The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-29
FINANCIAL.

curing the same week tast year, ana 2,yoO,-
7003S during the same week year before
last
Foreign Exchange-The market Is
steady. The following are the Savan-
nah quotations; Commercial demand,
S4.s4h; sixty days, SAS0lh; ninety days,
s4.7S94; francs. Paris and Havre, sixty
days, 5.27: Swiss, sixty days, 5292s; marks,
sixty days, 933s.
Domestic Exchange-Steady; banks are
buying at 3-16 per cent. discount and
selling as follows Amounts up to s25.
10 cents. S25 to $50 10 cents $50 to $780, 20
cents; $500 or over at par; $1,000 and over
at 1-l6 per cent discount.
Securities-A fair investment demand
but light offerings. Very little doing.
Stocks and Bonds-State Bonds-Georgia
31s per cent bonds Of 1880, lO7 bid, 1854
asked; Georgia 31s per cent. due 1916. lO5
bid, l06 asked; Georgia Az per cent. bonds.
1916 1854 bid 100 asked Georgia per
cent, due 1920. ia bid, lis asked; South
Carolina AIS, Ill bid. 1l2 asked.
City Bonds-Atlanta, "a per cent, 1928,
LOG bid 49, asked; Augusta AIS, 1925, lO7
bid, 1903 asked; Augusta per cent, Ill
bid, ll2 asked; Augusta per cent, Ill bid,
113 asked; Columbus 5 per cent LOG bid
107 asked; Macon per cent, 116 bid, III
asked. Macon 4i4s, 1925. 105 bid, 10s asked;
Savannah 5 per cent. quarterly January
coupons i111h bid, ll2 asked; Savannah
per cent. quarterly November coupons.
112 bid, 1924 asked; Charleston IS,
96 bid. 81 asked.
Railroad Bonds-Savannah. Florida and
Western Railroad general mortgage bonds.
per cent. interest coupons. l1S bid il9
asked Savannah, Florida and Western
first mortgage per cent. gold bonds, due
1924, 1913 bid 100 asked; Central Railroad
and Banking Company, collateral IS. 90
bid, SO asked Central of Georgia RAD.
road first mortgage IS, 50-year gold bonds.
JIG bid III asked; Central of Georgia Rail-
way first consolidated mortgage IS. 50
bid 81 asked; Central of Georgia Rail-
way first preferred incomes. 35lh bid. 3sik
asked; Central of Georgia Railway second
preferred incomes, II bid, II asked;
Central of Georgia Railway third
preferred incomes, AZ bid, 5lA asked:
Georgia Railroad Is, 1910, 115 bid III asked:
Charlotte. Columbia and Augusta first 5s
106 bid, 107 asked; Charlotte, Columbia and
Augusta second mortgage u.s. III bid, lls
asked Georgia Southern and Florida new
5s 1864 bid, 1M asked; South Georgia and
Florida first mortgage rs, 1921 bid, 1O31k
asked; South Georgia and Florida second
mortgage rs, l02ik bid, 1924 asked; Ocean
Steamship per cent. bonds. 1926 1914 bid
1851 asked; City and Suburban Railroad
first mortgage per cent. bonds, 100 bid,
102 asked Alabama Midland per cent in
dorsed 1914 bid. 9Sl1 asked; Brunswick and
Western As, 70 bid rs asked South Bound
Railway S. 50 bid, SO asked; Georgia and
Alabama first preferred S. 1903 bid 1O4 ask
ed Georgia and Alabama cons 5s, 80 bid.
81 asked; Eatonton branch, 80 bid. 81 asked;
Central of Georgia. Middle Georgia and
Atlantic division IS, SO bid. "a asked
Railroad Stocks Augusta and Savan-
nah, 99l5 bid 100k asked; Southwestern.
100 bid, l0l asked; Atlanta and West
Point stock, ITO bid, 112 asked; Atlanta and
West Point per cent. certificates. 1903
bid l0i asked; Georgia common, 1876 bid.
1871 asked.
Gas Stocks-Savannah Gas Light stock.
q bid. % asked Electric Light and Pow
er Company, rs bid, T6 asked
Bank Stocks, Etc.-Citizens Bank. 1l0h
bid, ll0A asked; Chatham Bank, IS bid,
asa asked Germania Bank 11Olk bid. I1IIk
asked National Bank of Savannah 1926
bid, l27 asked Merchants National Bank.
"a bid. SO asked; Oglethorpe Savings
and Trust Company, 105 bid 1O7 asked;
Southern Bank of the State of Georgia,
1SOh bid, 1872 asked; Savannah Bank and
Trust Company, 1903 bid, 104 asked;
Chatham Real Estate and Improvement
Company, A, 555a bid, Sc asked; b, So bid,
55A asked; Peoples Savings and Loan
Company, 92s bid 93i5 asked.
Factory Bonds--Augueta Factory 1c5
bid lOs asked; sibley Manufacturing Conn
pany IS, 100 bid, 102 asked; Eagle and Phe-
nix Mills per cent. bonds, due 1928, l0l
bid 1902 asked.
BID. 65 asked; Graniteville Factory, i4O Lid.
IDS asked; Langley Factory. 100 bid 101
asked; Enterprise Factory, common 80
bid, 81 asked; J. r. King Manufacturing
Company, 100 bid l0l asked; Sibley Manu-
featuring Company. 70 bid. 76 asked. sa-
vannah Brewing Company. l0l bid. 1903
asked.
New York, Oct. 2s.-Money on call steady
at 1s4G2 per cent; the last loan was at
per cent Prime mercantile paper. 3Q4 per
cent. Sterling exchange firm, with actual
business in bankers bills at S. S51hQ14 $50
for demand and at $4.S2A G14.s2ls for sixty
days; posted rates, $4S3G4s3h and As6D
4.s6lz; commercial bills. $4.sl.~ silver GER
tihcates, 6lG62c; bar silver, 607sc; Mexican
dollars 47hc Government bonds strong;
state bonds were strong; railroad bonds
were strong.
New York oct. 2s.-The total bank clear
ings in the United States for the week
were 81 1923 52S596; per cent, increase, ITO:
exclusive Of New York, s52i5i6. $50; per
cent. increase, 7.3.
New York. Oct 2s-The stock market
took on to-day many of the characteristics
of bull campaign in full force. BUSH
ness was large and exceedingly well DIS
tributed, while the market was much less
dominated by the specialties. which. how
ever, continued very active principally
Sugar and Tobacco The former was less
violent in It's fluctuations than on yester-
day, and although 1t advanced several
times. il met more stock than 1t could car
ry IL ended the day unchanged. Tobac-
CO. on the other hand, after a fractional
decline, surged strongly upward. the ex-
irene rise being nearly points The rise
was coupled with rumors of the fiotation
OF the new plug tobacco company. and in
the taking in of many large compe ttors
in that field. Another conspicuous move
ment was that In the iron and steel stock,
which was led by the dealings an the Sc
curities of the new Federal Steel Company
when issued. Speculation in the railroad
stocks was active and varied the Grang-
ers leading in point of activity. Reports
of one or two Southwestern roads show