The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-06
FINANCIAL.

Money is steady, with fair demand.
domestic Exchange-The tone Of the
market Is steady. Banks are buying at
par and selling at u per cent. premium
from 500 to $1,000; for larger amounts.
$50 per $1,000
Foreign Exchange - Market firm.
The following are net Savannah QUOTA
Iions' commercial, demand. SASS; sixty
day, A.@; ninety days. 4S6ia; CONT
Havre,- sixty days. S5iSiI; Swiss. sixty
days $2l9s4, marks, sixty days, 80
oScurlueS-Market Is quiet and very
State Bonds-Georgia, ~ per cent, 1915
ll4 bid, ll5 asked; Georgia per cent,
1896, 10il5 bid, 1855 asked; Georgia 81 per
cent, long dates, lOli@ bid. 1922 asked.
city Bonds-New Savannah 5 per cent
April coupons, lo5l2 bid, 106la asked; new
S StH ma per cent. May coupons, 1861
Railroad Bonds-Central Railroad and
Banklng Company collateral, gold IS, 80
bid. 30 asked; Central consolidated mort
gage Z per cent coupons. January and
July maturity, 120 bid, - asked; Sa-
vannaE and Western railroad 5 per cent
trust certificates. 50 bid. 81 asked; Sa-
vannah, Americas and Montgomery per
cent, AZ bid 40 asked; Georgia railroad
per cent, 19lO' iGS Pa, no asked; Georgia
Southern and Florida, first mortgage
per cent. SO bid So asked; Montgomery
and Eufaula first mortgage 6 per cent
indorsed by Central railroad, 101 bid, f03
asked; Augusta and Knoxville first mort
gaze per cent, 100 bid, 102 asked;
Ocean Steamship 5 per cent. due 1920, J1ia
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 per cent, bid, s. asked
Savannah and Atlantic 3 per cent in
dorsed, 10 bid, % asked; Electric railway
first mortgage 6s, bid, asked; South
Georgia and Florida first mortgage Z per
cent. 100 bid, 40 asked; South Georgia and
Alabama Midland, sSia bid, 81 asked!
Brunswick and Western Is, guaranteed, y
asked.
bid. 151a asked; Augusta and Savannah I
per cent, guaranteed, 70 bid, 81 asked:
Georgia, common, 157 bid, 1853 asked; South
order for div, 67Ia bid. $50 asked; Central
per cent. certificates, with order for de-
faulted interest, Is bid, 10 asked; Atlanta
and West Point railroad stock, 81 bid, 50
asked; Atlanta and West Point per
cent. certificates. 81 bid SO asked.
1o% % Bid i ios asked; Chatham BBa anK
A bid, 4G asked; Germania Bank,
1021s bid, 1881 asked; Merchants National
Bank; 96,2 bid' 30 "a asked; National Bank
oglethorpe Savings and trust Company,
IS bid. 100 asked; Southern Bank of the
State of Georgia. 1853 bid, 165 asked, Savan-
nah Bank and Trust Company, los bid, l05
asked; Chatham Real Estate and Improve
ment Company. 81 bid, So asked; Sa-
76 asked Title Guarantee and Loan Com
pany. IS bid. SO asked
London. March Bar silver was quot
New York. March 5.-Money on call has
been easy at 1iad2 per cent; the last
loan was a per cent. and at the closing
was offered at per cent. Prime mercan-
tile paper. 4Il4ia per cent. Bar silver,
605sc. Mexican dollars, 4Si2c. Sterling ex-
change is firm, with actual business in
bankers bill at SASH3Q4S1S4 for sixty
day and S4S9@4S91 for demand Posted
rates, $4.SS1z0490 Commercial bills. 81. S6ia
GI4S755. Government bonds were lower;
dull Railroad Ic
were irregular. Silver at the board was
New York, March 5.-The treasury bal
ances were as follows: Coin, $50 6S6,OOO
New York, March 5.-Erie. 81; North
western, SS4; do preferred, 1857; Lake
Shore, 1859; Norfolk and Western pre-
ferred, 9% Western Union S63l South
ern Railway common, 10; Southern Rail
way preferred, 30ls; American Sugar. 925s;
4724; st. Paul, SAY; Rock Island, 61H:
Delaware and Hudson, 125ia; Delaware
Iackawanna and Western, 1885, Manhat-
Central, 96la.
New York, March 5.-London buying or
ders stiffened the local stock market at
the opening and prices moved up to "A to 1$s
per cent. The cessation of lfquidatiOnS
for foreign account infused a little cour-
age into local dealers and commission
houses also reported a better inquiry
from outside sources. The good feel
ing, however, was soon destroyed by a
break in Chicago Gas of 1st to 20, on
the announcement from Chicago that
Mayor Hopkins had signed the Ogden
Gas ordinance after all. The impression
had prevailed here that the measure
would be vetoed, and on this theory there
was some covering of shorts and buying
for the long account late yesterday. The
action of the mayor led to a complete
change of front this morning. and not
only was the stock accumulated thrown
overheard, but new short interest was
made The decision of the United States
supreme court in the Bate case is still
affecting General Electric securities, and
stock fell ! TO 26GI26I4, and the debentures
! to SSA. There was quite a struggle in
American Sugar and at the end the bears
had a little the best of it, the stock clos
ing al 49, after selling 923sM931s. Rumors
about the dividend were plentiful. 1t Is
now asserted that the regular rate will
be maintained but the sum OF money re-
quired will be taken from the company
surplus. In the afternoon the market
drifted into dulness, but near the close
trading became more brisk, owing to ef-
forts to cover short contracts. In this
movement the high-priced anthracite
coalers were most prominent, Jersey Cen
tral rising to S$sGt8lls, and LackaWanna
u to 1888. The last named subsequently
receded to 157l2. The rise in the stocks
was accompanied by reports of a proba-
bis esrIv settlement of the trouble, some
allotment on the question, but nothing
definite developed about the matter. SO
far as known the report OF Ihe sup,co Oh.
mittee has not reached the PRESIDENT yet
Beading was quiet at 19sGSl4. The Gran
GERS and Vanderbilts were stronger on
Covering of shorts. The Bituminous
CoaIers were quiet, pending, the outcome me
Of the meeting of Ohio producers in this
citv Tomorrow In the spec!alties, Pitts
buTg and Western preferred, advanced
IL TO 32ib on an increase in Febru2ry
earnings Of S30,3S0. American Cotton OIL
T%aferTed. Jumped to 67ls, and the com
mon n, rose IL to 24G291a. Tobacco sold up
81 to 9274G9ls4. and Canada Pscitlc fell Re
tx al Speculation closed hrm, WIN
ry,ces anywhere from IL to IA per cent
above yesterdays finals; General El Flee,
trio lost 4, Sugar p and Chicago Gas "a 80, !
P6ares against &3S,416 yesterday Ster-
Ing exchange attracted less attention and
while it closed strong at the hlgn ng-
res recently ruling, the market was con-
eidered 10 be toppy and fever.sh. The
bond market was irregular at the stock
E;xchange, but outside dealers report an
listed stocks aggregated 129. 600 shares. ana
ii. r.I- r...4.d 1870 20 nNn ehares.