The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-08-04
FINANCIAL.

s4F---" 80 --7----~~'
FINANCIAL.
Money is easy: demand light.
~ oreign Exchange-The market Is firm.
Inc following are net savannah quota
ions: Commercial, demsnd, $3.50; sixty
Paris and Havre sixty days, SOLOS; Swiss,
sixty days, S5.1Ii marks, sixty days, 955s.
Domestic ENchange-The tone OF the
market IS weak. Banks are buying AZ
y per cent. discount and selling al par TO
Is per cent. premium.
Securities-The market closes quiet and
ties.
Stocks and Bonds-state Bonds-Geor-
gia, 3la per cent. bonds Of 1880. l0liz bid.
1872 asked; Georgia 3iz per cents, due
1915, lolh bid, 1O2 asked; Georgia ~ per
cent bonds. 1915. lliis bid, l5iR asked
Georgia Smiths, maturity 1886, lQ2 bid,
lOsl2 asked.
City Bonds-Alauta per cent. los bid.
asked; Augusta Z per cent. IL -
~ asked; Augusta per cent 80 bid
ne asked; Columbus . per r-s,r.. l02 bid
lO3 asked; Macon g per at. ~ bid. ll5
asked; new savanna per cent. quar-
new savannah z per cent. quarterly Mo-
Vemher coupcIs. lV& bid. asked:
charleston. =. % blii. IS asked
Western /ailroad general mortgage bonds
9 per crat. Interest coupons. lifa. hid -
asked; Atlantic and Gulf first mOrtyage,
'fAsFttf f.ttANfA hII cent. coupons. january
and July maturity 1871 1895 bid. los ask
el' central consolidate mortgage per
ce C. coupons, january and July matur-
y lssS' 10 oid. - asked; Central Rail-
@d and Banking Company collateral
gold Is, 80 bid. 80 asked. eorgia railroad
o., 1910. III BID, asked. Charlotte. Co
lumhla ana Augusta second mortgage,
~ bid, llb asked. Montgomery and Eu-
lnula irFt mortgage indorsed per cent.
lql bid, 10 asked Georgia Southern and
FLORIDA hrst mortgage 6 per cent trust
zs.u~ 4
Atlantic 5s. Endorsed. 80 bid, - asked:
south Georgia ana Florida indOrsed nrsts
l0i bid. asked; South Georgia and Flor
laa second mortgage. JOG bid, - asked Sa-
yannah and Western IS trust certificates.
Endorsed by Central railroad. GA bid.
Ga asked; Savannah, Americas and
MonfEomcry 6s. 81 bid. % asked Ocean
Steamship per cent. bonds. 1920, 95 bid.
sa asked; Columbus and Rome FIRST in
dorsed hs - bid. IS asked; Columbus and
" estern per cent. first guaranteed, 112
bid. ia asked Augusta and Knoxville
railroad Z per cent first mortgage bonds,
lHiz bid, - asked; city and Suburban
railroad nrst mortgage 7 per cent bonds,
bid, 81 asked: Electric Railway bonds.
- Did, . asked; Alabama Midland per
cont. So bid So asked; Brunswick and
Western g. y asked: South Bound rail
road IS. az DID. 7jl2 asked.
Railroad Stocks-Augusta and Savannah
per cent. guaranteed, 50 bid. ~ asked;
CENTRAL common, - bid, "a asked Georgia
co Hmon lc9 bid III asked; Southwestern
pt- cent. guaranteed. 1854 bid. s6is asked:
Cent val per cent. certificates. 3 bid. >
asked, Atlanta and West Point railroad
stock. y bid. 81 asked; Atlanta and West
Point yer cent. certificates, 81 bid, -
asked.
Gas STOCK Savannah Gaslight stock.
1919 bid, pos csked' Electric Light and
Power Company 90 bid G0ia asked
Bank Stocks. k>c.-Citzens Bank, los
bid, JOG asked; Chal.'am Bank. IS bid -
asked. Gcrmanla BANK. l02ie bid. - asked:
Merchants National Ban l0Oia bid l0llz
asked. National Bank OF savannah. 130
bid, 1872 asked, Oglethorpe SSSings and
Trust Company, l00l2 bid 1919 asked:
Southern Bank of the State of Goo. ~ia
l6l bid, l63 asked; Savannah Bank ans
Trust Company, Jos bid, - asked, Chatham
Real Estate and Improvement Company,
5212 bid, 13ia asked; savannah Construc-
ton Company, 70 bid, 76 asked; Title
Guarantee and Loan Company, 81 bid. -
asked
Factory Bonds-Augusta Factory. Gs
10l bid. 103 asked: Sibley Factory, Gs &C..
bid, l02 asked; Enterprise Factory Gs. l02
bid, lO3 asked; Eagle and Phoenix Manu-
acquiring company per cent. bonds, Is
bid, 81 asked.
Factory stocks-savannah Cotton Fac
tory, Go bid, asked; Eagle and Phoenix
Manufacturing Company, p asked Au-
gusta Factory, 70 bid, rs asked; Granite
Vile Factory. $50 bid, asked; Langley
Factory common. 90 hid, e3 asked ]. =.
King Manufacturing Company, 100 bid. l03
asked; Sibley Manufacturing Company, "a
bid, Is asked.
New York Aug. 3-Money on call was
at per cent.
Prime mercantile paper, 4G4lk per cent.
Sterling exchange firm, with actual bus
mess In bankers bills az $4.S9izG4S9si for
sixty days, and Si90i4N4. 90l5 for demand.
Posted rates, $i.9Gd49.
Commercial bills, 4,SSl5QAS9.
Bar silver. 663sc.
Government bonds steady; state bonds
were firm, railroad bonds higher
Silver at the Board was 663s0G67sc.
New Y Ork Aug. S.-The treaury balances
We're follows. Coin Sg1 Gl9
$50. S7i 900.
New York, Aug. 8.-The weekly state
ment of the associated banks shows the
following changes: Reserve, decrease, 81
079,400; loans, increase, 49, ISL 900; specie in
crease H. 400; legal tenders decrease, S416.-
800; deposits, increase. S336l. 500; circula-
$40,9l7. 175 in excess of legal requirements
New York Aug 3.-The New York FL
nancier says this week: A decrease Of
SLOT, 400 in the excess reserve carried by
the associated banks of this city is a ia
vorable feature of the bank statement
made for the week ending Aug. 8. The
changes In cash holdings We're unimpor-
tant, the gain Of SlII, 400 in specie being
more than counterbalanced by a decrea Sc
Of Al6,4OO In legal tenders. making the net
loss for the week 81. 1893 900. Had il not
been for the expansion in loans, the re-
serve would have swelled something like
a million dollars, as the net increase in de-
posts for the week was 1881 coo. A large
part OF this gain undoubtedly came from
the interior movement which is main
tanned in a volume larger than has been
anticipated. Large remittances have also
been recovered from some Of the eastern
banks during the week. The increase In
loans coming Immediately after the de-
crease of the week previous, is not to
be explained easily but money rates in
view of the long predicted advance are
very tempting, and shrewd borrowers are
quick to take advantage Of an opportuni-
~ which may not occur again. The de-
mand for re-discounts from the west and
south is also increasing, and some large
sums have been placed within the past
few days A number Of banks having
large connection of this kind report a
revival ia the demand. which has extend
ed over two weeks. The treasury, Il may
be remarked is preparing for the bust
ness which Fl will be called upon to 10
in the way Of transferring funds by tele-
graph as they are called for. Rates for
funds have shown no material change. al
though the gold exports have complicated
the situation 10 some extent.
New York. Aug. 3. n0on.-Erie, 9h;
Northwestern, 1918; do preferred. Ii5:
LMkn snuL.- 10. Nnrlnlk nul Ma.lnrn