The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-12
FINANCIAL.

Money is steady with a fair demand
Domestic Exchange The tone of the
market is steady. Banks are buying at par
5000; over 5000 at S1.0O per $1,000
Foreign EXchange-Mar6et weak. The
following are net Savannah quotations:
Commercial demand, $4S7; sixty days
AS6; ninety days, 1885, continentals,
steady; FRANCS, Paris and Havre. sixty
days, $5l9; Swiss. sixty days, $52015;
marks. sixty days. "a 1916.
Securiues-The market is dull and slug
gish for Central issues.
state Bonds-Georgia, ~ per cent, 1915,
1896, 105 bid, 106 asked; Georgia 3l5 per
cent long dates, lO2 bid, 1913 asked.
City Bonds-New Savannah per cent.
July coupons, 1861 bid asked; New Sa-
vannah per cent, August coupons, 1864
bid, 1864 asked
Railroad Bonds-Central Railroad and
Banking Company collateral, gold IS, 90
bid, 80 asked; Central consolidated mort
gage Z per cent. coupons, January ana
July maturity 1913 bid, asked; SaVan-
nah and Western railroad per cent. trust
certificates, 81 bid, So asked Savannah
Americas and Montgomery, 6 per cent, IS
bid 81 asked; Georgia railroad per cent
1910, - bid, 10 asked: Georgia Southern
and Florida first mortgage 6 per cent SO
bid, 80 asked; Montgomery and Eufaula
Central railroad iO2 bid. Jos asked: All
gusta and Knoxville first mortgage Z per
cent, 30 bid, 100 asked; Ocean Steamship
. per cent, due 1920, 97ia bid 9S1a asked :
Columbus and Rome first mortgage bonds
indorsed by Central railroad, - bid. 43
asked; columbus and Western per cent.
guaranteed 10 bid. 1l2 asked City and Su-
burban railway, first mortgage per cent
a bid 20 asked; Savannah and Atlantic 5
per cent Endorsed, Is bid. 23 asked: Elec-
trio railway first mortgage 6s 80 bid Al
asked; South Georgia and Florida first
mortgage Z per cent, 106 bid, 107 asked /;
South Georgia and Florida second mort
gage, Jos bid, LOG asked; South Bound rail-
road IS, Endorsed, "a bid, rs asked: Ala
bama Midland, - bid, 81 asked; Brunswick
ana western is guaranteed, Y asked.
Railroad Stocks-Central common 11tb
bid, lZ'2 asked; Augusta and Savannah Z
per cent guaranteed, u bid, 81 asked .
Georgia, common, 157 bid, 1853 asked ;
Guiding order for div, IS bid. 67iS asked /;
! Central per cent. certificates with order
Tor defaulted interest, 16 bid II asked /;
Atlanta and West Point railroad stock
% bid, 81 asked; Atlanta. and West Point
per cent. certificates 9515 bid, 9G1s asked
Bank Stocks, Etc.-Citizens Bank. 103
BID, lO4 asked: Chatham Bank As bid 40
asked; Gernania Bank, 103 bid, 104 asked !;
Merchants National Bank, 9sh bid 100
asked; National Bank of Savannah 1872
bsd. 1S3 asked; Oglethorpe Savings and
Trust Company, 100 bid, 10l asked: South
| ern Bank of the State of Georgia. 1854 bid
| l65 asked; Savannah Bank and Trust Com
| pany, lO5 bid 100 asked; Chatham Real
Estate and Improvement Company, 52l5
bid 53ia asked; Savannah Construction
Company - bid, 75'2 asked: Title Guaran-
Brush Electric Light and Power Com
papy, 55ai bid, 5612 asked; Savannah Gas
Light Company. 20 bid p asked
New York, May n.-Money on call was
IL per cent. Prime mercantile paper, So
per cent. Sterling exchange is weak,
with actual business in bankers bills at
| S4S5A@A96 for sixty days, and ST. S6s4 al 81
for demand; posted rates, S4.S16i490; COM
mercial bills, 4S5Q4.S5i2. Bar silver, 6634 C.
Government bonds, strong; state bonds
were yer. firm; railroad bonds were buoyant.
Silver at the board was dull
New York. May 1.-THE treasury bal
ances were as follows: Coin, $50, 294 OOC
New York. May 1.-THE weekly state
ment of the associated banks show the
tolowing changes: Reserve, increase,
SSs36,525; loans, increase, 81. 100; specie
decrease, S2SS,200; legal tenders, increase,
S6S33, 400; deposits, increase $40 S34 200: cfr-
eulation, increase, $4,000. The banks now
| hold $3lGT0,l00 in excess of the require
ments Of the . per cent. rule.
New York, May n.-Noon.-Erie, 15ss;
Northwestern, 9SA: do, preferred. 14215;
| Lake Shore, l46; Norfolk and Western
preferred. 17la; Western Union, $685.
Southern Railway, common, 1424 South
ern Railway, preferred, Il American Su-
gar llsi4; Baltimore and Ohio, 64st; Can
ada Southern, 54ss st. Paul, IS; Rock Is
land, 69$; Delaware and Hudson, $780, Del
aware, Lackawanna and Western, 1891 !:
| New ork Central, 10l
New York, May 11.-To-day's two hours
session at the stock exchange was the most
! exciting in years. The opening was strong
but later on there were realizations and
! speculation displayed little irreguiarity.
/ After II O'Clock, the bulls took hold again
and for time the market boiled. In fact
speculation had every attribute of a gem
| uine boom. Commission houses were sim
/ ply overwhelmed with orders and the en-
| curry embraced the gilt edged shares as
well as the stocks of companies Ia the
! hands of receivers. The excitement was
! intense and the brokers fell over each
other in their endeavor to execute orders
! Purchases for foreign account cut an i'm
portant figure in the dealings. New YORK
| Central is attracting great attention
abroad, and at the close there were still a
| number of orders for foreign account I'M
| executed The deIland for the dividend
| payers on the par OF foreigners is easily
! explained. In Lonion call money is quoted
as low as quarter a half per cent, while
/ New York Cent? al and other standard
stocks return anywhere from four to five
! per cent, per ann I'm. To-day's shipments
of securities to Europe We're the largest
for long time. frhe buying of the Grang-
/ ers was due to ? he improved outlook for
| the crops. Disthlers rose on the advance
| In sDlrlts. SUGAR , was bouNant on cables