The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-02-17

u
ed; Chatham Real Estate and Improvement
Company A, IS bid, 5S15 asked: B. 52h
bid, 50 asked; Peoples Savings and Loan
Company, 961z bid. 97la asked.
Factory Bonds-Augusta Factory. 10l
bid, 1O2 asked; Sibley Manufacturing
Company IS, 100 bid. l02 asked: Eagle aud
Phoenix Mills. per cent. bonds, due 1923,
lOl1s bid. los asked; Bibb Mfg. Co., 1Os bid.
1851 asked
Factory Stocks-Augusta Factory, SIS
bid 65 asked; Graniteville Factory. $50
bid. l55 asked Langley Factory 81 bid,
10l2 asked; Enterprise Factory common,
IS bid 80 asked; ]. r. King Manufacture
Ing Company. 81 bid 101 asked; Sibley
Manufacturing Company, IS bid, 70 asked;
Savannah Brewing Company, los bid, 106
asked
New York, Feb. 16-Money on call was
steady, 216d3 per cent; the last loan was
at 2i5 per cent. Prime mercantile paper.
2S4 6S14 per cent. Sterling exchange steady,
with actual business In bankers bills at
81. S6d4S614 for demand, and at $4S40D4. S41l
for sixty days. Posted rates, $4.S5G4S7;
commercial bills, $4.SS15; silver certificates.
nominal, 5915G6O19c; bar silver 59s4c; Mexi-
can dollars, 4714c. Government bonds were
weak; state bonds, inactive; railroad bonds
were strong.
New York, Feb. 16.-Practically all prom
inent stocks advanced to-day, with gains
in many cases material and trading left off
with the tone strong and prices at the
best.
Traders, from time to time sought to
bring about reaction, but were dislodged
from one position after another and the
upward movement became general In
fact, the only active stocks of Importance
that We're exceptions to the rule, were To-
bacco and Northern Pacific, the former
suffering loss of 31s on the prospect of
increased competition, and the latter Is on
a decrease in earnings reported yesterday
for the second week in February, which
decrease was said to be due to storms.
London houses reversed their policy on
Northern Pacific and bought more than
they sold of it, and other stocks. Burling-
ton, which was ex-dividend, made an ex-
IRENE advance of IA on a large volume
of trading, approxmating 100000 shares
The buying of this stock was largely by
houses having Boston connections.
The advance was stimulated by the state
ment of a prominent operator that he had
purchased largely in the belief that a
refunding plan would be announced in a
few days. The influence of Burington's
strength permeated the whole list, but
more particularly affected the other
grangers, which were benefited to the ex-
tent of point and over Union Pacific was
a point, while Central Pacific advanced l
per cent. on the report that an arrange
ment had been reached with the govern
ment committee for a settlement of it's
obligation to the United States Metropoli-
tan Street Railway and Third avenue
were very strong, rising AZ, and s. res
pectively. Federal Steel was in the van
Of the Flower stocks in their rise which
began as the day drew to a close; the
NFNTr Cd q
ed 2. Among the coalers, Reading first
preferred and Jersey Central rose IL each.
international Paper and Sugar advanced
over points each. New York Central and
Northwest, among the Vanderbilts were
benefited about a point in the rise while
Cleveland Cincinnati, Chicago and ST.
Louis left off with gain of 15s
The traders thought that the fractional
advances in London before the opening had
been manipulated from this side They sold
freely on the idea that the effects of the
storm would result in lower prices at least
temporarily. Subsequently they covered
from time to time as pronounced strength
appeared in the various stocks
In the final dealings some stocks we're
taken in expectation that the days ad-
vances would bring the public to the mar
ket in a day or two The excess of exports
over imports for January, approximating
$oIUO,OUO, was something of a sustaining
factor, inasmuch as it was taken to be an
easy means of settling for the large sales
of American stocks for foreign account in
the past three weeks.
The healthful tone in stocks received a
considerable backlog from the confident
purchases in the bond market Central
Georgia consols and Wisconsin Central
firsts led in point of activity and strength
and important gains were also chronicFed
elsewhere. Total sales were S5,9O0.OOO.
United States new As, the old As and the
5s declined 1s in the bid price. Total sales
Of stocks to-day were ST. 400 shares. in
Guiding, SITS Atchison; q, 28O do preferred:
l9S,92S Burlington; $500 Louisville and
Nashville; 5000 Manhattan; II 800 Metro
poiitan Street Railway; II 800 Reading: a.
100 Missouri Pacific; q, 22O New York Cen
trial; 1880 st. Paul; 1885 Southern Rail-
way; $500 do preferred; %, $50 Sugar; 8. 225
Tennessee Coal and Iron.