The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-06-16
FINANCIAL.

following are net Savannah quotations:
Commercial demand. sass sixty days
steady; francs, Paris and Havre. Sky
days S5.lf; Swiss sixty days, S5.l3.4:
marks, sixty days, % 5-l6-
SecuriuCs-The market continues firm
ana advancing Tor Central Issues.
state Bonds-GeorgIa, ~ per cent, 1919,
10 bid, ll6 asked; Georgia, Z per cent,
1875, 10 bid, lU6 asked; Georgia 80 per
cent, lcny dates, iO-iz bud, lu5!e asked;
Georgia 5l2 per cent. 1S55. lOl BID, IOe asked.
City Bonus-New savannah 8 per cent,
July coupons, .U.l2 bld, asked; New sa-
Nalhah per cent, August coupons, l0I3z
bld, -, asked
Railroad Bonds-Central Railroad and
Banking Company collateral, gold 81, 80
bld, 40 asked; Central consolidated mort
sage per cent, coupons, January anu
july maturity, ~ bid, asked. SaVtn-
nan ana estern railroads. per cent, trust
ceftlncates, J5 bid, 81 asked; Savannah,
Americus and Montgomery per cent, 55it
pa 9S5Z asked; GeJrg railroad per cent.
l9lV, III BID, ~ asked Georgia southern
ana Florida FIRST mortgage, . per cent, 9S15
pa, ss1s asked; montgomery and Eutauia
urst mortgage per cent, indorsed ey
central railroad, - bid, 1O3 asked; Angus
cent, 100 bid, lUl asked, Ocean steamship
= per cent, due 1920, %is bid, 98ih asked;
Columbus and Rome 6rst mortgage bonds,
lnqorSed BY Central, railroad, = bid. 80
asked; Columbus and Western per cent.
guaranteed, - bid, Up asked; City and Su-
Durpan railway, nI'st mortgage per cent,
~ bld, % asked; savannah ard Atlantic
per cent, Endorsed, Is bid. - asked; Elec-
tric railway first mortgage 6s, 80 bid. IS
asked; South Georgia and Florida first
mortgage per CENT loo bid, asked.
mortgage. los bid, asked, South Bound
railroad 0s, Endorsed, 74Is bid, 7Ji5 asked:
Alabama Midland, 50 bid, 80 asked; Bruns-
WICK and Western As, guaranteed, q
Railroad stocks-Central common, y
bld IA asked; Augusta and Savannah
per cent, guaranteed, a bid, 50 asked;
Georgia, common, 1853 bid 167 asked;
southwestern Z per cent, guaranteed, in
clcdlng order for div, rs bid, Is asked;
central q per cent, certificates. with or
asked; Atlanta and West Point ralroa1
stock 81 bid, 50 asked: Atlanta and West
Point per cent. certificates, "a bid IS
Bank Stocks, Etc.-Citizens Bank, aO4
Did, asked Chatham Bank. asa bid,
~ asked; Germania Bank, 1O3 bid, iOi
lQl asked; National Bank of Savannah, 1872
bid, l3S asked; Oglethorpe Savings and
Trust Company, 100 bid, I0l asked; South
ern Bank Of the State of Georgia, 1865 bid.
l66 asked; Savannah Bank and Trust
company, Jos bid, - asked; Chatham Real
Estate and Improvement Company, SIR
BID, 54ls asked; Savannah Constructor
Company, "A bid, 1872 asked; Title Guaran-
tee and Loan Company, 20 bid, 81 asked;
Brush Electric Light and Power Com
pany, 50 bid, 81 asked; Savannah Gas
nah Brewery Company, 97lb bid 9Sla asked
New York, June 15.-Money on call was
at per cent. Prime mercantile paper, Ga
Sh per cent Sterling exchange, actual
business IN bankers bills at ST. sSIG4.s slb
for sixty days, and S4S9A al S9Ik for de-
mand Posted rates, SLS9Q4.9O. CONNER
cial bills, S4.@hN4SS.
Bar silver, G6Ac.
Government bonds. firm; state bonds
were quiet
Railroad bonds were strong.
a ha rG eola e.
ounces
New York, June 15.-The treasury hal
ances We're as follows: Coin. $92, 797, OOO;
New York, June 15-The weekly state
ment of the associated banks shows the
following changes:
Reserve, decrease ...................Sl.70 9 900
Loans, increase ..................... 4,487 800
Specie decrease Observation-Disclosures. ASA 500
Legal tenders, increase ........... $50 AGO
deposits, increase ................... ISIS 200
The banks now hold S37, 95S, 800 in excess
of the requirements of the % per cent.
rule
The New York Tinancier says this week:
with money ruling at the lowest figures,
the associated banks of this city repre-
sented Saturday, June Is, the largest vol
uIne of loans outstanding since the organi-
cation of the clearing house. Only once
Dec. 8, lS9i-has the present total been APP
preached, and less than half dozen times
has the 100000 mark been reached. In the
face of such a showing, the current state
ment cannot be regarded as unfavorable.
The flow of money from the interior, how
ever, CONTINUES IN a seemingly endless
stream and had il not been for the I'M
usually heavy changes in the several items
the reserve must have increased rather
than shown a decrease of nearly $780, 600.
The loss of Si,5l4, 500 in specie was due
solely to the transfer of $i0090,0G held by
several government depository banks of
the treasury last week. This gold had al
ready figured as treasury balance and the
md
ured as a bank balance. 1t is interesting
to note that the loss reported by the entire
list of clearing house banks, comedies
almost exactly with the decrease reported
by one bank alone
How a treasury balance can also be
figured as a bank balance is somewhat
strange. The increaSe of S2,Sl9200 in de-
posits and S3.5l0300 legals, reflects the in
terror movement, and the expansion of
81 4S7, 900 in loans if not made up largely of
stock exchange transactions is an encour-
aging sign of the revival in business. One
year ago the hanks were carrying an eX-
cess reserve of $76,S76.575 and loans were
$i4,0O0000 less. Two years since the banks
were issuing clearing house certificates,
and while the abbreviated statement then
issued weekly, showed an apparent SUR
plus reserve of IS, 0000 C0, ii is known that
many banks were below the limit required
by law Since then the New FORK banks
have practically absorbed three heavy
bond issues and still have nearly 100000, 900
surplus money to loan.
New York, June Is, noon.-Erie, 10%;
Northwestern $3.50; do preferred, IA; Lake
Shore, 147sl; Norfolk and Western pre-
ferred, IA; Western Union, 931a; Southern
Railway common, 14Is; Southern Railway
preferred, Az American Sugar, ll7is; Bal
timore and Ohio, 62A Canada Southern,
55A St Paul, e8ss; Rock Island, 729s; Della
ware and Hudson, 129l2; Delaware, Lacka-
wanna and Western, t62; Manhattan, 1872;
Michigan Central, i02; New York Cen
tral, 102h.
New York, June 15.-Chicago Gas was
the feature of the stock market to-day.
Nearly $4,000 shares of the stock were
traded in, the price ranging from Y to
74is Opening transactions were at the
figures given, 1900 shares having changed
hands. The last sale on Friday was at
ISIS The failure to pass the Consolida-
ton bill at Springfield yesterday led to the
decline noted, but the reaction brought
in buying orders and a recovery 20 "A err
sued The break in Gas at the opening
upset the calculations Of those operating
for higher prices in the general list ana
for a time the market hesitated. With
the recovery in Gas, however, operators
gained courage and bought moderately Of
the Changers, Tennessee Coal and Iron,
Minnesota and St. Louis and
New York. New England, Can
ada Southern and Susquehanna
and Western. The rise in these Is
RAJ 70