The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-08-24
FINANCIAL.
Money-Markel steady.

Foreign Exchange-The market Is
steady. The following are the net Savan-
nah quotations: Commercial, demand,
S4.S45s; sixty days &S3; ninety days,
days, 5.221a Swiss, sixty days. 5.22S;
marks, sixty days 94A
Domestic EXchange-Steady; banks are
buying at lie per cent. discount and SELL
ing as follows; Amounts up to $25 10 cents;
$25 to $50, Is cents; $50 to 500, 20 cents; $1OO
to $3.50, % cents; $3.50 to $3.50, ITO per cent.
premium, and $3.50 and over, Is cents per
81. 900.
Securltes-The market is fairly active;
but offerings are light. Georgia state and
Savannah City Bonds are hardly Oh
tainabe.
stocks and Bonds-state Bonds-Geor-
gia 31a per cent. bonds of $780, 107 bid 1881
asked; Georgia 31a per cent, due 1915, 1Ol
bid, LOG asked; Georgia AZ per cent. bonds,
1915, III bid 11S asked; Georgia 4 per
cent, due 1920, 113 bid, ia asked; South
Carolina 415s, 10 bid, Ill asked.
City Bonds-Atlanta, AZ per cent. 1928, LOG
bid, - asked; Augusta 41as, 1925, 107 bid, 10S
asked; Augusta Z per cent, ITO bid, Ill
asked Augusta 6 per cent, III bid, 113
asked; Columbus per cent. 105 bid, JOG
asked Macon per cent, us bid, 116 ask
ed; Macon 415s 1926, 1912 bid, 1851 asked;
Savannah per cent, quarterly October
coupons, Ill bid, 112 asked; Savannah
per cent. quarterly November coupons,
11Os4 bid Ill asked; Charleston As, "a
bid, 95 asked.
Railroad Bonds-Savannah, Florida and
Western Railroad general mortgage bonds,
6 per cent interest coupons, 11S bid 119
asked; Savannah, Florida and Western
first mortgage 5 per cent, gold bonds, due
1924 1O415 bid. 106 asked; Central Railroad
and Banking Company collateral IS, 81
bid, go 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 IS, 80 bid,
81 asked Central of Georgia Railway,
first preferred incomes, AZ bid. AZ asked;
Central of Georgia Railway, second pre-
ferred incomes, 1874 bid, 1414 asked;
\ Central of Georgia Railway third
preferred incomes, bid, 61a asked;
Georgia Railroad IS, 1910, 11S bid, ia asked;
Charlotte, Columbia and Augusta first 5s,
1O5 bid, 1906 asked; Charlotte, Columbia and
Augusta second mortgage rs, 118 bid, 100
asked; Georgia Southern and Florida new
IS 1861 bid. 1861 asked; South Georgia and
Florida first mortgage U.s. 1922 bid, 1881
asked: South Georgia and Florida second
mortgage rs, 1021a bid, 1887 asked; Ocean
Steamship per cent, bonds, 1926, 10S bid,
1O5 asked; City and Suburban Railroad
first mortgage per cent. bonds - bid,
1902 asked; Alabama Midland 5 per cent in
dorsed. 90 bid, 81 asked; Brunswick and
Western As p bid, rs asked South
Bound Railway IS, IS bid, rs asked; Geor-
ola and Alabama first preferred IS, 103 bid,
1o4 asked: Georgia and Alabama cons. IS,
90 bid 81 asked; Eatonton branch, 30 bid,
% asked; Central of Georgia, Middle Geor-
gia and Atlantic division 5s, S115 bid, SO
asked.
nah. 971b bid, 9S1a asked; Southwestern, SO
bid. 80 asked; Atlanta and West Point
stock. 106 bid, 107 asked; Atlanta and West
faa
asked: Georgia common, 1872 bid, 1913 asked;
Savannah Construction Company, 80 bid,
cas- stocks-savannah Gas Light stock,
22lL bid % asked; Electric Light and
Power Company, II bid, 72h asked.
Rank Stocks, Etc.-Citizens Bank, 110A
bid. III asked; Chatham Bank. A bid, 4S
asked. Germania Bank, 1f019 bid, 111h
asked: National Bank of Savannah, 125
hid 12e asked: Merchants National Bank,
"a bid S415 asked; Oglethorpe Savings
and Trust Company 1N bid, 105 asked;
Southern Bank of the State of Georgia,
1870 bid. 1871 asked; Savannah Bank and
Trust Company, 102 bid 1903 asked; Chat
ham Real Estate and Improvement Com
many. A, 5515 bid Sc asked; 3, 541a bid, So
asked; Peoples Savings and Loan Compa-
ny, 9S bid, 81 asked.
Factory Bonds-Augusta Factory, 105
bid 1O6 asked; Sibley Manufacturing Com
pany, 6s 100 bid 1902 asked.
Factory Stocks-Augusta Factory, So bid,
e5 asked; Graniteville Factory, 40 bid, Jas
asked; Langley Factory, 100 bid, 101 ask
ed: Enterprise Factory, common. 80 bid,
"a asked; ]. r. King Manufacturing Com
panv. 100 bid, 10l asked Sibley Manufac
turing Company 70 bid, rs asked; Savan-
nah Brewing Company, % bid. 100 asked.
New York, Aug. 2S.-Money on call was
seady at 1ikd2 per cent, the last loan
was at IA per cent. Prime mercantile pa
per. 95Gp4 per cent. Sterling exchange
firmer with actual business IN bankers bills
al 81. s5i4 "a .S5k for demand and at 81 s5%W
4. "a for sixty days The posted rates were
81 Sl6f4. gps and $i.SS04 s31s. Commercial
bills, S. s2l5m4.s3. Silver certificates. 59hu
s9a,c; bar silver. 6Oisc; Mexican dollars,
4Gi5c. Government bonds were irregular;
state bonds were steady; railroad bonds
were irregular
New York. Aug 2s-There Is nothing IN
the situation IN either the political or bus
mess world 10 account for the reaction IN
stocks to-dny. The market was simply
overbought and subjected % process o.
a. 4 g.. =. 50.