The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-27
FINANCIAL.

I h~4ASA-ANf 4h4IN anu SAtdNN dL -tH-A1at.
FINANCIAL.
| Savannah, Dec. 26.-Money is steady.
! Domestic Exchange-The tone of the
market is steady. Banks are buying al
! lilo per cent. discount and selling at 1-l6
to Is per cent. premium.
! Foreign Exchange-The market Is
/ steady. The following are net Savannah
! quotations: Commercial demand, A.S7l2;
| francs, Paris and Havre, sixty days
| S5.lS2; Swiss, sixty days, $5.19&4 marks
! sixty days, 50 Lilo.
/ Securities-The market is very dull;
/ hardening tone in Southwestern.
state Bonds-Georgia Az per cent. 1915,
/ ll4la bid, ll5 asked; Georgia per cent. 1896,
I lO44 bid. lO512 asked; Georgia 3iz per cent,
! long dates, 100 bid. 101 asked.
! City Bonds-New Savannah per cent.
/ quarterly January coupons. 1853 bid, 1861
| asked; new Savannah 3 per cent. Febru-
| AIRY coupons, 1852 bid, LOG asked.
Railroad Bonds-Central Railroad and
| Banking Company collateral, gold 5s, So
| bid. IS asked; Central consolidated mort
! gage per cent. coupons January and
| July maturity, 1898. 1881 bid. asked; Sa-
vannah and Western railroad 5 per cent.
! trust certificates, 50 bid, 90 asked Sa-
| vannah Americas and Montgomery 6 per
| cent, 50l2 bid SLIP asked Georgia railroad
| per cent, 1910, 10 bid. Ill asked; Georgia
| Southern and Florida, first mortgage
| per cent, 1872 bid. S7i2 asked; Montgomery
| and Eufaula first mortgage 6 per cent.
| Endorsed by Central railroad, JOB bid, 104
! gage per cent, 103 bid. 104 asked; Ocean
| Steamship per cent, due 1920 97ia bid.
| 9812 asked; Columbus and Rome first
| mortgage bonds, Endorsed by Central rail-
| road. bid, 43 asked: Columbus and
| Western, per cent, guaranteed. los bid,
! 10 asked City and Suburban railway first
| Savannah and Atlantic per cent, in
| dorsed, - bid, 81 asked Electric railway
! first mortgage IS. - bid. 60 asked; South
! Georgia and Florida first mortgage Z per
| cent, 106 bid. - asked; South Georgia and
| Florida second mortgage, Jos bid, - asked,
| Alabama Midland. IS bid, 81 asked; Bruins
wick. and Western As guaranteed %
Railroad stocks-Centrsl common. 10
/ bid. II asked; Augusta and savannah Z
| per cent. guaranteed so bid, - eX-divi-
| dend asked; Georgia common, l52 bid. -
| asked; Southwestern per cent. guaran-
;eed. including order for div, 7oi5 bid, ~
! asked; Central per cent. certificates,
| with order for defaulted interest, Il bid,
! % asked; Atlanta and West Point rail
| road stock, SO bid, 81 asked: Atlanta and
! West Point per cent. certificates, sS bid,
Bank Stocks, Etc.-southern Bank of
/ the State Of Georgia, 1853 bid, 165 asked;
! asked; Savannah Bank and Trust Com
/ pany, ex-dv., l02 bid, = asked; National
| Bank of Savannah, 1870 bid, 1Sl asked;
| Oglethorpe Savings and Trust Company,
| 9s bid. 100 asked; Citizens Bank ex-dvi-
! dend, 9sis bid. 100 asked; Chatham Real
Estate and Improvement Company, 81
/
! 1913 asked; Chatham Bank, eX-div., IS bid,
! ~ asked; Savannah Construction Com
pany. 7Sls bid, Is asked; Title Guarantee
! and Loan Company rs bid. so asked.
New York, Dec 26.-Money on call was
/ easy at 1ad2 per cent; the last loan was
al IL per cent, and at the closing was
/ offered at / per cent.
Prime mercantile paper Sd4 per cent.
! Bar silver 59s4c.
Sterling. exchange strong with actual
! business in bankers bills at S4.Sl2Q4S7s4c
! for so days and s4sS13d4SSs4 for demand.
! Posted rates, $4.SSd4. S9l2.
/ Commercial bills, $i.S6Ad4.S7i4.
| Government bonds weak; state bonds
were firm; railroad bonds were weak.
! Silver at the board was quoted at 59%c
New York, Dec 26.-The treasury bal
ances were as follows: Coin, $50, 49,, 900;
| currency. s76,4170O0.
New York, Dec. 26.-The following were
| the opening quotations at the Stock EX
! change:
Chicago and Northwestern ...........14l
Norfolk and Western preferred ....... 1s
/ Western Union ACKNOWLEDGEMENTS. 669s
| Southern Railway common ........... 1884
/ Southern Railway preferred .......... S6S4
New York, Dec. 26.-Without much pres
sure to SELL the stock market to-day
Distillers, Chicago Gas and Reading
! showed firmness, Distillers rising rs 10
/ 49, Chicago Gas, IA to 721s, and Readlng,
q to 1915. The improvement in the hrst
| named vas due to rumors that the anti
administration party were buying the
/ stock in the hope of ousting the Greenhut
! crowd. Chicago Gas was strengtheneq on
| dividend talk and Reading improved on
| the announcement that the re-organiza-
| ton plan was making rapid progress.
! Subsequently, there was moderate sell
ing movement in the GrangeIs' the d;
/ Paul statement for the third week or
! December and for the month OF November
! having proven more untavorapie thaf,
/ was expected. This revived the tax ABOUT
/ the dividend and it was contended that
| unless there was a material Improvement
/ soon. stockholders would stand but
/ poor chance of getting anything st
| Paul declined to 562s; northwestern 70
/ Island to 6l1R. The Anthracite CoalerS
were also weak late in the day, Jersey
4 Central dropping from 1872 to y012; Del
/ aware and Hudson fell rs to 12312, while
Reading lost it's early gain and receded
/ to 151s615ss AS the time approaches for
! the dividend on Jersey Central, rumorS
/ about a reduction of the rate are being
! revived Atchison securities were all
/ weaker and lost 3sd13sper cent. 1t IS
| now announced that the plan Will not be
| made public before the middle of jan
| nary The Cordage stocks were the weak
est among the industrials. and the com
! mon dropped ~ to 5l2; preferred, 10 So.
| and guaranteed, 39s to 1923, on account OF
| the absence of support stop ORDERS anu
| the closing out of loan accounts for the
| drop 1t was again stated that the com
1 many has the funds necessary for its IN
! terest due Jan. /. There were moderate
| foundations in Lead, Cotton Oi! ana Bay
| Sfate Gas. and these stocks declined any
| where from 1Ss TO 2ls per cent Inc NON
| dav in London added to the preVailng
| duilness. There was no news Of special
| imDortance, except, perhaps, the ST Paul
sfatement for November Everything
| ruled a shade firmer, but there was less
| talk about gold exports. Speculation
| Closed Irregular and in the main weak
The bond market was weak: Sales OF
listed stocks aggregated 10000 shares