The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-13

requirements and the usual results have
followed. in the calling IN OF loans. the
decrease in the loan item for the week
being SS,596.2o0. The total loans. as shown
by the current statement. are S506. COS. COO
which Is fully Sl6.000,o0o less that reported
sept "a, only thirty days ago.
Inc banks lost In cash last week S.572.-
40 OF which practically the entire amount
was In lcgals. Since Sept. TO- the loss IN
cash has been 81. 532. 100. II this drain is
maintained for any length Of time, there
must inevitably occur further calling in
Of loans and further shrinkage Of that
item.
The deposits Of the banks now aggre-
gate 1888. 49l, 800. the decrease for the past
week having been S6.60S 800. This is a loss
OF not less than 81 .43S COO since the first
Of September, is S57.00O0oo less than during
the corresponding week last year. when
the New York banks were carrying heavy
balances for their interior correspondents.
The future course for the money market,
IN view OF the changes which have oc-
Cured lately, remains an interesting prob
lem. number OF banks must be re-
garded out OF the market, as they are
fully loaned up and the narrow margin
or reserve Is controlled by a few OF the
larger institutions There was a sharp
advance in rates during the early part
of the. week. but Il was a test more than
anything else. since the higher quotations
brought out large offerings from trust
companies and other institutions under
which the market declined TO its old fig
ures. II would seem. therefore. that the
money market cannot be artihcially mani
HuiaAtu ana the marked advance must
New York. Oct. l2.-Erie, l1ss; North
western, 1854; do preferred, l47; Lake
Shore, 1850: Norfolk and Western preferred,
way, common, ~; do preferred, 3Sh;
American Sugar f0s7s: Canada Southern.
54h st. Paul, !69s Rock Island. IN; Del
aware and Hudson. 1921. Delaware, Lack
awanna and Western, 1874 Manhattan,
llOlA; Michigan Central 100; New York Cen
trail, l0lh. fni-3 "giH
New York. Oct 1a.-wIth the single ex-
ception of Chicago Gas, the stock market
was dun and featurcless to-day. In the
case OF the stock mentioned, business was
fairy active when the total transactions,
S4,S32 shares, are taken into considera-
ton, Il having figured for 26S00 shares.
Leather, which was second In point of
activity, was traded In TO the extent Of
ii 800 shares, of which $500 were preferred
stock. Chicago Gas scored higher figures,
selling up to I0h on the statement attrib-
uted to Gov. Altgeld that he was In favor
of consolidation of the existing COM
panies. The traders. quickly to arrive at
conclusions, Interpreted this as meaning
that Attorney General MOloney will not
interfere with the work of the Flower
Brady reorganization committee and that
the latter at last solved the question Of
bringing the trust into line with the laws
of the state of Illinois. 1t was again re-
ported that when the committee issues its
plan of reorganization, application will
be made for an injunction. but the rumor
had no influence whatever on the stock.
Leather preferred was heavy, for a time
dropping from Slas to 49, but closed at
S05s, a merely fractional loss for the day.
A good deal is heard of the strained con-
diuons of the trade and cutting Of prices
by manufacturers outside of the combina-
ton, but M to date there has been little
liquidation in the stock on this account.
Sugar Tobacco, Rubber and Cordage were
quiet. The railway list was. firmer but
the Improvement was fractional. The
Changers were Influenced by reports from
the west that a truce had been reached in
the Colorado rate war. Gable advices
We're to the effect that the settlement in
London was progressing without an indi-
cation Of trouble. also encouraged trad
ers. Speculation closed dun and firm. Net
changes show advances OF A0OlA per cent,
The sales were $4,000. The sales of list
ed stocks aggregated $1,000 shares, and OF
unlisted stocks 1000 shares.
New York stock disclosing bids-stocks
and bonds-American Cotton OIL, q: do
preferred, 7lA; Sugar Refinery, 10S7s. do
preferred l0lia: American Tobacco, 81;
do preferred 1867 Atchson, T. and S. f..
2lb; Baltimore and Ohio coz Canada Pa
cihc, 60A; Chesapeake and Ohio, 1917; Chi
cago and Alton, 1863: Chicago, Il. and O..
soy; Chicago Gas, 20; Delaware, Lacka-
tie Feeders. 237s; Erie, 1l5a do preferred
2iia; Edison General Electric, 37A : Illinois
Central, 100; Lake Erie and Western, 29h;
do preferred, n; Lake Shore. 100; Louisville
and Nashville 6lA Louis. and N. A., 9A ;
Manhattan, ll0ls Memphis and Charles
ton, 10; Michigan Central, 100; Missouri
a .
c. and st. L.. as: United States Cordage,
8l2; do preferred, 1914 N. j. Central, 1l2h
N. Y. Central, 10lh: N. Y. and N T., 81;
Norfolk and Western preferred, Il; North
ern Pacific, Az do preferred 1874 North
western, 1851 do preferred 147; Pacific
Mail, S0Es; Reading, 2O7s; Rock Island, nv /;
st. Paul, 1874: do preferred i26k; Silver
Certificates, 6s%; Tennessee Coal and Iron.
427s; do do preferred, l0l; Texas Pacific,
1lh; Union Pacific. l5h Wabash, St. L..
and p, So do do preferred 22h; Western
Union. 927s; Wheeling and l.. r., Is; do do
preferred, 47Ia: Southern Railway S. 96l5
Southern Railway. common, 1875; Southern
Railway, preferred, 1874.
State Bonds-Alabma A, 109: do b, 1903:
do G, 80; Louisiana stamped as, 1907 North
Carolina. AZ, 102; North Carolina SIS. 122;
Tennessee, new set. 3s, 30; Virginia SIS,
preferred, 81 Virginia Trust Receipts, 6;
Virginia Funding Debt, SO; South Carolina
as, 1876.
Government Bonds-United States As,
registered, 11l%; United States AS, cou-
pons, liza United States rs, registered.
81.