The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-05-10
FINANCIAL.
Mnnav-SteadY.


FINANCIAL.
Money-Steady.
Foreign Exchange-The market was
nah quotations: Commercial demand
$.SSA; sixty days, $4S7A; ninety days,
$i.S67sc; francs, Paris and Havre, sixty
days, Sis; Swiss, sixty days, S5.195s;
marks. sixty days. 50 Lie.
Domestic exchange-The tone of the
market is quiet. Banks are buying at
par and selling at lilo per cent. premium
for amounts of $1,000 and over.
SecuritieS-The market continues very
quiet and inclined to dullness. 1t is diff
cult to effect trades; quotations are almost
Stocks and Bonds-sta.e Bonds-Geor-
gia, 312 per cent. bonds of 1880, 102 bid
1Olls bid, 1922 asked Georgia Is. Smiths.
maturity 1896 1912 bid. 1921 asked; Georgia
4l1 per cent; bonds, 1915, 1l4is bid. lis asked;
South Carolina 4l2's, los bid 100 asked.
City Bonds-Atlanta z per cent, l07 bid
Jos asked; Augusta 415s, 1925 lO4 bid, los
asked; Augusta per cent, ia bid, 1151a
asked; Augusta per cent, 112 hid, 1i5
asked; Columbus per cent, 103 bid, .04
asked; Macon per cent, 1l412 bid, 115k
asked; savannah per cent, quarterly
July coupons. Jos bid 1851 asked; Savan-
nah per cent, quarterly August coupons
los bid, 1852 asked; Charleston is, So bid,
Railroad Bonds-SavaI nah Florida and
western railroad general mortgage bonds
6 per cent. interest coupons, 1l2 bid, ia
consondated per cent coupons, January
and July maturity, 1897, 1O21b bid. 1G3
asked; Central Railroad and Banking
96la asked; Central of Georgia
ii2 asked; Central Of Georgia railway yiG;
consolidated IS, 50-year gold bonds S7Ib
bid, 1912 asked; Central of Georgia railway
first preferred incomes, 2915 bid, 3Ola asked;
Central of Georgia railway second pre-
tral of Georgia railway third preferred in
comes; 3 bid 10 asked; Georgia railroad
IS 1910, E ~ bid llS asked;
irst IS. los bid. io51k Aa asE Eeea
Charlotte, Columbia and Augusta second
mortgage rs, 10 bid, 116 asked; Georgia
asked; South Georgia and Florida firs1
mortgage Is, 1O6 bid, asked; South
Georgia and Florida, second mortgage IS
1O5 bid, asked; Savannah, Americas
and Montgomery IS. 70 bid, ii asked:
ocean Steamship, 5 per cent. bonds. 1920
railroad first mortgage Z per cent. bonGs
76 bid, "a asked; Electric railway rs
due 1885, 1872 bid, 2l15 asked; Alabama Mid Idi,
land per cent. indorsed, IS bid, 80 asked.
Brunswick and Western, As = hid *
asked; South Bound railroad SIS - bi6
Is asked; Southern Railway IS, 91I5 bid'
s212 a IS eij G q a ana Alabama con-
Railroad Stocks-Augusta and savan-
nah, 90 bid, 921a asked; Georgia common
1853 bid, 17S asked; Southwestern, 81 bjd'
911a asked; Atlanta and West Point rail,
road stock, 101 bid, 1O2 asked; Atlanta and
West Point s per cent. certificates, 1OiH
bid, 102 asked; Savannah ConstrIction
ton Company 741a bid, 751a asked.
Gas Stocks-Savannah Gas Light stock.
2212 bid, % asked; Electric Light and Pow,
er Company, 621s bid, 63A asked.
Bank Stocks, Eac.-Citizen's Bank, liz
bid, 1872 asked; Chatham Bank, 49K bid,
so asked; Germania Bank, 109 bid. Il6 ask
ed; Merchants National Bank, 1O2 bid
103 asked; National Bank of Savannah
1874 bid, 1S5 asked; Oglethorpe Savings
Southern Bank of State Of Georgia III bid
172 asked; Savannah Bank and Trust Com
pany 1882 bid, 1922 asked; Chatham Real
Estate and Improvement Company, A, 81
bid, 541a asked; B, 81 bid, sly asked; Peo-
80 asked.
Factory Bonds-Augusta Factory IS. 104lb
bid, 106 asked; Sibley Factory 6s, 1Ol1h bid
1882 asked; Enterprise Factory S. 105 bid
100 asked; Eagle and Phenix Manufactur-
ing Company, per cent. bonds, n bid, 81
Factory stocks-Savannan Cotton Fac
tory, - bid, SO asked; Eagle and Phenx
Augusta Factory, Is bid, Is asked; Gran
iteVille Factory, $50 bid, 1856 asked; Lang
ley Factory, 108 bid, 10 asked; Enterprise
Factory, common, 100 bid, los asked; ]. P.
King. Manufacturing Company, los bid, 10
asked; Sibley Manufacturing Company, rs
bio, 50 asked; Savannah Brewing Company
London, May s.-Bar silver, Bid; consols
closed at Ill lis for money and 111% for
cent rentes, 1O3 francs so confines for the
New York, May 9.-Money on call was
easy at per cent. Prime mercantile paper
5Q51a per cent Sterling exchange, barely
steady, with actual business in bankers
b bills $4S724Q4SS for sixty. days;
$4.S8S4Q4.S9 for demand. Posted rates
"a; S81zQ4. S95a. Commercial bills, $48634G
4.S712. Bar silver, 677sc; Mexican dollars,
53ssc: Government bonds steady; state
bonds dull; railroad bonds firm; silver at
the board was neglected.
New York, May 9.-The treasury bal
ances were as follows: Coin. $12O, 200, 148;
New York, May 9.-The weekly state
ment OF associated banks shows the fol-
lowing: Reserve, decrease, 81, 701, $50; loans,
increase So, 1888, 200; specie, increase, $36, 9OO
legal tenders, decrease, 81, 835, 200; deposits
increase, 81, 400; circulation decrease S19
800. The banks now mold $50, 243, 125 in eX-
cess of legal requirements.
New York, May 9.-The Financier saws
this week: The statement of the asso-
ciated banks for the week ending May
is in marked contrast with the one pre-
ceding The change is due mainly to the
continued exports of gold, which have
drawn from the banks large amount of
funds, which otherwise would have been
counted in the excess reserve. The note
worthy expansion in loans, amounting for
the week to S. 1893, 200, was also an appre-
ciable factor in this connection, and was
one of the most favorable features of the
statement, indicating, as it does, a de-
mand to a great extent from mercantile
sources. The market for loans during the
week was on a steadier basis, despite the
gold shipments, and the demand for com
mercial paper is without doubt increasing
and the business of the banks has taken
on a broadening character in consequence
Another event which has had a bearing
on the situation has been the paying into
the sub-treasury several millions by the
depository banks, so that, altogether. the
weeks operations prevented an accumu-
lation of interior funds which are still
moving heavily in this direction, and re-
q