The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-28
NAVAL STORES STATEMENT.

TOtal......... $500. ....... 1859 417l8i
Stock on hand and on ship
board to day Gee. 900. -. SLATE l10.9s0
Stock same day last year. . SO792 l4e 655
Receipts same day last year.
Price spirits turpentIne same
day last year 49,. ........ 24c
*Storm-no business.
New York. Aug. 27.-Rosin firm and fairly
actiyei strained, common to good 81 l56
81 20. Turpentine dull but steady at go
2913c
Charleston Aug 81. - Spirits turpentine
firm at 25hc; receipts 55 casks. Rosin-
good strained firm at SOC; receipts 225 bar
rels.
Wilmington, ". c., Aug. 27.-Rosin firm;
strained, Soc; good strained, 9Oc Spirits
turpentine, firm at 254c bid; receipts. S.
casks. Tar steady at Il 10. Crude turpentine
quiet; hard 81 90; soft 81 20; virgin, u 20.
Financial.
Savannah, Aug. 27.-Money is easy.
Domestic Exchange-The tone of the mar
ket is steady. Banks are buying at par and
selling a. u per cent. premium up to 5000
and Ito OF per cent for amounts of $1,000
and over.
p, Foreign Exchange-Market barely steady.
The following are net Savannah quotations:
Sterling commercial demand, "A $50:
sixty days. "a $40; ninety days, a 84h;
francs. Paris and Havre. sixty days, S. 20;
SWISS; sixty days, 70 2lA; marks, sixty
Securit1es-The market is quiet and dull,
with advancing tendency for southwestern.
State Bonds-Georgia 4h per cent 1915
ll319 bid, ll44 asked; Georgia Z per cent 1895,
1O444 bid, 1851 asked; Georgia 81 per cent,
long dates, 50 bid, 9sM asked.
City Bonds-New Savannah per cent.
quarterly october coupons 1864 bid 1854
asked; new Savannah per cent. November
coupons. 1851 bid, lug asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold S. S8 bid,
asked; Central consolidated mortgage Z
per cent. coupons January and july maturity
1898, III bid. = asked; Savannah and West
ern railroad 8 per cent trust certificates, 81
bid, 81 asked; Savannah. Americas and
Montgomery per cent. 50 bid, 81 asked;
Georgia railroad per cent 1910, 107 bid, lO9
asked; Georgia Southern and Florida first
mortgage per cent go bid, 81 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, 90 bid, SO
asked; Columbus and Rome first mortgage
bonds. Endorsed by Central railroad, - bid, Al
asked; Columbus and Western 6 per cent
guaranteed, l0l bid, - asked; City and Sub
urban railway first mortgage per cent, -
bid, 80 asked; Savannah and Atlantic per
cent, indorsed 25 bid, 40 asked Electric rail-
way hrst mortgage 6s, - bid, - asked; South
Georgia and Florida first mortgage 7 per
cent, LOG bid, 1O7 asked; South Georgia and
Florida second mortgage, 1857 bid, 1854
asked; Alabama Midlands. So bid. 80 asked
Railroad Stocks-Central common. bid.
IL asked Augusta and Savannah per cent,
guaranteed, 50 bid, s41l asked Georgia com
mon, 145 bid, 1872 asked Southwestern
z per cent. guaranteed, including or
der for div. II bid ~ asked; Central per
cent. certificates. with order for defaulted
interest, % bid, 27% asked; Atlanta and
West Point railroad stock so bid, 90 asked;
Atlanta and West Point per cent certiti-
Gates. SO bid, SO asked.
Bank Stocks, Etc.-Southern Bank Of the
State OF Georgia, l6l bid, - asked: Mer-
chants National Bank. 90 bid. 90 asked;
Savannah Bank and Trust Company, 102 bid,
l03 asked; National Bank of Savannah, 100
bid, 1872 asked; Oglethorpe Savings and Trust
Company. IS bid, leo asked; Citizens Bank
100 bid, l0l asked Chatham Real Estate
and Improvement Company, 500 bid, 81 asked;
Cermania Bank, lQ2 bid, lO3 asked;
nah Construction Company, "a bid, 70 asked;
Title Guarantee and Loan Company, 751l bid,
asked
New York Aug. 27, 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, 4144 per cent
Bar silver 6Oc.
Mexican dollars SIC.
Sterling exchange is steady; bankers
bills at a s5hD4 s5A for sixty days and
g. s6A94 s6h for demand; posted rates
Commercial bills "a s41a@4 si4 for sixty
days.
Government bonds firm. State bonds dull
Silver at the Stock Exchange to-day was
6594 bid.
New York, Aug. 27.-The following we're
theopening quotations a the Stock Exchange
to-day:
Chicago and Northwestern. ............. 1919
Norfolk and Western preferred. 800. 254
Richmond and Wess Poiat Terminal. IL
WESTERN MON. zee. .......-..... ....... 81
New York, Aug. 27.-Railway stocks showed
greater strength to-day than at any other
time since the current upward movement
was inaugurated: Foreign operators were
prominent in ST. Paul, Louisville and Nash
vile and other International favorites in
fact, their purchases of Louisville and Nash
vile put that stock up to 50 and over to day.
The strength of the general market in the
first place is due to the short interest, which
is endeayoring to cover, and in the second
place to the improvement in railroad earn
receipts for the third week of August
and eight out of the ten showed
gains ranging from 81 Ia the case Of Flint
and Pere Marquet, to S46245 in Louisville and
Nashville. The July statement of the ST.
Paul, TO hand, showed loss in net Of 1858, l6A
but as the American Railway Union strike
occurred in the month named the loss was not
considered serious. PROBABLY the hest fea
ture of the market. from the bull point Of
view was the indifference displayed in the
sensational movement in Distilers and Amer
lean sugar, the market having refused 10 De
Influenced by the wild fluctuations in these
issues Dstillers at the start sold at 2l@22A
for 4.UO) shares, against 1914 at the close on
Saturday. The bulge was due 70
rumor that the company had obtained the
s. OU0.O, necessary TO take us product out OF
bond and shus get the advantage OF the in
creased tax levied on spirits. The rise led 10
lquldation and a reaction to 1875 ensued. An
advance in spirits by the American Distrlbut
ing Company to il.G6%, the highest in years,
then strengthened the certificates which rose
to 2074. After midday a rumor gained cur
rency that the local syndicate which was TO
advance the money to the trust had
Withdrawal owing to the refusal OF
the representatives. who were carrying
on the NEGOTIATIONS TO indorse tine
paper required In their individual capacity,
and on this the stock tumbled to lSac. SUB
seauently Russell Sage partly confirmed this,
and the opinion generally obtained that the
deal so far as 10 al capitalists are concerned,
has fallen through. is corrobOrated by the
important sums OF money from the trust