The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-16
FINANCIAL.

following are net savannah onofations.
commercial demand, S4.S9; sixty days, 81 IS;
fF rsecy qbSys. Ass17; continentals, steady
/ francs, Paris and Havre. sixty DAYS, S5.17:
S S%iss; q! sixty days, S5.lSl4; marks, sixty
securities-Fair business in Southwest
I ern at ruling prices.
state BOnds.-Georgia, AZ per cent, 1915.
! 3 1dS PIC - asked; Georgia per cent, 1880,
loz bid, - asked; Georgia; 3lk per cent,
| long dates, 10l24 bid, 1928 asked; Georgia
! 81 per cent, 1918, 1913. bid, 1O2ls asked
/ City Bonds-New Savannah per cent,
/ october coupons, 1862 bid. 107 asked;
] New savannah per cent, August cOu-
pons, 1914 bid. 1851 asked
| hailroad Bonds-Savannah, Florida and
| western railroad general mortgage bonds,
3 per cent. interest coupons, 49, bid. -
asked; Atlanta and Gulf first MORTGAGE.
| cOnsohdated per cent. coupons, January
ana July maturity 1897, 1922 bid 1O61b asked
/ central consolidated mortgage per cent.
/ coupons, January and July maturity, 1898,
| I24ts bid, asked; Central Railroad and
1 Banklng Company collateral gold 5s, 90
pig, 20 asked: Georgia railroad 6s. 1910, 10
/ pld, - asked; Charlotte. Columbia and
/ Augusta second mortgage. 115 bid
4 asked; Montgomery and Eufaula first
| mortgage Endorsed per cent. los bid, los
/ asked; Georgia Southern and Florida first
! mortgage . per cent. trust receipts 1921 bid,
/ lU51z asked; Savannah and Atlantic 5s in
/ dorsed p bid, - asked; South Georgia and
FLORIDA Endorsed firsts. lo6 bid, asked;
| SOutn Georgia and Florida second mort
| gage, 100 bid, - asked; Savannah and
! Western IS, trust certificates, indorsed by
| Central railroad, 81 bid, 6S asked; Sa-
| vannah, Americas and Montgomery es 50
bid. SO asked; Ocean Steamship per cent.
! bonds, 1870, 93 bid, IS asked; Columbus and
Rome first Endorsed IS. - bid, 80 asked;
| Columbus and Western per cent, first
/ guaranteed, 112 bid, ia asked; Augusta and
| Knoxville railroad, per cent, first
| mortgage bonds, 102 bid, asked City
and Suburban railroad, first mortgage Z
per cent, bonds. so bid IS asked; Electric
! railway bonds, % bid, 30 asked: Alabama
| Midland, per cent, SO bid, % asked;
brunswick and Western As % asked
| asked.
Railroad stocks-Augusta and Savannah
I per cent, guaranteed, 50 bid; 81 asked;
Central common, IA bid, 151a asked; Georgia
| common, 1853 bid, - asked; Southwestern
Z per cent. guaranteed, S5A bid. Sc asked
central per cent. certificates, % bid, %
| asked; Atlanta and West Point railroad
stock, % bid. So asked; Atlanta and West
asked.
Bank Stocks, Etc.-Ex-div. Citizens
Bank. 1O5 bid, log asked: ex-div. Chat
| ham Bank 4Ss4 bid, 1914 asked ex-div. Ger
| mania Bank, 103 bid asked: ex-diV Mer-
Giants National Bank, lO019 bid. 1914 ask
| ed; eX-div National Bank of Savannah 1872
| bid, asked; ex-div. Oglethorpe Savings
and Trust Company, 100 bid, 1o1 asked ex-
div. Southern Bank Of the State of Geor-
gia, l61 bid, 163 asked; ex-div. Savannah
Bank and Trust Co. 105 bid. asked;
ex-div. Chatham Real Estate and Improve
ment Company, 521z bid. 531z asked; Savan-
nah Construction Company, "A bid, rs ask
ed; Title Guarantee and Loan Company,
IS bid, asked.
New York, July 15-Money on call was
easy at lQ1k per cent; the last loan
was at l per cent, and at the closing
was offered at per cent.
Prime mercantile paper, 3i2G4 per cent.
Bar silver, 67c.
business In bankers bills at "a seQ4 s9ia for
sixty days, and $4.90d49OA for demand
Posted rates, s.. S9lad4. 901z.
Commercial bills, A.SSG4. SSih
Government bonds dull and steady; state
bonds were dull; railroad bonds firm.
Silver at the Board sold at 671sc for
10000 ounces.
New York, July 15.-The treasury bal
ances We're as follows: Coin, $lO2, 257 6Sl
currency, $64.O95,046.
New York. July Is, noon.-Erie. 1914
AS: Lake Shore, 49, Norfolk and Western
preferred, ID; Western Union, 81; Southern
Railway common; l4ss; Southern Railway
Baltimore and Ohio. 62la; Cana
da Southern. 5Sh; st. Paul, 6SSs; Rock Is
land. 7l9s; Delaware and Hudson, 1898
Delaware, Lackawanna and Western, 1853
Manhattan, 112; Michigan Central 100;
New York Central 1ol.
New York, July 15.-Speculation at the
Stock Exchange to-day was decidedly ir-
regular. The railway list, except for a
slight recession at the opening, ruled firm
throughout, and a. the close the active
issues showed gains or anywhere from
4 to IA per cent. as compared with Satur-
days finals. The comparative strength
of the railways. in face of the heaViness
of the Industrials. Is due to good crop
reports from the northwest. St. Paul
and other prominent roads were firm and
as long as these favorable statements con-
tinue TO come in the bears will find it
difficult work to get prices down, no mat
ter what they may be able to do with In
dustrias. Jersey Central and Reading
were among the strongest of the railway
stocks on the list. oLndon bought ST
Paul. as we'll as other of it's favorites, but
the amount taken was not large by any
means. Still, the fact that the foreigners
were once more disposed to take our
stocks on the list. London bought St
of the great strength of the sterling ex-
change market. Bankers are now pre-
dieting that exchange will decline shortly
and that money will work tight. All day
a hardening tendency was noted in the
market for time loans: as the season ad-
vances, higher rates of interest may be
confidently looked for. The Industrials
were feverish and in the main weak.
Leather was the particularly weak spot
and the preferred, after breaking from
S6A to SO, rallied to S4l4 and then dropped
a. The common sold at 166165s. The
rumor that the directors, at meeting last
week, authorized an issue of 10000 shares
of common and an equal amount of pre-
ferred was again revived, but could not
be confirmed. Sugar dropped about a
point, but later recovered a part Of the
decline. Tobacco sold down to 1918 ex.
0lElQenQ OF per CENT anu TeCONtTeu 10
10SG107. Chicago Gas, Distilling. General
Electric while not as active as the other
Industrials, scored declines. A feature of
early trading was a slump in Tennessee
Coal and Iron from 37A to 1894 M36. An
analysis of the operations of the COM
pany and the expansion of its capital
was printed to-day and this frightened
the timid holders and gave the bears a
chance to hammer the stock. Speculation
closed irregular. Net changes show gains
of II to IA per cent, Jersey Central lead
ing The Industrials lost anywhere from
Il to 27s per cent, AID of these Leather
preferred made the largest decline. Ten
nessee Coal and Iron lost and New Eng
land / per cent. Total sales were 202 914
shares. of which 80, 500 shares were Sugar,
10 ZOO Reading 1900 Tobacco, 1880 Dis
tillers and 1880 Leather. The bond mar
ket was firm Sales were SlO32, 600. The
sales of listed stocks aggregated 147, 900
shares: unlisted, $1,000 shares
New York Stock List-Closing Bids
Stocks and Bonds-American Cotton OIL,
25I5: American Cotton preferred. 1874; SUI
gar Refinery. 1O6a4; Sugar Refinery pre-
ferred, 100; American Tobacco. l07ss eX-
div; American Tobacco preferred, III ex-
div. Atchison, T. and 5: F., 10; Baltimore
and Ohio, 621A; Canada Pacific, 81; Chesa-
peake and Ohio. ga; Chicago and Alton,
i57: Chicago, =. and O., S59s Chicago Gas,
55A: Delaware, Lack. and Western, 1914
Dis. Cat Feed. 20; Erie, 1914 Erie preferred
22Is: Edison General Electric, 1854 Illinois
Central 9SIb; Lake Erie and Western, 25ss;
Lake Erie and Western preferred, S5A;