The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-18
NAVAL STORES STATEMENT


Exported to day 979 3C5
Exported previously. ......... 1880 2}T,53l
Total. ........ ...~..... -. 79,77e 8Ol, 286
Stock on hand and on ship
Doard TO day ..... ..... &C.. 535S7 q6479
Stock same day last year. 800 81 O76 l236l5
Receipts same day last year. I773 4l4O
Price spirits turpentine same
day last year -. .....,'.... ESQ
New York, July 17.-Rosin dull easier:
strained, common to good, 81 3l08l 45
Turpentine quiet and steady at 29Is63Oc
Charleston, July IL Spirits turpentine
firm at 271sc bid; receipts IS casks Rosn-
good strained firm at 81 90; receipts 200 bar
rels.
Wilmington, N. c.. July 17.-Rosin firm:
strained, s75ac; good strained. 92J<c. Spirits
turpentine steady, &c. Tar firm at 81 80.
Crude turpentine firm; hard 81 %; soft
ii 10; virgin, AZ 20.
Financial.
Savannah, July 17.-Money is easy.
Domestic Exchange-lhe tone of the mar
ket is steady. Banks are buying at par and
selling at 3 per cent. premium up to 5000
and lilo OF per cent. for amounts of 5000
and over.
Foreign Exchange-Market dull
The following are net Savannah quotations:
Sterling commercial demand, "A s75{: sixty
days, "a S61a ninety days "A s61s francs Paris
and Havre, sixty days, IS 10: Swiss, sixty
days, IS 20A: marks, sixty days, 95lS.
Securlties-The market is generally quiet
State Bonds-Georgia Az per cent. 1915,
ll2h bid IA asked; Georgia per cent. 1898,
lO4 bud, los asked Georgia 81 per cent,
long dates, SO bid, 97]4 asked
City Bonds-New Savannah 3 per cent
quarterly October coupons 1857 bid, 1861
| asked; new Savannah per cent August cou-
ponS. LOG bid. 1857 asked
Railroad Bonds-Central Railroad and
Banking Company collateral gold IS, IS bid
-asked Central consolidated mortgage z
| per cent. coupons, January and July maturity,
e q ~ ANNA h n,,d VHTag
ern railroad D per cent. trust certificates AZ
bid, 40 asked; Savannah Americas and
Montgomery per cent 80 bid, 81 asked;
Georgia railroad per cent. 1910, 10Y bid lO9
| asked; Georgia Southern and Florida frs t
mortgage per cent. bid, 81 asked;
Montgomery and Eufaula first mortgage 6
| per cent. Endorsed by Central railroad, 90
| bid, 100 asked; Augusta and Knoxville first
| mortgage II per cent. 80 bid l0l asked; Ocean
| Steamships per cent, due in 1920 81 bid, 100
asked; Columbus and Rome first mortgage
| bonds. 1ndorSed by Central railroad, IL bid -
| asked; Columbus and Western per cent
guaranteed so bid, - asked; City and Sub
urban railway first mortgage Z per cent, -
! bid, % asked; Savannah and Atlantic per
cent, Endorsed, % bid, 40 asked; Electric rail-
| way first mortgage IS So bid 65 asked: South
! Georgia and Florida first mortgage per
/ cent, los bid, 106 asked; South Georgia and
! Florida second mortgage, 10i bid, 105 asked /;
| Alabama MidlandS IS bid. go asked
Railroad Stocks-Central common, 1917 bid
| 1872 asked: Augusta and Savannah per cent.
!
mon, l4l bid, IA asked; Southwestern
| z per cent. guaranteed, including or
der for div. II bid, Y asked; Central per
! cent. certificates, with order for defaulted
| interest, q bid, 80 asked; Atlanta and
| West Point railroad stock, 73 bid IS asked;
| Atlanta and West Point per cent. certi1-
| Gates. 80 bid, 81 asked.
Bank Stocks, Etc.-Southern Bank of the
| State of Georgia, l6i bid. asked ex divi-
| dend: Merchants National Bank. 90 bid. 81
asked ex dividend; Savannah Bank and Trust
10Tf1r n nv h fufAn aJlra a.
| National Bank of Savannah, i29 bid, 100 ex div
| idend asked; Oglethorpe Savings and Trust
! Company. 100 bid, lO1 eX-dlvidend asked; Citi-
zens' Bank, 1904 bid. I01 ex-dividend asked I;
Chatham Real Estate and Impro Com
pany, 50H bid,-asked ex-div; Germania Bank
100 bid, lOl ex-dividend asked; Chatham Bank.
Construction Company, 70 bid, 1914 asked :;
| Title Guarantee and Loan Company, "A bid,
rs asked
New York, July II, p. m.-Money on call
easy at | per cent. The last loan at per
cent. and at the closing was offered at per
cent.
Primemercantlle paper, 1904 per cent
Bar silver &c.
Sterling exchange is dull. with actual bust
ness in bankers bills at "a S7d4 8714 for sixty
days and 81 So(94eo4 for demand; posted rates
Commercial bills 81 1904 s51a for sixty
days.
Government bonds higher. State bonds dull.
Railroad bonds strong.
Silver at the Stock Exchange to-day wa s
New York, July 1.-THE following we're
theopening quotations at the Stock Exchange
today:
Ere. Observation-Disclosures, l4R
Chicagoand Northwestern. .............. 105
Lake Shore Observation-Disclosures. 1923 %
Norfolkand Western preferrei ......... 20
Richmondand West Point Terminal. II
WeSternU nlon.... ............- ....... 30
New York, July 17-Of to-day's sales 1872
I q f=r,1 3 cha in ~
Sugar, 49, PAS IN Dist1llers, and 1900 in Chi
cago Gas leaving over $1,000 for the entire
railway list and other induStrials The fea-
ture of the market was the heavy sales Of
| Distillers, the stock breaking from 2GA to
1874 Considerable long stock came out on
the way down. and the decline was not
checked till just at the close, when there was
a rally on covering OF shorts put out early in
the day for room account The weakness was
due to Washington advices that the compro-
mise on the distilled spirit schedule will be
unfavorable for the trust. Chicago Gas
dropped 234 to 7440745s on the announcement
that the Chicago common council had given
franchise to the Universal Gas Company. the
latter to furnish the city with gas at 75c per
thousand American Sugar first advanced &
to lOl r. fell to 80 e. recovered to zoos and de-
clined TO and closed at 9954, the lowest OF the
day. The stock is still sensitive to Washing
ton news, the early rise icing due to the
reiteratiOn of the old reports that the trust
will get the protection 1t needs, while the
weakness near the close, was the result of the
Bulls on the stock profess to believe thatther
will be no bill unless the trust is taken care
of and in the event of legislation
falling at this session the com
pany will go ahead under the old
tariff which is even more favorable than the
proposed Senate bill. The railroad list
held well until the last hour or so, when de-
cline of 4 to per cent. occurred in sympa-
thy with the weakness in the industrials.
Pullman fell ~ to 1854, and Evansville and
Terre Haute to 81, The feeling on railway
stocks is by no means bearish and even the
professional operators on the short side are
MOI inclined TO follow up the weakness OF Dis
tillers and Chicago Gas by sales OF the rail-
road issues The reported formal disagree
ment OF the tariff conference committee was
expected in view OF the wide differences known
TO exist between the House and Senate, there
fore the bears were unable TO make any
capital out OF this latest development in
national legislation II is still believed by
The street that a way will be reached to dis
nose of the matter before long. A letter in
auiry for bonds. both government and rail
roads. is having good effect on the stock
market The closing was rather weak, owing
10 the heaviness OF the industrials. Net
changes we're losses OF y to 2h. Big Four,
heading and Canada Southern rose a per
cent. Manhattan ~. Baltimore and Ohio
nor cent Reading was higher on rumors that
tbe PROSPECTS for reorganization had i'm
rroveT' The demand for railway and mis-
rellnueous NOR cages continues brisk, ana
turtLer advance In prices was recorded busl-
ness was more active.
The quotations az the closing we're as fol-
lows.