The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-07-17
FINANCIAL.
Monev-Market steadv.

Money-Market steady
Foreign Exchange-The market is
steady. The following are the net Savan-
nah quotations: Commercial demand,
A85; sixty days, $iS4: ninety days.
S4S3A; francs, Paris and Havre, sixty
days, 5215s; Swiss, sixty days, 5241h;
marks, sixty days, 941A.
Domestic Exchange-Steady; banks are
buying at 1-16 per cent. discount and sell
ing as follows: Amounts up to $25, 10 cents:
$25 to $50, Is cents; $50 to $10O, 20 cents; 800
to $3.50 % cents; $3.50 to $3.50, lilo per cent.
premium, and $3.50 and over rs cents per
$1,000.
Securitles-The market Is steady, but not
much doing.
Stocks and Bonds-State Bonds-Geor-
sia 3lA per cent. bonds of $780, 107 bid, 1OS5b
asked; Georgia S1a per cent, due 1915, 105
1876 116 bid, lit asked; Georgia per
cent, due 1920, 10 bid, Ill asked; South
Carolina 415s, 100 bid, no asked
City Bonds-Atlanta per cent, 1902 bid.
asked; Augusta 416s, 1925, los bid, 1O6
asked; Augusta z per cent. ITO bid, III
asked; Augusta per cent, liz bid, 113
asked; Columbus per cent. 1031b bid. 1919
asked; Macon per cent, lis bid, 116 ask
ed; Macon AIS, 1926. 1e3 bid 1O4 asked;
Savannah per cent, quarterly October
coupons, III bid, 11115 asked Savannah 8
per cent quarterly August coupons, Iii
bid, 11119 asked; Charleston As, 951a bid 961S
asked.
Railroad Bonds-Savannah, Florida. and
Western Railroad general mortgage bonds.
per cent. interest coupons 116 bid, III
asked; Savannah, Florida and Western
first mortgage per cent. gold bonds, due
1924, 1912 bid, 1851 asked; Central Railroad
and Banking Company collateral 5s. 81
bid, SO asked; Central of Georgia Rail-
road first mortgage IS, 5O-year gold bonds,
115A bid, 1T asked ;Central OF Georgia Rail-
way first consolidated mortgage 5s. IS. bid,
SO asked; Central of Georgia Railway
first preferred incomes, 3S1k bid, 3915 asked;
Central of Georgia Railway second
preferred incomes, 10 bid: IA asked;
Central of Georgia Railway third
preferred incomes 6 bid, 61h asked;
Georgia Railroad 6s, 1910, 11S bid, ia asked:
Charlotte Columbia and Augusta first 5s
los bid, 109 asked; Charlotte, Columbia and
Augusta second mortgage Is, 120 bid, l21
asked; Georgia Southern and Florida new
5s 103 bid, 104 asked; South Georgia and
Florida rst mortgage Is, 102 bid 1872
asked; South Georgia and Florida second
mortgage Is, 102 bid, 1881 asked; Ocean
Steamship per cent. bonds, 1926 103 bid
104 asked; City and Suburban Railroad
first mortgage per cent bonds. 101 bid, 1O3
asked; Alabama Midland per cent. in
dorsed, IS bid, IS asked; Brunswick ard
Western As, II bid, Is asked; South
Bound Railway 5s, 6S bid, Y asked; Geor-
gia and Alabama first preferred 5s 103 bid
104 asked Georgia and Alabama cons IS,
80 bid, 81 asked Eatonton branch SO bid
IS asked; Central of Georgia, Middle
Georgia and Atlantic division IS, II bid
so asked.
Railroad Stocks-Augusta and Savan-
nah. 81 bid, 50 asked, ex-div.:
Southwestern, $50 bid. S61a asked, ex-
div; Atlanta and West Point
stock, 1903 bid, 1O4 asked; ex-div. Atlanta
nv nj.
bid, 1927 asked, ex-interest; Georgia com,
mon, 100 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. 1O91s
bid. 110ls asked, ex-div,; Chatham Bank
451s bid, as asked. ex-div.; Germania Bank,
National Bank of Savannah
124 bid. 1875 asked, ex-div.; Mer-
chants National Bank, SO bid, 845k asked,
C---div.; Oglethorpe Savings and Trust Co.
104 bio, 1O5 asked. ex-div. Southern Bank
of the State of Georgia, 129 bid, 100 asked,
ex-div.; Savannah Bank and Trust Com
pauy, 1919 bid, 1922 asked, ex div ;Chatham
Real Estate and Improvement Company.
A. s. bid, 551a asked; p, "a bid, 54% asked,
ex-div. Peoples Savings and Loan Com
pany, SO bid IS asked
Factory Bonds.-Augusta Factory, 1O1
bid 102 asked; Sibley Manufacturing Com
pany. 6s. 100 bid, 102 asked
Factory Stocks-Augusta Factory. ss
bid 70 asked Graniteville Factory, 145
lid Isl asked; Langley Factory, 100 bid,
1O1 asked; Enterprise Factory, common,
90 bid. "a asked; ]. II. King Manufacturing
Company, 100 bid, 101 asked; Sbley
Manufacturing Company, 70 bid, 76 asked;
Savannah Brewing Company, SO bid, 9S
asked.
New York, July 16-Money on call was
steady at IL per cent. Prime mercantile
paper. 3lad4 per cent Sterling exchange,
steady, with actual business in bankers
bills at S48534 d4S6 for demand and at
81 .S4isG4.s4s for 60 days. Posted rates,
ST. S5l5 and $4.S. Commercial bills, $3.50
1891. Silver certificates, 591kc. Bar sill
yer. 591ac Mexican dollars, 459sc state
bonds. dun; railroad bonds, steady; gov
trnment bonds, steady.
New York, July 1.-THE weekly bank
statement shows the following changes:
Surplus reserve, decrease, 1893. AS; loans,
increase 49, 17S. 200; specie. decrease, $3,732,-
800; legal tenders, decrease, 1917. 800 depos-
its. decreased S2Sl. 100; circulation, de-
crease, $S1 COO. The banks now hold %S,-
365 825 in excess of the requirements of
Who o. par qauf ruIa