The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-03
FINANCIAL.


market IS steady. Banks are buying at par
s g ~ selllng al IS per cent. premium up TO
5000; over 5000 al 81 100 per $1,000.
Foreign EXchange-Market steady. The
lolioWlng are net Savannah quotations:
commercial demand, NSSSt sixty days
s s,ea9t, ninety days, 4sFk; continentals.
days, S5.lSs4; Swiss, sixty days, $50:
marks. sixty days. 95 3-l6.
Securities-The market Is dull
state Bonds-Georgia AZ per cent 1915
10 pa, llb asked, Georgia Z per cent.
1896, l9i1a bid, l05l2 asked; Georgia 3ls per
cent. long dates. 102 bid, 100 asked.
City Bonds-New Savannah per cent
July coupons, lO6 bid, - asked; New Sa-
vannah, per cent, August coupons 1052i
bid JOG asked.
Railroad Bonds-Ce1tral Railroad and
Banking Company collateral gold 5s. 80
blo, 20 asked; Central consolidated mort
gage per cent, coupons, January and
July maturity. l23 bid. - asked: Savan-
nah and Western railroad per cent. trust
certihcates, "a bid, 54i2 asked; Savannah.
Americus and Montgomery 6 per cent. 80
bid, 55ia asked Georgia railroad per cent
1910, : bid, 10 asked: Georgia Southern
ana Florida first mortgage s per cent, S7is
bid, asked; Montgomery and E,ufaula
first mortgage s per cent. Endorsed by
Central railroad. 102 bid. 1903 asked; Au-
gusta and Knoxville first mortgage per
cent, 80 bid, l0l asked; Ocean Steamship
5 per cent. due 1920 97ls bid, 1872 asked;
Columbus and Rome first mortgage bonds,
Endorsed by Central railroad. bid. lS
guaranteed, Ill bid. III asked; City and Su-
burban railway first mortgage 7 per cent.
- bid, "a asked; Savannah and Atlantic
per cent, Endorsed, Is bid, 25 asked: Elec-
trio railway first mortgage 6s 30 bid 43
asked; South Georgia and Florida first
mortgage per cent. l06 bid, 107 asked;
South Georgia and Florida second mort
gage, 105 bid 106 asked; Alabama Midland.
- bid. 81 asked: Brunswick and Western
As, guaranteed Y asked.
Railroad Stocks-Central common, 49,
bid, 1912 asked; Augusta and Savannah
per cent, guaranteed. q bid, 81 asked;
Georgia, common, 157 bid 159 asked: South
order for div, SO bid. 69s. asked; Central 6
per cent. certificates, with order for de-
faulted interest 1872 bid. l7i5 asked: Atlanta
and West Point railroad stock. SO bid. ~
asked; Atlanta and West Point per cent.
certificates, 95ia bid, $50 asked.
bid. l04 asked; Chatham Bank, a bid. IS
! asked; Germanis Bank. 103 bid, 1O4
asked; Merchants National Bank 9Sia bid.
100 asked; National Bank of Savannah, 1873
bid - asked, Oglethorpe Savings and Trust
Company 1912 bid 10l asked; Southern Bank
of the State Of Georgia, 1914 bid 165 asked;
Savannah Bank and Trust Company. 105
bid, JOG asked; Chatham Real Estate and
Improvement Company. 521s bid, 53l2 asked;
Savannah Construction Company. 74l2 bid,
70l2 asked; Title Guarantee and Loan Com
pany, so bid asked; Brush Electric
Light and Power Company, So bid 56ia
asked; Savannah Gas Light Co., 20 bid, p
New York. May money on call was
easy. at 112 PER cent the last loan was
at IL per cent; prime mercantile paper,
474la per cent bar silver. CSC; sterling
exchange inactive. with actual business
in bankers bills at S4.SSd4SS14 for 90 days,
and "a S9d4. 1914 for demand; posted rates
$4.SS12Q490; commercial bills, St.S7q4S72t
government bonds steady; state bonds
were firm: railroad bonds were strong;
silver at the board was quiet.
New York, May 1.-The treasury bal
ances We're as follows; Coin, $S3.121,OOO;
New York Nav . Noon.-Erie. u.
Northwestern, SO; do preferred. 40; Lake
Shore 1874; Norfolk and Western pre-
ferred, 1854; Western Union, 1872; South
ern Railway common, 1873; Southern Rail-
way preferred, 36& American Sugar. H.;
Baltimore and Ohio. s.; Canada South
ern, 53la; St. Paul 6S1s; Rock Island,
Sta; Delaware and Hudson, 1872 Della
ware. Dackawanna and Western, 100;
Manhattan, 11Sl2; Michigan Central, 1904;
New York Central, 9Sl2.
New York, May Aft there have been
any doubts existing as to the character
of the current speculation, to-day's opera
tions at the stock exchange ought GER
tainly to dispel them. For days past the
chronic bears, whenever the upward move
ment Jagged, have pegged away at the
list, at one time using the light earnings
of the Changers, and at another the ap
parent ability of the subsidiary officials
for Anthracite Coal roads to get together
on the question of May output. This, it was
claimed. would inevitably lead to a ruin
Gus coal war. To-day, however, the coal
sale agents met and agreed to mine three
their full capacity and even the Rea ding
representative stated that his company
would not stand in the way of a. settle
ment of the troubles now perpleXing the
trade. This was a severe disappointment
to the Wiseacres of the street, VINO have
been selling the coalers short on the
prospect of a war and in the last hour
there was some heavy buying to cover
contracts IN various parts of the list, I<ut
out at lower figures Reading moved up
from 1872 TO 1715; Jersey Central from s5i4
to 961s; Delaware and Hudson from lz9
to 1870 and Lackawanna from 1853 to 100.
Sugar was more active than the coalers,
but its fluctuations are of far less i'm
portance to7the general public over $1,000
shares of the stock were traded in az
111A0l131s, closing at ll2A The strength Of
the stock was attributed to buying by
new bull pool. Refined was advanced again
to-day for one grade of sugar. This APP
pears to be a part of the bull programme.
Chicago Gas and Leather were also more
active at a higher range. The West and
Standard Oil interests bought the former
and il was said that the chances for IA
vorable legislation by the Illinois legls-
lature were favorable. The Changers were
stimulated by good crop news and inn
proved about A61s per cent. Among the
low rriced stocks Louisville. New AL
bany and Chicago, Hooking Valley and Pa
cihc Mail scored higher figures. Pullman
Palace Car sold at 1T, the best price for
long time past. The market closed strong
and confident Net changes for the day
show gains of "A to per cent. Total sales
32S.g12 shares, of which $1,000 were Amerl-
can Sugar SS 500 Chicago Gas, and 30, 200
Leather The bond market was active,
and brisk demand prevailed throughout
New York Stock List-CIosing Bids
Stocks and Bonds-American Cotton Oil,
%: do preferred, 7715; Sugar Refinery; 1l2a4;
do preferred 1884; American Tobacco,
lO41s do preferred 19S5a; Atehison To- To-
Ohio. 57H; Canada Pacific, 4715; Chesa-
peake and Ohio, 1ssi Chicago and Alton.
149; Chicago, Burlington and quincy, lo9s;
Chicago Gas, 1914 Delaware, Lackawanna
and Western. I59ih; District Cattle Feed
ing, 1885; Erie u; do preferred, 2412 Ed
son General Electric. 337s: Illinois Cen
trail. 90; Lake Erie and Western, 2Q9s; 90
preferred, 77i5 Lake Shore, 14212; LOUIS
Vile and Nashville, 562s; Louisville and
n. A.. sis Manhattan, 118; Memphis and
Charleston, 10; Michigan Central. lQJ'
Missouri Pacific, 2615; Mobile and Ohio,
1872: Nashville, Chattanooga and 81.
Louis. 20; United States Cordage. e1s'
do preferred, 10l4: New Jersey Central,
96; New York Central 1855: New York and
New England. 80; Norfolk and Western
preferred, 1917; Northern Pacific. "a; do