The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-19
FINANCIAL.


steady The following are the net Savan-
nah quotations; Commercial, demand.
A.S6A sixty days, &.S315 ninety days,
| S4.S212; francs, Paris and Havre, sixty
days, 0.227s; Swiss, sixty days, 52515;
marks, sixty days, 943s.
Domestic EXchange-Steady banks are
! buying at lie per cent. discount and sell
ing as follows Up to SIS, Zoe premium; $25
to $50, 15c premium; $50 to 500, zoe prem
| ium; $500 TO 81 900, Csc premium; 81 900 and
over 1-16 per cent. premium.
Securities-Market is inclined to be dull.
| Stocks and Bonds-State Bonds-Geor-
| sia 3l2 per cent. bonds of $780, 107 bid 1OSlb
asked; Georgia 49, per cent, due 1915, 1O5
bid, 107 asked; Georgia Az per cent bonds,
| 1915, 1T bid, 1l8 asked; Georgia per
cent due 1926 112 bid, 115 asked; South
Carolina 41as, 10 bid, 112 asked.
City Bonds-At!anta Z per cent, 102 bid
- asked; Augusta 41as 1925 Jos bid lO6
asked; Augusta Z pei cent. 10 bid, Ill
asked; Augusta per cent, 112 bid, 113
asked; Columbus per cent, 1887 bid, 1919
| asked; Macon per cent, 116 bid, III ask
ed; Macon AVS, 1926, l05 bid 1O5 asked; Sa-
| vannah per cent, quarterly July cou-
| pons, 110A bid, Ill asked; Savannah 5
per cent, quarterly August coupons, 1O9%
bid, 110A asked; Charleston As, % bid, SO
| asked.
Railroad Bonds-Savannah, Florida and
| Western Railroad general mortgage bonds,
! per cent. interest coupons, lie bid, 11S
| asked; Savannah, Florida and Western
! first mortgage 5 per cent. gold bonds, due
! 1924, 105 bid, 106 asked; Central Railroad
| and Banking Company collateral 5sN 81
! bid SO asked Central of Georgia Rail-
road first mortgage IS. 50-year gold bonds,
! 116 bid, III asked Central of Georgia Rail-
| way first consolidated mortgage IS, SO bid
| 80 asked; Central of Georgia Railway first
preferred incomes, 40 bid, 4115 asked Cen
incomes, 1872 bid. 143A asked; Cen
tral Of Georgia Railway third
Georgia Railroad IS, 1910, 112 bid, ia asked !;
| Charlotte, Columbia and Augusta first S.
| 1O7 bid 108 asked; Charlotte, Columbia and
| Augusta second mortgage Is, lis bid, 116
asked; Georgia Southern and Florida new
5s, 1O5 bid, LOG asked; South Georgia and
Florida first mortgage Is 101 bid 1O2
asked South Georgia and Florida second
| mortgage Is, 101 bid, 102 asked Ocean
| Steamship per cent. bonds, 1926 104 bid
| 1O5 asked; City and Suburban Railroad
/ first mortgage 6 per cent bonds, 80 bid 1O1
| asked; Alabama Midland per cent in
| dorsed So bid, So asked; Brunswick and
Western As, 2 bid, 10 asked; South
! Bound Railway IS, 6S bid, Y asked: Geor-
gia and Alabama first preferred IS, 103 bid
| 104 asked; Georgia and Alabama cons. IS,
| IS bid, SO asked; Eatontou Branch 81 bid
IS asked; Central of Georgia, Middle
! Georgia and Atlantic division 5s, 70 bid. 81
| asked.
Railroad Stocks-Augusta and Savar-
nah, 951s bid 96 asked Southwestern, SO
bid "a asked; ex-div. Atlanta and West
! Point stock, 105 bid, 106 asked; Atlanta and
| West Point per cent. certificates, 1902 bid,
1912 asked; ex-interest; Georgia common,
176 bid, 1872 asked; Savannah Construction
| Company, 66 bid, 70 asked.
! Gas Stocks-Savannah Gas Light stock
% bid, 231a asked; Electric Light and
Power Company, Y bid, 70 asked, ex-inter-
est.
Bank stocks, Etc-Citizens Bank, 1O9
bid 1922 asked, ex-div; Chatham Bank, AZ
bid Az asked; Germania Bank,
| of Savannah, 126 bid, 127 asked;
Merchants National Bank, 81 bid.
IS asked; Oglethorpe Savings and
Trust Co. 1O5 bid. los asked; Southern
Bank of the State of Georgia. 1870 bid 1875
asked; Savannah Bank and Trust Compa.
nv. 1O3 bid 1887 asked; Chat
ham Real Estate and Improvement Com
pany, A, 55s4 bid, Sc asked; b, 54a4 bid,55A
| asked; Peoples Saving and Loan Compa-
ny, 95 bid, 96 asked.
| Factory Bonds - Augusta Factory, 1ol
bid, 102 asked Eagle and Phenix Manu-
| featuring Company 5 per cent bonds, IS
| bid. 40 asked; Slbley Manufacturing Com
pany, 6s 100 bid, 102 asked.
| Factory Stocks - Augusta Factory, 6S
bid, 70 asked; Granitevlle Factory, AS
bid. 151 asked; Langley Factory, 100 bid,
| 1O1 asked; Enterprise Factory, common,
30 bid, "a asked; J. r. King Manufactur
| ing Company, 100 bid, 10l asked; Sibley
Manufacturing Company 70 bid, rs asked:
| Savannah Brewing, Company, 80 bid, IS
asked.
New York. June 1S-Money on call was
| at ~ per cent. Prime mercantile paper
! 3G4 per cent; sterling exchange, steady.
with actual business in bankers bills at
| "a S5t56I4 s524 for demand and at $4.S4u4S414
| for 90 days Posted rates, &S504.S5l2, and
| "a Se15G4S7: Commercial bills, 81. S212d4.S3.
| Silver certificates, 57a4M5Sl9c. Bar silver
| 577sc. Mexican dollars, 45Ac; state bonds
were dull: railroad bonds, easier; gover1-
ment bonds. weak
New York. June 1S-The weekly bank
statement shows the following changes:
Surplus reserve, Increased s., 431 700; loans,
decreased, $426,O00; specie increase, S3,723,-
200: legal tenders, increase S3,3S9,SO; DC
| posits. Increase. S6,675. 500; circulation, de-
crease, 1872 800. The banks now hold SOB
| 272 500 in excess OF the requirements u Ils
| 25 per cent, rule.
New York. June 1S-The outside inter
cst in stocks continued at a minimum to-
dav and by buying for London account,
which had been feature for several days
mast dropped off. The reactionists per
coIved that the only obstacle in their path
was tbe group of speciaties, the strength
In which existed a sustaining influence
Yesterday. In order to break up this
point of strength, the bears made vigor-
Gus attack on Peoples Gas and Sugar The
former was sold'down an extreme "a and
the latter ia Numerous reports were
put in circulation 60 account for the de-
cilre. The market settled down into
condition OF dullness after this discourage
merit aud drifted sluggishly until the
close, which was steady, somewhat above
the lowest net declines were mostly frac-
tional.
The bank statement disclosed how far
conditions have been changed by the col
LAPSE in the wheat market, the pending
Government bond issue ana the consequent
falling off in speculation. Compared with
loan expansion last week Of over 50, OJO, =
600 and he week rrfore Of well up towards
$l2. 100000 This weeks statement shows an
actual contraction. though q small one,
sizG 600. Al the increase III deposits was
a. In, oF