The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-08-25

ances were as follows. Coin, Ss6.sos,VJOi
New York. Aug. 4-The weekly state
ment Of the Associated Banks shows the
following changes: Reserve, decrease,
increase, $5l9,300; legal tenders, decrease,
s., al f0Oi deposits, decrease, S, 6o 500 cir
eulation, Increase. $500. The banks now
hold SSL546.615 in excess Of legal require
ments.
New York. Aug. A.-The New York FL
nancter says this week. The statement
Of the Associated Banks OF this city for
the week ending Aug. a was favorable
one in every way. It was marked by a
healthy expansion of loans a contraction
Of deposits and a consequent shrinkage
OF S5sfg0.OOO In the excess reserve, which
now stands at 81. 566,675. The past week
has Witnessed a great change in the con-
oitions heretofore prevailing in the money
market. There has been no advance in
rates, it is true. but every development
points TO an early season of better fig
ures Tor loans. The movement of money
from the interior did not nearly equal
the shipments from this section to the
southeWest-more especially to the latter
section. The demand from the south
has not been as active as anticipated and
may not reach the proportions estimated,
although conservative bankers are of the
opinion that the south will yet be an ac-
tive bidder for funds. The large amounts
OF money paid by the bond syndicate 10
members has operated 20 a greater or less
extent in keeping rates down, but now
mat TINS FACTOR in the market has become
nouncement Of final payment Monday,
a more definite forecast is~possible. 1t is
not expected that gold shipments will as
sumo much larger proportions, since the
reduction in exchange rates has removed
chances of making much profit on trans
Iefs OF coin. The expansion of g, PSI 800
in loans during the week represents bust
ness done with country banks and de-
mands from commercial sources as well
as from some Of the larger stock ex-
change houses Deposits decreased S3.6SS.
nT0Dq hp Wi hid rrra1 %
funds by gold exporters and the reduce
ton of balances by banks There was an
increase OF Sol9,3OO In specie holdings The
total holdings are only about $66, 100000 or
$z4,OOO,VD less than the specie reserve or
one year ago. Total loans are again with
IN $4,000 of the highest mark ever touch
ca IN New York, while deposits are Sl2,-
100000 less than on Aug. %. 1894. wnen
figure.
New York. Aug. "a, noon.-Erie. 81:
Northwestern, 1915; do preferred 146iS:
Lake Shore, ISL; Norfolk and Western
preferred, 1874: Western Union. 9375.
Ssouthern railway, common. 1872; do pre-
ferred, an; American Sugar, iOeH; Bal
tlmore and Ohio, ga; Canada Southern.
o5A; st. Paul 73A; Rock Island S1s4 Della
ware and Hudson, 1SlA; Delaware, Lack
11i42s; michigan Central, 1919; New York
New York, Aug 24-Rains in the corn
pett' general lowering of the posted
NsNI
t;SO7a, the gain in st. Paul earnings for
the third week of August, ana buying
OF moderate amounts of the stock by
arbitrage houses, contributed to a strone,
market for railway stocks during the
Gays short session. Northern Pacific
preferred was marked exception and
On Iquidatlons the price dropped from
llA to l6Ql6l3. The Immediate cause for
the decline was the filing of a bill in equi-
~ by Thomas w. Pearsal of New York
against the Great Northern railway to
no
company While these tactics DELAY the
reorganization of the property the inn
preston is that the Morgan interest Will
eventually take hold of the property and
place 1t on its feet. It is also certain
that drastic measures will be adopted and
The junior security holders will be asked
10 contribute the bulk of money received
to rehabllitate the system Northern
Pacific weakness, however, had little in
fuence, the brilliant outlook for the
crop being considered of far more i'm
portance than the misfortunes of the
concern specified. AS a rule, the best
ngures of the weak were made for the
Changers, st. Paul selling at 1872 Rock
island at 81, Northwestern at 1895 and
ruled strong, but the changes were I'M
important. In the 'industrials, Tobacco
was unsettled. The stock advanced to
9SA, dropped to 97A and rallied to 9S1s
lO9s0llOA. Subsequently selling move
ment set in and the price receded to
lO91s. Considerable was heard again to-
day about the light demand for refined
and the piling up of raws. 1t was no.
uced, however, that the brokers en-
ployed to sell the bulk of the stock were
those generally identified with the specu-
lative element. Chicago Gas was firm
and General Electric led with Cotton
Oil dull The market closed strong in
tone. Net changes show gains of 4 to
IA per cent Sugar and Northern Pa
cific preferred lost 19d1 per cent The to-
tai sales We're S,5O6 shares, including
1860 St. Paul. $500 Tobacco, $500 Sugar.
Bonds were active and strong, sales foot
ing up the large total, for half holiday,
of $l,26S 600 The sales to-day of listed
stocks aggregated 10000 shares, and of
New York Stock List Closing Bids,
Stocks and Bonds-American Cotton Oil,
251e; do preferred 49, Sugar Refinery,
1921; do preferred, 102; American Tobac-
co, 9SA; do preferred, 10S; Atchison, To-
peka and Santa Fe, 17%; Baltimore and
Ohio, GA; Canada Pacific 5S3ss Chesapeake
and Ohio. 20%; Chicago and Alton, 100;
Chicago b. and O. 9O1e; Chicago Gas,
1872; Distillers and Cattle Feeders, 81;
Erie, SIS; do preferred, 20ls Edison Gene
raj Electric, S61a; Illinois Central, 101A
Lake Erie and Western, 277s; do preferred,
1924 Lake Shore. ISL; Louisville and Nash
Vile, 6lss; Louisville and N A., g. Man.
haitian, 114%; Memphis and Charleston
cifc, 3S3s; Mobile and Ohio, "a Nashville
Chattanooga and st. Louis. 70; United
States Cordage, 5; do preferred. 9% ed
association preferre6; New Jersey Cen
trail. 1861; New York Central 102H New
York and N. E., 622z Norfolk and West
ern preferred 1874; Northern Pacific, AZ,
do preferred 1875; Northwestern, 1O4ss; 10
preferred 146l5; Pacific Mail 2S1R; Reading
1Sa4; Rock Island, S1s4: st. Paul, 1871 do
peferred, 1881; Silver Certificates, 81; Ten
nessee Coal and Iron. 35%; do preferred
90; Texas Pacific. 1lA; Union Pacific, 1SH
Wabash, ST. L. and p, So; do preferred
21%; Western Union, 93%; Wheeling and L,
E., 1eA; do preferred. SO; Southern Railway
IS, SO; do common. 1879; do preferred. an
State Bonds-Alabama a, 10s; do B. i0S,
do c., 100; Louisiana Stamped As, 100; North
Carolina Is, 1903: do 6s. 125; South Carolina
AIS, 105; Tennessee, new set, IS, 80; Vir.
ginia 6s preferred, 50 do Trust Receipts
g. do Funding Debt, 63i5
Government Bonds-United States 4s
registered, ll2A; do As, coupons, 112k; do
Is, registered, 961a.
MISCELLANEOUS MARKETS.
Bacon-The market is firm and higher
Smoked clear sides, 7S4c; dry sailed clear
rib sides, 7Ac; long clear, none: bellies
ha ~ e.