The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-10
FINANCIAL.


mand; call loans, per cent.
Domestic EXchange-The tone Of the
market ie Is steady Banks are ouyins az
l-l6 per cent. discount and selling at lilo
premium for amounts OF $50 or over.
Foreign EXchange-Market is unsettled.
The following are net savannah quota
tons: Commercial demand, A6ll4; sixty
days. $S6A; ninety days, &.S6; conti-
nentals, steady; francs, Paris ana
H6ayre sixty sdSt days, SITS; Swiss, sixty
Securities-Market continues duh.
State Bonds-Georgia, 4i2 per cent, 1918,
1l4lz bid, 1l51a asked; Georgia Z per cent,
1895, 1882 bid, 1861 asked; Georgia 31s per
cent, long dates. 101 bid l02 asked.
City Bonds-New Savannah per cent.
April coupons, 1861 bid, JOG asked; new
savannah per cent. May coupons lO5A
Railroad Bonds-Central Railroad and
Banking Company collateral, gold 6s, 80
bid, 80 asked; Central consolidated mort
gage per cent coupons. January and
July maturity, 100 bid. asked; Sa-
vannal and Western railroad per cent.
trust certificates. 50 bio, 20 asked; Sa-
vannah Americas and Montgomery per
cent, so bid, 81 asked Georgia railroad
6 per cent, 1910, 100 bid, 40 asked Georgia
SoutheIn ana logada, itlsl mo, MOI lsase o
per cent, 81 bid, SO asked; MontBomery
and Eufaula first mortgage G per cent,
indorsed by Central railroad 1902 bid, 104
asked; Augusta and Knoxville first mort
gaze per cent, 100 bid, l02 asked;
Ocean Steamship per cent. due 1925, S7ia
bid, 981A asked: Columbus and Rome first
mortgage bonds, Endorsed by Central rail-
road, bid. 43 asked; Columbus and
Western per cent, guaranteed, l07 bid,
40 asked; City and Suburban railway first
mortgage Z per cent, bid 50 asked;
dorsed, bid, 81 asked; Electric railway
first mortgage IS, - bid, asked; South
Georgia and Florida first mortgage per
cent, 1903 bid, 10 asked; South Georgia and
Florida second mortgage, Jos bid 109 asked
Alabama Midland, GSla bid, 81 asked
Brunswick and Western As, guaranteed, Y
Railroad Stocks-Central common, -
bid, l5h asked; Augusta and Savannah Z
per cent, guaranteed, 70 bid, 81 asked;
Georgia common, 15j bid, 100 asked; South
order for div, 81 bid, 6Sis asked; Central 6
per cent. certificates, with order for de-
faulted interest, - bid, 19 asked. Atlanta
asked; Atlanta and West Point 6 per
cent. certificates, 81 bid, 90 asked
Bank Stocks, Etc.-Citizens Bank,
Is bid, &c asked; Germania BanR'
1902 bid, 103 asked; Merchants National
Bank, 9S bid, 100 asked; National Bank
of Savannah, $50 bid. lSl asked,
Oglethorpe Savings and Trust Company.
IS bid, 100 asked; Southern Bank of the
State of Georgia, 1872 bid, 1865 asked, Savan-
nah Bank and Trust Company, los bid 1O6
asked; Chatham Real Estate and Improve
ment Company, 81 bid, SO asked; Sa-
vannah Construction Company, IS bid,
so asked: Title Guarantee and Loan Com
pany, rs bid, so asked.
New York Feb. 9.-Money on call was
nominally rs@2 per cent; prime mercan-
tile paper 3l2d4 per cent; sterling ex-
change, firm, with actual business in bank
ers sixty day bills at 4.S7Q4S7lR for %
days and MSsh@4.SSls for demand; posted
rates, $4.S7la04.S9; commercial bills, 81. s6]A
@4S624; bar silver. 5915. Government
bonds, steady; state bonds, were dull; rail-
road bonds were lower.
New York Feb. 9.-Treasury balances:
Coin, S67, 7S7, 6OO; currency, @SOll,O0O
New York. Feb. 9.-The following
changes are shown by the weekly state
ment of the associated banks:
Reserve, decrease, ........... ......$2 9S5 275
Loans, decrease ............'..''..... o,l96, SVV
Specie, increase Observation-Disclosures. 706 400
Legal tenders, decrease ............ 1880
Deposits, increase ..............s.. Il, 2l0 500
The banks now hold SsS. 766 225 in excess iS aSS
of the requirements of the % per cent.
rule.
New York, Feb. ., noon.-Erie. 1oH
Northwestern. 94Ss; do preferred, II1sf
Lake Shore, 1877; Norfolk and Western,
S11s; Western Union, S71s; Southern Rail-
way, common, 10; Southern Railway pre-
ferred, SIS; American Sugar SIS, Balti-
more and Ohio gre; Canada Southern,
4Sl5; st. Paul. 554 Rock Island. 50; Della
ware and HUDSON, 12Si2; Delaware, Lacka-
wanna and Western, 1884,; Manhattan.
lOles; Michigan Central, 80; New York Cen
trail 99h.
New York, Feb. s.-The stock market
opened irregular, sbut soon GeVeloVed weak
ness London bought a few stocks in the
first half hour of business, and some of
the leading issues advanced u to . per
cent. Northwestern. however, was pressed
for sale, and on liberal offerings for the
short account the price dropped from 955s
TO S43s. The statements submitted for 1894
was unfavorahle. The bears were also ac-
tive in the general list and were inclined
to think that the good effect of the bond
issue has been discounted. Usually well
informed bankers do not take this view
Of the case ana assert that when the bond
matter is fully understood it will be found
TO be of great benefit to the finances of the
country. The Cammack-Weil contingent
were active throughout and succeeded in
bringing about Il decline of 4 to ~ per
cent. Sugar st. Paul, Rock Island, Bur
lington, Pacific Mail. Louisville and Nash
vile. Missouri Pacific Omaha. Western
Union and Chicago Gas were the greatest
sufferers outside of Northwestern. The
market closed weak. Net changes show
losses of Il to y per cent. Delaware and
Hudson and Manhattan gained T. Lead
and General Electric Is each. Sales were
only 66.S4 shares The bond market was
lower
The sales Of listed stock aggregated So
001 shares. unlisted I4000
Following were the closing bids.
American Cotton OIL. 1919; do preferred,
26A; Sugar Refinery. sl9s do preferred.
9l@t; American Tobacco. 81; do preferred
1919; Atch son, T. and S. r, 4: Baltimore
and Ohio, 62ia; Canada Pacific, 5l1s; CheSa-
peake and Ohio 16ls; Chicago and Alton.
49, Chicago. Burlington and Quincy, I05s: