The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-02-05

anu NtSN rum y per cent NGA tAAAteAtNHf
10ll2 bid, 1922 asked; Georgia common, 24
bid POS asked
Gas Stocks-Savanuah Gas Light stock,
"A bid p asked, eX-div
Bank Stocks. Etc.-Citizens Bank, III
bid, - asked; Chatham Bank, 100 bid, l0l
asked; Germania Bank, 112 bid. - asked;
| National Bank of Savannah, 127 bid.
- asked; Merchants National Bank OF
Savannah, 50 bid, 81 asked; Ogiethorpe
Savings and Trust Company, lO5 bid
105lS asked; Southern Bank of the State
of Georgia, ~ bid 12SIh asked; Savannah
Bank and Trust Company, 1864 bid,
asked; Chatham Real Estate and I'M
provement C0mpany,A. 521a bid, 5S1a asked;
b, 5212 bid, SO asked; Peoples Savings ana
Loan Company, 81 bid. ss asked.
Factory Bonds-Augusta Factory. 100
bid, 1O6 asked; Sibey Manufacturing Com,
pany 6s. 100 bid 1902 asked Eagle and
| Phoenix Mills s per cent. bonds, due lSzS'
10lls bid, 10S asked; Bibb Mfg Co., lOo pa
| ITO asked.
Factory Stocks-Augusta Factory, 90
bid So asked; Graniteville, Factory, lio
bid, AS asked Langley Factory, 100 BID,
1Ol asked; Enterprise Factory common, W
bid, 81 asked, J. r. King MANUFACTURING
Company, 100 bid, 1O1 asked; Sibley Man
ufacturipg Company, 20 bid, rs asked; sa-
vannah Brewing Company, 100 pld, IVo
asked.
New York. Feb. 4.-Money on call was
| paper, 2lbGG3M per cent Sterling exchange,
firmer with actual business in bankers
| bills at $4.S54GLS51a for demand. and 4S51a
| GltS3% for sixty days; posted rates Asf@
/ 4S4l5 and S4.S664.S615; commercial DIS,
| $4.S212; silver certificates, 59l9Q6O1zc; har
silver, 599sc Mexican dollars, 47c; state
| bonds inactive; railroad bonds, firm; gov
eminent bonds, irregular
New York, Feb. 4.-Weekly bank state
| pent shows the following changes:
+ Surplus reserve, decreased $l,TS35O;
loans, increased $15,154, 400; specie increas-
ed So, 10, 500; legal tenders, decreased $780,
| 600; deposits, increased $1S3S5,000; circula-
| ton, increased sos, 400
The banks now hold $SS, 452,675 in excess
| of the requirements of the Is per cent.
rule.
New York, Feb. 4-The market was
| strong the greater part of the day, but
| early gains were lost and prices receded
| until they had a slight net loss on the
| day. The bank statement decrease In sur.
| plus of about one and three-quarter mill
| ion dollars was the ostensible reason for
prices running off in the late dealings.
| London was a purchaser in this market
and the tone there for American securities
ended firm. Locally there was continu-
| ance of purchases by large interests noted
| yesterday and round amounts of short
| contracts were covered.
Confident buying of high-priced stocks,
| including New York Central and Penn
sylvania gave strength to the rest of the
| list 1t was announced that New York
| Central was TO operate the Western Shore
more directly and that a separate organi-
cation would be maintained only as far as
| the West Shore board was concerned.
Among the other stocks showing con-
| spicuous strength on the rise were Wheel
ing and Lake Erie preferred, Northwest
Rio Grande and Western preferred, Dem
| yer preferred, Canada Southern, Cleveland
| Cincinnati Chicago and st. Louis and St
| Louis and Southwestern preferred which
| rose from / to points. Metropolitan adj
vanced points, of which 1t retained o.
| Third Avenue Jumped 111A, of which il lost
| AZ. and Consolidate ted Gas and Brooklyn
Union Gas retained ga and 219, respective
| ly, of large advances. In explanation of
| the strength in these stocks it was said
| Metropolitan was to absorb Third Avenue.
This however, was denied and the pur-
chases of Metropolitan were said to be
based on results expected from the opera
ton of extensions about completely. The
strength of the Gas stocks was on a con-
tinuance of consolidation talk
Great Northern preferred, held points
of an even greater rise on intimation of a
possible distribution of assets to stockhold-
ers. International Silver gained 33s on the
| day. Lake Erie and Western preferred
| dropped six points on being relegated to
the non-dividend paying rank, but recov-
cred more than half of the loss. The com
mon stock showed sympathetic weakness
| early but recovered and ended with
| fractional advance.
The bank statement which affected sem
| timent adversely, was a surprise In several
| respects. The increase of some $15000OO
| in the loan account was not due 20 rou-
| tine transactions, but was attributed to
the financing of a number of deals of
| great magnitude in railway projects, and
| Industrial combinations. Then again ex-
tensive credit was said to have been given
to foreign sellers who were Obliged to
borrow until the securities reached here
| from abroad.
Business in bonds during the week was
on normal basis, with a good under
tone. There were alternate periods of
strength and weakness in the speculative
issues which gave the market an irregular
| aspect.
United States IS advanced u. and the
5's, registered. Il, the new As declined Is
in the bid price.
The total sales of stocks were 1856 800
| shares, including q, $50 Atchison preferred;
| $3.50 Canada Southern; $3.50 Central Pa
| cifc; 1880 Chesapeake and Ohio; 1906
Burlington; 7,45O Denver and Rio Grande !;
| 1890 Louisville and Nashville; 1870 Man
|
Erie and Western preferred; 27,7S5 New
York Central; 0,12O Northern Pacific; Il APO
Union Pacific; 13110 st. Paul. $3.50 South
ern Railway preferred; 61A International
Paper; 500 Tobacco; $500 Federal Steel !;
$3.50 do preferred; 1920 Peoples Gas; $500
Consolidated Gas; 1888 Brooklyn Transit;
TO- 6O Sugar; $3.50 Tennessee Coal and Iron.
New York Closing Stocks.
Atchison ....2215l do do pref =. 70 |
do pref ...... 611s do do I'd pref. 4l7sl
B. & Ohio -. II st. l.. & S. w. 1914
Can. Pacific -. S6 do do pref -. 279s
Can. Southern CO.'S st. Paul LIFTS
Cent. Pacific =. 515s do pref ........16S
Ches. & Ohio :. 297sf ST. p. & Om... 1874
Chi. & Alton lib do do pref ....17O
| Chi, h. & @. .1S47s So. Pacific ...... 403f
Chi. & E. M. 661A, So. Railway -. 1873
do pref .......116 do pref ...... 5Ols
Chi. G.. w. .... 1878 Tex. & Pacific. 2O55
Chi, Ind. & L.. s Union Pacific =. MA
do do pref -. 30 do pref ........ S0A
Chi. & N. w ..14s34 u. p. d. & c.. 1924