The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-08-09
FINANCIAL.
Money-Market steady.


steady. The following are the net Savan-
nah quotations: Commercial demand
&S5; sixty days, $494; ninety DAYS
stS5A; francs, Paris and Havre, sixty
days, 5A9s; Swiss, sixty days. 5241a;
marks. sixty days, 9Hk
Domestic EXchange-Steady banks are
buying at 1-l6 per cent discount, and sell
ing as follows: Amounts up to $25, 10 cents;
$25 to $50, Is cents; $50 to 500, 20 cents; 800
to $3.50. 25 cents $3.50 to $780, ITO per cent.
premium, and $3.50 and over. 70 cents per
| $1,000.
! offerings scarce.
Stocks and Bonds-state Bonds-Geor-
gia Sla per cent. bonds of 1880, 107 bid. 1851
asked; Georgia 312 per cent, due 1916, 1906
bid, 107 asked; Georgia AZ per cent. bonds
1915 III bid, us asked; Georgia 4 per
cent. due 1920, 40 bid, Ill asked; South
! Carolina 41as, 100 bid Ito asked.
City Bonds-Atianta per cent, 102 bid
- asked; Augusta 4l5s, 1925, JOG bid 1911
asked; Augusta Z per cent, 10 bid, III
asked; Augusta 6 per cent, 112 bid, 113
asked; Columbus per cent. 1872 bid, 1O41h
asked; Macon per cent, lis bid, 116 ask
ed; Macon 4las, 1926, 1041s bid, 1852 asked
Savannah . per cent quarterly October
coupons, Ill bid, 112 asked; Savannah
per cent. quarterly November coupons,
110A bid 110% asked; Charleston As, 95l6
bid, 9612 asked.
n.
Western Railroad general mortgage bonds
6 per cent. interest coupons, us bid 1l9
asked; Savannah, Florida ana Western
first mortgage per cent. gold bonds. due
1924 1912 bid, 1906 asked; Central Railroad
and Banking Company collateral 5s. q
bid, % asked Central OF Georgia Rail-
road first mortgage 5s, 50-year gold bonds,
III bid 11S asked; Central of Georgia Rail-
way first consolidated mortgage 5s. 80 bid,
81 asked; Central of Georgia Railway.
first preferred incomes, 1912 bid, 4312 asked
Central of Georgia Railway second
preferred incomes 1874 bid, IA asked
Central of Georgia Railway third
preferred incomes 6 bid, asked;
Georgia Railroad 6s, 1910, 113 bid, ia asked;
Charlotte. Columbia and Augusta first 5s,
108 bid, 100 asked; Charlotte, Columbia and
Augusta second mortgage rs, 120 bid, I21
asked; Georgia Southern and Florida new
5s 1887 bid 104 asked South Georgia and
Florida first mortgage Is, 1922 bid, 1872
asked; South Georgia and Florida second
mortgage rs, 1922 bid, 1882 asked; Ocean
Steamship per cent. bonds, 1926, 102 bid
1O4 asked; City and Suburban Railroad
first mortgage 6 per cent. bonds, 1O1 bid l02
asked: Alabama Midland per cent. in
dorsed, IS bid, IS 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,
l04 asked; Georgia and Alabama cons. 5s.
81 asked. Central of Georgia Middl'
Georgia and Alabama division 5s 81 bid
81 asked
Railroad Stocks-Augusta and savan-
nah 81 bid 9S asked, ex-djv.;
Southwestern, 975 bid, 9S15 asked, ex-
div; Atlanta aud West Point
stock. 1O6 bid 1Q7 asked ex-div.; Atlanta
and West Point per cent. certificates, 1OS
bid. 1914 asked, eX-nterest' Georgia COM
mon. 1911 bid, 1872 asked; Savannah Con-
struction Company, Y bid, "A asked.
Gas Stocks-Savannah Gas light stock.
22H bid, % asked; Electric Light and
Power Company, Il bid, 7219 asked, ex-div.
bid. Ill asked, ex-div.; Chatham Bank,
A bid, As asked, eX-div;
Germania Bank, 1101a bid, 11118
asked. ex-div; National Bank of
savannah l25 bid. 1926 asked, eX-div; Mer-
chants National Bank, SO bid, S412 asked
ex-djv.; Oglethorpe savings ana trust Co,
1O4 BID 1O5 asked, ex-div.; Southern Bank
of the state of Georgia, 100 bid, l31 asked;
ex-div.: Savannah Bank and Trust Com
nanv 1902 bid 1903 asked, eX-div.; Chatham
Real Estate and Improvement Company
A $50 bid, Sc asked; b, 5412 bid, So asked;
ex-div.; Peoples Savings ana Loan COM
many. SO bid "a asked.
Factory Bonds.-Augusta Factory, 10l
bid. 1902 asked; Sibley Manufacturing Com
pany. 6s. 100 bid. 102 asked.
Factory Stocks,-Augusta Factory, So
bid. rs asked: Granileville Factory, l4o
lid 151 asked; Langley Factory, 100 bid,
101 asked, Enterprise Factory, common,
90 hid "a asked; j. r. King Manufacturing
Comnanv 100 bid l01 asked; Sibley
Manufacturing Company, 20 bid. rs asked
savannah Brewing company, 80 bid. lOo
asked.
New York, Aug. S.-Money on call was
steady at 101h per cent; the last loan
lsir ma me
nanar. SHGi4A per cent. Sterling exchange
steady. with actual business in bankers
bil,s at 81. S51564S 5$i for demand, and at
e. e2a,9,4 81 for sixty days. Posted rates
81 8ii5a4S5, and $4.S6a4S6la Commercial
hills S4.S2I4G4SS. Silver certificates, 5sl2@
59I5c Bar silver, 59c. Mexican oollars
l5i5c. Government bonds firm. state
bonds were dull Railroad bonds were
firm.
New, York. Aug. S.--The stock market to-
dan, underwent one Of the processes which |
is usual in a strong advance. Hats ana re
actions are normal processes even IN |
strong market and are to be looked tor
even in the continuance OF favorable con-
dttiope There was such a ha3t Tor time |
today and il looked as though the re-ac- |
tfonists had gained The upper hama. Front
tal,ine began from the start in some OF
M recaut favorites and held them back
even while the rest Of the market was rus
ING buovantly on the OUTSIDE orders WhlcH |
"a come into commission houses during !
Tho sunday interval. The volumes Of these
orders was large, and indicated a growth |
" cor6,Jence by The outside public in val +
Ne of securities. But the disposition to take
nrofts on the strength Of this outside de-
rnand caused a feeling OF doubt IN the
,l,t,il1s ~ room raiders and the rumor got
into circulation that the large moneyed |
interests which bought stocks last week
were selling out.
The professional bears thereupon rushed
70 sen aboutlthe time when accumulated
commission house orders had been eXecut- !
ed The bears were also inclined TO take
a scepucal view Of W eporled aece ar5
M had a detailed port in circulation
mai new questions were opened up by the
renlv which endangered the whole nego-