The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-08
FINANCIAL.

1loney IS steady, with fair demand
Dohlesuc ENchange-The tone of the
market Is steady. Banks are blxine at mar
e. ~ ~ seillhg al Is per cent premium up to
S''g SC; over % 600 at $loo per 5000.
foiloui1San hange-Market steady. The
C5%lroNlng, are net Savannah quotations.
commercial demand, SS8g4, sixty DAYS
St,ot'A. ninety days, 4e7ss: continentals
steady francs, Paris and Havre, sixty
days S5.1s&; Swiss, sixty DAYS. SEQ.
marks, sixty days, IS SIG.
Securlties-Ihe market is dull and weak
ef Tor Central issues.
state Bonds-Georgia, a. per cent 1915
10 bid, ll6 asked; Georgia Z per cent.
1920, lO4l3 bid, 1852 asked: Georgia 3D. per
cent, long dates. l02 bid. l03 asked
city Bonds-New Savannah 5 per cent
JuIy coupons, Jos bid, 49, asked New Sa-
'Vannah per cent, August coupons, 1O6
bid, 1862 asked
Railroad Bonds-Central Railroad and
i91aa5hklng Company collateral. gold IS. 20
Dld, 70 asked. Central consolidated mort
S fS,s,e : per cent; l., coupons, January and
nan and western railroad per cent trust
certlhcates, 81 bid. 50 asked: Savannah
Amerlcus and Montgomery 6 per cent, 50
nld,oo12 asked Georgia railroad per cent
1910, : bid, 10 asked: Georgia Southern
ana FLORIDA first mortgage 6 per cent. 81
6ld, asked; Montgomery and Eufaula
Central railroad iO2 bid, los asked; All
gusta and Knoxville first mortgage 7 per
cent, 30 bid, 100 asked; Ocean Steamship
o per cent, due 1920, 97ia bid, 9Si5 asked;
columbus and Rome first mortgage bonds
Endorsed by Central railroad. . bid AZ
asked; Columbus and Westei 4 6 per cent
guaranteed, 10 bid, ll2 asked City and SUI
burban railway first mortga Se 7 per cent,
n bid, 50 asked; Savannah and Atlantic
per cent, Endorsed, 10 bid, % asked; Elec-
trio railway first mortgage 6s, SO bid Al
asked; South Georgia and Florida first
mortgage Z per cent. los bid, 107 asked:
South Georgia and Florida second mort
gage, 105 bid LOG asked; Alabama Midland
- bid, 81 asked: Brunswick and Western
As, guaranteed, Y asked.
Railroad Stocks-Central common, liz
bid, 12ls asked; Augusta and Savannah Z
per cent, guaranteed, II bid, 81 asked;
Georgia, common, 157 bid, 159 asked; South
western per cent, guaranteed, including
per cent. certificates, with order for de-
faulted interest. 16 bid, II asked; Atlanta
and West. Point railroad stock, 90 bid, "a
asked; Atlanta and West Point per cent
certificates, 951a bid. 96i9 asked
Bank Stocks, Etc-Citizens Bank. JOB
bid, l04 asked; Chatham Bank, AZ bid, As
asked; Germania Bank, 1903 bid, 104
asked; Merchants National Bank. 9Sls bid,
100 asked; National Bank of Savannah, 1873
bld,l34 asked ;Oglethorpe Savings and Trust
Company 100 bid, 101 asked: Southern Bank
of the State of Georgia, 1854 bid, 165 asked;
Savannah Bank and Trust Company 105
bid, JOG asked; Chatham Real Estate and
Improvement Company. SPY bid 5312 asked;
Savannah Construction Company, 74l5 bid,
751z asked; Title Guarantee and Loan Com
pany. so bid, asked; Brush Electric
Light and Power Company 55at bid, 561b
asked; Savannah Gas Light Company, 70
bid, q asked.
New York. May 7.-Money on call was
easy at 112 per cent; the last loan was at
IL per cent. and at the closing was offered
at Ia per cent Prime mercantile paper
3l9q4 per cent. Bar silver, 66Ac. Sterling
exchange quiet with actual business in
bankers bills at S4.s71b14 S7s4 for sixty
days and "a. SS1A6I4 SSs4 for demand Posted
rates, $4.SSd4. S9l2; commercial bills, 4.s6I5
q4S.A. Government bonds strong State
bonds were firm: railroad bonds active;
silver at the board was quiet
New York, May THE treasury ball
ances were as follows Coin, $50, 45O,0c0.
New York May 7.-Noon.-Erie. 1917;
Northwestern, 80; do preferred, 14l12 lake
ferred, 151a; Western Union, 9O1s; Southern
Railway, common, 14a4; Southern Railway,
preferred, 40 American Sugar, rs; Balti-
more and Ohio, IS; Canada Southern SO;
st. Paul, 65A; Rock Island IS; Delaware
and Hudson, 1895; Delaware, Lackawanna
and Western, 1901; Manhattan, 1875,
Michigan Central, $685.; New York Central,
99A
New York, May There was a further
broadening of the markets a the stock eX-
change to-day. Stock sales aggregated
3S4, $50 shares, the biggest days business
since the market turned in March last,
while the trading in bonds reached a
total of S3,545,0OO. a feature of speculation
was the strenuous efforts of the bears in
the Changers to get back their contracts.
The recent rains in the wheat belt and the
improvement in earnings of the roads has
created a decided change in sentiment as
to the value of the shares, and to-day st.
Paul sold up 65ss Rock Island to 1914 /.
Burlington and Quincy to 1875 ana North
west to $685.. Chicago and Eastern Illi-
nois was more active than of late and
moved up from 81 to 54A The revival of
activity in the stock was due to the official
statement that the fight with the Illinois
Central and Louisville New Albany and
Chicago has been settled and that on May
l, coal rates had been restored. This, it
is said means an advance of 25c per
ton to the companies interested. The Van
derbilts were in request, but the demand
ran principally to the Chesapeake and
Ohio's and Big Four stocks. Chesapeake
and Ohio sold as high as q, and Big Four
common crossed A. The low priced shares
doomed into prominence and Pacific Mail
moved uD from 241a to 2612 on the official
statements that the long. pending deal
between the company and the Panama
road had been completed There was
plenty of bull gossip about the stock and
it had much to do with the rise. Sugar
again led the industrials, rising to 115sz.
At the opening there was heavy selling to
realize profits and the price forced back
to 1145s, but as the day wore along the
stock improved and left off at 1855. II
was not generally known on the street
that refined sugars had been advanced
again late in the day Chicago Gas was ir-
regular, and Leather and Rubber rather
weaker on realizatOns Speculation
closed strong to bouyant. either prices
anywhere from "a to per cent. higher
than on yesterday. In a general way, the
market was influenced to-day by the weak
European purchases of our securities; the
rains in the northwest, and to the improve
ment in railway earnings. The largest
transactions were in Sugar, 4S,l00 sharee.
The bond market was active and still
higher prices were recorded. The sales of
listed stocks were $4,000 and of unlisted
stocks, Il 900 shares.
New York Stock Lst-Closing Bids
Stocks and Bonds-American Cotton Oil,
ZsH; do preferred, 76is; Sugar Refinery,
1857; do preferred, 991a American To-
bacco 104; do preferred. 1913; Atchison, T.
and s. F. 61s; Baltimore and Ohio, 57i4;
Canada Pacific, 52A; ChesaP3eeake, and OHIO.
and O., 1872; Chicago Gas, 1875; Delaware,
Lackawanna and Western, 1902; Distiilers.
Cattle Feeders, 1915 Erie, 1879; do pre-
ferred. 251s; Edison General Electric. 349s;
Illinois Central SO; Lake Eric and West
ern, POS: do preferred, 77A; Lake Shore
143s4; Louisville and Nashville, $50; Louis.
and n A., 81; Manhattan. 1l9: Memphis
and Charleston, 10; Michigan Central, 99A;
Missouri Pacific, 2774 Mobile and Ohio,
1917: Nashville, Chattanooga and st. Louis,
70; United States Cordage, go; do pre-
ferred. 1Ol4; n: J. Central; 9S9l y. Y. Cen ZEN
trail 1855; N Y and n. E, i13s; Norfolk
and western preferred, II; Northern Pa