The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-04-01
FINANCIAL.

London, March S1.-Bar silver, S1Nd;
consols, 100 1916, for money and 1925 for
the account.
at S04 per cent. The last loan was at 31z
per cent and at the closing was offered at
31a per cent. Prime mercantile paper, 5la
GI6 per cent. Bar silver 6S%c. Sterling ex-
change strong with actual business in
bankers bills at $4.S7%G4SS for 60 days and
$4.SSa4 d4s9 for demand: Posted rates, $4.S9
Government bonds firm. State bonds
dull. Railroad bonds strong. Silver at
the board was quiet.
New York, March 31.-The treasury bal
ances were as follows: Coin, SIPS. BIS. 14O;
currency, $sS,2S1, 429.
New York, March 81, noon.-Erie, Is;
Northwestern, 1O27s; preferred, 1451s Lake
Shore, 1861 Norfolk and Western pre-
ferred. 69s; Western Union, S41s; Southern
Railway common. 8; Southern Railway.
timore and Ohio 1855; Canada Southern,
4S1s: St. Paul. 1913; Rock Island, 711a; Del
aware and Hudson, 1864; Delaware, Lack
1919: Michigan Central, 93la; New York
New York, March SL-Business at the
and the increased trading was accom-
panied by higher prices for the Indus
trials, the Changers and the Interna-
stocks aggregated pa 1888 shares, and were
unusually well distributed. Sugar fig
ured for. $500; Tobacco for 5000 Chaif
for 1880; Leather preferred for 10 100,
and General Electric for n,700 shares.
More interest was manifested by out
siders, and commission brokers reported
a slight increase in the demand from
customers who have held aloof of late.
The fact that there were no shipments
of gold to Europe to-day, and that no
engagements for to-morrow's steamers
were announced, Notwithstanding a fur
Their rise of u cent in the posted rate of
sterling exchange led to covering of
short contracts put out last week when
the street was flooded with rumorS of
another important eftlux of the metal,
change for the better. Bank officials also
stated that comm ercial and financial con-
ditions in the west were improving this
week. The increased returns recently re-
ported by the roads centering at Chi
cago led to higher prices for the Gran
gers, and incidentally exerted a favora-
BILE influence on the general market. The
Changers gained anywhere from Il to
IL per cent, Rock Island and Burlington
and Quincy being in particular good re-
quest. The Industrials, however, were
most prominent in the days operations.
Sugar led in point Of activity, and rose
to 1175s the best price reached since the
current upward movement in the stock
started. Tobacco, which closed at S919
Yesterday, ranged between S912 and 907s,
with the final transactions at S95s. There
were all sorts of rumors afioat concern
ing the company 1t was said that ne
gotiations were progressing with outside
manufacturers, that the eastern factories
had shut down, and that the directors of
the company intended to declare a cash
dividend of 21s per cent. tomorrow. Cen
eral Electric was also higher, rising TO
S7ss from sc. Leather preferred moved up
from 81 to 62l4 In the last hour there
was some realization. and the market re-
coded A71 per cent, outside Of Tobacco,
which Reacted ia per cent. In the spe-
ciaities. Illinois Steel made a further
gain of "a to 67A; Tennessee Goal rose
q to 293s, and reacted to 2S2sQ2S$4. spec
ilation closed firm. Net changes show
advances of hGlh per cent. Chicago
Gas lost q per cent Bonds were ere oa strong
New York Stock List-Closing Bids
Stocks and Bonds-American Cotton OIL,
Is; do preferred. 81; Sugar Refinery, ma;
40 preferred 1905: American Tobacco,
s9&: do preferred 101; Atchison. 7. aud $.
r., IS; Baltimore and Ohio, lsA; Canada