The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-10

FINANCIAL.
Money is steady. with fair demand:
Domestic Exchange-The tone of the
market is steady. Banks are buying at par
and selling at 4 per cent. premium from
500 to $1,000; for larger amounts, $3.50 per
5000.
Foreign Exchange-Market steady. The
following are net Savannah quotations:
Commercial demand, Sass; sixty days,
! A.SA; ninety days, As6st; continentals,
steady; francs, Paris and Havre, sixty
days, S5.lS1z; Swiss, sixty days, $519A;
marks, sixty days. 50.
Securities-The market is quiet and very
dun, excepting an inquiry for Central is
sues.
State Bonds-Georgia, AZ per cent, 1918,
| 1l4la bid, 1l512 asked. Georgia z per cent,
1896, 104i5 bid, 1851 asked; Georgia Sla per
cent, long dates, lOlla bid, 1021a asked.
city Bonds-New Savannah per cent
April coupons. 1854 bid. 1852 asked; new
savannah . per cent May coupons, 1864
bid, 106A asked.
Railroad Bonds-Central Railroad and
Banking Company collateral, gold 5s, 80
bid, SO asked; Central consolidated mort
gage Z per cent. coupons, January and
July maturity, 1912 bid, asked; Savan-
nah and Western railroad 8 per cent. trust
certificates, so bid, 81 asked; Savannah,
Americas and Montgomery per cent, AZ
bid, 40 asked; Georgia railroad per cent,
1910, 109 bid, 40 asked; Georgia Southern
and Florida first mortgage per cent, 81
bid, 50 asked; Montgomery and Eufaula
first mortgage 6 per cent, Endorsed by
central rallfOaQt lUl ola, lU3 dSkeQs Au-
gusta and Knoxville first mortgage per
cent, 100 bid, 102 asked; Ocean Steamship
per cent, due 1920. SIZE bid, 9S12 asked;
Columbus and Rome first mortgage bonds,
asked; Columbus and Western per cent,
guaranteed, 1O7 bid. 10 asked; City and Su-
burban railway first mortgage Z per cent,
- bid, IS asked; Savannah and Atlantic
per cent, Endorsed, 10 bid, 20 asked Flee
trio railway first mortgage IS, - bid, -
asked South Georgia and Florida first
| mortgage per cent, 1903 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, Is
| bid 1512 asked; Augusta and Savannah Z
Georgia, common, 157 bid, 159 asked; South
| western per cent, guaranteed, including
order for div, 6Sl2 bid, 69l2 asked; Central
| faulted interest, 16 bid is asked Atlanta
| and West Point railroad stock, 81 bid, SO
asked; Atlanta and West Point per
cent. certif Gates, 92 bid, "a asked.
Bank Stocks, Etc.-Citizens Bank,
! l01h bid, 1922 asked; Chatham Bank,
| "A bid, 46 asked Germania Bank,
| 1921 bid, 10S asked; Merchants National
| Bank. 81 bid, SO asked; National Bank
! of Savannah, 100 bid, - asked;
IS bid, 100 asked; Southern Bank of the
| State of Georgia, 1874 bid, 1855 asked Savan-
| nah Bank and Trust Company. 105 bid, LOG
asked; Chatham Real Estate and Improve
ment Company, 81 bid, SO asked; Savan-
/ nah Construction Company, q bid. rs
asked; Title Guarantee and Loan Com
London, March Bar silver was
| quoted at 275sd.
New York, March 9.--Money on call
| was at per cent. Prime mercantile pa
| per, 4A@5; sterling exchange steady, with
| actual business in bankers bills at $4S7%9
4,SS for 60 days, and S4.S9l2 for demand;
| posted rates, S4SS12G4.90; commercial bills,
S4.s6s4 d4S71a; bar silver, 6Olac; govern
ment bonds, steady; state bonds, dull;
railroad bonds, easier; silver at the board
! New York. March 9.-The weekly state
ment of the associated banks shows the
! following changes:
! Reserve, decrease. ..................S5 265 SIS
Loans, increase. Observation-Disclosures. 5125, 600
Specie, decrease. 36S, 800
/ Legal tenders. decrease. ............ 30l5, 100
! deposits, decrease. ..............'... 4lISJ0
/ Circulation, increase. ............... 10000
The banks now hold S22, 7sS $50 in excess
of the requirements of the Is per cent.
rule.
New York, March 9. noon-Erie, tx;
! Northwestern, SIS; do preferred, 1888; Lake
| Shore 1S5l2; Norfolk and Western, pre-
| ferred, 1912; Western Union, 81; Southern
Railway, common, 9A; do preferred, 9ls;
| American Sugar, 99ls; Baltimore and
Ohio 52la; Canada Southern As; st. Paul,
/ 5Fs; Rock Island, 6lS; Delaware and Hud-
son, 1874; Delaware, Lackawanna and
! Western, 1561s; Manhattan, 1917; Michi-
! gan Central, 81; New York Central 95
/ New York, March 9-As on yesterday
| the stock market was strong for Sugar
and weak and lower for the Railway list
/ Sugar was in brisk demand and touched
/ par. The advance brought out long stock
1 and a reaction to 1884 M99B ensued. The
! early rise was due to reports that outside
| refners will follow the lead of the Ameri-
! can Company and advance prices of re-
| fined. The trust, it was reported, will
make another advance in certain grades
] next week.
The railway group was depressed dur
ing the first hour of business. Delaware
! and Hudson down to l23; Jersey Central
! to S3l4; Lackawanna, y to 1885; Erie, y
] to IA; Northern Pacific preferred 81 to
/ 1874, and Union Pacific q to SO, London
was again a seller, and the feeling on
! American securities abroad was quite
! bearish on account Of unfavorable rumors
! about the Canadian roads, the abandon
/ ment of the Erie reorganization plan and
! the likelihood of heavy assessments on
/ the stock and the dissolution of the Union
/ Pacific reorganization committee The
/ Anthracite Coalers were sold by local
! operators on the poor condition of the
| trade and the delay in fixing up the al
/ lotments After II o'clock the pressure TO
! sell abated and rally of 4 to y per cent.
! occurred, the latter in Jersey Central
/ Baltimore and Ohio, was in demand, the
! stock having been taken for southern ac-
count, on the official statement that the
/ May dividend will be paid The stock raj
| lied per cent to 5S53 and closed at S.
/ Lake Shore was also in better request
| and on light dealings, sold up pa to 1862 n
/ 1856 Disullers was steady, at l22s4121a. The
reorganization plan, which was advertised
contains nothing which has not been
/ known for the past two weeks Deposjts
! of stock are to be made at the Manhattan
| Trust Company on or before March %
1895. The form of assent and complete plan
/ will be issued to stockholders on Monday
| Speculation closed steady. Net changes
show advances of anywhere from a to IL
| per cent. in the Railway list. The Indus
| trials gained Is to IA per cent Louisville
! y to "a per cent. Total sales were 1876