The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-04
FINANCIAL.


Money-Steady-
Foreign Exchange-The market was
weak. The following are net Sa-
s4S7; sixty days. S4s6; ninety days.
S.59s; francs, Paris and Havre, sixty
days, S5.l9; Swiss sixty days, S5.2O7s;
Domestic ExchangeEThe tone of the
market is quiet Banks are buying at
par and selling at lilo per cent premium
for amounts TO 81, 900 and over.
Securities-There is but little doing in
market, but offerings are light and quo
tations in many instances nominal. Har-
dening tendency in Southwestern railroad
stock.
Stocks and Bonds-state Bonds-Geor-
gia, 80 per cent bonds of 1880 1Ol bid.
10ls4 asked; Georgia 80 per cents, due 1915,
lO2 bid, 1929 asked; Georgia AZ per cent
Smiths, maturity 1886 iO1 bid. io1.E asked;
City Bonds-Atlanta per cent. 107 bid,
los asked Augusta 4lzs. 1925, 105 bid, 106
asked; Augusta Z per cent, 1l3 bid, ia
asked; Augusta per cent, III bid, 112
asked; Macon per cent, 116 bid,
III asked; Savannah 5 per cent, quar-
savannah ; per cent quarterly May
ton As. 95 bid. SO asked.
Railroad Bonds-Savannah, Florida and
Western railroad general mortgage bonds,
6 per cent. interest coupons, liz bid, 1l3
asked; Atlantic and Gulf first mortgage,
and July maturity, 1897, iOl BID, iOS asked;
Central Railroad and Banking Company,
collateral gold 5s, 90 bid, 96 asked; Cen
IS, 1915, 100 bid Ill asked; Central of
Georgia Railway consolidated 5s, 5O-year
gold bonds. 81 bid, $50 asked; Central of
Central of f Georgia Railway iSSs seq :
ond preferred incomes, 10 bid,
Georgia Railway third preferred Incomes.
10 asked when issued; Georgia railroad
Is, 1910. Ill bid. 112 asked: Charlotte. Col
umbia and Augusta first 5s los bid 107
asked; Charlotte, Columbia and Angus
ia second mortgage Is. III bid, lib asked;
Georgia Southern and Florida new IS, 80
bid, 81 asked; South Georgia and Florida
first mortgage Is, LOG bid, : asked; South
Georgia and Florida second mortgage rs.
los BID, - asked; Savannah. Americus and
Steamship per cent. bonds. 1920. IS bid,
81 asked; City and Suburban railroad
first mortgage z per cent. bonds, 761a bid.
70 asked; Electric. Railway IS, due 1885,
"a bid, 80 asked; Alabama Midland per
cent Endorsed, = bid, 80 asked; Bruins
wick and Western As, = bid. Is asked;
Southern Railway IS, 90 bid. 81 asked IAsu
nah; ssi4 i I bid :, 8 $50. asked; Central
mon, Us bid. l7S asked; Southwestern, s2s4
Point railroad 1 stock, g bid. ioi asked;
certificates, 50 bid. 100 asked: Savannah
Construction Company. n bid, 70 asked
Gas stOck as Gaisltght stock
and Power Company, 50 bid 70 asked.
Bank stocks. Etc.-citizens' Bank.
11I90A bid, l1ll4 ask esked' Chatham Bank,
l07 bid, los asked; Merchants National
Bank. 1919 bid, 10275 asked; National Bank
of Savannah, 100 bid, 1872 asked; Oglethorpe
Savings and Trust Company 1882 bid. 1919
asked; Southern Bank of State Of
Georgia. 1866 bid. 1913 asked: Savan-
nah nah Bank and Trust Company. los bid,
107 asked; Chatham Real Estate
and Improvement Company, A, 52A bid
53A asked; b, 5Ola bid, Sly asked |;
Title Guarantee and Loan Company 50
Factory Bonds-Augusta Factory. IS
lO3l6 bid, 104 asked: Sibley Factory IS, 100
bid. 1Ol asked; Enterprise Factory IS, 105
hid 1O6 asked; Eagle and Phenix Manu-
featuring Company, per cent. bonds, 80
oi Factory Stocks-savannah Cotton Fac
tory, 60 bid, GA asked; Eagle and Phoenix
Manufacturing Company, % bid, q asked; ;
Augusta Factory, " bid, so asked; Gran
iteVille Factory, 155 bid, 15S asked; Lang
prise Factory, common, SO Did, 101 asked:
J. p. King Manufacturing Co., los bid, 10
asked; Sibley Manufacturing Company,
so bid SO asked; Savannah Brewing Com
pany, So bid. 80 asked.
New York, Feb. 3.-Money on call was
more active at 4l2qS per cent; the last
loan was at 8 per cent, and at the closing
was offered at 5 per cent. Prime mer-
camille paper, car per cent. Bar silver,
671sc. Sterling exchange weak, with &C
tual business in bankers bills at $4.S61RD
4s7 for sixty days and $4;s112q4 IS for de-
mercial bills, S4.S51ka4.S6 Govern
ment bonds steady; state bonds were
dull; railroad bonds were weaker. Silver
at the board was quiet.
New York, Feb. 3.-The treasury balan-
ces were as follows: Coin, $94, 54S, 1872; cur
rency, $50, 1885, SIS.
Northwestern, 100; do preferred. las; Lake
Shore, 1435s; Norfolk and Western pre-
ferred, 6@z; Western Union, 83s; South
295s; American Sugar, 1862; Baltimore and
ohio, 4O1b; Canada Southern 4Sl5; st.
Paul 71s4; Rock Island SOS; Delaware and
Hudson, 127; Delaware, Lackawanna and
Western. 1889 Manhattan, 1862; Michi-
gan Central, 97A.
New York, Feb. S-The passage of free
coinage bill by the Senate on Saturday,
as generally expected in well informed
financial circles, had no special influence
on prices at the stock exchange. In fact,
the reaotionary tendency of the stock
market, which was its characteristic to-
day was chiefly due to lower cables from
London and to the disposition on the part
of local operators to reduce their lines
until the outcome of the new government
loan subscription is known. There were
a few stocks which displayed weakness,
notably Lead, Sugar and General Electric.
Lead fell IL to 25, the death of President
Thompson having been used against the
stock. Sugar sold down from 107ss to
| 106Ik. the rumors about the probable action
of the Reichstag in the matter of a bounty
on exported German sugars having had
an adverse effect. General Electric drop
ned from 303s to 27S4, on denials of the
Stories current last week that the COM
Dany had secured the contract to equip
the Manhattan Elevated railroad with
electric power. There was no pressure to
sell. however, and late in the day. when
fhe posted rates of sterling exchange were
reduced to $4s7 and $4.SS1a, a net decline
of / cent for the day, the market for
stocks showed an improving tendency.
The importations of gold and a belief
that the new government bond loan would
he largely oVersubscribed added to the
frmness of stocks in the late trading.
The heaviness of sterling exchange was
generally accepted as meaning that the
foreign subscriptions will be large, and
This added to the anxiety of the shorts
in the late trading. The market closed
about steady in tone. Net changes show
losses of Ad1S per cent, Missouri Pa
cific. General Electric and Lake Shore
leading Bonds were quiet and weaker.
sales were 81, 1872, 900. The sales of listed
stocks aggregated 1883 shares, and of
unlisted stocks, q, 967 shares.
New York Stock List, Closing Bids,
stocks and Bonds-American Cotton Oil,
T0rff