The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-01-22

NoiANS. % btus pi2 dSktUs georgia hdiLrO1d !
6s, 1910. ia bid. l16 asked: Charlotte Co /
lumbia and Augusta first IS. 1O6 bid. 1O7 /
asked; Charlotte. Columbia and Augusta |
second mortgage rs. III bid. us asked; |
Georgia Southern and Florida new IS. 1903 |
bid, no asked; South Georgia and Florida |
second mortgage Is, zoo bid, 10l asked |
Ocean Steamship per cent. bonds. 1926 |
lo5 bid. 100 asked; City and Suburban |
Railroad first mortgage per cent bonds. |
l0l bid lO2 asked; Alabama Midland per
cent, Endorsed 90 bid, IS asked Brunswick |
and Western Is, so bid, So asked; South |
Bound Railway 5s, 9112 bid, SO asked; Geor- |
ga and Alabama first preferred IS, 1O5
bio, l06 asked; Georgia and Alabama con-
Solidated 5S. 100 bid. asked; Eatonton
| branch, 81 bid. 100 asked Central of Geor-
gia, Middle Georgia and Atlantic division
IS, "a bid, 95 asked.
Railroad Stocks-Augusta and Savan-
nah, 1853 bid 1862 asked; Southwestern
106 bid, 1862 asked; Atlanta and West
Point stock. III bid, asked; Atlanta
and West Point 6 per cent. certificates.
101h bid. 1O2 asked Georgia, common 200
bid. 20S asked
Gas Stocks-Savannah Gas Light stock,
% bid, 26 asked; Electric Light and Power
Company, So bid, 30 asked
| Bank Stocks, Etc.-Citizens Bank, Ill
bid, asked; Chatham Bank, SO
bid, 100 asked; Germania Bank, Ill bid,
- asked; National Bank of Savannah,
| 1876 bid, 127 asked; Merchants National
| Bank of Savannah. SAG bid, Sc asked;
| Cglethorpe Savings and Trust Company,
! 10412 bid, 10512 asked Southern Bank of
! the State of Georgia, 127 bid, 12S1a asked;
| Savannah Bank and Trust Company, 10i
| bid, - asked; Chatham Real Estate and
! Improvement Company, A. SO bid, 81 ask
| ed; IS, 52l5 bid, SO asked People
Savings and Loan Company, sSla bid, 81
| asked.
Factory Bonds-Augusta Factory, 105
! bid loo asked; Sioley Manufacturing Com
| pany S. 100 bid 102 asked; Eagle and
! Phenix Mills per cent. bonds, due 1928,
1917 bid, 1903 asked; Bibb Mfg. Co, 105 bid,
| 10 asked.
Factory Stocks-Augusta Factory, 55
bid Co asked; GraniteVlle Factory, $40
bid las asked; Langley Factory 100 bid,
101 asked; En- erprise Factory, common, 80
bid "a asked; J. r. King Manufacturing
Company 100 bid, 101 asked; Sibley Man
ufacturng Company, 20 bid, rs asked; Sa-
vannah Brewing Company, 1854 bid, 1912
asked.
New York Jan. 21.-Money on call was
nominal at 21ad3 per cent; prime mercan-
tile paper 212q3A per cent. Sterling eX-
change steady, with actual business in
bankers bills, at S4.S434 44S5 for demand,
and at S4S24GD4.S3 for sixty days; posted
rates, $4 1872 and SASSY; commercial bills,
81 S115d4S2 Silver certificates nominal,
| 59I5a6C1hc; bar silver $3.50; Mexican dol
lars 471sc. State bonds steady; railroad
bonds strong; government bonds irregular
New York, Jan. 4.-The weekly bank
statement shows the following changes:
! Surplus reserve increased Sc, 430 600; loans
increased SO sos 500; specie increased $S,SSS,-
500; legal tenders increased $3.50 200; de-
poslts increased, s13, 26S 400; circulation de-
creased $16S, 500 The banks now hold $34,-
693. SIS in excess of the requirement of the
% per cent. rue.
New York. Jan. 21-The stock market
to-day was exceptionally active and re-
markabie advances were made in many
shares the extreme gains being in invest
ment issues. The average of prices was
higher than in years, and the volume OF
trading in stocks and bonds was the larg-
est yet traded in on a Saturday. Had the
two-hour session been extended to five
hours, as on other days, and had the same
rate of trading continued there would have
been S14,O0O,O00 bonds and 100000 stock
dealt in. Investors, weary of waiting fol-
a substantial reaction, seemed panic
stricken to place their money. The open
ing quarter of an hour was the most ex-
citing, in sympathy with the booming mar
ket for New York Central in the London
exchange
An the Vanderbilt shares made SHARP
advance on rufnors concerning the plans
of the controlling interests of the New
York Central The street, judging by tbs
course of the market gave credence &c
these reports, but nothing was given ou
in regard to the plans, which were said
TO involve closer relations between New
York Central, Chicago and Northwestern
and Union Pacific, although an unnamed
director of the latter company was quoted
as making a den ial as far as the Union
Pacific was oncerned. New York Cen.
trail made an extreme advance of SB, I'm
ion Pacific 21a for the common and 515 fol
the preferred, and Northwestern 515.
The London market moved upward al
} day, and it is estimated purchased about
$4,000 shares here although London ex.
} There was heavy realizing in some stocks
during the advance in the Vanderbilts, but
) all offerings were readily taken. Commits
} sion house orders were so large that some
floor brokers having more business thar
J they could well attend to were obliged tC
refuse orders. The fractional declines thai
7 occurred were due 10 the suspicion on the
part of the traders that prices were bid vi
) in the interest of selAers. The appearance
of the bank statement assuring as it die
an advance Of moneS, asserted a strong
influence and renewal of confident pur-
chases.
The closing was strong. but at recessions
J from The best figures. The more import
ant gains for the day outside of the Van.
derbilts, Union Pacific and Atchson were
Great Northern preferred 2, and Evans
vile and Terre Haute nreferred 2.
The declines were fra ctional excepting
Hawaiian Commerciar. 81 Pullman, 2, anC
Western Gas. National Biscuit common
closed at a loss Of q after a previous ad.
vance of 90. Sugar American Tobacco
, Manhattan, Peoples Gas and Federal Size
were weak Railroad bonds exhibited
marked strength during the week with the
inquiry embracing gilt-edged as well as ths
usually neglected issues. The matera
, improvement in the high-grade stocks
prompted trading in bonds where opportu.
, mites for enhancement of value seemed IA
vorable United States new As, registered
) and the SIS advanced ss the old As regis
/ tered. the new As coupon ami the SIS reg.
istered a and the 3's "a per cent. in the bic
= price The total sales Of stocks to-day
were 762 800 shares, including $4,000 Atchi
son; 70,745 Atchison preferredi 1920 Can
ada Southern 1920 Central Pacific; 7.35
, Csl,oeapaalSa and Ohio. 150 Chipao 90 RuF