The morning news., 1899-05-17
QUICK CASH.


asked; Charlotte Columbia and Augusta
second mortgage Is, l23 bid, 126 asked;
Georgia southern and Florida new IS, 1903
bid, ll0 asked; South Georgia and Flor
ida second mortgage Is, 100 bid, l0l asked
Ocean Steamship per cent. bonds, 1925.
l0o bid, l07 asked; City and Suburban
Railroad first mortgage per cent, bonds,
l03 bid l0l asked; Alabama Midland per
cent. indorsed, 80 bid, 101 asked; Bruins
wick and Western 4s so t'7 o" ae'-e''
South Bound Railway IS, 99A bid. 1OON
asked; Georgia and Alabama first pre-
ferred 5s, l06 bid 107 asked: Georgia and
Alabama consolidated 5s. 10i bid. 102 ask
ed; Eatonton Branch, 80 bid. 1904 asked;
Central of Georgia, Middle Georgia and
Atlantic division 5s, 80 bid, 100 asked.
Railroad Stocks-Augusta and Savan-
nah, llS bid, l1S1a asked; Southwestern.
ll3la bid, ia asked Atlanta ana West Point
stock, 124 bid, 126 asked Atlanta and
West Point 8 per cent. certificates l03A
bid, l0i asked; Georgia, common, 200 bid,
207 asked; Georgia aud Alabama stock.
"a bid, 35 asked Savannah Hotel Co. stock
55 bid, 80 asked.
Gas Stocks and Savannah Gas
Light Stock, 26 bid, q asked. Edison E,ec-
trio Illuminating Company 6 per cent.
bonds, l0jls bid, 1885, asked
Bank Stocks, Etc-Citizens Bank, 100
bid l2l asked, Chatham Bank, 107 bid,
los asked; Germania Bank, 1lS bid, 129
asked National Bank of Savannah, l29
bid asked; Merchants National Bank of
Savannah 94h bid, 95 asked; Oglethorpe
Savings and Trust Company. l07 bid, lOS
asked Southern Bank of the State of
Georgia, 13l bid, 1872 asked; Savannah
Bank and Trust Company III bid, 112 ask
ed; Chatham Real Estate and Improve
ment Company, A, 56la bid, 81 asked; B,
55A bid, Sc asked; Peoples Savings and
Loan Company. "a bid 95 asked.
Factory Bonds-Augusta Factory, i0t
bid, l02 asked; Sibley Manufacturing Com
pany 6s l02 bid 1903 asked; Eagle and Phe-
nix Mills per cent, bonds. due 1928, 1893
bid l05 asked; Bibb Manufacturing Com
pany, 1903 bid. 1854 asked
Factory Stocks.-Augusta Factory, So
bid, 50 asked Granitevllle Factory. 15O
bid 155 asked; Langley Factory, 81 bid,
10lh asked; Enterprise Factory, common,
80 bid, 90 asked; J. r. King Manufacturing
Company, 81 bid. 101 asked; Sibley Manu-
featuring Company, 6S bid. 70 asked; Sa-
vannah Brewing Company. l04 bid, 1O5
asked.
New York, May 16-Money on call was
steady at 21ali4 per cent; the last loan was
at 21a per cent. Prime mercantile paper,
312Q4A per cent. Sterling exchange firm,
with actual business in bankers bills at
&.S446h for demand, and at $4 S6a4. .8slb
for sixty days. Posted rates. $4S6GD4 86Ia
and $i.SSd4S81a. Commercial bills, AS41s.
Silver certificates, 61A@62c; bar silver,
61l6c Mexican dollars. 4Ssac Government
bonds were easy. state bonds were inact-
i've; railroad bonds were strong.
New York, May l6.-To-day's market
was remarkably quiet after the recent ex-
citement, the totaf sales being httle more
than half the number of shares sold DUR
ing the panicky two hours of Saturday.
Apparently there was no such thing as
bear speculator In existence but with the
exception of slight irregularity in prices
al the opening and a slight relaxat ton In
values in the last hour OF the market, the
course of prices were steadily held or
moved increasingly up This was rather
contrary to the general expectation, which
was that prices would tend downward In
the absence of buying by shorts, who
were largely closed out by yesterdays
rise, and with a less strenuous support
from the powerful alliance of capitalists
who came 10 the rescue of the market.
This combination was believed TO be sim
ply for the purpose of sustaining the
market against any precipltated attempt
at liquidation
Tine bull movement, which the late Mr..
Flower and his associates had inaugurated
previous TO his death was felt TO be bold
under existing conditions, and its con-
tlnuance in fun force was hardly looked
for. Under these circumstances there
seemed q fair probability that some OF
the uncertainties incident TO the situation
might cause reactionary tendency for a
time. But the professional traders after
the early transactions took the long side
of the market, and there was uninterrupt-
ed absorption Of an extremely varied list
of stocks throughout The day.
Any interruption to the advance threw
the market into a Fethargy and nothing
but a resumption OF the rise brought any
activity. London was scarcely q factor
either way, the market there being neg
lected on account of the uneasiness over
the situation IN China. Money In New
York worked decidedly easier under the
influence of receipts from the interior.
The money market benefited also from
yesterdays payment Of The final s. 100000
inslallment to Spain on account OF the
Philippine purchase.
The Flower stocks, especially Peoples
Gas and Brooklyn Transit enjoyed the
greatest advantage IN the days move
ments, but there we're notable advances
also in the stocks of the New York munIc-
ipal corpora lions on the prospect OF
amending the Ford franchise tax bin.
Stocks of the various steel and iron com
panies were also strong and there was
activity and strength In Chicago termi-
nal In the railway list Central and South
ern Pacific rose nearly per cent. on be-
lief of a beneficial effect of The Unihca-
ton Of the system. A number of other
railroads advanced point or over. and
Sugar is up points on the day. Tobacco
gained 5h points. The closing was near
the top and firm but quiet.
The advancing tendency of prices was
marked also in the bond department
There was a heavy absorption of Rock
Island As and the Atchison adjustment
As and Wisconsin Central firsrs were
also strong and active. Total sales. $3,77O,-
OC1
United states ss declined a ia the bid
price.
Total sales of stocks were 446, 800 shares,
including Central Pacific, 1920. Burling-
ton, l1050; Manhattan, II $50; Metropoli-
tan Traction, 9,255; Reading first PREFER
ed, 6 435, New York Central, 1925 North
ern Pacific. l50 Rock Island, 1868; Union
Pacific 4zS. 81 PAM Il hg5. Gnutbar,,