The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-26
FINANCIAL.

Money Is steady. with fair demand
Ooihesuc ENchange-The tone of the
mar Is steady. Banks are buying at par
ana selling at 3 per cent. premium.
Foreign Exchange-Market firm The
following are net Savannah quotations:
commercial demand, SASSY; sixty DAYS
A.S54; ninety days, "a. S6at continentals
steady; francs, Paris and Havre, sixty
DAYS. S5:sA; Swiss. sixty days. $50:
marks, sixty days. 95 3-16.
dull. Jul
State Bonds-Georgia, AZ per cent. 1915.
l4A bid, 1859 asked; Georgia per cent
1886, 1914 bid, 1851 asked; Georgia 81 per
cent. long dates. 1919 bid 1O2ik asked
City Bonds-New Savannah . per cent
savannah per cent. May coupons, 1861
bid. 1851 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold S. 30
bid. 50 asked; Central consolidated mort
gage per cent. coupons, January and
July maturity, 122 bid, asked: Savan-
nah and Western railroad per cent. trust
certificates. bid, so asked; Savannah
Americas and Montgomery per cent AZ
bid, 40 asked; Georgia railroad per cent
1910, Jos bid, ITO asked; Georgia Southern
and Florida first mortgage 6 per cent. IS
bid. Sc asked Montgomery and Eufaula
nrst mortgage 8 per cent, Endorsed by
gusta and Knoxville first mortgage 7 per
cent, go bid, 100 asked; Ocean Steamship
5 per cent. due 1920. 97is bid. 9Slz asked
Columbus and Rome first mortgage bonds
Endorsed by Central railroad. = bid AZ
asked Columbus and Western 6 per cent
guaranteed, ITO bid, 1l2 asked; City and SUI
burban railway first mortgage per cent
- bid, So asked: Savannah and Atlantic 5
per cent, indorsed, Il bid, 25 asked; Elec-
trio railway first mortgage 6s, - bid,
asked South Georgia and Florida first
mortgage Z per cent, 100 bid, 10 asked;
South Georgia and Florida second mort
gage, los bid, 100 asked; Alabama Midland.
- bid, 81 asked; Brunswick and Western
As, guaranteed, Y asked.
Railroad Stocks-Central. common, u
bid, 141s asked; Augusta and Savannah Z
Georgia, common, 157 bid. 1853 asked South
western per cent, guaranteed, including
order for div, II bid, Y asked; Central
faulted interest. 16 bid, IS asked; Atlanta
and West Point railroad stock, 80 bid, 81
asked; Atlanta and West Point 6 per
Bank Stocks. Etc.-Citizens Bank.
10115 bid. 102iz asked; Chatham Bank,
49,, q bid, 4, e asked; Germania Bank
Bank, 9S bid, SO asked; National Bank
of Savannah, 131 bid, asked;
Oglethorpe Savings and Trust Company,
IS bid, 100 asked; Southern Bank of the
State of Georgia, 1854 bid, 165 asked; Savan-
nah Bank and Trust Company, 105 bid log
asked; Chatham Real Estate and Improve
ment Company, 50 bid. SO asked; Savan-
nah Construction Company, 76lz bid, rs
asked; Title Guarantee and Loan Com
pany, II bid, 70. ex-dividend. asked.
New York, March 25.-MOney on call was
easy at 2G2l2 per cent; the last loan was
at 21s per cent, and at the closing was off
fered at 21a per cent
Prime mercantile paper, 4$+0514 per cent
f Bar silver, 633sc.
Sterling silver very firm, with actual
business in bankers bills at $4S724a4 SO
for sixty days, and $4.s9AQ4S91a for de-
mand.
Posted rates, s4s9G4 9Olk
Commercial bills, $4S6s. d4.S7ik.
Government bonds firm; state bonds
We're dull; railroad bonds were active and
strong.
Silver at the Board was quoted at 6s5sc
New York, March 25.-The treasury bal
ances to-day We're as follows: Coin, $751;
1853, 600; currency. $50, IL, 600
New York, March %. noon.-Erie, on;
Northwestern. 925s; do preferred, 1857;
Lake Shore, 137; Norfolk and Western pre-
ferred, l2l2; Western Union, $50; South
e err Railway, common, 121s do preferred,
Ohio, 5il2; Canada Southern, 4934 St. Paul.
57ss Rock Island, 645s; Delaware and
Hudson, 100; Delaware, Lackawanna and
Western, 1882; Manhattan, 11O15; Michi-
gan Central, 50; New York Central 95
New York. March 25-Speculation at
the Stock Exchange was more active
down with great frequency, but the ten
dency throughout was upward There
was disposition at one time to accept
prof IS and this accounts for the irree1I-
larity of certain issues, like General Flee
trio and Jersey Central. General Electric
for instance which scored a gain of nearly
X, I
per cent. during the first hour This rise
ma turally brought out long stock and
recession from 377s to 1854 took place.
Subsequently there was a recovery to
57d371s, closing q per cent. lower ON the
day. Jersey Central started with gain
of 21s per cent to 9S%, then returned to
96&4, and rallied to 81. Distilhng and Cat
tie Feeding was another stock on which
the effect of realizations were noted. The
protective committee announced late to-
day that the reorganization plan will now
In L.
the deposits at the Manhattan Trust Com
pany foot up 320 600 shares. Chicago Gas
was weak and fell from 70 to 710l72 The
ruEnOr that the company will reduce div
idends was again revived The decision
sustaining the Ogden Gas Company char
ter was also used against the stock.
Sugar advanced from 1873 to 1917, and
reacted to 1OO7s. The rise was ascribed to
manipulation by well known ex-m ember
of the board, who is a heavy dealer in
privileges There were any number of
stocks which displayed great strength, and
a few which developed buoyancy. Issues
which have not been dealt in for months
came to the front and commission houses
again reported a good outside demand.
London came higher and its purchases
contributed in no small degree to the adj
vance in such issues as Louisville and
Reading. The Anthracite Coalers were
taken on reports that the presidents at
the meeting on Thursday will adopt meas
ures to strengthen prices. 1t is also be-
lieved that allotments will be decided
upon Among the Bituminous Coalers
here, Hooking Valley rose IL to 26sz; pre-
ferred, to SO; Hooking Coal. y to71s
Lake Erie and Western, preferred u to
49, The Cordage stocks advanced sharp
ly to So, the common to 10 and the pre-
ferred to 1912 for the guaranteed. Spec
ulation closed firm, with prices anywhere
from 4 to IA per cent. higher on the day
Chicago Gas. General Electric and Dis
tillers lost u to p per cent. The trans
actions aggregated 1856. 1859 shares, a very
heavy total. OF this Sugar figured $500
and General Electric for $500 shares.
Operators were in no humor
to listen to unfavorable reports. and in
consequence the poor earnings of Grang-
ers and the strength and advance in ster-
ling exchange were ignored. Railroad
and miscellaneous bonds were in sharp de-
mand at a higher range.
The sales of stocks comprised $4,000 !
shares listed, and 5000 shares unlisted.
New York stock disclosing bids-stocks
and bonds-Anerican Cotton Oil, 26i5; DO
preferred. 73d74; Sugar Refinery. 1007s do
preferred, "a; American Tobacco. 94is; do !
preferred. Jos; Atchison, 7. and S. E. 51s;
Baltimore and Ohio, 55h; Canada Pacific, !
3S34 Chesapeake and Ohio, 17ss; Chicago !
and Alton, 146; Chicago, =. and O., "a;
Tlr1a la.alru