The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-27


New York, Oct. 26.-The treasury bal
ances were as follows; Coin, SSs.SsS, 1876:
currency, $50, 705,0I7.
New York. Oct. 2s.-weekly statement
OF the Associated Banks shows the fol-
lowing changes;
Reserve, increase. ..................S 81 800 525
d-odIis' decrease --...-...-........... lSzt955
specie increase. ................ $50
Legal tenders, decrease. 30S,C01
Deposits, decrease. ................. ] 20 800
Circulation, decrease. .............. $1,000
The banks now hold SIC, 6S9, 700 in excess
OF the p per cent rule.
New York, Oct. 26-The New York FL
nancier says this week; There were no
changes of Importance in the statement
made by the associated banks of New
York for the week ending Oct. 26, the
principal features being the continued
decrease in loans and the increase of
81, Z99,SJ0 in specie. As a large number of
banks were below the required % per cent.
reserve on the previous week, the con-
traction in loans was to have been eX-
pected. There was some liquidation Of
loans from mercantile sources. however.
The loans on the Cincinnati banks at the
close of the current week stood practical
ly at the same figure reported on June I.
There has been some marked fluctuations
IN the loan item during the period The
immediate future Of the loan market Is
somewhat conjectural, owing to the in
PRODUCTION Of new factors during the last
week. Orders were received by several
foreign houses to place sums of money
aggregating several million dollars on
time, but as the rate demanded was too
nigh, the funds were employed on call
loans, creating a temporary weakness in
the market. Bankers who have given a
great deal of attention to the question,
anticipate a heavier demand soon from
the south, but this will be governed 20
a greater or less extent by the price of
cotton. The banks showed an actual in
crease of 1891, 800 in cash holdings during
the week, the loss of S30S 600 in legal
tenders being more than compensated by
the gain of 81 299, 500 in specie. The sud
den increase in the latter is not easily eN
planned, but may be ascribed as much TO
local transfers and the shifting of funds
as to any other cause. The holdings OF
specie have shown an increase of over
S3O00,OpO since oct. 5, while legal tenders
in the same time have decreased in an
equal amount. The changes, however, are
not important The deposits for the past
week show FALLING of of A,210,9OO and
the effect Of the weeks operations have
been to increase the reserve 81 1886, 526 The
statement, as a whole, is not encoura ging
and reflects conditions which appear
rather narrow. Bankers cannot believe
that the heavy movement of money is
over, and a higher rate is looked for with
in the next month. Exchange is higher
and we seem to be at a stage where il
would take but little to turn the tide
either way. One of the best known bank
presidents in the west, writing to the
Ftnancier this week, says that Wall street
has discounted too far in advance the
great crop of corn just raised and it is
twelve months yet before the farmers
and railroads get the benefit of this years
crop of corn. He further estimates that
fully 80 per cent. of the crop will be fed
upon the farms, leaving only 10 per cent.
New York, Oct. 20, Noon.-Erie, 1875
Northwestern, 1861 do preferred, 1471a
Lake Shore, $50; Norfolk and Western
preferred, ID; Western Union, 81; South
ern Railway common, 11si: Southern Rail-
way preferred, &c. American Sugar 1885 I;
Baltimore and Ohio. 60; Canada South
Delaware and Hudson. 1871; Delaware
Lackawanna and western, l6; Manhat-
tan, 1851; Michigan Central, 971s; New
New York oct. 26-Stocks were firm
on covering of short contracts The Gran
gers were especially firm at this time and
moved up about y per cent. on a belief
that the September statement of the St
Paul will make an excellent showing. The
speculation was positively weak. There
were liquidation sales in the Industrials
and the bears resumed aggressive tactics
Leather was the special feature and
dropped from 1872 to lllsq11& and pre-
ferred from 4AM705sd7l1s- considerably
long stock coming out on the way down.
Sugar was also heavy in the losing deal
iIngs and fell from lOo2s to lO39sQl0S%.
d dTai Els sSIq d9~n to $50 t. S 3 Cen Gem
nessee Coal and Iron to g; Chicago
Gas declined IA to g. The slump IN Lea
lhgr anu sugar leu 10 Ieallzatlons IN the
railway list and decline of 4 to IA per
cent. The market closed heavy. Net
changes show losses of hM12s per cent
outside of Leather preferred, which de-
clned Is per cent on the day. Pacific Mail
was easier and declined to 30630A the
reports current yesterday about a settle
ment with the Panama not having been
confirmed. Bonds were trmer. Sales
footed up $527,00 The sales of listed
stocks to-day aggregated 81 ,S06 shares and
of unlisted stocks 54,357 shares.
New York Stock disclosing Bids
Stocks and Bonds-American Cotton Oil,
%; do preferred, 20; Sugar Refinery, 1875;
do preferred. 100h; American Tobacco,
93A do preferred 1885, Atchison, Topeka
and Santa Fe 20A; Baltimore and Ohio
60; Canada Pacific. SO; Chesapeake ana
Ohio. 1875; Chicago and Alton, 1853; Chi
cago, Burlington and Quincy, S5%; Chicago
Gas, 6S: Delaware, Lackawanna and West
ern, 167; Distilling Cattle Feeding, 235s;
Erie, 1875; do preferred, %; Edison Cen
eral Electric, 35a4 Illinois Central. 99lb.
Lake Erie and Western, p; do preferred
n; Lake Shore, $50; Louisville and NasD-
Vile, 5S5s; Louisville and New Albany, SIS;
Manhattan, 1864; Memphis and Charles
ton, Is; Michigan Central, 9ia; Missouri
Pacific, 1895; Mobile and Ohio, %; Nasn-
Vile Chattanooga and St Louis Is:
United States Cordage ~ do preferred,
141a; New Jersey Central, 11115; New York
Central, 100A; New York and New Eng
land. 50; Norfolk and Western preferred,
49, Northern Pacific, .; do preferred, 1875;
Pacific Mail, 30A Reading, 1Sl2; Rock ISL
and, 765s St Paul, 1914 do preferred,
Coal and Iron, 3S19; do do preferred. %;
Texas Pacific, 9s4; Union Pacific, 12%4 Wa
bash st. Louis and Pacific, S1s; do do
preferred, PA.
1924; do c. 100; Louisiana stamped IS,
100; North Carolina As, 1914; North Caro-
lima es. 123; Tennessee, new set, IS, 81;
Virginia 6s preferred 6; Virginia Trust
Receipts. s; Virginia Funding Debt. 81
United States As registered, Ill.,; United
States Is. coupons, 9114 United States 2s,
registered, 963s.
MISCELLANEOUS MARKETS.