The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-11-12
FINANCIAL.

FINANCIAL.
Money-Market steady.
The bank clearances during the past
week were SO 96i,219.ts, against $4.049. s54 So
during the same week last year and $780,
1926 during the same week year before
last.
Foreign EXchange-The market is very
weak The following are the Savannah
quotations. Commercial demand. 4A;
sixty days. As0A; ninety days S4.79A:
francs, Paris and Hsvre, sixty days, 5.2l%;
Swiss, sixty days, 5.29ls marks. sixty
days, 1914.
Domestic Exchange-st banks are
buying at 1-l6 per cent. discount and SELL
ing as follows: Amounts up TO S25, 10 cents;
S25 to $50, Is cents; $50 to SlG0, 20 cents;
500 TO $500, 4 per cent. Premium $500 10
81 coo, IS cents Premium 81 900 and over,
lie per cent. premium,
Securlties-Southern securities of I'M.
doubted solidity command good prices.
Stocks and Bonds-State Bonds-Georgia
3Ih per cent. bonds Of 1890, 1O7 bid 1857
asked; Georgia 3ls per cent, due 1915 1851
bid lO6 asked; Georgia AZ per cent bonds.
1916. 1874 Did. 100 asked; Georgia 4 per
cent. due 1920, ia bid, lis asked: South
Carolina 4lRs. Ill bid. 1l2 asked
City Bonds-Atlanta, AZ per cent. 1929.
1906 bid, asked; Augusta AIS, 1925. 109
bid. iOS asked; Augusta per cent. III
bid 1i2 asked Augusta per cent M
bid. 113 asked; Columbus per cent los
bid, 107 asked, Macon per cent Jig bid.
III asked; Macon 4t5s. 1926 1O5 bid. lOs
asked Savannah per cent quarterly
January coupons. 1l1ls bid, 112 asked: sa-
vannah per cent. quarterly February
coupons. 1llh bid, 1l2 asked; Charleston
As 96 bid "a asked.
Railroad Bonds-Savannah Florida ana
per cent. interest coupons 1iS bid 1lQ
asked; Savannah, Florida and Western
first mortgage per cent gold bonds, due
1924. 10S bid, 1903 asked; Central Railroad
and Banking Company, collateral 5s. 90
bid SO asked; Central of Georgia Rail.
road first mortgage 5s J0-year gold bonds.
116 bid III asked; Central of Georgia Rail-
way first consolidated mortgage IS. 90
bid 81 asked; Central OF Georgia Rail-
way first preferred incomes, SO bid, 81
asked Central OF Georgia Railway second
preferred incomes IL bid, u asked;
Central OF Georgia Railway third
preferred incomes. AZ bid, 81 asked:
Georgia Railroad 6s, 1910. lis bid, III asked;
Charlotte, Columbia and Augusta first S.
1906 bid, 10 asked; Charlotte, Columbia and
Augusta second mortgage Is. III bid, li8
asked Georgia Southern and Florida new
IS, l07 bid, 1914 asked; South Georgia and
Florida first mortgage Is, 100 bid, 10t
asked; South Georgia and Florida second
mortgage Is. 100 bid, 101 asked; Ocean
Steamship per cent. bonds, 1926, 1041k bid.
1861 asked; City and Suburban Railroad
first mortgage per cent. bonds, 100 bid,
1902 asked: Alabama Midland per cent, in
dorsed 30 bid, 81 asked; Brunswick and
Western a., 70 bid, 70 asked South Bound
Railway IS, 81 bid. IS asked; Georgia and
Alabama first preferred IS, 100 bid, 10f ark
ed Georgia and Alabama cons. 5s, 90 bid,
81 asked; Eatonton branch, 10 bid, 81 asked;
Central OF Georgia, Middle Georgia and
Atlantic division IS. SAY bid. ssh asked.
Railroad Stocks-Augusta and Savan-
nah, 100 bid. 1O1 asked; Southwestern.
100 bid, 101 asked; Atlanta and West
Point stock 40 bid, 112 asked; Atlanta and
West Point per cent certificates. 1903
bid, 1O4 asked; Georgia common, 1877 bid,
1893 asked.
Gas stocks-savannah Gas Light stock,
% bid, % asked; Electric Light and Power
Company, "a bid. rs asked.
Bank Stocks, Etc.-citizens Bank. 11Qlz
bid Ill asked; Chatham Bank, AZ BID
4s asked Germania Bank. 1lOh bid. 1l1h
asked National Bank of Savannah. 1876
bid 127 asked; Merchants National Bank.
81 bid, s. asked; Oglethorpe Savings and
Trust Company, 105 bid, 1O7 asked; South
ern Bank of the State Of Georgia, 1870 bid,
131 asked; Savannah Bank and Trust Conn
pany. 100 bid, 104 asked; Chatham Real
Estate and Improvement Company, A, 55Z
bid, So asked; B. IS bid, 55lk asked: Peo-
pies Savings and Loan Company, 90 bid,
"a asked
Factory Bonds-Augusta Factory, 105
bid, 106 asked: Sibley Manufacturing COM
pany S. 100 bid. 1O2 asked; Eagle and Phe-
nix Mills per cent. bonds, due 1928, 101
bid 102 asked.
Factory Stocks-Augusta Factory, s.
hid ~ agrpds ftr4pifaUflia EaQfnrU
145 asked; Langley Factory. 100 bid, 10l
asked; Enterprise Factory, common, 80
bid, 81 asked; J. r. King Manufacturing
Company. 100 bid, 101 asked; Sibley Man
ufacturing Company, 10 bid, IS asked; sa-
vannah Brewing Company. lO1 bid, 10s ask
ed.
New York. Nov. 11-Money on call was
steady al 2@2la per cent; the last loan whs
at 2 per cent. Prime mercantile paper,
3d4 per cent. Sterling exchange frmer.
with actual business In bankers bills at
$4S5K9AS52i for demand, and at S4.s2Q4s214
for sixty days. Posted rates, $4.S3d4.S6h
Commercial bills, &s1Q4S11z. Silver GER
tihcates, 6Olz06lhc. Bar silver, 607sc. Mex
lean dollars 47hc. Government bonds were
weak state bonds were strong; railroad
bonds were strong.
New York Nov. 1.-THE total bank
clearings in the United States for che week
were 1921. 55s, 5Sl; per cent decrease, SO.
Exclusive Of New York, $52S, ,ssi; per
cent decrease. "A.
New York. Nov. tt.-Wall street was
prepared to-day for an outburst of en-
thusiasm over stocks on the part Of the
general public after yesterdays enthusi-
asm on the part Of the street itself. The
Changers. the Northern Pacific and the
leading Southern railroads opened higher.
The publics enthusiasm had apparently
Induced II to place large orders 70 buy
stocks at the opening The foresight of
the large operators in making the opening
Level OF the market a high one. was thus
justified, and they fed the eager demand
Of outsiders quite freely. Prices, however.
were fairly well maintained in tho first
hour, but in spite Of the violent activity
OF the market. Il soon became evident
that the supply OF stocks was fully equal
to the demand. Room traders detected
evidences OF realizing by large interests,
and commenced 10 sell the market with
auile a marked effect on the Grancora