The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-04-18
RICE.
FINANCIAL.


FINANCIAL
Money-The market is easy; demand
good.
The bank clearings for the past week
were $2,270, 151.O9, against $1,7SS 757S7 for the
same week last year, and $2,O04614.52 for
the same week year before last.
Foreign Exchange The market is
steady The following are net Savannah
quotations: Commercial, demand 81. S6%;
sixty days, SASSY; ninety days, S4.S5A;
francs, Paris and Havre, sixty days,
5.1S1R; Swiss, sixty days. 5.213s; marks,
sixty days, 81 1916.
Domestic Exchange Steady. Banks are
buying at par and selling as follows: Up
to S25, 10c premium; $25 to $50. 15c premium;
$50 to 800, 2Oc premium; $500 and up 70
$1,000 1s per cent premium; $1,000 and
over, 81 per $1,000.
Securities-The market is inactive and
dull
Stocks and Bonds-State Bonds-Georgia
3ls per cent. bonds of 1880, 1O2 bid, -
asked; Georgia S1a per cent. due 1876 1011k
bid, 1924 asked Georgia AZ per cent
bonds, 1915, ia bid, LIS asked Georgia
per cent. due 1926, ITO bid. Ill asked; South
Carolina 41zs, 1O8 bid, lug asked.
City Bonds-Atlanta per cent, l04 bid,
105 asked; Augusta 41as, 1925, 103 lid, lO4
asked Augusta per cent, 112 bid, 1j3
asked Augusta per cent, no bid, Ill
asked Macon, 6 per cent, lis bid, J16
as.1ed; Savannah 5 per cent, quarterly
July coupons, 1O7 bid, 107l5 asked; Savan-
nah 5 per cent quarterly May coupons,
1854 bid, 1854 asked; Charleston As, a2Ls
BID, 93la asked.
Railroad Bonds.-Savannah Florida and
Western railroad general mortgage bonds,
6 per cent. interest coupons, 1924 bid, -
asked; Atlantic and Gulf, first mortgage
consolidated Z per cent. coupons. January
and July maturity, 1897, 1904 bid, 101 ask
ed; Central Railroad and Banking Com
pany collateral gold IS, 50 bid, 81 asked;
Central of Georgia railway first mortgage
IS. 5O-year gold bonds, 1922 bid, 1872 asked;
Central of Georgia railway first CONSOLE
dated mortgage IS. 81 bid, 80 asked Central
of Georgia railway first preferred incomes,
Is bid, 2S1a asked; Central of Georgia rail-
way, second preferred incomes, 10 bid, 1912
asked Central of Georgia railway third
preferred incomes, bid, asked; Georgia
railroad 6s, 1910, 1862 bid, 1071s asked; Char
lotte, Columbia and Augusta first IS, lO6
bid, asked; Charlotte, Columbia and
Augusta second mortgage Is. 115 bid, 116
asked; Georgia Southern and Florida, new
IS, 81 bid IS asked; South Georgia and
Florida first mortgage Is, 1041a bid, los ask
ed; South Georgia and Florida second
mortgage Is, 1922 bid, 103l5 asked; Ocean
steamship per cent. bonds. 1926 1O2 bid -
asked; City and Suburban railroad first
mortgage 7 per cent. bonds, - bid 81 ask
ed; Alabama Midland per cent. Endorsed,
80 bid, 80 asked; Brunswick and Western
As G. bid. 70 asked: South Bound railroad
SIS, 50 bid, II asked; Southern railway IS,
S71h bid, SS1s asked Georgia and Alabama
first preferred SIS, 1929 bid, 10i asked; Geor-
gia and Alabama first consols, 50 bid 81
asked.
Railroad Stocks-Augusta and Savan-
nah. SO bid, 931h asked; Georgia com mon.
en- h
931a asked; Atlanta and West Point rail-
road stock, SO bid, SO asked; Atlanta and
West Point 6 per cent. certificates, 9S
bid. 100 asked; Savannah Construction
Company, 6S bid, 20 asked. ex-div.
Gas Stocks-Savannah Gas Light stock.
% bid, 2S1a asked: Electric Light and
Power Company. 81 bid, 6S1k asked.
Bank Stocks, Etc-Citizens Bank. 1881
bid. - asked; Chatham Bank As bid
46 asked; Germania Bank. los bid, 109
asked; Merchants National Bank. Sc bid
- asked; National Bank of Savannah, 124l5
bid 1851 asked; Oglethorpe Savings and
Trust Company, 1929 bid, 1921 asked;
Southern Bank of the State of Georgia,
- bid, 100 asked; Savannah Bank and
Trust Company, 100 bid 101 asked; Chat
ham Real Estate and Improvement
Company A, 81 bid, say asked B, 52A
bid, SO asked; Peoples Savings and Loan
Company, 81 bid, 80 asked.
Factory Bonds-Augusta Factory IS, 1O1
bid, 102 asked; Enterprise Factory 6s, 1O2
bid, 1O3 asked; Eagle and Phenix Manu-
featuring Company, 6 per cent. bonds,
40 bid, 50 asked; slbley Manufacturing
Company 6s, 10l bid, 102 asked.
Factory Stocks-savannah Cotton Fac
tory, 25 bid, 35 asked; Augusta Factory. so
bid 81 asked; Graniteville Fac
tory, las bid 15l asked; Langley Factory.
10l bid 1851 asked Enterprise Factory,
common, 9s bid. 80 asked; ], r. King
Manufacturing Company, 1Q bid, los ask
ed; Sibley Manufacturing Company, 70
bid. IS asked Savannah Brewing Com
pany. - bid. So asked.
New York. April 17-Money on call was
nominal at 1h0lA per cent. Prime mer-
camille paper, 3i2Qi per cent. Sterling
exchange strong with actual business in
bankers bills at AS7afG4.S8 for demand.
and AS6it04S6ia for sixty days. Posted
rates. $4S6izQ4S. and &SSu4S SiS. Com
mercial bills SLS5h. Bar silver, &c Mex
lean dollars, 48IAc. State bonds dun, rail-
road bonds weak.
New York. April l7.-rhe weekly bank
statement shows the following changes:
Reserve, increase, N96,830; loans. increase,
Sl,475600 specie. Increase, $3.50 800: legal
tenders. increase, S776 600; deposits. increase.
81 9i2 600; circulation. decrease. 1881. i00 The
banks now. hold Sl6 $50, 800 IN excess OF re-
quirements of the 25 per cent rule.
New York, April 1.-THE tendency and
course downward to-day was only inter
rupted for a brief period and no rallies of
any Importance occurred. The market
was embarrassing and very duh. being
short trading day and coming after a hol-
iday The fact that the foreign exchanges
we're closed. and win remain so until Tues
day also had its effect In curtailing OPP
erations The market was narrow and the
small dealings wholly professional. and IN
the speciaiites largely manipulative The
international stocks continued 10 manifest
heavinesF, Notwithstanding the closing 81
the London exchanges, dealers here rely
Ing on their own private 1dvices o. 20 the
war prospects abroad. and some sales ~
these stocks being made also for London