The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-07-08
FINANCIAL.
Money-Market steady.

FINANCIAL.
Money-Market steady
Foreign Exchange-The market is
steady. The following are the net Savan-
nah quotations: Commercial demand,
$4S5; sixty days &.S314; ninety days,
$4S25s; francs, Paris and Havre, sixty
days, $3.50; Swiss, sixty days, 5.26; marks,
sixty days, "a 7-16.
Domestic Exchange-steady; banks are
buying a Lie per cent. discount and sell
$25 to $50 15c premium; $50 to $780, zoe
premium; $500 to 81, 900 Coo premium; 81 900
and over lie per cent. premium.
Securities-The market is quiet, but
firm. 1t is difficult to buy readily state
and municipal securities.
Stocks and Bonds-State Bonds-Geor-
gia 31a per cent. bonds of $780, 107 bid, 1882
asked; Georgia 31a per cent, due 1876 105
bid, 107 asked; Georgia AZ per cent. bonds,
1915 1141a bid, 1151a asked Georgia per
cent, due 1920, 40 bid, Ill asked South
Carolina 41as, 1903 bid, 112 asked.
City Bonds-Atlanta Z per cent, 102 bid,
asked; Augusta 41as 1926 lO5 bid. 1O6
asked; Augusta Z per cent, 10 bid, III
asked; Augusta per cent, 112 bid, 113
asked; Columbus per cent. 1881 bid, 1912
asked; Macon 6 per cent 115 bid, 116 ask
ed; Macon 41as, 1926, 10S bid, 104 asked
Savannah 3 per cent, quarterly October
coupons 1903 bid, Ill., asked; Savannah )
per C6ul.s quar- august coupons, Ill
bid, 111A asked; Charleston As, 951a bid,
96A asked.
Railroad Bonds-Savannah, Florida and
Western Railroad general mortgage bonds,
per cent. interest coupons lis bid, 116
asked; Savannah, Florida and Western
first mortgage per cent. gold bonds, due
1924 1O4 bid 105 asked Central Railroad
and Banking Company collateral 5s, 81
bid, SO asked; Central of Georgia Rail-
road first mortgage IS, 50-year gold bonds,
11534 bid, III asked Central of Georgia Rail-
way first consolidated martgage 5s, SO bid
80 asked Central of Georgia Railway
first preferred incomes 80 bid 391h asked;
Central of Georgia Railway second
preferred incomes, 1874 bid, 1872 asked;
Central of Georgia Railway third
preferred incomes, bid, 61A asked;
Georgia Railroad IS, 1910, 112 bid ia asked;
Charlotte, Columbia and Augusta first 5s,
1O7 bid, 1OS asked; Charlotte Columbia and
Augusta second mortgage rs, lis bid, JIG
asked; Georgia Southern and Florida new
IS, 1O3 bid, 104 asked; South Georgia and
Florida first NOR gage Is, 101 bid, 102
asked; South Georgia and Florida second
mortgage rs, 101 bid, 1872 asked; Ocean
Steamship per cent. bonds, 1926. 1903 bid,
104 asked; City and Suburban Railroad
first MORTGAGE per cent. bonds, 101 bid, 1903
asked; Alabama Midland per cent. in
dorsed. So bid, SO asked; Brunswick ard
Western As, Y bid, rs asked South
Bound Railway 5s. 6S bid, Y asked; Geor-
gia and Alabama first preferred 5s, 103 hid,
1914 asked; Georgia and Alabama cons. IS,
80 bid. 81 asked; Eatonton branch, 50 bid
S5 asked; Central of Georgia Middle
Georgia and Atlantic division 5s 1872 bid,
50 asked.
Railroad stocks-Augusta and Savan-
nah, 81 bid, 50 asked, ex-div;
Southwestern, "a bid, So asked, ex-
div: Atlanta and West Point
and West Point per cent certificates. 1902
bid. 1912 asked, ex-interest; Georgia com
mon. 1870 bid, 1872 asked; Savannah Con-
struction Company, 6S bid, 70 asked.
Gas Stocks-Savannah Gas Light stock,
% bid, 2315 asked Electric Light and
Power Company, 70 bid, 711s asked, ex-
div.
Bank Stocks, Etc.-Citizens Bank, 1882
bid. 11O1a asked, eX-div.; Chatham Bank
4515 bid, 46 asked eX-div. Germania Bank,
10 bid III asked, eX-dv.; National Bank
of Savannah,14 bid,125 asked ;ex-div. ;Mar-
chants National Bank, SO bid. S415 asked,
ex-div; Oglethorpe Savings and Trust Co..
1903 bid, 10l asked, ex-div.; Southern Bank
of the State of Georgia, 12S12 bid, 1870 asked,
ex-div.; Savannah Bank and Trust Com
pany. 100 bid, 1902 asked, eX-div.; Chatham
Real Estate and Improvement Company,
A. s. bid. 551a asked; b, 81 bid, 5474 asked,
ex-div.: Peoples Savings and Loan Com
pany. 90 bid, 81 asked.
Factory Bonds.-Augusta Factory, 101
bid. 1O2 asked; sibley Manufacturing Com
pany, 6s. 100 bid, 1O2 asked.
Factory StOcks.-Augusta Factory 6S
bid. Is asked; Graniteville Factory, 145
bid. 15 asked Langley Factory, 100 bid,
1O1 asked Enterprise Factory, common,
90 bid, "a asked; J. r. King Manufacturing
Company, 100 bid 101 asked; Sibley
Manufacturing Company, 70 bid, rs asked;
Savannah Brewing Company, 90 bid, %
asked
New York, July 7-Money on call was
steady at 1@11a per cent; the last loan was
at IA per cent Prime mercantile paper
31l04 per cent Sterling exchange firm,
with actual business in bankers bills a {
$4S5s4 G4.S6 for demand, and at SI.S424al4. IS
for sixty days. Posted rates $4.S5R and
$4S6kG4s7 Commercial bills, $4SS949
Asa. Silver certificates, 5S5sd5914c. Bar
silver. 5Sslc Mexican dollars 45Ac. Gov
eminent bonds firm.
New York. July 7-To-day's advance
in prices was probably intended as an
were not TO be allowed to have their own
way in forcing down prices even in the
existing dulness of speculation
To-days buying gave no indication that
il grew out Of an urgent desire for the
ownership Of securities. but seemed rath-
or an organized effort to mark up prices
There was some covering of short con-
ing to show that there had been any
large outstanding short interest in the
market
The pushing up Of prices is clearly de-
signed to invite outside interest in the
market but no such interest was mani
Tested to-day.
The pending adjournment of Congress !
In