The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-02-09


tral of Georgia Railway third preferred in
comes bid, 81 asked; Georgia Railroad
6s, 1910, 11512 bid, III asked; Charlotte, Co
lumbia and Augusta first 5s los bid 1O7
asked; Charlotte, Columbia and Augusta
second mortgage Is, l19 bid, 12l asked:
Georgia Southern and Florida new IS. loss.
bid. 1882 asked; South Georgia and Florida
second mortgage Is, 100 bid, 1O1 asked:
Ocean Steamship per cent. bonds, 1926.
lOo bid, 1O6 asked; City and Suburban
Railroad first mortgage per cent bonds,
l0l BID, l0 asked; Alabama Midland 8 per
cent. Endorsed, 80 bid, 100 asked; Bruins
wick and Western IS 50 bid, 50 asked;
South Bound Railway IS, 9514 bid, 95s4
asked; Georgia and Alabama first PREFER
ed 5s, lO6 bid. 1O7 asked; Georgia and Ala
oama consolidated IS. 100 bid, l0l asked;
Eatonton branch. 99l5 bid 1OOl2 asked;
Central of Georgia. Middle Georgia and AT
lantic division SIS, SO bid, 100 asked.
Railroad Stocks-Augusta and Sayan-
nah, 100 bid, 107 asked; Southwestern,
1864 bid 107 asked; Atlanta and West
Point stock. 119 bid, 120 asked; Atlanta
and West Point 6 per cent. certificates,
10l1a bid 1921 asked; Georgia common, POI
bid POS asked
Gas Stocks-Savannah Gas Light stock,
"a bid, 25 asked, eX-div.
Bank Stocks, Etc.-Citizens' Bank. 1l2
bid, - asked; Chatham Bank, 100 bid 10l
asked Germania Bank, liz bid asked;
National Bank of Savannah, 127 bid,
asked; Merchants National Bank of
Savannah IS bid 81 asked; Oglethorpe
Savings and Trust Company, 1O5 bid, leel4
asked; Southern Bank of the State of
Georgia. 127 bid, 12S12 asked; Savannah
Bank and Trust Company, 1855 bid, - ask
ed; Chatham Real Estate and Improvement
Company, A. So bid 5312 asked; b, 5232
bid, 80 asked; Peoples Savings and Loan
Company 95 bid. 81 asked.
Factory Bonds-Augusta Factory, 105
bid. 106 asked Sibley Manufacturing Com
pany IS 100 bid, 102 asked; Eagle and
Phoenix Mills, per cent. bonds, due 1928,
10114 bid, 1913 asked; Bibb Mfg. Co., lOS bid,
1852 asked.
Factory Stocks-Augusta Factory, So
bid 65 asked; GraniteVille Factory t40
bid 145 asked; Langley Factory 100 bid,
101 asked; Enterprise Factory, common,
80 bid, "a asked; ]. r. King Manutactur-
ing Company, 100 bid, 101 asked; Sioley
Manufacturing Company, 20 bid, rs asked;
Savannah Brewing Company, lO5 Did, 100
asked
New York. Feb S.-Money on call was
rather easier at 214@212 per cent; the last
loan was at 21a per cent Prime mercan-
tile paper, 2249314 per cent. Sterling eX-
change steady with actual business in
bankers bills at "a. 1914 4.S51a for demand,
ana at 53 oot4I4.oo12 lOi SlAty Nd L 1871
rates, $4S4d4. S41s and s4.S6Q4S61s. Com
mercial bills, $4.s21ad4.SS. Silver certih-
Gates 591566O1bc. Bar silver 59ssc MeXi-
can dollars. 471kc. Government bonds
were irregular, state bonds were inactive,
and railroad bonds were irregular
New York, Feb S.-Stock prices closed
strong, with most stocks ruling above yes
terdays closing, although for the greater
part of the forenoon session extreme
% in 1TaNtiC1llW the n
tire list, partly the result of the impetus
of yesterdays decline. London bought
and sold alternately, and on balance sold
about 700 shares, the carrying rates there
indicating a fair supply of stock.
Practically all the local commission
houses had realizing orders at the OPEN
ing, a large part of which sales were APP
parently due to exhausted margins.
Many stop loss orders were caught on
the decline and general level was reach
ed of a point and over in the railways,
and in some of the SpecaltieS from to
points below yesterday. There was a
drop of about points in Great Northern
preferred, Pittsburg. Cleveland, Cincin-
natl, Chicago and st. Louis and National
Biscuit while Sugar and American Steel
were down points each. Monetary con-
ditions remain easier, and there was no
important news, except Aguinaldo's re-
quest for a suspension of hostiities, 10
which was attributed some improvement
in American stocks in the London mar
ket. It was said that one prominent
trader had 80, 900 shares of a leading stock
which it was understood were absorbed
by brokers who usually represent a very
substantial interest. Several large bull
houses were buyers on the decline of
stocks with which they are frequently
identified.
These purchases, being noticed, caused
some covering by traders, and by noon
the market started to rally and the
movement gained considerable Roadway as
the day progressed, and there were re-
coveries in practically every stock that
suffered on the decline. Chicago, Indian
apolis and Louisville preferred was ag-
gressively strong throughout the day, and
sold up 31a in expectation of an early div
idend. To the same influence was attrib-
uted 3-point rise in Reading first pre-
ferred Lake Erie and Western preferred
was constantly supported and moved up
points on favorable gossip. National Bis
cult, which had broken points early, be-
came buoyant toward the end, and jumped
6 points to IS. Other stocks in which
material rallies occurred late in the day
were Great Northern preferred and Cam
ada Southern among the railways, the
local traction and Gas stocks, Tennessee
Coal, and Rubber, Tobacco, Sugar and
American Steel.
The bond market received a fair meas
ure of attention from the bears in the
early trading, but subsequently developed
an improved tone under the leadership of
Wisconsin Central lists and st. Louis
Southwestern Ends. which rose strongly.
Total sales. s4.5OOOOO to-day. United
States As registered advanced Is, but do
coupon declined Is and the IS 4 in the
bid price
The total sa.es of stocks were 87S 100
shares, including -, $50 Atchison, 81, $40 do
preferred. 1880 Central Iowa, 5000 Central
Pacific $500 Chicago and Alton. $500 Del
aware, Lackawana and Western 1447O
Lake Shore, 1880 Louisville and Nash
vile, IS, 420 Manhattan. % 800 Reading first
preferred, 1880 Missouri Pacific. 5000 Chi
cago, Indianapolis and Louisville prefer
red, 20,120 New York Central, 80 100 North
ern Pacific, 1920 do preferred, $3.50 on
tario and Western, 1900 Rock Island 49,
620 Union Pacific, 1880 st. Paul. 13.095
Southern Pacific, 1920 Southern Railway.
1O,0l5 do preferred, $3.50 Union Pacific pre-
ferred, 10725 Wabash preferred, lG, 02O To-
T4atf mt ~