The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-02-26


South Bound Railway IS, 1919 bid, 1909
asked; Georgia and Alabama first preferr-
ed 5s, 107 bid los asked; Georgia and Ala.
bama consolidated 5s, 100 bid 1O1 asked
Eatonton branch, 1919 bid, 1908 asked;
Central of Georgia, Middle Georgia and
Atlantic division 5s, 991a bid, 1909 asked.
Railroad Stocks-Augusta and Savan-
nah, 1861 bid, 1071s asked; Southwestern.
1919 bid. 1851 asked; Atlanta and West
Point stock, 119 bid, 100 asked; Atlanta
and West Point 6 per cent. certificates,
1919 bid. 1927 asked; Georgia common, 2Oi
bid, 2O5 asked; Georgia and Alabama
stock, 80 bid. 80 asked.
Gas Stocks-Savannah Gas Light stock,
"a bid, % asked. ex-div.
Bank Stocks, Etc.-Ckizens' Bank, 11S
bid, asked; Chatham Bank
mia Bank III hid. asked;
National Bank of Savannah, 127 bid,
- asked; Merchants National Bank of
Savannah. S5 bid, 81 asked; Oglethorpe
Savings and Trust Company. 1861 bid, -
asked Southern Bank of the State of
Georgia, 1928 bid, 129 asked; Savannah
Bank and Trust Company. 106 bid. - ask
ed;Chatham Real Estate and Improvement
Company. A. SO bid 531a asked; b, 521s
bid, SO asked; Peoples Savings and Loan
Company 90 bid, 81 asked.
Factory Bonds-Augusta Factory. 1Ol
bid, 102 asked; Sibley Manufacturing
Company 6s, 100 bid, 103 asked; Eagle and
Phoenix Mills, s per cent. bonds due 1923,
1917 bid 10S asked; Bibb Mfg. Co, 1903 bid,
| 1O512 asked.
Factory Stocks-Augusta Factory. 55
bid, Go asked; Granitevile Factory, $50
bid, 1855 asked; Langley Factory, 81 bid,
1912 asked; Enterprise Factory, common,
So bid, 80 asked; j. r. King Manufacture
ing Company, 81 bid, 101 asked Sibley
Manufacturing Company, 6S bid, 70 asked;
Savannah Brewing Company, 10i bid, 1854
asked.
New York, Feb. 25.-Money on cali was
| steady at 2I212 per cent; all transactions
were at 215 per cent. Prime mercantile pa
per, Sa31s per cent Sterling exchange
| steady at $4S61aGl4. S6ai for demand, and at
81. S414@4.S41a for sixty days. Posted rates,
"a. S412GD4.S5 and 81 .S619G4.S7. Commercial
bills 4.SSGl4 SS1a. Silver certificates nomi-
| nal, 591aQ60l2c. Bar silver 591Ac Mexican
dollars, 4714c. State bonds were inactive
Railroad bonds weak. Government bonds
| frmer.
New York, Feb. 25.-The weekly bank
statement shows the following changes
Surplus reserve, decreased $4,OSS, 925; loans,
increased, 81, 963, 800; specie, Increased 1923
| 900; legal tenders, decreased 81, 211, 500; de-
posts, increased $13, 401, 800; circulation, in
| creased $1,000 The banks now hold $780,
| 1874 800 in excess of the legal requirements.
New York, Feb. 25.-The market worked
| fractionally lower to-day, on dealings of
half million shares during the short ses-
| sion.
The Philippine situation continued to be
used as a bear argument with the profess
sional element, which was largely in con-
| troll of the market. There were various
rumors afioat favorable to the specialties,
including Tobacco, Sugar. American Steel
| and Wire, Silver and Third Avenue Rail-
road, but lacking of confirmation.
Insiders were said to have given assur-
| ances that the regular dividend disburse-
ment might be expected in Sugar, and
| forthwith the stock rose over points
from the lowest.
1t was asserted that the tobacco earn
ings were larger, and that the company
was securing control of the Cuban cigar
making plants, but this was in measure
Offset by denials from the Union Tobacco
Company sources that there would be a
| consolidation with the American Tobacco
| Company, which made only a fractional
gain. reports of the acquisition of the
other concerns and earnings gossip were
| responsible for a sharp rise in American
Steel and Wire, only a fraction of which
was retained. The feature of the dealings.
both here and abroad was the large de-
| mand for New York, Ontario and West
ern, on the expectation that because of
| its new acquisitions in the coal lands the
company would profit by any improve
| ment in the Anthracite trade. The stock
| gained points on transactions of almost
| 100000 shares.
| In the general market the opening was
hesitating but a pronounced tone soon
| developed, and prices ran off sharply on
liquidation In the specialties and success
full drives against the Changers, AtchIson
| preferred and Northern Pacific. Renewed
| buying of sugar and like properties rallied
the market, but the bank statement full
filed bear expectations, showing another
decrease in reserve of over $4OO0,0OO and
an increase in loans of nearly $13, 900 co.,
and brought heavy realizing, particularly
| among the high-priced stocks.
Toward the close Sugar and Tobacco
started up again, and the general market
tailed on. Third Avenue, which has been
extremely conservative in its movement
| until of late, assumed a commanding DO
| sition among the erratic specialties, rising
to-day 1917 points to 23S. The rise was at
| tended by a reiteration of the various re-
| ports concerning the property, which as
| yet lacks authenticity. The market closed
| firm, with a general rise in progress.
| The weeks bond market, while some
what irregular, showed a good undertone.
Striking gains were made in many issues,
| which hitherto moved narrowly.
| United States new As. coupon advanced
| a in the bid price. The total sales of
stocks We're 521, 100 shares, including $3.50
Atchison, $500 do preferred. $3.50 Central
| Pacific, .25,0OO Chicago Burlington and
! Quincy, 2O,32O Reading first preferred, 727O
Northern Pacific, 1880 Ontario and West
ern 1880 Rock Island, S,723 Union Pa
cifc, 1910 do preferred 1759O St Paul, A.
sos American Tobacco, II, $40 Federal steel.
1412O Brooklyn Transit, S7,1lO Sugar. 1880
| Tennessee Coal and Iron.
| New York Closing Stocks.
Atchison ......... 2S5s do pref ........ 721kI
do pref ........ 643sI do End pref :. 40 /
| Balu & Ohio :. 70 st. J.. & S. w. 9Ai
| Canada Pac. -. 9O7sl do pref ........ 2S7sl
| Can. Southern e. 5Sl5I st. Paul .........1 297si
| Cent. Pac. ..... 533s do pref ........ 1888
Ches. & Ohio E. 2S1zI ST. P. & ON &c. 921si
| Chi. &. Alton I'm do pref .......170 /
Chi. B. & @. -. AN SO Pac. ......... S71si
| Chi. & e. Ill. 67lsl So Ry. ........... 1914
do pref ........125 do pref ........ 1881
Chi. G. w. 49,. .16%I Tex. & Pac. 49,. 2Ss4
Chi. Ind. & L.. 81 Union Pac. ... 4s