The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-21
FINANCIAL.

Savannah, Dec. 20.-Nloney is steady.
Domestic ENchange-The tone of the
market Is steady. Banks are buying at
l-l6 per cent. discount and selling at 1-l6
10 Is per cent. premium.
Foreign Exchange-The market is
steady. The following are net Savannah
quotations.: Commercial demand SASS:
sixty days, A.S7; ninety days %S69s; francs
Paris and HaVre, sixty days. S5.17ia:
Swiss sixty days, $5lS34; marks, sixty
securities-The market is very dull;
nothing doing, excepting peddling trade.
State Bonds-Georgi.. Az per cent 1915
114l2 bid. lis asked: Georgia per cent. 1856.
lO4a4 bid, 1852 asked; Georgia 3i2 per cent,
long dates, 1914 bid, 1901. asked.
city Bonds-New Savannah 3 per cent.
quarterly January coupons. 1864 bid, 1854
asked; new Savannah per cent. Febru-
airy coupons, 1852 bid, 100 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral gold 5s, IS
bid, IS asked; Central consolidated mort
gage per cent. coupons, January and
July maturity. 1898. 1852 bid. - asked: Sa-
vannah and Western railroad per cent
trust certificates, 80 bid. IS asked; Sa-
vannah. Americas and Montgomery 8 per
cent. 80 bid 81 asked Georgia railroad
per cent, 1910, 10 bid, III asked; Georgia
Southern and FLORIDA. first mortgage 6
per cent, S6i2 bid, 8li2 asked; Montgomery
and Eufaula first mortgage per cent,
indorsed by Central railroad, 10S bid, 10i
asked; Augusta and Knoxville first mort
gage per cent. l03 bid, 104 asked; Ocean
Steamship per cent, due 1920, 97i2 bid
9Sl5 asked; Columbus and Rome first
mortgage bonds, Endorsed by Central rail-
road - bid, 43 asked; Columbus and
Western, per cent, guaranteed. los bid
10 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 6s. - bid, 50 asked; South
Georgia and Florida first mortgage per
cent, 106 bid, - asked South Georgia and
Florida second mortgage, 105 bid. 49, asked;
Alabama Midland, IS bid, 81 asked; Bruins
wick and Western As, guaranteed, 70
asked.
bid, II asked; Augusta and Savannah
per cent. guaranteed, 80 bid, % eN-diVi-
dend asked; Georgia common. l52 bid, 49,
asked: Southwestern Z per cent guaran-
teed, including order for div, bid II
asked; Central per cent. certificates,
with order for defauted interest, 22l2 bid,
2312 asked; Atlanta and West Point rail-
road stock, S. bid, 81 asked; Atlanta and
West Point per cent certificates, 81 bid,
Bank Stocks. Etc.-southern Bank Of
the State of Georgia, 163 bid, 165 asked;
Merchants National Bank, 90 bid 80
asked; Savannah Bank and Trust Com
pany, ex-div., 1O2 bid, = asked; National
| Bank of Savannah, 1870 bid, 131 asked;
| Oglethorpe Savings and Trust Company,
9S bid, 80 asked; Citizens Bank eX-divi-
dend, 9Si2 bid, 100 asked; Chatham Real
Estate and Improvement Company 81
bid, 52ja asked; Germania bank 1919 bid,
1922 asked; Chatham Bank ex-div., As bid,
40 asked; Savannah Construction Com
pany, 1872 bid, IS asked Title Guarantee
and Loan Company, IS bid, so asked.
London, Dec 20 Bar silver was quoted
Ney York. Dec. 2O-Money on call was
firm at 1ia02 per cent; the last loan was
at IL per cent. and at the closing was
offered at IL per cent.
Prime mercantile paper Sa4 per cent.
Bar silver, 60S4c.
Sterling exchange was quiet with act
ual business in bankers bills at &.S12Q
4.S72l for sixty days, and S4.SS12Q4SS%l for
Posted rates, $4.SSIka4. S91a.
Commercial bills, S4.S5a4 d4S64.
Government bonds lower; state bonds
active: railroad bonds weak.
Silver at the board was $3.50 bid.
New York, Dec. 20.-The treasury bal
ances were as follows: Coin, $S4,3SQ,O 900;
currency, $I7O4O,OO0,
the opening quotations at the Stock Ex-
change:
Chicago and Northwestern ............ 973s
Norfolk and Western preferred ........ 1914
Richmond Terminal NEUTRALITY-SUSPICIOUS.. 15l2
Western Union ACKNOWLEDGEMENTS. BIS
Southern Railway common ............ lis
Southern Railway preferred .......... oT4
New York, Dec. 2O.-Business was more
active at the stock exchange to-day. The
sales aggregated $4,000 shares. The IN
crease, however. was due only to the re-
Vival of speculation in Sugar the sales
of the stock alone having amounted to
50 900 shares At the start the stock was
was the result of Washington advices that
the efforts making to take away the diff
ferential duty now endorsed by rehners
will be successful. At the last decline the
buying orders were executed by firms with
inside connections and the stock jumped to
907s and closed at 80. In the other Indus
trials, rubber was strong, Consolidated
Gas and Chicago Gas erratlc and Cordage
weak Consolidated Gas jumped to 1852
on the reiteration of the stories current
for some days past that the company had
secured control of the East River Gas
concern. Insiders refused to either con-
firm or deny the story Late in the day
tions Chicago Gas moved up to ia, ana
for time displayed great strength. Near
the close the stock dropped 10 as on the
revival of the reports about reduction
in the din idend. Rubber sold up 2la 10 f412
on reports Of good earnings and the IKE
lihood of & dividend on the STOCK IN me
early future Cordage dropped to 612 for
the common and to II for the preferred.
Notwithstanding the official announce
ment that the interest money on the oohos
due Jan. ] is in bank. me declaration OF
the regular dividends on the Nanderolits,
induced covering of short contracts IN
Lake Shore and the stock moved up to
13S on light transactions. No extra pay
ments were ordered, as in 1898. When mold
ers of Michigan Central ana canada
Southern received ~ ana p per celi1. re-
spectively, in addition TO the regular
and IL per cent. The railway list yielded
Il to q per cent, but when Lake Shore
rose 10 199 there was an Improvement OF
Il to 49, per cent, Reading eelnS most
prominent in the recovery. Speculation
left off steady to firm, except for Chicago
Gas, which was weak. Net changes show
gains of Il to 134 per cent. chicago Gas
lost s. per cent on the day. In the mac
tive list, Rubber gained ~, Consolidated
Gas 1% and Pittsburg, and western pre-
ferred - to 3412 for the day. The BOND
market was irregular The sales of listed
stocks aggregated $4,000 shares; unlisted,
'0' The quotations at the closing were as
| follows: - 80, .,
69i5; Sugar Refinery. S97s' do preferred.
| Atchison. Topeka and Santa Fe, AZ; Eal-
timore and Ohio, 6Sis; Canada Pacllici
| 594; Chesapeake and Ohio, l59s; chicago ana
| Alton. 146; Chicago, Burlington and Quin-
| cv' ia: Chicago Gas, 711s; Delaware
| Tackawanna and Western, 165; DistHers,
| and Cattle Feeders, 9; Erie, los; 30 prefer
| ia; 353s H.