The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-13
FINANCIAL.

ElNANClAL.
Money is steady; demand fair.
The bank clearances for the past week
were Sl,924,s767S. against 81 81, 9l25O for
the same week last year.
Foreign EXchange-The market is firm.
The following are net Savannah quota
tons; Commercial demand, $3.50; sixty
days, $i.SS; ninety days, $4.S715; francs,
Paris and Havre, sixty days, $5l7; Swiss.
sixty days. S5.1sA; marks, sixty days,
Domestic Exchange-The tone Of the
market is steady. Banks are buying at
par and selling at * per cent premium.
market during the week in Southwestern
stock, but it closed weak, with free Of
ferings. The bond market is quiet ana
Stocks and Bonds.-State Bonds-Geor-
gia 3l5 per cent. bonds of 1880 1913 bid, 1929
asked, Georgia SO, per cents, due 1915,
bonds, 1915. ll3l5 bid, III asked; Georgia
Smiths. maturity 1895. 1O2 bid 1OS asked;
South Carolina 41as, 1919 bid, 1882 asked.
City Bonds-Atlanta per cent, no bid,
- asked; Augusta I per cent, us bid, ZIG
asked; Augusta 6 per cent. 100 bid, 1l0
asked; Columbus per cent, l02 bid, 103
asked: Macon per GENT, III bid, ~
Oct. coupons, 1852 bid, - asked; New Sa-
vannah per cent. quarterly August cou-
pons, 1914 bid, 10S asked.
Railroad Bonds-SaVannah Florida and
Western railroad general mortgage bonds,
per cent. interest coupons, 1874 bid lis
asked; Atlantic and Gulf first mortgage,
consolidated per cent. coupons. January
and July maturity 1897, 1922 bid l04 asked:
Central consolidated mortgage Z per cent.
coupons, January and July maturity, 1893,
l2i1s bid, - asked; Central Railroad and
Banking Company collateral gold 5s, 80
bid. IS asked; Georgia railroad 6s 1910, l12
bid, lib asked; Charlotte, Columbia and
Augusta second mortgage, ia bid, ZIG
asked Montgomery and Eufaula first
mortgage indorsed per cent 1881 bid 1Gsla
asked; Georgia Southern and Florida first
mortgage per cent; trust receipts, 100 bid.
l0l asked; savannah and Atlantic IS, in
dorsed, q bid, 80 asked; South Georgia and
Florida Endorsed firsts, l06 bid, - asked;
South Georgia and Florida second mort
gage, los bid, asked; Savannah and
Western 5s trust, certificates. indorsed by
Central railroad, 81 bid, SO asked; Sa-
yannah. Americas and Montgomery 6s, So
bid. 50 asked; Ocean Steamship per cent.
bonds, 1920, SO bid, IS asked; Columbus and
Rome first Endorsed IS, - bid 80 asked:
Columbus and Western 6 per cent, first
guaranteed, l12 bid, ia asked; Augusta
and Knoxville railroad, per cent, first
mortgage bonds, l02 bid, 1O3 asked; City
and Suburban railroad, first mortgage Z
per cent bonds, so bid, IS asked; Electric
railway bonds, % bid 90 asked; Alabama
Midland, per cent, SO bid, 80 asked;
Brunswick and Western As, " asked;
South Bound railroad 5s. 74ls bid. 75l2
asked.
Railroad StoclSs-Augusta and savan-
nah per cent, guaranteed, 50 bid 81
Georgia common, 10 bid. 173 asked; South
western Z per cent guaranteed, 80ls bid,
g g. asked CENTRAL per cent certificates;
2 Vs. bid Point % a Tai{TGad Atlanta anita AMI
bid, 9s asked; Atlanta and west vest Point
6 per cent. certificates, 9ls bid 951a asked.
% Gas sStocks5saTyiannah GasIight stock,
Power Company, 81 bid, IS asked.
Bank Stocks, Etc.-Ex-div Citizens
ba Bank G Ra bS 5s asEed es sEg CHs
mania Bank 1921 bid, - asked; ex-div Mer
chants National Bank. 1O1 bid, 102 asked;
ex-div. National Bank of Savannah 100 bid
131 asked; eX-div. Oglethorpe Savings
and Trust Company, 100 bid, 101 asked; ex-
div. Southern Bank of the State of Geor-
gia. 1Gl bid. 16S asked; ex-div. Savannah
ex-div. Chatham Real Estate and Improve
ment Company, 52l2 bid, 5312 asked; Savan-
nah Construction Company, "a bid, 70 ask
81 bid, 50 asked.
Factory Bonds-Augusta Factory, 6s.
1O2 bid, log asked; Sibley Factory IS, 1O3
Did, 1921 asked; Enterprise factory 6s, 102h
bid 1884 asked; Eagle and Phoenix Man.
bid. 81 asked.
tory, 60 bid, 67 asked; Eagle and Phoenix
Manufacturing Company, q asked; Az.
gusta Factory. % bid, u asked: Granite
Factory, 10S bid, 1O4 asked; Enterprise
Factory common, 90 bid, 95 asked; j. p
King Manufacturing Company, 100 bid, 1902
asked; Sibley Manufacturing Company, 70
New York. July 12.-Money on call was
easy at 1lz@2; the last loan was at l per
cent. and at the closing was offered at /
per cent. Prime mercantile, 3hq4 per
cent.
Bar silver, 6s7sc
Sterling exchange strong with actual
business in bankers bills at "a. S9a4 S9ls for
60 days and A.J0Q4.904 for demand. POST
ed rates. $4.S9lzQ49015. Commercial bills,
Government bonds were firm. State
bonds were quiet. Railroad bonds were
strong.
New York, July 12.-The treasury bal
ances were as follows: Coin, s1O2, SIS 900;
currency, S6,52O.0OO.
New York, July p, noon.-Erie. 1OA
Shore 147; Norfolk and Western preferred
49,; Western Union, 81; Southern Railway
common. 142s; Southern Railway pre-
ferred, 42s4; American Sugar, 1887; Bal
49,; ST Paul, 6S%4 Rock Island 71k; Della
ware and Hudson, 1907; Delaware, Lacka-
wanna and western, 1914 Manhattan, l4l;
Michigan Central, 1904; New York Cen
New York, July 12.-Speculation at the
stock exchange was decidedly irregular
to-day the Railway list, while firm, some
rather sensational declines were noted in
the Industrial group. OF the latter Leath-
er preferred was the weakest, selling down
4 per cent, to S43R, on reports that the com
pany intended to increase its capital 20 the
extent of 100000 bonds, and similar
amounts of common and preferred stocks
President Hoyt, later. denied this report
and stated that the company held nearly
sc. 900, 900 bonds in its treasury. The denial
led to a sharp recovery and in the late
trading the stock recovered to 1864, Ameri-
can Sugar was under the hammer all day
and dropped from 110ls to 1914, with a sub
sequent rally to 1885. A leading trader
was the heaviest seller of the stock. While
Sugar and Leather were heavy. Chicago
Gas showed more strength and on buy
ing, supposed to be for the short account.
advanced from 5i1z to 567sd56ia Tobacco
declined slightly, but Distilling, Cattle