The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-08

I = o.
asked; Chatham Real Estate and I'M
provement Company, A, IS bid, 5Sia asked;
! b. 81 bid, 5l1s asked: savannah Construc-
ton Company, Is bid, so asked; Title
Guarantee and Loan Company, 80 bid, =
Factory Bonds-Augusta Factors. Is
los bid, l04 asked; Sibley Factory IS, los
bid, 1O4 asked; Enterprise Factory 6s lO4
bid, 105 asked: Eagle and Phoenix Manu-
featuring Company per cent. bonds. IS
Factory Stocks-Savannah Cotton Fac
tory, GA bid, IS asked; Eagle and Phoenix
I Manufacturing Company, 25 bid, asked;
iteville Factory, 100 bid. l62 asked; Lang
ley Factory, 107 bid. los asked; Enterprise
Factory, common, 100 bid, 1Ol asked; J. p.
King Manufacturing Company, loo bid, los
asked; Sibley Manufacturing Company,
50 bid, So asked; Savannah Brewing Com
pany. Did. 81 asked.
New York, Dec. Money on call was
at 1l2N2 per cent. Prime mercantile pap
er, 4l2Q5i2 per cent.
business in bankers bills, at SiS7$4 04SS
for sixty days and S4S9 for demand. Post
ed rates. Si.S9G49O.
Bar silver, 667sc.
Government bonds steady; state bonds
were dull; railroad bonds were lower.
Silver at the board was dun
New York, Dec. THE treasury bal
ances We're as follows: Coin, SSO,9S6,O5 {;
currency. 500, $50, 2i9.
New York, Dec. THE weekly state
ment of the associated banks shows the
| following changes: Reserve, increase
/ 81, $50, 975; loans decrease, S2OS 500; specie
! increase, 81, 220, 400; legal tenders, increase
| $685., 200; deposits increase, 1896. 500; circu-
| lation, increase, $4l, 100. The banks now
hold $50, 1925 in excess of legal require
/ ments.
New York, Dec. 1.-THE New York
! Financier says this week; 1.-The state
ment of the associated banks of New York
city for the week ending Dec. shows a
/ continuation of the liquidation in loans
| which has been a market feature of this
statement for twelve weeks past. The
| decrease in the loan item for the six days
/ covered by the report was only sos, 800 il
| is true but the total reflects sharply the
! falling on since Sept. IA, the loss in the
| time mentioned having been no less than
| ing Dec. is only 100000 in excess OF
! the lowest point recorded during the pres
| ent year, or on April last. If the gold
export of Saturday had been figured in
| the statement deposits would have shown
/ a decrease, but for the heavy
movement in the interior This expansion
| promises to continue for some time to
! come if the democratic exchange figures
| are a criterion. Chicago quoted New
| York exchange early in the week as high
| as IS and 80 cents. and there have been
| advances elsewhere through the west. AL
| though the recent increase in express cur
/ rency rates may have had something to
do with this, the movement toward New
| York has undoubtedly developed strength
and the losses through treasury opera
| tons are to a great extent offset by the
| flow of money to this point.
OF the cash Increases, it might be noted
| that 81, 220, 400 of the total amount was
| in specie, the total now held by the New
York banks aggregating So, 81 800, or a
gain of nearly 100000 since Oct r. The
total gold holdings, however, are $4,000
600 less than reported last February.
| Whether the recent gain has any signih-
canoe is doubtful
The averages show the following com
| pared with the last two years:
Dec. z, '95. Dec. g. '94 Dec. g. '93.
Loans $50. $4,000 $5O7, 500 $f2, SiS,6OO
Specie 6l,Sn, $50 $4,000 500
Leg'l ter SS,SA,O0O 1l5.2452OO 94,s5s,5OO
posits :. 52i,s $500 5ss.O5O,2OO 492 500, 300
ton ..... 14OaOOO n.185,1OO 1s.eO2,lOC
serve :. l5On5.sCo 14A52O 1ss,7es,OOc
quired :. so42l.s25 1n.5l2,55O 12a2OO575
reserve 9O,2si,275 82,sO2.s5o 1856, l25
New York, Dec. 7.-Noon.-Erie. I2Is,
H ol,e SsS9a 1868 do preferred 49,
| preferred, 10: Western Union, S7&
Southern Railway common, los; do pre-
ferred, 3Sla; American Sugar, l063s; Balti-
more and Ohio, 505h: Canada Southern.
5419 st. Paul, 75ls; Rock Island, 1873 Della
| ware and Hudson, lZ9B; Delaware, Lacka-
wanna and Western 1851; Manhattan.
| Central, 99M.
New York, Dec. THE suspension of
| dividends on the common stock by the
American Tobacco Company officials an
| nounced this morning was a big surprise
! to the holders of that stock At the open
| Ing hundreds of brokers gathered round
! the Tobacco post and the first reported
| transactions were 5000 shares at Is down
| to 20 The break was succeeded by a rally
| to %, but the outpouring of long stock
| carried the price on to 675s. The abrupt
! action of the directors was the subject OF
much adverse criticism, but officials re-
| fused to discuss the matter On behalf OF
| the insiders ii was said that the fight with
| their western competitors was a bigger
| undertaking than generally supposed and
! that as a matter of precautiOn Il was q
! wise thing to husband the company's re-
| sources. The company, since it's organiza-
! ton has II per cent, on the common and
| per cent. on the preferred. The first i'm
| pulse of holders of the other industriais
| was to get out of their stocks and a drou
| of y to IA per cent. followed. Subsequent
| ly, sustaining orders came in in Sugar and
! Chicago Gas, and the former rose from
| 1855 to 1881, and the latter from 6SA 10
20. The rise In Sugar was partly due to the
advance of Lice per pound m certain
grades of refined. The general railway list
was not effected by the sensational break
in Tobacco. and ruled steady throughout
! The advance in coal rates from the mines
4 to western point. the reduction in gold
cancelled their order for 100000 bars, and
the easier condition of sterling exchange,
| all tended to keep the market for railways
| steady. In the closing dealings Tobac-
co sold at its lowest, Sugar ran off to i0515
! Chicago Gas to 50, and Leather preferred
/ to 60. Speculation left off irregular. Net
| Tobacco. and A@22 in the other indus
trials. The railway list with few cXcep-
tons, showed gains of AqA per cent.
Bonds were lower. Sales were $52S 600. The
sales Of listed stocks aggregated 10.S1i
shares, and of unlisted stocks. 1902
! shares.
New York Stock Llst-Closing Bids
Stocks and Bonds-American Cotton OIL.
171a; do preferred, So: Sugar Refinery. 1O63s
do preferred, 80: American Tobacco. 671s
! do preferred, 81; Atchison. Topeka and
Santa Fe, 1875; Baltimore and Ohio, J0I5
/ Canada Pacific, So; chesapeake and Ohio,
/ ia; Chicago and Alton 1853; Chicago, Bur
Ington and quincy, S22s; Chicago Gas. 60;
! Della ware, Lackawanna and Western,
/ 1854 Distilling and Cattle, 1855; Erie, 1919
/ do preferred, 2; Edison General Electric.
81; illinois Central, 81; Lake Erie ana
/ Western, 221z; do preferred, 731z; Lake
\ Shore $50; Louisville and Nashville, SIS
/ Louisville and New Albany 8; Manhattan,
! 1C0h Memphis and Charleston, 70; Michi-
! gan Central, 1885, Missouri Pacific. 29lh
/ Mobile and Ohio. 81 Nashville. Chatta-
! nooga and ST. Louis, Is; United States
/ Cordage, Ga; do preferred, 10; New Jersey
/ Central 106; New York Central $685. New
York and New England. 81; Norfolk anC
/ Western preferred. 49, Northern Pacinc.
/ AZ: do preferred 1915: Northwestern, 10jj5;
I do preferred. 149; Pacific Mail, %; Read