The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-05-22
FINANCIAL.


a. ~ 49, selllng at y per cent. premium uF 70
SS,0Oo; over $500 az Sl.O0 per sI.GOO
f,F, oreign Exehange-MarlSet hrmer. The
IHolIowlng are net Savannah quotations:
commercial demand. S4STb sixty DAYS.
St.oo12, ninety days. S4.S6h cOntinentals
SSIeady; francs, Paris and Havre. sixty
marks, sixty days. IS 1-16
Se;csurltles-The market is quiet. and Sc
cuIliles OF the Central system are rather
NOMINAL but offerings very light.
state Bonds-Geo-Ria az Der cent 1915
10 ia9s DIG, JIG asked; Georgia, per cent.
lSso, lQo bid, l06 asked; Georgia slk per
cent, long dates, 1O2 bid. i03 asked.
City Bonds-New Savannah r ner cenr
July coupons, 1861 bid 49, asked new Sa-
N,annah per cent. August coupons. 1853
Railroad Bonds-Central Railroad and
BANKING Company collateral gold IS. 90
Die old, 20 asked; Central consolidated mort
July maturity l2S bid, - asked: Savan-
nan and Western railroad. per cent. trust
certlncates, q bid, 50 asked: Savannah
Americas and Montgomery 6 per cent 81
bio, 5Il2 asked; Georgia railroad per cent.
lYIg' - Old, ITO asked; Georgia Southern,
ana FLORIDA first mortgag 8 per cent, 9llb
s siu; . asked. Montgomery and EUfaula
I I.Ist mortgage . per cent. Endorsed by
central railroad, lOl bid, 102 asked Au-
gusta and Knoxville first mortgage 7 per
cent, 30 bid. 100 asked; Ocean Steamship
. per cent. due 1920, 97lA bid, 9s1h asked:
Coiumbus and Rome first mortgage bonds,
lndorsed q, by Central railroad. = bid. 45
ooFAtHt COLUMBUS ana W eStRTn 6 cent
guaranteed, 10 bid. 1l2 asked City and SUI
burban railway, first mortgage Z per cent.
u bid, - asked; Savannah and Atlantic :
per cent, lndorsed. 10 bid, % asked; Flee
trlc railway hrst mortgage SIS. 30 bid 80
asked; South Georgia and Florida first
mortgage Z per cent log bid, 107 asked;
South georgia and Florida second morn
gage, Jos bid. lO6 asked South Bound raii-
road 5s, Endorsed, "a bid 7s asked. Ala
bama Midland, SO bid, 80 asked; Brunswick
and Western As guaranteed. Y asked
Railroad q or vol ~
0ld, 10 asked: Augusta and Savannah Z
per cent, guaranteed. n bid, 81 asked
Georgia, common. 159 bid, le2 asked !:
southwestern per cent, guaranteed. in
Guiding order for div, - bid, IS asked:
Central per cent, certih ;ates with order
tor defaulted interest, II bid 1s asked
80 bid, 81 asked; Atlanta and West Point
per cent. certificates. 95i5 bid 96l5 asked
Bank Stocks. Etc.-Citizens Bank 1922
bid, lO4lR asked: Chatham Bank 4SL. bid AZ
asked; Germania Bank, 1903 bid i0i asked:
Merchants National Bank, ssIa bid. 100
asked; National Bank of Savannah, l32
bid, asked; Oglethorpe Savings and
Trust Company, 100 bid. 101 asked; South
ern Bank of the State of Georgia, 1874 bid.
l65 asked; Sayannah Bank and Trust Com
pany, JOG bid, l07 asked; Chatham Real
Estate and Improvement Company. 52h
bid 53i5 asked: Savannah Construction
Company, "a bid, 75iz asked; Title Guaran-
tee and Loan Company, 70 bid, 81 asked ;
Brush Electric Light and Power Com
Light Company. 20 bid. n asked.
New York. May 21.-Money on call was
at IA per cent. and at closing was offered
at IL per cent. Prime mercantile paper.
315d4 per cent.
Bar silver 667kc.
Sterling exchange strong with actual
business in bankers bills at S4.S7d4. S7l4 for
60 days, and S4.SSlI4. SSI4 for demand. Posted
rates, st.SSG4S9 Commercial bills. s4.S524G
4s61a
Government bonds firm; state bonds dull;
railroad bonds were higher.
Silver at the board was dull
New York, May 2.-Treasury balances
ware as follows Coin. $S2Os3, 200; currency,
New York. May 2, noon.-Erie. u;
ferred, 1872; Lake Shore. 146; Norfolk and
Western preferred. Is. Western Union. 921s;
Southern Railway common, 1875 Southern
lis; Baltimore and Ohio, 621a; Canada
Southern, "a; St. Paul 63s; Rock Island,
6Sl4; Delaware and Hudson, 1871; Della
ware. Lackawanna and Western. 1927.
New York Central, lOlR.
New York. May H.-There was mate
rial falling off in business on the Stock
Exchange to-day. the sale of stocks foot
ing up 2S7 754 shares. against 33s. $50 shares
yesterday. The dealings in railway and
miscellaneous bonds aggregated 81, 5S7 900.
rather irregular on London selling and
further offerings by professionals who
have apparently been deluded by the SEN
sational reports of serious damage to
crops The strength of sterling exchange
was, perhaps, the result of manipulation,
also encouraged the reactionists The most
serious decline during the early hours was
in Northern Pacific preferred. which
dropped to 49, the provisions for the pro-
posed reorganization scheme as cabled
from Berlin having received A~e atten-
that the plan provides for a heavy assess
ment on both the common. and preferred
the bears on stocks feel less secure Of their
pos .,tlon and after midday there was
=. ady demand to cover short contracts.
<his buying led to an advance of AqlSs per
cent. In the Improvement, the stocks most
conspicuous were Sugar, the Anthracite
Coalers, Changers. Missouri Pacific. Louis
VILE and Nashville. Manhattan, Southern
Pacific. Tennessee Coal and Iron, and the
Wabashes Chicago Gas displayed that
strength and after slight reaction az the
opening, sold up ~ to &? western ad-
vices were to the effect that the legisla-
ton desired by the company Will be grant
ed. Laclede Gas was quite feature and
rose 3 points to 80. Leather securities were
also higher on New England buying, and
the common rose Ia to 225s and the pre-
ferred pa to 94i4. The favorable report of
the Rubber Trust for the year led to buy
ing Of the shares. and the common sold
up to Al. and preferred to 9434. Cordage was
quiet. 1t is Understood that the company
has been able to secure funds necessary
to meet it's July coupons on its first mort
ga ges 1t now depends whether the man
agement will accept the money. It has got
beyond the question of meeting the inter-
est on the bonds and IS ma tier Of fact. II
usually well informed people know what
they are talking about, the company, in
order to hold its own with competitors,
must have fresh capital. How this Is 10
be obtained IS the question. Speculation
closed strong with an advancing tendency.
Net changes show gains of hMl12 per
cent in the usually active list. The bond
market was higher. The sale of listed
stocks to-day aggregated $4,000 shares,
and of unlisted stocks. 5000 shares.
Now York Stock List-Closing Bids
Stocks and Bonds-American Cotton oil,
2alb: do preferred, 75A; Sugar Refinery
I1Sa,; do preferred, 99la American Tobac-
60 i66s, 10 preferred, 112; Atchison, 7. and
s r. S; Baltimore and Ohio. 6215: Canada
Pacific. 51ib; Chesapeake and Ohio. 22ss;
Chicago and Alton. 1885, Chicago. i. and O.
79ib: Chicago Gas, 7434 Delaware. Lacka-
wanna and Western. 1929; Distillers. Cat
lie Feeders 23is; Erie, 121s; do preferred
n: Edison General Electric, SIS; Illinois
Central. 9415. Lake Erie and Western, n
do preferred. 1877; Lake Shore TAG; Louis
and Nash. 5sss; Louis. and y. A.. y; Man
haitian. l16A Memphis and Charleston
Il asked; Michigan Central l0o}s: Missou-
ri Pacific. pos; Mobile and Ohio, =; Nash
q and ST L. 81 asked United states Cord