The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-02
FINANCIAL.

Money-Steady.
Foreign Exchange : The market was
steady. The following are net Sa-
vannah quotations: Commercial demand.
A.9IS4; sixty days, S4S624; ninety DAYS.
$4.S69s; francs, Paris and Havre, sixty
days, 5.lS; Swiss, sixty days, S5lq7S;
marks, sixty days, 50 1-l6.
Domestic Exchange-Steady; banks are
buying at par and selling at 1-l0 per cent
premium Tor amounts from $500 10 81 900
Securities-The tone Of the market was
firm for state bonds; other securities
were steady.
Stocks and Bonds-state Bonds-Geor-
gia, 81 per cent. bonds of 1880 lOllb bid
1O2 asked; Georgia 49, per cents, due 1916
102 bid, 103 asked; Georgia IS Smiths
maturity 1896, l0S bid, 1882 asked; Georgia
AZ per cent. bonds, 1915, 1872 bid ia
asked; South Carolina 415s, l66 bid l05
asked.
City Bonds-Atlanta per cent. 1O7 bid:
10S asked; Augusta 4l2s, 1925, l04 bid los
asked; Augusta Z per cent. 114ls bid. 1857
asked; Augusta per cent, 1l2Ia bid ne
asked; Columbus per cent, 103 bid 1O4
asked; Macon per cent, ia bid Il5
July coupons, 1892 bid, 10 asked; Savan-
nah per cent, quarterly August coupons
1O9 bid, 1892 asked; Charleston As, IS bid.
Railroad Bonds-savannah Florida and
Western railroad general mortgage bonds
s per cent. interest coupons l12 bid. hi
asked; Atlantic and Gulf first mortgage.
consolidated Z per cent. coupons. January
and July maturity, 1897, 103 bid 1881
asked: Central Railroad and Banking
Company, collateral gold 5s, "a bid,
SO asked; Central of Georgia
railway first mortgage IS, 1915, bid
1l2 asked; Central of Georgia railway
consolida ted IS, 5O-year gold bonds, IS
bid, SO asked; Central of Georgia railway
first preferred incomes, bid 29 asked /;
Central of Georgia railway second pre-
ferred incomes, bid, IA asked; Cen
tral Of Georgia railway third preferred in
comes bid, 8 asked; Georgia Railroad
IS, 1910. 112 bid, 1l2lA asked
frst IS, los bid. los asked; Charlotte
Columbia and Augusta second mortgage
Z, 1l3 bid, ia asked; Georgia Southern
| and Florida new IS, 96l5 bid, 97lk
mortgage Is, 1O6 bid, - asked; South
Georgia and Florida, second mortgage Is,
los bid, = asked; Savannah, Americus
- bid, 1O1 asked; City and Suburban
railroad first mortgage per cent bonds.
| rs bid IS asked; Electric Railway SIS
| due 1885, bid, 20 asked; Alabama Mid
| land per cent. Endorsed, 921z bid, 1917 ask
ed; Brunswick and Western As, - bid, IS
asked; South Bound railroad IS, - bid
| rs asked; Southern railway IS, SO bid,
| "a asked; Georgia and Alabama con-
soils, 70 bid, "A asked.
Railroad Stocks-Augusta and Savan-
| nah, "a bid, So asked; Georgia common,
| 10 bid. 172 asked; Southwestern, 93l5 bid
| 9i15 asked; Atlanta and West Point rail-
road stock, 101 bid, 1O2 asked; Atlanta and
| bid 1907 asked; Savannah Construction
| Company, bid, Is asked.
Gas Stocks-Savannah Gas Light stock
| 221a bid 23la asked; Electric Light and
| Power Company, 90 bid, 81 asked ex-div
bid. ,lll% ask asked -, ex;,ddiv.; Chat
div; Germania Bank, 1906 bid, 1O7 asked ex-
div; Merchants National Bank, 991a bid
div; Merchants National Bank, bid
| 80 asked; National Bank of Savannah,
! 1884, bid, 135 asked; Oglethorpe Savings
| and Trust Company, 1O4 bid, 1912 asked
| ex-div. Southern Bank OF State of
Orgi BANK IKE and Pr Trust Gilman S 2sk iSs
| bid 1919 asked, ex. div; Chatham Real
| Estate and Improvement Company, A, 53ls
| bid, "a asked; B, 80 bid, 501a asked ex-div.
| Peoples Savings and Loan Company, 9lh
| bid, 92la asked.
| bid, 1O8 asked; Sibley Factory 6s, 102 bid
! 1O3 asked; Enterprise Factory IS, 10S bid
| lO4 asked; Eagle and Phenix Manufacture
| ing Company, per cent. bonds, - bid, Is
Factory stocks-Savannah Cotton Fac
| tory, - bid, 80 asked; Eagle and Phenix
| Manufacturing Company = bid, 10 asked;
Augusta Factory, Is hi, bid. Is asked; Gran
| ley Factory, 10S bid, 10 asked; Enterprise
| Factory, common, 100 bid, los asked; ].
| P. King Manufacturing Company, 10S
| bid, 10 asked; Sibley Manufacturing Com
| pany, Is bid, rs asked; Savannah Brewing
| Company, = bid. 70 asked.
London, July bar silver, 311zd; con-
| soils 113 11-16 for money and 113 1915 for
| the account.
New York July 1.-Money on call was
| quiet at per cent; the last loan was at
| 2 per cent, and at the closing was offered
| at per cent. Prime mercantile paper,
| 5651hc. Silver 6SBc. Sterling exchange,
was quiet and steady, with actual bust
ness in bankers bills at $46 for sixty
days, and $4.SSA for demand; posted rates,
| ST. SS34 SO. Commercial bills, S4.S6d4S61
| Government bonds were lower; state
bonds were dull; railroad bonds were
weak Silver at the board was easier.
New York, July THE treasury bal
ances were as follows! Coin, S1OS8 1858;
| currency, $S8,S67,136.
New York, July 1, noon-Erie, 14A;
| Northwestern, 1914; preferred, $50 bid ;
Lake Shore, 1471a; Norfolk and Western,
preferred, 50; Western Union, S21s; South
| ern Railway, common, ga; Southern Rail-
way, preferred, 251a; American Sugar, 109;
! Baltimore and Ohio, II; Canada Southern,
| 4615; st. Paul, 741s; Rock Island, GA Della
| ware and Hudson, 124; Delaware, Lacka-
wanna and Western, 1881; Manhattan, 50;
| Michigan Central, "a; New York Central,
| 94A. Speculation steadier.
New York, July 1.-Stocks-At the OPP
| ening of the market the foreign support,
which has been so conspicuous feature
| of late was lacking. AS considerable
| stress has been laid upon the recent for
| eign buying, the professional traders,
who are bearishly inclined, put out a
! short line. Local bull operators who are
| apparently discouraged by the strength
| of the free silver men a Chicago and the
reports that the Altgeld contingent will
not only write the platform of the demo-
cratic party, but name the presidential
candidate as well, lost courage and did
| little or nothing to stem the downward
movement. Manipulators forced the pace
and a firm, credited with acting for poll
| ticians of national repute, also sold lib
| eral amounts of standard railway issues,
| and the industrials were also sold. Chi
| cago, Philadelphia and Boston sent in
| quiries but careful investigation failed
| to discover any basis for the report. The
| consensus of opinion Is that the opera
| tors now in the market were responsible.
| The denunciation of the premium on gold
| bars announced is not likely to lead to
| heavy shipments according to foreign
| bankers. The sterling exchange market
| rather orroborates this belief. The de-
| cline in stocks at one time was equal 70
| ]a13A per cent. In this decline Manhat-