The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-15

Sterling. exchange is steady. with actual
business IN bankers bills, at AS71aG4S724
for sixty days and S4.SSisQ4.SSS4 Tor de-
mand- Posted rates, SASSleI4 S9lz
commercial bills. S4.S655QAS7ls.
Bar silver, 66c
Government bonds were firm. state bonds
We're dull; railroad bonds were higher.
silver al the board was duh
New York, Dec. 1.-THE treasury bal
ahees were as follows: Coin, $50, SSl, AS;
currency, SOS, SS5. 253.
New York, Dec. 4-The weekly state
ment of the associated banks show the
following changes: Reserve, decrease,
$lS0z,s5O; loans, increase, So 10. 800; specie
increase, S123, 800: legal tenders, decrease
hSe4, otO; deposits, increase. 81, 1858, 900; cir
culation, decrease, So, 800. The banks now
hold SlS,S9l,S25 in excess of legal require
ments.
New York. Dec. 1.-THE New York Fl
nancier says this week: 1.-THE statement
Of the associated banks of this city for
the week ending Dec. IA, shows an unex-
pected expansion of $40 800 in loans
when must be attributed as much as TO
the speculative excitement of the past ten
days as to legitimate demand from mer-
camille sources for money. The interior
movement OF the currency for the week,
netted the New York banks not less than
2,JtO,OO. This is probably counted in the
statement. Against this should be placed
the loss through the Withdrawals of legal
tenders for the gold shipments of the last
part of last week. and the 81, OO0, 900 with
drawn during the current week. These
the statement does not show 1t since the
banks report a decrease of 81, 6S4, 600 in le-
gal tenders and gain of 1923 800 in specie,
making the net cash loss 81 $50 500 The
increase in deposits amounts to 81, 1853 900,
and although this required a higher total
bank reserve, the excess reserve as a e
suit OF the weeks operations decreased
nearly 100000. The specie item is slowly
increasing, but this accumulation is not at
the expense of the treasury, which is act
ually gaining gold from the banks of the
m Erz
sources for their specie, perhaps buying
assay office receipts from the producers
or bullion dealers. At any rate they can
not be accused of helping themselves at
the expense of the treasury. The gold
holdings of the New York banks are still
about N40o0,C0O less than the highest total
reported during this year"
New York Dec. IA, noon.-Erie, 1873;
Northwestern, 10i; do preferred, $780, Lake
Shore, 15112; Norfolk and Western, pre-
ferred, 8; Western Union, SS5s; Southern
Railway, common, 3d. do preferred, S27s:
American Sugar, 1044; Baltimore and
Ohio, 47l4; Canada Southern. 541s; ST. Paul,
747s; Rock Island, "A; Delaware and Hud-
son, 12Sl2; Delaware, Lackawanna and
Western, 1861; Manhattan, 1913; Michi-
gan Central, 1904; New York Central,
New York. Dec. 14-Speculative inter-
est at the stock exchange was confined al
most exclusively to the Industrials to-day.
These issues were buoyant and there was
scramble to get back short contracts.
Keene brokers were the largest buyers
and bid up prices all around. Tobacco
led the list, both in point of activity and
advance, rising nearly per cent. to 1874.
Rumors were current to the effect that
steps had been taken looking to a settle
ment of the fight with the western manu-
facturers, but nothing official was given
out. Leather preferred jumped 2 per cent.
to 20 and brokers of the leading trader
in the lndustItals were large buyers. Chi
cago Gas sold up to ia, the highest price
for a long time past, and the stock was
bought on a belief that the Whitner case
now before Judge Bischoff will be decid-
ed in favor of the company. Sugar drop
ped for a time, but in the final trading
rose to 1914 from 1925. Pacific Mail adj
vanced to 327s on the announcement that
the deal with the Panama had been con-
cluded at last. Railroad stocks were duh
and featureless. The selling of Reading
continued and the stock fell to s. The
reorganization plan is expected on Mon
day. On the other hand, Northern Pa
cific bonds were in better demand, and the
seconds rose to 10 per cent The Grang-
and steady. Speculation left off dull. Net
changes show gains of 1sI1 per cent. in
the railway list and AGA per cent. in the
Industrials. Sales footed for a half-holi-
day the large total of $685., 000 The sales
of listed stocks aggregated 1920 shares
and of unlisted stocks s., 295 shares.
New York stock disclosing bids-stocks
and bonds--American Cotton Oil, IS; do
preferred, 66Ia; Sugar Refinery, 104lk; do
preferred, 9SA; American Tobacco, 7612;
do preferred, 995s; Atchison T. and S. F.,
Is: baltimore and Ohio. 47H Canada Pa
cific, SAY; Chesapeake and Ohio, 17&; Chi
cago and Alton, 156; Chicago, B. and O..
s2A; Chicago Gas, 7034 Delaware, Lacka-
wanna and Western, 1862; Distillers, Cat
tie Feeders, 1873; Erie. 12A; do preferred,
%; Edison General Electric, 81; Illinois
Central, 1864; Lake Erie and Western 21%;
do preferred, "A; Lake Shore, 1914 Louis
vile and Nashville, SIS; Louisville and N.
A, 81; Manhattan, 10lS4; Memphis and
Charleston, 10 asked: Michigan Central,
10034; Missouri Pacific, 2S&; Mobile and
Ohio, 231a; Nashville, Chattanooga and st.
Louis, IS; U. S. Cordage, 69s; do preferred,
1872; N J. Central, 1885; n. Y. Central,
1907; N. Y. and N. E. 50; Norfolk and
Western preferred, 8; Northern Pacific, 4.
do preferred, Az; Northwestern, 104; do
preferred, $50; Pacific Mail, 80; Reading, 6;
Rock Island, "a; st. Paul, 747s; do PREFER
ed, 129; Silver Certificates, 66k; Tennessee
Coal and Iron S2sl; do do preferred, 50;
Texas Pacific, So; Union Pacific 6la; Wa
bash, st. l. and p, ~; do DO preferred IS;
Western Union, SS5s; Wheeling and L. j.,
1885; do do preferred, Al; Southern Rail-
way IS, SO; Southern Railway, common,
49, Southern Railway, preferred. 327s.
State Bonds-Alabama A, no; do B. 10;
do c, 101: Louisiana stamped As, $685.;
North Carolina As, 104; North Carolina SIS,
124; Tennessee, new set, 3s, 81; Virginia
6's, preferred, s; Virginia Trust Receipts,
6; Virginia Funding Debt, 60; South Caro-
lima AZ IS, 1O7.
Government Bonds-United STATES Is.
registered, 1l112; United States AS, cou-
mons 1121. Tinted States 2's reofstarad