The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-11
FINANCIAL.

Foreign EXchange-The market Is
very nrm. The following are net Savannah
quotations.; Commercial demand S4S7:
SKY DAYS, S4.s6; ninety days, S4S57s
II , Paris and Harve, sixty DAYS
S2,ls1s; swiss, sixty days. $5.192s; marks,
very quiet and dull 0--e'
state Bonds-Georgfa. az per cent 1915
1l4l2 bid. 115 asked; Georgia per cent 1S0S'
lO49s bid, 1855 asked: Georgia 81 per cent
long dates, 1914 bid 1894 asked.
CITY Bonds-New Savannah per cent
quarterly January coupons, 1853, bid 1867
asked; new savannah per cent. Febru-
airy coupons, 1854 bid, 1864 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral gold rs So
bid, 80 asked; Central consolidated mort
gage Z per cent. coupons. January and
vannah and Western railroad per cent
trust certificates. bid, Sc asked. So
vannah, Americas and Montgomery 6 Der
cent, 4S bid, 80 asked; Georgia railroad 6
per cent, 1910, l09 bid. Ill asked: Georgia
southern and Florida, first MORTGAGE 6
per cent, S5l2 bid. 81 asked; Montgomery
ana Eutaula first mortgage 8 per cent
lndorsed by Central railroad. 1Ofi5 bid. 1851
asked; Augusta and Knoxville first mort
gage, per cent, lO3 bid. lO4 asked:
s71s bid, $50 asked; Columbus and Rome
first mortgage bonds, indorsed nv Cantrai
railroad, - bid, 43 asked: Columbus and
western, per cent, guaranteed, ITO bid
asked; City and Suburban railway first
mortgage Z per cent. bid IS asked.
savannah ana AtldnIlC per cent
dorsed, = bid, 81 asked; Electric railway
first mortgage 6s, - bid, 60 asked: South
Georgia and Florida first mortgage per
cent, log bid, asked: South Ssoo-R ~
and Florida second mortgage lO5 hid
asked; Alabama Midland 81 hid on
asked; Brunswick and Western as suar.
anteed, "A asked.
Railroad Stocks-Central common. X bid
l612 asked Augusta and Savannah per
cent, guaranteed, bid, So ex-
dividend asked Georgia common
I
per cent. guaranteeed9 hW ies5t,G
ing. order for div, Il bid, Is asked. cen-
tI Issl per cent. certificates, with order for
lanta and West Point railroad stoct q
bid, 81 asked; Atlanta and West Point q
PEI BANK ' s fer[ica Efs - BID "a asked
the state of Georgia, 1913 bid, 165 asked
Merchants National Bank, 80 bid. az
asked; savannah Bank and Trust Com
Savannah 100 bid, lS1 asked: Oeiefb6rnOaa
Savings adm Trust Company, So bid. q9
asked; Citizens Bank, 1917 bid 102ib ST. a.
Chatham Real Estate and Iinpr6Sv ,srneu,
company % bid, 52ls asked; Germania
Bank, 10 bid, lO25s asked; Chatham Bank
5s52 Dld. avg asked savannah Construction
company 1872 BID, 70 asked; Title Guaran-
tee and Loan Company, rs bid, 50 asked.
New ork, Dec. 10.-Money on call 1G11b.
offered.
Prime mercantile paper Sa4 per cent.
Sterling exchange is strong, with actual
business IN bankers at %.87l2d4S7& for
sixty days, and $i.SS94 G4.S9 for demand.
Posted rates $4.S9Q490.
Commercial bills $4S62464S7H
Government bonds steady state bonds
dull; railroad bonds firm
Silver at the board was quiet.
New York, Dec. l0.-The treasury bal
ances to-day were: Coin, S1O3, 1888 900; cur
rency, 81 1874, 900.
New York, Dec 1O-The following were
the opening quotations at the Stock Elk
change:
Erie Observation-Disclosures, 1O3s
Chicago and Northwestern ........... 9SH
Norfolk and Western preferred 80. 2Oh
Richmond Terminal ..................... 16L
Western Union .........................S S4
Southern Railway common ........... liz
Souther Railway preferred ............ 371R
New York, Dec. 10.-The stock market
opened weak and lower London prices
and selling for foreign account caused
the weakness, and the tendency continued
downward to the close Sugar presented
a firm front for a time, block of stock
having been taken by brokers generally
credited with representing inside inter
ests. The rumors that Standard Oil peo-
pie had secured control were not credited,
but it was generally believed that parties
identified with the Standard have ac
quired big line of the stock. AS the day
wore along the price weakened to 90%,
from SO earlier in the session, the decline
being due to the cut in the price of re-
fined of 4 of a cent per pound in all grades
except cut, crushed and dominOs, which
were reduced sc per pound. To-day's cut
by the trust was a surprise to the out
side refners, who claim there is no profit
in refining at the figures now being quo
ted. The general list was adversely af-
fected by the further rise in sterling eX-
change, posted rates having been ad-
vanced to $4.S9GS4.90 1t is expected that
some round amounts of gold will be for
warded to Europe at the end of the week.
Erie was notably weak and fell to 95s, on
reports that the stockholders will be as
sessed $40, and probably $40 in order to
take up the standing debt. The Changers
were weaker on rumors that the St. Paul
dividend will be passed altogether, and the
Rock Island reduced to Is per cent for the
quarter. The Anthracite Coalers were
notably heavy and broke p to 21a per
cent Lake Shore sold down rs to 194al.
In the closing trading Sugar was weak
and the general market steady. Net
changes show losses of a to rs per cent.
Consolidated Gas rose 12s to 129, and La
clede Gas preferred 3 to S1la. The sales
were 242O 900 shares, of which 1877, 100 were
Sugar and Is, 100 st Paul and 10,500 Erie.
The bond market was higher. Sales of
listed stocks. 200 shares; unlisted, H.
The quotations at the closing were as fol-
American Cotton Oil. q; do preferred,
9Sl%: American Tobacco, esq., do preferred,
1O5; Atkinson, Topeka and santa
Fe, AZ; Baltimore and Ohio, 6612;
Canada Pacific, $50; Chesapeake and Ohio,
f7s4; Chicago and Alton, 1859; Chicago,
Burlington and Quincy, ia; Chicago Gas,
n.y.: Delaware, Lackawanna and Western,
1851: Distillers and Cattle Feeders, ga;
Fast Tennessee, -; do preferred, =; Erie,
81: do preferred, %; Edison General Elec-
trio, S47s; Illinois Central SS1A; Lake Erie
and Western, 16; do preferred, 7O!2; Lake
shore 1341b; Louisville and Nashville, 53ss;
Huntsville and n. A, 6; Manhattan, 1852;
Memphis and Charleston, 10; Michigan
Central. 80; Missouri PACIFIC, ISIS; Mo
lille and Ohio, 15&t; Nashville, Chattanooga
aud ST Louis Co. United States Cordage,
az. do preferred 1874; New Jersey Central,
91% New York Central 80; New YORK ana
n I, 3D.; Norfolk and Western preferred,
1e3. Northern Pacific, AS; do preferred II;
Northvvestern 97ss; do preferred, l4g; "a
cific Mail. %: Reading, 145s; RICHMOND Ter
minal 1911: Rock Island, 6l%; ST. Paul
5SiL. do preferred, 119; Silver Certificates
S3l5: tennessee Coal and Iron, l6; do pre-
9 Sarrad 70 asked; Texas Pacific, 95s; Union
I Pac;6c iii; wabash, st. L. and P. 6l4
40 nreferred Il; Western Union, 81;
Wbeeling and L. e., 1o%4; do preferred; ~,
Southern Railway As, SO; do common u12'
DO Sl prele Bonds|Alabama A, 10S2s; do B.
1oS. 40 G. 921b; Louisiana Stamped as lVy'
No, ~ Carolina As. 101 do IS, l24; south
Seroiina is. 1O2; Tennessee, olds, 81 bid;
So new set IS, -; do new set 0s, =; 90 90 new new
ee+ &c 20: Virginia IS preferred, "a DO
trust Receipts, s; do Funding Dept oV1s.
Gnvernment Bonds-United STATES Is,
aooSstered i1415; do As, coupons, ll5A; DO