The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-03

to 5000; over $500 at s.. Co Der 81 0G0
Torelgn ENchange-Alarket. firm. The
Commercial demand. $50: sixty davs
SIS; ninety days, AS7la; cOntinentals
SSSauy francs, Paris and Havre, sixty
m mar; So ~ swiss, sixty days, S.lS14;
SSIhs, sixty days, IS 3-16.
SeCuriIles-The security market is stead
IT, Oh .Southwestern and Central secUri-
- g.. MIN IA limited supply at quotations.
=, 2S az BondS-Georgia, AZ per cent, 1915,
10 DID, ll6 asked; Georgia, per cent. 1886
H. 40 nlu' !0e asked; Georgia 3lz per cent. long
T 1aSe s.. tO-l2 bid, 1882 asked; Georgia Sia
per cent, 1915, l01 bid, 102 asked.
CITY Bonds-New Savannah 5 per cent.
OCTOBER coupons, 1861 bid, 1861 asked; New
ga S 1nli per cent. August coupons, 107
Ra,iiroad Bonds-Central Railroad and
PdhknS company collateral gold IS 81
s Dlu, IVY asked; Central consolidated mor,-
49, per cent, coupons, January and
July maturity 124l2 bid, - asked; Savau-
nan ana Western railroad, per cent. trust
Ikertlncates, 5l12 bid, 5Sla asked; Savannah.
Al AIiiiltIlcus ana Montgomery per cent 52l.
pa, 95.2 asked; Georgia railroad per cent,
Isl9' IA bid, ll5 asked; Georgia Southern
aia 6lorlqa nrst mortgage & per cent. ~
olu ~ asked; Montgomery and Eufaula
Irst mortgage 8 per cent, indorsed BY
central railroad, los bid, JOY asked; Angus
"a ana Knoxville first mortgage Z per
cent, lO2 bid, l0S asked; Ocean Steamship
. per cent, due 1920, 97i2 bid, 9Sls asked;
columbus and Rome first mortgage bonds
indorsed by Central railroad. = bid, 80
asked; Columbus and Western 6 per cent.
guaranteed, ll2 bid. lib asked; City and Su-
DurDan railway, FIRST mortgage Z per cent,
81 bid s. asked; Savannah and Atlantic
asked; South Georgia and Florida first
mortgage Z per cent, JOG bid, asked,
mortgage, los bid anu asked; o! South BoEnd
railroad IS, Endorsed, 74l5 bid, 75.a asked;
Alabama Midland, SO bid, 90 asked Bruins
wick and western As, guaranteed, Il asked.
Railroad stocks-Central common. II
bid, 10 asked; Augusta and Savannah Z
per cent, guaranteed, 70 bid, 81 asked;
Georgia, common, 167 bid, 10 asked;
GLIDING order for div, 70 bid, so asked;
Central 6 per cent certificates. q bid. %
stock sc bid 81 asked; Atlanta and West
Point per cent. certificates, 941A bid. 95i5
asked.
Bank Stocks, Etc.-Citizens' Bank, ex-
dividend, l03 bid, 104 asked; Chatham Bank,
ex-dividend, 4sl4 bid. ASA asked;
Germania Bank 1929 bid. ask
ed. ex-dividend; Merchants National
idend; National Bank of savannah, $50
bid, 133 asked. ex-dividend; Oglethorpe
Savings and Trust Company. eX-
ern Bank of the State of Georgia, 1875
bid 166 asked; Savannah Bank and Trust
Company. 1O6 bid, 1OS asked; Chat
52la asked; Savannah Construction
Company, "a bid, 1872 asked; Title Guaran-
tee and Loan Company. 50 bid.
81 bid, 5Sis asked; savannah Gas
Light Company, 2O1z bid. 2113 asked; savan-
nah Brewery Company. 80 bid, 81 asked.
New York. July Mooney on call was
easy at lQ2 per cent; the last loan was at
1ls per cent, and at the closing was offer
ed a IA per cent. Prime mercantile paper
Sd31a per cent.
Bar silver, 66sI
Sterling. exchange was firm, with actual
hue q, k.arz . f1a4 On
for sixty days, and $4.s91ad4 s934 for de-
mand posted rates 81 S912d4 500: COM
mercial bills, $4.S79l G4.SSA.
Government bonds were firm: state
bonds were dull: railroad bonds were ir-
regular.
Silver at the board sold at 67lsQS7l4c for
10000 ounces.
New York, July 2.-The treasury bal
ances were as follows: Coin, SlOi.5S4CO0
currency. Co. 10000.
New York, July 2, noon-Erie, 1917
Northwestern, 9912; do preferred 14415;
Lake Shore, 1907: Norfolk and Western,
preferred, 1875; Western Union. 92; South
ern Railway, common. IA; Southern Rail
way, preferred 421a; American Sugar. 1lG1a ;
Baltimore and Ohio, 81; Canada Southern,
So St. Paul, IS; Rock Island, ~; Delaware
and Hudson 1872; Delaware. Lackawan-
ma and Western, 1922; Manhattan. 1881 :;
Michigan Central, 1903; New York Central,
1Ol
New York. July 2-The stock market
during the early hours of business was
strong and higher and prices scored an ad-
vance of 4 to per cent. In this rise New
England, Colorado, Fuel, the Changers,
Jersey Central, Reading, Kansas and Tex
as, preferred, and Tennessee Coal and Iron
were most conspicuous. The early rise
was based on favorable report from the
west concerning the crop and to statements
that the rate situation was showing deci-
ded signs of Improvement, the result I'M
doubtedly of the conference recently held
in this city between the leading bankers
and the prominent railway managers.
Another report which stimulated the up
ward movement. was to the effect that ].
PierpOnt Morgan would take hold of the
reorganization shortly. The Improvement
in general business. as testified to by
further advances in wages granted by the
iron and steel manufacturers, also added
to the bullish feeling. During the after
noon session a reactionary movement set
in. This was partially due to heavy sales
of the Changers by an operator who has
been quite successful on the bull side, and
who is about to leave the street for a
couple of weeks. The selling revived the
hopes of the bears on railway securities
and they made a fresh demonstration
against the market. simultaneously with
this selling rumors of gold exports were
revived, but goSSipers did not give up the
name of the intending shippers The de-
cline in the railway list in the afternoon
trading ranged from y to per cent. and
was most pronounced in the Changers, New
England, Louisville and Nashville, Mis-
souri, Pacific and Big Four. In the Indus
trials, Chicago Gas, after rising to 66s4,
fell to 62d621k. The dividend question con
tinues to be much discussed, but up to the
present time nothing of an official char
acter has developed. Tobacco was in de-
mand and rose Az to 1925 on the report
that the company had acquired control of
the Canada cigarette factories. Sugar
jumped 21s to Ill. but later lost the i'm
provement. Rubber was quiet. The officials
of the company have complied with rules
of the stock exchange and have filed a re-
port with the governors. The committee
on stock list will act on the matter next
Monday. In the closing transactions Col
orado Fuel and Iron was aggressively
strong and rose to SO. Speculation closed
weak in tone. Net changes in the active
list show losses of Il to III per cent except
for Southern railway, preferred, Omaha
and New England, which gained about as
much In the Industrials Tobacco gained
az per cent. Total sales were S07. 1857
shares, including $4,000 shares American
Sugar. %. 900 shares Chicago Gas; 5000
shares Tobacco, 24.1OO shares Reading and
% COO shares ST. Paul. The bond market
was higher Sales were s1,54S.000.
The sales were, listed stocks, 246,O00
shares, and of unlisted stocks, $1,000.
New York Stock List-Closing Bids
Stocks and Bonds: American Cotton Oil,
2715: do preferred. 74s4 Sugar Refinery, 109;
do preferred. 1914; American Tobacco, 112;
do preferred, Ill; Atchison, Topeka and
santa Pc. 95s; Baltimore and Ohio, 62la;
Canada Pacific, "a; Chesapeake and Ohio,
22II; Chicago and Alton loo; Chicago, Bur