The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-13
FINANCIAL.

Savannah, Dec. 12.-Money is steady.
Domestic EXchange-The tone of the
market is steady. Banks are buying at
Lie per cent. discount and selling at Lie to
Is per cent premium.
Foreign Exchange-The market is
firm. The following are net Savannah
quotations: Commercial demand, SASS;
sixty days, AS; ninety days 81. s69s !;
francs. Paris and Harve. sixty days,
S5l7A; Swiss, sixty days, S5.1S4; marks,
sixty days 95A.
Securities-There is little or nothing do
ing in the security market.
State Bonds-Georg1a, az per cent. 1915,
114Ia bid, lis asked; Georgia per cent. 1896
104% bid, 1861 asked; Georgia 31a per cent.
long dates 1914 bid. 100 asked.
City Bonds-New Savannah 5 per cent
quarterly January coupons, 1864 bid, 1O6A
asked; new Savannah per cent. Febru-
airy coupons, 1862 bid, LOG asked
Railroad Bonds-Central Railroad and
Banking Company collateral, gold 5s, IS
bid, 80 asked; Central consolidated mort
gage per cent. coupons, January and
July maturity, 1885, 11sla bid. = asked Sa-
vannah and Western railroad per cent
trust certificates, SO bid, Sc asked; Sa-
vannah, Americas and Montgomery per
cent. As bid, so asked Georgia railroad 6
per cent 1910. 109 bid, Ill asked Georgia
Southern and Florida, first mortgage G
per cent, S6l2 bid, So asked; Montgomery
and Eufaula first mortgage 6 per cent.
Endorsed by Central railroad, 104 bid. 105
asked; Augusta and Knoxville first mort
gage, Z per cent, 1903 bid, 104 asked /:
s7ls bid, sSiH asked; Columbus and Rome
first mortgage bonds, Endorsed by Central
railroad, = bid, 43 asked; Columbus and
Western, per cent. guaranteed, 109 bid III
asked; City and Suburban railway first
mortgage per cent. bid, So asked:
Savannah and Atlantic per cent. in
dorsed, - bid, 81 asked; Electric railway
first mortgage 6s. - bid. 60 asked; South
Georgia and Florida first mortgage per
cent, 106 bid, asked; South Georgia
and Florida second mortgage, los bid -
asked; Alabama Midland IS bid 81
asked; Brunswick and Western As, guar
anteed, 70 asked.
Railroad Stocks-Central common. Is bid.
1872 asked; Augusta and Savannah Z per
cent. guaranteed, 50 bid, SO ex-
dividend, asked; Georgia common,
ing order for div. p bid, 70 asked; HG Ce9-
trail per cent. certificates, with order for
faulted interest. % bid, "a asked; At
bid. 81 asked; Atlanta and West Point G
per cent, certificates. % bid, "a asked.
the State of Georgia. 1853 bid, 1855 asked !;
Merchants National Bank, 90 bid, 81
asked; Savannah Bank and Trust Com
pany, 1O4 bid, - asked; National Bank of
Savannah, 1870 bid, 1871 asked; Ogiethorpe
Savings adm Trust Company, IS bid, 80
asked; Citizens Bank, 10112 bid. 1922 asked !;
Company. 81 bid, 52Ik asked; Germa manila
Bank, 1919 bid, 1929 asked Chatham Bank
40 bid, so asked; Savannah Construction
Company, 1914 bid. IS asked; Title Guaran-
eNC anu t@Oe.AA 49, " oohNChs
New York, Dec. 12.-Money on call was
easy ranging from to III per cent. The
last loan was at ~ pei, cent. and at the
closing was offered at IL per cent
Prime mercantile paper BOA per cent.
Bar silver 60S4c.
Sterling exchange is firm, with actual
business in bankers bills at $4.S7$404.S S for
sixty days and s4.Sss4@4S9 for demand
posted rates AS904.90.
Commercial bills $.S7lz.
Government bonds were steady. State
bonds were dull. Railroad bonds were
Silver at the board was quoted at 6O5sc
New York, Dec 12-Treasury balances
were as follows: Coin, $99,975, 900; currency
New York, Dec 12.-The following were
the opening quotations at the Stock Elk
change:
Chicago and Northwestern. 90
Norfolk and Western preferred. ....... 10
Richmond Terminal ...-..-....'.....-... 1914
Western Union................... SS1s
Southern Railway common. ............. IL
Southern Railway preferred. ........... 3712
New York, Dec. 12.-Wall street review:
THE passing OF the PATTERSON pill allow
ing pooling by the railroads, led to more
confident feeling in stock circles at the
opening this morning, and general adj
vance in prices took place. The proposed
change in the interstate commerce law re-
ferred to above had good effect abroad,
and London sent in buying orders for St.
Paul and other international STOCKS
Grangers were most prominent in the
early rise, and advanced y to 1 per cent.
After the squirt at the opening the market
became quieteri but the adxanee was Wen
vices that the Senate will act favorably
and quickly on the Patterson bill when it
reaches that body. In the afternoon Sugar
IoOmed into prominence, and on more
active business the price rose to 90l4 ex
div, of per cent, The price near the
az Senate had refused to take up the
House free sugar bill Distillers was
higher. rising to 1875 on a rumor that the
Insiders will withdraw their plan for the
reoreanization of the property. Ameri-
can Cotton Oil dropped IL to 24Q243s, and
the preferred l to g.. The retirement Of
Director Lehman, and the fear of an i'm
most of heavier duties by the German gov
eminent on cotton oil produce weak
ened the stock. Chicago Gas advanced
10 72sL on the covering of short contracts
and Consolidated Gas was advanced TO