The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-07-10
FINANCIAL.
Money-NIarkel steady.

Money-Market steady.
Foreign Exchange-The market is
steady. The following are the net Savan-
nah quotations.: Commercial demand,
$780, sixty days. $4Sl; ninety days,
S4.S314; francs, Paris and Havre, sixty
days, 5.213s; Swiss. sixty days, 5.24l2;
marks. sixty days, 94l2
Domestic EXchange-Stead banks are
buying ct f-16 per cent. discount and sell
ing as follows: Up to $685. 1Oc premium;
$25 TO $50, 15c premium; $50 to 800, zoe
premium; $500 to $1,000. 65c premium; 81 900
and over, 1-16 per cent premium.
Securities-The market as steady, but not
much doing.
gia 312 per cent bonds of 1890 1O7 bid, 1887
| asked; Georgia 31a per cent, due 1915, 1O5
bid, 107 asked; Georgia AZ per cent. bonds,
1915, Us bid, III asked; Georgia 4 per
cent, due 1920, 10 bid, Ill asked South
Carolina 41as, 100 bid, 112 asked.
City Bonds-Atlanta per cent, 102 bid,
- asked; Augusta 415s, 1925, 105 bid 1O6
asked; Augusta z per cent, 10 bid, Ill
asked; Augusta 6 per cent, 112 bid, 113
asked; Columbus per cent. 1882 bid 104I5
asked; Macon per cent, lis bid, 116 ask
ed; Macon 415s 1926 1903 bid 1914 asked;
Savannah per cent, quarterly October
coupons ll015 bid Ill asked; Savannah
per cent quarterly August coupons, 11O$4
bid, 1ll12 asked; Charleston As, 951a bid 961a
asked
Railroad Bonds-Savannah, Florida and
| Western Railroad general mortgage bonds,
6 per cent. interest coupons, 116 bid, III
asked; Savannah, Florida and Western
| first mortgage per cent gold bonds, due
! 1924, 1912 bid, 1852 asked; Central Railroad
! and Banking Company collateral 5s 81
bid, SO asked; Central of Georgia Rail-
road first mortgage 5s, 50-year gold bonds
| 1859 bid, III asked Central OF Georgia Rail-
way first consolidated mortgage 5s. So bid
| SO asked; Central of Georgia Railway
first preferred incomes, 3S bid, SO asked;
! Central of Georgia Railway second
| preferred incomes, Is bid, 49, asked:
| Central of Georgia Railway third
! preferred incomes, bid 61A asked;
| Georgia Railroad 6s, 1910, 112 bid ia asked;
Charlotte Columbia and Augusta first 5s,
| 1O7 bid, 1G8 asked Charlotte, Columbia ana
| Augusta second mortgage rs, lis bid 116
| asked; Georgia Southern and Florida new
IS. 1913 bid 104 asked; South Georgia and
| Florida first mortgage rs, 102 bid 1881
asked; South Georgia and Florida second
mortgage rs, 102 bid, 1872 asked; Ocean
| Steamship per cent. bonds, 1926, 103 bid
| 104 asked; City and Suburban Railroad
| first mortgage per cent. bonds, 101 bid, 103
| asked: Alabama Midland per cent in
dorsed 50 bid IS asked Brunswick ard
| Western As, Y bid rs asked South
| Bound Railway 5s 68 bid Y asked; Geor-
! gia and Alabama first preferred 5s, 1O3 hid
| 104 asked; Georgia and Alabama cons 5s
! 80 bid, 81 asked; Eatonton branch 50 bid
| So asked; Central of Georgia Middle
! Georgia and Atlantic division 5s, " bid
80 asked.
Railroad Stocks-Augusta and Savan-
nah 81 bid 80 asked. ex-div..
! Southwestern, "a bid, 50 asked, ex-
div; Atlanta and West Point
stock, 103 bid 1O4 asked; ex-div Atlanta
and West Point per cent. certificates, 1O1h
bid, 103 asked, ex-interest; Georgia COM
mon, 1870 bid 1872 asked; Savannah Con-
struction Company, 50 bid. 70 asked
| Gas Stocks-Savannah Gas Light stock.
1874 bid, "a asked Electric Light and
Power Company, 70 bid 7115 asked, ex-
| div.
Bank Stocks, Etc.-Citizens Bank 1921
bid, 1101a asked, eX-div.; Chatham Bank,
| 4512 bid 46 asked, eX-diV.; Germana Bank
| 1902 bid, 112 asked, eX-div.; National Bank
of Savannah,124 bid,125 asked lex div. ;Mar-
| chants National Bank, SO bid, 8415 asked,
ex-diV.; Oglethorpe Savings and Trust Co.,
| 1903 bid 104 asked, eX-div.; Southern Bank
! of the State of Georgia, 12S12 bid 1870 asked.
| ex-div.; Savannah Bank and Trust Com
pany, 1912 bid, 1922 asked, ex-dlV ;Chatham
Real Estate and Improvement Company,
| A, So bid, 5512 asked; b, "a bid, 5434 asked,
ex-div.; Peoples Savings and Loan Com
pany, "a bid, So asked.
| Factory BOnds.-Augusta Factory, 1O1
bid, 1872 asked; Sibey Manufacturing Com
pany, 6s. 100 bid, 1O2 asked
| Factory Stocks.-Augusta Factory, 6S
bid 70 asked; Granitevile Factory, 145
| bid 151 asked; Langley Factory, 100 bid.
! lO1 asked Enterprise Factory, common.
30 bid, "a asked; J. r. King Manufacturing
| Company, 100 bid, 1O1 asked; Sibley
| Manufacturing Company 20 bid 76 asked;
Savannah Brewing Company, SO bid, 81
asked.
New York, July 9-Money on call was
nominally at IL per cent. Prime mercan-
| tile paper, Si4@4 per cent Sterling ex-
! change steady with actual business in
bankers bills at $4.S504.S6 for demand.
and at S4.S412m4S434 for 60 days; posted
! rates, $4S5@4S5lA and $S61a04.S7; COM
mercial bills, &S334. Silver certificates
5S34 a59l5c Bar silver, 5S2ic; Mexican dol
| lars, 45Ac. State bonds dull; Railroad
! bonds, firm Government bonds strong.
New York, July 9.-The weekly bank
! statement shows dhc following changes:
! Surplus reserve, decrease, So SOS, $50; loans.
! increase. Sl2 691 SEQ: specie. decrease, $5-
81 500; legal tender, decrease 81. 09S, 400; de-
posts, increase, 81, 99S 400; circulation, de-
! crease, $39, 400. The banks now hold $53,-
! $4,000 in excess of che requirements Of
! the % per cent. rule.
New York, July 9-The builish sent
ment on tho stock exchange was unmis.
| taxable today and carried prices aggres-
sively upward during the two hours of the
session, routing the bears and defeating
their rather feeble efforts to work a re-
action.
Some professional traders were scepti-
! cal about the character Of the buying Of
the last two days. regarding ii as a ma
! neuver to attract outside buyers to realize
! on, and they attempted 10 check the ad-
vancing tendency by renewing yesterdays
attack on the Coalers. This group of
stocks proved easy victims on account of
the demoralizeG condition OF the Anthra.
! cite industry. owing to the increasing