The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-22
THE MORNING NEWS: SUNDAY, july %, 1894

Stock same day last year. q, SOS lgi go
Receipts same daF last year. So2 1913
Price spirits turpentlne same
oay last year. .....-..... PC
New York. July sl.-Rosin market quiet;
strained, common 70 good. 81 271sasl S2R.
Vurpentine dull aud STEADY at 2oH2eAc
Charleston. July a. Spirits turpentine
oull at x71fe; receipts ~ casks. Rosin-
good strained firm at 81 90; receipts ~ bar
rels
Wilmington, N. G., July 2l.-Rosin Arm;
strained, S74c; good strained, 92lsc. Spirits
turpenine nothing doing &c. Tar arm, si s..
Crude turpentine hrm; hard sl %; soft el 20;
virgin, e 20
Financial
Savannah, July 21.-Money is easy.
Domestic ENchange-rhe tone Of the mar
ketls steady Banks are buying at par and
selling at 70 per cent. premium up to 5000
and no OF per cent for amounts OF 5000
Foreign Exchange-Market steadier.
Inc following are net savannah quotations:
Sterling commercial demand, "a So: sixty
days, - s02 ninety days a s6k francs Paris
and Havre. sixty days. IS 10: Swiss. sixty
days s. 2OA; marks sixty days, 951S.
Seeurlties-The market is very dull and
quiet
State Bonds-Georgia AZ per cent 1915.
liz bid, ia asked; Georgia per cent 1896,
lO4 bid, 1O4A asked; Georgia By per cent,
long dates, 90H bid, e7Al asked.
cent.
quarterly October coupons 1854 bid l05al
asked; new Savannah per cent. August cou-
pons. 1864 bid - asked
Railroad Bonds-Central Railroad and
Banking company collateral, gold 5s, SS bid,
asked: Central consolidated mortgage Z
per cent. coupons, January and July maturity,
1873, ITO bid. - asked; Savannah and West
ern railroad per cent. trust certificates. AZ
bid. a asked; Savannah, Americas and
Montgomery per cent. 50 bid, 50 asked
Georgia railroad per cent. 1910, l07 bid, l09
asked; Georgia Southern and Florida hrst
Montgomery and Eufaula first mortgage 6
per cent lndorsed by Central railroad 100
bid, asked; Augusta and Knoxville frst
steamship per cent, due in 1920, 81 bid, 100
asked; Columbus and Rome frst mortgage
bonds. Endorsed by Central railroad, IL bid -
asked; Columbus and Western per cent.
guaranteed, 50 bid, asked: City and Sub
urban railway first mortgage per cent, -
bid, IS asked; savannah and Atlantic per
cent, indorsed, 25 bid, 40 asked; Electric rail-
way first mortgage 6s SIS bid, - asked; South
Georgia and Florida first mortgage per
cent, los bid, l06 asked; South Georgia and
Florida second mortgage, 10i bid, los asked /;
Alabama Midlands. IS Did, 90 asked.
Railroad Stocks-Central common, 1871 bid,
1917 asked, Augusta and Savannah per cent.
guaranteed, IS bid. 81 asked; Georgia com
mon. IA bid, las asked Southwestern
per cent guaranteed, including or
der for div. 705s bid, TN asked; Central per
cent. certificates. with order for defaulted
interest % bid, 80 asked: Atlanta and
West Point railroad stock, 7s bid. IS asked;
Gates. SO bid, % asked
Bank Stocks, Etc-Southern Bank OF the
state of Georgia. 1871 bid - asked eX dtvi-
dend; Merchants National Bank, 81 bid, 49,
asked ex DIVIDEND; Savannah Bank and trust
Company, l0l bid, 1902 ex-dividend asked /:
National Bank of Savannah, 100 bid 49, ex div
idend asked; Oglethorpe Savings and Trust
Company, 90 bid, 100 ex -dividend asked; Citi-
zens' Bank, 1909 bid IOl exdividend asked ;
Chatham Real Estate and improvement Com
pany, 50& bid,-asked ex-div; Germania Bank,
100 bid, lOl ex-dfvidend asked; Chatham Bank.
1874 bid, 49H ex-dlvidend asked savannah
Construction Company "A bid, rs asked
Title Guarantee and Loan Company, "a bid,
70 asked
New York, July 81 4 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, sH94 per cent
Sterling exchange Is nrm, with actual bust
ness in bankers bills at "a S75404 s751 for sixty
days and 81 $50 ieo4 for demand; posted rates
q 671aGD4 50.
Commercial bills o. s5Aa4 SIX for sixty
days
Government bonds steady. State bonds dull
Railroad bonds weak
Silver at the Stock Exchange to-day wa $
neglected
theopening quotations at the Stock Exchange
today:
Erie Observation-Disclosures, 1914
chicagoand Northwestern. .....,........ 1919
Lake Shore ........ ..t........,.......... l2f 4
Norfolkand Western preferred ......,.. 1914
Riohmondand West Point Terminal. -. 12IS
NesternUnlon. .'...,....... ....,... S54
New York, July 9L-To.day short session
at the STOCK Exchange presented few features
OF interest. There was excellent buying OF
American Sugar, however under which prices
of the stock we're advanced from lOllkc to
l02Ac, with subsequent reaction 90 l0lAc AT
the close the stock was l02Ac. The strength
is due TO the belief that the trust is in an
envtable position, so far as tariff matters are
concerned. The conservatives in the Senate
show no signs OF yielding to either the House
or the President, ans insist on the passage of
the Senate bill ordered to legislation. In
the event Of the bill passing the sugar re
hnerS get protective duty of &c, and
II it should be defeated, they have
the Mckinley bill with its duty of "A a cent ia
fall back on Either way, so the bulls say,
they are protected. Distillers was heavy and
lower, falling from 20 to 1S1a on foundations
When the pressure of long stock lifted q rally
to 1879 ensded. The other industrials wsre
quiet and firm. Among railways Atchison
was heavy and especially for the junior
bonds. The Tours fell from 73H to Tx. and
the seconds from 231k TO 22% The stock sold
at3B Liquidations in the securities were
due to the report that there was difference
OF opinion about the question of rebates to
shippers. The expert, IL was said. claimed
that rebates were not properly charged tC
earnings, while the secretary of the
general reorganization committee insisted
that the expert never made any such charge.
The opinion obtained that the reorganization
would be delayed, however and as a result
tired holders sold OUT. There was very little
to the market outside of the shares named
and the total sales we're only Al. 226 shares, OF
which 24,3t0 we're American Sugar and ii 70C
Distillers Union Pacific was steady at iOd
10S. II is announced that Ed McNiell has
been appointed receiver OF the Oregon Rail
way and Navigation Company. Net changes
for the day show gains OF Il TO "a per cent
American Sugar led Manhattan declined 4
Chicago Gas 4 and General Electric q per
cent. The bond market was weak Sales oil
listed stock aggregated 5000 shares; unlisted
% 900 shares.
The quotations at the closing we're as fol-
lows:
ANN. Cotton OIL. 261l Missouri Pacific. 20
do pref 6sA070 Mobile & Ohio. -. Is
Sugar Refinery. l0214 Nash. @. & St. L.. IS
American To6'co i54 do do f pref. So
Atchlson, TIA ST. AKIN Y Central. 49,. 97H
Baltimore & Ohio. ~ YIN E. IA
Canada Pacific. .. o. Mort & West pfd. 1917
Ches. & Ohio. ... 1914 Northern Pacific 81,
Chicago& Alton lao do preferred 49,,
Chicago, B. Il a.. 65ts Northwestern l04I1
Chicago Cas-. rs do preferred. TAI
Del, Lack W; 1888 Pacific Mail. l4ls
Dis. S Cat. Feed. 1914 Reading ..,..,. l6aI
East Tennessee e. 6al Richm'd T'minal. 1915
do pref. 10 Rock Island. 80. o71S
Erie ...,..... 1874 st Paul. 1900. 596
90 pref; y 90 pref. ......lls
Ed. Gen. Electric So Z Silver Certif's - 81
pofe -aI .4gt q.