The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-21
FINANCIAL.

FINANCIAL.
Money is steady, with a fair demand.
Domestic Exchange The tone of the
market Is steady Banks are buying at par
ana selling AZ Is per cent. premium up 10
5000, over 5000 at $l0Q per $1,000
Foreign EXchange-Market hrmer The
following are net Savannah quotations.
Commercial demand, S4.67; sixty DAYS.
steady, francs, Paris and Havre. sixty
days, S5.l9; Swiss. sixty days S52Oie:
marks, sixty days. "a 1916.
Securities-The market is quiet. and Sc
curities Of the Central system are rather
state Bonds-Geo@gla, 49, per cent. 1915.
no bid, ll6 asked; Georgia, per cent
1895, 100 bid, l06 asked; Georgia 3ik per
cent, long dates, 102 bid, 103 asked.
july COUPONS SGn1sN% S 6 s55Van9sh per cent
bid, - asked.
Railroad Bonds-Central Railroad ana
Ranking Company collateral gold 5s 90
bid, So asked Central consolidated mort
gage Z per cent. coupons, January ana
July maturity 1913 bid, asked. Savan-
nan ana Western railroad, peg cent. trust
certificates, "a bid, 55 asked; Savannah
A,.mT5eTicus and Montgomery per cent, So
1910, bid 10 asked: Georgia Southern
ana FLORIDA first mortgage per cent. 81
/ 9!l, w asked: Montgomery and Eufaula
Central railroad iCi bid. i62 asi5ed a. Az ny
gusta and Knoxville first mortgage per
cent, 70 bid, 100 asked; Ocean Steamship
. per cent due 1920, 97ia bid 98la asked
/ columbus ana Rome first mortgage bonds
/ lhqorsed by Central railroad, = bid 43
/ asked; Columbus and Western nor cont
/ guaranteed, 10 bid. 1l2 asked: CITY and Su-
/ DurDan railway, first mortgage per cent
! u bid, 49, asked; Savannah and Atlantic Z
/ per cent, Endorsed, Is bid, % asked; Flee
/ tflc railway hrst mortgage 6s, 50 bid 3S
! asked South Georgia and Florida first
mortgage per cent, 106 bid l07 asked;
South Georgia and Florida second morr,
! gage, lc5 bid, 1O6 asked; south Bound rail-
/ road 5s indOrsed "A bid. rs asked: Ala
ga a. Midland, 50 bid, 80 asked; Brunswick
1 ana western As guaranteed " asked
Railroad Stocks-Central common 70
Do Is asked; Augusta and Savannah
/ per cent, guaranteed, 70 bid, 81 asked;
/ Georgia, common. l59 bid 1872 asked
! Southwestern per cent guaranteed in
Guiding order for div, ~ bid 6S asked.
/ Central per cent, certih ,ates. with order
Atlanta and West Point railroad stock
% bid, 81 asked; Atlanta and West Point
6 per cent certificates, s5i5 bid, 96lk asked
/ Bank Stocks, Executions Bank 1895
/ bid. 1912 asked; Chatham Bank, As bid l9
/ asked Germania Bank, 1903 bid lOi asked:
! Merchants National Bank, 9S55 bid, 700
| asked National Bank of Savannah l32
/ bid, asked Oglethorpe Savings and
! Trust Company 100 bid, l0l asked; South
ern Bank Of the state of Georgia. 1854 bid.
| 165 asked; Savannah Bank and Trust Com
! pany, l05 bid, l06 asked; Chatham Real
Estate and Improvement Company 52iA
! bid 5Sl3 asked, Savannah Constriction
/ Company, "A bid 751a asked; Title Guaran-
/ tee and Loan Company, 70 bid, 81 asked:
Brush Electric Light and Power Com
pany, IS bid asked Savannah Gas
Light Company. ~ bid. u asked
New York May 20.-Money on call was
easy at ldli2 per cent; the last loan was
at ~ per cent, and at the closing was
offered at u per cent. Prime mercantile
paper, 3l2Gi4 per cent.
Bar silver, 665sc.
Sterling exchange, frmer, with actual
business in bankers bills at s4.S6izGt4S6A
for sixty days, and I.87l@a4.87A for de-
mand; posted rates S4.S7iaGb4 8Sja. CONNER
cial bills, si.S5A04.S6.
Goyernment bonds firm; state bonds,
steady; railroad bonds, easier.
Silver at the board was quiet.
New York, May 2O-The treasury bal
ances were as follows: Coin, $50 5000;
currency, $57, 433O CO.
New York, May 20. noon.-Erie, 1919;
Northwestern, 9S9s: do preferred, IA: Lake
Shore l45; Norfolk and Western preferred
1 Is; Western Union. S23s, Southern Railway,
common, IA Southern Railway, preferred,
39s4; American Sugar ll8ss; Baltimore and
/ Ohio, 627s; Canada Southern, 041a; ST. Paul,
6624 Rock Island, 50; Delaware and Hud-
son, 1921; Delaware, Lackawanna and
| Western, 1853; Manhattan, 1883 Michigan
/ Central 10l; New York Central, 102.
New York May W.-The street was
! flooded to-day with unfayorable crop re-
ports from the west and this, together
/ with the advance in sterling exchange and
! further sales Of stocks for foreign ac-
count led to a general decline in prices.
At times the market showed strength, es
advance in the early trading despite de-
malls that a deal is on foot looking to an
! arrangement which viii place the industry
on a profitable basis. Jersey Central at
one time sold up 70 l0ll2, while Reading
brought 20A against 1928 near the close on
Saturday. Sugar for time was decidedly
strong and rose to 1l9ls, but the, gain was
subsequently lost on heavy realizations
and the stock fell 10 llf% Chicago Gas
was also weak and declined to 1884. but on
rather light trading. In the railway list
the Northern Pacific issues We're weak for
the common and preferred stocks but the
bonds made slight gains as rule for the
day. The weakness in the stocks is due to
the announcement that the latest re-or-
ganization plan as announced from Berlin,
which provides for a heavy assessment on
the common and preferred stocks. IT is
worthy Of note that brokers in touch with
the leading German banking interest We're
buyers of the bonds to-day. The rise in
July wheat made a number of bears on
stocks in the last hour and the operators
for lower prices were more aggressive than
for some time past. Under pressures Of
stocks for both long and short accounts
the market closed weak in tone. Total
sales were 339, $50 shares, including 40 800
shares of Sugar, 81 900 Reading "a 800 Dis
tillers, p 500 st. Paul and l6, 200 Burlington
and Quincy Cordage securities were de-
pressed on rumors Of impending unfaVora-
bic developments and dropped half TO Az
per cent. The bond market was strong in
the early dealings, but at the close a
weaker tone prevailed, in sympathy with
the stock market. Sales were $2.s160OO. OF
the total sales of stocks aggregated 2S3 COO
shares listed and 81 900 shares unlisted
Now York Stock IAst-CloSing Bids
stocks and Bonds-American Cotton Oil,
2sh do preferred, 1917; Sugar Refinery
1873; do preferred, 99ia; American Tobacco
1865; do preferred. 1ll1z. Atchison. T. and
S. F., 7st: Baltimore and Ohio 62i4. Cam
ada Pacific 50; Chesapeake and Ohio 22.
Chicago and Alton, $50; Chicago, B. and o.
1885; Chicago Gas. 1884; Delaware Lack
awanna and Western, 162ls; Distillers and
CATTLE Feeders, 2212; Erie, 1919: do pre-
ferred, n: Edison General Electric 335k
Illinois Central 96; Lake Erie and Vest
ern. p do preferred. Is: Lake Shore. 1i5;
Louisville and Nashville, IS; Louisville