The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-04-02
FINANCIAL.

ASaA -1tIOC
FINANCIAL.
Money is steady with fair demand.
Domestic EXchange-The tone of the
market is steady Banks are buying at par
and selling at = per cent. premium
Foreign EXchange-Afarket firm. The
following are net Savannah quotations:
Commercial demand S4SS% sixty days,
$S7%; ninety days. A.S6ls; eontinentals,
steady; francs, Paris and Havre, sixty
days. $5lS&; Swiss, sixty days, $50;
marks. sixty days, IS 3-16
Securities-The market is steady. but
dull. Central issues are inclined to be
nominal; Southwestern, weak
State Bonds-Georgia, AZ per cent, 1915,
lldasA I bid ll5lS asked: Georgia z per cent,
cent. long dates. lO1k bid. 1929 asked.
city Bonds-New savannah 5 per cent.
April coupons, LOG bid. 1861 asked; new
savannah per cent. May coupons, LOG
bid 1864 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral. gold S. 80
bid, IS asked; Central consolidated r7ort-
gage Z per cent. coupons, January and
July maturity, l2 bid, asked; Savan-
nah and Western railroad per cent trust
certificates, bid, Sc asked Savannah
Americus and Montgomery 6 per cent. AZ
bid 40 asked; Georgia railroad per cent,
1910, = bid. ITO asked Georgia Southern
and Florida first mortgage 6 per cent, So
bid, Sc asked; Montgomery and Eufaula
first mortgage 8 per cent, Endorsed by
Central railroad, 80 bid, 100 asked; Au-
gusta and Knoxville first mortgage per
cent, - bid. 100 asked: Ocean Steamship
5 per cent, due 1920. 97ls bid. 9S1s asked;
Columbus and Rome first mortgage bonds
indorsed by Central railroad. bid 43
asked; Columbus and Western s per cent
guaranteed, ITO bid, 1l2 asked; City and SUI
burban railway nrst mortgage Z per cent,
- bid. S. asked; Savannah and Atlantic 5
per cent, Endorsed, Is bid % asked; Flee
trio railway first mort gage 6s. = bid, =
asked; South Georgia and Florida first
mortgage per cent, 100 bid, ITO asked;
South Georgia and Florida second mort
gage, los bid, 109 asked; Alabama Midland,
= bid. 81 asked Brunswick and Western
As, guaranteed, y asked.
Railroad Stocks-Central, common, IL
bid, 1919 asked: Augusta and Savannah Z
per cent, guaranteed. rs bid, 80 asked;
Georgia. common. 157 bid. 159 asked: South
western per cent. guaranteed, including
pei, cent. certificates, Tith order for de-
faulted interest, u bid, 1712 asked; Atlanta
and West Point railroad stock, 80 bid. SO
asked; Atlanta and West Point per
cent. certificates, SO bid, "a asked.
1872 bid. 1893 asked; Chatham Bank,
lO2h bid. 1903 asked; Merchants National
Bank, IS bid. 100 asked; National Bank
Of sav,rg 1sl an BID Trust asked
IS bid. 100 asked; Southern Bank of the
State of Georgia, 16l bid 165 asked; Savan-
nah Bank and Trust Company, lO5 bid lO6
asked; Chatham Real Estate and Improve
ment Company 50 bid, 50 asked; Savan-
nah Construction Company, 76B bid, rs
asked, little Guarantee ana Loan Com
pany. n bid, 70, ex-diyidend, asked. Brush
Electric Light and Power Co.. 60 bid, 81
asked; Savannah Gas Light Co.. 20 bid,
New York, March SU.-Money on call
was nomnally 2lR per cent. Prime mercan-
tile paper, 4%q5A per cent. Sterling ex
bankers bills, at $4,SS14 94SS1z; for 50 days,
and s4.S9lz for demand. Posted rates,
AS9G4. 9O19. Commercial bills. $4S7q4S724.
Bar silver G5%c. Government bonds firm
State bonds were duh. Railroad bonds
were active and strong. Silver at the
board was quoted az 67l5c.
London, April 1.-Bar silver was quoted
at 30 9-l6d.
New York. April Money on call was
easy and firm at 1@2 per cent; the last
loan was at per cent, and at the closing
was offered at 8 per cent. Prime mercan-
tile paper, 4AM5A per cent.
Bar silver, 67lac.
ness in bankers bills at A.SSA64. SSik for
sixty days and A.S914 "a. S91h for demand.
Posted rates, $4.S9q49O12. Commercial bills,
Government bonds were firm: state
bonds were dull railroad bonds were &C
tive and strong.
Silver at the board was quoted at Csc
New York. April 1.-Treasury balances
were as follows: Coin, $50. 1877, 900; curren-
New svS' York, April 1.-Erie, 1OM; North
western, 92ss; do preferred, iSS; Lake
Shore, 1875; Norfolk and Western pre-
ferred, 1873; Western Union. SS1a; South
eTn railway, common, lZ1S, southern
Railway, preferred, 81; American Sugar,
1922; Baltimore and Ohio, So Canada
Southern, 49l4; st. Paul, 5S5s; Rock Isl
and. 64l9; Delaware and Hudson, 12S; Del
aware, Lackawanna and Western, 1868;
Manhattan, Ill; Michigan Central, SO; New
York Central, 951s.
New York, April 1.-The week opened
with a strong and active market for
stocks The bull ranks were swelled by
outsiders and the demand included all
varieties of railway and miscellaneous is
Nna lot l4af init fal
pulse from London the foreigners having
taken round amounts of St. Paul, Atchi-
son and Louisville and Nashville. The
rains in the winter wheat belt and down
to the gulf made many bulls and the i'm
portance of these rains just at this par
ticular juncture, when damage was
threatened to the growing crops was much
commented on. Another thing which
stimulated the prices during the first
hour was the further advance in silver.
The early gain in prices ranged from Il
TO per cent. The Improvement being
most pronounced in American Sugar, To-
bacco, Jersey Central, New England.
Reading, Louisville and Nashville, Chi
cago Gas, Hooking Valley, Leather, the
Changers and the international stocks.
The rise in Sugar was accompanied by
rumors that the company intended to
distribute an extra dividend next month.
In view of the statements recently made
that the company was using part of
its enormous surplus to take out its
previous dividend payments and to the
attitude of Germany in the matter of
sugar bounties. the rumor did not receive
much credence. Chicago Gas moved up
to 72i5 on reports that the directors at
the end of the week will order the distri-
button OF the regular rate. During the
afternoon, Lackawanna suddenly broke
~ TO 1901. Jersey Central fell rs to
$685.. New York and New England 27s TO
96lh. and the general market anywhere
from ha1i5 per cent. The decline was at
tributed to reaiizations and was not en-
tirely disappointment TO those who have
been responsible for the recent upward