The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1875-06-23
w From the Chronicle and Sentinel.
FINANCIAL AND COMMERCIAL.
Weekly Review Of Augusta Market
Ga, FRIDAY AFTERNOON, /
June, IS, 1875 !

AUGUSTA, Ga, FRIDAY AFTERNOON, /
49,. June IS, 1875 :
GENERAL REMARKS.
Business is improving "no better
fast With the exception of few arti-
cles our quotations remain absolutely
unchanged; and in fact there las not
been enough doing to make any change
necessary. Iron ties have advanced
from S to 5! cents, and grain has fallen
off little.
TILE FINANCIAL SITUATION. -,
The same state of affairs recorded in
our last weekly review continues. Some
of the banks report money comparative
ly easy and plenty, on hand To loan on
good business paper at y per cent. per
annunn. Others say the financial situa-
ton is tight and money scarce.-A little
consideration will very easily explain
this apparently anomalous state Of
things. With insti)iutioas whose vaults,
are well supplied with legal tefdeff
money as % matter Of course, is easy and
responsible parties find no difficulty ilE
handling it. On the oLhershaud st; can.
not be expected that banks have already
lent all available funds consistent with
business prudence shoul d quote money
in the same way as those referred to dns
the first instance. $50 that taking, i5ssea3f
i'll all will be seen that the differeiice is
merely local. 1t is evident that the sit
uation is much more encouraging than
is usual at this season Of the year, and
there is, therefore, but little cause for
grumbling. / is true there is not much
money in circulation, but this is due al
together to the fact chat business in cv-
cry line is exceedingly dull.
We saw to-day nlof the new twenty
cent silver coins recently put in circula-
ton by the United States Treasury De-
partmcnt. 1t is very nearly the same
size, and has very much the appearance
Of the old twenty-five cent peace, but
can be very easily distinguished from it
even in the dark as the edges of the sill
YER quarter are milled, while those of
the twenty cent piece are smooth. AS
yet but few of the new coins have en-
tered into general circulation in this Sec
ton.
GOLD AND SILVER.
Gold, Silver and New York Exchange
GOLD.-Buying, III ; selling at 000@
1T.
SILvER.-Buying, 104; selling at 10S.
New YORK EXCHANGE.-Selling at
! prem. Buying at 5to3-16 premium;
RAILWAY BONDS.
Georgia Railroad, 95to79; Macon and
Augusta, SO; endorsed by Georgia Rail
road, S5@00;. endorsed by Georgia and
South Carolina Railroad, 90; Port
Royal Railroad first mortgage gold rs,
endorsed By Georgia Railroad, S2toS3; At
lanta and West Point rs, S.; Charlotte,
Columbia and Augusta first mortgage
rs, "A; Central, Southwestern, and Ma
con & Western first mortgage rs, 02
asked; Central first mortgage rs due
this year, par and interest; Western
Railroad of Alabama, endorsed by Gcor-
gia and Central, IS to 90.
BANK STOCKS.
National Bank Of Augusta, 1876 asked;
Bank Of Augusta, 102 to IO5; National
Exchange Bank, 100; Commercial Bank
80 to 100; Planters Loan aud Savings
Bank, 10 paid in, 5 offered.
COTTON.
The tone of cotton market during the
past week has been altogether nominal
with q decidedly downward tendency.
The transactions, in fact, have been so
few as to make any regular quotations
appracticable. The entire receipts du-
ring the weed only amounted to 1873 bales
and the sales to 4G2 bales. all actual
count of the stock in Augusta, this NOR
ming showed 1908 bales on hand in the
different warehouses. Middling to-day
is quoted at 14s q falling of since our
last weekly review.
THE CROP.
Notwithstanding the drouth The crop
in this vicinity at any rate continues to
look well. There is an excellent stand
everywhere. Chopping out has been
finish edand fields are almost free from
grass-rvery remarkable feature. With
little rain the crop will present an eX-
ccllent appearance when compared with
previous years, the late planting, of
course, taken into consideration.
THE AUGUSTA COTTON MARKET.
FRIDAY, 1S.-The Exchange quotes
the market as dull and nominal and
tending downward. Good Ordinary l34
Low middling, IA Middling, 14s; Good
Middling, 14s. Receipts, q bales. Sales
TOTAL RECEIPTS AND SALES FOR THE
WEEK.
SaleS............. 1o-
Recelpts............... ."...'..'. 1o0
COMPARATIVE COTTON STATEMENT.
Receipts for this week of lS74:....:. 2sS
Showing a increase this week OF 144
Sales for this week Of 1874 were... 9eS
(On a basis 16I, for SIiddling.)