The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-14
FINANCIAL.


Domestic EXchange-The tone Of the
market is steady. Banks are buying al par
and selling at 4 per cent. premium from
800 to $1,000; for larger amounts, $3.50 per
Foreign Exchange-Market steady. The
following are net Savannah quotations:
Commercial demand, Sass; sixty days,
S4.S7k; ninety days. %.s624; continentals,
steady; francs, Paris and Havre, sixty
days. s5lSlt; Swiss. sixty days S5ls%'
securities-The market is very quiet,
with but a retail business going on.
State Bonds-Georgia, AZ per cent, 1915.
114ia bid, 1851 asked Georgia per cent,
1896, 1Oiis bid, 1851 asked; Georgia 315 per
cent, long dates, 1917 bid, 1921 asked.
City Bonds-New Savannah 5 per cent.
April coupons 1854 bid, lO612 asked; new
Savannah 5 per cent. May coupons, 1O5A
Railroad Bonds-Central Railroad and
Banking Company collateral, gold IS, 80
bid, 81 asked; Central consolidated mort
gage Z per cent. coupons, January and
July maturity, 12l1a bid, : asked; Savan-
nah and Western railroad 5 per cent. trust
certificates, 80 bid, 50 asked; Savannah,
Americas and Montgomery per cent, AZ
bid, 49 asked; Georgia railroad per cent.
1910. 100 bid, ITO asked; Georgia Southern
and Florida first mortgage per cent, 81
bid IS asked; Montgomery and Eufaula
first mortgage 6 per cent, Endorsed by
Central railroad, 10l bid, 1903 asked; Au-
gusta and Knoxville first mortgage per
cent, 100 bid, 102 asked Ocean Steamship
per cent due 1920. 97l5 bid, 9815 asked;
Endorsed by Central railroad. - bid, AZ
asked Columbus and Western per cent.
guaranteed, 40 bid, 1l2 asked; City and Su-
burban railway first mortgage per cent,
bid. IS asked; Savannah and Atlantic
per cent, Endorsed, y bid % asked; Flee
trio railway first mortgage 6s, - bid, -
asked: South Georgia and Florida first
mortgage Z per cent, 109 bid, 40 asked;
South Georgia and Florida second mort
gage, 10S bid, 109 asked; Alabama Midland,
. bid, 81 asked; Brunswick and Western
As, guaranteed, Y asked.
Railroad Stocks-Central, common, II
bid, 15lR asked; Augusta and Savannah
per cent. guaranteed, 70 bid, 81 asked:
Georgia, common, 157 bid, 1853 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, SO
cent certificates, 80 bid, "a asked.
Bank Stocks, Etc.-Citizens Bank.
1olh bid, lO21E asked; Chatham Bank,
lO21a bid, 1O3 asked; Merchants National
Bank, 81 bid, SO asked; National Bank
of Savannah, 100 bid; asked;
9s bid 100 asked; Southern Bank of the
State of Georgia, 1874 bid, 165 asked Savan-
nah Bank and Trust Company, 105 bid, LOG
ment Company, So bid, SO asked; Savan-
nah Construction Company IS bid, 76
asked; Title Guarantee and Loan Com
pany 70 bid. 81 asked
New York March 1S.-Money on call has
been easy at 112n2 per cent; the last loan
was offered at ia per cent. Prime mercan-
tile paper, 1905 per cent; Bar silver, 6O5sc;
Mexican dollars, 49c. Sterling Exchange
is firm with actual business in bankers
bills at S4.8724d4.S 80 for sixty days, and
81 S9d4 S9i4 for demand posted rates, "a. $50
49O Commercial bills, S48694 d4S712. Cow
eminent bonds steady; state bonds dull;
railroad bonds firmer. Silver at the board
New York. March 13.-The treasury bal
Ill. (fn1r sarrV-
rency, So, $4,000.
New York, March 10, noon.--Erie, rs
Northwestern, $50; do preferred, 1856; Lake
Shore, 1S512; Norfolk and western, pre-
Railway, common, 9A; Southern Rail-
way, preferred, 309s; American Sugar,
1918; Baltimore and Ohio Ohio pit o.; Canada Canada
81: Delaware and Hudson, 124; Delaware,
Lackawanna and Western, l5IA; Manhat-
tan. los; Michigan Central, 81; New York
Central, SSts.
New York. March 1S-After a strong
onening the stock market became irregu-
lar owing to the revival of reports about
a reduction in the New York Central div
ida1d T'his stock was sold down to $685.,
mt the bulk of the selling was considered
professional and for that reason, without
sfGnifcance So far the dividend is
co1cerned people who have enjoyed the
CONFIDENCE Of insiders in the past, state
that in their opinion, the regular rate
viii be maintained. Nothng DEFINITE,
,oIever Is known. The St Paul direct
nrs to-niorrow will take action on the
dividend on the common, ana the Deiie1
MAINS that the board will order the dis
tributon Of the usual rate rate OPERATES
= tIi,idend matters and business suffered
in consequence in the afternoon az ,c9 there there
IN ali along the line. Sugar rose to lO2A;
Hooking Valley to 2$15; Ge4 ne ais Electric 6tI5
ware and Hudson to 124& Louisville and
Nashville to A. jersey Central emit wS to fS
an lake Erie to 1O7k The rise in Sugar
was ascribed to manipulation. and Hook
ing Valley Wheeling and Lake Ere were
sfTengthened by the formation of the new
bitIminous pool by the Ohio producers.
General Electric moved up on favorable
reports about the cOmpany's business.
Western Union sold at S7lzdSSqS1ss, The
statement of the company for the March
ouarter was better than expected, the de-
felt being $245. 400; For the nine months
ended March 81, 1895, according 70 ofilelal
estimates the surplus will be s29S, 600. The
directors have declared the regular divl-
dend Of IA per cent, payable April 10.