The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-01-12
PAGES 9 TO 10.

per cent due 1920 1l6 bid asked; South p
Carolina 415s Ill bid 112 asked.
city Bonds-Atianta ~ per cent, 1928.
l06 bid. asked. Augusta 31k. 1928, 1914
bid, lO2 asked; Augusta I1as 1925. 107 bid.
los asked; Augusta : per cent, Ill bid, 112
asked, Augusta per cent. Ill bid. 113
asked; Columbus per cent. 107 bid. los
asked; Macon per cent. lis bid, ask
ed; Macon ilhs, 1926. l05 bid, - asked; Sa-
Vannah per cent, quarterly April cou-
pons, 1l2 bid, l13 asked; Savannah
per cent, quarterly February commons
IVA bid, 1924 asked; Charleston As. 10l bid
1929 asked.
Railroad Bonds-Savannah, Florida and
western Railroad general mortgage bonds
per cent. interest coupons, Hs bid. 1l9
asked; Savannah Florida and Western
Hrst mortgage per cent. gold bonds, due
1874, 40 bid III asked; Central Railroad
ana Banking Company collaterals IS, %
bid, 80 asked; Central of Georgia Railway
hrst mortgage 5s 50-year gold bonds 11s
bid, ll9 asked; Central of Georgia Railway
irst consolidated mortgage 5s. 921s bid,
W asked; Central OF Georgia Railway
hrst preferred incomes, 40 bid, Al asked;
Central of Georgia Railway second pre-
ferred incomes, 1914 bid, 1874 asked; Cen
trail of Georgia Railway third preferred in
comes, bid, asked; Georgia Railroad
6s 1910, ia bid 116 asked; Charlotte. CO.
lumbia and Augusta first 5s, 1906 bid, l07
asked; Charlotte, Columbia and Augusta
second mortgage rs. III bid, 1ls asked:
Georgia Southern and Florida new S. 100
bid 40 asked; South Georgia and Florida
second mortgage Is, 100 bid l0l asked;
ocean Steamship per cent bonds, 1876,
lOo bid 1906 asked; City and Suburban
Railroad first mortgage per cent. bonds,
lO2 bid, lOi asked Alabama Midland 5
per cent, indorsed. 80 bid 95 asked; Bruns-
nd IA On IL 90
South Bound Railway IS, 81 bid, 9215 ask
ed; Georgia and Alabama first preferred
0s Jos bid LOG asked; Georgia and Ala
bama consolidated 5s 100 bid asked;
Eatonton branch, 81 bid, 100 asked; Cen
trail of Georgia, Middle Georgia and Al
lantic division IS, 9i1a bid. 951s asked.
Railroad Stocks-Augusta and Savan-
nah. 1851 bid. 1864 asked, ex-div. South
western, 1864 bid, 1861 asked ex-div.;
Atlanta and West Point stock, ZIG bid,
ll8 asked, ex-div.; Atlanta and West Point
6 per cent. certificates, 1902 bid, 101ia
asked, ex-int.; Georgia common, 1917 bid,
200 asked
Gas Stocks-Savannah Gas Light stock.
25 bid, 26 asked; Electric Light and Power
Company, So bid, 80 asked ex-div.
Bank Stocks, Etc.-Citzens Bank 109
bid, asked, ex-div; Chatham Bank, 4S
bid, 4S1A asked, ex-div.; Germanla Bank,
1903 bid, - asked. ex-div.; National Bank of
Savannah, l24 bid. asked ex div; Mer-
chants National Bank SO bid S6Is asked;
Oglethorpe Savings and Trust Company,
l03h bid, 104 asked, ex-div; Southern
Bank of the State of Georgia, 127 bid 1913
asked ex-div.; Savannah Bank and Trust
Company, 10S bid, asked, ex-div.; Chat
ham Real Estate and Improvement Com
pany, A. "a bid, asked; b. SPY bid. =
asked -exdiv.; Peoples Savings and Loan
Company, 1914 bid "a asked.
Factory Bonds-Augusta Factory, 1O5
bid, l06 asked; Sbley Manufacturing Com
pany 6s, 100 bid. 102 asked; Eagle and
Phenix Mills per cent. bonds. due 1928,
l0lh bid. 1OS asked; Bibb Mfg. Co, 105 bid,
10 asked.
Factory stocks-Augusta Factory, IS
bid, 65 asked; Graniteville Factory, 40
bid. Jas asked; Langley Factory 100 bid.
1Ol asked; Enterprise Factory common. 80
bid, "a asked; ]. r. King Manufacturing
Company, 100 bid, 101 asked; Sibey Man
ufacturng Company 20 bid, 76 asked; Sa-
vannah Brewing Company, 1O3 bid, 1Oi
asked.
New York. Jan. 11.-Money on call was
steady az 2laa3 per cent; the last loan
was az per cent. Prime mercantile pa-
per. Sq3A per cent. Sterling exchange
steady, with actual business In bankers
bills at &s414q4.s 4s4 for demand, and at
"a s2a4 S2h for sixty days. Posted rates.
nj
Silver certificates, nominal 591kd6OIbc; bar
silver, 59hc; Mexican dollars. 46ssc Gov
ernment bonds easy; state bonds Inactive:
railroad bonds weak.
New York Jan. I-Directors' meetings
were responsible for considerable yaria-
lions IN the character of the stock spec-
ulation to-day. As is usually the case.
forecasts were rife as to the probable ac-
ton of the various directories in session.
Ntyh
market values OF the securities Interested.
The most important development was the
action OF the Louisville and Nashville d.
rectors In replacing the stock In the cate
CORY of dividend payers. The report sub
mitted for the six months ending Dec 81
showed total income as 81 437, 622 and sur
plus OF 81, 426799, after deductinR fixed
charges and sinking fand requirements.
This exhibit prompted the management to
declare a dividend of 11s per cent. out OF
the earnings for that period, which may
foreshadow a regular annual disburse-
ment of per cent. The dividends on this
property were suspended in 1893 and a
reduction of 10 per cent. was made in the
salaries of the employees, with a proviso
that they would be restored when earn
ings warranted it. This promise was car
ried out last year, and the successive IA
vorable character of the traffic statements
published aroused expectations with the
investment public that dividends would
soon be declared on the stock.
The proceedings Of the Sugar directors
were also viewed with considerable inter-
est, as Il was minated that some public
tty would be given as the result of the
conpany's operations in the pending trade
war. The stockholders ratification of the
action of the directors in voting to reserve
the profits of the company as working
capital was interpreted by the bears as
indicating a possible abandonment of div
idend payments. The stock was thrown
on the market In large volume and suf-
feed TO check the aggressive upward
movement, which was in progress on the
announcement that the Senate committee
had agreed to the report without amend
ment on the peace treaty.
The market in general presented other
features of striking interest, including, as
1t did, an outburst of investment buying.
which improved the standard shares from
/ 10 points. The Vanderbilt stocks were
unusually prominent and "A hurst Of ami