The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-01-15

per cent, indorsed. 80 bid. % asked; Bruins
wick and Western As, 50 bid, 81 asked;
South Bound Railway IS, 90 bid, IS ask
ed; Georgia and Alabama first preferred
5s, l05 bid, 1916 asked; Georgia and Ala
oama consolidated IS, 100 bid, asked;
Eatonton branch, 81 bid 100 asked; Cen
tral of Georgia. Middle Georgia and Al
landc division 5s. "a bid. 94l5 asked.
Railroad Stocks-Augusta and Savan-
nah, 1852 bid 106 asked: Southwestern,
1864 bid, 1854 asked; Atlanta and West
Point stock, III bid 100 asked; Atlanta
and West FONT 6 per cent. certificates,
10ll2 bid, 102 asked; Georgia common 200
bid, 2O3 asked.
Gas Stocks-Savannah Gas Light stock.
'25 bid, 20 asked; Electric Light and Power
Company. So bid, 80 asked.
Bank Stocks. Etc.-Citizens Bank 1l0i2
bid, 12 asked; Chatham Bank, IS
bid, 9S asked; Germanla Bank. 10 bid,
- asked; National Bank of Savannah,
127 bid. asked; Merchants National
| Bank of Savannah. SAG bid S6l2 asked;
| Oglethorpe Savings and Trust Company,
1912 bid, 1862 asked; Southern Bank of
| the State of Georgia, 127 bid, 12S asked;
| Savannah Bank and Trust Company 1914
bid, asked; Chatham Real Estate and
| Improvement Company, A. "a bid, ask
| ed; b, 521a bid asked eN-dX Peoples
Savings and Loan Company, 1872 bid, 81
asked.
Factory Bonds-Augusta Factory. 1O5
bid. 1O6 asked; Sibiey Manufacturing Com
pany 6s. 100 bid, 1902 asked; Eagle and
Phenix Mills 6 per cent. bonds, due 1928,
1912 bid, 1913 asked; Bibb Mfg. Co, 105 bid,
10 asked.
Factory Stocks-Augusta Factory, So
bid 65 asked; Graniteville Factory, 140
bid, las asked; Langley Factory, 100 bid,
1O1 asked; Enterprise Factory common, 80
| g. arrr inc
Company, 100 bid, 1Ol asked; Sibley Man
ufacturing Company, 70 bid. rs asked; Sa-
vannah Brewing Company, 1882 bid, 1O4l2
asked.
New York Jan. 14.-Money on call was
steady at 212 per cent, the last loan was
at 215 per cent. Prime mercantile paper
steady at 3G31a per cent Sterling eX-
change firmer, with actual business in
| bankers bills al 81 S4$46I4 IS for demand
and at 81. S214Gl4 SPY for sixty days. Posted
rates "a. SO and "a .S51z. Commercial bills
| 81 .SlG4.S11 Silver certificates 59Q60l5c.
Bar silver 591Ac. Mexican dollars 4Ac.
State bonds strong. Railroad bonds strong
Government bonds irregular.
New York Jan. 1.-THE weekly bank
| statement shows the following changes
| Surplus reserve, increase, $4,7S2, 100; loans,
increase, SO, 042 200; specie, increase, SAFE
| 500. Legal tenders, increase, $2,22 200; de-
posits, increased, s., 924,0OO; circulation, de
| crease, $3.50, 100. The banks now hold $685.
| 263, 075 in excess of the requirements of
| the 25 per cent. rule.
New York, Jan. 14.-Transactons on the
| Stock Exchange to-day were the largest
| for a two-hour session in many years and
| had the same volume continued for the
| usual five hours trading it would have
| been within a quarter of a million of 1000
| 600 shares. There were nearly 100 600 shares
dealt in and the average net rise in prices
was from l to points in the shares which
! figured most extensively in the dealings
! There was division of interest of spec
| ulator into higher priced stocks, Changers
| being the gamers. The excitement on the
! floor of the Stock Exchange was tremen-
| dous. There was an unusually large at
| tendance Of brokers for the short session.
| as the constant influx of outside orders
| render it necessary for large dealers to
transfer some of their business to the
| hands of small dealers at the regular COM
| mission between members. Stocks opened
buoyant and active. Higher priced records
! passed unnoticed in the confusion. Brok-
ers fell over one another to execute orders,
| and simultaneous transactions in many
! shares were wildly apart. London had ear
| ly received large purchasing orders from
this side, and the quotations from that
quarter showed general advances. The
rapidity of the rise brought out immense
| blocks of realizing sales, but the sustained
| buying power of the market absorbed all
! offering, after a temporary reaction and
| prices again mounted upward. The mar
! ket halted momentarily pending the pub
! hcation of the weekly bank statement, but
| upon its appearance, showing as it did an
increase of "a, 1872, zoo in the surplus reserve
| and $3,042 200 loan account, bulish enthus-
! iasm resumed with violence. Commission
houses were easily the largest buyers. The
| extreme gains in the Pacific were only
| fractional while in the Changers they
| ranged from in St Paul to in Burling-
ton and in the active Coalers from to 25s
! The Gould and Vanderbilt stocks were
! comparatively neglected, except Southern
Railway. Great strength and activity was
| shown in the Granger, Atchson, Reading
! Southern preferred, Federal Steel and
! Brooklyn Rapid Transit.
The market closed with some irregular
| ity, but generally strong and active, with
| important gains in many cases. note
| worthy feature was a large rise in Burling-
! ton, on renewed gossip concerning the
! prospective refunding of their outstand-
ing bonds. This talk, however, was but
| little more definite than usual. New York
| Air Brake made an extreme advance of
| points, while Southern Railway preferred
| and Atchison preferred were up over 2
| points each, and Federal Steel common
which has lately been rather neglected
| although reacting from top prices, ended
with a net gain of 15s. The largest trad
| ing in any speciality was in Brooklyn
Rapid Transit, which had an initial rise
! of points on confirmation of it's acuir-
ing control of the Nassau Electric Com
| Dany.
Dealings in the bond market were at
| tended with the usual marked variations
! in the semi-speculative issues during the
| week.
There was In general a disposition to
employ idle capital in the stock trading
where the rapid fluctuations gave promise
| of a speedy, Profitable return. Investment
| houses reported that their books were fill
ed up with orders for prime liens aud. al
| though issues of this character came to
! hand through foreign sales, the absorption
! power of the market prevented any shad-
| ing in prices.
United States Is advanced a and the IS
! and the new As Il in the bid price. United
! States IS coupon declined p; United States
5s registered a and the old Is registered X
The total sales of stocks were 7OS, 4S5