The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-08-28
FIN ANCIAL.
Money-Markel steady.


days 5.23A; Swiss, sixty days, 5.25 marks,
sixty days, 9414.
Domestic EXchange-Steady; banks are
buying at Lie per cent discount, and SELL
ing as follows: Amounts up to $25, 10 cents;
$25 10 $780, 10 cents; $50 to 500, 20 cents; 500
to $3.50, % cents; $3.50 to $780,, Ito per cent.
premium, and $50 and over, rs cents per
$1,000
Securities-The market is fairly active;
but offerings are light Georgia state and
Savannah City Bonds are hardly Oh
tainable, consequently trading is unsatis-
factory.
Stocks and Bonds-State Bonds-Geor-
gia 312 per cent bonds of 1880, 107 bid, 1887.
asked; Georgia 315 per cent due 1915 1O4
bid, 106 asked; Georgia Az per cent. bonds,
1915, III bid, 11S asked; Georgia 4 per
cent, due 1920 113 bid, ia asked; South
Carolina 412s, 10 bid, II asked.
City Bonds-Atlanta, Az per cent. 1923, LOG
bid, - asked; Augusta 4l3s, 1925, 1O7 bid, 1OS
asked; Augusta per cent, ITO bid, Iii
asked; Augusta per cent, Ill bid, 113
asked; Columbus per cent, 1O5 bid, LOG
asked; Macon per cent, us bid, 116 ask
ed; Macon 41As, 1926, 1912 bid 1851 asked;
Savannah 8 per cent, quarterly October
coupons, Ill bid, liz asked; Savannah 8
per cent. quarterly November coupons,
Ill bid 1111a asked; Charleston As, "a
bid, 95 asked.
Railroad Bonds-Savannah, Florida and
Western Railroad general mortgage bonds,
6 per cent. interest coupons, lis bid 119
asked Savannah, Florida and Western
first mortgage per cent, gold bonds, due
1924 10415 bid, 106 asked; Central Railroad
and Banking Company collateral IS, 81
bid 80 asked: Central of Georgia Rail-
road first mortgage 5s, 50-year gold bonds,
1171a bid, 119 asked Central of Georgia Rail-
way first consolidated mortgage 5s, 80 bid,
81 asked; Central of Georgia Railway
first preferred incomes AZ bid 40 asked;
Central of Georgia Railway, second pre-
ferred incomes, 1874 bid, 141s asked;
Central of Georgia Railway third
preferred incomes, 61A bid, asked;
Georgia Railroad IS, 1910 113 bid, ia asked;
Charlotte. Columbia and Augusta first 5s,
Jos bid, 1O6 asked; Charlotte, Columbia and
Augusta second mortgage rs, 11S bid. 12O
asked; Georgia Southern and Florida new
5s, 1861 bid. 1862 asked; South Georgia and
Florida first mortgage Is, 1921 bid, 1O31s
asked; South Georgia and Florida second
mortgage rs, 1922 bid, 1881 asked; Ocean
Steamship ) per cent, bonds 1926, 103 bid,
105 asked; City and Suburban Railroad
first mortgage 6. per cent. bonds, 100 bid,
102 asked: Alabama Midland 5 per cent, in
dorsed, 80 bid, "a asked; Brunswick and
Western As Y bid, rs asked; South
Bound Railway 5s, 70 bid, rs asked; Geor-
gia and Alabama first preferred 5s, 1903 bid,
1O4 asked; Georgia and Alabama cons. S.
W DID. III dShGls EdlOulOn Dfdncn, ~ do
80 asked; Central of Georgia, Middle Geor-
gia and Atlantic division 5s. S11A bid, So
asked.
Railroad Stocks-Augusts and Savan-
nah 971a bid 9S1a asked; Southwestern. SO
bid SO asked; Atlanta and West Point
stock, 106 bid, 1O7 asked; Atlanta and West
Point 6 per cent. certificates, 1903 bid, 104
asked: Georgia common, 1872 bid, 1873 asked;
Savannah Construction Company, 80 bid
SO asked.
Gas stocks-savannah Gas Light stock.
22A bid, % asked; Electric Light and
Power Company. II BID, 72h asked
Bank Stocks, Etc.-Citizens Bank, HOY
bid Ill asked; Chatham Bank. AZ bid, As
asked Germania Bank. 11O1a bid ill.,
asked National Bank of Savannah, 125
bid, 126 asked; Merchants National Bank.
SO bid, S419 asked; Oglethorpe Savings
and Trust Company 1O4 bid, 105 asked;
Southern Bank of the State of Georgia.
1870 bid 131 asked; Savannah Bank and
Trust Company, l02 bid, 1903 asked; Chat
ham Real Estate and improvement Com
pany, A, 551a bid Sc asked; B, SAY bid, SO
asked; Peoples Savings and Loan Compa-
ny, SO bid, 95 asked.
Factory Bonds-Augusta Factory, 1O5
bid, 1O6 asked Sibley Manufacturing Com
pany 6s, 100 bid, t02 asked.
Factory Stocks-Augusta Factory IS bid.
65 asked; Graniteville Factory 40 bid. las
asked; Langley Factory, 100 bid 101 ask
ed; Enterprise Factory, common 80 bid.
81 asked; J. r. king Manufacturing Com
pany 100 bid, 101 asked; Sibley Manufac-
turing Company, 70 bid 76 asked; Savan-
nah Brewing COMPANY 95 bid 100 asked.
New York, Aug. 2,-Money on call was
firm at 2M2l2 per cent, the last loan was
at-2 per cent. Prime mercantile paper, $40
4I6c per cent. Sterling exchange steady
with actual BUSINESS in bankers bills at
81. S5h for demand and 81. S2k6i4. S21b for
oe
Commercial bills, 4.S2$i. Silver certificates,
59la@61c. Bar silver, soc. Mexican dollars,
46lac State bonds were dun Railroad
bonds were firm. Government bonds were
steady.
New York, Aug H.-The weekly state
ment show the following changes: Sur
plus reserve, decrease, 81. 495. $780, loans, in
crease, s5,34S,40O; specie, decrease, IS, co.,
SEQ; legal tenders, decrease, $50, 300 deposits,
decrease. %.779 400; circulation. decrease,
SIS, 100 The banks now hold S21, 343, 800 in
excess of the requirements of the % per
cent. rule.
New York. Aug. 27.-The bears mani
tested considerable confidence that a re-
action i'm the prices of stock was due to-
day, and they sold at the opening advance
and carried prices at one time materially
below last nights close. They had on
their side a disposition by many holders
10 take profit But the demand was so
considerable as 10 ABSORB all offerings az
the decline and the bears We're forced TO
cover quite heavily, lifting prices sharply
above the lowest and In many cases above
last night The opening high prices were
partly manipulated for purposes of realz-
hsg. prices of American having been adj
vanced in London by cabed orders from
New York.
A number Of prominent stocks showed
vigorous resistance 20 the declining mar
ket and We're potent factors Ia effecting
the rally. Denver and RIO Grande pre-
ferrod showed continued strength. as did
Southern Railway preferred Erie first
preferred. Norfolk and Western preferred
and the Wabash securities.
The heavy decrease In surplus reserves
of the banks was AN unsetting influence
in the late trading. The closing was some
what irregular some stocks showing ef-
fecis Of rerewcd buying while others SUI
fercd from continued profit taking,
Railroad bonds were active to-day and
closed rather fegesish, al reactions 10 the |