The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-12-28
FINANCIAL.

I
! Savannah, Dec. 27.-Money is steady.
domestic EXchange-Ths tone of the
market is steady Banks are buying at
/ lie per cent. discount and selling at 1-l6
/ 10 Is per cent premium.
Foreign Exchange-The market is
/ steady. The following are net Savannah
/ quotations: Commercial demand, S4S73t (;
I sixty DAYS, A.S634; ninety days. $lS6as;
| francs, Paris and HaYre, sixty DAYS
| $?9.lS2; Swiss, sixty days. $5.l9a4; marks
/ sixty days, IS Lilo.
/ Secuiities-The market is very dull.
State Bonds-Georgia az per cent 1915,
| 1l49 bid, 1l5i2 asked; Georgia per cent
| 1895, 1g4Ss bid. 105la asked: Georgia 315 per
| cent, long dates 100 bid 10l asked.
City bonds-New Savannah . per cent
/ quarterly January coupons 100 bid, 1861
asked; new Savannah 5 per cent Febru-
/ airy coupons, 1854 bid, 1854 asked.
/ dend, 80 bid. 100 asked; Chatham Real
/ Railroad Bonds-Central Railroad and
( Banking Company collateral gold 5s. So
bid 30 asked; Central consolidated mort
/ gage per cent coupons, January and
/ July maturity, 1898 ISL bid, - asked; Sa-
! vannah and Western railroad 8 per cent
trust certificates, So bio, 50 asked; Sa-
vannah Americas and Montgomery per
| cent, 50l2 bid, 5l12 asked Georgia railroad
! per cent, 1910, 10 bid, III asked; Georgia
! Southern and Florida, first mortgage 6
! per cent, S6ls bid. S7l2 asked; Montgomery
| and Eufaula first mortgage q per cent,
! indorsed by Central railroad. 103 bid, 104
| asked; Augusta and Knoxville first mort
! gage per cent, 103 bid. 1q asked; Ocean
]
/ 9S1s asked; Columbus and Rome first
| mortgage bonds, Endorsed by Central rail-
road, bid, 43 asked; Columbus and
/ Western, per cent, guaranteed, Jos bid
! 10 asked City and Suburban railway first
\ mortgage Z per cent, bid, IS asked I;
/ Savannah and Atlantic > per cent, in
| dorsed, - bid. 81 asked; Electric railway
] first mortgage Is, - bid, 60 asked South
! Georgia and Florida first mortgage Z per
cent. Jog bid, = asked; South Georgia and
! Florida second mortgage, lOo bid, = asked;
Alabama Midland. SIS bid, 81 asked; Bruins
wick and Western As. guaranteed, %
Railroad stocks-Central common. 10
/ bid IL asked; Augusta and Savannah Z
per cent. guaranteed, so bid, - eX-dlVi-
| dend asked; Georgia common, l9z BID, -
asked; Southwestern Z per cent. guaran-
/ teed, including order for div, 7O1a bid ~
/ asked; Central per cent. certincates,
/ with order for defaulted interest, Il bid,
| % asked; Atlanta and West Point rail-
| road stock SO bid, 81 asked; Atlanta and
/ West Point per cent. certificates, 80 bid,
Bank Stocks. Etc.-Southern Bank of
! the State Of Georgia, 1853 bid, 16j asked
/ Merchants National Bank. 80 bid, 80
asked; Savannah Bank and Trust Com
! Bank of Savannah, 100 bid, 13l asked
/ Oglethorpe Savings and Trust Company,
| IS bid 100 asked Citizens Bank eX-divi-
| dend, 9Sle bid, 100 asked; Chatham Real
! Estate and Improvement Company, 80
| bid spa asked: Germania Bank, l02 bid,
103 asked; Chatham Bank, eX-div., IS bid,
| 40 asked; Savannah Construction Com
pany, 49, bid Is asked; Title Guarantee
and Loan Company. rs bid, so asked.
London. Dec. 2.-Bar silver was quoted
New York. Dec. 27.-Money on call was
| easy at 112d2 per cent. The last loan was
at per cent, and at the closing was
! offered at per cent. Prime mercantile
| paper 304 per cent
Sterling exchange was firm, with actual
for GO days. and $LSS13d4 sS3l for demand
| posted rates. A.S6q4SS12.
Commercial bills, $4S6hq4S7h.
Government bonds steady state bonds,
firmer; railroad bonds. weaker
Silver at the board was quoted at 59s4c.
| New York Dec. 27.-The treasury bal
ances were as follows: Coin. $S2,OS2.OO0;
M New Wy York tx Dec. 27-The following were
| the opening quotations at the Stock EX-
! change:
Chicago and Northwestern ............. 969s
Lake Shore t, ,,rofs;,e III
Southern Railway common ............. i05s
Southern Railway preferred ........... 367s
New York, Dec. 27-There were some
| important developments in the financial
| world to-day, but it seems utterly i'm
| possible to revive speculative interest in
/ the stock market. In anything like nor
! NAL times a dissolution of a big govern
ment bond syndicate, accompanied by Sc
| we're criticisms of the financial policy of
| the administration and the declaration of
| the usual ulNlQcDu DN d great IdliIOdu
| company like the New York Central, after
| reports for months that the regular rate
| could not be maintained, would have Gre
| ated great big market. To-day how
ever these deVelopments were accepted
| with languid interest and less than 100
900 shares of stock were traded in during
! the entire session.
| but when the New York Central declared
| its regular dividend for the quarter prices
moved up u to rs per cent, Central natu-
pany for the six months ended Dec. 81.
| 1894 show earnings of 2.53 per cent. on the
stock, against Isl per cent. IN lSgS There
| was new weak spot, notably Distfllers,
| Reading and Jersey Central. Distillers
| fell IA to 9l5 on realizations. Reading
| sold down nearly points to IA, on an I'M
| amended and the assessment on the junior
securities materially increased. Jersey
Central weakened on reports that the No
| Vember statement Will be untavorabl bic.
| Sugar closed practically unchanged on the
| day The Cordage stocks We're higher at
/ 10 IL on a Tumor that the statement
| to be presented at the annual meeting,
| Julv 8 next will be more favorable than
| expected The early rise in these stocks
was equal to l9q2l2 per cent, but suose-
uuently a reaction of Il TO u per cent.
took place. The market closed irregular,
| but in the main firm. Net changes for the
day show gains Of 4 to = per cent; in the
a. Distillers and Reading IA Sales of
| listed stocks aggregated Is, 600 shares; m
listed, $1,000 shares. The bond market was
The quotations al the closing were as
follows:
American Cotton Oil, 221s; do preferred,
| 67s4 m6S24; Sugar Refinery, ss3s; do pre-
ferred 80; American Tobacco, 50; do pre-
ferred, 107: Atchison. Topeka and Sante
Fe, 4; Baltimore and Ohio, 81; Canada Pa
cffic. SIS: Chesapeake and Ohio. IT'S;
chicago and Alton, 1f5; Chicago, Burlng-
ton and Quincy. 705s; Chicago gas, 72lsi
Delaware. Lackawanna and Western,
! NJ Cattle Feeders 0l,,
Erie. 90: do preferred. 81: Edison Gene
raj Electric, 34 Illinois Central, s42s Lake
Erie and w, 1914 do preferred, a.; Lake
shore 136ia: Louisville and Nashville
59is: louisville and n. A.. 6iz; Manhattan
I05: Memphis and Charleston. 10; Michi-
gan Central, 50; Missouri Pacific. z; Mo-
| lille and Ohio. II; Nashville, Chattanooga
and ST Louis. 65: United States Cordage
&: do preferred, go; New Jersey Central