The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-07
FINANCIAL.

Money, steady, with a fair demand.
Domestic Exchange-The tone OF the
market is steady. Banks are buying at
par and selling at i per cent premium up
to 5000; over 5000 at 800 per $1,000.
Foreign Exchange-Market, firm. The
following are net Savannah quotations:
Sass; ninety days, as7is conunentals,
steady francs, Paris and Havre, sixty
days, $l7; Swiss, sixty days, S.lsA;
MARKS, sixty days, IS 3-l6
SecuritieS-The market is very nrm Tor
southwestern, With light offerings.
state Bonds-Georgia. AZ per cent 1910
~ pid, ~ asked; Georgia per cent, 1896,
lo2 bid, l9i asked; Georgia 31a per cent. long
dates, lOl bid, 1O2 asked; Georgia 3s
per cent, 1916, l01 bid, 1O2 asked
city Bonds-New Savannah per cent,
october coupons 1864 bid. 1864 asked New
Saayannah per cent. August coupons, lOli4
bid, l0ls4 asked.
Railroad Bonds-Central Railroad and
Lansing Company collateral. gold 6s, "a
pa, 100 asked; Central consolidated mort
gage Z per cent, coupons, January and
July maturity, l2iiR bid, asked; Savan-
nan and Western railroad, per cent. trust
certlncates, 81 bid so asked; savannah,
Americas and Montgomery per cent, 525
bid, 5312 asked; Georgia railroad per cent,
1910 III bid, 1l5 asked; Georgia southern
and Florida first mortgage per cent, 9S4s
bid, 100 asked; Montgomery and Eufaula
first mortgage 6 per cent, tndorsed by
Central railroad los bid 1O7 asked; Angus
ia and Knoxville first mortgage Per
cent, l02 bid, 10S asked; Ocean Steamship
5 per cent, due 1920 "a bid, So asked
Columbus and Rome first mortgage bonds.
inqorsed by Central railroad, = oid, 81
guaranteed, 112 bid, 113 asked; City and Su-
burban railway, FIRST mortgage per cent
81 bid, IS asked Savannah and ATLANTIC
a asSed @sSTsS'SGf eorsi "a and Florida
South Georgia and Florida second
m Tarasadg 81 ~ sa 7 bd vs. asEed
Alabama Midland, 80 bid, 80 asked Bruins
wick and western IS, guaranteed, Il asked
Railroad stocks-Central common, Il
bid. 10 asked; Augusta and Savannah
per cent, guaranteed. 70 bid, 81 asked
Georgia, common, 40 bid, 10 asked
Southwestern Z per cent, guaranteed, in
Central per cent certificates, 2lla bid, 2
asked; Atlanta and West Point railroad
stock, 96 bid, 81 asked; Atlanta and West
Point per cent. certificates, IS bid. o.
Bank Stocks. Ete.-Citizens Bank. ex.
dividend, lOi bid los asked; Chatham Bank
ex,aiydsnd' 5sA IBID BID 4SA u, asked Cd
ed, ex-diyidendi Merchants National
idend; National Bank Of Savannah, 49,
dividend. 80 bid, loo asked; South.
ern Bank of the State of Georgia. 16l
bid, l62 asked sayanpaho Bank and an Trus1
Chatham Real Estate and Improve.
ment Company, ex-dividend, 521s bid
g asked; sayannah T GGgns t,!s
tee and Loan Company. 80 bid
81 asked; Brush Electric Light
and st. Power C9Hmganyl ex,divide end,
Light Company. 2o5S bid. nv asked; savan.
nah Brewery Company, SO bid. "a asked
New York. July 6;-Money on call wa:
at 1Qlla per cent Prime mercantile pa
| nn Startling a
strong, with actual business in bankers
bills at $4. 1884 Gl4S9 for 90 days, and S4.S9% q
40 for demand. Posted rates, 4.S9bhQ
4,gOl6. Commercial bills, A.sI%g4.Ss14. Bal
Government bonds firm; state bonds
were quiet railroad bonds were strong.
Silver at the board sold at 67lc for 1000
New York, July e.-The treasury bal
ances were as follows: Coin, $104 DIG, 900
currency, $645S5,0QO.
ment of the associated banks shows th'
following changes: Reserve, decrease, g.
052, 225; loans, increase, $lS2, 400; specie, de-
crease, 1874 800; legal tenders, decrease, 81,
Ass, 100; deposits, decrease, 563, 100; circula
ton decrease, $4,000. The banks nov
hold s52,17S,7O0 in excess of legal require
ments
New York. July 6.-The New
York Financier says this week
ciated banks Of this city for the weel
.,
important changes. The decrease of 81,
052, 225 in the reserve is a favorable symp
TOM but it is to be doubted whether tn,
reduction in that item, if figured on tn,
actual condition of the banks al the clos,
of the week, would balance with the othel
totals. The statement, as is too often th'
case when made UP on the average" sys
tenn, does not furnish an accurate illustra
ton of the banks condition. The heav,
decreases noted were the result of tn,
July payment of dividends, but it is rea
sonable to suppose that a great deal @
this money has since been returned to thu
banks. together with the government dis
4 bursements making the deposit item
! larger than il appears.
Loans have fallen off, compared will
former weeks, but the increase has no
stopped. as is shown by the expansion o
$lS2400 reported for the past five business
! days. The total decrease in cash holding,
was 81 1873. 900, of which 1854, 800 was speci
and 81, As, 100 legal tenders. The interio
receipts continue heavy, but the bank
report demand for re-discounts from
southern banks, and from other sections
which, under present circumstances, is
/ most gratifying sign.
The money market during the weel
was rather more active than usual, tn
| early contraction forcing rates considera
bly, over per cent, but ii is believed onll
/ temporary 1t has demonstrated on
| thing, however that is worth recording &.
and that is it would not require a grea
change in present conditions to put tn,
market on permanently higher basis
| While no predictions can be made as I,
the possibility of such a change, it shoult
| not be forgotten that the revival in activ
ity, as shown by the resumption of indus
tries throughout the country, the highe
rate OF wages, and the thousand and on
other circumstances tending TO prove tina
the depression in business is over, ar,
all factors which are influencing a bette
money market"
New York, July e.-Noon.-Erie 1oA
Northwestern, 99i4 do preferred, 1874; LAX
shore AS Norfolk and Western preferred
1915; Western Union, 91ih; Southern Rail
way, common, Ass; Southern Railway
preferred. 1875; American Sugar 1l2si; Bal
! tlmore and Ohio. 62i&; Canada Southern
o5ts; st. Paul. 6S5s Rock Island. 72ss; Della
ware and Hudson. 1865; Delaware, Lacba
wanna and Western. 16lA; Manhattan
ll2A; Michigan Central, 100ia; New Yorl
Central, lolR.
New York, July 6-The stock marke
to-day was firm for the railway issues ant
/ decided weak for Chicago Gas. The i'm
proVement in the railroad list ranged from
/ q TO Ia per cent, New England leadin;
/ the upward movement Other issues which
were conspicuous for strength, were South
ern Railway common and preferred, Louis