The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-11-28
FINANCIAL.

FINANCIAL
Savannah, Nov 27.-Money is steady.
Domestic EXchanse-The tone of the |
market Is steady Banks are buying a /
lie per cent discount and selling at Lie to
Is per cent. premium
Foreign EXchange-The market is |
weak The following are net Savannah |
quotations: Commercial demand, $l86'
sixty days, Sass; ninety days, $4S4l2; |
francs, Paris and Harve, sixty days,
S93.lS52' SWISS sixty days, $5.2O3s; marks, |
Securities of Central system are dull
state Bonds-Georgia AZ per cent. 1915, /
ia bid, 115 asked; Georgia Z per cent. 1896
1O4}l bid, 1853 asked; Georgia 31a per cent.
long dates, 1884 bid, 9914 asked.
City Bonds-New Savannah per cent
asked; new savannah per cent Febru-
airy coupons, 105A bid 1851 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral. gold 5s, IS
bid, IS asked; Central consolidated mort
gage 7 per cent. coupons, January and
July maturity, 1898, 1882 bid, 49, asked Sa-
trust certificates bid, Sc asked; Sa
Vannah, Americas and Montgomery per
cent, As bid, 50 asked Georgia railroad
per cent. 1910, 1882 bid, 10 asked; Georgia
Southern and Florida, first mortgage
per cent, Sc bid, 8S asked Montgomery
and Eufaula first mortgage 8 per cent,
asked; Augusta and Knoxville first mort
gage 7 per cent, 1OS bid, 10412 asked;
Ocean Steamship 3 per cent, due 1920,
97lz bid, $50 asked; Columbus and Rome
first mortgage bonds Endorsed by Central
railroad, - bid, 43 asked; Columbus and
Western, 6 per cent, guaranteed, 10 bid
mortgage 7 per cent bid, IS asked
Savannah and Atlantic per cent, in
dorsed - bid, 81 asked; Electric railway
first mortgage 6s, - bid 50 asked; South
Georgia and Florida first mortgage per
cent, 106 bid, asked; South Georgia
and Florida second mortgage, 1O5 bid, -
lah III
asked; Brunswick and Western As, guar
Railroad Stocks-Central common, Is bid.
17l5 asked; Augusta and Savannah per
cent, guaranteed, - bid, "a asked; Geor-
gia common, 1852 bid, asked; South
western per cent, guaranteed, includ-
trail per cent. certificates, with order for
defaulted interest, - bid, 24l2 asked At
lqnta and West Point railroad stock. IS
bid, 81 asked; Atlanta and West Point 6
per cent. certificates, SO bid, "a asked.
Bank Stocks Etc.-Southern Bank of
the State of Georgia, 163 bid 165 asked;
asked; Savannah Bank and Trust Com
panY, - bid, 1929 asked; National Bank of
Savannah, 100 bid, 49, asked; Oglethorpe
asked; Citizens Bank, 1O1 bid, 1O2 asked
Chatham Real Estate and Improvement
Company, 50 bid, 52ls asked; Germania
4Slb bid 1872 asked; Savannah Construction
Company, 1872 bid, Is asked; Title Guaran-
tee and Loan company, ~ Dlu, % asked.
London, NOV. 27.-Bar silver was quoted
New York, Nov. 27-Money on call was
easy at / per cent The last loan was at !
per cent, and at the closing was offered at
per cent.
Prime mercantile paper 300 per cent.
Bar silver, 62lsc.
business in bankers bills at SS4S6A d4S6%
for sixty days, and $lS7AQ4.S712 for de-
mand: posted rates $4.S612u4SS.
OIL oil
Government bonds were firm. State
bonds were dull. Railroad bonds were
silver at the board was quoted at 627lc
'' New York, Nov. 27.-The following were
the opening quotations at the Stock Elk
change to-day; 400
Chicago and Northwestern........ S65s
Lake shore We e,;, referred Sii2
Richmond and West Point Terminal. 1914
Southern Railway common. ;....'.,.,.. Ia
Southern Railway preferred. .........''5'94
Now York Nov 27.-During the morn
ing hour speculation at the stock ex-
change was practically at standsull
excent for Erie and Northwestern, which
were affected by special causes. Erie was
messed for sale on the general belief that
he statement for the year would be IN
favorable, and Northwestern was m m
cIined to weakness because OF sales by
Professional traders and others who were
ronfident that the dividend would have TO
he reduced. Subsequent events proved
the correctness of both theories. lherc
was a new and commendable departure IN
! nc method of making public the North
| u.estern dividend, the railroad CincialS
| to,,ing communicated the decision TO the
| nbairman Of the stock exchange, VINO
| made a public announcement from lhe
| roatrun Just previous 10 lZ;5O p' m
/ ~ tir1e agreed upon for the announce
/ ,n,ert brokers gathered around the chair
] - and everybody was on the qui NlNe
~ iaar, the decision of the directors. \
I,,or then got ahOat that the regular
/ 80 had been declared. Ihls started the
/ RAJ i, shorts into covering, and the
] s,rrbases or this account LED 20 f. rise
/ pI, aes 10 49, Burlington and quincy,
/ q, iboul and other stocks Whlch are hcaN-
/ iiv oversold also moved up az lhls lIilg cc
! Tben came the OIuclal alHoui ''Ill'lil ~
! ~ decIaration OF ia per cent quarterly
lhe ne preferred and 2z per cent semi
/ on .taiIy an the common, the latief "a
/ alij,,cti6n OF d per cent Tor ihr, SIX
/ l1tbs Many brokers misunaefticou we
/ nbairfnan. and thinking lhhl we Dois.
! moi "a, soid The stock They quickly
! psiti,cd their mistake, ana boufhi back
/ it"t- stogk AS "a result the common zee
! ll,,red to qs ST. Paul ln me incahilhs
/ oit down to 5slg, ROCK lslhhd 10 W. IhY
I g,iii.ssa darlington and quincy u" .N. J ~
! 'hllntY - lour stock sold after ihc Guar
/ hhvnh 'Nnrthwpstrru dividend was ffch
! lh N. d IianupulufmNut 10 ihr hfhia
/ IN bavs been predicting h'afF iHHila
/ Wnm to follow this n..oh iN W.
! v.at,ru directors tN -'.'.s /.
'.rt. ana in ths laHf hour 1i huf'
I ahol ..t ...t,riun movement Hef iu tHthf
I ir nom ti.t 40 Ma l.h' wv
I e frs to f4I.. NrIaHHft quo N.
granl is7it 30 l29a Sew JNfa'y 'rN'f''