The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-07


hrm at 26c' receipts III casks Rosin-good
strained;hrm at g0e; receipts ASP barrels.
wilmington, N c., Aug. 6.-Rosin steady;
strained, S719c; good strained 92Isc Spirits
turpentine, steady; receipts, So casks, lar
nrm at II 81 Crude turpentine Nhrm; hard
u W; soft 81 20; virgin, e. ~.
Financial
Savannah, Aug 6.-Money is easy,
domestic Exchange-Ihe tone Of the mar
ket Is steady. Banks are buying at par and
selling at = per cent. premium up to 5000
ana l-lO OF per cent. for amounts of IS 900
and over.
Foreign Exchange-Market dull. The
following are net savannah quotations:
Sterling commercial demand. 81 SSld: sixty
days 81 81; ninety days, "a s624: francs. Paris
and Havre. sixty days, So IL; Swiss, sixty
days, 70 2O4 marks, sixty days, 95ls
Securltes-The market is very dull and
quiet and inclined to sag in Central issues
state BondS-Georgia AZ per cent. 1915
1917 bid. ll454 asked; Georgia per cent. 1895
1917 bid, los asked; Georgia 81 per cent,
long dates, gT35 bid, go asked.
City Bonds-New Savannah : per cent
quarterly October coupons 1857 bid. 1867
asked; new Savannah per cent November
coupons, 1854 bid 1854 asked
Railroad Bonds-Central Railroad and
Banking Company collateral. gold 5s SO bid
asked; Central consolidated mortgage :
per cent. coupons January and July maturity
ern railroad per cent trust certificates. As
bid, Al asked; Savannah, Americas and
Montgomery per cent so bid - asked.
Georgia railroad per cent 1910, 10Y bid, 1903
asked; Georgia Southern and Florida first
mortgage per cent. 49,. bid 81 asked;
Montgomery and Eufaula 1rst MORTGAGE s
per cent. lndorsed by Central railroad 100
DID, - asked; Augusta and Knoxville first
mortgage z per cent. 102 bid, 10 asked; Ocean
Steamship per cent. due in 1920, 96 bid. "a
asked: Columbus and Rome first mortgage
bonds indorsed by Central railroad, IL Did. =
asked; Columbus and Western per cent
guaranteed, 80 bid, - asked; City and Sub
urban railway first mortgage per cent, -
bid, 80 asked; savannah and Atlantic per
cent. lndorsed, % bid, 40 asked; Electric rail
way first mortgage IS, 55 bid, - asked; South
Georgia and Florida first mortgage 7 per
cent, lOo bid, JOG asked; South Georgia and
FLORIDA second mortgage, 104 bid, 105 asked
Alabama Midlands. IS bid. 80 asked
Railroad Stocks-CentPal common bid
lS asked; Augusta ana Savannah Z per cent.
guaranteed, IS bid, 81 asked: Georgia com
mon, 149 bid, ISL asked; Southwestern
z per cent. guaranteed, including or
der for div. SO bid, 70 asked: Central 6 per
cent. certificates, with order for defaulted
interest mad, ST., 6id, 27!a asked. Atlanta and
Atlanta and West Point per cent. certifi-
Gates, SO bid, 81 asked.
Bank Stocks, Etc.-Southern Bank of the
State OF Georgia, 16i bid, - asked: Mer-
chants National Bank 81 bid, g2H asked /;
savannah Bank and Trust Company, 1919 bid,
lO213 asked; National Bank of Savannah, $50
bid, - asked; Oglethorpe Savings and Trust
OlJlH6nS' X
lOl bid, 1914 asked; Chatham Real Estate
and improvement Company, 500 bid asked;
Germania Bank, l0l bid 1917 asked !;
Chatham Bank, 49A bid so asked; Savan-
nah Construction Company, "a bid, rs asked:
Title Guarantee and Loan Company, "A bid,
rs asked.
New York. Aug 6, 4 D. m.-Money on call
easy at per cent The last loan at per
cent. and at the closing was offered at per
Primemercantlle paper, 3I0i15 per cent
Bar silver 63Ac.
Sterling exchange 81 s711%4 e7h, with act
ual business in bankers bills at 81 S7G14 S715
for sixty days and 81 IS sQD4 SS4 for de-
mand; posted rates 81 8-@l4 s91a
, Commercial bills 81 s599@4 81 for sixty
days.
Government bonds steady State bonds dull.
Railroad bonds higher.
Silver at the Stock Exchange to-day was
neglected.
New York, Aug 6.-The following were
theopentng quotations at the Stock Exchange
to-day:
Erie f3s<
Chicagoand Northwestern. ........... 104I
Norfolkand Western preferred ......,,. 1872
Rlchmondand West Point Terminal. .. 154
WesternUnlon. ..... NEUTRALITY-SUSPICIOUS.. 86b
New York, Aug 6-The railway and mis-
cellaneous shares market was characterized
by irregularlty to-day. At the opening the
Changers and Sugar we're weak, While Yves
tern Union, Missouri Pacific, and a mum Der
OF the other railway issues were firm. Be
fore II O'Clock there was change for the bet
ter in the Changers. the early sellers showing
a disposition to cover their contracts. Selling
for 10th accounts was renewed in the after
noon, owing TO the engagement of 100000 gold
for Europe, the inability of the tariff con
ferees to agree and the reports of damage to
the growing crops, which are corroborated by
the sharp rise in the price OF cereals. The
Changers stocks bore the brunt of the at
tacks Burlington falling from 12H to 70t5; St
Paul from Northwest
to 1924 and Rock Island from 64M
to 6l Burlington and Quincy was also
affected by dividend talk. II was said that
in view OF the reported loss to the corn crop
the directors will reduce the rate Of payment.
Holders Of Nashville Chattanooga and St.
Louis have been notified that the August div
idend of N per cent. will not be paid on ac
count Of the general business depression.
The railway list outside of the Changers, first
advanced 1aQl14 per cent and lost q to rs
per cent of this gain when the corn carriers
dropped in the last half nour Industrals
were Queter, and only l7O0) shares of Sugar
changed hands during the session. The stock
sold al 10l540I06, and closed at 1859. Bulls on
this speciality claimed TO be satisfied at the de-
lay in tariff legislation, and say that the
failure to pass / i'll would be an argument in
their favor, as the rehnerS could then work
under the present law. which gives them
half-cept protection. Chicago Gas. Lead. To-
bacco and Cordaee were quiet and steady
Manhattan jumped to lis, and receded to
III. In the inactive issues Baltimore and
Ohio rose 255 to y, and Erie preferred PA to
2a. The market closed weak, and 4 to Pa per
cent lower on the day. Missouri Pacific,
Manhattan, Chesapeake and Ohio, Lake
Shore, Western Union and American Sugar
gained u to per cent. The bond market
was higher. Sales listed stocks, Ill 900 shares;
unlisted, % 01O shares.
The quotations at the closing were as fol-
lows:
Ann. Cotton Oil 271s Missouri Pacific. 261s
do pref ........1l Mobile & Ohio. o.. le%
Sugar Refinery %. l055s Nash. c. & St L.. 6}
do pref. ....... $685. U. 5. Cordage.. .. 2l%
American Tob'co. 50 do do pref. 80
do pref ....... 1903 N J. Central. .. 1914
Atchison. T&S ST. 415N Y. Central. .... 97A
Baltimore& Ohio. II N, Y. s. n. e.. 1917
Canada Pacific. 63% Norf &West. pfd. 10
Ches s. Ohio. ..... Ia Northern PscIhc So
Chicago s. Alton. 40 do preferred 1875
Chicago, b. & . oil. 7U9s Northwestern l03-s