The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-04-17
FINANCIAL.


! Money is steady, with fair demand.
Domestic EXchange-The tone of the
market is steady. Banks are buying at mar
az Sn o sellng al 5 pei. cent premium UP to
So.OtJ; over 5000 at Loo per 81 600.
Foreign EXchange-Market firm. The
loLoWlng are net Savannah quotations:
81 o w ri1d,4 demand s S sixty days
/ STEADY; francs, Paris and Havre, sixty
n nayS. Ssiji Et swiss. sixty days. 500
Securiues-The market is steady, but
quiet.
/ State ,Bonds-Georgia, AZ per cent, 1915
I ll5S4 bid. ll5R asked: Georgia per cent
1895, lOi bid, lO5 asked; Georgia 81 per
cent, long dates, i02 bid, lO3 asked.
city Bonds-New savannah per cent.
July coupons, 1854 bid, los asked new
savannah. per cent. May coupons, 1865.
/ bid l07l4 asked.
:, Railroad Bonds-CentraI Railroad and
I Banking Company collateral gold IS, 90
bid, 50 asked; Central consolidated mort
gage per cent. coupons, January and
July nat ISI.y, u PIC, = asked; Savan-
nah and western railroad 5 per cent. trust
7 certificates, 5212 bid, 535 asked; Savannah
Americas and Montgomery per cent, 50
bid, SO asked, Georgia railroad per cent .
1910, bid, 10 asked; Georgia Southern
and Florida first mortgage per cent. *
bid, So asked; Montgomery and Eufaula
first mortgage per cent, Endorsed by
/ Central railroad 100 bid iO2 asked: All
gusta and Knoxville first mortgage 7 per
| cent, IS bid, lOl asked; Ocean Steamship
per cent, due 1920. 97l5 bid 9Sl5 asked.
/ Columbus and Rome first mortgage bonds
/ Endorsed by Central railroad . bid a
asked Columbus and Western per cent.
/ guaranteed, Ill bid, 112 asked; City and Su-
burban railway first mortgage per cent
- bid, So asked; Savannah and Atlantic Z
per cent, Endorsed, Is bid, 25 asked; Flee
trio railway first mortgage 6s. - bid, -
asked; South Georgia and Florida first
mortgage Z per cent, 1903 bid, 10 asked
South Georgia and Florida second mort.
gage, 1O8 bid, 109 asked; Alabama Midland
- bid, 81 asked; Brunswick and Western
As, guaranteed, Y asked.
Railroad Stocks-Central. common IL
bid, 1919 asked; Augusta and Savannah Z
per cent, guaranteed, Il bid, 81 asked /:
Georgia, common, 157 bid. 1883 asked South
western per cent. guaranteed. including
order for div, So bid, 20 asked Central
per cent. certificates. with order for de-
faulted interest, l6 bid. 17la asked; Atlanta
asked; Atlanta and West Point per
cent certificates, S4z2 bid, 95la asked.
Bank Stocks, Etc.-Citizens Bank.
451s bid, 4612 asked; Germania Bank,
1921 bid, 1854 asked; Merchants National
Bank 9Sls bid. 100 asked; National Bank
Oglethorpe Savings and Trust Company
IS bid, 100 asked; Southern Bank of the
State of Georgia, 16i bid, 165 asked; Savan-
nah Bank and Trust Company, 105 bid, loo
asked; Chatham Real Estate and Improve
ment Company, 52ls bid. 5319 asked: Sa-
vannah Construction Company. bid, rs
asked; Title Guarantee and Loan Com
pany, rs bid. so asked: Brush Electric
Light and Power Company, 81 bid, so ask
ed; Savannah Gas Light Co., 20 bid, p
New York, April 16.-Money on call
easy at l12Q22 per cent. The last loan
was at and al the closing was offered
at 2 per cent. Prime mercantile paper,
4l2Q5 per cent.
Bar silver 671kc.
Sterling exchange firm with actual bust
ness in bankers bills at A.SS14 @46SlA for
sixty days and $S91s for demand Posted
rates, A.SSlzQ49o Commercial bills $4.s7A
Government bonds were firm; state
bonds were dull; railroad bonds were
lower.
silver at the board was quoted at 67s
@67Ae.
New York, April 1s.-Treasury balances:
Coin, SS4 63l 900; currency, $50, 2S4,O 600.
New York. April 16, noon.-Erie, 1912;
Northwestern, 933s; do preferred 1889; Lake
Shore, 14ll5; Norfolk and Western, pre-
ferred, IA; Western Union, So: Southern
Railway, common, liz; Southern Rail-
way preferred, 1875; American Sugar, 1O45s
Baltimore and Ohio, Sc; Canada Southern,
52$s st. Paul, 591a; Rock Island, 652s; Del
aware and Hudson, 12512; Delaware, Lack
awanna and Western, 100; Manhattan, ia; ;
Michigan Central. SO; New York Central,
9Sla.
New York, April 16-Higher quota lions
from London and moderate purchases for
foreign account impaired firm tone to
the local stock market during the early
trading and prices advanced from a to
IL per cent, Tobacco, Sugar, Tennessee
Coal and Iron. Kansas and Texas, the
Changers, Wheeling and Lake Erie, and
Manhattan being the most prominent in
the rise. Tobacco sold up to 9724, on the
announcement that the company had &C
quired the Ivanhoe plant of Long Island.
It was stated that no new stock will be
issued and that the purchase was made
out of the surplus of the American To
bacco Company. Sugar got up to 1888
on the most uncertain grades of refined.
The afternoon trading of the market was
declined to sell off. there being a general
disposition to accept profits. General
Electric was notably heavy and fell to 80.
Brokers identified with bearish interests
claimed to be in possession OF information
to the effect that the Westinghouse people
were not in sympathy with the pooling 4
patents scheme with the General Electric
and this was used against the stock of the
last named 1t should be renem bered,
however. that a director of the Westing-
house IS on record as saying that the
deal would go through. Leather, pre-
ferred, dropped rs to 749s and later rose
to 77d7ebs, on the declaration of another
dividend of ! per cent. Tennessee Coal
and Iron crossed 20 on statements by
President Baxter that the iron trade in
the south was improving. Speculation
closed steady. Net changes show losses
OF n to l per cent, Michigan Central lead
ing Sugar, St. Paul, Louisville and Nash
Vile Kansas and Texas, Manhattan. Ten
nessee Coal and Iron and Leather gained
Ad1 per cent. In the inactive llst; MIN
nesota Iron rose 2 to 46. and Rio Grande
and Western. preferred, "A to a. Total
sales were mi. s5S shares. The bond market
wes irregular, but in the main lower.
sales listed stocks aggregated $4,000 shares
and of unlisted stocks, $1,000 shares.
New York Stock Llst-Closlng Blus-
Stocks and Bonds-American Cotton OIL,
27Is: DO preferred. 7S074l3; Sugar Rein
cry. 104l5 do preferred, .9isi: American
otacco 96ia; do preferred, l01; Atehison,
Tobeka and Santa re, 81; Baltimore and
ohio. 55ib; Canada Pacific f15s; Chesa-
peake and Ohio, 175s; Chicago and Alton,
l47. Chicago. Burlington and Quincy 12af
chicago Gas 705k: Delaware. Lackawanna
ami Western, 1907 District Cattle Feed
49,; Erie 1917; do preferred, 2l9i Edison
General Electric, -: Illinois Central s0ia;
Lake Erie and Western, 1sss. DO pre-
ferred 7j& Lake Shore ltl. Louisville
and Nashville. 533s. Louisville and y. a..
Ga: Manhattan, ll3ia Memphis and
Charleston. 10; Northwestern, g'S
Northwestern preferred. l39; Michi
gan Central. 9Si2i Missouri Pacific: 2iK;
nooea and ST. LOuis. 20; United States
c0rdage 81: 10 preferred gss New Jer-
scy Central, --i New York Central $50;