The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-05-16

INaHtcdu HrSt mortgage per cent. bonds,
l0S bid, i0i asked: Alabama Midland per
cent. indorsed, 80 bid, 10l asked. Bruins
wick and Western Is. 50 bid, 50 asked /;
South Bound Railway IS. 99A, bid. lON
asked; Georgia ana Alabama first pre-
terred IS, lC6 bid, 1O7 asked; Georgia and
Alabama consolidated 5s l0l bid l02 ask
cd Eatonton Branch SO bid, 1OOia asked ;
Central of Georgia. Middle Georgia and
Atlantic division 5s. 80 bid. 100 asked.
Railroad Stocks-Augusta and Savan-
nah, lis bid, 1872 asked Southwestern,
1874 bid, ia asked tAtlanta and West Point
stock ia bid, 126 asked; Atlanta ana
West Point per cent. certificates 1854
bid, l04 asked; Georgia. common, 200 bid.
200 asked; Georgia and Alabama stock,
"a bid, 50 asked; Savannah Hotel Co. stock
So bid, 80 asked
Gas Stocks and Bonds.-Savannah Gas
Light Stock, % bid. q asked. Edison Fec
tric Illuminating Company per cent.
bonds, 1864 bid, 1O6l2 asked.
Bank Stocks, Etc.-Citzens Bank, 12C
bid, l2l asked, Chatham Bank, 107 bid
les asked Germauia Bank, 1la bid, 12C
asked; National Bank of Savannah, 12s
bid, - asked; Merchants National Bank OF
Savannah, 81 bid 80 asked; Oglethorpt
Savings and Trust Company, 10f BID los
asked; Southern Bank OF the State OF
Georgia, 1871 bid. 1872 asked; Savannah
Bank and Trust Company. Ill bid, 112 ask
ed Chatham Rear Estate and Improve
ment Company, A, 56is bid. 81 asked; Il
55A bid, S. asked. Peoples Savings and
Loan Company, 81 bid, 951a asked.
Factory Bonds-Augusta Factory, 1Ol
bid 102 asked; Sibley Manufacturing Com.
pany IS, l02 bid, 1903 asked Eagle and Phe-
nix Mills, per cent bonds, due 1929. 10;
bid, 105 asked; Bibb Manufacturing Com
pany, 1903 bid. 1861 asked.
Factory Stoeks.-Augusta Factory, IS
bid, 50 asked; Granitevine Factory, Isl
bid, 1855 asked; Langley Factory. 81 bid
1914 asked Enterprise Factory, common
80 bid, 80 asked; j. r. King Manufacturing
Company, 81 bid, 101 asked; Sibley Manu-.
featuring Company, dS bid, 70 asked; Sa-
vannah Brewing Company, lOl bid, 10;
asked.
New York. May l5.-Money on. cali wa:
steady at 21sQ4 per cent; The last loar
was at per cent. Prime mercantile pa
per, 344A per cent. Sterling exchange
steady. with actual business in bankers
bills at StS6%d4.S7 for demand and al
$tS43l0IS5 for sixty days; posted rates
$4.S5Q4.S61a and $4.S1sQ4sSla. Commercial
bills, $iS4G4S4lA. Silver certificates, 6l3
Q62c. Bar silver, 6lBc Mexican dollars
4S34c Government bonds were strong
railroad bonds were irregular
New York. May l5.-Opening quotdtion'
In the stock market were a vigorous no
tice served on all parties that ample CAPT
tai was forthcoming to take up all offer
ings which tmid holders of the so-calleC
Flower stocks choose to offer, and als(
TO the bears that powerful weapons were
on hand to resist any onslaught by them
The different members of the Flower grouI
were opened up l to points above Satur-
days close, the faVorites of the late finan-
cial dea.er, Brooklyn Rapid Transit ans
Peoples Gas leading the rise. New York
Air Brake, In it's usual volatile manner
made an exceptional rise of IL points IN
the first few minutes.
These aggressive tactics served TO dissi.
pate any uneasiness in the speculative
mind remaining after the violent huctua.
tions of Saturdays market. Early quo
tations from London also made It evident
that there were large reserves of capita
prepared to take advantage of any further
sympathetic declines in the general list 81
securities. The buying there before this
opening here was not only for New York
account, presumably with the purpose OF
supporting values, but also on orders from
Scotland, Germany and Holland as wei
as a local English demand. The high
opening here, especially In the Flower
stocks, invited considerable volume OF
the slightest hesitation, and in a short
time they materially decreased.
The pressure of liquidation being reliev.
ed, the vigor of the efforts at the sup.
port was somewhat relaxed, prices hav.
ing failed to break the bargain hunters
were deferred from buying and the mar
ket fell into a quiet state
A brisk upward movement in Sugar tc
1915 and lively demand for the Pa
cifics and the Changers caused a general
stiffening again Throughout the list. But
the smallness Of the transactions discour-
aged a continuance OF the bull specula-
ton and the market fell back into com
paratjve inactivity. The movement OF
prices became decidedly irregular. many
of the obscure specialties fluctuating quite
widely, but in contrary directions.
This was notably the case among the
Iron and Steel stocks Tennessee Coal Col
orado Fuel and National Steel preferred
being notably weak. American Smelt-
ing and the Coaiers were also consistent
ly weak. This tendency and the appar-
ent withdrawal of supporting orders invit-
ed a raid by the bears late in the day,
particularly directed against Metropolitan
Street Railway. which was raided down 2
points. The Changers and Pacific also
suffered In the decline, except in Central
and Southern Pacific. which were con-
sistently strong Metropolitan Street
Railway rallied very strongly points, the
local traction shares responding In sympa-
thy, the bear traders covered, making the
closing firm The conspicuous changes
were in the Flower stocks, which al clos
ed higher, though below the best of the
day Otherwise changes in the proml-
nent stocks were not large. Net gains
predomlnated.
In the bond market there were some
very heavy takings Of Baltimore and Ohio
As. when issued. Dealings elsewhere were
moderate and changes irregular Total
sales par value, A,1sO,OOO. United States
3s advanced u in the bid price
The total sales Of stocks to-day were
592. 300 shares. including 1850 Atchison pre-
ferred, 7,4OO Central Pacific, 1876 Burllng-
ton. $3.50 Louisville and Nashville, 1900
Manhattan, S.O75 Metropolitan Street Rail-
way, 1850 Reading first preferred. 1900
Northern Pacific S497 Rock Island 9.O5l
Union Pacific. 25975 ST. Paul. $3.50 South
ern Pacific 600 Southern Railway, 84sJ
Union Pacific preferred. 22.15O American
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