The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-08

IroEBld ana floridd urSt mort gage, los
Florida second mortgage IL Sd.
90 asked Savannah and Western IS, truss
eertiteates, Endorsed BY Central railroad.
esla bid. Ga asked; Savannah Americas
and Montgomery 6s, 81 bid. 81 asked I:
ocean Steamship 5 per cent. bonds le7D.
y Do, - asked; Columbus and Rome drst
lndorsed 6s. 90 bid, IS asked; Columbus and
western per cent hrst guaranteed, III
bid. - asked; Augusta and Knoxville
r. t.3 per cent. first mortgage bonds,
luo old, - asked; City and Suburban rail-
road first mortgage Z per cent. bonds, -
bid, s. asked; Electric Railway bonds, -
Dl1, % asked; Alabama Midland per
cent. $50 bid, 90i2 asked; Brunswick ana
Western IS, p asked.
Railroad Stocks-Augusta and Savau-
nah per cent. guaranteed s. bid s4
asked Central common, Is bid. i45s asked;
Georgia common, l67 bid, 16s asked; South
western Z per cent. guaranteed, S7ls bid,
$50 asked; Central per cent. certificates
~ DID, . asked; Atlanta and West Poins
Railroad stock, sS bid 90 asked Atlanta
ana West Point per cent certificates, 9s1s
bid, s3ls asked
Gas Stocks-Savannah Gaslight stock.
% bid, q asked; Electric Light and Pow
er Company, So bid, % asked.
Bank Stocks, Etc.-Citizens Bank Jos
bid, lg1 asked; Chatham Bank, 4Sl5 bid.
1914 asked; Germania Bank, 1861 bid, 1861
asked; Merchants. National Bank, 102
bid, 102la asked; National Bank Of Sa-
vannah, 131 bid, 1872 asked: Oglethorpe
Savings and Trust Company, l0 bid iO2
asked; Southern Bank of the State of
Bank
and Trust Company, loo BID, l07 asked;
Chatham Real Estate and Improvement
Company. A, 50 bid, 5Sis asked; 3, 81 bid,
big asked; Savannah Construction Com
pany, so bid. asked; Title Guarantee
ana Loan Company, IS bid, - asked,' ex-
Factory Bonds-Augusta Factory Is
l01 bid, l03 asked; Sihley Factory IS, lM
bid, 1U2 asked. Enterprise Factory 6s lO2b
bid, l03la asked; Eagle and Phoenix Manu-
featuring Company per cent. bonds. IS
bid, 80 asked.
Factory stocks-savannah Cotton Fac
tory, - bid, 70 asked; Eagle and Phoenix
Manufacturing Company, y bid, p asked:
Augusta Factory. 70 bid, IS asked; Granite
Vile Factory, $50 bid, asked; Langley
Factory, 104 bid. 105 asked; Enterprise
Factory, common, 80 bid, SO asked; j. p
King Manufacturing Company, 100 bid, 1O8
asked; Sibley Manufacturing Company,
"a bid, 76 asked; savannah Brewing Com
pany, "a bid. 94ls asked.
New York, Sept. 7.-Money on call was
at per cent.
Prime mercantile paper, 4aia5ll per cent.
Sterling exchange firm, with actual bus
mess in bank bills at s4s9Gi4 1914 for sixty
days and A.S94G490 on demand.
Posted rates, 81. S90490.
Commercial bills, $4.SSd4 $3.50.
Bar silver, &c
Government bonds steady; state bonds
were higher; railroad bonds were firm.
Silver at the Board was quoted at 671sGl
New York, Sept. THE treasury ball
ances were as follows: Coin, SSS 1855, 7S2;
currency NSb,lll.UO.
New York, Sept. THE weekly state
ment of the associated banks shows the
following changes: Reserve, decrease,
Si,5U5,l5O; loans, increase, 5.106000; specie,
decrease, SS31,l0 legal tenders decrease,
81 200; deposits, increase, s., 1926, 400; cir
culation, increase, Sl50,100 The banks
now hold SS4,Sl6,775 in excess of legal re-
quirements.
New York. Sept. 1.-THE New York
tinancier says this week: The state
m WSrlt Of the associated. banks Of New
YORK Tor the week ending Sept. is a
remarkable one in several features. The
expansion in loans reached the unusual
hgure of S5,106000, which brings the total
loan item TO S5lS, 1865, S00 or 81 761, 100 higher
than the largest amount ever reported in
the history of the New York clearing
house. This, of itself. makes the show
ing or the banks a noteworthy one, but
when IT is remembered that the increase
was the result largely, Of legitimate bus
mess, coupled, Of course, with a greater
degree of activity In exchange circles
and the usual shifting of loans incident
TO early September settlements, 1t will
be seen that business is maintaining it's
mand for money from the interior still
continues, and some large shipments
have been made during the week. The de-
mand Tor redlScounts Is reported up to eX-
pectations by a. number of banks which
do large business with the south and
west The money market, however, has
not advanced. although one or two scat
tered loans at per cent. are reported.
There is, beyond doubt, a hrmer tone
displayed, and the material reduction of
~, 4OS,l50 In the reserve, bringing the
amount of excess cash down to ST. SAG, 775,
Will operate in favor of better rates.
The continuance of gold shipments is
having its effect on the cash holdings
of the banks, the reduction of nearly
M,OOO,O0O in specie having been brought
about by the withdrawal of gold on syn
dictate account. The total loss of cash to
the banks amounted to 1881 500 for the
week, legal tendes making 50 SS4 700 of
the whole amount. The gold shipments
70 do uuTf#I lit 81
ing off, but the shipments to the interior
must have been also an important fac
tor, since the receipts are estimated to
have been IN the neighborhoodf of 81, 900 900
less than the outgoing, unless all indi-
cations go for naught, there will be still
further reductions in the surplus reserve
before the fall movements cease. Com
pared with year ago, loans are nearly
S27OO0,O0O larger, while deposits are
about 100000. The excess reserve is a
little more than half the amount report
ed for the same week last year.
New York, Sept. g. noon.-Erte, 8; North
western, 1o57s do preferred, l46lz; Lake
Shore, $50; Norfolk and Western pre-
ferred, 10; Western Union, 941s; Southern
Railway common, 1885; do preferred Az;
American Sugar 1l2A; Baltimore and Ohio,
coz, Canada Southern, So; St. Paul, IS;
Rock Island, 1924; Delaware and Hudson,
l34; Delaware, Lackawanna and Western,
1856 Manhattan 11216; Michigan Central,
1924; New York Central, 1882.
New York, Sept. 7-There was a slim
attendance at the stock exchange to-day,
the international yacht race having led
to an almost entire exodus of operators
The handful Of traders who remained
were in the main bullishly inclined. They
paid particular attention to the special
ties, however, and the standard issues as
a rule were quiet. Tennessee Coal and
Iron not only led in point of activity but
in advance as well, the stock having sold
up from 4Sh to 447sQ44si The principal
buyers of the stock were brokers' supposed
to be acting for some of the new direc-
tors. The old rumor about closer al
lance with the Westinghouse was used
again by the bull pool in General Electric
and the stock was advanced TO 401s. Sugar
first declined Il to 1121a, then advanced to
1917, and receded and closed at 112Ts
Erie Telephone rose ia to g. and Colorado
Fuel ll2 to 4Oq39i4. The railway list proper
opened little irregular on lower London
quotations, but local operators subse-
quently turned up as buyers, and prices
generally improved 1sQA per cent. Spec
ulation closed quiet and firm at or near
the top of the day. Net changes show
gains of Is to ~ per cent. Tennessee
Coal and Iron and United States Cord
age led. The sales footed up s., 1SO, 900. The
sales of listed stocks aggregated 1000
shares and of unlisted stocks 1900 shares
New York Stock List-Closing Bids
Stocks and Bonds.-American Cotton OH
"a; do preferred, Y; Sugar Refinery, 1924:
do nFPfprrQd 109lL. 4 M