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

Money Market steady.
Foreign Exchange-The market Is
weak. The following are the net Savan-
nah quotations: Commercial, demand.
$4.S33s; sixty days $4.S19s; ninety days,
4.SO5s; francs, Paris and Havre, sixty
days, 5.42s; Swiss, sixty days, 5.267s
marks, sixty days, 81 lie
Domestic Exchange-Steady; banks are
buying at lie per cent. discount, and SELL
ing as follows: Amounts up to s25, 10 cents;
$25 to $50, 10 cents; $50 to 500, 20 cents; 500
to $3.50, % cents; $3.50 to $3.50, ITO per cent
premium, and $3.50 and over, IS cents per
$1,000.
Seourlties-Desirable securities are diff
ficult to obtain.
Stocks and Bonds-State Bonds-Geor-
gia 49, per cent. bonds of 1880, 107 bid 1881.
asked; Georgia S1A per cent. due 1915, 1N
bid, 1O6 asked; Georgia Az per cent. bonds
1915, III bid 11S asked; Georgia per
cent, due 1920, 113 bid ia asked; South
Carolina 41as, ITO bid, Ill asked.
City Bonds-Atlanta, AZ per cent. 1928, log
bid, - asked; Augusta AS, 1925, 107 bid, 10S
asked; Augusta Z per cent, ITO bid, Iii
asked Augusta per cent, Ill bid, 1l3
asked; Columbus 8 per cent, 105 bid, JOG
asked; Macon s per cent, lis bid, 116 ask
ed; Macon 4zs, 1926, 1O5 bid, 1O6 asked;
Savannah per cent, quarterly October
coupons, Ill bid, 112 asked; Savannah
per cent. quarterly November coupons.
1114 bid liz asked; Charleston As, 81
bid, 95 asked.
Railroad Bonds-Savannah, Florida and
Western Railroad general mortgage bonds,
6 per cent. interest coupons. 1lS bid, 119
asked; Savannah, Florida and Western
first mortgage per cent, gold bonds, due
1924, 105 bid 106 asked Central Railroad
and Banking Company collateral 5s, 81
bid 80 asked Central of Georgia Rail
road first mortgage 5s 50-year gold bonds,
l171b bic, 119 asked Central of Georgia Rail-
way first consolidated mortgage IS, 2915
bid, 9Olb asked; Central of Georgia Rail-
way first preferred incomes, Az bid 421b
asked; Central of Georgia Railway second
preferred incomes, 10 bid, IA asked:
Central of Georgia Railway third
Georgia Railroad IS. 1910, 113 bid, ia asked:
Charlotte, Columbia and Augusta first IS,
1O5 bid. 1O6 asked; Charlotte, Columbia and
Augusta second mortgage rs, 118 bid, 100
asked; Georgia Southern and Florida new
Is 1O51b bid 1861 asked; South Georgia and
Florida first mortgage Is, 1927 bid, 1924
asked: South Georgia and Florida second
mortgage Is, 1929 bid 1882 asked; Ocean
Steamship per cent, bonds, 1926, 105 bid,
1O6 asked; City and Suburban Railroad
first mortgage 6 per cent bonds, 100 bid,
1O2 asked: Alabama Midland 5 per cent in
dorsed, 93A bid, 81 asked; Brunswick and
Western As 70 bid, 20 asked South
Round Railway IS, Is bid, so asked; Geor-
ola and Alabama first preferred IS, 103 bid,
1oA asked: Georgia and Alabama cons S.
90 bid 81 asked; Eatonton branch, 80 bid
90 asked: Central of Georgia, Middle Geor-
Ella. and Atlantic division IS, 81 bid, 81
asked.
nah az bid. 80 asked Southwestern. SO
hid % asked; Atlanta and West Point
stocl 106 bid 107 asked Atlanta and West
Point 6 per cent certificates lO3 bid, 1Oi
IL
asked; Georgia common, l93 BID, l93 asked;
savannah Construction Company, 81 bid,
81 asked.
Gas stocks-savannah Gas Light stock,
29H bid % asked Electric Light and
Power Company, Y bid, 70 asked.
Bank Stocks, Etc.-Citizens Bank. 110A
hid III asked; Chatham Bank, As bid 80
asked: Germania Bank 1101a bid, 1111s
aslEed. National Bank of Savannah, 1875
hid 12e asked; Merchants National Bank
% hid S41b asked; Oglethorpe Savings
and Trust Company, 104 bid, 105 asked;
Southern Bank of the State of Georgia,
12O hid 1872 asked; Savannah Bank and
rrr,,st Company, 102 bid. 103 asked; Chat
Nm Real Estate and Improvement Com
many. A. 551b bid, So asked; B, 54& bid. 55h
selred. PEOPLES Savings and Loan Compa-
ny. 92 bid 90 asked.
FACTORY Bonds-Augustn Factory, 1O5
hid los asked; Sibley Manufacturing Com
Danv 6s 100 bid, l02 asked
FACTORY Stocks-Augusta Factory, 55 bid
* asked: Craniteville Factory, 40 bid. 145
asked; Langley Factory, 100 bid. 1O1 ask
ed. Enterprise Factory, common 80 bid,
"a asked; j. r. King Manufacturing Com
many 100 bid, 1O1 asked; Sibley Manufac-
turing Company, 70 bid, 76 asked; Savan-
nan Brewing Company 80 I'D. 101 asked.
New York. Sept THE bears got the.
INNER hand very decsively in the stock
market to-day and precipitated a more
active selling movement than has yet oc-
curred There was speculative liquidation
hiring the afternoon on a very large scale
and offerings of long stock in some proper
lies which had elements of weakness were
a material factor in the decline Sugar
orcunied the center of the stage all day.
~ was evident before the market opened
mar the bears had marked IL for their
avn and everything that could be done in
tbe vav OF discouraging reports of the
ooronanv's business and disastrous compa-
fion in prospect was done through the me-
diuro Of inspired publications The move
y1ent was opportune, as the recent bull
r,ovement in the stock was accompanied
~ riinors OF an increased dividend and
nc declaration to-day Of only the usual
d.,idend brought heavy selling from dis
anDointed holders. Torrents of stock We're
d;s1odped on the decline and all the usual
devices were employed to give an appear
ance Of inside selling. The final rally in
the stock was only feeble. the last price
hefnq Ga below last nights c,ose. The
Standardization in Sugar affected the whole
list especially the Industrials. The rail-
road list held out longer against the
downward course, especially the Grang-