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


Fair. Observation-Disclosures. 46l44c
Good Jlld43<c
Prime ......... ........ -. .......... 56I55lc
Head ...... ............... ..........,,. 81 G6c
Small job lots l5a14c higher
Rough-5Oc to s1.25 per bushel
Financial.
Savannah. Oct. s.-Money is steady and
in good demand.
ket is steady. Banks are buying at 3-i6 per
cent. discount and selling at par on amounts
up TO $500 and at l-16c per cent. discount on
Foreign Exchange-The market is steady
The following are net Savannah quotations:
Sterling, commercial demand, "a s.;
francs, Paris and Havre, sixty days, IS 2O5;
Swiss sixty days, IS %; marks, sixty
Securities-The general tone of the market
is quiet. with light demand for local securi-
ties. Central securities are inclined to dull
ness. Quotations are nominal.
State Bonds-Georgia Az per cent 1915,
ia bid, lis asked; Georgia Z per cent. 1896.
l04A bid, 1854 asked; Georgia ga per cent,
long dates. 9SIa bid, 991a asked.
City Bonds-New Savannah 5 per cent.
quarterly January coupons i05 bid,
asked; new Savannah per cent. November
coupons, 1851 bid. 49, asked.
Railroad Bonds-Central Railroad and
Banking Company collateral gold 5s, So bid,
SO asked Central consolidated mortgage
per cent coupons January and July maturity,
1898, lis bid,-asked; savannah and West
ern railroad per cent. trust certificates, 80
bid 81 asked; Savannah, Americas and
Montgomery per cent. 81 bid, 50 asked:
Georgia railroad per cent, 1910, los bid, ITO
asked; Georgia southern and Florida first
mortgage per cent. SO bid, 81 asked:
Montgomery and Eufaula first mortgage 6
per cent Endorsed by Central railroad, 100 bid,
LIZ asked; Augusta and Knoxville first mort
gage Z per cent, 80 bid, l0l asked Ocean
steamship per cent, due in 1920, So bid, %
asked; Columbus and Rome first mortgage
bonds, Endorsed by Central railroad, 40 BID, As
asked: Columbus and Western per cents
I foo - nGlyD and G1,H
urban. railway first mortgage per cent, 80
bid, IS asked: Savannah and Atlantic per
cent. indorsed 25 bid 81 asked; Electric rail
way first mortgage IS - bid, 60 asked; South
Georgia and Florida first mortgage per
cent, 10S bid, - asked; South Georgia and
Florida second ,,,sI moFtga g i0 0 bic. 6id
Railroad Stocks-Central common, IL bid,
II asked; Augusta and Savannah per cent.
SO g bid s. asked $eOrgia com
z per cent. guaranteed, including or
der for div, 7j4 bid. n asked Central
per cent certificates. with order for de-
faulted interest % bid, "a asked; Atlanta
and West Point railroad stock, 50 bid So
asked; Atlanta and West Point per cent.
certificates 81 bid, SO asked.
Bank Stocks, Etc.-Southern Bank OF the
State of Georgia, 1914 bid, asked; Mer-
chants National Bank 81 bid, 50 asked;
Savannah Bank and Trust Company, l02 bid,
1903 asked: National Bank of savannah, 1901
bid 1872 asked Oglethorpe Savings and Trust
Company, 9S bid 100 asked; Citizens Bank,
and improvement Company, so bid. 81 asked;
Germanta Bank, 1919 bid, lO21s asked;
Chatham Bank. 48 bid, a. asked; Savan-
nah Construction Company, u bid, 20 asked;
Title Guarantee and Loan Company, IS bid
London, Oct. Bar silver to-day was
New York. Oct. Q, 4p. m.-Money on call
easy at l per cent. The last loan at l per
cent. and at the closing was offered at per
cent
Prime mercantile paper, 40iH per cant
Bar silver 6Sa4c.
Sterling exchange is strong. with actual
business in bankers bills at 81 s61l04 s61 for
sixty days and 81 S71lG4 S71a for demand;
posted rates a s71lG4 8s1I.
Commercial bills o. s'494 So for sixty
Government bonds firm. State bonds dull.
Railroad bonds weak.
Silver at the Stock Exchange to-day wa
New York. Octt. 9-The following were
the opening quotations a the Stock Exchange
to-day:
Chicago and Northwestern. 103d
N NoKS nn S5d Western preierreI &
Richmond and West Point Terminal. l6A
Western Unlon.... OBSERVATION-DISCLOSURES. oSjs
Southern Railway common. ................. --
do do preferred .......... 81. --
New York Oct. 9.-The local stock market
opened weaker, in sympathy with lower prices
from London. Lreak in Sugar added to the
depression, and the entire list sold of rapidly.
The stock named was heavy until the Ia 81 hour
of business, when under covering OF shorts it
rallied to S2ls from S014 early in the day, and
closed with net gain OF q per cent The
gloomy reports about the condition OF the re-
timing industry and the discussions among the
western jobbers were responsible for the early
break Disabling and Cattle Feeding was
steady, Notwithstanding the circulation Of IN
favorable rumors about the financial condition
OF the company and the proposed starting up
of a big opposition distiery in Peoria. The
other weak spots were the grangers, General
Electric. Louisville and Reading, The
grangers and western stocks generally we're
heavy on the poor showing Of earnings made
bv the Atchisoa for September. The decrease
for the month having been 8752,20j, and on
rumors that the 81. Paul report for the first
week OF october, due to-day. will show heavy
loss St Paul fell to COS, Burlington to 73M.
Rock Island to $50, Northwest to 1903, General
Electric 10 36la, Louisville to 52B. Northern
Pacific preferred TO l7A, and Reading to lSH
london was a seller OF It's securities, and this
assisted the downward movement The for
eign exchanges attracted more attention be-
cause OF the continued strength OF the market
Posted rates we're again advanced a C to ~ S1H
and 81 SsJR. The further rise revived the talk
OF god exports. ana II was stated that unless
there is material change IN the situation at
least S500,0 900 will be forwarded by Saturdays
European steamers. Shipments at this season
are unusual The influences at work in the
sterling exchange market are the low prices
for cotton, grains, etc, the inability TO lend
money at anything like paying rates maturing
sterling loans. and efforts on the part Of a GER
tain exchange house to cover bills sold some
time ago in anticipation OF heavy export move
ment OF cotton and grain. Banks. as a general
thing are not looking for any extensive move
ment OF the yellow 10 Europe az this time. The
stock ma ket closed hrmer in tone. Net
changes show losses Of lsa4 per cent, Man
haitian and st. Paul leading. Chicago Gas
gained a. Tobacco Il, Sugar "a. and Bay State
Gas x per cent the bond market was weak
The sales Of listed stocks aggregated $1,000
shares and unlisted $1,000 shares.
The quotations at the closing we're as fol-
lows:
Ann Cotton OIL. 3)gs Nash. C. & ST l.. g.
do pref ........ 70 ~. ). Cordage 60. l2h
sugar Refinery 80. - do do pref. y
do pref....... 9JhN. J. Central. go. III