The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-10-19
FINANCIAL.

FINANCIAL.
Savannah, Oct. 1S-Money is steady.
Domestic Exchange-The tone of the
market is steady. Banks are buying at
3-l6 per cent. discount and selling al par
on amounts up to $500 and at 1-16 per
cent. discount on amounts over $500.
Foreign EXchange-The market is very
steady. The following are net Savannah
quotations; Sterling commercial demand,
5 s francs uaT Paris and H Hney s sxt1
days So 1875; Swiss, sixty days, $5.203s;
marks, sixty days, IS lis.
Securities-The market is quiet and
steady.
state Bonds-Georgia AZ per cent. 1915,
IL bid. 1l5 asked Georgia 7 per cent.
1896 l04A bid, 1852 asked; Georgia 49, per
cent long dates, 9S1a bid, 1872 asked.
City Bonds-New Savannah 5 per cent.
quarterly January coupons. 106 bid,
asked; new Savannah per cent Novem-
Der coupons, 1862 bid, 107 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold 5s, So
bid, 80 asked; Central consolidated mort
gage, per cent. coupons, January and
July maturity, 1898, 11S bid - asked; Sa-
Vannah and Western railroad per cent.
trust certificates, so bid, 81 asked; Savan-
nah, AmeriCus and Montgomery per
cent, As bid, 80 asked; Georgia railroad
per cent. 1910, 1081s bid, 10 asked; Georgia
Southern and Florida first mortgage 6
per cent, Sc bid, IS asked Montgomery
and Eufaula first mortgage. 6 per cent,
Endorsed by Central railroad, 100 bid, 1O2
asked; Augusta and Knoxville first mort
gage per cent, 80 bid, 101 asked; Ocean
Steamship per cent, due in 1920, So bid,
81 asked; Columbus and Rome first mort
gage bonds, Endorsed by Central rail-
road, 40 bid 45 asked Columbus and
1902 asked: City and Suburban railway
first mortgage Z per cent, 80 bid IS asked;
Savannah and Atlantic 5 per cent, in
dorsed, % bid, 81 asked; Electric railway
first mortgage IS, = bid, 60 asked; South
Georgia and Florida first mortgage per
cent los bid - asked; South Georgia and
107 hid cd
Alabama Midlands, SO bid, 81 asked.
Railroad StoCks-Central common, 16
bid, IS asked; Augusta and Savannah
per cent, guaranteed, SO bid, So asked;
Georgia. common, $50 bid, - asked; South
western z per cent, guaranteed, inClud-
ing order for div, ny bid, 721s asked; Cen
trail per cent. certificates, with order for
defaulted interest, % bid, "a asked; At
Ianta and West Point railroad stock, 81
per cent. certificates, 80 bid SO asked
Bank Stocks, Etc.-Southern Bank of
the State of Georgia, 16S bid, 165 asked;
asked; Savannah Bank and Trust Com
pany, 102 bid, 103 asked; National Bank of
savannah, 1923 bid, 1907 asked; Oglethorpe
Savings and Trust Company, 9S bid, 100
asked; Citizens Bank, 1O01s bid, 1917 asked;
Chatham Real Estate and Improvement
E Bank' iol1 II bid 1927 asked; Chatham
Bank, 4S14 bid, 40 asked; Savannah Con
struction Company. "a bid, IS asked;
Title Guarantee and Loan Company, rs
New York. Oct. 1S.-Money on call is
easy at 1 per cent The last loan was at
! per cent, and at the closing was Of
fered at per cent.
Prime mercantile paper 894q41a per
cent.
Mexican dollars 5lAc.
Sterling exchange is strong, with ac-
tual business in bankers bills at A.S6A@
4T for sixty days and A.Ss4 for demand;
posted rates S4S712q4.SS12.
Commercial bills $4.S512d4S6h.
Government bonds were steady. State
bonds were dull Railroad bonds were
Silver at the board was quiet
London, Oct: 1S.-Bar silver to-day was
New New York, Oct. 1s.-The treasury bal
ances were as follows: Coin, S5,Sl2, 900;
New York TX Oct, i8.-The following were
the opening quotations at the Stock Ex-
| change to-day;
Chicago and Northwestern. ............ .1O4
Lake Shore ...........: .I3512
Norfolk and Western preferred. ...;.. 22la
| Richmond and West Point Terminal. 17l2
| Western Union. .........................S 73A
| Southern Railway common............. 1895
Southern Railway preferred. .........;. AZ
New York Oct. 18.-At the stock eX-
| change to-day only 125, 100 shares were
| traded in, and of this total four stocks,
| American sugar, General Electric, St.
| PaWl and Chicago Gas figured for 81. 500
| shares. Speculation outside Of the issues
| named was devoid of feature and bulls
ana pears dllkt were BGiuOdllIB llt ulE-
! rowness of the market. 1t is utterly inn
! possible for the big traders to turn around.
| and the leaders as a rule have abandoned
| the field to the small traders, who are
! doing their level best to capture eighths
and quarters, but so far without material
| success. The features of to-day's limited
| speculatiOn were Sugar and General Elec-
| trio: the first named advanced q TO 81,
| fell to S75s and rose to S7A The decline
! brought in fresh orders for lower Wall
STREET account. General Electric was
/ heavy throughout and broke from 3594 TO
! 933, on sales of 80, 200 shares An impress
! sion prevails in some quarters that the
/ recent decline has been due to the mar
| keting of long stock and that the property
| is not in as good shape as its friends
| would have the Street believe. At any
| rate the recent selling by "a pronounced
! hear IS not said TO be all short stock by
| any means Chicago Gas was firm and
| the shorts were picking up the stock at
| Concessions. So far as the general list is
| concerned, variations were confined with
! i'm harrow limits and but little attention
! was paid to the fluctuations. London sold
/ a little stock at the opening which was
| taken by local shorts. The recovery In
! Sterling Exchange and the resumption OF
| diVidend payments by the Nashville, Chat
! tanooga and St Louis. did not affect
| snecufation in the slightest degree. The
/ market closed steady and isml per cent.
| bigber the latter In Sugar, st. Paul, Mis-
| aoi,ri Pacific, Louisville. Lake Shore and
| Manhattan. the last = TO y per cent, and
| General Electric u per cent. United
s,rsferred /, TO 94l4 Baltimore and Ohio
recovered ~ to TO- The bond market was
| u .Rho quotations al the closing were az