The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-01

Factory, common 100 bid, lOl asked; J. p.
King. Manufacturing Company, 100 bid, los
asked; Slbley Manufacturing Company,
50 bid, IS asked; Savannah Brewing Com
pany. - bid. s. asked.
New York, Nov. 3O.-Money on call was
at 2O2l2 per cent
Prime mercantile paper. Fad5 per cent.
Sterling exchange is easy, with actual
business in bankers bills at S4S7iaQAS7sa
Tor sixty days, and S4SS3a 04SS for demand.
Posted rates. S4SSiaW4.9 30.
Commercial bills 4.S6l2 G4S1il-
Bar silver. 67isc.
Mexican dollars, sc.
Government bonds easier; state bonds
We're dull; railroad bonds were higher.
Silver at the board was dull.
New York, Nov 30.-The treasury mi
ances We're as follows; Coin, SSl, 694, 0SS:
currency, 500, Sos, 54j.
New York, Nov. S0.-The weekly state
ment of the associated banks shows the
following changes: Reserve, decrease,
SSSl,650; loans, decrease, 81 6S2, 500; specie,
decrease, Sl33,100: legal tenders, decrease,
circulation, increase. $500 The banks
now hold $lS,6l5,S0O in excess of legal re-
quirements
New York, Nov 3O-The New York
Financier says this week: The statemen,
of the associated banks of New York city
Tor the week ending Nov. 30 is nothing
more or less than belated report of the
business OF the previous week. The
changes are due partly to the gold eX-
port movement Of the earlier part of the
current week. They include also the later
Shipment of the preceding week.
According to the statement the banks
lost in cash during the week S2,O77309. of
which Sl,944,3 300 was in legal tenders and
SlS3,lOO in specie. There was heavy eX-
cess of interior receipts at this point
during the same period, so that the de-
crease in cash more nearly represents the
actual condition of the banks. although
the statement cannot be accepted as ac-
curate in showing the real standing of
the banks at the close of the week. The
contraction in loans for the week was
w. 800 due, perhaps, to liquidatons OF
speculative account, more than from mer-
camille sources. The total loans of the
clearing house banks have been declin-
ing steadily since Sept IA, and the net
loss to date has been nearly $22, 100000. On
the other hand, deposits have been con-
tracung even more rapidly, the loss dur
ing the same period having been no less
than $5l,O00O00. The banks. therefore,
are in a better position than was the
case earlier in the season. and the spas
modic advances in the money rate of late
are JUSTIFIED in as far as they are con-
trolled by this showing. Still. it should
not be forgotten that il is only too easy
to attract interior funds to New YORK
and harder rate might have this effect
az well as to temporarily check gold eX
In the months of April, May and June
last the deposits of the New York banks
went from $780, 900 TO 1914 900, coo and
the reserve increased $4,000 900. Whether
a rapid advance at present in the money
market would start another such influx
is problematical. Bankers report that the
south has been slow in renting of late
and the movement from there is remark
ably light. Aside from the bank state
ment ana showing with the one weeks
bank clearings in New York mean, il may
be stated that the business transacted at
the clearing house last week. with a holis
day intervening, amounted to $5l4,265322.
If put into $l-bills, this would make
girdle long enough to reach around the
earth nearly two and one-half times
The averages show the following, COM
pared with the last two years:
Nov. 30, 'yO.Dec. !, '94. Dec. !, 'g.
Loans $3.50, 20S 800 S499 $40, 100 S409 400 100
Specie l ssls5 50o 5Ss25 900 l43sS, 500
Net deposits 500 7Ss,OOO $40, S37 800 4S7 345 300
Circulation 1881, 800 11,l64.OOO 1853 200
TIL r's've.. 14SSlO'3OO 197179,7oO 197, $4,000
quired -. 1ao19zOOO 1As58,sOo 70. $4,000
serve 80. 1sesaoo 5222oSoo 1906. 900
Northwestern, 1861; do preferred, Isl !;
Lake Shore, 1895; Norfolk and Western,
preferred, 10l3; Western Union, SIS;
Southern Railway, common. 1O7s; do pre-
terred, 3f4; American Sugar, 1917; Balti-
more and Ohio, 50; Canada Southern, 5415;
st. Paul, 751a; Rock Island, 747s; Delaware
and Hudson, 1864; Delaware, Lackawan-
ma and Western, 1875; Manhattan 1904
Michigan Central, 100; New York Central,
New York, Nov. SO.-The feature of the
stock market to-day was the sharp de-
mand to cover short contracts in the
lndustrials. There was perfect rush
from 1005s to 10214 Tobacco bounded UP
from 19A to S2%, while Chicago Gas first
fell to 81 and later rose to 631R. These three
stocks figured for s., 200 shares in a total
for the entire list of IA, la shares The
buying was partly based on rumors that
congress Will not take up trust matters
al the coming session. A prominent Broad
way commission house with Washington
connections was the largest buyer of these
stocks. Leather preferred and Distilling
and Cattle Feeding were also in better re-
quest and advanced hd13s per cent. Near
the close the demand from the bears
was less urgent and the Industrials re-
ceded p to q per cent from the top of
the day. The railway list opened weak
owing to lower cables from London But
when the lndustrials advanced a rally
ensued. In the last hour however. weak
ness set in, and prices declined Il to q
per cent. There was some pressure to
sell the Changers, the poor statement
of the Burlington and Quincy for October
having led to liquidations of speculative
lines. The dealings in the railway de-
partment, however, Were on an unusual
ly small scale and mainly professional.
The shipment of 81 ,761 900 gold had no eff
feet on the market which closed irregu-
lar. In the inactive stocks Lake Shore
fell 21s to 1875 Net changes show adj
vances of AMlB per cent. in the Indus
trials and declines of Las per cent. in the
active railway list. Western Union gain
ed = per cent. on the day. Bonds were
active and higher. The sales footed up
6or a half-hohday) to the large total or
$765,000. The sales of listed stocks
stocks 81 $3.50 shares.
New York Stock List-Closing Bids
Stocks and Bonds-American Cotton Oil,
IS; do preferred, 67l2; Sugar Refinery, 1912;
do preferred, SO; American Tobacco, S11h;
do preferred. 80: Atchison. Topeka and
Santa E'e, us; Baltimore and Ohio 55;
Canada Pacific, IS; Chesapeake and Ohio
1874; Chicago and Alton. 100; Chicago, Bur
lington and Quincy, Sih; Chicago Gas.
62a4; Delaware, Lackawanna and West
ern. 1914; Distilling Cattle Feeding. 1871;
Erie, 1855; do preferred. %: Edison Cen
eral Electric, 30l5; Illinois Central, IS;
Lake Erie and Western 22Ik; do preferred
73&4: Lake Shore 1879; Louisville and
Nashville SO; Louisville and New Al
bany, 93s; Manhattan, 1907 Memphis
and Charleston, Is: Michigan Central 100;
Missouri Pacific, 295s; Mobile and Ohio
2O15; Nashville. Chattanooga and ST
Louis. Is; United States Cordage. 67s; 90
preferred, 1870; New Jersey Central 1O5:
New York Central, 1904; New York ana
New England s. asked Norfolk ana
Western preferred, 10lh: Northern Pacific
As; do preferred. 15l5; Northwestern, 1851:
do preferred, Isl: Pacific Mail. sou; ReaG-
ing, 10l4; Rock Island, 7f7s; St. Paul, 75Ia:
do preferred. 127i%; Silver Certificates,
67l4: Tennessee Coal and Iron. 32ib; DO do
preferred, so; Texas Pacific, 8; Union Pa
cific, So; Wabash. St. Louis and Pacific
rs: do do preferred. 1915; Western Union
1.,1fr Ts.T-a 49,