The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-13
FINANCIAL.

pan, 4l4Q4lzc.
FINANCIAL.
Money is steady. with fair demand.
Domestic EXchange-The tone of the
market is steady. Banks are buying at par
and selling at a per cent. premium from
500 to $1,000; for larger amounts, 81 per
$1,000
Foreign Exchange-Market steady. The
following are net Savannah quotations:
Commercial demand, Sass; sixty days,
A.6A; ninety days, A.S634; continentals,
steady; francs, Paris and Havre, sixty
days, s5.1Slz; Swiss, sixty days, s5.1924;
-securities-The market is hardening for
Central issues.
state Bends-Georgis, ~ per cent. 1915.
Il4ls bid, 1l5l2 asked; Georgia per cent,
1886, 1912 bid. 1852 asked. Georgia 3I2 per
cent, long dates, 1912 bid 1929 asked
City Bonds-New Savannah 5 per cent
April coupons, 1883 bid, 1861 asked; new
Savannah per cent. May coupons, 1864
bid 1864 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold 5s, 80
bid 50 asked; Central consolidated mort
gage Z per cent. coupons, January and
July maturity, l2l bid asked; Savan-
nah and Western railroad per cent. trust
certificates, 50 bid, 50 asked; Savannah
Americas and Montgomery per cent. AZ
bid, 40 asked; Georgia railroad 6 per cent.
1910, 1O9 bid, 10 asked; Georgia Southern
and Florida first mortgage per cent, 81
bid, IS asked; Montgomery and Eufaula
first mortgage 8 per cent, Endorsed by
gusta and Knoxville first mortgage per
cent, 100 bid, 102 asked; Ocean Steamship
5 per cent, due 1920. 97ls bid, 9Sle asked;
Columbus and Rome first mortgage bonds,
Endorsed by Central railroad. - bid. 43
asked Columbus and Western per cent.
guaranteed, 100 bid, Ill asked, City and Su-
burban railway first mortgage Z per cent,
- bid, IS asked; Savannah and Atlantic
per cent. Endorsed, 10 bid, 20 asked; Elec-
trio railway first mortgage 6s, - bid,
asked; South Georgia and Florida first
mortgage Z per cent. 1O9 bid, 10 asked;
South Georgia and Florida second mort
gage, los bid, 109 asked Alabama Midland,
- bid, 81 asked; Brunswick and Western
As, guaranteed, p asked.
Railroad Stocks-Central, common, 13
bid, 1872 asked; Augusta and Savannah
per cent, guaranteed, 79 bid, 81 asked
Georgia, common, l57 bid, 1853 asked; South
western per cent, guaranteed, including
order for div. SO bid, 70 asked. Central
faulted interest, 16 bid, IS asked: Atlanta
and West Point railroad stock, 81 bid 80
asked; Atlanta and West Point per
cent. certificates, 80 bid. "a asked.
Bank Stocks, Etc.-Citizens Bank.
1914. bid, 1929 asked; Chatham Bank,
1d,, BID ia a. a asked ana Ban
Bank, 81 bid, SO asked; National Bank
of Savannah, 100 bid, - asked;
9S bid. 100 asked Southern Bank of the
State of Georgia, 1874 bid, 165 asked; SaVan-
nah Bank and Trust Company, 105 bid, LOG
asked; Chatham Real Estate and Improve
nah Construction Company, 70 bid, &c
asked; Title Guarantee and Loan Com
pany, 70 bid. 81 asked.
London, March 12.-Bar silver was
quoted at q 1850.
New York. March 12.-Money on call
has been firm at per cent; last loan
was at per cent, and at the closing was
offered at 2 per cent. Prime mercantile
paper, 4l205 per cent.
Bar silver, 6O%c. Mexican dollars 49c.
Sterling exchange is firm, with actual
business in bankers bills at A.8734q4.S8
for sixty days and S489d4. 1914 for demand;
posted rates, $4SS1aGD4.90. Commercial
steady; state bonds were dull; railroad
bonds were duh. Silver at the, board was
quoted at 81 bid, and 6lA asked.
New York, March 12.-The treasury bal
ances were as follows Coin, $S5,1S2,OOO;
currency, $7S, $50, 000
New York, March u, noon.-Erie, rs
Northwestern, SO; do preferred, 1919; Lake
Shore, 1876; Norfolk and Western, pre-
ferred, Il; Western Union, So; Southern
Railway, common, 97s Southern Railway,
preferred, 81; American Sugar, JOB; Balti-
more and Ohio, 50; Canada Southern, 49,;
st. Paul, 552s; Rock Island, 621e Delaware
and Hudson, 124; Delaware. Lackawanna
and Western, 1878; Manhattan, 109; Mich
igan Central, 81; New York Central, 945s.
New York, March 12.-Stocks to-day
were very regular, and the sales were CON
siderably smaller than on yesterday, foot
ing up only 159,446 shares. The opening
was weak on account of lower prices
from London. The decline at this time
W
and Nashville, Jersey Central, Manhat-
tan, Tobacco and the Changers making
the largest losses. Subsequently firmer
tone prevailed, owing to the declaration
of the regular dividends by the Manhattan
and Chicago and Northwestern directors,
and a belief that the New York Central
will. on Friday, declare its usual dividend.
In the matter of the ST. Paul dividend, the
street has settled down to the opinion that
the directors will order the payment OF
per cent. on the common stock as usual.
A better demand for cotton and grain
also had a good influence on the market
for stocks, and the failure OF Mckim q
Co Yesterday led to covering of short
contracts by timed bears. The improve
rnent in prices ranged from z to 21a per
cent. Tobacco rose 212 to so12; Jersey
Central, to S67s; LackaWanna, II to
15S: General Electric, to 28%; New York
Central, 15s to 9512; Rubber, common, "a
to 4OA; Leather, preferred, to " to ga;
Hooking Valley rs to 22A, and the other
active issues * to l per cent, Sugar open
ed Il higher. at 1929, receded to lOl$4, rose
to 1924, and reacted TO lOlA4iOz. IN the
afternoon there was disposition to real
lie profits and the market, under the
leadership of Sugar. ran off AQl1s per
cent. At the close speculation was ratner
weak in tone. Net changes show gains
of 1sGl5s per cent. outside of Sugar, To-
bacco Distillers, Louisville and Nashville
and Manhattan, which dost 2 70 i5s per
cent. Consolidated Gas gained " per
cent. The bond market was frm' but r.
Ia11 York Stock List-Closing Bids
Stocks and Bonds-American Cotton OIL
%. do nreferred. 67d69 Sugar Refinery
10i7s: do preferred, 95A American Tobac-
co. 937s; do preferred, 105; Atchison, TO,
ohio 52IL: Canada Pacific, 3S; Chesapeake |
and Ohio, 1914; Chicago and Alton, l46
Chicago, Burlington and Quincy 7O7s
C,bicago Gas, 717s; Delaware, Lackawanna
ana Western, 1871; Distillers and Cattle
Feeders 12ss Erie, "a; do preferred. To-
Edison General Electric 28l4; Illinois Cen
trail, SO; Lake Erie and Western, 15ls; do
nreferred. 7O24; Lake Shore, 1856; Louisville
and Nashville. IA Louisville and n. A.
90: Manhattan. 1924; Memphis and
Charleston 10; Michigan Central, 81; Mis-
souri, Pacific, 1914 Mobile and Ohio, uls;
Nashville, Chattanooga and ST. Louis, 80; |
limited States Cordage. 81 do preferred, |
81. New Jersey Central, So: New York |
-. - aia- Nm Work. and Now Ene-