The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-17
NAVAL STORES STATEMENT.

Total......................... 1892 501e56
Exported to day ...............
Exported previously ....... 1O5OOi 3s9 sos
Total'........ ...... ....... 105O0i Ss35O5
Stock on hand and on ship
board to-day ..... ..... 90. 5462S 1l7551
Stock same day last year. $1,000 1876 6Ol
Receipts same day last year. 500 2979
Price spirits turpenune same
day last YEAR. ........... 23c
New York, Aug. 16-Rosin steady, quiet;
strained, common to good, 81 lOGSl Is.
Turpentine dull, easy at 2J34Q30c.
Charleston Aug. 10 - Spirits turpentine
firm at 27c; receipts 20 casks. Rosin-
good strained firm at SOC; receipts 1853 bar
rels
Wilmington, N. c.. Aug. 16.-Rosin steady:
strained, S5c; good strained, 9Oc- Spirits
casks Tar steady at 81 30 Crude turpentine
steady; hard 81 %; soft 81 20; virgin, 81 70.
Financial.
Savannah. Aug. l6.-Money is easy.
Domestic EXchange-Hhe tone of the mar
ket is steady. Banks are buying at par and
selling at Is per cent. premium up to 5000
and Ito OF per cent. for amounts OF 5000
and over.
Foreign Exchange-Market weak. The
following are net Savannah quotations.
Sterling commercial demand, a 6I5 sixty
days, 81 $50 ninety days, 81 50: francs. Paris
and Havre. sixty days, So 10; Swiss, sixty
days. 50 204: marks, sixty days, 951b.
Securltles-The market is quiet and dull
State Bonds-Georgia Al per cent. 1915,
1872 bid. ll454 asked; Georgia per cent 1895,
lO4A bid 10515 asked; Georgia 31a per cent,
long dates, 97-s bid, $50 asked.
City Bonds-New savannah 5 per cent.
quarterly October coupons 1854 bid, 1864
asked; new Savannah per cent. November
coupons 1851 bid lU6 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold IS, 50 bid
asked; Central consolidated mortgage Z
per cent. coupons, January and July maturity,
1898, III bid. - asked; Savannah and West
ern railroad 5 per cent. trust certificates. AZ
bid, 40 asked; Savannah, Americas and
Montgomery per cent. bid 80 asked.
Georgia railroad 9 per cent. 1910, l07 bid, 100
asked; Georgia Southern and Florida first
mortgages per cent. - bid, 80 asked;
Montgomery and Eufaula first mortgage 6
per cent Endorsed by Central railroad, l0l
bid, asked; Augusta and Knoxville first
mortgage per cent 100 bid, l0l asked; Ocean
Steamship per cent, due in 1920 SO bid, W
asked: Columbus and Rome first mortgage
bonds. 1ndOrSed by Central railroad, - bid, 40
asked; Columbus and Western per cent.
guaranteed, 80 bid, asked City and Sub
urban railway first mortgage per cent, --
bid, IS asked; savannah and Atlantic per
cent, Endorsed, % bid, 40 asked Electric rail
way hrSt mortgage 6S, 50 bid, - asked South
Georgia and Florida first mortgage per
cent, l06 bid, 107 asked; South Georgia and
Florida second mortgage, 1851 bid, 1854
asked: Alabama MidlandS. IS bid so asked
Railroad StockS-Central common. Did.
IS asked; augusta and Savannah per cent,
guaranteed, bid. 81 asked; Georgia com
mon, 145 bid, 151 asked; Southwestern
7 per cent guaranteed, including or
der for div. 81 bid, 68 asked: Central 6 per
cent. certificates with order for defaulted
interest, % bid, 27!a asked; Atlanta and
West Point railroad stock. - bid, IS asked;
Atlanta and West Point per cent certiti-
Gates. 50 bid, 81 asked
Bank Stocks, Etc.-Southern Bank Of the
State OF Georgia, 1914 bid, - asked; Mer-
chants National Bank 81 bid 92% asked
Savannah Bank and Trust Company, 1O2 bid,
103 asked; National Bank of Savannah, 100
bid, - asked; Oglethorpe Savings and trust
Com pGny, SO bid, 10 asked: Citizens Bank
1902 bid. I0I1a asked, Chatham Real Estate
and Improvement Company, 50A bid, 81 asked {;
Germania Bank, l02 bid, 1903 asked
Chatham Bank A. bid, A. asked: Savan-
nah Construction Company, "A bid, 70 asked;
Title Guarantee and Loan Company, 75% bid,
asked
New York Aug. Is, 4 p m.-Money on call
easy at per cent The last loan at per
cent. and at the closing was offered at per
cent.
Prime mercantile paper. S1s9i}a per cant
Bar silver &C.
Mexican dollars 50Bc.
Sterling exchange is weak; bankers
bills at a s51. al So for sixty days and
s. s6zaDt ooA for demand; posted rates
Commercial bills 81 sI4@4s5}l for sixty
days.
Government bonds steady. State bonds firm.
Railroad bonds sCrong,
New York Aus 16.-The following we're
theopening quotations a. the Stock Exchange
to-day:
Erie Observation-Disclosures. 1871
Chicago and Northwestern .............. 1861
Norfolk and Western preterre ......... 24h
Richmond AMI West Point Terminal. IVA
Western u MON zee. ............. ....... ~ 4
New York Aug. l6.-Speculat1on at the
Stock Exchange v as strong again o-day, and
a higher range of prices was recorded. The
railway group figured more prominently in
the dealings General Electric was also a
feature and for the nrst time in months as
sumed an important position in the market.
The stock was in better demand and gained ?
points for the day, rising to 4l4 and closing
at oout the top notch The improvement
was due principally to the covering of long
outstanding short interest. There were indi-
cations today that the shorts in the grangers
were becoming uneasy. III was especially
true OF Burlington and Quincy, in which
lover figures was covered, carrying the
Rock Island is heavily oversold and the
traders stand ready to make 1t pleasant for
tie bears when they attempt to get back their
COL acts. The railway list moved up a 10
2R per cent. Wheeling and Lake Erie pre-
ferred Lake Shore Missouri Pacific, New
York Central and Louisville and Nashville
leading the upwerd movement. The indus
tr as we're irregular, Lead and Tobacco be-
There was some heavy selling OF Sugar at
one time and the stock was forced down TO
lO7I4. but when it was announced from Wash
ington that the free sugar bill had been re-
ferred TO the finance committee there
was rally to 1854. The sen
nte's action was considered as mean
ing that there would be no more tarln
legislation this season. Distillers advanced
X to 2lls. dropped to 1873 and closed at 81.
The company, II was again stated, had raised
the money required 20 take its products out
OF bonds Lead stocks we're nrtn on the dec
laration OF tn regular dividends. Probably
the most favorable development OF the day
was the further decline n the sterling eN-
change partly due 10 the increases in the
supply OF security bills. Bankers are also
more disposed TO draw against future cotton
and grain exports. Speculation left on arm.
with prices anywhere from 4 TO per cent.
higher than on yesterday sales were 2eOJO
shares including 63,0JO shares unlisted The
bond market continued active and strong.
The quotations at the closing we're as fol.
lows