The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-10-12

FINANCIAL.
Savannah, Ga, Oct. 1O-Money is steady
and in good demand.
Domestic Exchange-The tone of the
market is steady. Banks are buying at
BIS per cent. discount and selling at par
on amounts up to $500, and at 1-l6 per
cent discount on amounts over $500.
steady: The following are net Savannah
quotations: Sterling commercial demand
$S5; sixty days, $;S4l4; ninety days, $4,S4;
francs, Paris and Havre, sixty days,
S5.20s4; Swiss, sixty days, $5.22; marks,
sixty days, 947s.
Securties-The general tone of the mar
ket is quiet, with a light demand for local
securities. Quotations are nominal.
state Bonds,Georgla AZ per cent 1915,
aae Pi 6 l b5 asked i65 Ge99rga per a cent
cent long dates, 9S15 bid 9912 asked
City Bonds-New Savannah 5 per cent.
asked; new Savannah per cent. NoVem-
Der coupons, 1852 bid, - asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold IS, IS
bid, so asked; Central consolidated mort
gage, Z per cent. coupons, January and
July maturity, 1898, rs bid, - asked; Sa-
trust certificates, so bid, 81 asked; Savan-
nah, Americas and Montgomery per
cent, so bid, SO asked; Georgia railroad
per cent. 1910, 1882 bid, 40 asked; Georgia
Southern and Florida first mortgage 6
per cent, SO bid, 1912 asked; Montgomery
and Eufaula first mortgage, 6 per cent,
Endorsed by Central railroad, 100 bid, 102
asked; Augusta and Knoxville first mort
gage per cent, 80 bid, 101 asked; Ocean
Steamship per cent, due in 1920, SO bid,
81 asked; Columbus and Rome first mort
gage bonds, Endorsed by Central rail-
road, 40 bid As asked; Columbus and
Western 6 per cent, guaranteed, 100 bid,
1O2 asked City and Suburban railway
first mortgage per cent so bid SIS 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 Z per
cent, 1OS bid, - asked South Georgia and
Florida second mortgage, 107 bid - asked
Alabama Midlands, IS bid, 80 asked
Railroad StoCks-Central common, JIG
bid IS asked; Augusta and Savannah Z
Georgia common, $50 bid, - asked; South
western 7 per cent, guaranteed, includ-
trail s per cent. certificates, with order for
'defaulted interest, % bid, "a asked At
lanta and West Point railroad stock, so
bid, So asked; Atlanta and West Point
per cent. certificates, 90 bid, SO asked.
Bank Stocks, Etc.-Southern Bank of
the State OF Georgia, 164 bid, 90 - asked;
asked; Savannah Bank and Trust Com
pany, 102 bid, 103 asked National Bank of
Savannah, 1902 bid, 1872 asked; OglethorPe
Savings and Trust Company, SO bid, 100
asked; Citizens Bank, 1902 bid, 101 asked
Chatham Real Estate and improvement
Company. soy bid. 5l12 asked; Germania
Bank, As bid, 40 asked; Savannah Con
struction Company, "A bid, 20 asked;
Title Guarantee and Loan Company, 70
w London Oct. 11.-Bar silver to-day was
quoted at 20 5-16d.
New York, Oct. 11.-Money on call is
easy at / per cent. The last loan was at l
per cent, and at the closing was offered
at l per cent.
Prime mercantile paper AZ per cent.
Sterling exchange was easier, with ac-
tuaI business in bankers bills at A.Sb4
for sixty days and AM%a4Sl& for de-
DOStpd rates 81 I120L4.SSl2.
Commercial bills "a. S534 @4S6.
Government bonds were firm; State
bonds were dull. Railroad bonds were
Il silver err at the board was quiet. at 687s
bid.
New York, Oct. 1.-THE following were
the opening quotations a. the Stock Exchange
to-day:
Erie. .............."..........A
Chicago and Northwestern. 1903
N SyorT I and western preferred ....... 22z
Richmond and West Point Terminal ..., l7ss
Western Union. ......'''''...'..'.'''' e'A
Southern Railway common .....,.......... -
do do preferred ......... -
New York, oct. 11.-London was re-
sponsible for the strong opening at the
local stock exchange this morning, the
foreigners having turned purchasers of
Louisville and Nashville, st. Paul and
other of their favorites. This led TO rise
of le61 per cent. Sugar, Louisville, St
Paul. Manhattan and Missouri Pacific
were all prominent at this time. The
| chairman was followed by a selling move
nent i'm the Changers. General Electric,
Manhattan and National Cordage stocks.
The Changers were pressed for sale on
the old reports about poor earnings, some
Of the sellers predicting that st. Paul
win show a comparative falling off in
receipts for the second week Of the new
month of fully 5000. 000 The pressure re-
suited in a decline of "a to SOS in st. Paul,
Il to 5s3s in Rock Island and % 10 1l1s in
burlington. The government crop re-
| mort had no influence on the market,
as the general opinion is that the bureau
~ s,gricuIture has under-estimated both
The Weld of corn and wheat. General Elec-
tric "a n sold down to 36i5 by a well-known
hear trader Unfounded reports were put
IN circulation to the effect that the com
many was having difficulty in meeting its
6n4ncial contracts. This was pronounced
absttrd by people connected with the
| management, who also stated that the
money for the December interest deben-
tires was in hand Manhattan was forced
| down ia to 49, but closed at ll2A. In
tbe Coraage stocks liquidation continued
earI, i'm the day. and the common fell
! 10 "a and the preferred TO 10. At the de-
Zine brokers alleged to be acting for in
elders mt their common back TO 10 and
! tba nreferred to 23&. Bay state Gas ranged
bst vyeen Is and "a and closed at 26. Erie.
Telegraph and Telephone. which was
listcd Yesterday, opened ~ 50, and rose 20
t5iL Toward the close "A flrmcr tone pre-
| vailed. owing 10 the somewhat weaker
condition Of sterling exchange. The mar
net for the latter was weakened by the
aDpearance of security bills. This was
/ accepted as meaning that there would
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