The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-12
FINANCIAL.
Money-Market ste;


Foreign Exchange - The market is
steady. The following are the net Savan-
nah quotations. Commercial. demand
$4S6A sixty days $4.S31a ninety DAYS.
$4.S2l2; francs, Paris and Havre. sixty
days, 522B; Swiss, sixty days, 5.2515:
marks, sixty days, 94$s.
Domestic Exchange-Steady; banks are
buying at lie 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, 1-16 per cent premium.
Securities-Market has quoted down
somewhat, but demand is fairly good
Stocks and Bonds-State Bonds-Geor-
gia 312 per cent. bonds of 1880, 107 bid. 1OSIh
asked; Georgia 313 per cent, due 1915. 105
bid 107 asked; Georgia AZ per cent bonds
1915, III bid. lis asked; Georgia per
cent, due 1926, 112 bid, 115 asked: South
Carolina AS 10 bid, 112 asked.
City Bonds-Atlanta per cent, 1902 bid
- asked; Augusta 413s, 1925. los bid, lO6
asked; Augusta per cent, 10 bid, Iii
asked; Augusta per cent, 112 bid, 113
asked; Columbus per cent 1881 bid, 1O41h
asked; Macon per cent, 116 bid III ask
ed Macon 412s, 1926, los bid, 1O5 asked; sa-
vannah 5 per cent, quarterly July cou-
pons, 11OA bid, Ill asked; Savannah 5
per cent, quarterly August coupons, 1899
bid, 110A asked; Charleston As, IS bid, Sc
asked.
Railroad Bonds-Savannah Florida and
Western Railroad general mortgage bonds.
per cent. interest coupons, 116 bid. 1lS
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, SO asked; Central of Georgia Rail-
road first mortgage IS. 5O-year gold bonds.
116 bid, III asked Central of Georgia Rail-
way first consolidated mortgage IS, 81 bid,
IS asked; Central of Georgia Railway first
preferred incomes, Al bid 42lk asked; Gem
trail Of Georgia Railway second preferred
incomes 131s bid, 141a asked; Cen
trail of Georgia Railway third
preferred incomes, 6 bid, Z asked :
Georgia Railroad 6s, 1910, 112 bid, ia asked
Charlotte, Columbia and Augusta first bs
107 bid, 10S asked; Charlotte, Columbia and
Augusta second mortgage rs, 115 bid. lie
asked; Georgia Southern and Florida new
S. 1881 bid, 1861 asked; South Georgia and
Florida first mortgage Is, 1929 bid 1884,
asked; South Georgia and Florida second
mortgage Is, 1927 bid, 103 asked; Ocean
Steamship per cent. bonds, 1926 104 bid
105 asked; City and Suburban Railroad
first mortgage 6 per cent. bonds 80 bid. 1O1
asked; Alabama Midland per cent, in
dorsed, "a bid. IS asked; Brunswick and
Western As, Y bid, 70 asked; South
Bound Railway 5s, 60 bid u asked: Geor-
gia and Alabama first pref IS, 10l1b bid
1O21A asked; Georgia and Alabama cons IS.
So bid, SO asked; Eatonton Branch, 80 bid
S7l asked; Central of Georgia, Middle
Georgia and Atlantic division 5s 70 bid. 81
asked.
Railroad Stocks-Augusta and Savar
nah, 9414 bid, 9515 asked; Southwestern. 50
bid 96 asked; Atlanta and West Point
stock, 105 bid, 1O6 asked; Atlanta end
West Point 6 per cent. certificates, 101 bid
1902 asked; ex-interest; Georgia common
176 bid, 1872 asked Savannah Construct ton
Company &c bid, 70 asked
Gas Stocks-Savannah Gas Light stock,
% bid, 231A asked; Electric Light and
Power Company, z bid. 70 asked, ex-inter-
est.
Bank Stocks, Etc.-Citizens Bank, 10
bid Ill asked; Chatham Bank AZ bid, 471k
asked; Germania Bank, 1104 bid, 112 ask
127 asked; Merchants National Bank, 81
bid IS asked Oglethorpe Savings and
Trust Co., 1O5 bid. 106 asked; Southern
Bank of the State of Georgia. 1870 bid, 135
asked Savannah Bank and Trust Compa-
n.y. 103 bid 1912 asked; Chat
ham Real Estate and Improvement Com
pany, A, 65A bid, Sc asked; B, 5414 bid, 55A
asked; Peoples Saving and Loan Compa-
ny, 95 bid, 96 asked.
Factory Bonds - Augusta Factory 1Cl
bid. 102 asked; Eagle and Phenix Manu-
featuring Company per cent. bonds IS
pany 6s 100 bid 102 asked.
Factory Stocks Augusta Factory, 6S
bid, Is asked: Graniteville Factory, las
bid, 151 asked; Langley Factory, 100 bid,
101 asked; Enterprise Factory common,
80 bid, 81 asked j. r. King Manufactur-
ing Company 100 bid, 101 asked; Sibley
Manufacturing Company. 70 bid 76 asked;
Savannah Brewing Company, 80 bid, IS
asked.
New York, June 11.-Money on call was
steady, 1HG11a per cent. Prime mercantile
paper, 3d4 per cent. Sterling exchange
steady with actual business in bankers
bills at $4S524 "A. Sc for demand and 81 .841s
a S4st for sixty days. Posted rates 81 851h
64.S7 Commercial bills "a. S34. Silver GER
tifcates 5734d5sAc. Bar silver, 577sc. Mex
lean dollars, 451ac State bonds were dull.
Railroad bonds were steady. Government
bonds were strong,
New York. July 1.-THE weekly bank
statement shows the following changes:
Surplus reserve, Increase, 81, 591, 400; loans
increase, IS, IA 200 specie. increase, 50, ESQ.,
200; legal tenders increase, 81, 500, 600; depos-
it's, increase, $14791, 200; circulation de-
crease, 81, 400. The banks now hold $751;
81, 100 in excess Of the requirements of the
25 per cent. rule.
New York, June 11.-Yesterday's sharp
rise in prices brought in a heavy volume
of buying orders to the commission houses
this morning especially in the Changers
and Brooklyn Rapid Transit. The rush
to buy was met by offers to realize by the
professional opera tors, who bought at yes
terday's lower level There was not the
same urgent demand from the short inter-
est as was the case yesterday, and a num-
Der Of considerations unfavorabie to a rise
In prices were given more attention than
on yesterday, so that the opening gains
in almost all cases, were lost and prices
crumbed in the second hour Of the short
session to below last nights level The alb
sence of support encouraged the bears to
put out fresh short lines near
the close, causing some sharp
dips with only feeble rallies,
notably in Sugar and the Changers. Louis
vile and Southern preferred were conspic-
uous sufferers on the yellow fever scare.
and were an unsettliug influence in the
opening. The very strong bank tatement
failed 10 rally the market. The absorp-
ton of bonds has been large during the
week, and prices yielded less than for