The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-27
FINANCIAL.

FINANCIAL.
Money is steady. with fair demand
Domestic ENchange-The tone of the
market is steady. Banks are buying at
par and selling at "a per cent. premium
from 500 TO 81. 200; for larger amounts,
$3.50 per $1,000
Foreign Exchange - Market firm.
The following are net Savannah QUOTA
tions: Commercial, demand, S4S7i4; sixty
days, %.S634; ninety days, S4S6i4 conti-
nfentals' steady; francs. Paris and
days, S5.20ls; marks, sixty days, "a Isle.
Securities-Market is quiet and dull
State Bonds-.Georgia, AZ per cent, 1915,
ia bid, 1l5 asked; Georgia per cent,
1886, 104la bid, 1852 asked; Georgia 49, per
cent, long dates, lOll2 bid, 102i5 asked.
City Bonds-New Savannah per cent.
April coupons, 1851 bid, 1861 asked; new
Savannah per cent. May coupons, 1851
bid 1852 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, l20 bid, asked; Sa-
vannal and Western railroad per cent
trust certificates. 80 bid % asked: Sa-
vannah. Americus and Montgomery 6 per
cent, 40 bid, 50 asked; Georgia railroad
6 per cent, 1910, l09 bid. 10 asked: Georgia
Southern and Florida, first mortgage
per cent, "a bid, s. asked; Montgomery
and Eufaula first mortgage G per cent
Endorsed by Central railroad. 102 bid lO3
asked; Augusta and Knoxville first mort
gae per cent. 100 bid. 1o2 asked;
Ocean Steamship per cent. due 1925, 5I;s
bid 9Sla asked: Columbus and Rome FIRST
mortgage bonds, Endorsed by Central rail
road, - bid, 43 asked; Columbus and
Western per cent, guaranteed 107 bid,
10 asked; City and Suburban railway first
mortgage Z per CENT, = bid, s. asked
Savannah and Atlantic per cent, in
dorsed 10 bid, 20 asked; Electric railway
first mortgage 6s, - bid asked. South
Georgia and Florida first mortgage Z per
cent, 100 bid, 10 asked; South Georgia and
Florida second a tr cd |.
Alabama Midland ssh bid, 81 asked.
Brunswick and Western As, guaranteed. u
Railroad stocks-Central common. -
bid, 151A asked; Augusta and Savannah
per cent, guaranteed, 70 bid. 81 asked;
Georgia, common, l51 bid, l99 asked; South
western per cent, guaranteed. including
order for div, % bid, 90 asked Central
per cent certificates, with order for de-
and West Point railroad stock. sc bid, IS
asked; Atlanta and West Point per
Bank Stocks. Etc.-Citizens Bank,
Il a. bid. IS Is asked; Ger aa4 B Bsnk.
Bank IS 6d, ioe asked e National T BANK
of Savannah 100 bid. 131 asked;
Oglethorpe Savings and Trust Company,
State of Georgia, 163 bid, les asked; Savan-
nah Bank and Trust Company los bid, l06
asked; Chatham Real Estate and Improve
vannah Construction Company. IS bid,
rs asked; Title Guarantee and Loan Com,
pany. rs bid. so asked.
London, Feb. 26.-Bar silver was quoted
at q l1-16d,
New York, Feb. 26-Money on call was
easy at IL per cent; the last loan was al
IL per cent, and at the closing was Of
fered at " per cent. Prime mercantile
Bar silver, 6O9sc. Mexican dollars. 4Sikc.
Sterling exchange is strong, with actual
business in bankers bills at $4S7M4.S7h
for sixty days. and 4SSl204SSsz for de-
mand Posted rates, $iS7l2Q4S9lz. Com
mercial bills, 4.S614 d4.S6A.
Government bonds steady; state bonds
dull; railroad bonds were weaker.
Silver at the board was quoted at 607sc
New York Feb. 26.-The treasury bal
ance5 to-day were as follows Coin, $50,
70l 600; currency, S4.6S3,000.
New York. Feb. 6-Noon.-Erie, 81;
Northwestern, 80; do preferred, 1875; Lake
Shore, 1876; Norfolk and Western. pre-
ferred, III; Western Union. S794; South
ern Railway, common, 97s Southern Rail
way. preferred, 31% American Sugar, 90l5;
Baltimore and Ohio, 60; Canada Southern,
IS; St Paul, 55h; Rock Island, 621k Della
ware and Hudson, 12612; Delaware Lack
awanna and Western, 15S; Manhattan. 10S:
Michigan Central, 81; New York Central,
New York Feb 26-The tendency of
prices was downward at the Stock I1x-
change to-day, and at times the pressure
from bearish sources was quite pro-
nounced Cammack brokers were more
prominent in the dealings and erstwhile
bull on the Industrials, il was said has
joined forces with this contingent The
strength of Sterling Exchange caused
some uneasiness, and the traders who were
short of the market were endeavoring to
create an impression that gold will be ex-
ported shortly, as the rates are up to the
shipping point. 1t is needless to say that
this belief does not obtain in banking
circles, and not the slightest doubt is felt
nv Ia nlsers If tho a bi,itv of the bond s,rn
dictate to carry out its contract with the
government; The first drive was made
against Chicago Gas. the stock being
hammered down nearly two points to
701a near the opening on Chicago advices
that Attorney General Mooney proposed
TO test the legality of the recent changes
i'm the board of directors of the subsidiary
companies. The granting Of franchises to
two new companies by the Chicago COM
mon council last night was also used
against the stock. but late in the day, when
it was announced that Mayor Hopkins
would veto the ordinances. rally to 7Ap
707s was recorded. Two of the Vanderbilt
stocks-New York Central and Northwest
ern-were then taken In hand and de-
pressed TO 9734 for the former and 8SA for
the latter, a decline of ia to rs per cent
respectively. 1t was thought that the
bulk of the selling in these stocks was
for the short account The general list
Huntsville and Nashville. St. Paul and
Missouri Pacific were rather prominent
in the dealings. Near the close Northern
Pacific preferred was more active, ana
ran off rapidly TO l3$l. a decline Of ~ per
cent. In the inactive lists Susquehanna
and Western preferred fell "A 70 81 and
rallied to 36lh. Adams Express rose ~
10 IA: American Express sold down to
lO9dl10 and United states Express Y TO
49, Canadian Pacific recovered % to 49,
Consolidated Coal declined 3i2 to 90
Among the Industrials Cordage securities
moved up on buying for small pool. The
bonds jumped about 3 points, and stocks
moved up %M1A per cent, but subseq uent-
" lost part of the rise. Sugar yielded a
point to 901z on the revival Of the re-
ports of a reduction in the dividend TO an
- aDt he -fc fTnhaFp0 ~
s7ib. and Cotton Oil advanced ~ to 20344
2ltk DistiIine was firm. The reorsaniza-
ton plan. which is expected this week
common and 100000 preferred. The Old
stock is to he assessed "a per share. fo'
which holders will receive first mortgage
bonds Holders will get SO per cent. IL
new common and 20 per cent in new pre-
ferred for the old stock. The market