The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-02-19

Phoenix Mills. per cent. bonds. due 1928.
1Olta bid. 100 asked; Bib Mfg. Co., 1oS bid.
1851 asked.
Factory Stocks-Augusta Factory, s.
bid 65 asked; Graniteville Factory, 15O
bid, 155 asked; Langley Factory, "a bid.
10l1s asked Enterprise Factory, common,
IS bid, 80 asked: ]. r. King Manufaetur-
ing Company. 81 bid, 1O1 asked; Sibley
Manufacturing Company, IS bid, % asked;
Savannah Brewing Company. 100 bid, los
asked.
New York. Feb. 1s.-Money on call was
steady at 2G21s per cent; the last loan
was at 2is per cent Prime mercantile
paper, 2a4qSl4 per cent. Sterling exchange
steady with actual business in bankers
bills at 81. S6d4. ssh for demand, and at
$LS4Q4S414 for sixty days; posted rates,
S4.S5Gi4S7; commercial bills, A.SSd4.S34.
Silver certificates nominal, 591sd6015c; bar
silver, 59s4c; Mexican dollars, fA4c; state
bonds inactive; railroad bonds strong;
government bonds steady.
New York. Feb. 1S.-The weekly bank
statement shows the following changes:
Surplus reserve, decrease, $1,1SSOOO; loans,
increase, $. 567. 100; specie, increase. 1854
COO; legal tenders. decrease $2.493.700; de-
posits, increase, S9,11S, 200; circulation, de-
crease. 81 300.
The banks now hold So, s7S S25 in excess
OF the requirements of the % per cent
rule.
New York, Feb. 1S.-The net changes in
stocks prices for the day were irregular
with slight fractional advances predomi-
mating, although in some important stocks
the advance was considerable.
The dealings were very large for a Sat
urday short session, almost 100000 shares
being traded in. London was early a SELL
er and later repurchased about half of that
amount.
A more confident sentiment regarding
the situation at Paris accompanied the
election of a new President of France
Houses with Washington and Chicago con-
nections appeared as liberal purchasers,
and the selling was scattered. The stand
ard shares were generally strong, while
the feature of the market was the sensa-
tional advance in Tobacco, which made
net gain of TIA, after an extreme ad-
vance of almost 20. The dealings in this
stock were of very sensational charac-
ter, the variations between sales running
either way from l 10 points.
The movement was generally consider
ed as directed against the short interest.
Various reports were current of absorp-
ton or friendly relations being established
with the company's most conspicuous RI
val, but these stories were denied in 9TH
er quarters. The market became irregu-
lar after the opening exhibition of
strength, realizing sales being offset by
confident buying in others. Burlington
was damned down 2 points, and the other
Changers and railroads, which have been
strong, crumbled. Meanwhile Manhattan,
which broke points on the order for the
removal of the elevated structure in Bat
terry Park, recovered most of its early
loss. 1t was the aggressive strength of
Tobacco which steadied the rest of the
Industrials including Sugar
Metropolitan Street Railway and Third
Avenue displayed considerable strength,
as did number of the low-priced stocks.
including Texas Pacific, st. Louis and
Southwestern preferred, and Chicago Ter
minal.
After the first hour many stocks went
up at a lively rate. The appearance of
the bank statement, which while about as
expected, showing a decrease in surplus
and an increase In loans, brought about
considerable realizing, but covering Of
shorts lifted prices again to some extent.
The market closed active and strong.
The weeks bond market furnished a
number of features, including a revival
of activity in the Central of Georgia is
sues, which ordinarily are dull The mar
ket generally displayed an advancing ten
dency, with considerable increase in ac-
tivity toward the end.
United States new As and the 3's declin-
ed 4, and the old As. registered, and the
5's, coupon, Is in the bid price
The total sales of stocks to-day were
67S,30O shares, including 1880 Atchison
1890 do preferred, 27,7SO Central Pacific,
72,6S0 Chicago, Burlington and Quincy, s.
100 Illinois Central, 10 COS Manhattan. 1920
Metropolitan Street Railway, $1,000 Read
ing first preferred, $3.50 New York Cen
trail, 10,O25 Northern Pacific, II, $40 do pre-
ferred, 1880 Rock Island 1920 Union Pa
cific, $3.50 Southern Pacific, $500 Texas
and Pacific. 1900 Union Pacific preferred
800 Tobacco. 1850 Federal Steel 1920
do preferred, 1920 Peoples Gas, $50
Brooklyn Rapid Transit, 1920 Sugar
New York Closing Stocks
Atchison -. =. 2SA do do ID pref ASH