The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-03-12

ed; Chatham Real Estate and Improve
ment Company, A. IS bid, SO asked; B, 81
bid. So asked Peoples Savings and
Loan Company. sc bid, 81 asked.
Factory Bonds-Augusta Factory, 1Ol
bid. 1O2 asked; Sibley Manufacturing Com
pany 6s, 1O2 bid. 1903 asked; Eagle and
Phenix Mills, per cent. bonds, due 1928
1917 bid 1OS asked; Bibb Manufacturing
Company, 103 bid, 1852 asked.
Factory Stocks-Augusta Factory, SIS
bid 50 asked Graniteville Factory, $50
bid, 155 asked; Langley Factory, 81 bid,
1912 asked; Enterprise Factory, common,
80 bid. 80 asked: J. r. King Manufactur-
ing Company 81 bid. 1O1 asked Sibley
Manufacturing Company, 6S bid, 70 asked;
Savannah Brewing Company, 1Q4 bid, 100
asked.
New York, March 11-Money on call
was steady at 21sdS per cent; the last
loan was at per cent. Prime mercantile
paper S140414 per cent; sterling exchange,
steady, with actual business in bankers
bills at $4.s51a64S5a4 for demand, and at
81. S3S4G4.S4 for sixty days; posted rates,
81. S411a14.S5 and $4.S614d4S7; commercial
bills, 81. S21k64S3 Silver certificates. NOM
inally, 591zd601kc; bar silver, 59s4c; Next
can dollars, 4755c State bonds were strong;
railroad bonds were strong; government
bonds were easier.
New York, March 1.-THE weekly bank
Surplus reserve, decrease, $1,S75,12S; loans
decrease. So, 062 900; specie, decrease, $2,20l,-
600; legal tenders. decrease, 1,2O6,SoO; de-
posts, increase, Sis, 100; circulation, de-
crease, 700
The banks now hold so, 2O3.O 900 in excess
of the legal requirements.
New York March 11.-Quotations on the
Stock Exchange left off fractionally above
yesterdays close and near the highest.
or he or WAS Of a hnGtfating
character, showing a disposition to follow
any move in the specialties. This was in
dicated by rise in Sugar. the improve
ment in this stock cancelling the earlier
decline
The general market moved sympathetic
caly, but very narrowly. Subsequently
there was a raid on Metropolitan Street
Railway, which dropped points. This in
cident stimulated short sales on the other
stock with concessions quite material in
Manhattan. Brooklyn Transit, Sugar and
Ray State Gas. The latter was particular
~ influenced by the action of the Boston
exchange authorities in disseminating
trading in the stock. This action was sub
seQuently taken by the governors at the
local exchange The railway shares moved
very sluggishly and attempts to improve
| them were retarded by the heaviness in
| Union Pacific issues in which foreign SELL
| ing was quite pronounced. Various pes
smistic expressions as to the probable
| character of the bank statement, which
had been rife during the week, were part
| ly eradicated when the statement was pub
| iished. The salient feature of it was
contraction in surplus reserve of only ST.
375, 125. The loan account showed a reduc-
| ton of over 50 100000. Cash decreased $4,-
Alb 900, which reflected sub-treasury oper-
atoms in connection with the Central Pa
cific settlement. The statement was re-
ceived with considerable favor in the
| street and induced active buying, raising
the general level of prices above last night
The closing was strong and active.
The bond market followed the tendency
| of stock prices, pretty closely during the
week, which caused considerable irregu-
larity in the dealings. The market, as a
whole, showed a very substantial under
| tone, and some striking gains were re-
corded in issues which do not usually as
| sumo much prominence in the trading par
tcularly the Missouri Pacific mortgages.
| Special influences were instrumental in
effecting wide changes in numerous cases
United States old As registered, declined
Il, the new As %, the SIS and the Old As
| coupon, a, and the IS, II in the bid price
| The total sales of stocks were 3l5 400
shares including II ,575 Atchison prefer
| red, 5000 Central Pacific, 6,S65 Metropoli-
| tan Street Railway 900 Reading first
| preferred, 1920 Ontario and Western, 49,
$50 Union Pacific, S755 Union Pacific pre-
ferred, 10.055 ST. Paul, 1880 American Steel
| and Wire, $500 American Tobacco $500
Bay State Gas, 500 Consolidated Gas, TO-
$50 Brooklyn Rapid Transit, "a, 40 Sugar
| $500 Tennessee Coal and Iron.