The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-12
FINANCIAL.


Foreign Exchange-Market, frm. The
IoIloWing are net Savannah quotations:
commercial demand. sass; sixty days Sass;
ninety days, S4S7ia; continentals. steady:
francs, Paris and Havre. sixty days. S5.i
SWISS sixty days. s5lSl4; marks, sixty
Securities Securities are inclined to be
qulet. The offerings are light in South
State Georgia, AZ per cent. 1915.
ll3 bid, - asked; Georgia Z per cent 1885
lO2 bid, : asked; Georgia So per cent, long
Gates, lOllz bid, 102l2 asked; Georgia 49,
per cent, 1915, 1914 bid. lO2ls asked.
CITY Bonds-New Savannah per cent,
OcIober coupons, 1852 bid, 1869. asked;
New Savannah per cent, August cOu-
p9ns, l0l4 bid. lOSl4 asked.
Railroad Bonds-Central Railroad and
banklng Company collateral, gold 5s, 81
bid, 100 asked; Central consolidated mort
gage per cent, coupons, January and
nah and Western railroad, per cent. trust
ceruncates, 81 bid, Ga asked; Savannah,
Americas and Montgomery per cent, 50
bid, 50 asked; Georgia railroad per cent,
1910, liz bid, ia asked; Georgia Southern
and Florida frst mortgage per cent, 100
bid, 1Ol asked; Montgomery and Eufauia
nrst mortgage per cent, Endorsed by.
gusta and Knoxville first mortgage per
cent, lO21s bid, 1882 asked; Ocean Steam
ship per cent. due 1920 81 bid IS asked;
Columbus and Rome first mortgage bonds,
Endorsed by Central railroad, = bid. IS
asked Columbus and Western 6 Der cent,
guaranteed. 112 bid, 113 asked; City and Su-
ourban railway, first mortgage Z per cent,
81 bid, So asked; Savannah and Atlantic
hrst mortgage 6s, q bid. 30 asked; South
Georgia and Florida first mortgage per
cent, JOG bid, = asked; South Georgia and
Florida second mortgage, 1e5 bid, = asked;
South Bound railroad IS, Endorsed, 74i2 bid.
l5ls asked; Alabama Midland. SO bid 80
asked; Brunswick and Western As, guar
anteed, Il asked.
Railroad Stocks-Central common, IA
bid. 10 asked; Augusta and Savannah
aelro a.
Georgia common, 40 bid, 175 asked;
southwestern per cent, guaranteed, in
Guiding order for div, S4ls bid. s512 asked;
central per cent. certificates, p bid, q
asked; Atlanta and West Point railroad
stock, So bid 81 asked; Atlanta and West
Point per cent. certificates, IS bid, sc
Bank Stocks, Executions Bank. ex-
dividend, 1Oi1a bid 1851 asked; Chatham
Bank. ex-dividend, 4sl& bid. 4Sh asked;
ed, ex-diyidend; Merchants National
Bank, l0l bid, 102 asked, ex-divi-
dend; National Bank of Savannah. 100
dividend, 100 bid, iO1 asked; South
ern Bank of the State of Georgia, 161
bid. 1852 asked; Savannah Bank and Trust
Company ex-dividend 1Oil5 bid, 1862 asked;
Chatham Real Estate and Improve
ment Company. ex-diyidend; 521s bid.
Company, 74l9 bid, 75ia asked; Title Guar
antee and Loan Company. 81 bid,
81 asked; Brush Electric Lieht
and hid POw ssrA CoRpdny eX3dyidend
Light Company, 20l2 bid, 2l1z asked; Sa-
vannah Brewery Company, SO bid, IS
asked.
New York, July 11.-Money on call was
easy at 1q11a per cent The last loan was
at per cent. and at the closing was o.
fered at l per cent. Prime mercantile
Bar silver, $3.50.
Sterling exchange steady with actual
Go days and S4.9Oq49OA for demand. I'ost-
ed rates, $is91aQ4.95l4. Commercial bills.
Government bonds were firm. State
bonds were higher. Railroad bonds were
strong.
Silver at the board was bulIetined dull.
New York, July II, noon.-Erie, 1923;
Shore, 14719; Norfolk and Western pre-
ferred, 14h; Western Union, 9lL; South
ern Railway common 14A; Southern Rail-
ll0A; Baltimore and Ohio, g. Canada
Southern, 5Ss; st. Paul, 69Is; Rock
Island, 72B; Delaware and Hudson. 1905;
Delaware, Lackawanna and Western,
1927; Manhattan, 110A; Michigan Central,
leo; New York Central. lOl.
New York, July n,-Speculation az the
stock exchange was less active in all de-
partments. At the start the market was
decided strong, the government crop re.
port for July having been favorably inter
preted. The result was an advance OF Il
TO y per cent, Missouri Pacific leading
The increase of S97, 600 in the earnings of
the latter for the first week of the cur
rent month, had a good deal to do with
the rise in this specially. The Industriais
however, soon developed weakness and
simultaneously with the slump in these
issues, a systematic attack was made on
the Changers. A prominent operator in
fact the acknowledged leader of the bear
contingent, resumed active operations to-
day and kept number of brokers busy
selling the Changers. The reason given
out Tor the selling, was that spring wheat
had been dana ged by frost. Good judges
say that at least 10000 shares of various
stocks were put out on this theory. Up
to the close of business the report of frosts
could not be confirmed and the stories
found but little credence in usually well
Informed quarters. The loss in the rail-
way list, however, was equal to AH2k per
cent. and was well distributed. The IN
dustrials were feVerish and in the main
lower Chicago Gas, however, showed
more resistance than of late, and after an
early advance to 571s, receded to 5412G1e5
Statements by officials that the compony
had earned its dividend, but could not nav
it, because of legal complications had
reassuring effect as 1t hatly contradicts
the alarmists reports circulated of late
Leather was weak and depressed the
common selling down from 1875 to II, and
the preferred from 81 to S71aGSsla The
talk on this stock is decidedly bearish,
because of the heavy capitalization of the
property; the peculiar methods of de-
claring dividends. and in the failure of
the directors to impart information, ex-
cept in vague way, as to the condition
of the property. Sugar Tobacco and Cen
eral Electric were weak and 1d3 per cent.
lower on hquidations. Speculation clos
ed weak. Net changes show declines of
A62lz per cent. Bonds were quiet ana
strong. The sales amounted to $1,O7S, 00O
The sales to-day of listed stocks aggre-
gated 21S,0O0 shares and of unlisted stocks
5000 shares.
New York Stock disclosing Bids
Stocks and Bonds-American Cotton Oil
Is; do preferred, "a; Sugar Refinery 1881;
do preferred, 100; American Tobacco, 112A;
do preferred, 113; Atchison, T. and S. F.,
101s; Baltimore and Ohio, 6215; Canada Pa
cifc, 561a; Chesapeake and Ohio, 21Ss; Chi
cago and Alton, 157; Chicago, B. and O.,
So; Chicago Gas, 54B; Del, Lack and
West, 1852; Dis. Cat. Feed 20a4 Erie, 10A;
do preferred, %; Edison General Electric,
So; Illinois Central 9S1z; Lake Erie and
West 2514; do preferred, S31z; Lake Shore
1867; Louis. and Nash, 591s; Louis. and
n. A., So; Manhattan, 1101z; Memphis and
Charleston, Is asked; Michigan Central
1901; Missouri Pacific, 329s; Mobile and
Ohio 2312; Nash, G. and St. L., IS; L. S.
Cordage, l. do preferred, 2; N. ]. Central,
1919; n. Y. Central, 1907; N. Y. and N. E.,
50lk; Norf. and West. preferred, 141s; North
ern Pacific, ~ do preferred, 173s; North
western. 1914: do preferred, IA; Pacific
Mail, 1884; Reading, 17A; Rock Island, 71A;
st. Paul. 6S9s; do preferred. 122; Silver Ger
tificates, 67A; Tenn, Coal and Iron 36ik;
40 40 prafarred Pacific