The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-26
FINANCIAL.

London, Feb. 25.-Bar silver, 81 5-16d.
Consols, 1903 7-l6d for both money and ac-
count. Paris adyices quote per cent.
rentes i02 francs so centimes, account
New York, Feb 25.-Money on call was
easy at 3q4 per cent; the last loan was
at per cent and at the closing was
offered at 3 per cent. Prime mercantile
paper, cal per cent; bar silver, 6S$tc; ster-
ling exchange was steady, with actual
for sxty N days and ss at f9r de
mand. Posted rates, $4.S7d4.8 81A; CONNER
cial bills, A.S5AQ4:S6. Government bonds
steady; state bonds dull; railroad bonds
firm. Silver at the board was quiet.
New York, Feb 25.-The treasury balan-
ces were as follows: Coin, 1923, $40, 1862; cur
New York, Feb. 25, noon.-Erie. III;
Northwestern, 105; do preferred, 145; Lake
Shore, 1875; Norfolk and Western pre-
ferred, 81; Western Union, S55k; Southern
American Sugar, III; Baltimore and Ohio,
S21a; Canada Southern, 51A; st. Paul 1874
i LS0ck 1sldnu, Az delaware ana HUDSON,
l2S1a; Delaware, Lackawanna and West
ern, 1882; Manhattan, 10i Michigan Cen
trail, SO; New York Central 975s.
New York, Feb. 25.-Profit taking by To-
cal operators and sale for London ac-
count, accompanied by lower cables, led
to rather weak opening al the stock eX-
change to-day. The sales by the foreign
ers were estimated at fully 1900 shares,
and included St. Paul, Louisville and
Nashville, Denver and Rio Grande pre-
ferred. and a little Union Pacific and
Reading The trading element, quick to
discover the change in sentiment, at
tempted to bring about a reaction in
source, the market declined 3as per cent.
in the case of Baltimore and Ohio, 23s
per cent. in Leather preferred, 2R per
cent. in Tobacco. Baltimore and Ohfo's
decline to 31% was due to the impression
that the report of the expert will be any
thing but favorable; Tobacco broke on
vague rumors that the company had lost
one of the suits brought against it in the
matter of its legal integrity. Leather pre-
ferred was sold by the bears on the idea
that the passage of the dividend must
necessarily result in lower prices for the
stock. The directors met to-day, but did
nothing. The belief is general, however,
morrow will state that it has been deemed
advisable by the directory to pass the
dividend at this time. 1t is known that
this action, if decided upon, will meet with
the approval of the bankers here, who
have been more than friendly to the COM
pany Sugar and Chicago Gas were not
ably strong and rose to 1175s and 70 respec-
lively. In the late trading the market
was depressed for a time, because of the
break in Tobacco, but in the final trad
ing speculation was firm in tone Net
changes show losses of AG2st per cent,
Manhattan and Tobacco leading. Total
sales were 245,727 shares, including Al 8O0
Tobacco, 2O,7OO ST Paul, HOO Lo1isyiIle
and Nashville, 1850 Leather preferred
1900 Sugar, and 15,7o0 Missouri Pacific
Bonds were lower The sales footed up
New York stock disclosing bids-stocks
and bonds-American Cotton on, 173s; do
preferred Sc; Sugar Refinery, 117IS: do pre-
ferred 1872: American Tobacco, 7S5s: do
preferred 102; Atchison. T. and S. F., 17ss;
Baltimore and Ohio, 80; Canada Pacific
81; Chesapeake and Ohio, 17iA; Chicago and
Alton, 155; Chicago. B. and O.. sos; Chi
cago Gas SO; Delaware, Lackawanna and
Western 1872; Dstillers. Cattle Feeders
1874; Erie, 1878; do preferred. 2S19: Edison
General Electric, 32la; Illinois Central. 1914
Lake Erie and Western, preferred
741b; Lake Shore, 149; Louisville and Nash
I tn nd
haitian los. Memphis and Charleston, l5
Michigan Central, 90; Missouri Pacific. 2iss
Mobile and Ohio. 21iz; Nashville, Chatta-
nooga and st. Louis. 20; United States Cor
dage, SIS; do preferred, ia n. J. Central.
107H N. Y. Central 9S5s; n. Y. and n f.,
IS; Norfolk and Western, preferred, S5s;