The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-25
FINANCIAL.

The bank clearances for the past week
were I'i5i,1S0.Sl. against I.6f,oi9.M last
Foreign Exchange-The market is
firm. The following are net Savannah
quotations; Commercial demand, ASia;
francs. Paris and Havre. sixty days,
S?l9la; Swiss, sixty days, S5.2JA: marks.
Domestic Exchange-The tone Of the
market is steady. Banks are buying at
par and selling at * per cent. premium.
Securities-The market is quiet and
steady. Fair demand for Georgia South
ern and Florida bonds.
Stocks and Bonds.-State Bonds-Geor.
gia 3i2 per cent. bonds, 102 bid lO3 asked:
new Georgia AZ per cent. bonds, 1915 IFS
bid, JIG asked: Georgia Smiths, maturity
1896 105 bid. 1867 asked.
city Bonds.-Atlanta per cent. 100 bid
bid, lis asked; Augusta per cent
ll2 bid, llS asked; Columbus per
ll3 bid, ia asked; new Savannah per
cent, quarterly July coupons, 1861 bid.
- asked; New Savannah per cent
quarterly August coupons. 1864 bid, -
asked.
Railroad Bonds-Savannah. Florida and
! western railroad general mortgage bonds,
per cent. interest coupons. 1l3 bid. mi
consolidated Z per cent. coupons. January
and July maturity 1887, l04lA bid. 1854 asked;
Central consolidated mortgage z per cent.
coupons, January ana July maturity. 1893
l23l2 bid, asked; Central Railroad and
Banking Company collateral gold Sc 90
bid, 50 asked; Georgia railroad 6s 1910 no.
bid. 1l2 asked: Charlotte, Columbia and
| Augusta second mortgage, ITO bid, ia
| asked; Montgomery and Eufaula first
mortgage, Endorsed per cent. l01 bid 103
asked; Georgia Southern and Florida first
mortgage per cent. trust receipts 92is bid,
| 93i2 asked; Savannah and Atlantic IS, in
| dorsed, Is bid, 20 asked; South Georgia and
| Florida indorsed frsts, JOG bid lO7 asked;
/ South Georgia and Florida second mort
gage, Jos bid, l06 asked; Savannah and
I Zoe frwv Ea HrNVg
Central railroad, 81 bid, So asked; SaVan-
| nah Americas and Montgomery g. 81
/ bid, 50 asked; Ocean steamship per cent,
| bonds, 1920, 81 bid, % asked; Columbus aud
| Rome first Endorsed 6s. - bid, az asked:
| Columbus and Western per cent first
guaranteed. liz bid, 1i3 asked; Augusta
mortgage bonds, 9S bid, 100 asked: CITY
and Suburban railroad, first mortgage
per cent, bonds, IS bid. 50 asked; Electric
railway bonds, - bid, 40 asked; Alabama
Midland, per cent, - bid 80 asked;
Brunswick and Western As, II asked;
South Bound railroad IS, "A bid, 76 asked
Railroad Stocks-Augusta and Savan-
nah Z per cent, guaranteed, Is bid, 81
asked. Central common, II bid. 10 asked;
Georgia common. 157 bid, 16O asked; south
western per cent. guaranteed. with divi-
dend order, GO bid, 67i5 asked; Central
per cent. certificates, with order for de-
faulted interest. 1872 bid. 1Tl5 asked; At
lanta and West Point railroad stock, % bid,
95 asked; Atlanta and West Point per
cent. certificates 96 bid ~ asked.
Gas. Stocks-7Savannah Gas Light Stock.
20 bid, p asked; Electric Light Stock
and Power Company. So bid. 81 asked.
Bank Stocks, Etc.--Citizens Bank 1O3
bid, 1Oi asked; Chatham Bank, As bid. 40
| asked; Germania Bank, 1929 bid. 1881 ask
ed; Merchants National Bank, 9S bid 100
asked; National Bank OF Savannah 1921
Trust Company, 100 bid, 1O1 asked; South-
ern Bank of the State Of Georgia, 1914 bid
l65 asked; Savannah Bank and Trust Co.
los bid. Jog asked; Chatham Real Estate
InnrOVampnt GOnDn9nN
asked; Savannah Construction Company
"A bid, IS asked Title Guarantee and Loan
Company, 50 bid. 81 asked.
Factory Bonds-Augusta Factory,
Gs 1929 bid, l03 asked Sib-
ley factory IS. lO2lz bid 1903
104 asked; Eagle and Phoenix Manufac-
turing Company per cent bonds, rs bid,
81 asked.
Factory Stocks-Savvannab Cotton Fac
tory, 60 bid, So asked; Eagle and Phoenix
Manufacturing Company, 20 asked; Au-
gusta factory 70 bid, 70 asked; Granite
Vile Factory, 14S bid, $50 asked; Langley
Factory, 10l bid, 1902 asked; Enterprise
Factory, common. 80 bid. % asked; ]. p
King Manufacturing Company, 100 bid
pany, 20 bid Is asked
New York, May A.--Money on call was
easy at 1d1a per cent; the last loan was at
~ per cent, and at the closing was of
paper, S1aa4 per cent.
Bar silver, SIC.
Sterling exchange steady. with actual
business in bankers bills al 81 S68t al S71t
for GO days and Sf.8724G4S8A for demand
Posted rates. AS7l244SSl2. Commercial
bills 81. 86d4, S6A
Government bonds were firm; state bonds
We're higher; railroad bonds were active
and higher.
Silver at the board was quiet
New York, May A.-The treasury bal
ances were as follows: Coin, $50, 496, 900; cur
rency, $50, 50S 900.
New York. May "a. noon.-Erie. 1871;
MOI n do 4.
Shore, 146; Norfolk and Western preferred
14A; Western Union, 1924: Southern Rail-
way, common, las; Southern Railway pre-
ferred, 401s; American Sugar, us; BaIti-
more and Ohio. 631z; Canada Southern, $40;
st. Paul. 673I Rock Island. 6994; Delaware
and Hudson, 1919; Delaware. Lackawanna
and Western, 1872 Manhattan. lis; Michi-
gan Central, 1909: New York Central 102.
New York May A-The reports from
the west concerning the crop situation
which refuted the recently circulated sto-
ries of serious damage to wheat, and the
break in the price of the product, led to
a decided change in sentiment at the Stock
Exchange to-day, and in the early trading
there was good demand for all classes
of railroad stocks. London, which has been
the settlement, turned up this morning
as a buyer. but the foreigners later sold
on the rise The Changers led the up
ward movement during the early session;
Northwestern advancing to 100. Burlington
and Quincy TO S09a, Rock Island TO 20, and
St Paul to 6Slk. The other railway stocks
moved up anywhere from Il to 81 per
cent, Lake Erie and Western leading. The
rising tendency. however, was checked in
the afternoon trading by a report that the
Chicago and Northwestern directors con-
templated reducing the dividend on the
common at their June meeting to ~ per
cent. Two per cent. has been expected all
along. and this rumor led to general sell
ing OF the Changers. Northwestern sold
down TO $685. on the stock. while the other
grangers reacted X to "a per cent. Read
ing, Western Union. Louisville and Nash
vile and Northern Pacific, preferred also
Yielded 4 to - per cent al this time Vice
President Sykes was subsequently given
up as authority for the statement that the
reported reduction was unauthorized and
a rally in the Changers ensued. The In