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


FINANCIAL.
Foreign Exchange-The market was
firm. The following are net Sa-
yannah quotations: Commercial demand.
ASl; francs, Paris and Havre, sixty
days, SO.lS75; Swiss, sixty days, $52O3s;
marks. sixty days "a 15-l6.
Domestic Exchange-The tone of the
market is quiet. Banks are buying at
par and selling at lilo per cent. premium
for amounts to $1,000 and over.
Securities-The market continues very
quiet, and steady for railroad issues.
stocks and Bonds-State Bonds-Geor-
g5isa1, SlS per cent. bonds of 1880. 1Olls bid,
lOl1s bid, 1922 asked; Georgia Az per cent
bonds. 1915. 1l4A bid, 115A asked; Georgia
City Bonds-Atlanta per cent, IO7 bid.
lOS asked; Augusta 41zs 1925, los bid. 106
asked; Augusta z per cent, ia bid. 15la
asked; Augusta per cent. 112 bid, Ii5
asked; Columbus per cent. 1OS bid, IO4
asked; MACON per cent, 1151a bid,
ll612 asked Savannah per cent, Quarter
~ April coupons. 109 bid, = asked; Sa
vannah per cent, quarterly Nav con
pons., lOg bid, lO9lz asked; Charleston V As
Railroad Bonds Savannah, Florida ana
western railroad general mortgage bonds,
per cent interest, coupons, l14la bid, =
consolidated per cent. coupons. January
and July maturity, 1887, 1927 bid, I6s
asked; Central Railroad and Banking
1Ol asked; Central of Georgi I,
T i5 ssEed 5irs5 ca mortgage s. 1875 iii BID
consolidated IS, 5oyear goIdg bo railway ~
bid, 80 asked: Central OF Georgia. raiiway
hrst preferred incomes, 80 bid, 3D. asked.
ferred 6 UI Srga RAJ railway second pre-
trial of Georgia railway third preferred an
comes co. 10 asked; Georgia railroad 6s, 1910,
and Augusta first IS, 1O5 bid. 106 ssie5
charlotte, Columbia and Augusta second
mortgage Is, 1I5 bid. 116 asked; Georg Georgia
southern and Florida new IS, Sc BID. 81
asked; South Georgia and Florida first
mortgage IS, los bid, asked. Sontb
Georgia and Florida second mortgage Is,
and Montgomery- IS, 70 bid, II asked Sede
&c Ocean STEAMSHIP per cent. bonds loo
r IgJ nIa, none e 0nefed; City and Suburban
g bid, = asked; Electric RAILWAY PTiiq rs
due 1888, "a bid rs asked; Alabama Mid,
Brunswick and Western 4s " diSke9;
asked; South Bound railroad 5s ou' q
e asked; Southern Railway 5s' 90 IIi id'
Railroad stocks-Augusta and Cav.
nah Ia y bid, sSls asked; Georgia common
road stock. 100 bid, 102 asked: +i Esai IL
and West, Point 6 per cent. certifcat tts "a
Company. 1914 bid, 7415 asked 'iiS u uctloh
Gas Stocks-Savannah Gas Light stool
2224 bid, 234 asked; Electric fjeb 1'o s,id
Bank Stocks, Etc@Citizens pan,,
~ bid % asked; G GaaTaam Bsnk
Bank 1O3 bid, 1o4 asked National Banh
of Savannah, 1921 bid, 1874 asked: OeiaN
thorpe Savings and Trust Company los
Of Georgia, 17O1z bid, 172la asked: ss HtaIe
nah Bank and Trust Company, i0Sis hid
= asked; Chatham Real Estate and I'm.
provement Company, A, 5S1a bid, 81 asked:
B, 81 bid, sig asked; Peoples sayines
and Loan Company, 9111 bid, SO asked
Factory Bonds--Augusta Factory IS
iVi BID, 1881 asked; Enterprise ' Facto Ss
6s, los bid, Jos asked; Eagle and Phenix
Manufacturing Company, 6 per cent
FACTORY Stocks-Savannah Cotton Fac
tory co bid, 81 asked; Eagle and Phenix
Manufacturing Company, . bid, q asked;
iteville Factory, 155 bid 1853 asked; Lang
ley Factory 10S bid, no asked; Enterprise
Factory, common, 1O2 bid, los asked; ]. p.
King Manufacturing Company, los bid. 10
asked; Sibley Manufacturing Company
pany 50 bid. s. asked : ms o''i'-
soils, 100 11-16 for money and 100 1916 for
account. Paris advices quote per cent
rents 101f 5215c for the account.
New York, April Money on call was
firm, 3laGl4 per cent; the last loan was at
9la per cent. and at the closing was offer
ed at S% per cent; prime mercantile pa
ling exchange, barely steady with actual
business in bankers bills, $4S71494SS for
sixty days, and $4.s8A@4S9 for demand.
Posted rates, "a, S9Q4sO; commercial bills,
a. S634 64S7ia. Government bonds were
firm: state bonds dull; railroad bonds
strong. Silver at the board was easy at
New York, April 1.-The treasury bal
ances were as follows: Coin, $12S, 400, All;
currency, s9564S, O42
Northwestern, 1889; preferred, 1451a Lake
Shore 1861; Norfolk and Western pre-
ferred, 63s Western Union, S4A; Southern
Railway common, 9Ia; Southern Railway,
preferred, 29s; American Sugar. III; Bal
tin1ore and Ohio, IS; Canada Southern,
49,; st. Paul, 7514; Rock Island, p; Del
aware and Hudson, 1z7; Delaware, Lack
awanna and Western, 1914 Manhattan,
1917: Michigan Central, 80; New York
Central. SO. Speculation strong.
New York, April 1.-Operators at the
Stock Exchange were waiting all day for
the action of the directors of the American
Tobacco Company on the division matter.
For days it has been understood that the
COMPANY intended to resume the payment
of cash dividend. Remembering the star
proceedings of the management last year,
wise people were inclined to hold off. 1t
was also called to mind that the Of
ficials of the company were brought be-
fore the governing committee of the Stock
Exchange. and it was a question for
time whether the stock of the company
would be permitted to remain on the list.
Naturally pending an official statement
operators were disposed to go SLOW 1t
was not until the adjournment of the
hoard that the street had any idea of the
action of the directors Shortly after 8
O'Clock IL was officially announced that
the directors had declared a dividend OF
per cent. cash on preferred. and ? per
cent cash and 20 per cent. in scrip on the
common After the close the common was
bid for at 95 against S9Si, the final trans
action at the Stock Exchange. II was
figured that at the closing price the stock
with the new privilege Is worth ll0 on pa