The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-11-17
THOS. B. PAINE & CO.,
CFormerly of Paine, Murphy & Coz
BANKERS and BROKERS
co and GO Broadway. New York
Stocks, Bonds md Cotton.
OPEN FOR BUSINESS Nov /

by banking interests for the express pur-
pose of awaiting themselves Of the first Of
fer to buy by the treasury department.
The aggregate amount covered by these
rumors was considerably In excess of the
total amount of bonds to be taken IN by
the treasury No confirmation Of these
rumors could be had. however. A buoy
ant tone was impaired to other govern
ment issues at the call on the Stock llx-
change. apparently on the theory that the
offer Of the Secretary of the Treasury
might later be extended to include addl-
tOnal bonds.
The money market was somewhat easier
In tone. but did not yield below per cent
The response in the foreign exchange mar
ket, however was marked. Posted rates
for sterling were marked up q fun cent
in the pound. and actual rates rose &c all
around, in spite of the easier money mar
ket at London and at continental centers.
The strong tone of government bonds
would naturally serve to discourage the
acceptance by holders of the offer Of the
treasury department. So far as the avail
able supply Is concerned, 1t was known up
to recent time that the New York banks
would have difficulty in obtaining addi-
tional government bonds as security for
government deposits, In the event of an
offer by the treasury department to in
crease its deposits. There has been some
accumulation of bonds by the banks In
! mate can be obtained of how far their pre-
vious holdings have been increased The
| previous holdings were mostly in use as
security for circulation and for govern
ment deposits, so that their sale to the
government would not serve to increase
| the money supply in the market,
1t Is not believed that private holdings
of bonds and holdings by hduciary iusti-
| tutions as investments win be drawniupon
| to any extent in response to the offer of
! redemption.
The bond market was active and strong,
| the speculative issues and reorganization
| bonds being favorites
Total sales par value, s357O,OOO. United
| States new As advanced 5s the IS and old
As registered Y, and do coupon and Is u
in the bid price
! The total sales of stocks were 757 100
shares, including Atchison 22,375 do pre-
! ferred. $3.50; Chicago Great Western, T.
| 90; Burlington, $780, Rock Island, 5,125;
| Louisville and Nashville. G,725; Manhattan,
| 1880; Missouri Pacific II 450; Norfolk and
! Western, 6525; Northern Pacific, 1900;
! Pennsylvania, 6,i6S; Reading first prefer
red, 1890; St. Louis and Southwestern
| preferred, 1900; st. Paul, 10025; Southern
Pacific 102,S50; Southern Railway prefer
red, 5000 Union Pacific. 1885, do prefer
red, 1850; American Steel and Wire, TITS;
American Tobacco 26, 250; Brooklyn Tran
sit $3.50; Continental Tobacco, $3.50;
Federal Steel, 9,755; Pacific Mail $3.50; Peo-
pies Gas, $3.50; Sugar, 1OO,755; United
States Leather, 1926
New York Closing Stocks.
| Atchison ........ 232s Tex. & Pacific =. 10
Atchison pref =. 667s Union Pacific -. so
! -. q o. ........ So u. Pac. pref -. T77s
Can. Pacific -. 9fsi Wabash ..........
Can. Southern. 53& Wabash pref .. 1914
| g, g. Ohio ..... 28lki w. q L. T. 1fiA
| Chi. g. w. 80" 1424 w. l.. r. "a
c., b. & Q. ...133ss pref .......... 30A
e. /. Il. ..... u Wis. Central 49,. 20i4
c.. I. & L. pref AZ Adams lex. ......112
c. & e. Ill -. 96h Am. Express ...147
Chi. & NV. ..168K United States :. As
| G., r: l. & p. .1l41s Wells Fargo .,.127
&C. c. & st. L. 60 Am. Cot OIL,
! Col Southern =. 6% eN-dlv. ....... 40sz
Col So LIST pref. A Am c. O. pref,
! c. So. ID pref 1871 ex-div. ..,.. 90
! Del. Hudsonl2 Am. Mating -. 1914
Del. l.. & W. 1907 Am. Malt pref. AZ
Den. &, II. G.. !. 2llbI Am SIN. & Ref. s8h
D.& Il. G. pref. ga A. s & r. pref. SsA
| Erie ........,..... 73h Am. Spirits 49,. 4
Erie LIST pref :. 3734 Am Spirits pref II
OF. Nor. pref liza Am. Steel Hoop. "A
| Hooking Coal =. 19 A. $. II. pref =. S25h
Hook. Valley =. SO A. s. e. Wire J.. 49,
III. Central .....1l5 A. $. & w. pref. 9494
| Ia. Central ..... 14Is Am. Tin Plate e. 80
Ia. Cen. pref -. 59z Am. I. r. pref 50
X. c.. p. & g.. SHlAm. Tobacco .11ss4
L. y. g. W. Is Am lob pref .14s
l.. Il. & W. pref 70 Ana Mining Co. 45H
Lake Shore .....l98 Brook. r. r -. S9ss
l.. & ~ ........ S71sl Col. r. & Iron. 531a
! Manhattan l.. los Cont Tobacco 43l
Net. st. Ry. ..195 Cont Tob pref. 911a
Mex. Central -. 1884 Federal Steel =. SIX
Mimi. & st. L.. 70 Fed. S. pref 80. 1914
Mimi. & ST.. l.. Gen. Electric 1854
pref ............ 80 lGlucose Sugar ... 4s96
| No. Pacific 49,. 4S5k Gu. Sug pref 81
NJ. d Ohio ...... 45k init. Paper ..... 25A
| Mo-, X. & T. 123sl Intl. Paper pref. 692t
| Mo, K. & T. LaClede Gas 80. TIA
pref ......,,.... $685. Natl. Biscuit -. 41A
N. J. Central ..l2SA Natl Bis. pref :. 80
| II. Y. Central ..13TMl Natl. Lead ...... 20
N. q Western 273s Natl Lead pref IOG
N. & w. pref :. 705s Natl Steel - 4S1E
Nor. Pacific .... 557s Natl. Steel pref 94J5
Nor. Pac. pref 759s ". Y. Air Brake 14O
ont. & West. =. 255sl Nor. American 1914
| ore, H. n. AZ Pac. Coast ...... 511z
| o. II. & N. pref. rs p c. 1st pref . Sc
Pennsylvania ...1SO9sI P. c. I'd pref .. CO
Reading ..~..... q Pacific Mail 80. 455z
Read. LIST pref 597sl Peoples Gas LIB
Read. I'd pref =. 3lkl p. Steel Carr. 81
r. c. Western . 80 p. S. c. pref -. SO
r. G. W pref 81 Pull. Pal Car 1881
| st. l.. s. f.. 10AlS. r. g. T. 49,. 111z
st. L. & S. f. Sugar ..........15siI
LIST pref ........ II Sugar pref ....1171s
ST. L. & s. f. I'd 7. c. & Iron ZIG
pref ............ 81 U. S. Leather. 257s
St. l.. Sw. ...... 1874 U. S. l.. pref -. s0l5
st. l.. sw. pref. 32i4 u. S. Rubber e. 4sIz
st. Paul 1865 II. s. X. pref ..11OJl
ST. Paul pref ..l72la West. Union .... 50
| st. p. & ON. lis r. /. & S. go. 241k
So. Pacific 49,. a do pref ....... 70
SO. Ry. .......... 1879 PEG g. ST. L.. 741z
So. Ry. pref go. 571s
Bonds.
u S. Is reg ... 101 La. new con. As JOG
do 80, reg -. 109 L. g. w. Uni. As 99Mf
do 3s, coup. 100 M, X. e. r. DDS II
do new, 4sreg 130kl do a. .......... SO
do new As, cou 1919 VI. & O. As ...g5
do old As, reg i13 ". Y. Cen. lists 1l2Jzi
do old As, cou ll3 ". J. G. gen. Is 1i9
do IS. reg 49,. III n. G. Gs ........ 127
| do IS, cou .. III do As .,....... l04
ID. Of C. 65s... liz No. Pacific lists i1s
/ An. o1aco 4 an 40 Dc