The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-09
FINANCIAL.

market Is steady. Banks are buying at
par and selling at Il per cent. premium up
70 S9,VO; over $500 at S1.O0 per $1,000.
Foreign Exchange-Market, Arm The
tolloWing are net Savannah quotations:
g o IN giSeiv demand ASs; sixty days
STEADY; francs. Paris and Havre, sixty
days. 5.l7; Swiss. sixty day.. S5.1Sls;
marks, sixty days. IS BIS.
oeSurlties-Quite a speculative demand
loI southwestern. with rates at 50.
,,S AYE Bonds-Georgia, AZ per cent, 1875
AZ AZ pa l04 asked; Georgia 3t2 per cent long
yates, lOl bid, 102 asked; Georgia 3is
per cent. 1875 l01 bid. lO2 asked.
Cty Bonds-New Savannah per cent,
october coupons, 1861 bid 1862 asked; New
SaVannah per cent. August coupons, l07i4
bid, lO734 asked.
Railroad Bonds-Central Railroad and
ShSddhk 1dn Company collateral, gold 5s. "a
Dld, Ivg asked; Central consolidated mort
Sage Z per cent. coupons, January and
nah and Western railroad, per cent. trust
certhcates, 81 bid, 60 asked; Savannah,
;A An and Montgomery per cent, 52l5
niu, e5ts asked; Georgia railroad per cent,
1910, ll3 bid ia asked; Georgia Southern
ana Florida first mortgage 6 per cent. 100
pld, lOl asked; Montgomery and Eufaula
nrst mortgage per cent, Endorsed by
Central railroad. 105 bid 1O7 asked; Angus
Ia and Knoxville first mortgage Z per
cent, lO2 bid, i0S asked; Ocean Steamship
Columbus and Rome first mortgage bonds,
lndorsed by Central railroad. - bid, 50
asked; Columbus and Western per cent,
guaranteed, 1l2 bid, l13 asked, City and SUI
burban railway. first mortgage Z per cent,
81 bid, 90 asked; Savannan and Atlantic
ASKED s @Sr6saSs Georges S and Florida 9a rse
South Georgia and Florida second
railroad IS, Endorsed, 74lh bid. 7o.a asked;
Alabama Midland, SO bid. 30 asked; Bruins
wick and western As, guaranteed, Il asked.
Railroad stocks-Central common, II
bid 10 asked; Augusta and Savannah Z
per cent, guaranteed, 70 bid, 81 asked;
Georgia, common. 10 bid. Us asked:
Guiding order for div, SCI bid, s. asked;
Central per cent. certificates, % bid. "A
asked Atlanta and West Point railroad
stock, 96 bid. 81 asked; Atlanta and West
Point per cent. certificates, 90 bid, 90
asked.
Bank Stocks. Etc-Citizens' Bank, ex-
ex-dividend, Asa bid, Asa asked;
ed, ex-dividend; Merchants National
idend: National Bank of Savannah, 1870
bid, 1872 asked, ex-dividend; Oglethorpe
Savings, and Trust Company. ex-
ern Bank of the State of Georgia, ISL
bid, 1872 asked; Savannah Bank and Trust
Company, ex-dividend, 10i bid, 105 asked;
Chatham Real Estate and Improve
5Si1 asked; savannah CONSTRUCTION
Company, "A bid, 75lE asked; Title Guayan-
81 asked; Brush Electric Light
g bid. $50 asked ,savannah, Gas
nah Brewery Company, 80 bid. "a asked.
New York, July S.-Money on call was
easy at lql1s per cent; the last loan
was offered at l per cent.
Prime mercantile paper, SAqSA per
Bar silver, 67lsc.
Sterling exchange very strong, with &C
tual business in bankers bills at Si.S9q
4s94 for sixty days, and $4S9Aq4.9O for
Posted rates, s4.S9lAa4 sOlk.
Commercial bills, $4.s7s4 "A. ssh.
Government, bonds firm; state bonds
quiet; railroad bonds were strong.
Silver at the Board was dull.
New York, July S.-Treasury balances
were as follows: Coin, SOB, 10000; cur
New York, July 8. noon.-Erie. 1oIs;
AS; Lake Shore. ~; Nor
Union, MS; Southern Railway common,
IA; Southern Railway preferred, 434s;
American Sugar, ia; Baltimore and Ohio,
62l2; Canada Southern, 54@; st. Paul, 69A;
Rock Island, 7274; Delaware and Hudson,
1914; Delaware, Lackawanna and West
ern, 1924; Manhattan, 1872; Michigan Cen
trial, 1907; New York Central 1909.
New York. July S-The bulls were in
control at the stock exchange to-day and
stocks showed decidedly higher prices.
vances in wages, 10 per cent. granted by
the Pullman Palace Car Company being
announced yesterday; the excellent out
look for the growing crop, as testified to
by presidents of the leading western roads
and the successful placing of a S. COG, 900
in London by the Pennsylvania Company
at 31z per cent. This rate is an unusually
low one for railroad corporation, and
called attention more TO the return from
Europe that good demand prevailed
abroad for first-class American securities.
CT hot he L9po tho xnrs1I Aa f-.l-.
hold of shortly and brought into line with
the big companies, helped TO advance
prices. The coming meeting of the sales
agents is expected TO throw some light on
this Vexed question. New England lead
sold up to 55A. AS usual, the report was
circulated that the company had passed
with the New York, New Haven and
Hartford. While 1t is believed that this is
correct, 1t is impossible to get any posi-
tive confirmation of the report. 1t was
understood for long time that the most
of the stock is held by ]. Pierpont Morgan
and w. Rockefeller The Changers, the
Southwesterns Southern Railway and
Louisville and Nashville were also strong.
In the Industrials, Chicago Gas rose to g.
dropped to 5S5s and rallied to 59s4d59. Near
ly $1,000 shares of the stock changed hands
and the bulk of the trading for the short
account. AS yet, no formal statement of
the policy OF the company in
f been @ given out sugar. rs has
rs to ia, but the rise brought out OFFER
ings for about a month and decline to
112AQ112h ensued. General Electric and
Distilling and Cattle Feeding were firm
and Leather weak Rubber was neglect
ed. In the closing hour, the market was
firm, except for Sugar and Chicago Gas
Net changes show advances of Il to 3A per
cent, New England leading. Sugar, Chi
cago Gas and Leather lost 3s611A per cent.
Canadian Pacific gained 21a per cent. The
total sales were 250,01S shares, including 3d.
800 Sugar; $1,000 Reading and 26S20 Distili-
ing and Cattle Feeding. Bonds were
strong. The sales footed up s., 929, COO
New York Stock List, Closing Bids,
Stocks and Bonds-American Cotton Oil,
~; do preferred, 7414 Sugar Refinery,
1l21s; do preferred, 991a; American Tobac-
CO. 113l9; do preferred, ll3; Atchison, To-
peka and Santa Fe, go; Baltimore and
Ohio, 81; Canada Pacific, IS; Chesapeake
and Ohio, 22h; Chicago and Alton 1856;
chicago, Burlington and Quincy. s6lA;
Chicago Gas, 587s; Delaware, Lackawan-
ma and Western, 1927; Distillers and Cat
tie Feeders. 22s4; Erie, 1014; do preferred,
22A; Edison General Electric, 57A I'LL
nois Central, 80; Lake Erie and Western,
24lz do preferred. S3A; Lake Shore, 1861;
Louisville and Nashville, 587s; Louisville
and N. A, 81; Manhattan. 113; Memphis
and Charleston, Is asked; Michigan Cen
trail 100; Missouri Pacific, 32Ia Mobile and
Ohio, 24A; Nashville. Chattanooga and
81 lOuiS 69. United States Cordage IL.