The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-02
FINANCIAL.

Savannah, Dec. Money is steady
Domestic Exchange-The tone Of the
market is steady. Banks are buying at
1-l6 per cent. discount and selling at Lie to
Is per cent. premium.
Foreign Exchange-The market is
quotations: Commercial demand, S4.S7
sixty days, S4S6; ninety days, SASSY ;
francs, Paris and Harve, sixty days,
sixty days, 95fii.
Securities--Market is dull.
State Bonds-Georgia, Az per cent 1916
ia bid us asked; Georgia per cent. 1896
lO4$ bid, 1051a asked; Georgia 31s per cent
long dates. 80 bid, 991a asked.
City Bonds-New Savannah per cent
quarterly January coupons, 1852 bid, l06
asked; new Savannah 5 per cent. Febru-
airy coupons, 1852 bid, 106 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold 5s, So
bid, 50 asked Central consolidated mort
gage per cent. coupons, January and
July maturity, 1898, 1881 bid, - asked; Sa-
trust certificates. bid, Sc asked; Sa-
vannah, Americas and Montgomery per
per cent. 1910, 1881 bid, 10 asked; Georgia
Southern and Florida, first mortgage 6
per cent, Sc bid, IS asked; Montgomery
and Eufaula first mortgage 6 per cent
asked; Augusta and Knoxville first mort
gage per cent, loS bid, 1914 asked;
97lS bid $50 asked; Columbus and Rome
first mortgage bonds, Endorsed by Central
railroad, = bid, 40 asked: Columbus and
asked; City and Suburban railway first
mortgage per cent. - bid, IS asked /;
Savannah and Atlantic per cent, in
dorsed, - bid. 81 asked; Electric railway
first mortgage IS, = bid so asked; South
Georgia and Florida first mortgage Z per
cent. l0e bid asked; South Georgia
and Florida second mortgage, 105 bid, =
asked Alabama Midland, 81 bid. 80
asked; Brunswick and Western As, guar
anteed, "A asked.
171z asked; Augusta and Savannah per
gia common 1872 bid, : asked; South
ing order for div, 20 bid, n asked Cen
trail per cent. certificates, with order for
defaulted interest, = bid, 24ls asked; At
lanta and West Point railroad stock IS
bid, 81 asked; Atlanta and West Point 6
per cent. certificates So bid, "a asked.
Bank Stocks. Etc.-Southern Bank of
the State of Georgia, 1853 bid, 165 asked
Merchants National Bank, so bid, SO
asked; Savannah Bank and Trust Com
pany, 1902 bid, 103 asked; National Bank of
Savannah, 100 bid, 131 asked; Oglethorpe
Savings adm Trust Company, 9S bid, 90
asked; Citizens Bank, 101 bid, 102 asked
Chatham Real Estate and Improvement
Company, % bid, SPY asked; Germania
Bank, l6l bid, 1929 asked; Chatham Bank
4S1R bid 1872 asked; Savannah Construction
Company, 1872 bid rs asked; Title Guaran-
tee and Loan Company, rs bid, 50 asked.
London, Dec. 1.-Bar silver was quoted
at 2Si2d.
New Ork, Dec. l.--MOuey on call was
nominally 1d2 per cent.
Prime mercantile paper 4G5 per cent.
Sterling exchange is strong, with actual
business in bankers bills at S4S6l5G4. S624
for sixty days and $4S712q4.SS for demand;
posted rates $4S7GI4. SSl2.
Commercial bills $4.S5MQ4S6.
Government bonds were firm. State
bonds were dull Railroad bonds were
higher.
New York, Dec. 1.-The weekly state
ment of the associated banks shows the
following changes;
Reserve, decrease. Sl5, SOO, SUt
Loans, increase. observation-disclosures. 4o6, 200
specie, decrease, l9t05l, SUO
Legal tenders, increase. ..,.....,.... 1851, 20O
Deposits, decrease. ................ IL, 535, COG
Circulation, increase. ............... $500
The banks now hold So, 22O, 800 in excess
of the requirements of the % per cent.
rule.
Treasury balances: Coin, SIP, 7SS, 900;
currency, S65, $4,000.
New York. Dec. 1.-The following were
the opening quotations at the Stock Ex-
change:
Chicago and Northwestern. .....-...... %
Lake Shore. ....... .134lz
Norfolk and Western preferred. ;...:.. 2l9s
Richmond and West Point Terminal. los
western OnlOn... .............. %
Southern Railway common. ..-......... ia
Southern Railway preferred. ..:........ $685.
New York. Dec. 1.-lrregularlty marked
the course of prices on the stock exchange
in the initial trading, but soon afterward