The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-07-31
FINANCIAL.
Money-NIarket steadv.

$3.50; sixty days, $4.S4; ninety davs
SiS314; francs, Paris and Havre. sixty
days, SPIES; Swiss, sixty days, 5.2r5;
marks. sixty days 9412
Domestic Exchange-Stea(Iv banks are
buying al 1-16 per cent. discount and SELL
ing as follows: Amounts up to S25 10 cents.
SO to SD, 10 cents; $50 to 500, 20 cents; SO1
TO $3.50, p cents; $3.50 to $3.50, Ito per cent
/ premium, and $50 and over. IS cents per
$1,000.
! Securities-The market is fairly steady
| Demand good all around offerings limit
ed.
Stocks and Bonds-State Bonds-Geor-
/ gia 3l2 per cent. bonds OF 1880, 107 bid 1OS1b
asked; Georgia 312 per cent, due 1915. 1O6
( BID lVI asked; Georgia AZ per cent bonds
| 1915, 116l2 bid, III asked; Georgia 4 per
cent, due 1920. 40 bid Ill asked; south
/ Carolina 412s, 100 bid, 10 asked
City Bonds-Atlanta Z per cent. 1902 bid
/ - asked; Augusta 412s, 1925, 105 bid, 1O6
/ asked; Augusta z per cent, 10 bid, III
/ asked; Augusta per cent, III bid 113
/ asked; Columbus PEI cent. 1887 bid. 1917
4 asked Macon per cent 115 bid. 1l6 ask
! ed; Macon 4s2s, 1926, 103 bid 104 asked:
/ Savannah per cent, quarterly October
/ coupons, 11115 bid 1l2 asked: Savannah <
/ per cent. quarterly August coupons. 1111b
/ bid III asked; Charleston As, 951s bid, g6j6
/ asked.
Railroad Bonds-Savannah, Florida and
| Western Railroad general mortgage bonds,
/ 6 per cent. interest coupons, 11715 bid, 49,
asked; Savannah, Florida and Western
] first mortgage 5 per cent. gold bonds. due
! 1924, 1919 bid, 1906 asked; Central Railroad
and Banking Company collateral 5s q
/ bid, . asked Central of Georgia Rail-
road first mortgage IS, 50-year gold bonds
/ lie bid, III asked; Central of Georgia Rail
/ way frst consolidated mortgage IS, So bid
| 50 asked; Central Of Georgia Railway
/ first preferred incomes, 3915 bid 4O1b asked:
! Central of Georgia Railway second
preferred incomes, Is bid "A asked;
| Central of Georgia Railway third
/ preferred incomes, bid, asked;
Georgia Railroad 6s 1910, 113 bid, ia asked;
Charlotte, Columbia and Augusta first IS,
| 1OS bid, 1903 asked; Charlotte, Columbia and
! Augusta second mortgage Is, 100 bid 121
! asked; Georgia Southern and Florida new
! SIS 1887 bid, 1914 asked: South Georgia and
Florida first mortgage Is. 102 bid, 1882
asked; South Georgia and Florida second
mortgage Is, l02 bid, 1872 asked; Ocean
! Steamship per cent. bonds, 1926, 1887 bid
! 1041@ asked; City and Suburban Railroad
first mortgage 6 per cent bonds. 101 bid, 103
! asked; Alabama Midland per cent. in
dorsed, IS bid, So asked; Brunswick ard
! Western Is, Y bid, Is asked; Soutn
Bound Railway 5s, 6S bid, Y asked Geor-
| gia and Alabama first preferred 5s 1O3 hid
1O4 asked; Georgia and Alabama cons. 81
| 80 bid, 81 asked Eatonton branch SO bid
80 asked Central of Georgia Middle
Georgia and Alabama division IS, 81 bid.
81 asked.
Railroad Stocks-Augusta and Savan-
nah, 9615 bid, 97la asked. ex-div.;
| Southwestern, 9615 bid, 971b asked ex-
| div; Atlanta aud West Point
stock, 1O6 bid. 1o7 asked. ex-div.; Atlanta
and West Point per cent certificates. 10S
bid 104 asked, ex-interest. Georgia COM
mon, 100 bid, 1872 asked Savannah Con-
struction Company, Il bid 70 asked.
Gas Stocks-SaVannah Gas light stock,
9215 bid, 20 asked; Electric Light and
Power Company 20 bid, Il asked, ex-
div.
Bank Stocks, Etc.-CiHzens Bank, 10
bid 11O15 asked, ex-div.; Chatham Bank,
Germania Bank, 11O1a bid, 111h
asked, ex-div.; National Bank of
| Savannah lbs bid. 126 asked, ex-div.; Mer-
chants National Bank, SO bid, S415 asked,
| ex-div.; Oglethorpe Savings and Trust Co,
104 bid. 1O5 asked, ex-dv.; Southern Bank
of the State of Georgia, 129 bid. 100 asked,
ex-dlv Savannah Bank and Trust Com
| pany, 102 bid, 1903 asked, ex-div.; Chatham
Real Estate and Improvement Company,
A, 55 bid, 551s asked; b, 81 bid, 5494 asked.
div. Peoples Savings and Loan Com
| pany, SO bid 95 asked
Factory Bonds.-Augusta Factory, 1O1
bid. 1O2 asked Sibley Manufacturing Com
| pany, 6s 100 bid 102 asked.
Factory Stocks.-Augusta Factory, S.
bid, Is asked; Graniteville Factory, las
bid, Isl asked; Langley Factory, 100 bid,
| 1O1 asked; Enterprise Factory, common,
20 bid, "a asked; j. r.. King Manufacturing
Company, 100 bid, 1O1 asked; Sibley
| Manufacturing Company 70 bid, 76 asked;
Savannah Brewing Company, So bid. 100
asked
New York, July SO-Money on call was
at 1@115 per cent Prime mercantile paper,
| 31a@415 per cent. Sterling exchange, with
actual business in bankers bills, at $4S5G
4S5A for demand, and at $4.S3A d4831a for
| sixty days; posted rates, $4S4140I4.S5 and
81 S6d4S61b Commercial bills. 81 S215. Sill
yer certificates, 5S13G59c. Bar silver
IS 9-16c. Mexican dollars, 451ac State
bonds were dull; railroad bonds were
steady; government bonds We're strong.
New York July 30.-The weekly bank
statement shows the following changes:
Surplus reserve, decrease, JOY 525; loans,
| increased, 81, 800 500; specie decreased, ST.,
| 1856 400; legal tenders increase, $ll6700; de-
posts, increase, 1851, 800; circulation, de
crease, $42, 400. The banks now hold $H,-
! 904,4 AIS in excess of the requirements of the
% per cent. rule.
New York. July 90.-The recent tendency
of the market to dullness was rather ac-
centuated to-day by the fact that the
| London Stock Exchange was taking a hol-
| iday. Dealings in railroad stocks were at
a minimum and there was a notable dis
| inclination to sell.
Even the professional bears who have
really been the only prominent sellers in
the market for a period of nearly two
| months, hesitated to put out short lines
to-day in fear of some developments over
Sunday that would give the market its
long-expected impetus 10 activity. With
the expectation of news at any time that
Manila has been occupied by the United
States forces. with the expedition in Porto
| Rico making favorable progress and with
concrete proposals for the conclusion OF
peace under actual official discussion, the
bears do not care TO leave short contracts
open over Sunday I'm a market that has
shown such long, firm resistance to all eG-
forts to force a decline and dislodge offer
iugs Of stocks
There was. besides, a continuance of the
improvement in some Of the Industrial
stocks which nave recently been promi-
nent. There was no news or known fnan-
cial or industrial development to account
for The advance in prices OF these various
stocks. But the mere fact that well-known
leaders OF speculation showed a disposi-