The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-06
Financial


Financial
Savannah, June 5.-Money Is easy.
Domestic Exchange The tone Of the mar
ket is steady Banks are buying at par and
selling at Is per cent. premium up to 5000
and lilo Of per cent for amounts OF 5000
and over.
Foreign Observation-Disclosures firm The fol
lowing are net savannah quotations: Sterling
commercial demand. IA So; sixty days,
s. 81; ninety days, s. 86h francs, Paris and
Havre, sixty days, s. IS: Swiss sixty days,
s. 1914 marks, sixty days IS 3-l6
Securities-Ihe market is quiet and not
quite so strong as Of late.
Southwestern stock and debentures are not
strong at quotations, and buyers are lower
ing their bids. Bank stocks are slow sale
City bonds are scarce
State Bonds-Georgia AZ per cent. 1915,
ll3la bid, ll5 asked; Georgia Z per cent, 1896
l07 bid, los asked; Georgia 3h per cent
long dates, 90 bid. 80 asked.
City Bonds-New savannah < per cent.
quarterly July coupons 1913 bid, 1867 asked;
new savannah 5 per cent. August coupons,
lO6 bid 1861 asked
Railroad %Bonds-Central Railroad and
Banking Company collateral, gold IS, SS bid.
9Oasked; Central consolidated mortgage 7 per
cent coupons January and July maturity
1898. ll5la bid. III asked Savannah and West
ern railroad per cent. trust certlti Gates "A
bid IS asked; Savannah, Americus and
Montgomery 6 per cent. IS bid, 80 asked;
Georgia r;ulroad per cent. 1910. 107 bid, lO8
asked; Georgia Southern and Florida first
mortgage per cent 30 bid. slis asked:
Montgomery and Eufaula first mortgage
per cent. Endorsed by Central railroad 81
bid, - asked; Augusta and Knoxville first
mortgage per cent. 81 bid, 9S1z asked Ocean
Steamship 5 per cent, due in 1920 SO asked;
Columbus and Rome first mortgage bonds,
Endorsed by Central railroad, Al bid, 43
asked; Columbus and Western 6 per
cent, guaranteed. So bid asked;
per cent, 81 bid, So asked; Savannah
and Atlantic 5 per cent, Endorsed, 80
asked; Electric railway first mortgage 6s
81 bid g. asked South Georgia and Florida
first mortgage per cent. 100 asked, South
Georgia and Florida second mortgage, l05
asked Alabama Mtdlands. IS bid. 30 asked.
Railroad Stocks-CentraI common. bid
1917 asked; Augusta and Savannah per cent.
guaranteed, 50 bid, S. asked; Georgia com
mon, IA bid, 145H asked; Southwestern
per cent. guaranteed including or
der for div. 6O3i bid, 61Ia asked; Central per
cent. certificates, with order for defaulted
interest, u bid. y asked: Atlanta and
West Point railroad stock rs bid so asked;
Atlanta and West Point 6 per cent. certiti-
Bank Stocks. Etc.-Southern Bank of the
State of Georgia. 49, bid, 165 asked; Mer-
chants National Bank. 9OH bid, 81 asked;
savannah Bank and Trust Company, 100 bid.
bid, 1872 asked; Oglethorpe Savings and Trust
Company. 100 bid. 102 asked; Citizens Bank
1929 bid, asked; Chatham Real Estate
agd RS6R @ hid 20 i od q
Chatham Bank, 80 bid, 81 asked.
Savannah Construction Company, Is bid,
S. asked; Title Guarantee and Loan Com
pany. y bid 70 asked.
New York. June ;. p. m.-Money on call
is easy at per cent. The last loan at per
cent and at the closing was offered at l per
cent
Prime mercantile paper, 1904 per cent
Sterling exchange is firm, with actual bust
ness in bankers bills alta 81. "a 814 for sixty
days and s. s3904 $50 for demand; posted
Commercial bills 81 s8H@i s3a for sixty
days.
Government bonds steady. State bonds dull.
Railroad bonds irregular.
Silver at the Stock Exchange to-day was
New York, June 5.-The following we're
the opening quotations at the Stock Exchange
today:
Erie observation-disclosures. IA
Chicagoand Northwestern. ...... ..,..... 1904
Lake Snore .......... ...,.,.. l5l
Norfolkand Western preferred ........ 2Ols
West Point Terminal .... 1ls
WesternUn1on.. ....-........ ....... 634
New York. June 5.-Yesterday's activity in
the railway list and the prominent part taken
by London in bringing about this result led
commission houses to expect an increased
businessin this class of stocks, especially as
with railroads The opening of the
market. however, quickly put an end to the
idea that the deal in the lndustr1als was over,
and that their place IN current speculation
had been usurped by the so.called standard
stocks. Sugar, which closed at l03H,
started of IL per cent. higher This
was the key note OF the day. he
jumped to the front. while the
railroad issues gave way to occupy subordl-
nate position throughout. Sugar, after the
opening sold up to l05la, receded TO lO4 .,
arose to 1855, fell to lOi2l, advanced TO 1868
and closed at 1U6A net gain of 81 per cent
for the day Chicago Gas which was next in
point of activity, figured fer $500 shares
The day ended without bringing forth any
new new reason for the advance in sugar. IL
has been contended ever since the stock has
sold IN the ueighborhood Of 80 that the sugar
refining interest would be accorded ample
by the Senate. To day a be-
lated snort interest finally came
to this conclusion and the covering their &C
count was the board room reason assigned for
the great strength Of the certificates. Chicago
q as showed fresh signs OF liquidation and
sold down 70 "A at one time closing AZ 7iss
New York Central was weaker than the other
trunk lines but the dealings 10 the stock we're
light The market left on strong for sugar
and about steady for the general list Net
changes outside Of sugar show declines 81 p
to 4 per cent The BOND fnarke 81 Iyas higher
sales OF listed stocks aggregate $500 shares
unlisted 900 shares.