georgia and Alabama cons IS,
81 bid, 50 asked; Eatonton Branch, 80 bid.
aatra n
Georgia and Atlantic division 5s, rs bid.
50 asked.
Railroad Stocks--Augusta and Savannah.
% bid, 80 asked; Georgia common. IT'S
bid, $50 asked; Southwestern, 91ls bid, 92A
asked. Atlanta and West Point stock.
l03 bid, l0il5 asked; Atlanta and West
Point 8 per cent certificates 1903 bid, 10i
asked; Savannah Construction Company,
g. bid, 20 asked.
Gas stock-Savannah Gas Light stock,
% bid. % asked; Electric Light and Power
Company. a bid. a asked.
Bank Stocks, Etc.-Cltizens Bank, 100
bid, 10 asked; Chatham Bank, e
bid, 40 asked Germania Bank. 1C9
bid, 11O asked; National Bank OF Savan-
nah, 125 bid. 126 asked; Merchants National
Bank, 81 bid, 50 asked; Oglethorpe Saw
ings and Trust Company, l05 bid. JOG
asked; Southern Bank of the State of
Georgia, - bid 1888 asked: Savannah
Bank and Trust Company, 1917 bid, 1929
asked; Chatham Real Estate and I'm
provement Company, A, 55 bid, So asked,
b. 5lIz bid So asked Peoples Savings and
Loan Company, 95 bid 81 asked, ex-div.
Factory Bonds.-Augusta Factory, 1Gf
bid, 102 asked; Eagle and Phenix Manu-
featuring Company, 5 per cent. bonds, %
bid, 40 asked; Sibley Manufacturing Corr.
pany 6s. 100 bid. 1902 asked.
Factory Stocks-Augusta Factory, s.
bid, 10 asked; Granlteville Factory, 145 bid.
ISL asked; Langley Factory, 10l bid, 10i
asked; Enterprise Factory, common, %
bid, SO asked; j. r. King Manufacturing
Company, lO4 bid 105 asked; Sibley Manu-
featuring Company, 10 bid. 76 asked; Sa-
vannah Brewing Company, 90 bid, 90 asked.
New York, March %, 3 p. m.--Money on
call was easy at l1aM2 per cent; the last
loan was az per cent. Prime mercantile
paper, 4lkd5lk per cent Sterling exchange
was weak with actual business In bank
ers' bills OF 81. s31aQt4 .SS34 for demand. ard
at $i.s1d4.slh for sixty days. Posted
rates, 81. S21a and $i.S5lt4.S5ls; commercial
bills. 81 SOiR. Silver certificates, 56l569sc.
Bar silver, 5Gc. Mexican dollars, 45c. Gov
eminent bonds were weak State bonds
dull Railroad bonds were weak.
Posts London financial cabegram says:
THE stock markets here remain slagnant
and dull being entirely dominated by the
Cuban question The feature to-day was
the sharp drop In Spanish 4s. They opeE-
ed at 53lb, touched 53, and closed at 58k.
IL Is sun believed here that New York
traders are dealing in them. Americans
gave way in sympathy with the New Yorb
lead. The close was better on New YORK
support. Il Is believed the Chinese loan
has been only about half applied for. l'
Is quoted at " discount in the market
At The allotment OF English treasury bills
to-day, nearly 100000 were taken IN
twelve months bills at 2 3-l6 per cent
New York, March 8.-Erhe DOUBT over
the outcome of the Cuban controversy
between the United States and SPAN was
denresslne influence in the local market
to-day, as 1t was in every narket Iol
securities I'm the world. In Paris the
weakness of Spanish As affected all other
securities by sympathy. and the same IN
auence weakened the markets In London
and Berlin. the heaviness OF American
railroad securities being an additional rae
tor at the latter two centers.
ON the local exchange there was a wei
defined bull party, whose operations were
attended with more or less success, thus
eubtracting very materially from the sum
of the depression. The motive puDhcly
avowed by this bull party for It's attitude
Is that urlces are lower than are warrant
ed by Intrinsic values, and by the politi-
cal outlook. But II is doubtless Influenced
also by the technical condition Of the
market. which IS full of short contracts
waiting TO be covered on the expected
stump on anticipated decisive Develop
ments IN the Cuban situation. There Is a
temptation for a bull clique to mark up
prices in such a market and force the
bears 10 cover. The success of the bulls
to-day was only moderate in inducing
covering, but they did discourage further
short selling and twice rallied prices from
declines running up TO point or over
in many prominent stocks.
The market closed with one of these
rallies In force, so that the net changes
are for the most part Insignificant, 2nd
there is a fair sprinkling Of gains. The
Industrial specialties continued TO be the
sufferer from the depression, Manhattan,
Metropolitan and Sugar being especially
marked out for selling pressure. The rail-
road list was pretty well sustained, and
The Northern Pacific and Union Pacific
showed not a little firmness.
The resistance to the threatening news
Of the day can only be at
tributed TO what Is regarded by the bull
faction az it's over sold condition The
money market seems to be waiting on the
Cuban question equally with stocks.
Il.