The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-18
FINANCIAL.

Swiss, sixty days, 5'24iS; marks ks sixty Is7U
h, Domestic Exchange-steady; banks are
b6uylng az par and selling as follows:
amounts up TO SIS, 10 cents; S25 to $50 is
GEMS s9O 10 500, 20 cents; 500 10 500, Ia
ber cent. premium; $500 to $1,000, at il
| 81 800. 49, - P'''
securities-The market is quiet and duh,
| quotations are rather nominal
STOCK and Bonds-State Bonds-Cfeoroia
| ~ per cent. bonds OF 1885, ia bid. ZIG ask
eui georgia, 31s per cent, due 1915 112 bid
do DE 9 ASK %, Georgia az per cent bonds,
lima as, 1l6 bid, III asked
! city Bonds-Ailanta Az per cent. 1922,
iVo Dld, no asked; Augusta 31ss 1925 100
| bad, 103 asked; Augusta 41as 1926 107 bid,
| los asked; Augusta per cent, Ito bid. i'll
| asked; augusta 6 per cent, 112 bid la
asked; Columbus per cent, 107 bid, 10S
| ed; Macon 41as, 1925. 106 bid, asked; Sa
| Vanhah per cent, quarterly July cou-
| pons, 1l3A bid, 1l412 asked; Savannah 5
| per cent. quarterly August coupons. 1875
asked 40
Railroad Bonds-Savannah, Florida and
| Western Railroad general mortgage
bonds, per cent. interest coupons, i25
bid, l26 asked Savannah Florida and
| Western, first mortgage 5 per cent. gold
bonds, due 1924, 11SlA bid, 1141s asked;
| Central Railroad and Banking Company
| collateral 5s, SO bid 81 asked: Central Of
! Georgia Railway first mortgage IS, so
! year gold bonds, 1l6 bid, III asked; Central
| 81 asked; Central of Georgia Railway first
| preferred incomes, Az bid, 43 asked; Cen
! trail of Georgia Railway second preferred
| incomes, Is bid, II asked; Central of
Georgia Railway third preferred in
comes 6ls bid, ~ asked; Georgia Rail
road 6s, 1910, III bid, 11S asked, Charlotte
| Columbia and Augusta LIST IS 1O9lb bid
| 110h asked; Charlotte, Columbia and Au-
| gusta second mortgage Is, 1913 bid, 124 ask
| ed; Georgia Southern and Florida new
IS, 1922 bid, 11012 asked; South Georgia
and Florida second mortgage rs, 100 bid
| 101 asked Ocean Steamship 5 per cent
! bonds, 1926 106 bid 107 asked: City and
! Suburban Railroad first mortgage Z per
| cent. bonds, 1G bid. l05 asked; Alabama
| Midland per cent. indorsed 93 bid, lOl
| asked; Brunswick and Western As, S215 bid
| 81 asked; South Bound Railway IS, 9S bid
| 1872 asked; Georgia and Alabama first pre-
I ferred 5s, 105 bid, 100 asked Georgia and
| Alabama consolidated 5s, 102 bid, 1913 ask
| ed; Eatonton Branch, II bid, 9712 asked /:
Central of Georgia, Middle Georgia and
| Atlantic division IS, = bid 81 asked. /,
Railroad Stocks-Augusta and Savan-
nah 1874 bid, ia asked: Southwestern
| 1873 bid, 1144 asked: Atlanta and West
| Point stock, i23 bid, 125 asked; Atlanta and
| West Point 6 per cent. certificates, 1882
| bid, 104 asked; Georgia, common, 205 bid,
| 207 asked; Georgia and Alabama stock, 81
bid, "a asked; Savannah Hotel Co. stock,
| 50 bid, IS asked.
Gas Stocks and Bonds-Savannah Gas
Light stock, 26 bid, q asked; Edison Elec-
i
bonds, 1O6 bid, 1O7 asked.
| Bank Stocks, Etc-CitiZens Bank, 1O
| bid, 121 asked; Chatham Bank 1Oll2 bid
1882 asked; Germania Bank, III bid, l19
| asked; National Bank of Savannah, 1922
| bid 1884, asked; Merchants National Bank
| of Savannah, SO bid, 81 asked; Oglethorpe
| Savings and Trust Company, lO6 bid, lOI
asked, ex-div.; Southern Bank, of the
| State of Georgia, 1879 bid, 14 asked; Sa-
| Vannah Bank and Trust Company, III
bid, 113 asked; Chatham Real Estate and
| n
| ed; 3, Sc bid. 81 asked: Peoples Savings
and Loan Company, SO bid. 50 asked.
Factory Bonds-Augusta Factory, l0l32
| bid 1903 asked; Sibley Manufacturing
| Company IS, iO21k bid, iOS1s asked; Eagle
| and Phenix Mills, 6 per cent. bonds, due
1923, 104 bid, 105 asked; Bibb Manufactur-
| ing Company, 1903 bid lO5l2 asked.
Factory Stocks-Aususta Factory, GO
| bid 81 asked; Graniteville Factory, $50
| bid 155 asked; Langley Factory, 81 bid,
| 1917 asked; Enterprise Factory, common,
| 90 bid. 80 asked: j. R. King Manufactur-
| ing Company, 81 bid, 10l asked; Sibiey
| Manufacturing Company, 20 bid, 79 ask
ed; Savannah Brewing Company 100 bid,
! 106 asked
New York, June 17.-Money on call was
! steady at 2Q212 per cent; The last loan
| was at 212 per cent Prime mercantile
| naper. 363S4c Sterling exchange, steady,
| with actual business in bankers bills at
| "a. S794Q4SS for demand, and at $500 o
SO for sixty days; posted rates, &S6l9n
| 4S7 and s4.S9. Commercial bils, AS5q
| S51S Silver certificates, 6O12062c. Bar
| silver. 6O3sc Mexican dollars, 4S12c. State
| bonds were inactive; railroad bonds were
easier; government bonds were steady
| NeW York. June 1.-THE weekly bank
| statement shows the following changes:
| Surplus reserve, decrease, $9,3l99OO; loans
| increase. SIS, 100000; specie, decrease, 81
| nosif Increase s., 1885, 400; circulation, de-
| crease. SCI, 700 The banks now hold $780,
009 200 in excess of the legal require
| ments
| The Stock Exchange was almost deserted
/ To-day and there seemed to be an absolute
| lack of buying demand, 50 that even In
| SIGNIFICANT offerings carried the aeVel OF
nTieee downward. The few profess onal
| traders present were disposed 10 sell stocks
| In ant5clDation of the unfaVorabie bank
! statement, and on me general prIlnclpie
An idea of the narrownesS OF the mar
| ket is given by the fact that during the
| first hour there We're Just Two ttaIsacliohS
| recorded in ST. Paul, which was the more
| notable because OF ats good statement OF
| gross earnings for the second week IN
| june The buying of the tlower group;
! which has been persisted in Tor the last
| few DAYS in face of the dizziness in the rest
| of the market was abandoned, and these
| stocks were Allowed TO DRIFT downwards
With the rest OF the market. American
| Steel and Wire fell away rather sharply
win the reports of a dispute among the
| directors rs 10 the payment OF a dividend
an me common stock There were rather
ebarn Losses by other new industrials
which afterwards partly recovered. Ine
| lad bonk statement brought little selling
AMI he traders covered short contracts,
causing a a ~. Net changes are unmpor-
| of contracts by traders brought PR 3es PACK
fant in nearly ali cases, as The evening up
~ contracts by traders brought The prices
hack 20 about the starting point. Bonds
shnvved a declining tendency in sympathy
Vt;th slocks en- q small volume of business.
There has Eeen a distinct reacEonary
tendency in portions OF the railroad bond
n,arkef during the week showing a d3mln-
ntion of demand which had seemed for
s.3mr lime Iast quite iusatable. This
aroused some question Of che available sup
NV Of die capital suA seeking investment;
me MAY foreign trade statement issued
~ tic bureau of statistics Of The treas
nv deparrncnt also received an unia-
voiab-e iUtarure at on from the statement.
MAJ IN showed diminution Of exports COM
nar.d WITH. last year s i'll in progress sone-
fbin,g has been made also Of The broadening
nfonertieus cf the problem Offered for solu-
ION In the h lppincs and me pcssbi ily
II large add. ucnel forces being required
70 e1hdoe the Insurgents ard establish o
der. The prevailing high prices Of our
bfrh grade securities have undoubtedly
nr2noIed very heavy selling by foreign
boidcrs and tie fact that we are now ex-
nn,.,iu.s god leads some authorities TO cen
rindn that the trade balance in our favor
ms thus been liquldated but special in
i.,+s.,,l,ile r1av have been offered by for