The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-02
FINANCIAL,

-
domestic Exchange-The tone of the
market Is steady. Banks are buying at
par ana selling at = per cent. premium up
70 so,vVVi over 5000 at Sl.00 per Sl000.
Foreign Exchange-Market, firm. The
Efonowlng are net Savannah quotations:
SSaoSIda ~. si demand, StS9; sixty days,
steady; francs, Paris and Havre. sixty
JAYS So.if; Swiss, sixty days, $5.lSh;
hlsrSs, sixty days, IS 3-l6.
SecuriIles-Ihe security market is stead
ties.
State Bonds-Georgia. AZ per cent. 1915.
100 bid. Jos asked; Georgia 81 per cent long
oates. lO.ls bid 1872 asked; Georgia 3la
per r,t cent b. l9l5, lol bid, l02 asked.
J1 ivy co 60nds-Ne New savannah per cent.
savannah per cent. August coupons, lO7
bid, 1912 asked
Railroad Bonds-CentraI Railroad and
20 ptd5hk1Idng Company collateral gold IS, "a
pa, N9 asked; Central consolidated mor;-
sage per cent, coupons January and
July maturity, 12412 bid - asked; Savan-
nah and Western railroad. per cent. trusr
certlncates, 81 bid IS asked; Savannah
Americus and Montgomery per cent, 80
,a,d' o. asked Georgia railroad per cent.
I9lv, ~ pld, ll5 asked; Georgia Southern
ana FLORIDA first mortgage Q per cent, IS
old, " asked; Montgomery and Eufaula
nrst mortgage 6 per cent. indorsed BY
Central railroad, los bid, 1O7 asked: Angus
Ia and Knoxville first mortgage Z per
cent, lO2 bid, 103 asked; Ocean Steamship
=
columbus and Rome first mortgage bonds
lndorsed by Central railroad - bid 35
asked; Columbus and Western per cent.
guaranteed ll2 bid, lib asked; City and Su-
DurDan railway, first mortgage Z per cent,
81 bid, 50 asked; Savannah and Atlantic
hrst mortgage IS. 20 bid. so
South Georgia and Florida second
mortgage, los bid. asked; South Bound
railroad S.. Endorsed, 7412 bid, log asked;
Alabama Midland, SO bid. 80 asked, Bruins
wick and western As, guaranteed, n asked.
Railroad stocks-Central common, II
per cent, guaranteed, 70 bid, 81 asked;
Georgia, common, 167 bid 40 asked I;
Southwestern per cent, guaranteed. in
GLIDING order for div. 70 bid. so asked;
Central per cent certificates q bid. p
asked; Atlanta and West Point railroad
stock, SO bid, 81 asked; Atlanta and West
Point per cent. certificates, 941A bid, 95la
asked.
Bank Stocks. Etc.-Citzens' Bank, ex-
dividend, 1913 bid. lO4 asked; Chatham Bank
eGS sfmaafa Bank g lS5 b 49,, ass ssR
ed; Merchants National Bank, 1O2 bid
lO3 asked; National Bank of Savannah, 100
bid, 1873 asked; oglethorpe Saw
diSidend ana bid IS C SsRed South
ern Bank of the State of Georgia, 1855
bid, 1863 asked; Savannah Bank and Trust
ham Real Estate and Improve
ment Company, ex-dividend, 80 bid
asked; Savannah Construction
Company, IA bid. 75ls asked; Title Guaran-
81 asked; Brush Electric Light
SHd bid poWsE l s GGIm59any eXdiyidend
Light Company 2olS bid. 21ls asked; savan.
Brewery Company, 9215 bid. 93la asked.
New York, July Money on call was
easy at 2 per cent; the last loan was at ?
per cent. and at the closing offered at 2
| per cent. Prime Mercantile paper,
Sq3l5 per cent.
Bar silver 6324c.
Sterling exchange firm, with actual bust
ness in bankers bills at S4SSa4. $50 for sixty
days, and 1881 demand. Posted rates
A;S9h@49019. Commercial bills, A.S71kG
Assn.
Government bonds were steady to firm
state bonds were steady. railroad bonds
were irregular.
Silver at board was bulletined dull.
The treasury balances were as follows:
Coin, Sl04, 900; currency, So, 4S7, coo.
New York, July /, noon.-Erie, 10; North
western, 80; do preferred, HAS; Lake Shore
| 1904 Norfolk and Western preferred 49,;
| Western Union, 81; Southern Railway,
common IA Southern Railway, preferred
40ss; American Sugar, 1OlA; Baltimore and
| Ohio, SPY; Canada Southern, 55; st. Paul
6S1s; Rock Island, 71A; Delaware and Hud-
son, 1870; Delaware, Lackawanna and Wes-
| trail, 102I5; New York Central 101
New York, July There were two sides
to the stock market to-day, and those
operating for lower prices found this out
at an early hour. AT the opening, Chicago
Gas rallied about points, and the railway
list, on higher cables from London, moved
up Il to "a per cent. The bears on the in
dustrials then made another attack and
brought about a decline of y to 33s per
| cent. In this decline Chicago Gas sold
| down to $685. Tobacco to 1879 and Sugar
| to 105. Much to the disappointment Of the
bear contingent, this raid was practically
ignored so tar as the railway list was con-
cerned, and for the remainder of the day
the shorts devoted their time to getting
back the stock put out on the theory that
the break IN the tndnstrials would
start liquidard1nst Again the shorts shorts
what disturbed by the bids made by a
leading Broad street house, which has
been identified with, Chicago Gas in the
past for the dividend on any part of 10000
shares. This firm offered to give q per
cent, if the dividend is to be quarterly
and Il per cent. if declared semi-annually.
This apparently had the effect of setting
at rest the talk that the directors will
pass the dividend. Tobacco was heavy, and
fell from 110l5 to 10712q109, Judge Shipman
having reversed the decision of lower
court in favor of the company, involving
a cigarette machine. In the afternoon
trading. covering became quite general
and prices from the industrials rose any
where from u to per cent. The railway
group moved up u to 1A per cent Burling-
ton and Quincy, Missouri Pacific and
Southern railway preferred, leading. The
strength of the securities of the last
named, both here and in London, was con-
sidered significant in view of the fact
dictated by the house of j. p. Morgan &
Co. Speculation closed strong, with
prices at or near the highest figures of the
day. Net changes show gains of Il to 2ss
per cent the industrials leading. To-
bacco lost IL per cent. Total sales were
29l 791 shares, including $500 Chicago
Gas. s.. 800 Sugar $4,000 Tobacco and 49,
zoo St Paul. The bond market was higher:
sales were 81, 5000. The sales of listed
stocks aggregated 100000 shares, and Of
unlisted stocks, $4,000 shares.
New York Stock disclosing Bids
Stocks and Bonds-American Cotton Oil,
81: Sugar Refinery, 1883 do preferred, 1914
American Tobacco, 1881; do preferred, Ill;
Atchison, T. and S. F., 9A; Baltimore and
Ohio, 621k; Canada Pacific, "a; Chesapeake
and Ohio 22A: Chicago and Alton. lob;
Chicago, B. and O. S4s4; Chicago Gas, 62ss;
Delaware, Lackawanna and Western, 1924;
Distillers and Cattle Feeders, 201s; Erie,
105s: do preferred, 22z: Edison General
Electric, 365s: Illinois Central, 96; Lake
Erie and Western, "a; do preferred 50;
Lake Shore, $50; Louisville and Nashville,
5S5g: Louisville and n. A, s; Manhattan,
ia: Memphis and Charleston. Is asked;
Michigan Central, 102A; Missori Pacific
31iS: Mobile and Ohio, 24A; Nashville.
Sbsttanooga and St. Louis, IS: United
states Cordage, IL; do preferred. ~; New
Jersey Central, 1007s; New York central
IO07s New York and New Ent land, ISIS
NoTfolk and Western, preferred. 1874
Northern Pacific. 80; do preferred, 1873