The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-06-30
FINANCIAL.

Domestic Exchanse-The tone Of the
market is steady Banks are buying at
to 5000; over 5000 at 800 per $1,000.
Foreign Exchange-Market firm. The
following are net Savannah quotations:
Commercial demand. Mss sixty days.
Sass; ninety DAYS, %.11s; eontinentals,
steady francs, Paris and Havre, sixty
days, S5.l7;. Swiss, sixty days. s51sA;
marks, sixty days IS 3-l6.
Securities-The security market is stead
Ter on Southwestern and Central securi-
ties. Weak holders seem pretty well
State Bonds-Georgia 4la per cent, 1915.
10 bid, l16 asked; Georgia, per cent, 1896,
lO5 bid Jog asked; Georgia az per cent. long
dates, 1929 bid, l0Sik asked; Georgia 80
per cent, 1915. 10l bid 1902 asked.
CITY Bonds-New Savannah per cent,
July coupons, lGh bid, 1918 asked New
Sa'yannah : per cent. August coupons, l07
=, Railroad Bonds-Central Railroad and
Banklng Company collateral, gold 5s 81
BID 100 asked; Central consolidated mor:-
gaze I per cent, coupons, January and
July maturity, lei15 bid, 80 asked; Savan-
nah and Western railroad, per cent. trust
certificates, 81 bid 50 asked; Savannah
Americus and Montgomery 6 per cent, %
bid, 50 asked; Georgia railroad per cent,
1910. ia bid, ll5 asked; Georgia Southern
s,inHH 6o ioIlqa Irst mortgage per cent, gS
bid 80 asked; Montgomery and Eufaula
first mortgage 6 per cent, indorsed by
Central railroad, 106 bid, 107 asked Angus
Ia ana Knoxville first mortgage Z per
cent, 1902 bid, l03 asked Ocean Steamship
5 per cent, due 1920, N1a bid, 9Sl2 asked;
Columbus and Rome first mortgage bonds.
asked; Columbus and Western per cent.
guaranteed, 1l2 bid. 113 asked; City and Su-
burban railway, first mortgage 7 per cent,
81 bid, 50 asked Savannah and Atlantic
asked; South Georgia and Florida first
mortgage 7 per cent, 106 bid, - asked.
South Georgia ana Florida second
mortgage los bid. asked; South Bound
railroad IS, Endorsed, 1ii2 bid, log asko 4;
Alabama Midland, 80 bid, 90 asked; Bruins
wick and western As, guaranteed, Il asked.
Railroad Stocks-Central common, 10
bid l6 asked; Augusta and savannah
per cent, guaranteed, 70 bid, 81 asked
Southwestern ! per cent, guaranteed in
GLIDING order for div 50 bid, 81 asked;
Central per cent. certificates, % bid, "a
asked; Atlanta and West Point railroad
Point per cent. certificates, 941a bid, 9512
asked.
bid 1Oi asked; Chatham Bank. IS bid,
4Sl2 asked; Germania Bank. los bid. =
asked; Merchants National Bank, 1902 bid,
1903 asked; National Bank of Savannah. 49,
bid. 1873 asked; Oglethorpe Savings and
Trust Company, 81 bid, 9S asked; South
ern Bank of the State of Georgia, 16J
bid 166 asked; Savannah Bank and Trust
Company, 1O6 bid, los asked: Chatham
Real Estate and Improvement Company,
% bid, - asked; Savannah Construction
Company, "a bid, 1874 asked; Title Guaran-
Brush Electric Light and Power Com
pany, Sc bid, IS asked; Savannah Gas
Light Company, 20la bid, 2l!2 asked; Savan-
Brewery Company, 9212 bid, 93ia asked.
New York June 2g.-Afoney on call NOM
inally 11ad2 per cent.
Prime mercantile paper, Sd31a per cent.
Sterling exchange firm, with actual bus
mess in bankers bills at $4SSlAa4 SS3t for
sixty days, and $4.S9iaQ4S924 for demand
Posted rates, q .s9l2q4.9012:
Commercial bills, $4.S8@4. SSA.
Bar silver. fai5SP
Government bonds firm; state bones
quiet; railroad bonds were steady.
Silver at the Board was quoted at 65siCl
New York, June 29.-The treasury bal
ances were as follows: Coin, S1O4, 947, 1856
currency. S67, or, coo
New York. June 29.-The weekly state
ment of the associated banks shows the
following changes:
Reserve, decrease ................$ IBIS 32s
Loans, increase ....,-............. sic, 800
Specie, decrease ................ 643 gO0
Legal tenders, decrease .......... $3.50. 100
Deposits, decrease ................ 4,022, 70c
The banks now hold 8i,225, 925 in Excess 4c,23:
of legal requirements.
Financier of this week says the amount
of surplus cash in the New York banks
was reduced A,3lS,S25 during the week
ending June %, the total now standing,
1874, 225,925 No better Illustration of the i'm
proved condition of business is needed
than to recall the fact that the excess
reserve Tor the corresponding week last
year was S74, 794, 325 with total loans Of
$40 O44, 100. The increase in loans there
Tore, has been AS. 3IS, 200 and the decrease
in the reserves $40 SIS, 200
The present loan volume has exceeded
all previous records and a few weeks con-
tinuance of statements, such as have been
issued by the clearing house banks lately
would under normal conditions send IN
the money rate to a figure more in bar-
mony with the situation. Unfortunately
for the banks, however, such an advance
is impossible. The decrease of So. 324 COO i'm
specie and legals for the current week
coming in the face of the fact that int.
rior money is still being added to the de-
posts of the New York banks, was due to
the bond syndicate, which used over 81
100000 in completing its payment 10 the
treasury.
New York, June 20, noon.-Erie n.
Northwestern, SO; do preferred. i4ii.
Lake Shore, 1898 Norfolk and " estern
preferred, 10; Western Union, 81; SOUTH
e eli, Railway common, 1S7ls; Southern
lVTs; Baltimore and Ohio, 62Ig; Canadn
southern, d9s; st. Paul. IS: Rock. Isiand
H&; Delaware and Hudson, 1891; Della.
ware, Lacka.wanna and Western, 49,
NNIIaIhattan' llS Nucmgan Central, 1O2Is: