The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-10-18
FINANCIAL.

savannah, Oct. 1L-MOney is steady.
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 lie per
cent. discount on amounts over $500.
Foreign EXchange-The market is
steady. The following are net Savannah
quotations: Sterling, commercial demand.
Sass francs, Paris and Havre, sixty
days $5.l9ls; Swiss, sixty days, $5.20$s /;
marks, sixty days, IS LIS.
SecuriteS-The market is quiet and
steady.
state Bonds-Georgia Al per cent. 1915,
III bid, lis asked; Georgia z per cent.
1896 lO4& bid, 1851s asked; Georgia 80 per
cent long datesy 9815 bid, 1912 asked.
City Bonds-New Savannah per cent.
quarterly January coupons, 1854 bid, -
Der coupons, 1853 bid, asked.
Railroad Bonds-Central Railroad and
bid 80 asked Central consolidated mort
gage, z per cent. coupons, January and
July maturity, 1898. lis bid, asked Sa-
vannah and Western railroad per cent
trust certificates, so bid, 81 asked; Savan-
nah, Americas and Montgomery per
cent, As bid, 50 asked; Georgia railroad
per cent. 1910, 1882 bid, 40 asked; Georgia
Southern and Florida first mortgage 6
per cent, sc bid, So asked; Montgomery
and Eufaula first mortgage per cent,
indorsed by Central railroad, 100 bid. 1O2
asked Augusta and Knoxville first mort
gage per cent, SO bid, 101 asked; Ocean
Steamship per cent, due in 1920 SO bid,
u.
gage bonds, Endorsed by Central rail-
road, 40 bid, 45 asked; Columbus and
Western per cent, guaranteed, 100 bid,
1O2 asked, City and Suburban railway
first mortgage per cent, so bid, 85 asked
Savannah and Atlantic per cent, in
dorsed, % bid, 81 asked: Electric railway
first mortgage IS, 49, bid, so asked; South
Georgia and Florida first mortgage per
cent 1OS bid, - asked; South Georgia and
Florida second mortgage, 107 bid. = asked;
Alabama Midlands, IS bid, 80 asked.
Railroad StoCkS-Central common 16
bid IS asked; Augusta and Savannah Z
per cent, guaranteed, SO bid, 50 asked;
western per cent, guaranteed, includ-
ing order for div, p bid, 72% asked; Gem
trail per cent. cerudcates, With order for
defaulted interest, % bid, "a asked; At
Ianta and West Point railroad stock, so
bid, s. asked; Atlanta and West Point
per cent certificates, 80 bid, SO asked.
Bank Stocks Etc.-Southern Bank of
the State of Georgia, 164 bid, - asked;
Merchants National Bank, 90 bid so
asked: Savannah Bank and Trust Com
pany, 1O2 bid. 1913 asked; National Bank of
Savannah, 129 bid, 1902 asked Oglethorpe
Savings and Trust Company, 98 bid, 100
asked; Citizens Bank, 1902 bid, 10l asked;
Chatham Real Estate and Improvement
Company, 50% bid, BIZ asked; Germania
Bank. 1912 bid, 1922 asked; Chatham
struction Company, "a bid, IS asked;
Title Guarantee and Loan Company Is
bid. - asked.
easy at l per cent The last loan was at
! per cent, and at the closing was Of
fered at per cent. o.,-.,
Prime mercantile paper o&4472 per
Bar silver 631ac
Mexican dollars 513sc
Sterling exchange is strong, with ac-
tual business in bankers bills at A.S6&0
4T for sixty days and $4.S7A for demand;
posted rates $4.8S@489.
Commercial bills S4.S5a4 Q4.86A.
Government bonds were firm. State
bonds were dull Railroad bonds were
i'i Silver at the board was 635sc bid.
London, oct. 17.-Bar silver was quoted
New York. oct. 1.-THE treasury bal
ances were as follows: Coin, $15, 600;
New York. Oct l7-Early developments
in the financial world rather favored
those operating for higher prices for
stocks To begin with, President Roberts
of the Pennsylvania was out with rather
cheerful interview regarding the railroad
situation: the representatives of the Vari-
ous railway associations in session at st.
Louis were said TO be more disposed to
reach an amicable settlement OF existing
difficulties, and finally, and really the
most important feature came in the shape
of a reduction i'm sterling exchange Of /
cent in the posted rates TO A.Sla4sS. The
street and by this Is meant the trading
element for the outside public, is paying
little attention to stock exchange matters,
Jumped 10 the conclusion that gold eN-
norts were out of the question Tor some
lime 10 come At once the small bears
beean to cover, and with the assistance Of
some excellent buying Of American Sugar,
nricCs moved up Aa1ia per cent. These
importan gains follow Sugar rose ! to
S75t. American Tobacco X to 98, Canada
southern "A TO 52h, Burlington and Quincy
~ 10 73ib Chicago Gas 1 20 I53s Northwest
iss TO 1914. St. Paul to GOA, Rock Island
10 to 60ss Lake Shore y 10 1854, Manhat-
tan 1at to 1924 New Jersey Central l# 70
i0Ts New York Central "a TO 995s and
Western Union IL TO S7it. The rise in sugar
was attributed 20 inside buying and tho
Improvement IN Northwest 20 covering Of
a long outstanding short interest. 81.
y8t5I