The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-11-03


the interior has been decreasing rapidly
since the first week of October. ana Tor
the week hrst ended the receipts Of cur
nency al New York cXcee0eu the Outso.
The banks gained Sioi,u.J IN cash curing
the week, the unusually heavy Increase
OF M,t9AlU IN Specie being Offset by
loss OF $3.50 100 in legal tenders. ms APP
parently indicates an easier tone Tor tLe
local money market. since an eNpan-
sion in the reserve viii tend 10 Increase
the competition of place funds. The con-
traction in loans continues, the decrease
for the week being $i.Sn,O0J. which brings
TIE total down TO the SyOaUp,0o marx
again The deposit item is also falling
ana the decrease Of SS1,eOJ she wa IN the
statement leaves the total al Sy-J,Sj2 4JJ,
or about $iS,UoO,cl0 less than reported Ola
Aug. 10 last. The withdrawn OF THIS
money from the banks, anu the rapid
expansion in the lean item, acting SIM
ultapeously, explain BETTER IMAM any ,hla Is
else the change in money rates durlns
the past season.
1t is interesting 10 recall that the pas:
week marks the second anniversary Of
the resumption Of the issue OF The de
tailed tables for the clearing house bank,
after a lapse of nearly live months. dur
ing which the clearing house committee
issued and cancelled SA,9VOtj OF clearing
house certificates.
Comparisons with the totals for Nov. 4.
| 1893, are therefore of mere than ordinary
value. In the two years Intervening, the
loans of the New York banks have in
creased over ninety-eight millions, depos-
its have expanded $l2J000OJ The banks
| are now carrying Sl90j9,OO more in legal
tenders than they held on Nov. 4, loss,
but they have $3300,0JO less in specie than
they reported that week The banks then
were carrying an unusually heavy circu-
lation, but last week volume Just about
equals it, the increase for the past SIX
days being 300, an unusually large
amount.
The averages show the following, com
pared with the last two years:
Loans, Nov ?, 1885 S5C0,69l 500; Nov. 3,
1894 $500 So, 900; Nov. 4, 1893, S!o2,583.5vJ;
specie, Nov. . 1885 s64. POS, SEQ; Nov. 5, 1894,
SO 100 800; Nov T. 1893, S97 ll65 500; le gal ten
ders, Nov. ,, 1895, $S5,S5l, 20l Nov. 3, lSoi
S1lS 224,9 500; Nov. 4, 1893, $6 $50. 100; net de-
posits, Nov. ?, 1898, 1929, 662, 800; Nov B. 1894,
s595 1Ol 900; Nov 1893 $il7 ~ 600; erc Ila,
S1l 5l7 S00 Nov. 4, 1898, $l4 409,9 500; total re-
serve, Nov. 2 1895, $l50,e6OC0J; Nov. g. 1894,
| required Nov. 2, 1895, SlS2, l55, 500; Noy; 3,
1884, $148, Dps; Nov. 4. 1893, Sill, S5S,l50;
excess of reserve. Nov. ?, 1895, 1854, 400;
Nov. 3, 1894, $6S, 2Oi,H5; Nov. A, 1898, S52.-
New York, Nov. 2, noon.-Erie, p;
Northwestern, 1875; do preferred, l4l;
Lake Shore, 149; Norfolk and West
ern preferred, Il: Western Union, 9)5s;
Southern Railway common, liza; South
| ern Railway preferred, So; American Su-
| gar, 1904; Baltimore and Ohio, 50; Canada
| Southern, So; st. Paul, IS; Rock Island,
| rs; Delaware and Hudson, 1904; Della
| ware, Lackawanna and Western, lS5i3;
| Manhattan, 1865; Michigan Central, IS;
| New York Central, 100.
New York. Nov. 2.-There was a weak
| opening to the stock market this morn
| ing due to lower quotations from Lon
| don and Paris. The traders resumed their
bearish tactics, but they made very lit
tie impression on values, the decline
ranging from Is to l per cent, outside
of Atchison preferred, which broke 2Ss
per cent to 263s. The weakness was most
pronounced in the case of the Industriais
and the International issues. Rubber,
common scored the greatest loss in the
Industrials, falling to 36l2. Sugar, how
ever, was the most active stock on the
let nd lrTr 4 to or
point of the week. The old stories about
unsa tisfk Glory trade conditions, large
imports OF German sugar, etc, were used
against the stock. Near the close, how
ever, there was some disposition to cover
and the early loss was recovered. To-
bacco tumbled a point to S9z, but subse-
Louisville and Nashville, Atchison, and
other interest stocks. LOUISVILLE ana
do preferred, 2ss to 26asi do adjustments,
/ to 4934; do tours certificates, / to ia;
seconds, class A, rs to 271s, and the
tours. when issued, p to S034. The securi-
ment for September. Missouri Pacific ran
off to 301s, on the gloomy interview given
trunk lines and Anthracites were ali
fractionally lower for time, but near
the close rallied, with Sugar and i'm
proved Il to "a per cent In the inactive
Stocks. Mobile and Ohio declined 3h to
90 Nickel Plate first preferred, 2 to z;
Metropolitan Traction rose IA to lOf2
controls q ,535, 500 of the 100000 Fidelity
Trust Company receipts. The market
left off steady and generally A@% per
cent. lower on the day. Rubber lost l12,
and Atchison preferred, IA Bonds were
weak The sales of listed stocks aggre-
gated "a, 6S1 shares, and of unlisted stocks,
34,46 shares.
New York Stock disclosing Bids
Stocks and Bonds-Anerican Cotton Oil,
q; do preferred, 68$; Sugar Refinery, le9A;
do preferred, g.; American To 13o Sy54;
Santa Fe 175s; Baltimore and Ohio, so;
Canada Pacific, 5Sl2; chesapeake ana
Ohio 10: Chicago and Alton, $50; Chicago,
Burlington and Quincy SSB; Chicago Gas,
671k; Delaware, LackaWanna ana western,
1861; Distillers and Cattle Feeders 22l2;
Electric BIZ; Illinois Central, 80; Lake
Erie and Western, 2112; do preferred, "a;
Lake Shore, 149; Louisville and Nashville,
1881; Memphis and Charleston, Is asked;
Michigan Central, 96 Missouri Pacific,
$ MO6e AND and 9h0 a s9A g. Naf 4gisd
States Cordage, I; do preferred. a; New
Jersey Central. 108i New York Central,
100; New York and Neg england a; Nor
Pacific AZ; do preferred, 1915; Northwest
/ ern l0l7s; do preferred, 147; Pacific Mail,
q: Reading n; Rock Island 1915; ST. Paul,
Is; do preferred, rs; Silver Certificates,
IS: Tennessee Coal and Iron, S73s; do do
preferred, 1903 asked; Texas Pacific 80;
Union Pacific, 1112i wabash, st: l.. and p,
~: do preferred 20 Western Union, 905s;
Wheeling and Lake Erie, 1885; do do pre-
ferred AZ; Southern Railway 5s, %; South
ern Railway common, ia; Southern Rail-
SfateS Bonds-Alabama A, 1927: do B.
10: do c. 100: Louisiana Stamped As, 100;
North Carolina is, 10l1k North Carolina
SIS. 124: Tennessee, new set IS, IS; Virginia
SIS, preferred, 6ia Virginia Trust Receipts.
III; Virginia Funding Debt, CPS; South
Carolina as lO6.
Government Bonds-United States Is.
1 registered, 112la; United states IS, coupons,
1l1lA; United States ., registered 9512.
EuSCELLANEOUS MARKETS.
Bacon-The market Is steady. Smoked
/ clear sides, exc; dry sailed clear rib sides.
55sc; long clear, none; bellies. &c; sugar
/ cured hams, lOt@llc.
! Lard-AIarket firm: pure in tierces Gs4c:
I N-pound tins. 7c compcUnd in tierces,
! SIC: IN 5G-pound tins, see.
Butter-Market steady; fair demand:
I Goshen. 15c; gilt edge, l9c; creamery, zoe;
| Egin, 24c.
Cheese-Market dull; S5kG1fc; fancy, full
/ cream cheese, 100i2c; 20-pound average.
/ Fish-Ma ckerel-Half barrel No l. IS 30:
No. ,, $50. No. 2. $50; kits, No. J. $l25;