The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-29
FINANCIAL.

New York, Oct. 2s.-Money on call was
steady at 2G2i2 per cent; the last loan
was at 2l2 per cent, and at the closing
was offered al 2i2 per cent. Prime mer-
camille paper, 5Ad6 per cent.
Bar silver, 614ic.
Sterling exchange firm, with actual bust
ness in bankers bills at &.S7A0AS71a for
sixty days. and A.S8&d4SS1s for demand.
bills. S4S6hm4S7.
Government bonds were firm: state bonds
were dull; railroad bonds were steadier.
Silver at the board was quoted quiet.
New York. Oct. 2S-The treasury ball
ances were as follows: Coin, $50, 1904;
New York Oct o. noon.-Erie, 1874;
Northwestern, l055s; do preferred, 1i1la;
Lake Shore, 100; Norfolk and Western
ern Railway common, 1l5s; Southern
Railway preferred, 36; American Sugar,
Southern, 55l4; St Paul, &c; Rock Island,
75A: Delaware and Hudson, 131;
Delaware, Lackawanna and West
ern, 161; Manhattan, 1854; Michigan Cen
trail, 97I2; New York Central, 1904.
New Ork, Oct. 2S.-During the early
part of the session at the stock exchange
liquidations We're the order of the day
and certain of the Industrals scored ma
terial losses Sugar, Leather preferred
and Tobacco were not noticeably heavy
in this group, while the Changers. Manhat-
tan and the International shares were
the weakest among the railways. London
cables came lower and the foreigners were
sellers of Louisville and Nashville and
Reading. Estimates place foreign liQui-
dations to-day at fully 1900 shares. Ac-
companying this selling there were re-
ports of an early resumption Of gold eX-
ports and rumors of trouble in London,
because of the recent shrinkage in KAT
frs. At home the continued drought in
the winter wheat belt causes uneasiness
and some selling Of the western shares. In
addition, the bears were quite aggressive,
especially in the Industrials Sugar, Leath-
er preferred and Tobacco coming in for
the most attention. Sugar dropped from
103A to 1918, and later allied to 1C2ss. A
good deal of long stock came out, the sell
ing being based on rumors that congress
will take up Sugar matters shortly after
converting Leather preferred dropped
from 72h to e9%i, and Tobacco from 90 to
9lss. The railway list ran off ATl1A per
cent. The International stocks, South
western and Manhattan leading. Wheel
ing and Lake Erie preferred, however
broke 2h to A. In the afternoon when it
became known that no arrangements had
been made looking to gold exports and the
st. Paul statement from September was
given out, liquidations ceased and the
market gradually assumed frmer tone.
The St. Paul report for September makes
an excellent showing, net earnings hav-
ing increased about $4,000 The reduc-
ton in operating expenses, officials say, is
due to the improved condition Of the road.
The afternoon recovery ranged from a to
212 per cent. and nearly every stock on
the list participated in the upward move
ment Tennessee Coal and Iron fell IL to
SIS, on the announcement that the deal
with the Schloss Company had
been declared of. Later the stock
tive stocks, metropolitan Trac-
ton jumped Al to 1883 The market closed
firm, with some stocks showing gains of
14@1h per cent. on the day. Bonds were
irregular but in the main dull Sales were
$1,i18,OOO. The sales of listed stocks az
gregated 1872 36 shares, and of unlisted
stocks 1858 shares
New York Stock List-Closing Bids
Stocks and BOnds-American Cotton Oil
22ls; DO preferred, 20; Sugar Refinery
1925; do preferred, 9994; American Tobac-
peka and Santa Fe, POS Baltimore and
Ohio, 601a; Canada Pacific, 59l4; Chesa-
peake and Ohio, 1875; Chicago and Alton
l6S; Chicago, Burlington and Quincy
S59t Chicago Gas, 6SA; Delaware, Lacka-
wanna and Western, 166; Distillers Cattle
Feeders, 1884; Erie, 10; do preferred, p;
Edison General Electric, 34h Illinois Cen
trail, 1907 Lake Erie and Western. p; do
preferred. &c; Lake Shore, 1909; Louisville
and Nashville, $50; Louisville and n. a.,
g6arieston i5 Mchigan central y; MIS- o
souri, Pacific, 1874; Mobile and Ohio, 22A
Nashville Chattanooga and st. Louis,
red, IA; n. J. Central, 10; n. Y. Central,
1905; n. Y. and n. E., 50; Norfolk ana
Western, preferred, 12la; Northern Paci-
fc Az; do preferred. 1885, Northwestern,
1858; do preferred, 14S; Pacific Mail, 9014
Reading, 1875; Rock Island, 1875; st. Paul,
761k; do preferred 1854 Silver Certificates,
67az Tennessee Coal ana iron, $50, 90 pre-
ferred, 9S; Texas Pacific, go; Union Pact
fic 127k: Wabash. St. Louis and P, So;
do preferred. 2l7s; Western Union, 81;
Wheeling AID L. e, IA; do preferred 44A;
Southern Railway IS, 9614; Southern Rail-
way common, ia; Southern Railway pre-
ferred, So.
State Bonds-Alabama A, 1897; do B.
1C91b; do c, 1904 Louisiana stamped IS,
leo: North Carolina 4 s, 1914; North Car
DINA 6's 123; Tennessee, new set, 3s, 50;
Virginia 6's. preferred, 6: Virginia Trust
Receipts, 61a; Virginia Funding Debt, 6212;
South Carolina AIS, 1914
Government Bonds-United States IS,
registered, 1111k; United States As, cou-
pons, 11115; United States rs, register
ed, 971z.