The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-01
FINANCIAL.
Money-MarkeL steady.

easy. The following are the net Savan-
nah quotations. Commercial, demand,
$4.S4A; sixty days, $4.s8; ninety days,
1925; francs, Paris and Havre, sixty
days, 5.23A; Swiss, sixty days. 5. 25 marks,
sixty days 94iA.
Domestic EXchange-Steady; banks are
buying at Lie per cent. discount, and SELL
ing as follows Amounts up to SIS, 10 cents:
S25 TO $50, Is cents $50 to 800, 20 cents; 500
to $3.50, % cents; $3.50 to $3.50, Ito per cent
premium, and $3.50 and over, rs cents per
1000.
Securites-The market is fairly active;
but offerings are light. Georgia state and
Savannah City Bonds are hardly Oh
tainable, consequently trading is unsatis-
factory.
gia 315 per cent. bonds of $780, 107 bid, 1881.
asked; Georgia 31a per cent. due 1915, lO4
bid, LOG asked; Georgia AZ per cent. bonds,
1915, III bid 1lS asked Georgia 4 per
cent, due 1920. 113 bid, ia asked; South
Carolina 4As. 10 bid, Ill asked
City Bonds-Atlanta, AZ per cent 1928, 1O6
bid, - asked; Augusta Avs, 1925, 107 bid. 1OS
asked; Augusta 7 per cent, ITO bid. III
asked; Augusta per cent, Ill bid, 113
asked; Columbus per cent. 105 bid, JOG
asked Macon 6 per cent, lis bid, 116 ask
ed; Macon 419s, 1926, 1914 bid, 1851 asked;
Savannah per cent, quarterly October
coupons, Ill bid, liz asked; Savannah
per cent. QudtlCLly november coupons.
Ill bid, 1111s asked; Charleston As. "a
bid, IS asked,
Railroad Bonds-Savannah, Florida and
Western Railroad general mortgage bonds.
6 per cent interest coupons, 11S bid. 119
asked; Savannah, Florida and Western
first mortgage per cent, gold bonds. due
1924, 1912 bid, 1O6 asked Central Railroad
and Banking Company collateral IS. 81
bid, % asked Central of Georgia Rail-
road first mortgage 5s, 50-year gold bonds.
1171a bid, 119 asked Central of Georgia Rail
way first consolidated mortgage 5s, S71b
bid 8S1a asked; Central of Georgia Rail-
way first preferred incomes 411b bid 421b
asked; Central of Georgia Railway second
preferred incomes 1874 bid, 141b asked.
Central of Georgia Railway third
preferred incomes, bid, asked:
Georgia Railroad 6s, 1910, 113 bid, ia asked
Charlotte, Columbia and Augusta first S.
1O5 bid, LOG asked; Charlotte, Columbia and
Augusta second mortgage rs, us bid, 12O
asked; Georgia Southern and Florida new
IS, 1852 bid. 1862 asked South Georgia and
Florida first mortgage Is 1927 bid. 1031h
asked; South Georgia and Florida second
mortgage Is, 1929 bid, 1882 asked; Ocean
Steamship 5 per cent, bonds, 1926 103 bid
1O5 asked City and Suburban Railroad
first mortgage per cent bonds, 100 bid
102 asked; Alabama Midland per cent. in
dorsed, 921S bid, 81 asked Brunswick and
Western As Y bid, 20 asked: South
Bound Railway IS, 70 bid, 70 asked; Geor-
gia and Alabama first preferred 5s, 103 bid
1O4 asked; Georgia and Alabama cons IS,
90 bid 81 asked; Eatonton branch. 30 bid
90 asked; Central of Georgia, Middle Geor
gia and Atlantic division 5s. S115 bid So
asked.
Railroad stocks-Augusts and savan-
nah, 9715 bid, 1912 asked; Southwestern, 80
bid. SO asked; Atlanta and West Point
stock, 100 bid, 107 asked; Atlanta and West
nj o Ia ~
asked; Georgia common, 1872 bid, 1893 asked
Savannah Construction Company, 80 bid,
SO asked
Gas stocks-savannah Gas Light stock,
22A bid, % asked; Electric Light and
Power Company. n BID, 7216 asked.
Bank Stocks, Etc-Citizens Bank 11OM
bid, Ill asked; Chatham Bank, AZ bid, 4S
asked; Germania Bank 11O1a bid, 111b
asked; National Bank of Savannah, 125
bid, 126 asked; Merchants National Bank
SO bid S415 asked; Ogethorpe Savings
and Trust Company, l04 bid 105 asked;
Southern Bank of the State of Georgia,
1870 bid 1871 asked; Savannah Bank and
Trust Company, 1O2 bid, 103 asked; Chat
ham Real Estate and Improvement Com
pany, A, 551a bid, Sc asked; t. 5415 bid, 55
asked; Peoples Savings and Loan Compa-
ny, SO bid, IS asked.
Factory Bonds--Augusta Factory, 1O5
bid, 106 asked; Sbley Manufacturing Com
pany, 6s 100 bid 1902 asked.
Factory Stocks-Augusta Factory, So bid
65 asked; Graniteville Factory, 140 bid 145
asked; Langley Factory 100 bid 101 ask
ed Enterprise Factory, common. 80 bid,
81 asked; J. r. King Manufacturing Com
panY, 100 bid 101 asked Sibley Manufac-
turing Company, 70 bid, rs asked; Savan-
nah Brewing Company, 95 bid. 100 asked
New York, Aug. 31.-Money, firm on call
at 115Gl2 per cent; the last loan was at
per cent. Prime mercantile paper, STAT
per cent. Sterling exchange, easier, with
actual business in bankers bills at $iS46
4.S414 for demand and $4S2s4Q4.S3 for sixty
days; posted rates, $4S4n4.S6. Commercial
bills, $4S2. Silver certificates, 593l d6O12c.
Bar silver, $3.50. Mexican dollars 4612c.
Government bonds We're easy;
New York, Aug. 31-To-day's stock mar
ket was quite as remarkable for the list
1essness. and heaviness of the standard Sc
curities as it was for the animation and
strength of a number of specialiies. The
Changers, Union Pacific, Atchison prefer
red, Brooklyn Transit, Sugar, and most
of the railway shares were seni-stag nant
all day and most OF them closed at small
net losses and with outside fluctuations
for the day of only a small fraction. The
great combination of iron and steel com
panies was one of the notable influences
which caused activity and strength in a
number of stocks. The announcement of
the first gold imports impaired some Wig
or to the market and did not check a
further decline in sterling exchange. Lon
don discount rates advanced a per cent
to 1AG17sc, but are still AQ3sc per cent
below the rates for the corresponding pc
RODS in New York. Money rates here
were unchanged but firm, and the outgo
Of cash from the banks to the subtreasury
on account of bond subscriptions contin-
ued. In view of the apparent needs of
the money market the decline in gov
ernment bonds to-day, including the new
3s when issued is somewhat perplexing
These bonds are supposed to be in eager
demand by the banks, not only to offer
security as for government deposits, thus
relieving the drain for the subtreasury
but also for circulation to meet the grow
ing interior demand. There was some
large transactions in bonds to-day, and
prices were quite firmly held with a few
exceptions, notably the Atchison issues
Total sales. $2745.O00 United States new
As, as and the old As. registered, and the
IS, when issued, declined 4 in the bid
price.
The total sales Of stocks to-day were