The morning news., 1899-05-03

|
| Atlantic division 5s. so bid 100 asked.
| Railroad Stocks-Augusta ana Savan-
nah, ll3 bid. ia asked; Southwestern, 1l3
| bid, ia asked; Atlanta and West Point
| stock, l2i bid asked; Atlanta and
West Point per cent. certificates. .iO3ls bid.
ia asked; Georgia, common. POS bid,
207 asked Georgia and Alabama stock,
Z Gas Stocks-Savannah Gas Light Stock,
| q bid, rs asked.
Bank Stocks, Etc.-Citlzeus Bank, 1N
bid, l2 asked; Chatham Bank, l05 bid.
106 asked; Germania Bank, 116 bid, -
asked; National Bank of Savannah, 199
bid asked: Merchants National Bank
of Savannah, SO bid, "a asked; Oglethorpe
Savings and Trust Company. 107 bid, -
asked; Southern Bank of the State of
Georgia, 1S1 bid, 1919 asked Savannah
| Bank and Trust Company, Ill bid liz ask
| ed: Chatham Real Estate and Improve
ment Company A, 5Gl2 bid. 81 asked; b. 55ll
bid. Sc asked; Peoples Savings and Loan
! Company, 81 bid, 80 asked.
Factory Bonds-Augusta Factory 10l
bid, 1902 asked; Sibley Manufacturing Com
pany 6s, 1O2 bid 1903 asked; Eagle and Phe-
| nix Mills, per cent. bonds, due 1928. 1902
bid, 104 asked; Bibb Manufacturing Com
pany, 103 bid, 1861 asked
Factory Stocks-Augusta Factory, 5S
bid, SO asked Graniteville Factory, 15O
! Dlu. 100 uskeus Langley FactOfy. VI Did,
| 10l1a asked; Enterprise Factory, common,
80 bid, 80 asked ]. r. King Manufacturing
| Company, 81 bid, 10i asked; Sibley Manu-
| featuring Company. 6S bid, 70 asked; Sa-
vannah Brewing Company, 105lh bid. 1861
asked
New York May 2.-Money on call was at
! 4iAQ6 per cent; the last loan was a per
cent Prime mercantile paper. 3laq4A PER
cent Sterling exchange weak with act
| huciupse ip ut ~
4S7M for demand, and at $i85hd4S534 for
| sixty days; posted rates, %.S6Gt4.S6la and
| $4.SSGD4SSib Commercial bllls, S4.S5G(4. S54.
| Silver certificates, 62hc. Bar silver, 6l3sc
! Mexican dollars, 4Sc. Government bonds
were weak, state bonds We're inactive, and
railroad bonds were weak
New York, May 2.-Stock prices ranged
over a wide radius to-day and ended in
good gains 70. the day A considerable
advance, ranging from to points. In the
| specialties occurred in the first half hour,
aided by purchases of round amounts of
! the international stocks for London ac-
count. Stock values then suffered on a
continuance of yesterdays heavy lquida-
tion and receded sharply. the speciaties
losing from TO nearly 6 points.
BY noon liquidation had practically ceas-
ed and there were rallies which among
the specialties ranged from 3h TO 81. The
! standard railways moved far less widely,
except for Burlington and Delaware and
/ Hudson. which made net gains of l$t and
81, respectively. Among the specialties
! the net gains extended 10 141% IN Air
Brake, 6Sl in Metropolitan, 35s in Manhat-
/ tan, 3A In Brooklyn Transit, and an aver
age of points in Federal Steel, Sugar
| National Steel and Tennessee Coal and
! Iron.
Call money rates ruled about per cent.
most of the day, and their steadiness was
a source of confidence as was the easier
tone In Sterling Exchange. which was at
tributed to London purchasing of stocks.
Another reason which might be assigned
| for the rally was the fact that the Ford
franchise tax bill would not figure in the
tax levy for this year, and the hope Of
| those interested in the securities effected,
| that's delay of a year might bring about
modification of its provisions. A sharp
| speculative contest between the bulls and
bears in Brooklyn Transit which ulti-
mately resulted in favor OF the former,
was, because of its great gravity and SEN
| timental influence, in favor of the long
side in other properties The dissemination
of story that the Sugar insiders were
| indlsposed to come TO terms with present
| rivals because of the fear that other syn
dicates stood ready to start up a new OPP
position. was supposed to have something
to do with the dip In Sugar but the readi-
ness of large house to absorb offerings
| brought about a rally IN which the earlier
loss was more than recovered. Besides
the tax franchise BILL the gas rate war
induced liquidation In consolidation gas,
| but covering Of shorts and other purchases
caused the stock to rise above last nights
| figures
The rapid fluctuations with alternate
| pronounced weakness and strength caused
a reduction ia the outside interest and left
IL, A. 4.
| OF the professionals. Late In the after
noon when the market broadened out and
a general movement was under way, ac-
| tivity of commission houses was again
| noted. The market left off strong at GEN
orally the best prices.
Some reeessions occurred in the bond
market in sympathy with the early liqui-
dation in stocks. but there were later
| partial recoverias. Total sales. $2525,000.
United States Ss coupon. and new As,
coupon, declined u in the bid price.
| The total sales Of stocks were 71S,100
shares, including 20,165 Burlington; II 300
Atchison preferred; 5000 Louisville and
| Nashville 33.gS Manhattan; 10000 Metro
politan Street Railway: $500 Mexican Cen
trail; 10510 Reading first preferred 1890
| Missouri Pacific $50 New York Central:
s,759 Northern Pacific; 6.175 Ontario and
Western; 5.4S0 Rock Island; $3.50 Union
Pacific; s,545 do preferred; 276i2 American
Steel and Wire $3.50 Southern Rallway;34,-
500 Federal Steel; 6,675 do preferred; H.
801 Peoples Gas; 1880 Consolidated Gas;
101, ,295 Brooklyn Rapid Transit; 10 1sO Con-
tinental Tobacco 5000 Silver Certificates;
1915 Sugar; 6,770 Tennessee Coal and Iron.
New York Closing Stocks.
Atchison ....... 20 st. L. & S. W. 14Nl
do pref ........ 60Ml do do pref 80. S3%l
Bait. & Ohio. Y st. Paul ..... f27Ml
Can Pacific -. 96A do pref . 1897
| Can. Southern e. 5534 st. =. &c ON =. IS
Cent Pac. ...... 503sl do do pref .... 1866
| Ches. e Ohio -. 267s So. Pacific ...... 80
Chi. e. Alton. l65 SO. Railway 49,. 12%
| Chi y. &c @. =. 1891 do pref ........ 50
chi. & T.. III. .. 79A Tex Pac -. 22k
do pref ..... 12I Union Pacific :. 4JM
| Chi. O. w. 80. l5h do pref ANN. 7SA
Chi Ind &, l.. q. 10 u. r. d. & c.. 70
do do pref ... 45h Wa bash ......... 7M
| Chi. & n. w. .lj7h do pref ....... 227s
do pref ...... 1872 Wheel. & L. e.. 1sA
C. c. c. 81. l.. 50 do do pref 49,. "a
do do pref ... 80 Adams Express 112
| Del e. Hudson 191 American Ex.. 40
! TAI o. w fT0 iTTr4tcI Cfafao r.,