The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-03-17
PAGES 9 TO 10.

ttdllFoau Stocks-AuguStd ana SaVan-
nah. l07 bid, asked; Southwestern, ITO
bid, l1O1a asked; Atlanta and West Point.
stock. 12i bid; 125 asked; Atlanta and
West Point per cent. certificates. 1913
bid, 103la asked; Georgia common 2O5 bid.
2O6 asked; Georgia and Alabama stock.
So bid, Sc asked.
Gas Stocks-savannah Gas Light stock,
n bid, q asked.
Bank Stocks Etc.-Citzens' Bank, III
bid, 1lS asked; Chatham Bank, 1903 bid,
l0i asked; Germania Bank. liz bid, -
asked National Bank of Savannah, 127
bid, asked: Merchants National Bank
of Savannah, 80 bid, 81 asked; Oglethorpe
Savings and Trust Company, 1O6ls bid.
asked Southern Bank OF The State OF
Georgia. 1881 bid, 129Is asked; Savannah
Bank and Trust Company, l07 bid. 49, ask
ed Chatham Real Estate and Improve
ment Company A, Sc bid. 81 asked 3, S.
bid IS asked; Peoples Savings and
Loan Company. 81 bid, 9S asked.
Factory Bonds-Augusta Factory, f01
bid. 102 asked: Sibley Manufacturing Conn
pany 6s, 1902 bid. 1903 asked; Eagle and Pie
nix Mills, per cent bonds due 1928, l0lIs
bid, 1903 asked. Bib Manufacturing COM
pany. 1903 bid 1854 asked
Factory Stocks-Augusta Factory, 81
bid 50 asked; Graniteville Factory, $50
bid, l55 asked; Langley Factory "a bid,
1914 asked; Enterprise Factory, common.
30 bid, % asked; J. h, King Manufacturing
Company. % bid. 1O1 asked; Sibley Manu-
featuring Company, 6S bid. 70 asked; savan-
nah Brewing Company. 10 bid 105 asked.
New York, March 16.-Money on cali
was firm at 31sq5 per cent; the last loan
was at per cent Prime mercantile pa
per, 3A@4i4 per cent Sterling exchange
weak, with actual business in bankers
bills at A.s5hq4S5h for demand. aud
az $LS3Gl4 1874 for sixty days. Posted
AZ "A a
mercial bills AS2laGAS2&. Silver certi1-
Gates, 60M@GO1ac. Bar silver, 59sic Mexi-
can dollars. 471ac Government bonds
We're irregular; state bonds were steady:
railroad bonds were irregular.
New York. March l6.-The sensational
rise In Sugar was largely responsible for
the elimination of much of the short inter-
est in the rest of the list, material gains
appearing notably among the speclaLles
while the railways at the high point aver
aged up III, but there were recesslons from
the best, and the market closed under
pressure. 1t was wild day on the ex-
change, Sugar figuring for over a quarter
of million shares with the aggregate
trading reaching nearly a million shares.
The market was moving cautiously up
ward when Sugar burst into prominence
and touched 40, rise of 294 points over
last night, II points above the September
boom prices of 1897. The stock closed at
l593 The fluctuations were erratlc, am
instance In point being the drop of 10
points on two transactions from the high
point trader sod short 300 of the 500
shares traded in al 10, and within a mo-
ment covered az 100. The only interme-
date transactions being 100 shares
at 1853. Thus the broker real
lied 5000 on his snort sale There
We're various rumors connected with the
movement in Sugar among them the
report that the trade war had been settled,
that an agreement had been reached with
the Glucose Refining Company and the
Doscher and Arbuckle interests. People
in the trade generally discredited the ru-
mors protesting ignorance of any deal
upon which they would likely be posted
were II in existence. Local interests
Identified with the concerns mentioned
likewise discredited the reports, except in
the case of the President of the Sugar
Refining Company who made no state
ment before the market closed In some
quarters the movement was attributed to
q corner In the stock and punishment OF
the shorts, while on the other hand n
house which was active In the dealings
claimed TO be ignorant of the reason for
the advance, but thought IL too great I'm
magnitude to have been merely a maneu-
yer against the shorts. Tobacco, after
yielding TX points made an extreme rise
of l0l5, to PIG. in sympathy with the
movement in Sugar. Glucose also rose 3
points to 10 coincident with the movement
in Sugar.
New York Air-Brake touched 200. a rise
OF 10 points Metropolitan jumped "a 20
25sl2; Third avenue rose to 2l9%; Man
haitian TO t12z; Brooklyn Transit 2sS to
102; Consolidated Gas 6l4 to 221, and Bur-
lington az TO 1924
The other Changers sympathized in a
lesser degree in the advance. Four per
cent was the loaning rate for call money,
the greater part of the day, although some
loans were made at 80 and per cent. The
stiffening Of the money rate dampened
the ardor Of the spectators and caused
the recession in the later trading although
at the close money on call was 3iaQ4 The
buoyancy Of the general market caused a
resumption of commission house purchases
which were largely responsible for the yio-
lent rise in the Changers In the closing
hours.
The bond market shared to some extent
in the upward movement, but there were
some weak spots which gave the general
trading an irregular aspect; total sales,
$3,925,O0O. U. s. 31a's improved H. while the
new As, registered. reacted *, and do cou-
pom Il In the bid price
The total sales OF stocks were g47 500
shares including 1850 Atchison preferred.
$3.50 Central Pacific; $3.50 Manhattan; IT,
0SO metropolitan street Railway; 10250
Reading first preferred; 6,270 New York
Central; $3.50 North American Company;
l2,948 Northern Pacific; $40 Ontario and
Western; $3.50 Union Pacific; 1886 do pre-
ferred; 1890 Rock Isiand 81 $40 ST. Paul;
1850 Southern Railway preferred; $500
American Steel and Wire preferred; 80 $50
American Tobacco; 1920 Federal
Steel 9,723 Federal Steel preferred;
4O,449 Peoples Gas; 1859 Con-
solidated Gas; II 425 Brooklyn Rapid
Transit; 27.S51 Sugar; 1898 Tennessee
Coal and Iron.
New York Closing Stocks.
Atchison go. "a 81. L. & S. w. :. OK
do pref ....... 6O5s do do pref. -. 27Ts
BAIT. OHIO -. 70 st. Paul 80. ...127S1
Can. Pacific :. 855k do pref. .......172
Can. Southern. 57Ihl st. p. & ON. . 92iz
Cent. Pacific 49h do do pref. ...174
ches. e. Ohio 26A SO. Pacific 49,. 34ik
Chi. & Alton -. 70 50. Railway 49, f2L
c., b. & Q. ....1417s do pref. ........ 49sI
Chi & e. III. :. 81 Texas g. Pac. . 22K