The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-06-25
FINANCIAL.

Commercial demand, slss sixty days.
s4So; ninety days, $4-Sliz; conunentals,
steady; francs. Paris and Havre' s iS,-y
days, S5.ni Swiss. sixty days, s5.lSA'
marks, sixty days, 80 3-l6.
Securities-The security market IS snow
ing signs OF weakness in Central issues
ne advance appears to rapid 10 hold:
State BOnds-GeOrgla, ~ per cent, 1913,
10 bid, ll6 asked, Georgia, Z per cent,
1870. l0S bid, l06 asked; Georgia 81 per
cent, long dates. 1928 bid. lg5lz asked
georgia 81 per cent. 1915. l0l bid, iuz asked.
City Bonds-New Savannah per cent
July coupons. l07ia bid. - asked; New sa-
Nannah per cent. August coupons WA
bid. JOS asked
Railroad Bonds-Central Railroad and
Banking Company cOllassral, gold os, 50
blu, lU0 asked; Central consolidated mort
gage per cent, coupons, January anu
July maturity, 124 bid. asked SaV1n-
nan am Western railroads per cent trust
certificates, 53i2 bid. 5iIa asked. savannah
Amerlcus and Montgomery per cent, %
DID % asked, Georgia railroad per cent.
1910. ll5 bid, ll5 asked; Georgia southern
ana Florida first mortgage, per cent, %
bid, 100 asked; Montgomery and Euiaula
nrst mortgage 6 per cent, indorsed by
Central railroad, l05 bid. lOJ asked; Angus
ia and Knoxville first mortgage Z per
cent, l02 bid, l03 asked; ocean Steamship
per cent, due 1920, Ti5 bid, 9Sl9 asked;
Columbus and Rome first mortgage bonds,
indorsed by Central railroad, - bid, 30
asked; Columbus and Western per cent
guaranteed, - bid l12 asked; City and Su-
burban railway, first mortgage per cent,
asked; South Georgia and Florida first
mortgage Z per cent, 1906 bid; asked;
mortgage, los bid. asked; South Bound
railroad 5s, indorsed, 74Ih bid, 1872 asked;
Alabama Midland, SO bid 80 asked; Bruns-
wick and Western As, guaranteed,
Railroad stocks-Central common. l4h
bid, IS asked; Augusta and Savannah
per cent, guaranteed, 70 bid, 81 asked;
Georgia
southwestern per cent. guaranteed. In
Guiding order for div, sig bid. 1872 asked;
central per cent. certificates "a BID, y
asked; Atlanta and West Point railroad
stock 9ii3 bid. So asked; Atlanta and West
Point per cent. certificates, 9ila bid. IS
Bank Stocks, Etc.-Ciuzens Bank, JOG
bid, lO1 asked Chatham Bank, 40 bid,
80 asked; Germania Bank. 1O5 bid,
asked; Merchants National Bank. l0l bid,
l02 asked; National Bank of Savannah, 1870
bid. lS3 asked; Oglethorpe Savings and
Trust Company 100 bid. l01 asked: South
ern Bank Of the State Of Georgia, l65 bid,
l66 asked; Savannah Bank and Trust
Company, l06 bid. los asked; Chatham Real
Estate and Improvement Company, "a
BID $40 asked; Savannah Construction
Company, "a bid, 75ib asked; Title Guaran-
tee and Loan Company, 50 bid, 81 asked;
Brush Electric Light and Power Com
pany, 90 bid IS asked; Savannah Gas
Light Company, 2Oi2 bid. Ply asked; Savan
nah Brewery Company. 90 bid. "a asked.
New York, June 4.-Money on call has
been easy, at 1Mli5 per cent. The last
loan was at l per cent, and at the closing
was offered at per cent Prime mercan-
tile paper, SM3l1 per cent. Bar silver. 66Mc.
Mexican dollars, 53c. Sterling exchange,
firm, With actual business in bankers bills
at S4SSl5Gt4.S9 for sixty days and &.S9l5d
4.S9A for demand. Posted rates $4.S9d4 80.
Commercial bills. AS150f4SSA. Govern
ment bonds, firm; state bonds, quiet; rail-
road bonds We're steady, Silver at the
board was quiet
New York. June 2l-The treasury bal
ances We're as follows: Coin, Sl04, 600;
currency, S66,77l coo.
New York. June a. noon.-Erie csc;
Northwestern, 95%ic do preferred, 49, Lake
Shore, 800; Norfolk and Western preferred
1919; Western Union, 80; Southern Rail-
way. common, IA; Southern Railway pre-
ferred, 4lla; American Sugar 1887: Balti-
more and Ohio, 63i9; Canada Southern, So
st. Paul. GS; Rock Island, Y; Delaware
and Hudson. 1917; Delaware, Lackawanna
and Western, 1872; Manhattan. 1l3; Michi-
gan Central, 10ll2; New York Central
10i%.
New York, June 24.-The reactionists.
who expected that the raid on American
Sugar made on Saturday would democrat
ize the general stock market met with
disappointment to-day. In the first place
London bought our securities when It was
quite generally expected that the for
elgners would turn up as sellers in view
of the retirement of the Rosebery cabi-
net. Again the better class of stocks
particularly Lake Shore, developed unex-
pected strength. The stock named sold
as high as ISL for full lots, while odd
amounts commanded 1919. These are the
best figures for this issue ever made.
The rise in the stock called to mind Mr..
Morgans recent statement that there was
a good market for choice securities, was
not an idle boast, and had much to do
with the covering movement in the gen.
eral market that took place in the after
noon to-day During the morning session
the efforts TO depress prices were only
partially successful, Sugar, Tennessee
Coal and Iron, Susquehanna and Western
and Leather common receding I5dSs per
cent, while the prominent issues Welded
only fractionally. The reaction in Ten
nessee Coal and Iron was only nominal,
considering the sharp rise in the stock
since the infusion of new blood in the d.
rectory. In the afternoon trading, how
ever, there were few signs of weakness,
in fact, the market assumed a decidedly
stronger tone, and prices advanced sharp.
~. Sugar, which had sold down to 1924
early in the day, bounded up to 115st on
transactions of nearly $4,000 shares Gen
eral Electric sold up IL per cent. TO 37Is
on good buying. The rumor in the board
was that negotiations with the Westing,
house Company had been resumed. This
story is revived. however. every time The
stock gets active. There was more do
ing in the iron and steel stocks, Illinois
Steel rising from 74Ia to 7S7k and Mime,
sofa Iron from 642s to CTS The Changers
and Vanderbilts and Anthracite Coalers
were in request and closed higher on the
day. New England made a sensational
advance from 46l2 to Sly bid on an uncon-
hrmed rumor that the New Haven CON-
the road, will grant value privileges 10
stockholders. Speculation closed firm.
with prices anywhere from TO ~ per
cent. higher on the day. New England
gained ). Total sales were 291, IT'S shares
including 10000 listed and III, 900 unlisted.
Bonds were strong. Sales footed up
s.. 947. co.,
New York Stock List-Closing Bids
Stocks and Bonds-American Cotton Oil
49, do preferred, 7434 Sugar Refinery, 115lk;
do preferred, 1914; American Tobacco, 112%;
do preferred, ia; Atchison, r. and S. F.
10; Baltimore and Ohio GO; Canada Pacific,
537s Chesapeake and Ohio. 225s; Chicago
and Alton, 1873 bid; Chicago, b. and g.,
S59s Chicago Gas, 727s; Del, Lack and
Western. 1929 Dis. Cat. Feed, 2O2; Erie.
g; do preferred, 20; Edison General Flee
trio, 373s Illinois Central, IS; Lake Erie
and Western, 24ls; do preferred, 49,: Lake
Shore 1907; Louis. and Nash. 5Ssk: Louis.
and N. A, 99s; Manhattan, 1857; Memphis
and Charleston. Is asked; Michigan Cen
trail, 102l5; Missouri Pacific 325s Mobile
and Ohio 24ih; Nash, c. and St L.. 6s:
Z. S. Cordage, 49, do preferred. IL; n. ].
Central, 100A n. Y. Central 1917; n. Y
and n. e., 51h; Norf. and West preferred.
-; Northern Pacific. IA; do preferred, IS:
Northwestern, 997k; do preferred, 1887; Pa
cifc Mail, Boss: Reading. ia; Rock Island,