The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-03-22

wick and Western As SO bid, So asked;
South Bound Railway 5s. 1902 bid, 1903
asked; Georgia and Alabama first pre-
ferred IS, l07S4 bid, 10Sls asked; Georgia
ana Alabama consolidated 5s. 100 bid, l03
asked; Eatonton Branch 100 bid, 1Oi
asked; Central of Georgia. Middle Georgia
ed.
Railroad Stocks-Augusta and Savan-
nah, 1881 bid, asked; Southwestern. 10
bid, - asked; Atlanta and West Point
stock, l4 bid, asked; Atlanta and
West Point 8 per cent. certificates. 1OS
bid, 1OSh asked; Georgia common, 205 bid,
POS asked; Georgia and Alabama stock
80 bid. 36 asked.
Gas stocks-savannah Gas Light stock
q bid, - asked.
Bank Stocks Etc-Ciuzens Bank III
bid, llS asked; Chatham Bank, 1O4 bid
lH1a asked; Germania Bank 116 bid, -
asked; National Bank of Savannah, 12SIs
bid, - asked; Merchants National Bank
of Savannah, 80 bid 81 asked; Oglethorpe
Savings and Trust Company, 107 bid. 49,
asked Southern Bank of the State of
Georgia, 129 bid, 100 asked; Savannah
Bank and Trust Company 1O7 bid, ask
ed; Chatham Real Estate and Improve
ment Company. A, Sc bio, 81 asked; b, 55h
bid, 56A asked; Peoples Savings and
est.
Factory Bonds-Augusta Factory. 10t
bid, 102 asked; Sibley Manufacturing Com
pauy IS, 102 bid, l03 asked; Eagle and Phe-
nix Mills, per cent. bonds, due 1928 1OlIh
bid, 1903 asked; Bibb Manufacturing Com
pany 1903 bid. 1O515 asked
Factory Stocks-Augusta Factory. IS
bid. SO asked; Granitevile Factory, $50
bid, 1o5 asked; Langley Factory, 81 bid
10l1s asked; Enterprise Factory, common
80 bid, 80 asked; ]. R. King Manufacturing
Company, 81 bid, l01 asked: Sibley Manu-
featuring Company. 6s bid asked; Savan-
nah Brewing Company. 104 bid. 1O5 asked
New York, March 2l--Money on call was
easier at 3@6 per cent; the last loan was
at per cent. Prime mercantile paper 81
@4l4 per cent. Sterling exchange steady
with actual business in bankers bills at
A.S5Aq4S5l2 for demand and al $lS3GI4. S3l4
for sixty days; posted rates aS4G4 $40
and %.S6n4. S61s. Commercial bills 81. S2ls ;
silver certificates nomlnally 6Od6O1sc Bar
silver 59%. Mexican dollars 47&c. Gov
eminent bonds We're Irregular; state bonds
were weak; railroad bonds were irregular
New York, March 2l.-The professional
character of the trading to-day was shown
by the fact that of the $50, 600 shares trad
ed in, nearly half were in the two stocks
which moved erratcally, Sugar and
Brooklyn Transit.
Immediately after the opening HE lead
Ing industrials were pressed for sale. SYM
pathetically with the sudden declines In
Sugar and Brooklyn Transit An idea OF
the violence of the movement In the spe-
ciaities is conveyed by the fact that the
Sugar dropped IA points from the highest
in the morning and Brooklyn Transit ~.
Subsequently they each recovered 7 points
from the lowest. leaving Sugar per cent.
off on the day and Brooklyn Transit "a
un.
Accompanying the decline in Sugar there
was disseminated the denial by an anonv-
nous official of the company that any deal
with competitive firms was in existence.
The early decline In Brooklyn Transit APP
peared to be realizing, on the announce
ment of the company's absorption OF
Brooklyn Elevated The rally seemed to
be buying on advance information that
the Brighton Beach Railway had been
bought in the interest of the transit com
pany.
The prospect that the Third avenue line
might have 10 give up its Amsterdam ave
nue. privileges resulted In a break OF 129l
in Third Avenue, which dipped to 200
The general market showed moderate
sympathetic movements with the leaders.
and developed weakness when call money
rates reached per cent, and then rallied
when money worked easier to per cent
The bulk of the business was transacted
around per cent for call money and time
money was up Y to per cent from four
TO six months on railroad collateral, with
industrial collateral accepted at higher
rates.
Besides the financing of Industrial com
binations, there are several reasons for the
present stiff money rates. One Is the pay
ment every ten days, making six pay
ments in ALL of 100000 TO the govern
ment in settlement of Central Pacific OBJ
legations.
Another reason is the preparation for
the April dividend and interest disburse-
mems and third is tendency 10 dis
count an interior movement of money,
which it was calculated would last about
three weeks.
London was a seller to-day of a moder-
ate account of the Union Paclfics. New
York Central and st. Paul which stocks,
however, showed fractional advances.
American and Continental Tobacco. after
Wild fluctuations, closed with some I'M
provement.
The Pacihcs, except Northern Pacific
preferred. were up fractionally while Cen
trail Pacific and Southern Pacific gained
over / point each. The Changers moved
up slightly either way. and the market
closed with an unsettled tone
The bond market lacked a decisive tone,
and gave alternate appearance of weak
ness and strength, with the upward ten
dency in vogue al the end. United States
SIS advanced H. and the new As coupon "A
in the bid price. The old As coupon de-
c!iSed "a.
The total sales OF stocks we're 629. 400
shares, including 1905 Atchison preferred.
1885 Central Pacific, II, 1876 Burlington, II, -
365 Manhattan. $3.50 Reading first prefer
red 7,O45 New Jersey Central, $500 New
York Central. 1886 New York Central pre-
ferred II. AIS St. Paul, 24.945 Southern Pa
ciic, 25,45S American Steel and Wire, 10, -
$50 American Tobacco, $3.50 Federal Steel,
10, $50 Peoples Cas- 1875. 559 Brooklyn Rapid
Transit, 1860 Sugar. 1885 Tennessee
Coal and Iron $3.50 st. Louis and South
western preferred.
New York Closing Stocks.
Atchison .... -. 2lbSt. Paul ........1279s
do pref. ....... 90 do pref. ........173
Bait & Ohio SO ST. p. & ON. =. 721k
Can. Pacific .... &il do do pref. ....174
Can. Southern. 571a So. Pacific .... 36ib
Cent. Pacific e. SO%so. Railway go. 1874
Ches. & Ohio =. 261z do pref. ....... 40
Chi & Alton In Texas a. Pacific %