The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-05-12

Atlantic division 5s 80 bid. 100 asked.
Railroad Stccks-Augusta and Savan-
nah. 1l2ls bid, llSl5 asked; Southwestern.
li3 hid. ia asked; Atlanta and West Point
stock, 12i bid. 126 asked; Atlanta and
West Point per cent. certificates 1851
bid, l04 asked; Georgia. common. 206 bid
207 asked: Georgia and Alabama stock
81 bid, SIS asked.
Gas Stocks and Bonds-Savannah Gas
Light Stock q bid, 2S asked. Edison Elec-
trio Illuminating Company per cent
bonds. los bid, 1O6lk asked
: Bank Stocks, Etc.-Citizens Bank, 100
bid, 12l asked; Chatham Bank, 105 bid
lO6 asked; Germania Bank 1l6 bid. III
asked; National Bank of Savannah 129
bid, = asked Merchants National Bank
of Savannah, 80 bid. "a asked; ogethorpe
Savings and Trust Company, l07 bid. los
asked; Southern Bank of the State of
Georgia, 1902 bid, 13l1A asked; Savannah
Bank and Trust Company. Ill bid 112 ask
ed; Chatham Real Estate AMI Improve
ment Company. A. $50 bid, 81 asked b.
55h bid, Sc asked; Peoples Savings and
Loan Company, "a bid, 80 asked
Factory Bonds-Augusta Factory, 10l
bid, 1O2 asked; Sibey Manufacturing Com
pany Is. l02 bid, 1903 asked; Eagle and Phe-
nix Mills per cent bonds, due 1928 1903
bid, l04 asked; Bibb Manufacturing Conn
pany 1903 bid. 1861 asked.
Factory Stocks-Augusta Factory, IS
bid, 80 asked; Graniteville Factory, $50
bid, 155 asked; Langley Factory 81 bid,
lOlls asked; Enterprise Factory, common,
30 bid, 80 asked; J. r. King Manufacturing
Company 81 bid, IO1 asked; Sibley Manu-
featuring Company, IS bid, 70 asked: Sa-
vannah Brewing Company. 1O5 bid. JOG
asked.
New York, May 11.-Money on call was
steady at Sq4 per cent; the last loan was
at per cent; prime mercantile paper,
SlsQ4l4 per cent. Sterling exchange easier,
with actual business in bankers bills. at
$iS6% G4.SS7s for demand and at$4 s45sd4. S4si
for sixty days; posted rates. $s5l9d4s61a.
and $4.S7l3G4.SS 1s; commercial bills $4S4i4Q
ASIA. Silver certificates, 6l15462c; bar sill
yer, 6lssc; Mexican dollars, 4S1ac. Govern
ment bonds strong; state bonds inactive;
railroad bonds firm.
New York, May 11-There were smart
declines in the specialhes to-day, but the
recessions in the railways were fraction
a.
1t was a holiday on the continent and
the death of an English banker restricted
some of the arbitrage business but London
took about $4,000 shares of the information
al stocks.
Sterling exchange was easier and money
ranged from 3 TO on call, with the last
loan at the smaller figure. One reason for
this is that fairly large volume of money
is moving toward New York from the In
terror. The crop report was at first Inter
preted as more favorable than expected,
but subsequently the bears used the de
crease in acreage" TO depress the Grang-
er stocks, which had earlier displayed con-
siderable strength. Burlington's net loss of
over a point was the largest in this group.
The understanding that the Ford fran
chise tax bill would become a Jaw was
again used against local shares, the trac-
ton stocks showing net losses ranging
from 10 points, the maximum loss being
in Metropolitan, in which 1t was said part
of a heavy line of shares had been liqui-
dated. The veto by the Mayor of the Rapid
Transit bill failed to sustain Manhattan.
Covering left these stocks above the worst,
and other shares sympatheticaly rallied
slightly in the later afternoon. The mar
ket closed Irregular. Among the weak
spots were Sugar, International Paper pre-
ferred, and u. s. Leather preferred, while
Tennessee Coal and Iron retained over a
point of its advance.
Recessions were noted also in the iron
and steel works. The reaction In to-day's
market was deemed natural by some inter
ests, in view of the violent recovery yester-
day which cancelled a large part of the
reputed short interests in the market
Speculation lacked any decided vim and
there were marked periods of stagnancy
which dissipated at intervals when sales
were made. Realizations furnished the
chief impetus TO the retrograde movement
and the occasional bursts of strength were
largely attributable to covering by the
traders at a favorable level. American To-
bacco was dull in the stock dividend of 100
per cent. and closed, 1924 as compared
with 2l2 last nights close.
To-days bond market showed irmness
on moderate dealings. Total safes, $2,7OO,-
0OO United States new As, registered, adj
vanced u, and the IS and the 3s u in the
bid price.
The total sales of stocks were 631 700
shares including 1880 Atchison; 1920 do
preferred; 1850 Burlington; $3.50 Louisville
and Nashville; 1920 Manhattan; 7,075
Metropolitan Street Railway; 6,405 Mexi-
can Central; 600 Reading first preferred ;
IL, $40 Missouri Pacific; 800 New York
Central; 1850 Northern Pacific 6,430 do
preferred; 1880 Rock Island; 2,S75 Union
Pacific; 1850 do preferred $3.50 Southern
Railway preferred; 1850 ST. Paul: q $50
American Steel and Wire; 1850 Federal
Steel; $3.50 Peoples Gas; 1885 Brooklyn
Rapid Transit; 49, $50 Continental Tobacco
10000 Silver Certificates; 81, $50 Sugar; 500
Tennessee Coal and Iron; TAPS Chicago
Great Western.
New York Closing Stocks.
Atchison ....... 1885 do do pref 49,. 82hl
do pref ....... 55blst. Paul 1894