The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-24
NAVAL STORES STATEMENT

Spirits. Resin.
Stock on hand April 1......... II 6S4 lOs 977
Received yesterday .......... los 1857
Received previously. -. .. l52 494 4060l3
NEUTRALITY-SUSPICIOUS.. l65 2O8 $685.
Exported to-day .....,........ 1857 3,l37
Exported previously $500. 110024 404,O71
Total. ...~. ....... 1881 4o7258
Stock on hand and on ship
board to day .... ..... ... 52312 III 749
Stock same day last year. Sls55 l45 324
Receipts same day last year. l,0ll 1857
Price spirits turpentlne same
Qay last wear -.... ...-.-.-... 2313C
New York, Aug. 23.-Rosin frmer and quiet;
strained, common to good 81 159sl 20.
Turpentine dull but steady at 294@29Ac.
Charleston Aug. o. - Spirits turpentine
firm at 26Gc7c; receipts IA casks Rosin-
good strained firm at 90c; receipts 1855 bar
rels.
Wilmington, N. c., Aug. 23.-Rosin steady;
strained Soc; good strained, 9Oc. Spirits
turpent1ne, quiet at 20Ac; receipts. ISL
casks. Tar steady at 81 10 Crude turpentine
quiet; hard 81 %; soft 81 20; virgin, & O0.
Financial.
Savannah, Aug. 23.-Money is easy.
Domestic Exchange-The tone of the mar
ket is steady. Banks are buying at par and
selling at % per cent. premium up to 5000
and over.
Foreign Exchange-Market firm. The
following are net Savannah quota ions
Sterling commercial demand, "a S6I4 5Q4 s6Is :
sixty days, S4 s5l414 a51l; ninety days,
"A 1904 s5A francs. Paris and Havre. sixty
days. s. 20; Swiss, sixty days, s. PA;
marks, sixty days, 95ls;
Securltes-The market is quiet and dull
State Bonds-Georgia Al per cent. 1915
1917 bid, ll414 asked; Georgia per cent. 1896
lO4A bid, lO5H asked; Georgia 81 per cent,
long dates, 90 bid, 9SI5 asked.
City BOnds-New Savannah 5 per cent.
quarterly October coupons 1851 bid, 1861
asked; new Savannah per cent. November
coupons, 1851 bid. l06 asked
Railroad Bonds-Central Railroad and
Banking Company. collateral, gold IS, ss bid,
asked; Central consolidated mortgage 2
per cent. coupons. January and July maturity,
1898, III bid. = asked; Savannah and West
ern railroad per cent. trust certificates. 81
bid, 81 asked; Savannah, Americas and
Montgomery per cent. bid, 90 asked;
Georgia railroad per cent. 1910 10Y bid 100
asked; Georgia Southern and Florida first
mortgage per cent 1917 bid 81 asked;
Montgomery and Eufaula first mortgage 6
per cent. lndorsed by Central railroad, lOl
bid, asked; Augusta and Knoxville first
mortgage 7per cent. 100 bid, 1Ol asked; Ocean
Steamship per cent, due in 1920. 80 bid 90
asked; Columbus and Rome first mortgage
bonds. Endorsed by Central railroad - bid, Al
asked; Columbus and Western per cent
guaranteed, lOl bid, 49, asked; City and Sub
urban railway first mortgage per cent, -
bid, % asked; savannah and Atlantic per
cent, Endorsed, 25 bid, 40 asked: Electric ra1I.
Georgia and Florida first mortgage z per
cent lOo Old' iOf asked; South Georgia and
Florida second mortgage, 1864 bid, 1864
asked; Alabama MldlandS IS bid. 90 asked.
Railroad Stocks-Central common. - bid
1917 asked; Augusta and Savannah Z per cent,
guaranteed, So bid. S419 asked; Georgia com
mon, 1i5 bid 1872 asked; Southwestern
: per cent guaranteed, including or
der for div. 6715 bid, 6S1a asked Central per
cent. certificates, with order for defauted
interest, % bid, en- asked; Atlanta and
a INF RAJ n H. N ~
Atlanta and West Point per cent certif-
Gates. SO bid, SO asked.
Bank Stocks, Etc.-Southern Bank of the
State OF Georgia, 1874 bid, - asked Mer-
Savannah Bank and Trust Company 102 bid,
103 asked; National Bank of Savannah, 100
bid, - asked; Oglethorpe Savings and Trust
Company, SO bid, 100 asked; Citizens Bank
1907 bid, I01h asked; Chatham Real Estate
and Improvement Company. 500 bid, 81 asked :
Germania Bank, l02 bid. 1913 asked
nah Construction Company. "A bid, rs asked ;
Title Guarantee and Loan Company, 75% bid
asked
New York, Aug. %, 4 p m.-Money on call
easy at l per cent. The last loan at per
cent. and at the closing was offered at per
cent.
Primemercanhle paper, 40414 per cent
Bar silver U4Ac.
Mexican dollars SIC,
Sterling exchange is hrmer; bankers
bills at a s52464s6 for sixty days and
s. 8624@4 81 for demand; posted rates
Commercial bills 81 s4&@4 s5A for sixty
days
Government bonds firm. State bonds duh.
Railroad bonds strong.
Silver at the Stock Exchange today was
66 bid and 6cla asked.
New York, Aug. 29.-The following we're
theopening quotations at the Stock Exchange
to-day:
Erie Observation-Disclosures. l5Ll
Chicago and Northwesternu....... 1O7
Lake Shore Observation-Disclosures. 1879
Norfolk and Western preferred ......... 24J6
Richmond and West Point Terminal 90. TX
WesternUnlon. ..... ............. ....... 6gla
New York, Aug. %. Speculation at the
stock exchange broadened to-day and the
tendency was in the direction of improve
ment. The industrials were less prominent
in the dealings although with the exception
of Chicago Gas they maintained their recent
gains This was not considered unfavorable
however, for the reason that the Vanderbilt
stocks forged TO the front, and for the first
time in months were the real leaders OF the
market. The activity developed In these is
sues imported irmer tone to the dealings
and led to heavy purchases for both accounts
Burlington and Quincy really started to-day s
rise, the stock having opened u per cent
higher al 1914. This frightened the shorts and
their purchasers resulted In further rise
to a. This unexpected move in the
Changers forced a short interest in the Van
derbilt group into covering, and in iiry,
Lake Shore bounded up ~ TO l39 New
York Central. ~ TO i021a Big Four, ? to 4lls;
Canada Southern. ~ to 52B, and Michigan
Central, ~ TO 9yIS There was also a better
demand for the Nickel Plate issues and the
common moved up ~ 70 1917; second pre-.
ferred, u TO 30 ana the first preferred 8
to IS In the last named only 200 shares
changed hands There were no new reasons
assigned for the buoyancy in the railway list,
and operators are still basing their trades on
the idea that the German tarln bill will be-
come a law. in which event they, too.
look for a much better condition Of affairs IN
financial and commercial circles. The fact
that large short interests existed which Is
attested Uy the premiums demanded for the
active issues, is Of material assistance 70 the
manpulators In the industrials. Sugar.
Distiilers General Electric. Lead and
Leather we're all in request, but Chicago Gas
showed signs OF extensive liquidations. 1he