The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-07-20
FINANCIAL.
Money-Market steadv.


steady The following are the net Savan-
nah quotations: Commercial demand.
$4S5; sixty days, $4S4; ninety DAYS
SLS3A; francs, Paris and Havre, sixty
days, 5.219si Swiss, sixty days, 5.24l@;
marks. sixty days, 9415
Domestic Exchange-Steady: banks are
buying al 1-16 per cent. discount. and SELL
ing as follows: Amounts up to $25 10 cents.
$25 to $50, Is cents; $50 to 500, 20 cents; 500
TO $3.50, 25 cents; $3.50 to $3.50, ITO per cent.
premium, and $3.50 and over, 70 cents per
$1,000.
Securities-The market is steady. but NOT
much doing, on account of light offerings
Stocks and Bonds-State Bonds-Geor-
gia 31a per cent. bonds Of 1880, 1O7 bid. 1881
asked; Georgia 3la per cent, due 1915. 105
bid, 107 asked Georgia AZ per cent. bonds.
1915, lie bid, III asked: Georgia 4 ,er
cent, due 1920, 10 bid, Ill asked; South
Carolina 412s, 109 bid, no asked.
City Bonds-Atlanta Z per cent, 1O2 bid.
asked; Augusta 41as, 1925, 1O5 bid. 1Oe
asked; Augusta per cent, ITO bid III
asked; Augusta per cent, 112 bid 113
asked; Columbus per cent. 1882 bid. 1919
asked; Macon per cent, lis bid, l16 ask
ed; Macon 412s, 1926 103 bid 1O4 asked:
Savannah per cent, quarterly October
coupons, Ill bid, 11112 asked; Savannah
per cent. quarterly August coupons. III
bid, ILL., asked; Charleston As, 951a bid 96lb
asked.
II. HIOTA0A
Western Railroad general mortgage bonds
6 per cent. interest coupons, ll6 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 IS. 81
bid SO asked Central of Georgia Rail
road first mortgage 5s, 50-year gold bonds
1854 bid, 1T asked Central OF Georgia Rail-
way first consolidated mortgage 5s. So bid
50 asked; Central Of Georgia Railway
first preferred incomes, 3S1a bid 391A asked:
Central of Georgia Railway second
preferred incomes, 10 bid, Il asked;
Central of Georgia Railway third
preferred incomes, 6 bid. 615 asked;
Georgia Railroad 6s, 1910, lis bid, ia asked:
Charlotte, Columbia and Augusta first IS
10S bid, 109 asked; Charlotte, Columb ia and
Augusta second mortgage Is, 100 bid, 121
asked; Georgia Southern and Florida new
IS, 103 bid, 104 asked; South Georgia and
Florida first mortgage Is, 1O2 bid, 1O31a
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 1913
asked; Alabama Midland per cent in
dorsed, IS bid, IS asked; Brunswick ard
Western As, Y bid, rs asked: South
Bound Railway IS, 6S bid, 2 asked Geor-
gia and Alabama first preferred 5s, 109 hid
104 asked; Georgia and Alabama cons So
DfdnCn.
SO asked; Central of Georgia, Middle
Georgia and Atlantic division 5s, 70 bid
Railroad Stocks-Augusta and Savan-
nah SO bid, 81 asked, ex-div. ::
Southwestern. IS bid, 81 asked, ex-
div; Atlanta and West Point
stock 103 bid, 104 asked; ex-div Atlanta
and West Point per cent. certificates, 1O11S
mon, 1870 bid, 1872 asked; Savannah Con-
struction Company, II bid 70 asked,
Gas Stocks-Savannah Gas Light stock,
231b bid, "a asked; Electric Light and
Power Company. 20 bid, Il asked, ex-
div.
Bank Stocks, Etc-Citizens Bank. 1O91$
bid. 11015 asked ex-div.; Chatham Bank,
1861 bid 4712 asked ex-div. Germania
Bank, 10Y bad, 1l11a asked, ex-div;
National Bank of Savannah
1914 bid, 126 asked, ex-div.; Mer-
chants National Bank, SO bid, S415 asked,
ex-div. Oglethorpe Savings and Trust Co,
1O4 bid 105 asked, ex-div.; Southern Bank
of the State of Georgia. 129 bid, 100 asked
ex-div; Savannah Bank and Trust Com
panv. 1911 bid 1921 asked, eX-div Chatham
Real Estate and improvement Company,
A. So bid, 551a asked; b, 81 bid, 54s4 asked,
ex-div.; Peoples Savings and Loan Com
pany. SO bid. 95 asked.
Factory Bonds.-Augusta Factory, 101
bid. lO2 asked; Sibley Manufacturing Com
pany, 6s 100 bid, 102 asked
Factory Stocks.-Augusta Factory, 68
bid, Is asked; Graniteville Factory, 145
bid Isl asked; Langley Factory, 100 bid,
1O1 asked; Enterprise Factory, common,
90 bid. "a asked; J. r. King Manufacturing
Company. 100 bid, 101 asked Sibiey
Manufacturing Company 20 bid. rs asked; ,
Savannah Brewing Company, SO bid, 50
asked
New York, July 19.-Money on call was
easy at IL per cent; the last loan was
u Mt la
3ibd4 per cent. Sterling exchange easy,
with actual business in bankers bills, at
81. S51bd4. S5st for demand and at $4S01s0
4. SO15 for sixty days; posted rates, $4.S412
6l4S7; commercial bills, $4.S51s. Silver GER
tificates, SOC; bar silver, 59Ac; Mexican
dollars. A51bc Government bonds were
firm
New York, July 19.-AIidsummer dullness
was the characteristic of the stock mar
ket to-day Those who have money to
buy stocks on large scale and those who
have large holdings TO sell seemed to have
gone off for a holiday out. The bears,
among the small room traders, took an
opportunity to hammer at the lost here
and there.
Prices of railroad stocks are now from 4
to Is points higher than they were a year
ago. but in the meantime dividend rates
have in many cases been increased and
extra dividends disbursed
The worlds available supply of bread
stuffs IS not materially greater than il
was a year ago, but this country is as
sured of the largest crop in it's history,
and the crop of the world cannot yet be
reliably estimated. The price of wheat
is. in consequence, held back and farmers
are not bringing the new crop forward,
thus keeping down the earnings of the
grain carrying roads. Nevertheless, rail-
road companies are making extensive prep
arations to handle a large grain and mer-
chandise traffic during the coming fall and
winter.
The situation seems to hinge largely upon
the price of wheat or rather, upon the
grain movement which Is held back by
the fault of wheat to advance. Until re-
liable estimates can be made of the
worlds new crop Of wheat and the worlds
consequent need for our surplus products,
sDeculation seems likely TO halt
Bonds were featureless except that Den
yer and Gulf lists advanced points, with
a subsequent reaction. Total sales, 81
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