The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-03-19

Bank and Trust Company, 107 bid ask
ed; Chatham Real Estate and Improve
ment Company, A. Sc bid, 81 asked: B, IS
bid. 5s asked; Peops's Savings and
Loan Company, % bid. IS asked.
Factory Bonds--Augusta Factory, lOl
bid. 102 asked; Sibley Manufacturing Com
pany 6s. 102 bid. 1O3 asked Eagle and Pie
nix Mills. per cent. bonds. due 1928. 1917
bid, 103 asked; Bib Manufacturing Com
pany. 1903 bid, 1854 asked.
Factory Stocks-Augusta Factory, SIS
bid, 50 asked; Granitevihe Factory, 15O
bid, 1855 asked; Langley Factory, 81 bid.
l0ll5 asked; Enterprise Factory, common,
80 bid 80 asked; J. r. King Manufacturing
Company 81 bid, 101 asked; Sibley Manu-
featuring Company. IS bid. 70 asked; Savan-
nah Brewing Company. lO4 bid 105 asked.
New York. March 1S.-AIoney on call was
firm al Sq4 per cent; the last loan was
at per cent; prime mercantile paper, ga
Q4A per cent Sterling exchange steady.
with actual business in bankers bills. az
&.S54Q4S5l2 for demand. and at S4.SSG
1884 for sixty days; posted rates. 81. $40
ASH and AS6Q4.S61s; commercial bills,
A-S2l2 Silver certificates nominally 601
6Ol2c; bar silver, SO 1880; Mexican dollars.
41S4c State bonds were steady; railroad
bonds were weak; government bonds were
weak
New York. March 1S.-The weekly bank
statement shows the following changes:
surplus reserve, decreased "a 12S, S25; loans
decreased $S5SS,000; specie, decreased So
1880; legal tenders, increased sci, 100: de-
posits, decreased s., SOS. 500; circulation, de-
creased 1851, 800. The banks now hold 49,
O94 175 in excess of the requirements of the
% per cent rule.
New York March 1S.-The change In
stock prices compared with yesterday was
very narrow. In the early trading prices
drifted downward, notably Continental To-
bacco. International Paper, Glucose, Amer
lean Steel and Wire, Brooklyn Transit
Burlington, Texas Pacific, and Metropoli-
tan Street Railway.
The movement seemed to he In the ma
ture of discounting an unfavorabfe bank
statement for when it was published, show
ing decrease of over $4,000000 in the sur
plus reserve, but a contraction of some
$S,5OOO00 in loans, a covering of short con-
tracts set in. Metropolitan, brooklyn
Transit, and most of the other stocks
which had shown earlier recessions, were
lifted smartly.
Interest very largely centered in Sugar
again to-day, and the stock closed within
a fraction of the high point, 1721z yester-
days closing being 1912. Tennessee Coal
and Iron also showed improvement on the
day.
There were declines Of from fractions to 8
per cent in Tobacco, and some of the new
industrials, including Continental Tobacco
International Paper, American Tin Plate
and American Steel and Wire. The rail-
ways left off practically on a parity with
yesterdays closing. The market closed
strong and active.
Business in bonds decreased during the
week with the market showing yielding
tendency. L. S. 3s, old As registered, and
the new As coupon. advanced IS and do reg
istered, the IS and old As coupon Il in the
bid price.
The total sales of stocks to-day were 351, =
800 shares, including p, 10 Atchison pre-
ferred; $50 Chicago, Burlington and
Quincy; $685. Metropolitan Street Railway;
6,l45 Northern Pacific; $3.50 Union Pacific;
$3.50 do preferred; 7,720 Texas Pacific; g.
$50 St Paul; 2624O American Steel and
Wire; $500 Federal Steel preferred; 49,
~ Peoples Gas; $3.50 Brooklyn Rapid
Transit; 69,240 Sugar; 1850 Tennessee Coal
and Iron.