The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-22

FINANCIAL.
Money-Steady.
The bank clearances for the past week
We're s.. ISi,66S5I, against Sl.7l0 00S.6i for the
five days Of the same week last year.
Foreign EXchange.-The market was
steady. The following are net Sa-
vannah quotations: Commercial demand
M.S9&; sixty days, AS644, ninety days.
days, $500; Swiss sixty days, IS 2l5s;
marks. sixty days. 9j2s.
Domestic Exchange.-The tone Of the
market Is quiet. Banks are buying at
par and selling at l-10 per cent. premium
for amounts TO 1000 and over.
Securities-The securities of the Cen
trial of Georgia railway are being dealt
in at quotations. Southwestern railroad
stock is active and firm at the advance
Stocks and Bonds-State Bonds-Geor-
gia, 3l2 per cent bonds OF 1880, l01 bid.
1918 asked; Georgia 3l5 per cents, due 1915,
luZ 6ld' , I'VE asked Georgia AZ per cent.
South Carolina 4l2s. 107 bid. los asked
City Bonds-Atlanta Z per cent, 107 bid,
JOS asked; Augusta 4las, 1925 l05 bid. JOG
asked; Augusta Z per cent, 1l3 bid, ia
asked; Augusta 6 per cent, III bid, li2
asked; Columbus 8 per cent. 103 bid 10i
fsks ssfed Mse9n per re een iS s
~ April coupons, l09 bid, asked; Sa
coupons, loSA bid, 1884 asked; Charleston
Railroad Bonds-Savannah Florida and
Western railroad general mortgage bonds
6 per cent interest coupons ll3 bid, ia
consolidated 7 per cent. coupons, January
and July maturity, 1891, l02 bid, 1903 asked:
Central Railroad and Banking Company,
collateral gold IS, SO bid, 30 asked: Central
II Georgia railway first mortgage 5s, 1915.
III bid, ll2 asked; Central of Georgia rail-
way consolidated 5s. 5O-year gold bonds.
81 bid, SO asked; Central OF Georgia rail-
way. first preferred incomes, 30 bid, 80
asked Central of Georgia rail-
Ws2ly n,5 second ps preferred ert Incomes g;
Georgia hallway third preferred in
road c. 1910 iii bid. 1l2 asked; Char
los bid, 107 asked: Charlotte, Columbia
and Augusta second mortgage Is, 1i2 bid.
1l3 asked; Georgia Southern and Florida
new IS, 932, bid, IS asked; South Geor-
gia and Florida first mortgage Is, los bid.
- asked; South Georgia and Florida sec
ond mortgage Is. 1Oi bid, asked; Sa-
IS bid So asked: Ocean Steamship per
cent. bonds 1890, 80 bid, 100 asked City
and Suburban railroad first mortgage z
per cent. bonds 5els bid. % asked: Elecc-
Alabama Midland per cent. Endorsed, -
bid, 80 asked; Brunswick and Western As,
= bid, % asked; south Round railroad 5s.
70 bid, 76is asked; Southern Railway IS,
90 bid. SO asked
Railroad stocks-Augusta and Savan-
nah. 93i5 bid. 9ils asked; Georgia COM
mon, 1855 bid. 40 asked; Southwestern, 93lk
bid. 9iA asked; Atlanta and West
Point Railroad stock, 80 bid, lOl asked !;
Atlanta and West Point 6 per cent GER
tiicates 80 bid, 100 asked; Savannah Con-
struction Company, IS bid, 76 asked.
Gas Stocks-Savannah Gaslight stock,
% bid, % asked; Electric Light and
Power Company, 81 bid, 60 asked.
Bank Stocks Etc.-Citizens Bank,
~ OBJ BID, . asked adHs Germa aa Ba ank
Bank, 1O2 bid, 1903 asked; National Bank Of
thorpe Savings and Trust Company, lO5
bid, lOG asked; Southern Bank of State
of Georgia, lGS bid, 1863 asked; Savan-
nah Bank and Trust Company, 106 bid.
1917 asked; Chatham Real Estate
and Improvement Company A, 531a bid.
81 asked; b, 81 bid. SLY asked /;
Peoples Savings and Loan Company, 92z
bid, 93lk asked.
Factory Bonds-Augusta Factory 6s.
1921 bid, 1O4 asked; Sibley Factory IS, 100
bid 1O1 asked; Enterprise Factory SIS, 105
bid, 106 asked; Eagle and PheniX Manu-
featuring Company, per cent. bonds so
Factory Stocks-savannah Cotton Fac
tory, 60 bid GA asked Eagle and Phenix
Manufacturing Company, y bid, asked 4;
Augusta Factory, n bid, so asked; Gran
teville Factory, 1855 bid, 1853 asked; Lang
ley Factory, 10S bid, ITO asked; Enterprise
Factory, common, lOl bid, l4 asked i;
j. +. King Manufacturing Company, 108
bid, 10 asked; Sibley Manufacturing Com
pany, 50 bid, SO asked; Savannah Brewing
Company. "a bid. 50 asked.
London, Feb. M.-Bar silver closed S1sd ;
consols 100 1-6 and 1924 for the account.
Paris advices quote per cent rentes 102
Soc for account.
New York, Feb. 21-Money was easy at
3Q4 per cent; the last loan was at per
cent, and at the closing was offered at
3 per cent. Prime mercantile paper, 617c.
Silver, 67Ac; sterling easier at actual
business in bankers bills, 81 86I4. 8S1b; sixty
days S4S7A Posted rates, AS76I4S S5h.
Commercial bills A.851s4486. Government
bonds firm; state bonds were quiet; rail-
road bonds were strong; silver at the
board was higher.
New York, Feb. 21.-The statement of
the associated banks for the five days end
ing to-day, shows the following changes
Reserve, decrease ..................S8,19l ,S25
Loans, increase ...................... 6,052 700
Legal tenders, decrease ............ 2.579, 400
Deposits decrease .................. $500, 800
Circulation, increase ................ 10000
Banks now hold in excess of le-
gal requirements .......:.......... q, 627. $50
The Financier says this week: The
statement showed reduction in the total
reserve of sS,19l ,825, bringing the total sur
plus reserve to $2S, 627 $50. Comparison with
the statement of one year ago is interest
ing at the present time. On Feb. 8, 1895, a
contract was made with the Morgan syn
dictate for $e2 100000 worth of bonds The
banks then held $S3,766 225 above their le-
gal requirements and money was loaning
on call al between ! and 2 per cent. The re-
serve then began to shrink and for the
corresponding week one year ago, stood
at practically the same figure as reported
Friday. Despite the fact that the shrink
age in the reserve continued until April l.
when Il stood at only $4,000, 600 call money
never averaged more than 21a per cent, or
Y per cent. less than quoted last week,
id Do