The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-17
FINANCIAL.
Money-Market steady.


$l.4212. Turpentine steady at 2714Q2724c
FINANCIAL.
Money-Market steady.
Foreign Exchange - The market is
steady The following are the net Savan-
nah quotations: Commercial, demand.
Sassy sixty days, S4.S35a ninety DAYS,
4.S21a; francs, Paris and Havre, sixty
days. 5.227s; Swiss. sixty days, 5.25lS;
marks, sixty days, 94ss.
Domestic EXchange-Steady; banks are
buying at 1-16 per cent. discount and SELL
ing as follows: Up to $25, 10c premium; S25
to $50, 15c premium; $50 to 500, zoe prem
ium; $500 to $1,000, csc premium; 81, 900 and
over, lis per cent. premium.
Securities Market has quieted down
and is inclined TO be dull.
Stocks and Bonds-State Bonds-Geor-
gia 315 per cent. bonds of 1880. 107 bid. 1854
asked Georgia 312 per cent, due 1915. 1O5
bid. 107 asked; Georgia AZ per cent bonds.
1915, III bid, lis asked; Georgia per
cent, due 1926, liz bid, 115 asked; South
Carolina 41as, 10 bid, 112 asked.
City Bonds-Atlanta per cent, 102 bid.
asked; Augusta 41as 1926 los bid, l06
asked Augusta pei cent, ITO bid. Ill
asked Augusta G per cent, liz bid 11S
asked; Columbus per cent, 1031s bid 1917
asked; Macon per cent, 116 bid, III ask
ed; Macon AVS, 1925. l05 bid. 1O5 asked; Sa-
vannah per cent, quarterly July cou-
pons 11OA bid, Ill asked; Savannah 5
per cent, quarterly August coupons, 1O9A
bid, 110A asked; Charleston As, % bid, SO
asked.
Railroad Bonds-Savannah, Florida and
Western Railroad general mortgage bonds.
per cent. interest coupons, 116 bid, l1S
asked; Savannah, Florida and Western
first mortgage per cent gold bonds. due
1924, 105 bid, 106 asked; Central Railroad
and Banking Company collateral IS, 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 5s, SO bid.
80 asked; Central of Georgia Railway first
preferred incomes, 3915 bid 4034 asked: Cen
trail of Georgia Railway second preferred
incomes, ID bid, 143 asked Cen
trail of Georgia Railway third
preferred incomes, 6 bid, 7 asked /.
Georgia Railroad Is, 1910, 112 bid, ia asked !:
Charlotte, Columbia and Augusta first IS,
1O7 bid, 10S asked; Charlotte, Columbia and
Augusta second mortgage Is, lis bid, 116
asked; Georgia Southern and Florida new
IS, 1853 bid, 1861 asked; South Georgia and
Florida first mortgage Is 101 bid. 1902
asked; South Georgia and Florida second
mortgage rs, 101 bid, 102 asked; Ocean
Steamship per cent. bonds 1896 1O4 hid
105 asked; City and Suburban Railroad
first mortgage 6 per cent. bonds, 80 bid, 101
dSKSQt Alabama MlC'an0 D per cent in
dorsed, IS Did, SO asked; Brunswick and
Western As, Y bid. rs asked; South
Bound Railway 5s, 6S bid. p asked: Geor-
gia and Alabama first pref. 5s, 1011b bid
1021S asked; Georgia and Alabama cons. IS
IS bid SO asked; Eatonton Branch, 80 bid.
So asked; Central of Georgia, Middle
Georgia and Atlantic division IS, 70 bid, 81
asked.
Railroad Stocks-Augusta and Sayar.
nah, 50 bid, 96 asked; Southwestern 90
bid, 96 asked; Atlanta and West Point
stock 105 bid, 1o6 asked; Atlanta end
West Point 6 per cent. certificates, 1OOlh bid
10119 asked; ex-interest; Georgia common,
176 bid, 1872 asked; Savannah Construction
Company Sc bid, 70 asked.
Gas Stocks-Savannah Gas Light stock.
% bid, 231s asked; Electric Light and
Power Company, Y bid. 70 asked, ex-inter-
est.
Bank Stocks. Etc.-Citizens Bank 10
bid, Ill asked; Chatham Bank ~ bid, 471a
asked Germania Bank 110% bid l12 ask
ed; National Bank of Savannah, 1876 bid,
127 asked; Merchants National Bank, 81
bid, IS asked; Oglethorpe Savings and
Trust Co.. 1O5 bid, 1o6 asked; Southern
Bank of the State of Georgia 1870 bid lbs
asked; Savannah Bank and Trust Compa-
ny, 1913 bid, 1882 asked; Chat
ham Real Estate and Improvement Com
pany, A, 55% bid, Sc asked; B, 542l bid,55A
asked, 1GODiS OdNlAlS anu IOdu COulpd-
ny, 50 bid, SO asked.
Factory Bonds = Augusta Factory, 1C1
bid, 102 asked; Eagle and Phenix Manu-
featuring Company per cent. bonds, IS
bid, 40 asked; Sibley Manufacturing Com
pany. IS, 100 bid, 1902 asked.
Factory Stocks Augusta Factory, 6S
bid, 70 asked: Granitevine Factory, AS
bid, ISL asked Langley Factory, 100 bid
1O1 asked; Enterprise Factory. common
80 bid, "a asked; ]. r. King Manufactur-
ing COMPANY, 100 bid, 101 asked; Sibley
Manufacturing Company, 70 bid, rs asked
Savannah Brewing Company, 80 bid, IS
asked.
New York June 16-Money on call,
was steady at 1G11a per cent; the last
loan was at IA. Prime mercantile paper,
3674 per cent: sterling exchange hrmer,
with actual business in bankers bills at
81. S51ld4. $50 for demand and at AS324G4S4
for GO DAYS: posted rates, "a. 8504S51a and
81 Se1h6D4.S7; commercial bills. $4S224 Sill
yer certificates, 1900 ounces at 5Sc, range
5S05S%c. Bar silver, 5Slsc; Merican dollars,
45ic. Government bonds were irregular;
state bonds were dull; railroad bonds were
strong.
New York, June 16.-There was a small
bear panic to-day which caused an up
ward rush of prices in the first hour such
as has not been seen on the stock exchange
for DAYS. Blocks of 1000 shares and up-
ward Of leading stocks were snapped up
with avidity The prominent specialtes and
the Changers had the most conspicuous adj
vances. but the strength was quite well
distributed in the list and gains in the
railroads were nearly uniform. After the
opening rush the market fell into dullness
and drifted rather aimlessly below the
high point, but without falling 10 the OPEN
ing level. The absence of any large gem
oPaI demand after the rush 70 cover shorts
considered in connection with yesterdays
downward movement indicates that the
market is near the point OF stability.
Yesterdays decline failed to disodge any