The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-14
FINANCIAL.

Savannah, Dec 13.-Money is steady.
Domestic EXchange-The tone of the
market is steady. Banks are buying at
1-l6 per cent. discount and selling at 1-16 to
X per cent. premium
Foreign Exchange-The market is
firm. The following are net Savannah
quotations. Commercial demand, Sass;
sixty days, A.S; ninety days, S4S6Ss;
francs, Paris and Harve sixty days,
5.1719; Swiss, sixty days, $51S24; marks,
sixty days, 90h.
Securlties-There is little. or nothing do
ing in the security market.
State Bonds-Georgia, AZ per cent. 1915,
1l4l2 bid, lis asked; Georgia per cent. 1896,
l0434 bid. 1851 asked; Georgia 49, per cent.
long dates, 99iR bid, 1907 asked.
City Bonds-New Savannah per cent.
quarterly January coupons, 1854 bid, 1861
asked; new savannah per cent. Febru-
airy coupons, 1861 bid, 106 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold S. IS
bid, IS asked; Central consolidated mort
July maturity, 1898. 1lsIa bid. = asked; Sa-
vannah and Western railroad per cent.
trust certificates, So bid, Sc asked; Sa-
cent. As bid. 50 asked; Georgia railroad 6
per cent, 1910, 109 bid, Ill asked; Georgia
Southern and Florida, first mortgage 6
per cent, S6ia bid. So asked; Montgomery
and Eufaula first mortgage per cent,
Endorsed by Central railroad, 104 bid los
asked; Augusta and Knoxville first mort
gage, z per cent, 103 bid, 104 asked :;
ocean Steamship 8 per cent, due 1920
97Ik bid, $50 asked: Columbus and Rome
first mortgage bonds, Endorsed by Central
railroad, - bid, 43 asked: Columbus and
Western, per cent guaranteed, 10S bid, ITO
asked City and Suburban railway first
mortgage per cent - bid, So 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. log bid, asked; South Georgia
and Florida second mortgage, 1O5 bid =
asked; Alabama Midland, IS bid, 81
asked Brunswick and Western As, guar
Railroad Stocks-Central common, Is bid,
1919 asked Augusta and Savannah per
cent guar nsl,ad' 50 bid, 50 ex-
152 bid, asked; Southwestern
per cent; guaranteed, includ-
trail per cent ceraricates. with order for
faulted interest, % bid, "a asked: At
lanta and West Point railroad stock. IS
bid. 81 asked Atlanta and West Point 6
Bank Stocks, Etc.-Southern Bank of
the State of Georgia, I6S bid, l65 asked;
asked; Savannah Bank and Trust Com
pany 104 bid, asked; National Bank of
Savannah, 100 bid. 131 asked; Oglethorpe
Savings adm Trust Company, 9S bid, 80
Chatham Real Estate and Improvement
Company, 50 bid, 521z asked; Germania
Company, 1872 bid, 70 asked; Title Guaran-
tee and Loan Company. rs bid. so asked.
ea sew ranging nUrh from to IL Der cent The
last loan was at 11a per cent. and at the
closing was offered at IL per cent
Prime mercantile paper BOA per cent.
Sferiing exchange is firm, with actual
business in bankers bills at $4.S724 G4SS for
sixty days and $4.SSAQ4Ss for demand;
Commercial bills &S7la.
Government bonds have been lower.
State bonds dull Railroad bonds strong.
Silver at the board was quoted at 6Ossc
New York Dec 13.-The treasury bal
ances were as follows: Coin, 500, 125, 600;
oT New wy York, Dec. i8.-The following were
the opening quotations at the Stock EX
change: 90,
Erie ACKNOWLEDGEMENTS. 10A
Chicago and Northwestern. 99A
Lake Shore. .l5o
Norfolk and Western preferred....... 1914
Richmond Terminal ..................... 1914
Southern Railway common. ............ ia
Southern Railway preferred............S Ila
New York, Dec. 1S.-Speculation at
the Stock Exchange was more
active and business was better, distrib-
uted than for a long time past. The sales
were 312659 shares, of which sugar hg-
ured for the enormous total of 10000
shares. The reasons advanced for the
rise from S7A yesterday to "a at the close
Today. ex-divdend of per cent, did not
satisfy the street. me pIdCtitdA uGA0elt VI
the free sugar bill and the advance in re-
fined to-day of 1-16c per pound, in the
opinion of most operators, hardly accounts
for the enhancement noted, and there is
more than a suspicion that there is big
dghf going on among the insiders. 1t viii
he remembered that President Havemeyer.
in his famous interview previous to the
declaration of the regular dividend, stated
that the trade was in poor shape ana or
dered the closing down of all the trust
reineries. Subsequently the order was
modified and later. when the directors
mel he was overruled in the matter OF the
djvidend. This, it is claimed, has created
internal dissentions and one of the biggest
hatt1es in the history of this most Phe-
nonenal stock is now going on. me
aVerage trader is not disposed to touch
the stock. and the giants Of the sugar
| trade have things to themselves. Inc ouI-
come II is needless to add, is awaited with
| the greatest interest. The street mas come
| 70 the conclusion that the senate VIII
poss the Patterson pooling bill, and that,
too at an early date. The impression also
nyevaiIs that the Rock Island directors,
Who are to meet shortly, VIII see ther
v,av clear to declare the usual dlVldehu.
/ EuY+hernnore earnings this month, az
least are likely to make good showing
! as compared with the corresponding Pc
| ROD last year. Matters just reterred 70
| caused a complete change or sentiment
and there was good buying for accounts