The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-22


1854 bid lesit asked Georgia Southern and
Florida new S. 100 asked: Savannah and
Atlantic IS, indorsed, 80 bid. - asked South
Georgia and Florida hrst mortgage. los
BID, l09 asked: South Georgia and
FLORIDA second mortgage. 10 bid.
- asked Savannah and Western IS, truss
certificates, Endorsed by Central railroad,
s. bid, 81 asked; Savannah. Americas
and Montgomery 6s. 4Sia bid, ~ asked;
Ocean Steamship per cent. bonds. $50,
81 bid, 50 asked Columbus and Rome first
indOrsed IS, - bid. 81 asked; Columbus and
western per cent nrst guaranteed, 1l3
bid, asked; Augusta and KnoxviiI=
"a tsailr9ad Per eenI; nrst mortgage bonds,
lci DID, - asked City and Suburban rail-
road first mortgage Per cent. bonds, -
bid, 3 asked Electric Railway bonds, -
bid, . asked: Alabama Midland per
cent. SsiR bid, s0ia asked: Brunswick and
Western. Is u bid. 2 asked.
Railroad StOcks-Augusta and Savan-
nah per cent guaranteed, s. bid, 81
asked; Central common, III bid,l454 asked;
Georgia common, l6l bid, 10 asked: South
western z per cent. guaranteed, SS5z bid,
S9l2 asked: Central per cent. certificates
Railroad stock, 80 bid, 100 asked; Atlanta
and West Point per cent. certificates, 80
bid. 100 asked.
Gas Stocks-Savannah Gaslight stool,
% bid. p asked; Electric Light and Pow
er Company, 50 bid, 90 asked
Bank Stocks, Etc.-CitiZens Bank los
bid, l07 asked; Chatham Bank. 1917 bid,
1874 asked; Germania Bank 1851 bid, 1852
asked: Merchants National Bank l02is
bid l0215 asked; National Bank Of Sa-
vannah. 1872 bid. 1S3 asked; Oglethorpe
Savings and Trust Company, 1914 bid, 1904
asked. Southern Bank Of the State of
Georgia, 164 bid, 165 asked; Savannah Bank
and Trust Company, 1852 bid, 1W asked :
Chatham Real Estate and Improvement
Company A, 525R bid, SO asked; b. 81 bid.
511b asked; Savannah Construction Com
pany, ~ bid, Sie asked; Title Guarantee
and Loan Company, % bid. So asked, ex-
Factory Bonds-Augusta Factory. Is
fOl bid l03 asked: SibleY Factory S. IOl
bid. lO2 asked, Enterprise Factory IS. l02l5
bid 1882 asked; Eagle and Phoenix Manu-
featuring Company per cent. bonds, IS
'- Factory ct stocks-savannah Cotton Fac
tory, 90 bid, 70 asked; Eagle and Phoenix
Manufacturing Company, - bid. % asked ;
Augusta Factory, y bid, 76 asked; Granite
Vile Factory, $50 bid, = asked; Langley
Factory 104 bid los asked; Enterprise
Factory, common, 80 bid. 80 asked; j. p
King Manufacturing Company, 100 bid 103
asked; Sibley Manufacturing Company,
"a bid. 76 asked; Savannah Brewing Com
pany, So bid. - asked
London. Sept. 21.-5:S0 p. m.-Paris ad-
vices quote three per cent; rentes 100f.
soc for the account.
New York, Sept. H-Money on call was at
l1sQ2 per cent. Prime mercantile paper.
4Gl5 per cent; sterling exchange weaker;
with actual business in bankers bills at
s4.S9Q4s9A for sixty days, and &.SSl4g
Assn for demand. Posted rates A.SS1a9
silver. 6s2c.
Government bonds firm; state bonds
were dull; railroad bonds were strong.
New York. September 2l.-The weekly
statement Of the associated banks shows
the following changes
Reserve, decrease ...................S 4.241, 80
Loans, decrease ..................... 5,f56 050
Specie, decrease ......-.............. 544, 800
Legal tenders, decrease ........... 7.019 500
Deposits, decrease .................. 13, 29l 800
Circulation, increase .............. 1877 900
The banks now hold s22, il3. 800 in excess
of legal requirements.
New York Sept. 2.-The New York
Financier says this week: THE state
ment Of the associated banks of New
York city for the week ending Sept q re-
fleets in part the effect of the higher
money market and the movement OF
money abroad and to the interior. The
unusually large decrease in loans-S5, 455,
600, coming after a continued expansion
which had increased that item from $685.
$4,000 on July Y, to $522, 69S, 900 on Sept Is,
can be accounted for on the theory that
loans made at the prevailing low rates
during that period have called in. There
has undoubtedly been more or less liqui-
dalton in the loan account. Whether the
falling excess reserve, bringing with IL
higher money rates win still flIrtAer com.
tract the loan account, is an interesting
problem. The rate for loans during the
week ranged closely around 2 per cent.
me SITUATION faVors a higher money
market. The demand from the interior
still continues and large remittances were
made TO the south and west during the
week. The sub-treasury sent in the
neighborhood of $2,0O0,cO0 to these sec
lions. The banks lost IN cash s., 564 700
of which S544.900 was specie and 81. 019, s0C
legal tenders. The decrease in the hold
ings of gold reflect deposits made with
the sub-treasury or Withdrawals from the
banks, heavy loss in legal tenders is an
evidence of the loss sustained during the
previous week, when the heavy move
ment of gold was at its hight. The state
ment, in fact. does not reflect the exact
conditions for the six days by which il Is
supposed TO rnnrpEnnf The dprTpa NJ
Sl3, POI, 800 in deposits has not been equaled
this year. although in six days between
Jan 70 ana Feo. the loss exceeded Sl2,-
100000. That, too. was at a time when
gold was going to Europe on every
steamer, and the reserve was falling al
an alarming rate. The loss last week in
cludes the decreases of part OF the pre-.
vious week, and it is accounted for, also
by the heavy interior movement and the
liquidation of the loan account as a re-
suit of the weeks operations, the reserve
decreased $4,2n, $50 and now stands at $22,-
4B,5CO, which, ommttting the bond pur-
chase periods, is the lowest it has been
for two years or more.
New York, Sept. q, noon.-Erie, 1926
Northwestern los; do preferred, Jas; Lake
Shore, $50; Norfolk and Western pre-
ferred. 14s4; Western Union, 927k; Southern
Railway common, 1872; Southern Railway
preferred, 40A American Sugar, 1861 Bal
umore and Ohio, "a; Canada Southern, SAX
st. Paul, IN; Rock Island, 7S1s; Delaware
and Hudson, 1929 Delaware, Lackawanna
and Western, 1912; Manhattan, III; Michi-
gan Central 1907; New York Central 1021s
New York. Sept. 21.-There were few
traces of weakness to the stock market
this morning. In fact, save for a frac-
tional decline in the railways and droI
of ia per cent. in Tobacco at the start
speculation displayed a firm undertone
throughout the session. Chicago Gas and
Sugar, which were attacked sharply late
yesterday, presented a firmer front Gas
rose from 67s4 to 693s Q69 and Sugar from
1855 to l07Ql06&. The drop in Chicago
Gas from M to 67l2 yesterday is now at.
tributed to liquidations by a Chicago OBJ
orator and HIS local friends, who had a
big interest in1he pool The rally i'm SUI
gar was ascribed TO the covering in short
stock and improved trade conditions The
general market was strengthened by state
ments by Lazard Freres that in their
opinion the gold shipments were over for
the time being, for the reason that the
government no longer needed the services
of the bond syndicate. The reduction ir
the bank reserves was considered rather
favorable as 1t indicates better rates for
money in the near future. Higher inter.
est charges naturally means lower rates
for sterling exchange and a cessation OF
gold exports. The railroad issues were
also faVorably influenced by the progress
making by the Trunk Line and Central
Traffic Association in their work of eg.
tablishing stable tariffs. The special com.
mittee appointed yesterday is not ex-
pected to report for some days The i'm
proVement in prices ranged from u tof3.
per cent, and was most pronounced in the
case OF the Southern Railway tho Graz