The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-17
FINANCIAL.
Money-stea


Domestic EXchange.-Steady. Banks are
buying at Is per cent. discount and selling
as follows; For amounts to S25, 1Oc prem
ium; to $50, 10 cents premium; to siOO %
cents premium; to 5000, 25 cents premium:
for 500 or over at par.
Securities-The market is again inactive
and duh.
gia, S1a per cent bonds of 1880 1917 lid
102 asked; Georgia 3l2 per cents due 1e15
1924 bid, lOl1z asked; Georgia AZ per cent
per cent, due 1896 109 bid. 109ib asked.
South Carolina AIS, 1Q bid, los asked
City Bonds-Atlanta 7 per cent los bid
log asked; Augusta 4lks, 1926 lO3 bid. 10sib
asked; Augusta per cent, 114Iz bid 1l5iL
asked; Augusta 6 per cent, Iii bid. INF
asked; Columbus per cent, l03 bid. 161
asked; Macon per cent, 1924 bid, 49,
asked; Savannah 5 per cent oua rterIy1S
July coupons, 1922 bid, 10 asked; Savan-
nah per cent, quarterly August coupons
1O9 bid, l09lz asked Charleston As, SO bid
Railroad Bonds-Savannah Florida and
Western railroad general mortgage bonds
per cent. interest coupons 112 bid ia
asked; Atlantic and Gulf first MORTGAGE
and July maturity, 1897. l01 bid, 1915
asked; Central Railroad and Bankine
Company collateral bold 5s, 81 hid
50 asked 3D. Gen Central Of Georgia
112 asked; Central of Georgia railway
consolidated 5s, 50-year gold bonds. SSis
bid, S9l2 asked; Central Of Georgia railway
first preferred incomes, - bid. 2SIb asked.
Central of Georgia railway second pre-.
ferred incomes, bid, IA asked; Cen
trail of Georgia railway third preferred in
comes, - bid, asked; Georgia Rail-
road IS, 1910, 10 bid, Ill asked !;
Charlotte, Columbia and Augusta
first 5s, 1903 bid, 1881 asked: Charlotte
Columbia and Augusta second mortgage
Z. III bid bid III asked; Georgia Southern
and Florida new IS, 9S1z bid 94t5
asked; South Georgia and Florida first
mortgage rs, JOG bid, asked; South
Georgia and Florida, second mortgage Is
and Montgomery IS, 6S1a bid, 6915 asked;
Ocean Steamship 3 per cent. bonds 1928
81 bid, 9S asked; City and Suburban
railroad nrst mortgage per cent. bonds.
due 1885, - bid, 20 asked; Alabama Mid
land per cent Endorsed, 921k bid, 931h ask
ed; Brunswick and Western As, - bid, rs
asked; South Bound railroad 5s, bid
Is asked; Southern railway IS, 81 bid,
SO asked; Georgia and Alabama 5 con-
soils, 70 bid. "A asked.
Railroad stOcks--Augusta and savan-
nah, sOls bid, 9lA asked, ex-diy;;
asked; Southwestern, S91s bid, 9Oiz
asked, ex-div.; Atlanta and West Point
and West Point per cent. certificates, 81
bid, 98 asked; Savannah Construction
Company, - bid, Is asked
Gas Stocks-Savannah Gas Light stock,
Power Company 60 bid, 81 asked, ex-div.
Bank Stocks Etc.-Cltizens Bank, Ill
bid, 11115 asked, ex-div; Chatham Bank,
- bid, As asked, ex-div.; Germania Bank,
- bid, 107 asked, eX-div.; Merchants Ma
tional Bank, 921a bid 95 asked; National
Bank of Savannah, 13l bid, 1872 asked, ex-
div; Oglethorpe Savings and Trust Com
pany, 1O4 bid, 105 asked, ex-div; South
1857 asked, ex-div.; Savannah Bank and
Trust Company, bid, 1O715 asked. ex
div; Chatham Real Estate and Improve
ment Company. A, 5S1s bid. 81 asked; B,
so bid 5015 asked, ev-div.; Peoples Savings
and Loan Company, 9115 bid, 921a asked.
Factory Bonds-Augusta Factory 6s, 102
bid, 1903 asked; Sibley Factory IS, 100 bid,
1O2 asked; Enterprise Factory 6s, 103 bid,
104 asked; Eagle and PheniX Manufac-
turing Company, per cent bonds, - bid,
65 asked.
tory, - bid, so asked; Augusta Factory,
n bid, so asked, ex-div.; Graniteville Fac
tory, las bid, $50 asked; Langley Factory,
los bid, ITO asked; Enterprise Factory
King Manufacturing Company, 105 bid,
los asked; Sibley Manufacturing Compa-
ny, 70 bid. Is asked Savannah Brewing
Company, - bid, 70 asked.
London, July 16.-Bar silver steady;
quoted 81 7-16d Paris advices quote per
cent. rentes, 101 francs S212 confines for
the account.
at 2 per cent, and at the closing was Of
fered at 2 per cent Prime mercantile pa
per, 519G6 per cent. Bar silver, 6SAc.
Mexican dollars, 535sd545sc. Sterling eX-
change is strong, with actual business in
bankers bills at $4S7$4 Q4SSA for 90 days
and SASSY 14.S9 for demand. Posted rates
$4SS12d4s91z. Commercial bills, AS112.
Government bonds heavy. State bonds
lower. Railroad bonds steady; Silver at
the board was easier.
New York, July 16-The treasury bal
ances were as follows: Coin, sos, 243, 30;
currency, $S2 156, 452.
Northwestern. 9234; preferred, 14S; Lake
Shore, 1873; Norfolk and Western, pre-
ferred, 111S; Western Union TIA; South
ern Railway, common, 7$t; Southern Rail-
way preferred. 2Ok; American Sugar,
1884; Baltimore and Ohio, 1512; Canada
Southern, 43A; st. Paul, Il; Rock Island,
DO; Delaware and Hudson, 1l6; Delaware,
Lackawanna and Western, 1885; Manhat-
tan, SO; Michigan Central, 81; New YORK
Central, 90A.
New York, July 1s.-The liquidations
which have been such a conspicuous fea-
ture of the trading at the stock exchange
during the past few days, continued dur
ing the early session. 1t is true at the
start that the market was irregular in
its course, I'd in some cases there was
more disposition to buy, but the advances
which took place, were soon lost and the
selling toward II o'clock was vigorously
renewed Reports OF heavy gold exports,
the illness of Cornelius Vanderbilt and
the fears of 4 third ticket in the presiden-
tial race, were all used with effect
against the market. AS on YESTERDAY
there were signs of Generalization and
the sales by holders whose margins had
been exhausted, formed an important part
of the transactions. Lake Shore tumbled
"a to 1S71z. while the other prominent is
sues fell anywhere from u to 31k per cent
Nickel Plate second preferred, a Wander
bilt stock, brought % against so, the last
previously repOrted sale. A bout l clock
there was a let up in selling from all
quarters and the market began to recover
Confidence slowly returned and in the
last hour the market exhibited greater
strength than at any other time of the
day. The recovery was the result of re-
ports that the gold shipments to Europe
on Saturday will fail below previous esti-
had given up the idea of nominating a
third ticket and that the Morgan Belmont
syndieate stood ready 10 lake bonds In