The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-25
FINANCIAL.


consols, 1922 for money and 100 9-16 for
account.
New York, Feb. a4.-Money on call was
easy at 3Q4 per cent; the last loan was at
3 per cent, and at the closing was offered
at 3 per cent. Prime mercantile paper,
sal per cent. Bar silver, 6S3sc Sterling
bankers bills at Sis6hG4.s $50 for 60 days,
and A.Sl9d4.S7A for demand. Posted
rates, $iSla4.Ss15. Commercial bills, $4.s5
d4.S5A. Government bonds easier; state
bonds dull; railroad bonds higher; silver
at the board was strong.
New York. Feb. 24.ZThe treasury bal
ances were as follows: Coin. Sl2S,55OO7S;
New York, Feb. "a, noon.-Erie, us;
Northwestern, 105ls; do preferred, las;
Lake Shore. las; Norfolk and Western
preferred, SIS; Western Union, S6Ss; South
ern Railway, common, l0l2; do preferred,
323s; American Sugar, 1865; Baltimore and
Ohio, 3512; Canada Southern, 5115; st. Paul,
19ls; Rock Island, 74l2; Delaware and Hud-
son, 129; Delaware, Lackawanna and
Western, 1917; Manhattan, 1864; Michi-
gan Central, SO; New York Central, 9S4
New York, Feb. 4.-The railway and
miscellaneous speculation was decidedly
strong to-day and business was on large
scale The sales of stock reached 222,-
200 shares and was unusually well distrib-
uted. London came higher and the foreign
houses bought Louisville and Nashville.
St. Paul, Denver and Rio Grande, Lake
Shore and other international favorites.
Firms with European connections and
local commission houses were also buyers
of railroad mortgages. The strength of
the market is still aScribed to the success
of the government loan; the high price
commanded by the new bonds and the
ease in money, considering the heavy pay
mentS into the treasury. The foreign de-
mand is also a highly encouraging feature.
The advance in prices at one time was
equal to 13Q212 per cent. and was most
marked in the cases of Lake Shore, Den
Yer and Rio Grande, Metropolitan Trac-
ton, Sugar, Omaha and the low-priced
western issues. There were a few weak
4mnT TDr1W q Gfg
souri, Pacific and Leather preferred. Bal
timore and Ohio fell y to 3412 on rumors
that the report of the expert accountant
will be unfaVorable. The deficit of $780,
900 reported by the Missouri Pacific for the
year was used against this stock, which
sold as low as 22l2 at one time. Leather
preferred was sold on the theory that the
directors at their meeting this week will
pass the dividend on the preferred. In
the closing dealings the market was strong
and net changes, as compared with Fri
davis finals, show gains of u to 21a per
cent st. Paul, which was the most active
stock, figured for 30 400 shares. The deal
ings in Sugar aggregated $500 shares and
in Louisville and Nashville $500 shares.
Bonds We're active and strong. The sales
were s., 9SS, 600. The sales of listed stocks
aggregated 1S2,796 shares, and of unlisted
New York Stock List-Closing Bids
Stocks and Bonds-American Cotton Oil,
III; do preferred 6615; Sugar Refinery III;
do preferred. 1902; American Tobacco, SIS;
do preferred, 1914 Atchison, Il. and S. f.,
175k; Baltimore and Ohio 80; Canada Pa
cific tx; Chesapeake and Ohio, 17A Chi
cago and Alton 1861 Chicago, Burlington
and Quincy, sos; Chicago Gas, 69la; Della
ware Lackawanna and Western, 1852; Dis.
Cat. Feed, 1879: Erie, 171s; do preferred,
2S15; Edison General Electric, 1924; Illinois
Central, 81; Lake Erie and Western, 21A
do preferred 741R; Lake Shore, 149; Louis
VILE and Nashville, 55A Louisville and n.
A, 9A; Manhattan, 1862; Memphis and
Charleston, Is asked: Michigan Central,
SO; Missouri Pacific, 2S1s; Mobile and Ohio,
23A; Nashville, c. and st. L., 20; United
Jersey Central, 1854 New York Central,
9S& New York and New England, As; Nor
folk and Western preferred, S24 Northern
Pacific, Az; do preferred, 16; Northwestern
1858 do preferred, 145; Pacific Mail, 29A
Reading, 1879; Rock Island, 74A; st. Paul,
1915; do preferred, 1875; Silver Certificates,
69l4; Tennessee Coal and Iron, 1888; do do
preferred, 100; Texas Pacific, 8; Union Pa
cific, S5b: Wabash, St. L. and p, 712; do
do preferred, 1885; Western Union, S61s;
Wheeling and l.. E., II; do do preferred
$3.50; Southern Railway 5s SO; Southern
Railway common, 105s; Southern Railway
preferred. SO.
State Bonds-Alabama A, 1OS: do B, 1Os;
do G, 100; Louisiana stamped As,
987s; North Carolina As, 1885
North Carolina 6s, 122; Ten
nessee, new set, SIS. 81; Virginia IS, pre-
ferred, So; Virginia Trust Receipts, 6Ia;
Virginia Funding Debt, GLE: South Caro-
lima AS, 1855
Government .Bonds-United States As,
pons, 10; United States rs. registered 50.