The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-12
stock on HAND and on ship
FINANCIAL.

FINANCIAL.
Savannah, Dec. 11.-Money is steady.
Domestic Exchange-The tone of the
! market is steady. Banks are buying at
i-l6 per cent. discount and selling at Lie to
- per cent. premium.
Foreign EXchange-The market is
nrm. The following are net Savannah
quotations: Commercial demand, Sass;
francs Paris and Harve. sixty DAYS,
$517la; Swiss, sixty days, S51s24; marks
Securities-The market is a waiting one;
very quiet and dull and rather inclined to
| lower prices.
State Bonds-Georgfa, az per cent. 1915
l04S4 bid. 1851 asked; Georgia 315 per cent
long dates, 1914 bid. 100 asked.
City Bonds-New Savannah 5 per cent
quarterly January coupons, 1861 bid 1861
asked; new savannah per cent Febru-
airy coupons, 1854 bid. 1864 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold IS, IS
bid, IS asked; Central consolidated mort
gage Z per. cent: coupons, January and
vannah and Western railroad per cent
trust certificates bid, Sc asked; Sa-
vannah, Americas and Montgomery 6 per
cent, As bid 50 asked; Georgia railroad
per cent, 1870 109 bid, Ill asked; Georgia
Southern and Florida, first mortgage
per cent, S51s bid, 81 asked; Montgomery
and Eufaula first mortgage per cent,
Endorsed by Central railroad, 1912 bid, 1882
asked Augusta and Knoxville first mort
gage, Z per cent, 103 bid, 104 asked;
Ocean Steamship per cent. due 1920
| 97la bid, 9Sls asked; Columbus and Rome
first mortgage bonds, Endorsed by Central
railroad, = bid 43 asked; Columbus and
Western, per cent guaranteed, 40 bid 112
asked; City and Suburban railway hrst
mortgage z per cent. - bid, IS asked;
Savannah and Atlantic 5 per cent in
dorsed, = bid 81 asked; Electric railway
first mortgage 6s, - bid, 50 asked South
Georgia and Florida first mortgage per
cent, log bid, asked; South Georgia
and Florida second mortgage, lO5 bid, -
asked; Alabama Midland, 81 bid. 90
asked; Brunswick and Western As, guar
Railroad stocks--central common, Is bid.
1872 asked; Augusta and Savannah per
dfTidend sua asFed Georgl5sid So ex
152 bid, asked; Southwestern
per cent. guaranteed includ-
ing, order for. div. q bid. 70 asked; Cen
faulted interest. % bid. "a asked; AT
lanta and West Point railroad stock, S.
bid, 81 asked; AtIanta and West Point
Bank Stocks, Etc.-Southern Bank of
the State of Georgia. 1SS bid. 165 asked;
asked; Savannah Bank and Trust Com
pany, 104 bid, asked; National Bank of
Savannah, 100 bid. 131 asked; Oglethorpe
Savings adm Trust Company, 9S bid, 90
asked; Citizens Bank, 1011a bid, 1922 asked:
Chatham Real Estate and Improvement
Company, 50 bid, 521s asked; Germania
1872 bid, 5015 asked; Savannah Construction
Company, 1872 bid, 70 asked; Title Guaran-
tee and Loan Company. rs bid, so asked.
London, Dec. 1.-Bar silver was quoted
New York, Dec. 11.-Money on call was
little more active, ranging from l to
per cent. The last loan was at ~ per cent,
and at the closing was offered at ~ per
cent.
Prime mercantile paper SG4 per cent.
Sterling exchange is firm, with actual
business in bankers bills at S4.S74d4.8S for
| sixty days and s4.Ss4Q4.S9 for demand;
posted rates S4.S9G4.90
Commercial bills $4.S715.
Government bonds were steady. State
bonds were dull. Railroad bonds were
| lower.
silver at the board was quoted at Gle
New York, Dec 1.-THE treasury bal
ances were as follows Coin, O2125,c00;
| currency, $72, 2S2, 600
New York. Dec. 1.-THE following were
the opening quotations at the Stock Ex-
change:
Chicago and Northwestern...... 971A
Norfolk and Western preferred. ... 1874
Richmond Terminal Observation-Disclosures. 1914
Western Union ACKNOWLEDGEMENTS. 8SA
Southern Railway common. ............. ia
Southern Railway preferred. ........... 1854
New York, Dec u.-Stocks opened firm,
the DreXel- Morgan circular on Erie mat
tiers not having borne out the statements
made yesterday about heavy assess
ment on the common stock of that road
In addition a number of roads reported
their earnings for the first week of De-
cember and, as a rule, they were favor
able. The loss in earnings of the st. Paul
for the same week were slightly under
$3S, 900, making the best weekly return is
sued by the company for long time. The
Improvement at the start was equal to
ls0I7s but it was soon lost, owing to
raid on Manhattan, which carried that
stock down to 1895. Louisville and Nash
Vile also displayed weakness and fell to
So The drive at Manhattan was based on
| tended to reduce the dividend rate. When
it was announced. However, that the regu-
| lar rate had been declared and that the
| company had earned its full per cent,
| after allowing for the disputed tax claim
| of $3.50. OO0 the stock quickly rose to 105iaG
| 1861 Sugar was less active, only 4S16
| shares changing hands, against 1871, 100
| shares yesterday. The price ranged be-
! tween 9014 and 915s and closed at 91A-a
| gain of u per cent. for the day. The rail
| way list developed strength in the last
| ho1ir of business, on Washington advices
| that the House had taken up the Patter
| son amendment permitting pooling. This
| resulted in rise of Il TO q per cent In
| the Coalers, Lackawanna rallied "a to
| 1901: New Jersey Central 15s to 9312:
| Delaware and Hudson q to 1855, and
| Reading 81 to Is. Among the specialities
| consolidated Gas rose H. to 1907: Laclede
| Gas 17k to q; do preferred IL to S234 Edi-
son Illuminating Of o Bsrooklyn 81 to ll1s.
| weak and lower, the common falling rs
| 70 25Ib. and the preferred to SO. The mar
| ket closed hrm. Net cnanses snoW SdlhS
| of Il to g per cent. on the active list and
| 16TSi5 per cent. in the specialities. Trad
| inc was smaller than for long time past.
| Sterling exchange continues strong and
| nc General expectation is that gold will
| he shipped by Saturdays European steam
| ers Estimates vary from 49, 900 to
| s5 900 900. Up to the close of business at
| tbe stock exchange however, no gold had
| heen actually engaged The street mani
| tested uncommon interest in the Patter-
| son pooling bills and a number of brok-
| &c II is believed were found in the offices
| ~ firms with Washin gton wires, long
| -. h,,sfnees hours The bond market