The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-20
FINANCIAL.


FINANCIAL.
Money Is easy; demand fair.
Foreign EXchange-The market was
weak. The following are net Savannah
quotations. Commercial demand. As6aa
sixty days. %s5A; ninety DAYS, N.s5is
S5.2Oi2; Swiss, sixty days, S5.Gst marks,
sixty days, "a 1916
Domestic Exchange-The tone or the
market is steady. Banks are buying at
3-l6 per cent discount and selling al par
up to $500; for $500 and over. lie per cent.
discount
with light offerings all round
Stocks and Bonds-State Bonds-Georgia
Sls per cent. bonds, of 1880. l02 bid. 1921
ioi& bid i02 asked; Georgia lib q per cent eyf'
bonds, 1915, 1lii5 bid, ll5ia asked: Georgia
Smiths, maturity. 1896, l08 bid, l0l asked;
South Carolina 41as. 1861 bid 1914 asked
City Bonds-Atlanta per cent, lis bid.
asked; Augusta 4ias 1928, 1906 bid, l07
asked, Augusta Z per cent, 1l3 bid, ia
asked; Augusta per cent. 10 bid. Ill
asked; Columbus per cent, 1914 bid, -
asked; Macon 6 per cent, lis bid, ZIG
asked; Savannah per cent. quarterly
January coupons, 1914 bid, - asked; sa-
vannah per cent, quarterly November
coupons. los bid. lOSia asked Charleston
As. IS bid, 90 asked.
railroad Bonds-Savanna Florida and
Western railroad general mortgage bonus
per cent. interest coupons. lllla bid, 1l5ik
asked; Atlantic and Gulf first mortgage,
consolidated z per cent. coupons, January
and July maturity, 1897, 104 bid, 105 asked /.
Central consolidated mortgage per cent.
l2Sia bid. asked: Central Railroad and
Banking Company, collateral gold 5s, 81
bid, asked; Georgia railroad IS, 1910. III
bid. 1l2 asked; Charlotte, Columbia and
Augusta first IS, Jos bid. 10Sia asked !:
Charlotte. Columbia and Augusta second
mortgage Is, ll5 bid, ll6 asked; MOntgOm-
cry and Eufaula first mortgage indorsed
6 per cent, ia bid 1852 asked: Georgia
Southern and Florida first mortgage D per
.Na.fE Ia. 4 a.
Georgia Southern and Florida new 5s 30
bid, 1914 asked: Savannah and Atlantic IS
indorsed 50 bid, asked; South Georgia
and Florida first mortgage as, Jos bid,
l09 asked; South Georgia and Florida sec
ond mortgage rs, lOl bid, asked; SaFan-
nah and Western IS, trust certificates. in
dorsed by Central railroad 66 bid o.
asked; Savannah, Americas and Mont
gomery 6s, 40 bid, 80 asked; Ocean
Steamship per cent. bonds, 1920 81 bid, 80
asked; Columbus and Rome iirst, indors-
ed. SIS, - bid. 81 asked; Columbus and
Western per cent. firsts, guaranteed ll6
bid. = asked; Augusta and Knoxville rail-
road per cent. first mortgage bonds,
1ls bid, - asked; city and Suburban rail-
road first mortgage per cent. bonds. =
bid. 81 asked; Electric Railway IS, due 1885.
Il bid, 81 asked Alabama Midland $ per
cent. indorsed, IS bid 96 asked; Bruins
wick and Western As, 72lz bid. "a asked !:
South Bound Railroad 5s. 76 bid. IS asked
Railroad Stocks-Augusta and Savan-
nah, 50 bid. 30 asked: Central common.
1919 bid IA asked; Georgia common, 1863
bid, 100 asked; Southwestern, 9l1a bid. -
asked; Central s per cent. certificates,
Point Railroad stock, 80 bid, 1907 asked; :
Atlanta and West Point 6 per cent. GER
tificates, 1914 bid, 100 asked.
Gas Stocks-Savannah Gaslight stock.
2Olh bid, q asked; Electric Light and Pow
er Company 60 bid, 81 asked.
Bank Stocks. Etc.-Citizens' Bank, 100
hid ITO asked: Chatham Bank. 40 bid.
1917 asked Germania Bank, 107 bid, 100
asked; Merchants National Bank. 1c3
bid, lO4 asked; National Bank Of sa-
vannah. 1872 bid. 1913 asked; Oglethorpe
Savings and Trust Company. 100 bid. 101
asked; Southern Bank or the State OF
Georgia, 164 bid, 1855 asked; Savannah Bank
chatham Real Estate and Improvement
Company A, SO bid, 531a asked: b. 5O% bid.
5lA asked; Savannah Construction Com
pany, n bid, 80 asked: Title Guarantee
and Loan Company, 30 bid. IS asked.
Factory Bonds-Augusta Factory SIS,
10l bid 103 asked; Slbley Factory Is, lol
bid, l03ih asked; Eagle and Phoenix Manu-
featuring. Company per cent. bonds, IS
bid, 80 asked.
Factory Stocks-Savannah Cotton Fac
tory, 81 bid, 60 asked; Eagle and Phoenix
Manufacturing Company, Y bid, Is asked;
Augusta Factory, 75 bid. rs asked: Gran
iteville Factory, $50 bid, - asked; Langley
Factory, 1Ol bid, JOS asked; Enterprise
Factory, common, 95 bid, % asked; ]. +.
King Manufacturing Company, lg3 bid, 1O5
asked; Sibley Manufacturing Company,
n hid 90 asked: Savannah Brewing Com
pany, - bid 80 asked.
New York, oct. 19.-Money on call was
nominal at 2l2 per cent.
Prime mercantile paper 5h96 per cent.
Sterling exchange easy, with actual bus
mess in bankers bills at A.87hM487l9 for
sixty days. and S4SS04.SS1z for demand.
Posted rates. A.SS04.89.
Commercial bills, $4.S6hG4.a.
Bar silver. 67$sc.
Government bonds steady; state bonds
dull; railroad bonds lower.
Silver a the hoard quoted at GTILGI
Sew York. oct. 19.-The treasury bal
ances were as follows: Coin, $9l, OA, 600;
New York Oct. 1s-The weekly statement
of the associated banks shows the follow
ing changes:
Loans, decrease -........-........... 2,2S5, 100
Specie. increase .................... 2,990,O00
Legal tenders, decrease .......... 1850
Deposits, decrease ................. ], 567, 100
The banks now hold $l5.3s0,175 in excess
of legal requirements.
New York, Oct. 19.-The New York Fl
nancier says this week: For the first
time since Sept. ] last the weekly state
ment Of the associated banks Of New
York city shows an increase in the reserve
10 being 81 ,203,275. The net increase in
cash reported amounted to only 1911, 500
s51 800, as against 75,S67000 for the first
of the year. The legal tender accoun;
also shows the effect of the cotton crop
movement, the total amount reported for
the week just ended being $50. 509. 900. The
largest holdings of legal tender reported
by the New York banks this year was
sf19, $50, 500, which amount was reported on
Aug II last. There has been steady de-
crease up to the present time the loss N
round numbers being 1913 100000, or a the
rate of over 100000 per week. There was
a decrease in the loan item for the curren.
week of 2.285, 200, due probably to me--
camille settlements and the calling in OF
loans by banks which had fallen below
their required reserve. The reserve Item
in fact, has been one Of more than or
binary Importance Of late. owing to sever
al causes which have operated to Place
some of the banks In a position where :.
contraction of loans was imperative Tho
total loans of the New York banks have.
shown a decided falling off in the las;
six weeks the total Of 1925. 300 reported
oct 49, comparing with S5lS, 2e5, 500 on Sept
Z a decrease of over $4 G00.C00. The money
needed for crop purposes she VS. no dimin-
ution from last weeks average. the ac-
tuai rsmittsnces amounting to something
like 100000 per week There is no reason
to believe that this moving is liable to