The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-05-25

ferred 5s lO6 bid, lO7 asked; Georgia and
Alabama consolidated IS. 10l bid. 1902 ask
ed; Eatonton Branch, 1914 bid, 1oOla asked ,
Central OF Georgia Middle Georgia and
Atlantic division 5s, 80 bid, 100 asked.
Railroad Stocks-Augusta and Savan-
nah, llS bid, 1lS1a asked; Southwestern
1872 bid ia asked; Atlanta and West Point
stock 124 bid, l26 asked; Atlanta and
West Point per cent. certificates 1O3lb
bid. l0i asked; Georgia, common. 206 bid
207 asked Georgia and Alabama stock
"a bid 80 asked; Savannah Hotel Co. stock
So bid, 60 asked.
Gas Stocks and Bonds-Savannah Gas
Light stock, &c bid, q asked; Edison Elec-
trio Illuminating Company, 8 per cent
bonds, 1906 bid, 1864 asked.
Bank Stocks, Etc.-Citlzens Bank 100
Did, 12l asked; Chatham Bank, 1O7 bid.
los asked; Germania Bank us bid. 120
asked National Bank of Savannah, 129
bid, - asked; Merchants National Bank of
savannah, 94i4 bid, 80 asked; Oglethorpe
savings and Trust Company. 107 bid, Jos
asked Southern Bank of the State Of
Georgia, 1874 bid, 1856 asked: Savannah
Sank and Trust Company, III bid, 112 ask
ed Chatham Real Estate and Improve
ment Company, A. 56Ia bid 81 asked b
59A bid, Sc asked; Peoples Savings and
Loan Company, 81 bid IS asked
Factory Bonds-Augusta Factory, 1Oi
Did lO2 asked Sib.ey Manufacturing Com
pany 6s, l02 bid. 10S asked; Eagle and Phe-
nix Mills, 6 per cent. bonds. due 1928. 1oi
pid' lO5 asked; Bib Manufacturing Com
pany, 1903 bid, 1854 asked
Factory Stocks-Augusta Factory. IS
hld 90 asked, Graniteyille Factory, 100
bid 1855 asked; Langley Factory. 81 bid
lJlle asked; Enterprise Factory, common,
10 bid, 90 asked; j. r. King Manufacturing
Company, 81 bid, 10l asked; sibley Manu-
HsafI Inc 90
Nannah Brewing Company, 1W bid, 105
asked
New York, May 2L-Money on call was
steady Al 2laa3 per cent; the last loan
was at per cent. Prime mercantile paper
was az 3lauiA per cent Sterling exchange
was steady with actual business in bank
ers' bills az SiS7M@4.SS for demand, and at
465A@LS5&i for sixty days; posted rates,
SiS6ls and ASS1a; commercial bills. SiS5A.
Silver certificates 6106l&c. Bar silver,
6li4c. Mexican dollars, lSlac. Government
bonds were sTong. Stale bonds were in
active. Railroad bonds were strong.
New York. May 2l.-Prices of stocks
drfted TO lower level to-day in the I'M
certain aud irregular manner which is
characteristic of a duh and undecided
market,
The dullness of the market is entirely
normal for this time OF the year, when
the fate OF the coming crops, on which so
much depends, Is SIN in the balance. In
present conditions, however the market
has several unfayorable factors to contend
with In the first place, there is evident
ly hanging over II sGll some of the large
holdings that were taken on for the pur-
pose of averting a panic, and which are
offered for realizing purposes at a certain
point IN any advance.
In to-day's market also It was rather
obvious that some Of the newly foated in
dustrlals were not having an easy time.
This was especially true of the various
companies which were TO have been ag-
gregated in The projected steel combina-
ton, the plan for which seems to have
been materially altered. American hoop,
Tin Plate, Steel and Wire and National
Steel were all quite acutely affected and
ia the late dealings Federal Steel and
Colorado Fuel also succumbed to attack. .
The continued heavlness of Amalgamat-
ed Copper in the outside market also gave
evidence Of the saturated state OF the
public demand for new Industrial securi-
ties Added to these Incidents of weak
ness, continued fears that the coming crop
would turn out badly and the bears mad
a good field for operations. There was
very little resistance offered to their ma
nipulation, but their operations were not
very bold, and not on a very large scale.
The early strength in Sugar served to de-
ter them somewhat
The failure OF the foreign market after
the recent holiday, to be impressed with
the fears expressed in the domestic mar
ket regarding The crop also had its in
huence in restricting operations of the
bears. The break in Sugar, however, and
the persistent weakness Of The steel stocks,
and the rally in wheat. encouraged a late
attack on the market which was directed
principally against the so-caked Gould
Southwesterns and Brooklyn Transit. The
whole railroad list showed the effect OF
the raid, but the Changers and Atchison
preferred showed the best resistance.
Net losses are the rule, but in the rail-
roads are restricted to fractions except
for few cases Sugar was the leader
in point of activity, and, after covering
Sh points, closed 1% lower Tobacco
stocks and Anaconda were also notably
weak the latter on London selling, ac-
companied by a further decline in the
price of copper. Air Brake lost liz points
The demand for railroad bonds contln-
ued active and the market was strong,
many of the reorganlzati lion 4 per cent.
continuing to make new high records
New issues which are in course of dis
posal by underwriting syndcates and Sec
ond-grade bonds are about all that have
not been put at prohibitive prices. Total
sales par value, $2,79O,OO0
There is a good investment demand for
geVernment bonds. which are at record
prices. The 3's, the Us and the old As
registered advanced " in the bid price
to-day
The total sales of stocks were S9i 900
shares, including Atchison preferred, 81, 965 ;
Burlington, 1890; Manhattan, $3.50; Mis-
souri, Pacific, 1880; Northern Pacific, H.
400; ST. Paul 14,l17; Union Pacific preferred.
7.l05: American Steel and Wire, $3.50;
Federal Steel. 1850; Peoples Gas 1850;
Brooklyn Transit. 25,eS5; Continental To-
bacco, $3.50; Sugar. 4O,775
New York Closing Stocks.
AtchIson ...-... i7Al do do pref 80. 3is4l
do pref ......,. 55islSt. Paul ....... 1229s
3 & Q. ......... 6gh do pref ..... 1891
Can. Pacific -. 9Ss4lSt p. & On. % /
Can Southern. 5212 do do pref :. 10 /
Cent Pac. $3.50. Pacific ..... 3lat
c. & o. ......., 2S1zIso. Railway. 1lss
| G. & A. ....... l6) do pref ..... 503sl
| c. 3. & q. l29ssiT. &; Pacific 80. 1874
| c. & +. III. 80. Il Union Pacific. 4iss
do pref ...... l2l do pref .,...... 7fik