The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-07
FINANCIAL.

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
quotations: Commercial demand, $4s7;
sixty days, $780, ninety days, S4S55k:
francs, Paris and Harve, sixty days,
s51Slsi Swiss, sixty days. $5.199s; marks,
securities-The market is quiet. with
some speculative demand for Southwest
ern sales at 71la.
State Bonds-Georgia AZ per cent. 1915.
114lz bid, lis asked; Georgia per cent. 1896,
104% bid, 1852 asked; Georgia 315 per cent
long dates, 1914 bid, 1884 asked.
City Bonds-New Savannah per cent.
quarterly January coupons, 1854 bid, 1861
asked; new savannah per cent Febru-
airy coupons. 1857 bid, 1853 asked
Railroad Bonds-Central Railroad and
Banking Company collateral, gold SIS, So
bid. 50 asked; Central consolidated mort
gage per cent. coupons, January and
vannah and Western railroad 8 per cent
trust certificates. bid, 56 asked; Sa-
cent. As bid. so asked; Georgia railroad
per cent. 1910, 1857 bid, 10 asked; Georgia
Southern and Florida, first mortgage 6
per cent, Sc bid, So asked; Montgomery
and Eufaula first mortgage 6 per cent.
indorsed by Central railroad, 105 bid. los
asked; Augusta and Knoxville first mort
gage per cent, 1882 bid, 1041a asked:
ocean Steamship per cent, due 1920,
971b bid, 9S1a asked; Columbus and Rome
first mortgage bonds, Endorsed by Central
railroad, bid, 43 asked; Columbus and
Western, 6 per cent, guaranteed 10 bid
asked; City and Suburban railway first
mortgage Z per cent. - bid, So asked;
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, los bid, -
asked; Alabama Midland 81 bid. 90
asked; Brunswick and Western As. guar
Railroad Stocks-Central common. Is bid.
1711 asked; Augusta and Savannah per
dIiSyide99SS, asked s,, G%eorgis common,
7 per cent; guaranteed. includ-
ing order for div, u bid, Y asked; Cen
lanta and West Point railroad stock. S.
bid, 81 asked; Atlanta and West Point
Bank Stocks, Etc.-Southern Bank of
the State of Georgia, l6S bid, 165 asked;
Merchants National Bank, 80 bid, 50
pany, 103 bid, - asked; National Bank of
Savannah, 100 bid. 131 asked Oglethorpe
Savings adm Trust Company, IS bid, 80
Chatham Real Estate and Improvement
Company, 50 bid, 52A asked; Germania
Bank, 101 bid, 1927 asked; Chatham Bank
Company, 1872 bid, 70 asked; Title Guaran-
tee and Loan Company. rs bid, 80 asked.
London, Dec. 6.-Bar silver was quoted
New York. Dec. 6.-Money on call was
easy at 1611% per cent; the last loan was
at per cent. and at the closing was Of
ferred at ! per cent.
Prime mercantile paper 3a4 per cent.
Sterling exchange firm with actual bus
mess in bankers bills at S4.S7 for sixty
days, and SASSY for demand.
Posted rates S4.S712G4.S9.
Commercial bills $4.S6A@4S61s.
Government bonds were steady; state
bonds were dull; railroad bonds were
silver at the board was Gle bid.
New York, Dec. 6.-Treasury balances,
coin S10S 227 900; currency, $50 GA, 900.
New York, Dec 6.-The following. were
the opening quotations at the Stock EX-
change 49,
Chicago and Northwestern. ............. 973s
Lake Lake. Sho ore Western preferred S6H
Richmond and West Point Terminal. 1914
Western Union ..t...................... Sl12
Southern Railway common :........... 119s
Southern Railway PreTeTred ctio,, of rs rs
American Sugar Refining Company dtrec-
tors at the meeting yesterday in declaring
the regular dividend on the common stock
Notwithstanding the gloomy statement of
the president of the company, and the
condition of the refining industry, led to
a rush to cover snort contracts at In, me
opening of business this morning. The
Stock. which closed at SS7s, opened any
where from 1914 to go; 5000 shares having
hanged hands almost instantly with the
drop of the chairman's gavel. The ad-
vance led to heavy sales and the pressure
If long stock finally forced the price back
20 s6ss SS6s. This selling was based on the
idea that the statement to be given by
the insiders, as to the workings OF the
Wilson tariff law, would be OF decided
haarish nature. The transaction in the
Stock aggregated 155, 200 shares. making the
total sales thus far this weski 4,OOO
shares Reading was decidedly, weaker
snd declined / to 11415. The bonds fell u
70 III per cent Rumors were current to
The effect that the Earle-Olcott combina-
tion had run against a snag. This, how
yer was denied by Philadelphia people
Interested in the scheme. The Rice FAC
lion have called a public meeting OF the
secirify holders in this city next week
The Farle-Olcott committee are scheduled