The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-06

discount.
Securities-The market is steady, with
Stocks and Ronds-state Bonds-Georgia
81 per cent. bonds, Of 1880. I0ila bid, 1023z
1917 bid, lO2A asked; Georgia ~ per cent.
bonds, 1875 l14ls bio, ll5 asked; Georgia
Smiths. maturity 1896. 10S bid. 100 asked;
South Carolina as, 107 bid. I0Siz asked.
city Bonds-Atlanta 7 per cent, los bid.
asked; Augusta I per cent, liz bid, ia
asked. Augusta per cent, 10 bid, III
asked; Macon 6 per cent. lis bid, 116
asked; Savannah per cent, quarterly
October coupons, 1O1A bid, asked; Sa-
Vannah per cent, quarterly November
coupons. lW bid, lOl1z asked; Charleston IS,
50 bid. 80 asked
Railroad Bonds-Savannah, Florida and
Western railroad general mortgage bonds,
per cent. interest coupons, ll4A bid, 10
asked; Atlantic and Gulf first mortgage
consolidated 7 per cent coupons, January
and July maturity. 1897, 104 bid, los asked;
Central consolidated mortgage Z per cent
coupons, January and July maturity, 1888,
l25iA bid, asked; Central railroad and
bid, - asked; Georgia railroad 6s, 1910, III
bid, 112 asked; Charlotte, Columbia and
Augusta first IS, 1913 bid, 1854 asked;
Charlotte, Columbia and Augusta second
mortgage Is, 116 bid, asked; Montgom-
cry and Eufaula first mortgage Endorsed
6 per cent. III bid, = asked; Georgia
Southern and Florida first mortgage per
cent. trust receipts, 1924 bid, 1885, asked
Georgia Southern and Florida new SIS, 50
bid, Ss4 asked; Savannah and Atlantic 5s.
indorsed 80 bid, asked; South Georgia
and Florida first mortgage Is, los bid,
100 asked; South Georgia and Florida sec
Ond mortgage Is, l07 bid, - asked; Savan-
nah and Western IS, trust certificates, In
doIsed by Central railroad, g bid, Ga
asked; Savannah, Americas and Mont
gomery 6s, 46A bid, a asked; Ocean Steam
ship per cent. bonds, 1920 81 bid, %
asked; Columbus and Rome first, indors-
ed IS, bid, 81 asked; Columbus and
Western per cent. frsts- guaranteed. lis
al A 70 md L T,a. xrr~s1 10 rs,FF
road per cent. first mortgage bonds,
is bid, - asked. City and Suburban rail-
road first mortgage. Z per cent. bonds,
bid, 81 asked; Electric Railway IS, due 1885,
q bid, 30 asked; Alabama Midland per
cent, Sll2 bid, asked; Brunswick ana
Western as M, bid, 70 asked.
Railroad Stocks-Augusta and Savan-
nah z per cent. guaranteed, 81 bid, IS
asked; Central common, 1919 bid, 10 asked;
Georgia common. l6I bid 40 asked South
81 asked Central per cent. certificates.
2Sle bid, 2ila asked; Atlanta and West
Point Railroad stock 80 bid, 1904 asked;
Atlanta and West Point 6 per cent. GER
tificates, 80 bid, 100 asked.
Gas Stocks-Savannah Gaslight stock,
20 bid, q asked, Electric Light and Pow
er Company, 60 bid, 81 asked.
Bank Stocks. Etc.-Citizens Bank, 107
bid, l08 asked; Chatham Bank 40 bid
1872 asked; Germania Bank, log bid 1868
bid, l031a asked; National Bank of Sa-
vannah, 1873 bid, 134 asked; Oglethorpe
Savings and Trust Company, 80 bid. 1O0l5
asked Southern Bank of the State OF
Georgia, 1872 bid, 164 asked; Savannah Bank
and Trust Company, 1919 bid, Jos asked;
Chatham Real Este te and Improvement
Company A, 50 bid, 5Sls asked; B. 5OA bid,
5lA asked Savannah Construction Com
pany II bid, so asked, eX. dividend; Title
Guarantee and Loan Company, 80 bid,
IS asked
Factory Bonds-Augusta Factory 6s,
101 bid, 103 asked; Sibley Factory SIS. 10l
bid, 102 asked; Enterprise Factory 6s 1924
bid 1881 asked; Eagle and Phoenix Manu-
featuring, Company per cent. bonds, 50
Factory Stocks-savannah Cotton Fac
tory, 60 bid, 20 asked; Eagle and Phoenix
AaFasta Fac6r go%PfRSE ask F sa
iteville Factory, $50 bid, = asked; Langley
Factory, 104 bid, 105 asked; Enterprise
Factory, common, 30 bid, SO asked j. p.
King Manufacturing Company, 100 bid, JOB
asked; Sibley Manufacturing Company,
"A bid, Is asked Savannah Brewing Com
pany, 81 bid, 80 asked.
New York, Oct. 5.-Money on call was
1902 per cent. Prime mercantile paper,
4S4M5i2 per cent. Sterling exchange,
steady, with actual business in bankers
$i.97lsQ4.S7s4 for demand. Posted rates,
S4.S7@4SS. Commercial bills, %.S5AQ4.S6l2.
Bar silver, 67l2c. Government bonds were
firm; state bonds were dull; railroad bonds
We're lower. Silver at the board sold at
671ac for 1900 ounces.
New York, oct. 5.-The treasury ball
ances We're as follows: Coin, $sl,S0i, $50;
New York, Oct. 5-The weekly state
ment of the Associated Banks shows the
following changes: Reserve, decrease,
$5S24, $50, loans, decrease, $1,174o09; specie,
decrease, $685. legal tenders, decrease,
S344, 800; deposits decrease, 50, 037, 900; cir
culation, increase, $l5l,GJ3 The banks now
hold Sl6,4Il,525 in excess of legal require
ments
New York, oct. 5.-The New York FL
nancier says this week: Decreasing de-
posits and loss of cash holdings are the
Distinguishing features OF the New York
bank statement for the week ending Oct.
5. The clearing house banks held last
week only $751; 496, 400 in cash. which is a
loss of $3l, 1000 since June 1 last, and of
S3l, 900 since Aug. 81 last. This money
/ represents, IN part, the gold export move
ment, but more than anything else of late,
the demand from the interior. The actual
loss for the week was SS0S3, 800, of which
s739, 600 was in specie, and 1884, 800 legal
tenders. The interior movement during
the past few days has not been quite up
to expectation, but fairly satisfactory. De-
pOsits are down to S540, 099, 500, the loss for
the week being $685. The aggregate
volume of deposits has fallen on since
June l over 81, 0O0, 000, and since Aug. 81,
S33, 100000 number OF country banks
have notified their city CORRESPONDENTS
here that il was their intention to draw
balances down as fine as possible, and
this policy seems to have been carried
out to greater or less extent. The de-
posits of the New York banks, as reported,
are nearly $50,000,000 less than for the
corresponding week in 1894
There was slight contraction in loans
during the week, the decrease being 81
| $4,000. This does not indicate anything
special. and it was to have been antici-
pated that a reaction would follow the
enormous increase reported during the
first TWO weeks in September, when loans
showed up nearly $4,000, 900 The operations
of the week brought about a decrease. of
$5,S24, $50 in the reserve, the excess now
standing at SIG, All 525, which is much low
err barring three weeks in March, due TO
other causes, than it has been for the
year.
The several circumstances which are
taking such immense sums of money from
| the New York banks, if continued any
longer, must still further advance money
rates, and an advance on money rates
| means the cessation of gold exports tenn
porarily a least, whether a permanent adj
vance would food the New York markets
with money again, and thus prevent too
much of an increase is another question.
1t would not require very high rate to
tell the truth, to induce foreign money
to enter the New York market
New York, Oct. 5, noon.-Erie. 119s;
| Northwestern, 1045s: do preferred 147:
Lake Shore, 1850; Norfolk and Western.
preferred, l412; Western Union, 80: South
ern Railway common, 1875 Southern Rail-
way preferred, 3Sl2; American Sugar 1885, :
Baltimore and Ohio, GO; Canada Southern
san St. Paul, 7612 Rock Island, 771s; Della