The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-19


ar '-''-.''.'''-'- '''''''.-'''. .4g454c
GOOD -................ 414Q424c
Prime ......... ........ 80. ........ .5l15Ac
Head 900. Observation-Disclosures. .06c
small job lots 1s9Ac higher.
Rough-50c TO S1.25 per bushel
Financial.
Savannah, Sept. 1s.-Money is in good de-
mand.
Domestic Exchange-The tone of the mar
ket is steady. Banks are buying at 3-l6 per
cent. discount and selling at par on amounts
up to $500 and at l-l6c per cent. discount on
amounts over $780,
The following are net Savannah quotations:
Sterling, commercial demand, 81 s41a;
sixty DAYS, "a $50; ninety days, 81 s311;
francs, Paris and Havre, sixty days, IS 213s;
Swiss, sixty days. 50 229S; marks, sixty
Securities-The market is dull and irregu-
lar.
State Bonds-Georgia "a per- cent 1915,
1l2h bid, - asked; Georgia per cent. 1896,
104A bid, asked; Georgia 3A per cent e..
long dates, 1874 bid, so asked.
City Bonds-New Savannah 5 per cent.
quarterly October coupons lO5A bid, -
asked new Savannah per cent. November
coupons, 1864 bid - asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold IS, IS bid,
asked; Central consolidated mortgage z
per cent. coupons January and July maturity,
1898, III bid,-asked; Savannah and West
ern railroad per cent. trust certificates, 80
bid asked; Savannah Americas and
Montgomery per cent a. bid, = asked
Georgia railroad per cent 1910 l07 bid, -
asked; Georgia Southern and Florida first
mortgages per cent, SO bid, - asked;
Montgomery and Eufaula first mortgage
per cent. Endorsed by Central railroad, - bid,
100 asked; Augusta and Knoxville first mort
gage per cent, SO bid, asked Ocean
Steamship per cent, due in 1920. SO bid SO
asked; Columbus and Rome first mortgage
bonds, Endorsed by Central railroad - bid. Al
asked; Columbus and Western 6 per cent,
guaranteed. - bid, 100 asked; City and Sub
urban railway first mortgage Z per cent, -
bid, IS asked: Savannah and Atlantic 5 per
cent. indorsed, - bid, 80 asked; Electric rail
way first mortgage 6s, = bid, - ask ed; South
Georgia and Florida first mortgage per
cent, lOS bid, - asked; South Georgia and
Florida second mortgage, i053a bid. -
asked; Alabama Midlands, IS bid, 90 asked.
Railroad StockS-Central common l41R bid
49, asked Augusta and Savannah per cent,
guaranteed, g bid s41a asked; Georgia com
mon, $50 bid, asked Southwestern
7 per cent. guaranteed, including or
der for div, IL. bid. 7215 asked; Central 6
per cent certificates, with order for de-
faulted interest, % bid, 25 asked; Atlanta
and West Point railroad stock, so Did, -
asked; Atlanta and West Point per cent
certificates. 80 bid, 90 asked.
Bank Stocks, Etc.-Southern Bank Of the
State of Georgia, 1874 bid, - asked; Mer-
chants National Bank 90 bid, asked;
Savannah Bank and Trust Company, l02 bid
1903 asked; National Bank of Savannah, 100
bid 1872 asked Oglethorpe Savings and Trust
Company, SO bid, 100 asked; Citizens Bank
100 old, 1907 asked Chatham Real Estate
and improvement Company, so bid 81 asked;
Germania Bank. 1919 bid, lO2 asked;
Chatham Bank, An bid, 4S1a asked; Savan-
nah Construction Company, 20 bid, 70 asked;
Title Guarantee and Loan Company, - bid,
IS asked
New York, Sept. 10, 4. p. m.-Money on call
easy at l per cent The last loan at per
cent. and at the closing was offered at per
cent
Prime mercantile paper, 4944 per cent
Sterling exchange is strong; bankers
bills at "a 8554l34 $50 for sixty days and
81 500 s64 for demand; posted rates
Commercial ola bills 81 slA@4 slA for sixty
days.
Government bonds steady. State bonds dull.
Railroad bonds weaker.
81 bid
New York. Sept 1s.-The following we're
theopening quotations at the Stock Exchange
to-day:
Erie Observation-Disclosures. Observation-Disclosures. 10
Chicago and northwestern. 1881
Norfolk ana western preferred ........ %
Richmond and West Point Terminal lsB
Western Union...... .......'..'..-.'.''" sgs
Southern Railway common: .............. l3fS
do do preferred ....... O.. AZ
New York Sept 1s.-In the first hour of
trad ing at the stock Exchange to-day there
was a general disposition to sell the indus
trials and serious losses were recorded in
this group Of stocks. The pressure was great,
and the case of the Dlstilling and Cattle Feed
ing and American Sugar, the former having
dropped to and the latter to 93&, loss Of
tx aud Z respectively. The break dislodged
considerable amounts OF long stocks. stop
orders having been reached on the way down
An interesting phase Of the current specula-
lion In Whisky was the annOunt nent
of the retirement of Nelson Norris
from the directory OF the company
and the statement that he had engaged pas
SAGE for Europe The weakness Of Sugar,
according to board gossip, was not at all dis
appointing TO the insiders, in fact some OF
the traders thought they could trace the re-
cent break to Lower Wall street interests
IL was remarked that when the stock sold
below g5 in the afternoon, brokers credited
with representing the directors were buyers.
The developments in Whisky and Sugar dis
turbed the general list, and losses ranging
from / TO S per cent. followed. American
sugar fell 10 a. Chicago Gas "a TO 61A, Dis
tfliers u to 8, United states Leather pre-
ferred 10 co. Canada southern IA 70
blif. Rock Island . TO 63, Lackawanna
n 10 i72 Delaware and Hundson ~ 70 1874
General Electric "a to 37h, Reading q TO 1875,
United states Cordage "a 10 10, and western
Union q to sl9. In the afternoon room
trader end eaVpred to force the shorts 70
cover, ont aftef rally Of 4 to29< per cent,
Distilers leading. the market weakened
apain. Chicago Gas went down b4. Inc
market closed fairly steady. Net changes