The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-02-28
FINANCIAL.

= Orelgn Exchange 90 Market firm.
/ The following are net Savannah QUOTA
/ Jions: Commercial. demand. sAS7ls; sixty
DAYS, $iS6s4; ninety days, S4.S5is. CONT
nag dI.s' steady; francs, Paris and
daVfe, sixty days, S5.lSiA; Swiss, sixty
/ Gays, Sl-lyr4; marks, sixty days So
/ cufltles-Mdrket is quiet and dull
/ state Bonds-.Cieorgia, AZ per cent. 1915.
/ ~ oId, 10 asked; Georgia per cent.
/ 1870, 1852 bid, 1852 asked; Georgia 3ia per
/ cent, long dates, 1912 bid, 1929 asked.
/ city BOnds-New Savannah per cent
April coupons, 1e5le bid, 1857 asked: new
/ savannah per cent May coupons, 105la
Railroad Bonds-Central Railroad and
Banklng company collateral, gold 5s, 80
! bid, SO asked: Central consolidated mort
/ gage Z per cent coupons. January and
/ july maturity, 40 bid, asked; Sa-
vannaE and Western railroad per cent
/ trust certificates. 50 bid, 50 asked; Sa-
vannah, Americas and Montgomery 6 per
cent, 10 bid, 80 asked; Georgia railroad
I per cent, 1910, 109 bid 10 asked; Georgia
Southern and Florida, first mortgage 6
/ per cent, s. bid, So asked; Montgomery
[ and Eutaula first mortgage C per cent.
indOrsed by Central railroad 102 bid lO3
asked; Augusta and Knoxville first mort
! gae per cent, 100 bid, l02 asked
/ Ocean Steamship, 8 per cent, due 1926, So
/ bid 9Si2 asked; Columbus and Rome FIRST
/ mortgage bonds, Endorsed by Central rail
! road, bid 10 asked; Columbus and
] Western per cent, guaranteed, 107 bid
/ 10 asked; City and Suburban railway first
s aT5g4s6 ah Per ffin5 Pid. 50 asked
dorsed, 10 bid, 20 asked; Electric railway
/ first mortgage IS, bid, asked: South
Georgia and Florida first mortgage per
cent, 100 bid, 10 asked; South Georgia and
! Florida second mortgage, los bid. l09 asked:
/ Alabama Midland, SSl2 bid. 81 asked
Brunswick and Western As, guaranteed 73
Railroad Stocks-Central. common. 1919
| bid, 15iA asked; Augusta and Savannah
Per cent, guaranteed, 70 bid 81 asked;
| Georgia, common, 157 bid, 159 asked; South
| western per cent. guaranteed, including
order for div, IS bid, G9 asked; Central
..w f.er H.
faulted interest, Is bid. 10 asked; Atlanta
and West Point railroad stock, Sc bid, SO
asked; Atlanta and West Point per
cent certificates, 80 bid, 81 asked.
Bank Stocks. Etc.-Citizens Bank
10lls bid, lore asked; Chatham Bank.
i02lk bid. 1887 asked; Merchants National
/ Bank, S612 bid, 80 asked; National Bank
Of Savannah, 100 bid, 1Sl asked;
IS bid, 100 asked; Southern Bank of the
| State OF Georgia, 163 bid. 165 asked; Savan-
nah Bank and Trust Company, los bid l06
| asked; Chatham Real Estate and Improve
| ment Company, SO bid, SO asked; Sa-
| vannah Construction Company, Is bid,
rs asked; Title Guarantee and Loan Com
/ pany, IS bid, 50 asked.
London, Feb. 27.-Bar silver was quoted
al q 11-16d.
easy at lGll2 per cent; the last loan was
al ~ per cent, and at the closing was
offered a ~ per cent. Prime mercantile
| paper, 800 per cent
Bar silver, 6O3sc.
Sterling exchange. strong. with actual
| business in bankers bills at S4S74d4S7I5
| for sixty days, and S4S9 for demand; post
| ed rates, %.S8049O. Commercial bills,
! S4S6l2a4.S6s4. Government bonds were
| easier; state bonds were dull; railroad
bonds were weaker. Silver at the board
was quoted at 6006Ol5d6lc.
! New York, Feb. 27-The treasury bal
a an to-day were as follows: Coin, $751;
! $1,000; currency, $4,SlSOO0.
New York. Feb. "a. .Noon-Erie, SIS North
western, SS3s; do preferred, 1882; Lake
/ Shore, 1872; Norfolk and Western, pre-
/ ferred, Il; Western Union S77s: Southern
! Railway, common, 95s; Southern Railway,
/ preferred, 3ll2; American Sugar, 81; Balti-
| more and Ohio, SO; Canada Southern. 1875 /;
! St. Paul, 55ls; Rock Island, 81; Delaware
and Hudson, 1854 Delaware Lackawan-
ma and Western, 15S@; Manhattan, 1919 !;
Michigan Central, 81; New York Central.
New York, Feb. 27.-wan Street Re
view. A firmer tone characterized the
trading at the Stock Exchange till near
the close Of business, when there was a
little shading in prices, due to the advance
| in the posted rates OF Sterling Exchange
! to $f.SS and $3.50 by one of the leading
| drawers. The continued strength of the
! exchanges is keeping operators on the
| anxious seat, and is leadig to rumors of
] gold exports, as the actual rates are up
| to the shipping point Nothing tangible
| has developed as yet, and according to
! good authorities, the bond syndicate will
/ attend to it that no shipments of the metal
| will be made. During the greater part of
/ the day operators ignored the firmness of
! Sterling Exchange, and the stock market
ruled strong. The strength of stocks is
| directly traceable to the efforts of some
| of the shorts to get back their contracts
put out yesterday on the theory that the
| recent bearish demonstration would in
| duce liquidations. Except in the cases of
/ New York Central, which ran off y to
! 971b, and Northern Pacific preferred x to
10, the market showed an improving ten
/ dency until quite late in the day. There
were fears of a heavy assessment ac-
count for the weakness of the latter. Lon
don sold the stock, as well as Louisville
| and Nashville and New York Central
| The improvement in the general market
| was equal to a to 33s per cent, Jersey
Central rising 37s to SO, Northwestern p
to So Lackawanna ! to 159, Susquehanna
| and Western preferred IL to 49, and the
other active railway issues anywhere
from 4 to * per. cent Near the close
/ Baltimore and Ohio dropped 3i4 to SIS on
| rumors that the bitumnous coal trade
| along the line of the road was in bad
shape Missouri Pacific first rose Is to
| 20I5 and then dropped to 1884 to 1914 1t
| is proposed to fund the floating debt by
the issue of per cent. collateral notes.
The Industrials, were more prominent;
| that the large owners of the company's
/ stock will meet in this city tomorrow,
1 and important developments are expected.
| Sm9ar was STRENGTHENED by purchases to
| cover short contracts. Dstilling and Cat
! tie Feeding ran UP to ll12. 1t is stated
| that the leading interests in the property
| have agreed to the new reorganization
| man. and the new bond issue has been
| underwritten. United States Leather pre-
ferred dropped 314 to 5Sd59A. The common
sold down Ia to 7a7l4. Considerable dis
/ anpointment was expressed at the small
ness of the dividend on the preferred.
In the inactive stocks, Consolidated Gas
rose to 1874, Canada Pacific IA to 44%,
and Bay state Gas 22s to 1S3s. Michigan
| Central declined % to 92A. The market
/ closed about steady, the advance in Ster-
ling Exchange having led to some selling
r. realize profits Net changes show adj
Vances of 4 to 3 per cent; The bond
,narket was higher. Sales of listed stocks
aggregated $4,000 shares; unlisted, $1,000
Sn New York Stock List-Closing Bids
stocks and Bond-A I'm T-s331 Cotton OIL.
inerv. 91s, do preferred, %; American To-
bacco. 80: DO preferred. loS; Atchison To-
Desa and Santa Fe, 4; Baltimore and Ohio.
s.: Canada Pacific. Az; Chesapeake an and
Ohio. 16Il; Chicago and Alton, 1876: Chi
cag0' Burlington and Quincy. 20; Chicago
cas- 7115; Delaware, Lackawanna and
western 15S7s; Distillers and Cattle Feed
ers. iiss: Erie. SIS; do preferred l6; Edison
| General Electric. 2S7s; Illinois Central Is;
Lake Erie and Western. 1874 do preferred,
[ "a: Lake Shore. 1864; Louisville and Nash
/ vile sos; Louisville and n. a, Glei Man
| haitian los: Memphis and Charleston, y;
no.