The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-08

2
/ y active; domestic fair to extra, 44Q6c,
japan, 4l4Qi1zc.
FINANCIAL.
Money is steady. with fair demand.
Domestic EXchange-The tone of the
market is steady. Banks are buying AZ par
and selling at i per cent. premium from
| 500 to $1,000; for larger amounts, $3.50 per
| 81. Geo.
Foreign Exchange-Marl1et firm. The
following are net Savannah quotations:
A.S7; ninety dcys. &S6la; continentals,
steady; francs, Paris and HaVre, sixty
days, $5.lSl2; Swiss; sixty days, S5-ls24;
marks, sixty days, %.
Securities-The market is quiet and very
dun, with light offerings.
State Bonds-GeOrgia, AZ per cent, 1915,
114i2 bid, 115i2 asked; Georgia per cent,
1896, 10il2 bid, 1859 asked; Georgia 3i2 per
cent, long dates, 1917 bid. 1O2la asked.
City Bonds-New Savannah per cent.
April coupons, 1852 bid, 1852 asked; new
Savannah . per cent May coupons, 1852
bid, 1862 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold IS. 80
bid, SO asked; Central consolidated mort
gage per cent coupons, January and
July maturity, 120 bid, asked; Savan-
nah and Western railroad per cent trust
certificates, 80 bid, 50 asked Savannah.
Americas and Montgomery 8 per cent, AZ
bid, 40 asked; Georgia railroad per cent,
1910, 109 bid 10 asked; Georgia Southern
and Florida first mortgage per cent, "a
bid, Sc asked; Montgomery and Eufaula
first mortgage per cent, indOrsed by
Central railroad 1Ol bid l03 asked: Au-
gusta and Knoxville first mortgage per
cent, 100 bid, 102 asked; Ocean Steamship
3 per cent, due 1920, 97la bid, 1872 asked;
Columbus and Rome first mortgage bonds,
1ndOrSed by central railroad, - Dld, 4j
asked, Columbus and Western per cent,
guaranteed 107 bid, 10 asked; City and Su-
burban railway first mortgage Z per cent,
- bid, So 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, lO5 bid, 10 asked;
South Georgia and Florida second mort
gage, los bid 100 asked; Alabama Midland,
- bid 81 asked; Brunswick and Western
As, guaranteed Y asked.
Railroad Stocks-Central, common, l2ie
bid, 1872 asked; Augusta and Savannah
per cent, guaranteed, IS bid, 81 asked;
Georgia, common, ISL bid, 1883 asked; South
western per cent, guaranteed, including
order for div, 67lb bid 6Sia asked; Central
per cent. certificates, with order for de-
and West Point railroad stock, 81 bid, 50
asked; Atlanta and West Point per
cent. certificates, 81 bid, SO asked.
1011s bid, 1927 asked; Chatham Bank,
a bid 46 asked; Germania BanK,
102l5 bid. Jos asked Merchants National
Bank 81 bid 80 asked; National Bank
of Savannah, 100 bid, asked;
Oglethorpe Savings and Trust Company,
IS bid, 100 asked; Southern Bank of the
State of Georgia, 1914 bid. 165 asked; Savan-
nah Bank and Trust Company 105 bid, LOG
asked: Chatham Real Estate and Improve
ment Company, 50 bid, SO asked; Savan-
asked; Title Guarantee and Loan Com
pany, 70 bid. 81 asked.
London, March 7.-Bar silver was quoted
New York, March money on call was
steady al per cent; the last loan was at
2 per cent. and at the closing was offered
at per cent.
Prime mercantile paper, 4A05 per cent;
bar silver, 60Ac; sterling exchange, hrrn,
with actual business in bankers bills at
$.S7s4@4S8 for sixty days and MS9d4S9A
for demand posted rates, $48S12d49O; com
mercial bills, S4.SG2l Gl4.S7l5; government
bonds lower; state bonds were dull; rail-
road bonds were higher; silver at the board
was quoted at 609sc bid.
New York. March THE treasury bal
ances to-day were as follows Coin, $780,
$4,000: currency, S74,37S,OOO
New York, March z, noon.-Erie, S44
Northwestern, SS3s; do preferred, 1879; Lake
Shore. 1855; Norfolk and Western pre-
ferred, 101s; Western Union, 81; Southern
Railway common, 10; do preferred. SOA
American Sugar, 9l9s; Baltimore and
Ohio, 521s; Canada Southern, ASS; St.
Paul, 54% Rock Island, SIS; Delaware
and Hudson 125l2; Delaware, Lackawan-
ma and Western. 15S; Manhattan, 10712;
Michigan Central, 92l2; New York Cen
trail 95
New York, March 7.-American Sugar
monopolized the dealings at the stock eX-
change, the stock figuring for l53, 100 shares
in a total of 262, 055 shares for the enure
list At times the excitement ran high
and big blocks Of the stock changed hands
with great frequency one house bought
5000 shares and half dozen or so other
firms handled lots of 1900 to 1900 shares,
The stock opened at 9l4 and then rose
to 927s on the advance in the price OF re
fined of lis of a cent per pound. me
rise brought out heavy offerings and
reaction to 91i4 followed. Brokers cred
tied with acting for insiders were given
nm as sellers, probably for the purpose of
throwing the traders off the scent. 1t was
soon discovered, however, that certain
capitalists closely affiliated with lower
Wall street interests, under cover OF these
sales were using other firms to accumu-
late the stock. When the bears who have
been pounding away at the stock for days,
found this out, there was rush to cover
which developed into a perfect scramble
when ii was announced that the directors
had declared the usual dlVlde ei "a, OF
cent on the preferred. The arch manip-
ulators in the stock succeeded in covering
their tracks pretty Well put enough
leaICed out to convince the street that
the directors have been working at cross
purposes for some time on the dividend
question and that the HaVemeEer party
has come out ahead as usual Whlle
nothing definite is known, the impression
is that the Brooklyn contingent favored
A reduction in the dividend rate ana that
us followers have been conducting their
stock market operations accordingly with
The result that they had to get back their
shorts as best they could afterthe declar-
alton of the regular rate. Outside Of
Sugar which closed at the top notch.
there was very little to the market. New
York Central and Baltimore and Ohio
"a, re weak among the railroads. The first
T T51 dropped from IS to 1895, the de-
cline being accompanied by rurnors. of I;
~ in Inc dividend Nothing official 50
looked for until the 10Th instant Wagers
vJsre offered to-day that the rate viii be
cut. Baltimore and Ohio sold down to 50,
the lowest yet reached n the present
doyvnward movement. but later rallied to
58il. The general list moved UP slightly
i'm sympathy with Sugar, bur later lost
mr. when New YORK Cen
]. trail developed weakness. In the final
dealings a steadier tone prevailed. The
net changes were irregular some stocks
showing gains Of NON and others losses