The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-15


coupons, 1914 bid, - asked; Charleston Is.
IS bid. IS asked.
Railroad Bonds-Savannah Florida and
Western railroad general MORTGAGE bonds
per cent. interest coupons, Il5Js bid. =
asked. Atlantic and Gulf first mortgage,
consolidated per cent. coupons, January
ana July maturity 1887, l4 bid, 1O5 asked ;
Central consolidated mortgage ! per cent,
coupons, January and July maturity, 1893,
l2512 bid, asked; Central Railroad ana
Banking Company collateral gold IS, 50
bid, 100 asked; Georgia Railroad 6s, 1910, III
bid, IL asked; Charlotte, Columbia ana
Augusta second mortgage, 1l5ik bid, llg
asked; Montgomery and Eufaula first
mortgage Endorsed per cent, ll012 bid
asked; Georgia Southern and Florida
first mortgage per cent. trust receipts,
l09a4 bid, l1Oiz asked; Savannah and Allan
tic IS, Endorsed, 80 bid, asked; South
Georgia and Florida first mortgage, los
bid, l09 asked; South Georgia and
Florida second mortgage, 10 bid,
- asked; Savannah and Western IS, trust
certificates, Endorsed by Central railroad,
6 bid, "a asked; Savannah, Americas
and Montgomery 6s, 81 bid, % asked;
Ocean Steamship per cent bonds, 1920,
81 bid, 80 asked; Columbus and Rome first
indOrsed 6s, 20 bid, IS asked; Columbus and
Western per cent. first guaranteed, III
BID, - asked; Augusta and Knoxville
Railroad per cent. first mortgage bonds,
log bid, - asked; City and Suburban rail-
road first mortgage per cent. bonds, -
bid, s. asked; Electric Railway bonds, -
bid, % asked: Alabama Midland per
cent, ssh bid, 9052 asked; Brunswick ana
Western As, " asked.
Railroad Stocks-Augusta and Savan-
nah Z per cent. guaranteed, 81 bid 81
asked Central common, Is bid, 14I5 asked !;
Georgia common, 157 bid, 10 asked; South
western Z per cent. guaranteed IS bid
SO asked; Central 8 per cent. certificates
22lh bid % asked; Atlanta and West Point
Railroad stock, 80 bid, 100 asked; Atlanta
and West Point per cent. certificates, 80
bid, 100 asked.
Gas Stocks-Savannah Gaslight stock
20 bid, q asked Electric Light and Pow
er Company SO bid, % asked.
Bank Stocks, Etc.-Citizens Bank 1O6
bid, 1O7 asked; Chatham Bank, 4SIh bid
1914 asked; Germania Bank, 1857 bid 1861
asked; Merchants National Bank. 100
vannah, 13l bid, 1872 asked; Oglethorpe
Savings and Trust Company, lOl bid. iO2
asked; Southern Bank of the State Of
Georgia, 164 bid, 166 asked; Savannah Bank
and Trust Company, 106 bid, 107 asked -:
Chatham Real Estate and Improvement
Company, A, 50 bid, 5Sls asked; b, 81 bid.
pany, 80 bid, SO asked; Title Guarantee
and Loan Company, So bid, asked, ex-
div.
Factory Bonds-Augusta Factory. Is
101 bid 1O3 asked: Sibley Factory 6s. lOi
bid 102 asked; Enterprise Factory 6s lO2iS
bid 1882 asked; Eagle and Phoenix Manu-
featuring Company per cent bonds, IS
Factory Stocks-Savannah Cotton Fac
tory. % bid, 70 asked; Eagle and Phoenix
Manufacturing Company, p bid % asked F:
vile Factory, $50 bid, asked; Langley
Factory, 104 bid 105 asked; Enterprise
Factory. common, 80 bid. SO asked; ]. p
King Manufacturing Company 100 bid, 103
asked; Sibley Manufacturing Company,
"A bid, 70 asked; Savannah Brewing Com
pany, "a bid 9ii5 asked.
London. Sept. H-Bar silver 391hd Paris
advices quote three per cent rentes lO2f.
lOc for the account.
New York, Sept. 4.-Money on call at l
per cent. Prime mercantile paper, 4G4lRc.
Sterling EXCHANGE ret
ness in bankers bills at SISSY SO for
sixty days, and ST. S9iaIl4 $3.50 for demand.
Posted rates, $4.S9Q4.9O; commercial bills.
$4S74 04SSA
Bar silver. 667sc
Government bonds were steady; state
bonds were firm; railroad bonds were
weak.
Silver at the board was 67AG671k.
New York, Sept. l2-The treasury ball
ances to-day were as follows: Coin, $751;
$4,000; currency $97, $4,000.
New York. Sept. 1.-THE weekly state
ment of the associated banks shows the
following changes; Reserve, decrease, IS,
lbl, 523; loans, increase, 1888, 100; specie,
decrease, S1,911, 900; legal tenders, decrease,
1854 100; deposits, decrease, 81, O99. 100; cir
culation, increase, 1857, GOO. The banks now
hold, $26,6S5,250 in excess of legal require
ments.
The New York Financier says this
week: If the statement of the associa-
ted banks of this city for the week end
ing sept. IA, affords any criterion, the
day of l per cent money in New York
city has passed away for some time to
come. The banks now hold less idle cash
than they have reported since April "a,
when the reserve was affected BY bond
syndicate operations, and while the heavy
cash reductions of the past week
amounting to &c. 436. 300 were due in part
to gold exports, the fact should not be
overlooked that the loan item shows a
remarkable tendency to advance without
symptoms OF relapse the increase for the
week ending Sept. a. being 81. S3S 100. The
aggregate loans are now 1922, SOS, 800 or
nearly 100000 in excess of the figure
that stood for years as high water mark.
The steady expansion of the loan account
Is f1attering evidence of present pros
perity, and especially since the demand
for money comes from purely commercial
sources. The New York banks are in con-
slant receipt of demands from interior
correspondents for funds, and the ship
ments during the week have been heavy.
Inc decrease OF $5,U99,lO0 In deposits shows
that money Is being employed to advan-
tage by interior banks in their own local
tiles, although Withdrawals of legal ten
ders had probably a great deal to do with
the past weeks falling off. The decrease
of I,524, 700 in legal tenders was brought
about by shipments previously referred to,
and also by the heavy export movement
which necessitates the use of legal ten
ders.
THE decrease of S1,s11, 600 in specie was
brought about by the deposits of gold in
the sub-treasury made by banks indenti-
fed with the bond syndicate. The gold
shipments of Saturday do not figure in the
current statement, but will eb shown next
week, when, according to conservative es-
Inmates, there will be a still further re-
duction in the reserve. A new bond issue
in the face of such heavy decrease in
cash, would put money rates far higher
than they have been since the panic''
New York, Sept. IA, noe h.-Erie, So
Northwestern, 10l3s; do preferred, AS; Lake
Shore, 14S; Norfolk and Western pre-
ferred, Il; Western Union, 1924 Southern
Railway common, 12Ss; do pre-
ferred, S77s; American Sugar, 1887;
Baltimore and Ohio, "a; Canada
Southern, 5S1a; St. Paul 70; Rock Island.
ware, Lackawanna and Western, 1872; Man
haitian, ll0la; Michigan Central. 1001R New
York Central, 1912
New York, Sept. IA belief that the
gold shipment next week will be on a
large scale unsettled the market for stocks
to-day and there We're heavy liquidations.
Stop loss orders We're met on the Way
down and these accelerated the decline.
An impression prevailed that money is
likely to rule higher in the near fut-
ure, and this also Influenced weak hold
ers to sell. The pressure to sell was
more pronounced than for months past
and there was absolutely no support
given to the market. Prices dropped u
to 81 per cent, in the first hour of bust
ness. Missouri Pacific, Sugar. New York
Central, Tennessee Coal and Iron Louis
vile and Nashville, Atchison, Wabash
preferred and the Changers scored the
greatest losses The stocks named ali
Of ~,