The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-06
NAVAL STORES STATEMENT

day last year. ......-.... 2615c
New York. July 5.-Rosin dull. steady;
strained, common to good, 81 3511S1 40. Tur-
pentine quiet and steady at 3o4G13O4c.
Charleston, July s. Spirits turpentine
firmly held at 2S1ac; receipts "a. Rosin-good
strained firm at 81 TO- receipts 257.
Wilmington, N. c., July 5.-Rosin dull:
strained, 9214c; good strained, 971lc. Spirits
turpent1ne nothing doing. PC Tar firm, 81 81.
Crude turpenttne steady; hard 81 90; soft
81 70; virgin, az %.
Financial
Savannah, July 5.-Money is easy
Domestic ExchanRe-lhe tone of the mar
ket is steady. Banks are buying at par and
selling at "a per cent. premium up to s. 0Oo
and ITO of per cent. for amounts of 5000
and over.
Foreign Exchange-Market dull. The fol-
lowing are net Savannah quotations: Sterling
commercial demand, a s74: sixty days,
"a S61a; ninety days, a SO: francs Paris and
Havre. sixty days, s. 10; Swiss, sixty days,
50 20]4 marks, sixty days, 951s.
Secur1ties-The market is quiet on Cen
tral issues, but the inquiry continues with
light offerings.
State Bonds-Georgia ~ per cent. 1915,
liz bid. lib asked; Georgia per cent. 1895,
lO4 bid, 1O5 asked; Georgia 80 per cent,
long dates, 961a bid, 81 asked
City Bonds-New Savannah per cent.
quarterly October coupons 1857 bid. 1861
asked; new savannah per cent. August cou-
pons 106 bid. 1861 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral gold 5s 88 bid
asked; Central consolidated mortgage Z
per cent. coupons. January and july maturity,
1898, 1867 bid. - asked; savannah and West
ern railroad 5 per cent. trust certificates, A
bid, asked Savannah, Americas and
Montgomery per cent. 50 bid. 80 asked ;
Georgia railroad per cent. 1910, 100 bid 10
asked; Georgia Southern and Florida first
mortgage per cent. bid. 81 asked.
Montgomery and Eufaula first mortgage 6
per cent Endorsed by Central railroad, 98l5
bid, 100 asked; Augusta and Knoxville frs t
mortgage per cent so bid, 49, asked; Ocean
Steamship per cent. due in 1920 So bio 100
asked; Columbus and Rome first mortgage
bonds. indOrsed by Central railroad, IL bid -
asked; Columbus and Western per cent,
guaranteed. 80 bid, - asked; City and Sub
urban railway first mortgage per cent, -
bid, 50 asked: Savannah and Atlantic per
cent, Endorsed, % bid, 40 asked; Electric rail
way first mortgage Is, So bid, IS asked; South
Georgia and Florida first mortgage per
cent, Jos bid, 106 asked; South Georgia and
Florida second mortgage. l04 bid, 105 asked
Alabama Mldlsnds. So bid, 80 asked.
Railroad Stocks-Central common, 20 bid,
q asked Augusta and Savannah per cent.
guaranteed. So bid. asked; Georgia com
mon, 14l bid, IA asked Southwestern
Z per cent. guaranteed. including or
der for div. II bid, ~ asked; Central per
cent. certificates, with order for defaulted
interest, rs bid, asked; Atlanta and
West Point railroad stock, 70 bid so asked
Atlanta and West Point per cent. certih-
Gates, 80 bid. 90 asked.
Bank Stocks, Etc.-Southern Bank of the
State of Georgia. 1872 bid, - asked ex divi.
dend: Merchants National Bank, 80 bid, 81
asked eX dividend; Savannah Bank and Trust
Company, 97I bid 9o19 ex-dividend asked
National Bank OF Savannah, i27 bid, 1873 ex div
idend asked; Oglethorpe Savings and Trust
Company. 100 bid. 1Gl eX-dlvideud asked; Citi.
zens Bank. 1909 bid i01 . ex dividend asked;
Chatham Real Estate and Improvement Com
pany 50 bid. 49, asked eX-div: Germania Bank
100 bid l0l ex-dlvidend asked; Chatham Bank,
4Si3 bid, ~ exdlvidend asked; savannah
Construction Company, ~ bid, so asked
title Guarantee and Loan Company, "A bid,
70 asked
New York. July s. p m.-Money on call
is easy at per cent. The last loan a. per
cent and al the closing was offered at per
cent.
Prime mercantile paper, 3ls94 per cent
Bar silver 6<14c.
Sterling exchange Is duh. with actual bust
ness in bankers bills at 81 s71(l14 S7a for sixty
days and 81 ss494 $50 for demand; posted
rates 81 S812I4 So
Commercial bills 81 s54@4 s64 for sixty
days
Government bonds steady. State bonds dull
Railroad bonds nrmer
Silver at the Stock Exchange to-day was
neglected.
New York July 5.-The following were
theopenng quotations at the Stock Exchange
today:
Ere .......,...,...... 10 4
Chcagoand Northwestern. ............. lO41a
Norfolkand Western preferred ........ 10
Richmondand West Point Terminal. II "a
WesternUnlon. ....-.......- ....... 1874
New York. July 5.-The markets for securi-
ties were dull again to-day, only lll.422
shares of stock being traded in, of which
American Sugar alone figured for 46,e00
shares The undertone of speculation was
firm throug hOut, the heavineSS of sugar hav-
ing had no influence. London started the
upward movement on the general railway
list by taking moderate amounts of its
speciaIties Local bulls were encouraged by
the position assumed by the foreigners and
especially as the June statements OF the
Louisville ana Nashville, Missouri, Pacific,
St Paul, Canadian Pacific and Rock Island
were anything but favorable. For the period
named, the loss on gross earnings
by the Louisville and Nashville was S182, 400,
and that of the St. Paul over 1921 900 Strike
news fell fat. neither home nor foreign oper-
ators having paid any attention to the devel-
opments 1t the west, that is, so far as the
market is concerned the general belief still
being that the American Railway Union S
movement against the railroads Will end in
failure. The reporting of the tariff bill TO the
House is looked on as a bull argument by
most operators, as 1t means an early settle
ment of this veXed question. 1t certainly on
sets the labor troubles to-day. the course
of prices clearly proves. The advance ranged
from !. to per cent. outside of Baltimore
and Ohio. which rose IL to 7212, st. Paul.
Louisville and Nashville, Burlington and
Quincy Big -Four and Richmond Terminal
were most prominent. The last named was
more active at a higher range, on account of
the progress made in the reorganization of
the system. The Northern Pacific was stead
jer. The Adams Company is out with ca !
for deposits Of all bonds below the first mort
cages American Sugar was the weak spot
All day long and gradually dropped from 1905
to 81 - closing at the lowest point. Houses
with Washington connections were used to
sell the stock. There were rumOrs that the
differential duty on refined sugar would
be taken out OF the bill by
the House. The amendment max
ing it illegal for combination or
trust to engage in the importation Of mer-
chandise or products, also induced selling
Cordaz &c wac pressed for sale and fell to2ll4c.
Lead and Whisky were tlrm and Chicago Gas
was strong rising to within fraction of soc
In the inactive stocks, Pullman Palace fell
pa to 155c and rallied to l51c. The market
closed steady to firm, at advances of "a to he
per cent. for the day. Sugar lost per cent.
and Cordage "a per cent. Railroad and mis-
ceraneous bonds we're dull and hrmer. Sales
listed stocks aggregaged 6l0OO shares I'M
listed 81 0OO shares
The quotations at the closing were as fol-
lows
ANN. Cotton Oil 26ss Missouri Pacific. 20 *
do pref 7Ol487OIS Mobile & OHIO. Is
sugar Refinery. ga Nash, G. & ST. L.. 20
do pref -....-. sltB |. = Cordage ~ 10
American Too'co. 81 do do pref 80 Q
do pref - i0l N. J. Central. 100
AtehlsonT.& SF. 81 n. Y. Central. ... 1854
Baltimore ohio = y. y. y. e.. -