The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-02-08

wick and Western As, 50 bid, So asked;
South Bound Railway IS, 95ia bid, 96h
asked; Georgia and Alabama first PREFER
ed IS, 100 bid, 107 asked; Georgia and Ala
bama consolidated 5s, 100 bid, 101 asked;
Eatonton branch. 99i5 bid, 1908 asked
Central of Georgia. Middle Georgia and At
lantic division Is. SO bid, 100 asked.
Railroad Stocks-Augusta and Savan
nah, 10615 bid 1O7 aked; Southwest tern,
1O612 bid, 107 asked; Atlanta and West
Point stock 119 bid, 120 asked; Atlanta
and West Point per cent. certificates,
1919 bid 1922 asked; Georgia common, 20l
bid, 205 asked.
Gas Stocks-Savannah Gas Light stock
"a bid 25 asked, ex-div.
Bank Stocks Etc.-Citizens' Bank, 112
bid - asked; Chatham Bank. 100 bid 101
asked Germania Bank, 1l2 bid, asked;
National Bank of Savannah 127 bid.
- asked; Merchants National Bank of
Savannah, So bid, 81 asked; Oglethorpe
Savings and Trust Company, 105 bid, 1855
asked; Southern Bank of the State OF
Georgia, 127 bid. 12S1s asked Savannah
Bank and Trust Company, 1861 bid - ask
ed; Chatham Real Estate and Improvement
Company, A, So bid 53I2 asked B, 52l2
bid So asked; Peoples Savings and Loan
Company, 9e bid, 81 asked.
Factory Bonds-Augusta Factory, 105
bid, 100 asked; Sibley Manufacturing Com
pany bS, lUu Did, lUl dSheus EdStt uuN
Phoenix Mills, 8 per cent. bonds, due 1928,
1919 bid, 1O8 asked; Bibb Mfg. Co., 10S bid,
1862 asked.
Factory Stocks-Augusta Factory, So
bid, 65 asked; Graniteville Factory, 40
bid, las asked; Langley Factory, 100 bid,
1O1 asked; Enterprise Factory, common,
80 bid, 81 asked; ]. r. King Manufactur-
ing Company, 100 bid. 101 asked Sibley
Manufacturing Company, 70 bid, rs asked;
CO 105 bid los
asked.
New York, Feb. Mooney on call 212dS
per cent; prime mercantile paper, 2Aq
81 per cent. Sterling exchange steady,
with actual business in bankers bills,
S4S5A "A S5l5 for demand, and at &.SSh@
1887 for sixty days Posted rates, A.Si32
and $780, Commercial bills, $4.S2G4.SS.
Silver certificates nominal, 59l3G601@c Bar
silver, $3.50; Mexican dollars, Hlsc. Gov
ernment bonds were irregular. State
bonds were steady. Railroad bonds were
weak.
New York, Feb. 7.-Stock prices receded
to-day with an average loss of 1 to
points, which was exceeded in number
of instances The ratification of the peace
treaty by the Senate induced purchases
from London of about 25,000 shares. There
was less enthusiasm, locally and after an
initial rise from fractions TO a point and
over in many cases, traders were free
sellers in anticipation of a reaction. When
it became evident that prices were not
holding, commission houses were free SELL
ers. Prices receded rapidly in some in
stances and were presently at practically
last nights closing. The purchases for
| London account, which were partly due to
anticipating the fortnightly settlements,
together with covering by the shorts raj
lied the market. Washington houses were
| large purchasers, while Chicago houses
| sold The market became feverish and
| semi-stagnant. New York Central dis
played strength on its gross earnings for
| January which increased 1927, 900.
| The constant hammering by bear trad
! ers forced many stocks to a point where
liquidation was induced which made the
| lowest prices. There was talk that most
| of the selling was in the interest of
bear clique said to have been formed yes
| terday. The fact that the room traders
| acted often in unison was the only sup
port found for the story. From the high
| est there were reactions of from to /
| points.
Among the weakest features were Cen
eral Electric, Tobacco, Sugar, Metropoli-
| tan, Manhattan, Great Northern prefer
| red Pennsylvania the Pacifics, the
| Changers, the Readings and some minor
| Industrias. The pressure against stock
was mostly professional, and there was
no unfavorabe development in the news
| that attracted attention.
| Money continued in abundant supply
and according TO arbitrage houses recent
London sales seemed to have been set
! tied for, and the purchases for abroad
| to-day leaves balances due the local ar
! bitrage houses by London. Considerable
weakness was manifested in certain quar-
| tiers of the bond market, but prices GEN
orally were lower, in sympathy with
/ stocks. Total sales, $4,000. United
! States new As declined II in the bid price.
! The total sales of stocks were III 800
shares, including $3.50 Atchison, 44.65O do
preferred, 5000 Central Pacific. II 300
| Chesapeake and Ohio, 22,S3O Burlington.
| 1885 Louisville and Nashville. 1850 Mat
! haitian, II ITO Metropolitan 10 $50 Reading
first preferred, $50 Missouri Pacific. q. $50
New York Central, 1920 Northern Pacific.
| 5,41O do preferred 7725 Reading, 1920 Rock
Island, Is, l15 Union Pacific, $500 st. Paul.
| SS25 Southern Pacific, Il, $40 Southern Rail
way preferred, 5000 Texas and Pacific
N'22O Union Pacific, 1850 Tobacco. 9.720
| Bay State Gas, 1920 Federal Steel 10 62o
do preferred 1880 Peoples Gas. 1910 Con-
soidated Gas, 1880 Brooklyn Rapid Tran
sit, 1850 Pacific Mail, 26,55S Sugar $3.50
tennessee Coal and Iron, $50 United
| States Rubber, 1885 Chicago Great West
| ern.
New York Closing Stocks-West.
Atchlson ........ 2l% do do I'd pref =. Al
40 PREF 1850. COS st. L. & S. w. =. 1Ok
BAIT q Ohio 6S do do pref 80. 2S3s
Can. Pacific -. S6h st. Paul -. 1855
Can. Southern. 5S2 do pref ........ 1s7II
Cent Pacific " 5O12 st. P. & ON. e. 81
Ches- q ONO ISIS do do pref .... 10
! Chi. e. Alton =. 172 So. Pacific 3Sss
Chi, y. & Q. e. 1879 So. Railway 125s
Chi. & e. Ill. -. 66 do pref -. 49i%
do pref ....... l171aI Tex & Pacific e. 2Ols
| en- y. w. -. l54s u. 2. ............. 1914
| Chi, Ind. & L. :. So do pref . 79as