The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1875-06-16
From the Chronicle and Sentinel.
FINANCIAL AND COMMERCIAL
Weekly Review Of Augusta Market.

Weekly Review Of Augusta Market.
AUGUSTA, GA, FRIDAY AFTERNOON, [
g.. June II, 1875. (
GENERAL REMARKS. ~
Trade is emphatically dulland beyond
the usual regular trade on a small scale
there is absolutely nothing doing. 0i
course, as we stated last week, nothing
more can be expected at this season,
The receipts of cotton have narrowed
down to all exceedingly fine point and
farmers are staying at home, 80 that
business is mainly confined to the city
proper.
THE FINANCIAL SITUATION.
The financial situation remains in
st0tu quo. More people want money
than can get it, even when they get col.
lateral security to make good their prom.
ises to pay. We still find considera.
BILE difference in the reports of the heads
of our leading banking institutions.
The President of one informs us that he
has ample funds in his Golfers to dis
count all the gilt-edged paper that is
offered on short time. He does not de
sire long date paper, and, in fact, has
done nothing on that sort. The demand
has been only fair, the largest .appfica:
Itiou during. the, week being for seven
thousand o1iais, made today. He has
in no instance charged a higher rate
than one per cent. per month; per con-
ira, the chief officer of another bank
states that money in undoubtedly tight
and the demand very active. He has
discounted but little paper during the
week, and hardly considers that he was
able TO do that. There were parties,
however, whom he felt obliged to carry.
He could readily loan money at one and
quarter per cent. per month, if he had
it. He does not expect to do anything
more in the way of discounting for at
least ten days to come. Gold and Silver
remain practically unchanged. Silver
has somewhat a downward tendency,
on account of the new coinage by the
United States Mint. Wequote:
GOLD AND SILVER.
GoLD.-Buying, ia; selling at 000@
III.
SILvER-Buying, 1O4; selling at l08
New YORK EXCHANGE.-Buying
STOCKS AND BONDS.
There has been a light demand fol
fair demand at 7S; City of Augusts
9Sto1OO; Georgia Eight Per Cent. Bonds
in good demand.
RAILWAY BONDS.
Georgia Railroad, 95; Macon anC
Augusta, 93; endorsed by Georgia Rail
road, S5@9O; endorsed by Georgia anC
South Carolina Railroad, 80; Por
Royal Railroad first mortgage gold rs
endorsed by Georgia Railroad, Slto82; At
lanta and West Point rs, IS Charlotte
Columbia and Augusta first mortgage
rs, "A; Central, Southwestern, and Ma
con & Western first mortgage rs, 8:
asked; Central first mortgage rs due
this year, par and interest; Western
Railroad of Alabama, endorsed by GeoY
gia and Central, IS to 80.
BANK STOCKS.
National Bank of Augusta, 1856 asked
Bank Of Augusta, 102 to 103; Nationa
Exchange Bank, 100; Commercial BanE
95 to 100; Planters Loan and Saving:
Bank, ~ paid in, S offered.
STOCK OF AUGUSTA FACTORIES.
Augusta Factory, 100; Langley Fac
tory, 125; Graniteville Factory, 1G0.
RAILWAY STOCKS.
Georgia Railroad, II to 7S; Cen
trail, 81 to SO; South Carolina, 10 to ~
Charlotte, Columbia g. Augusta, nomi
nal; Port Royal Railroad, nominal
Southwestern, SO; Augusta and Savan
nah, 80 to 81; Macon and Augusta
nominal; Atlanta and West Point, II
to TOY.
Cotton has been very quiet and dul
during the week with u small trade a
nominal prices. There has been only {
few buyers in the market, and thos,
generally have been willing to accede t.
holders, prices only so far as they wer'
compelled to fill orders, The majority
seem holding off for lower figures. Th'
market has decided downward ten
dency, receipts and sales during thu
week have been very small.
THE AUGUSTA COTTON MARKET.
FRIDAY 11.-Market dull and entire
ly nominal. Two large lots sold to on,
! buyer, otherwise nothing doing. Goot
Ordinary, IA Low Middling, l42 Mid
ding, l4a; Good Middling, Is. Re
ceipts, 1911 sales, ATT bales. Receipts q
all ports, 2,5sl same day last year, l.,
III bales.
TOTAL RECEIPTS AND SALES FOR TIL
| WEEK.
Sales. ,33