The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-01-04
FINANCIAL

FINANCIAL
Savannah, Jan. S.-Money is steady.
Domestic EXchange-The tone of the
market is steady. Banks are buying al
lis per cent. discount and selling a Lilo
premium for amounts of $500 or over
Foreign Exchange-The market Is
firm. The following are net savannah
quotations Commercial demand, St.s7ia;
francs. Paris and Havre, Sky '' laws,
s3.ls12; Swiss sly days, S5l9ss; marks.
Securities-A good demand for bonds and
railroad shares.
State Bonds-Georgia ~ per cent. 1915.
lf2 bid, I5lA asked, Georgia per cent,
1896 1913 bid, 1O5la asked. Georgia 80 per
cent, long dates, 100 bid, 10l asked
City Bonds-New Savannah per cent.
quarterly eX-January coupons, los bid, 49,
asked; new Savannah per cent Febru-
airy coupons, 1864 bid, 106l3 asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold IS IS
bid IS asked; Central consolidated mort
gage 7 per cent. coupons, January ana
July maturity, 1898, tl9 bid, asked; Sa-
vannah and Western railroad per cent
trust certificates, 50 bio. IS asked; Sa-
vannah. Americas and Montgomery per
cent, 81 bid. 3 asked; Georg- a railroad
per cent. 1910, 10 BID, III asked: Georgia
Southern and FLORIDA, first mortgage 6
per cent, ssh bid Sll2 asked; Montgomery
and Eufaula first mortgage per cent
indorsed by Central railroad 1887 bid, Jos
asked: Augusta and Knoxville first mort
gage per cent, lO2 bid, lO3 asked; Ocean
Steamship per cent. due 1920. 97i5 bid
1912 asked Columbus and Rome first
mortgage bonds Endorsed by Central rail
road - bid, 43 asked; Columbus and
Western, per cent, guaranteed. los bid.
40 asked; City and Suburban railway first
mortgage per cent bid. s. asked:
dorsed. - bid. 81 asked; Electric railway
first mortgage IS, 49, bid. GO asked; South
Georgia and Florida first mortgage per
] T-FN a=lrG cd p Go 10 80
! Florida second mortgage, los bid. - asked ;
Alabama Midland. So bid, 81 asked; Bruins
wick and Western As, guaranteed, %
Railroad stocks-Central common. Is
bid, II asked; Augusta and savannah Z
per cent. guaranteed, SO bid, SO ex-dvi-
asked; Southwestern per cent. guaran-
teed, including order for div, Il BID, Y
asked; Central . per cent. certificates,
with order for defaulted interest y bid,
% asked Atlanta and West Point rail
road stock, SO bid. 81 asked; Atlanta and
West Point per cent. certificates, 81 bid.
Bank Stocks, Etc.-sou!hern Bank of
1872 bid, 1875 asked; Merchants Ma,
asked; Savannah Bank and Trust Com
pany, ex-diy., 102 bid, = asked; National
Bank of Savannah, 1870 bid. 13l asked;
ex-dividend, IS bid, 81 asked; Citizens
Bank ex-dividend, 80 bid 100
asked; Chatham Real Estate and
bid. 81 asked; German;a Bank, 102 bid,
1903 asked; Chatham Bank, eX-div., As bid,
ls asked: Savannah Construction Com
pany, 1872 bid, 70 asked: Title Guarantee
| and Loan Company, IS bid, 50 asked.
New York Jan. S.-Money on call was
! easy at 162 per cent, the last loan was a
IL per cent and at the closing was Of
fered at 1i2 per cent. Prime mercantile
paper 30l per cent. Bar silver.
592,c; Sterling exchange, tirn;
with actual business in bankers bills al
! $4S7Isa$4S7s4 for 60 days, and $4.ss12QA $50
for demand; posted rates, "A. SSi204S9i2.;
commercial, $4.S6l2q&.S7A Government
bonds. lower state bonds, active. Rail-
road bonds were weak. Silver at the board
was 5934c. bid.
Coin, 81 4Ol 900; currency $l5;555Vgo.
the opening quotations at the STOCK Ia
"hange: o-.
Chicago and Northwestern. ........ IS
lake Shore OBSERVATION-DISCLOSURES. .134i2
Norfolk and Western preferred .... 1794
Western Union .......;.,..'..'-.''-- 6999s
Southern Railway, common ........,.lU12
Southern Railway preferred ......... "a
New York Jan. 3-There was quite
lively selling movement at the stock eX-
change this morning, and the feeling was
more bearish than for long time. Prices
broke p to q per cent, the latter IN Jer-
sew Central, which fell TO ssh. Certificates
in the name of old time holders made their
appearance in the street, and II was ar
gjled from this that a chance in the divi-
dend rate was imminent The Changers
we're decidedly heavy, St Paul falling 10
* Northwest to 947s, Rock Island TO 691a,
ana Burlington and Quincy to o91s, De
cline of AQ1 per cent. Inc poor showing
made by the St. Paul for the fourth week
and month of December, and that or the
Rock Island for Dece mber, created very
bearish feeling on these issues. BeSldeS
ofticiais Of the Rock Island and st. PAU
were out with gloomy interviews regard
Ing the outlook for the coming six months,
ana this helped along the dechne;
Chicago Gas was another weak spot, ana
fcii ia 7lb on the revival of the talk about
cutting the dividend. The directors met
to-day and il was given out, out not Of
GciaIiv that no action VIII be taken on
tba dividends for a fortnight. London was
. seller of the international STOCKS ana q
TlImor came from there that the lillnoiS
| Central would reduce us ulNluend IalS.
IN fba afternoon, a house identihed win
| the big bear trader bought ABOUT l0,uW
| b9res Of ST Paul and this turned the
market About the same time there was
/ maze from Washington that the senate
lgould take speedy action on the rallIoaq
| nooIinp bill and the President would
! soon send a message urging SPEEDY aciio
~, currency matters. The rally IN prices
! ranged from \ to "a per cent, Su6dt
! isading with sales up to ~; me .ouy-
ing Of this stock was go 80
| Washington advices that the Tree sugar
| biII will be taken up IN the senate were
| is5nored The market closed strong, & 70
| Il ner cent. higher for the Day CSnadlan
| 35siie. daclined , to 55;Consolidated Gas TO
t sss ana nd Jersey Central is PEI, cent
sales $4,000 shares OF WHICH lS ca r mere
is T6a quotations at the closing We're as
! follows; ~, 90. -, rrsf.,.re5
| 71,Ssll. sugar Refinery $50; 90 preIerTe9'
~, ~ rican Tobacco, 9Si4: do preferred,
NJ: Atctison. Topeka and santa re. ~
Baltimore and Ohio; 6s; Canala gaclis s'3
and Alton, i46; Chicago, Burlington and