The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-15
FINANCIAL.

and selling at 4 per cent. premium from
| 500 to $1,000; for larger amounts, $3.50 per
| $1,000
Foreign Exchange-Market steady. The
following are net Savannah quotations.
/ Commercial demand, Sass sixty days,
| S4.dA; ninety days, I.S624; continentals,
| steady; francs, Paris and Havre, sixty
days, S5lSla; Swiss, sixty days, S5.l934;
marks, sixty days, IS.
securitiesIThe market is very quiet,
| with but retail business going on.
State Bonds-Georgia, AZ per cent, 1915,
| 114Si bid, 1l512 asked Georgia z per cent,
1896, 1912 bid. 1852 asked; Georgia 3lk per
cent. long dates. 1919 bid, lO2Ia asked.
| City Bonds-New Savannah 5 per cent.
April coupons, 1864 bid, 1852 asked; new
! Savannah per cent. May coupons, 1854
bid 1864 asked.
Railroad Bonds-Central Railroad and
| Banking Company collateral gold IS, 80
bid, 50 asked; Central consolidated mort
] gage per cent. coupons, January and
! July maturity, 12l1z bid, asked; Savan-
| nah and Western railroad per cent. trust
! certificates, 50 bid, 81 asked; Savannah,
! Americas and Montgomery per cent, A
| bid 40 asked; Georgia railroad per cent.
! 1910, 100 bid, 10 asked; Georgia Southern
| and Florida first mortgage per cent, "a
| bid So asked; Montgomery and Eufaula
| first mortgage 6 per cent, Endorsed by
| Central railroad, l02 bid, 1903 asked; Au-
| gusta and Knoxville first mortgage per
cent 100 bid, 102 asked; Ocean Steamship
| per cent, due 1920. 97la bid 9S1a asked;
| Columbus and Rome first mortgage bonds,
! Endorsed by Central railroad. bid 43
asked; Columbus and Western per cent.
/ guaranteed, llU DID, liz ASKED CITY and Su
/ burban railway first mortgage Z per cent,
| - bid. So asked; Savannah and Atlantic
! per cent, indorsed. II bid, % asked; Elec-
| trio railway first mortgage 6s. - bid,
| asked South Georgia and Florida first
| mortgage Z per cent. 100 bid, ITO asked:
| South Georgia and Florida second mort
| gage, 10S bid, l09 asked; Alabama Midland,
! - bid. 81 asked; Brunswick and Western
As, guaranteed. ~ asked.
Railroad StOcks-Cen trail, common. u
bid, 1872 asked; Augusta and Savannah
cent. guaranteed ~ bid. Al asked
Georgia, common, 157 bid. 159 asked; South
western per cent, guaranteed, including
per cent. certificates. with order for de-
faulted interest, Is bid. IS asked Atlanta
and West Point railroad stock, 81 bid, 50
asked; Atlanta and West Point per
cent. certificates, 80 bid, "a asked.
Bank Stocks. Etc.-Citizens Bank,
l4A bid fo24 as6ed cha5ham Bank
i02h bid, 1O3 asked; Merchants National
Bank. 81 bid, 80 asked; National Bank
Oglethorpe Savings and Trust Company,
| 9S bid, 100 asked; Southern Bank of the
State of Georgia, 1854 bid, l65 asked Savan-
nah Bank and Trust Company, Jos bid, 1OG
asked; Chatham Real Estate and Improve
ment Company, % bid, 50 asked; Savan-
nah Construction Company, 70 bid, &c
asked; Title Guarantee and Loan Com
pany, 70 bid 81 asked.
London, March 1.-Bar silver was
New York, March 4--Money on call has
been easy at ~ per cent, the last loan
was at ~ per cent, and at the close
was offered at y per cent. Prime mer-
camille paper, 4i2@5 per cent. Bar silver,
size; Mexican dollars, 49hc sterling eX-
change is firm with actual business in
and S4.S9AQ4S91a demand. Posted rates.
A.S9150t4.90. Commercial bills. S4.s6% a
4.Sll2. Government bonds steady. State
bonds were dull Railroad bonds were
strong. Silver at the board was 61Ssc bid,
61sc asked.
New York, March 1.-THE treasury
balances were as follows: Coin, $S7,S22,
co., currency, $72, $4,000.
New York, March 14.-Noon-Erie, s:
Northwestern. SO; do preferred 1876; Lake
Shore, 1856: Norfolk and Western, pre-
ferTed, ia; Western Union, SIS; South
ern Railway, common, 97s; Southern Rail-
way, preferred 3O%; American Sugar,
Southern, 4S1s; St. Paul. S.; Rock Island,
81; Delaware and Hudson, 1855; Delaware,
Dackawanna and Western, 1881; Manhat-
tan, 1OS; Michigan Central, 81; New York
New York. March 14-The uncertainty
regarding the dividends on St. Paul and
New York Central led to a rather ir-
regular speculation at the stock exchange
to-day. At the start Sugar was strong,
promptly recovering most of it's divi-
dend, and selling up to 1919, which is
ers were easier. st. Paul sold down a
fraction on the reiteration of reports cur
rent for a week past that the dividend on
the common stock would be reduced to
l per cent. for the six months. This was
subsequently borne out. The action of the
directors was not made known until after
the close of the Stock Exchange. Vice
President Bond, in an interview, stated
that the action of the directors was unan-
imous and that the company really earned
IL per cent. on the common for the period
for which the dividend is declared. The
foreigners sold this stock, but their Of
ferings were absorbed, and IN the after
noon there was a decided Improvement in
the Anthracite Coalers, which led to a
better feeling all around. Jersey Cen
NIL, md IITrfc md a1ra
wanna were notably strong. Jersey Cen
trail rose from S6A to S81s; Lack9wanna
from 1874 to 100, and Delaware and Hud-
son from 1244 TO 1291s; Jersey CentraI'S
rise was due in a great measure to cover
ing of short contracts. RumorS of an
early settlement are disputed; the aIiot-
ment questions stiffened the other anthra-
cite issue. New York and New Eng
land sold up to 1872 on the progress making
looking toward the reorganization OF the
property. Manhattan advanced rs to lO91s;
General Electric, ! to 1874; Consolidated
Gas IL to 133 Cotton Oh, to q; Louis
vile and Nashville, q TO 4S$s; New YORK
Central. x to $50. and the other leading
issues 4 to p per cent Near the close
Sugar fell to 9S34 on realizauons and the
general list ran off lsM3s per cent. Jer-
Sew Central and Northwestern being most
prominent in the reaction.
At the close Sugar rallied to 997sd995s,
and the railway group also developed more
steadfness and left off firm. Net changes
outside of the Anthracites and New Eng
land which rose 1a2A per cent, were
fractional either way me 1 BlIuiin selI
Coalars ruled firm, Hooking Nailey sell
mo al 93G24: Wheeling and Lake Erie at
i05G10ss, and preferred. SS2404lA In the
specialties. Great Northern preferred, rose
9to i02 The total sales were 1S9, 46Z shares,
moulding 65 100 American Sugar, 1920 Jer-
sew Central and 1900 New York and New
England. The decision of the New YORK
| Central, directors in the matter OF diyi-
dend is awaited with interest by the
street. The directors will meet tomorrow
for action Nothing has developed 70
81 "a 1irarfnTCf D0tfrX.
street opinion is divided as to whether the
regular rate will be maintained or not.
Today. if the price, be criterion, t th
believers in the regular rate were in the
majority. The activity in the railway bond
market attracted considerable attention.
The demand was brisk and especially tor
- $500, isallas (which were hene-