The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-04-09

AAe1A net 70 HASdu9s LndAkS are buying at par
and selling at = per cent. premium.
Foreign Exchange-Market firm. The
following are net Savannah quotations:
Sis7sl; rinety days. S4s6l5; continentals'
steady; francs, Paris and Havre, sixty
days. S5lsA; Swiss, sixty days. $500;
dull.
1l4A bid 115ls asked: Georgia per cent.
1895, l04 bid, los asked Georgia 3lk per
cent. long dates. 1Ollz bid. 1924 asked.
City Bonds-New Savannah per cent.
savannah, per cent. May coupons, 1862
bid. 107 asked
Banking Company collateral gold IS, 80
bid, s. asked; Central consolidated mort
gage Z per cent; coupons. January and
July maturity, l22 bid, = asked: Savan-
nah and Western railroad per cent. trust
certificates. 81 bid, 81 asked: Savannah
Americas and Montgomery per cent, AZ
bid, AZ asked, Georgia railroad per cent
1910, bid. 10 asked; Georgia Southern
and Florida first mortgage 6 per cent, ssh
bid, S9ls asked; Montgomery and uEfaula
Central railroad. 100 bid, 1O1 asked; Au-
gusta and Knoxville first mortgage I per
cent, bid, 100 asked: Ocean Steamship
5 per cent, due 1920. 97ik bid, 9Sls asked;
Columbus and Rome first mortgage bonds.
Endorsed by Central railroad. : bid, As
asked; Columbus and Western per cent
guaranteed, ITO bid, 112 asked; City and SUI
burban railway FIRST mortgage per cent
- bid, IS asked; Savannah and Atlantic
per cent, Endorsed, 10 bid, rs asked; Elec-
trio railway first mortgage 6s. - bid, -
asked South Georgia and Florida first
mortgage per cent, 1o9 bid, 10 asked;
gage, 1Os bid, 109 asked; Alabama Midland.
= bid, 81 asked; Brunswick and Western
As, guaranteed, Y asked.
Railroad Stocks-Central, common, II
bid, 12l5 asked; Augusta and Savannah Z
per cent, guaranteed, rs bid so asked;
Georgia. common, Isl bid. 1853 asked; South
xrFa m n r n p
order for div, SO bid, 20 asked; Central
per cent. certificates. with order for de-
faulted interest, 16 bid, 17i2 asked; Atlanta
and West Point railroad stock, 80 bid, SO
asked; Atlanta and West Point per
cent. certificates. SO bid, 81 asked.
Bank Stocks Etc.-Citizens Bank,
1903 bid 1882 asked; Chatham Bank
IS bid 46 asked; Germania Bank
1929 bid. 1882 asked; Merchants National
Bank 9S1b bid 100 asked; National Bank
of Savannah, 1Sl bid, = asked;
Oglethorpe Savings and Trust Company,
IS bid, 100 asked; Southern Bank of tho
State of Georgia, 1854 bid, l65 asked Savan.
nah Bank and Trust Company, 105 bid, LOG
asked; Chatham Real Estate and Improve
ment COMPANY, 81 bid. 81 asked Savan-
asked, ex-dividend asked; Title Guarantee
and Loan Company a bid, IS, ex-dividend,
Company. 50 bid, 81 asked; Savannah Gas
Light Co. 20 bid, q asked.
New York, April S.-Money on call was
easy at 2Q2l2 per cent. the last loan was
ferred at per cent. Prime mercantile
paper &@5Ac.
Bar silver, 66Ac.
Sterling exchange, firm, with actual
business in bankers bills. S4SSIa for sixty
days, and SiS912 for demand; posted rates,
81 S9IaG4 9Olb Commercial bills, $4S715m4.SS.
Government bonds have been firm; state
bonds have been higher; railroad bonds
were strong.
New York April S.-Treasury balances
were as follows: Coin, $S5,35l, 900; curren-
New York April 8. Noon.-Erie, 9k;
Northwestern, 9lA; do preferred, 1881;
Lake Shore, 1861; Norfolk and West
ern preferred, 10; Western Union, S61k;
Railway preferred, S2$4; American Sugar,
1904; Baltimore and Ohio, 81; Canada
Southern, sou; st: Paul, s.; Rock Island,
63at Delaware and Hudson, 126; Delaware,
Lackawanna and Western, 1872; Manhat-
Central Cen s5is. -
regular, the railway issues showing
strength on account of higher cables from
London while the industrials were in
clined to weakness. subsequently raid
was made on the Anthracite Coalers and
sharp losses were recorded. Delaware
and Hudson broke 4ss to 124ss, New Jer-
to- 15s5s and Reading, 70 to 12l5. The Del
aware and Hudson decline was partly
due to liquidation by an estate and Jer-
sey Central sold off on the reduction in
the dividend from Ia to IA per cent. for
the Quarter. Rumors that the Anthra-
cite Coal situation was not in such good
shape as reported last week and that
there will be no arbitration of the disputed
questions after all, were also used against |
these stocks. Later in the day. however,
the sales agents advanced the prices OF
three smaller sizes of coal, 10 per cent.
ton and this not only set at rest the un-
favorable rumors referred to, but led
to a general covering movement. Jersey
Central recovered to 933s, Delaware and
Hudson to 124l4, Lackawanna to 1885
and Reading to Is. The action of the
sales agents was also considered neces-
sary step toward the rehabilitation of the
trade The advance in western prices |
was thought to be of great importance
there In the other railway stocks, u
good demand prevailed for the Changers
nothing to the general run of prominent
stocks Baltimore and Ohio was adverse |
w affected by an unfounded ruHor that |
the May dividend Will be passed. Ihe |
stock broke 3% to 55 and rallied to Sc bid. !
In the industrials, Sugar fell from Is 10 |
$685. and advanced to 10l% 4lOlss Tobacco |
faIi y to IS and rose to 9612Q96. Chicago !
Gas declined rs to 702s and recovered TO |
71K Lead sold down l to 81 and returned |
to 319s. General Electric declined Is TO
325s and rose to 333s. Chicago Gas was |
weakened by a report that the directors !
on Wednesday will reduce the dividend 20 |
a five per cent. per annum basis me de-
Law in signing the pooling agreement hurt |
General Electric for a time. At the close /
the market was firm in tone. The usually /
active stocks showed slight gains for the /
dav. Reading gained Is and Lackawan- /
ma and Delaware and Hudson lost "a |
% per cent. respectively. Jersey Central /
closed unchanged. The decision of the I
supreme curt sustaining the income tax /
excepting that part of the law taxing /
rentals and state and municipal bond had |
little influence. 1t is expected that state 4
and municipal bonds Will rule higher /
shortly in Consequence Of the decision. /
The poor statement OF the burlington
and Quincy was not unexpected by any |
means and II had no effect Of the com
pany's securities. The good news Of the
day consisted in reports Of drenching |
rains in the grain and corn belt. The
March statement OF the New York Cen
trail which shows an increase in gross