The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-05-29
FINANCIAL.
Money-Market s,eady.

Foreign Exchange The market 10
steady. The following are the net Savan
nah quotations: Commercial demand
81. s61l; sixty days, 4.SS1s; ninety davs
81. S2la; francs, Paris and Havre. sixtv
days, 5.227s; Swiss sixty days, 5,25lb:
marks, sixty days, 943s.
Domestic EXchange-Steady; banks ara
buying at lie per cent. discount ana coll
ing as follows: Up to S25, 10c premium. co.
10 $50, 15c premium; $50 to 500, zoe pre-.
MUM; $500 TO $1,000, 65c premium: 81 .O0O
and over, 1-16 per cent. premium.
Securities-Market is steady at onota-
tons but dun.
Stocks and Bonds-State Bonds -Caou
gia S1k per cent. bonds of 1880. 1c7 bid toStl
asked; Georgia S14 per cent, due 1Qi5 Ins
bid. 1917 asked, Georgia Az per cent ~, ~ ~
1915, III bid, 11S asked; Georgia 1 80, nor
cent. due 1926, liz bid, 10 asked. ST. ~
Carolina 412s, 10 bid, liz asked.
CITY Bonds-Atlanta per cent no ~,
= asked; Augusta 41as, 1925, los b lid ' ios
asked; Augusta Z per cent 10 Ma 49,
asked; Augusta per cent. 112 bi5 80
asked; Columbus per cent. 1O31b hii 7o 10
asked; Macon per cent, 116 bid ~ TT
ed. Macon l12s, 1925, l05 bid los asked. ' 60 a
vannah per cent, quarterly july 90
pons, u0l2 bid, III asked; Savannah
per centa quarterly August coupons IN
bid, 11012 asked; Charleston As, IS bid "a
asked.
Railroad Bonds-Savannah. FIortao -,
Western Railroad general mortgage hoo o5iu
6 per cent. interest coupons. 116 Ma 10
asked: Savannah, Florida and V7os4o1-
first mortgage per cent. gold bonds dna
1924 105 bid, 106 asked; Central Railroad
and Banking Company collateral &c o.
bid SO asked; Central of Georpia D.
road first mortgage IS. 5o-year gold bonds
116 bid, III asked; Central of Georgia Rail,
way first consolidated mortgage 5s. 81 hid
SO asked; Central of Georgia RAILWAY first
preferred incomes, IS bid 1912 asked; Cen
trail of Georgia Railway second preferred
incomes, 1872 bid, 141s asked; Cen
trail of Georgia Railway third
preferred incomes, 6 bid, asked.
Georgia Railroad 6s, 1870 l12 DID, ia asRcd,
Charlotte, Columbia and Augusta first "a
1O7 bid 10S asked; Charlotte, Columbia and
Augusta second mortgage Is, 115 bid 11s
asked; Georgia Southern and Florida new
5s 1O2jh bid, 1903 asked South Georgia and
Florida first mortgage IS 1021h bid 103lh
asked; South Georgia and Florida second
mortgage Is, 1921 bid, 103 asked; Ocean
Steamship per cent. bonds, 1925 1O4 hid
100 asked; City and Suburban Railroad
first mortgage 6 per cent. bonds 81 bid 1OT
asked Alabama Midland per cent. In
dorsed "a bid, IS asked Brunswick and
Western Is, Y bid. rs asked; South
Bound Railway IS. IS bid, 70 asked; .Geor-
ga and Alabama first pref. IS, l01Jb bid
1929 asked Georgia and Alabama cons as
IS bid SO asked; Eatonton Branch, 80 bid
S71z asked; Central of Georgia, Middle
Georgia and Atlantic division 5s, rs bid. 81
asked.
Railroad Stocks-Augusta and Sayan-
nah, 921a bid, 1914 asked; Southwestern. 921b
bid, 1914 asked; Atlanta and West Point
stock, 1852 bid, 1861 asked; Atlanta and
West Point per cent. certificates, 1O4 bid
1O5 asked; Georgia common, 176 bid, 1872
asked; Savannah Construction Company.
G5 bid, 50 asked.
Gas Stocks-Savannah Gas Light stock.
% bid 231A asked; Electric Light and
Power Company, IA bid, rs asked
Bank Stocks, Etc-Citizens Bank 10 bid
Ill asked; Chatham Bank, 1917 bid, 4715
asked; Germania Bank, 1101a bid, 1111a ask-
ed: National Bank Of Savannah, 125 bid, -26
asked; Merchants National Bank, 81 bid,
81 asked; Oglethorpe Savings and Trust
Company, 105 bid, LOG asked; Southern
Bank of the State of Georgia, 100 bid, 1873
asked; Savannah Bank and Trust Compa-
ny, 1O8 bid, 1091a asked; Chatham Real
Estate and improvement Company, A, 55A
bid. So asked; B, 5414 bid, 5514 asked; Peo-
pies Savings and Loan Company, IS bid,
So asked.
Factory Bonds-Augusta Factory, 101
bid, 102 asked; Eagle and Phoenix Manu-
featuring Company, 5 per cent bonds. IS
bid, 40 asked; Sibley Manufacturing Com
pany, IS. 100 bid, 1902 asked.
Factory Stocks-Augusta Factory, sS
bid, rs asked: Granlteville Factory, 145
bid, Isl asked; Langley Factory, 100 bid,
10l asked; Enterprise Factory, common,
30 bid. 81 asked; J. r. King Manufacture
ing Company, 100 bid, 101 asked; Sibley
Savannah Brewing Company, 81 Did, SO
asked
New York. May 28-Money on call was
easier, 1A@11a per cent; last loan was at
IL per cent. Prime mercantile paper, "a
d41b per cent. Sterling exchange, steady
and nominal with actual business in bank
ers bills at $AS6Ad4S6l2 for demand and
S4S4146l4 S415 for sixty days. The posted
rates were SIS and $4S71a. Commercial
bills, $4S3Q4.S31a. Silver certificates, $50
sec. Bar silver, 577sc. Mexican dollars,
45Ac. State bonds were dull. Railroad
bonds were strong. Government
bonds were strong.
New York, May &-The weekly bank
statement shows the following changes:
Surplus reserve, increase, s., 9S9, $50. Loans
increase, $S,202, 400. Specie, increase,
S. 459, POO; legal tenders, increase, $2,2Sl,SC0
deposits increase, $15,0lS coo; circulation,
decrease, $1,000. The banks now hold
SO, 704 800 in excess of the requirement of
the p per cent. rule.
Gay was a holiday in London and that
Monday would be a holiday in New York
and London had the effect of curtailin9
speculative operations in stocks.
There were two conflicting reports in cir
cuation, both coming by different routes
from the same point in the West Indies,
one alleging that the United States feet
had been sunk and the admiral killed and
another that Commodore Schley had pen
etrated the harbor of Santiago and sunk
the Spanish fleet The market sold Off
on the first and recovered on the second.
But the dealings were not large nor the
movement wide in any case. Prices were
sluggish outside special stocks and final
changes were small.
There was reaction colncident with the
publication Of the bank statement which
was on It's face favorable. But the ex-
panson of over IS 100000 in loans, while
suggesting activity in business, goes with
the knowledge that supplies of CONNER
cial paper have not been large in the mar
ket, nor has the demand for time loans
been eager.
The close for stocks was, however. near
top prices under the manipulation and
generally a fraction over last nights clos
ing price.
Prices Of stocks show some substantial
tuHrHa