The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-04-11
FINANCIAL.

FINANCIAL.
Money is steady. with fair demand.
Domestic Exchange-The tone of the
market is steady Ranks are buying at par
and selling at 3 per cent premium.
Foreign Observation-Disclosures firm. The
following are net Savannah quotations:
Commercial demand, SASSY. sixty DAYS,
A.6A; ninety days, A.S6ls; eontinentals.
steady; francs, Paris and Havre, sixty
days. S5.lSs4 Swiss, sixty days, $500;
marks, sixty days, % 3-16.
SecErities-The market is steady. but
State Bonds-Ceorgia, AZ per cent, 1915
1l4a bid, 1l5l5 asked: Georgia 7 per cent,
cent. long dates. 1919 bid. 102ia asked.
City Bonds-New Savannah per cent.
July coupons, 1854 bid, 1854 asked; new
savannah, per cent May coupons, 1861
bid l07 asked.
Railroad Bonds-CentrsI Railroad and
Banking Company collateral. gold 5s, 80
bid 50 asked; Central consolidated mort
gage Z per cent. coupons, January and
July maturity. 122 bid, asked: Savan-
nah and Western railroad per cent. trust
certificates, 81 bid, 81 asked; Savannah,
Americas and Montgomery per cent, as
bid AZ asked; Georgia railroad per cent,
1910, bid, 10 asked; Georgia Southern
and Florida first mortgage per cent, SSIb
bid, 1912 asked; Montgomery and uEfaula
first mortgage per cent, Endorsed by
Central railroad 100 bid, 10l asked; Au-
gusta and Knoxville first mortgage 7 per
cent, 49, bid, 100 asked: Ocean Steamship
per cent, due 1920. 97ta bid, 1914 asked;
Columbus and Rome first mortgage bonds
Endorsed by Central railroad. bid 43
guaranteed 40 bid, ll2 asked City and Su,
burban railway first mortgage per cent,
- bid, IS asked Savannah and Atlantic
per cent, Endorsed, 10 bid, 25 asked; Elec-
trio railway first mortgage 6s. - bid, -
asked; South Georgia and Florida first
mortgage per cent, 100 bid, 10 asked;
South Georgia and Florida second mort
gage Jos bid 100 asked; Alabama Midland,
- bid, 81 asked; Brunswick and Western
As, guaranteed, " asked.
Railroad Stocks-Central common, II
bid 1212 asked; Augusta and Savannah Z
per cent, guaranteed, rs bid, so asked;
Georgia, common, ISL bid. 159 asked; South
western per cent. guaranteed. including
order for div, ssh bid 69ia asked; Central
per cent. certificates. %lth order for de-
and West Point railroad stock, 80 bid, 90
asked; Atlanta and Vest Point per
cent certificates, SO bid, "a asked.
Bank Stocks Etc.-CitiZens Bank
1903 bid, 1922 asked; Chatham Bank
As bid, 46 asked; Gernania Bank
1O21k bid 1881 asked; Merchants National
Bank 9Slh bid 100 asked; National Bank
Oglethorpe Savings and Trust Company,
9S bid, 100 asked; Southern Bank of the
State of Georgia, 164 bid, 165 asked Savan-
nah Bank and Trust Company, 105 bid LOG
asked; Chatham Real Estate and Improve
ment Company, 80 bid, 50 asked; .Savan-
nah Construction Company, - bid, 70
asked, ex-dividend asked; Title Guarantee
and Loan Company n bid, 70, eX-dividend,
asked. Brush Electric Light and Power
Company, So bid, 81 asked; Savannah Gas
Light Co. 20 bid. p asked
London, April 9.-Bar silver was quoted
at 80 3-sd.
easy, at 2d2la per cent; the last loan was
at 2I5 per cent, and at the closing was
offered at 21s per cent. Prime mercantile
paper, 400 per cent.
Bar silver, 6612c.
Sterling exchange, dull, with actual
business in bankers bills at A.SSAQ4SSis
for sixty days. and $L59h Q4.S912 for de-
mand; posted rates $4.S9Q4.90; commercial
bills, S4.S7i4Q4.S7S4.
Government bonds were steady; state
bonds were higher; railroad bonds were
strong.
Silver at the board sold at &C.
New York, April 10.-The treasury bal
ances to-day were as follows: Coin, $751;
49,, 600; currency, $64, $4,000
New York, April 10, noon.-Erie, 81 ;
Northwestern, 9l%4; do preferred, 1SS; Lake
Shore, 1877; Norfolk and Western preferred
1S&; Western Union, s.A; Southern Rail-
way, common, liz; Southern Railway
preferred, 32s4; American Sugar, 1922; Bal
timore and Ohio, IS; Canada Southern,
505s; St. Paul, 57s4; Rock Island, 65&;
Delaware and Hudson, 1853; Delaware,
Lackawanna and Western, 15Sl2; Manhat-
tan, 1l07s Michigan Central, 81; New
York Central, 96l2.
bornly firm to-day. The decrease in the
st. Paul earnings of $4,000 for the first
week in April led to a little hesitation at
liquidation to speak of. In fact, bad news
seems to be ignored and this is gradually
having the effect of making converts to
the bull side of the account. One thing
which is attracting general attention is
the strength of the Vanderbilts and the
steady absorption of the shares at adj
Vancing figures. To-day Lake Shore sold
up to 1879, New York Central to 96B; Michi-
gan Central to 9S15, Canada Southern TO
51% and Big Four to 49,. While the agree
ment of the trunk line presidents TO re-
90 toe in
measure for the Improvement in these
stocks, the street believes that there will
be other developments shortly that will
make these stocks look cheap at current
figures. The Changers, after a fractional
decline, improved a to Is per cent. North
American rose to on official statements
that the pressing obligations of the com
pany had been provided for The An
thracite Coa1ers rose Ssul7s per cent,
Lackawanna leading the latter with sales
up to 1902 Subsequently ii reacted to
1877 and Jersey Central sold down from
941b to 9319. In regard to the settlement
of the allotment question 1t is understood
that the next meeting Of the presidents
depends entirely on the attitude of the
Reading. In the Industrials American
Sugar rose IL to 1885 on covering of
long outstanding short interest. The an
nouncement that the Westinghouse COM
pany will begin suits against the General
Electric for infringement on Tesla patents
had no influence on the stock of General
Electric, which rose to 3d. The decision
of the Chicago Gas Company TO pay its
dividends semi-annually instead of quar-
terly and at the rate of 8 per cent. an
nually, instead of per cent, as formerly,
did not affect the stock adversely by any
means, and in fact the price rose ! per
cent to Y. Distillers and Cattle Feeding
was f1rmer Notwithstanding the report
from the west of Generalization In trade
and the resignation of the directors COM
monty supposed to be identified with the
Greenhut Interest. The market closed firm
and AMh per cent. higher on the day.
The sales were l4l Ills shares, including 3d.
100 Sugar, Il. 300 shares General Electric.
II .23G shares Distlling and Cattle Feed
ing and 10 300 shares North American.
THE bond market continues strong. The
sales Of listed stocks aggregated 10000
shares, unlisted $500 shares
New York Stock List-Closing Bids
Stocks and Bonds-American Cotton oil
25Ts; do preferred 7ii4MT2h; Sugar Re-
nnery 100. do preferred 9i American To-
bacco. a6A do preferred i08 Athlson, n
and S. T., 81: Baltimore and Ohio, 81;