The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-03-11

ing Company. "a bid. 101 asked; Sibley
Manufacturing Company, 6S bid 70 asked;
savannah Brewing Company. lO4 bid, lO5
asked.
New York, March 1O-Money on call
steady at 2ls@Sia per cent; the last loan
21s per cent. Prime mercantile ShG44 per
cent Sterling exchange easy with actual
business in bankers bills at A.S5iad4S5&
Tor demand, and at A.SSAQ4.A
for sixty dtys; posted rates
$L@}2Q4.S5 and 4S6ia@4S7; com
mercial bills &.S212d4SS. Silver certid-
Gates nominally 59iaG6Ol9c; bar silver 59% /;
Mexican dollars 41ac government bonds
very strong state bonds were inactive;
railroad bonds were irregular.
New York. March 10.-The total bank
clearings in the United States for the week
were I,9lO 473,027; per cent. increase, 49.5;
exclusive of New York. 1858, $50, ii9; per
cent increase. SO.7
New York, March 10.-The movement of
stock prices to-day was irregular, the rail-
ways being generally fractionally off
while some notable advances were record
ed among the specialties. Local traction
stocks were huoyant on the idea that the
action of the state Senate yesterday di-
minished the chance of hostile legislation
in restricting the use of Amsterdam ave
nue., which would particularly affect Third
avenue, which rose an extreme of twelve
points, while Metropolitan Street Railway
rose nearly as much
Among the specialties TO display strength
were Tobacco, American Steel and Wire.
Peoples Gas, American Spirits, Standard
distributing, Consolidated Gas, Brooklyn
Transit New York Airbrake, American
Tin Plate, Cotton Oil and Tennessee Coal
and Iron, although the full gains were
not maintained The railways and some
other standard stocks sagged slightly for
lack of attention
On the announcement that a dividend of
11a per cent, had been declared on Union
Pacific preferred, the stock eased, 1t hav-
ing been previously falsely rumored on the
board that the disbursement was per
cent.
In the early dealings London was the
principal seller, while In the afternoon
some selling appeared for both accounts
on representations that there would be
another heavy decrease in the supply re-
serve in to-morrows bank statement, but
prophesies as to the bank statement based
on the known data of Friday had often of
late proved misleading. The action of the
days market seemed to show that the
specialties were pre-eminently in favor
with the professional element
The early dealings were featured by an
'-ANO1N OF llhefEStS
into the higher priced stocks which moved
In a sensational manner The standard
stocks trailed along somewhat sympa-
thetically but soon developed yielding
tendency. In the late session interest shift
ed into the low priced specialties which
had not moved proDortionately with the
rise in the industrial division in the morn
ing. The last hours trading following the
Union Pacific announcement was Of an ex-
ceptionally undressing character scarce
ly any interest being evinced in the move
ment of prices. The close was dun and
steady.
Bond prices moved somewhat hesitating-
~ to-day, some active liens working up-
ward while others yielded In sympathy
with stock influences. Total sales SO, S75. 900.
U. s. new As registered advanced I'd in
the bid price
The total sales of stocks were $40. 400
shares, including 1926 Atchison preferred. .
5000 Burlington; 35,77 Metropolitan Street
Railway; 1880 Reading first preferred: &.
$50 Ohio and Western; 10,640 Union Pa
cific; S8,77 do preferred; 2O,S75 st. Paul.
1928 American Steel Wire; $3.50 do pre-
ferred;5OO0 American Cot. OHIO 476 Ameri-
can Spirits; 91S2 do preferred; 26 5S7 Amer
lean Tobacco; 300 Bay State Gas; $40
Federal Steel: 15,O35 Peoples Gas; 719O
Consolidated Gas; 1895 Brooklyn Rapid
Transit; 1895 Sugar; 16, $40 Tennessee Coal
and Iron; 5,SS5 United States Rubber.
New York Closing gfockc- VV.aSt