The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-26


Foreign Exchange-The market was
! firm. The following are net Sa-
/ :alnah quotations. Commercial demand.
- Sts4 sixty days, A@; ninety days.
/ ASJtl; francs, Paris and Havre, sixty
/ days. $ 1875; Swiss. sixty days, s.. Is;
/ marks. sixty days. %.
| Domestic Exchange Banks are
( buying at Is per cent discount and selling
/ as follows For amounts TO SIS. Zoe prem
/ ium; 10 SO. - cents premium; 10 Sl0U, 20
/ cents premium. 10 500, p cents premium,
/ for 500 or over at par.
/ Securitios-The market Is again inactive
| and very duh.
! stocks and Bonds-state Bonds-Geor-
/ gia. 3ia per cent. bonds of 1880 l0lK bid
/ l02 asked: Georgia 80 per cents. due 1915
! 10lh bid. 1914 asked; Georgia AZ per cent
1 bonds, 1915, ll3 bid. ia asked. Georgia
/ 4 per cent, due 1926, l09 bid. 1921 asked;
| South Carolina 4i3s, lOi bid, l0J asked
| City Bouds-A tlanta per cent. Jos bid:
/ l06 afked, Augusta AS, 1925. 1903 bid 1884,
| asked; Augusta per cent, ll4iz bid, 115lh
! asked; Augusta per cent, iii bid 1lIib
| asked Columbus per cent, l03 bid. l0i
| asked; Macon q per cent, ll2la bid, 1884,
| asked Savannah per cent, quarterly Oc-
| tober coupons 1924 bid, 10 asked: Savan-
/ nah per cent, quarterly August coupons
/ l09 bid. l09h asked; Charleston As. 80 bid,
"a asked.
Railroad Bonds-savannah. Florida and
1 Western railroad general mortgage bonds,
| G per cent Interest coupons, 112 bid, ia
| asked; Atlantic and Gulf first mortgage.
| consolidated per cent. coupons, January,
| asked; Central Railroad and Banking
| Company collateral gold 5s, 90 bid
| 30 asked; Central of Georgia
| railway first mortgage 5s, l9i5 bid,
| ll2 asked; Central of Georgia railway
consolidated 5s, 5O-year gold bonds 81
| bid. $50 asked; Central OF Georgia railway
! first preferred incomes, - bid, &c asked;
| Central Of Georgia railway second pre-,
| trail Of Georgia railway third preferred in.
| comes, - bid, asked; Georgia Rail-
road 6s. 1910, 10 bid, Ill asked;
charlotte Columbia and Augusta
first IS, 102la bid, 1882 asked Charlotte,
Columbia and Augusta second MORTGAGE
z III bid, III asked; Georgia Southern
asked; South Georgia and Florida firsI
mortgage Is, JOG bid, asked; South
Georgia and Florida, second mortgage Is
l05 BID. asked; Savannah. Americas
| Ocean Steamship per cent. bonds, 1926
90 bid, IS asked; City and Suburban
railroad hrst mortgage per cent. bonds,
bid, Is asked; Electric Railway Isl
due 1885. 4 bid, % asked; Alabama MID,
land per cent indorsed, ~ bid, % ask
| ed: Brunswick and Western As, - bid. rs
asked; South Bound railroad 5s. bid
Is asked; southern railway SIS. sig bid.
| S2la asked; Georgia and Alabama 5 con.
| soils - bid Y asked
Railroad Stocks-Augusta and Savan-
nah. IS bid, 50 asked ex-div /.
asked; Southwestern, $50 bid. So So
asked. ex-div.; Atlanta and West Point
railroad stock, 80 bid, 100 asked; Atlanta
and West Point per cent. certificates 9S
bid, 80 asked; Savannah Construction
Company - bid, 1872 asked
Gas Stocks-Savannah Gas Light stock
% bid, p asked, eN-div,; Electric Light
and Power Company, So bid 60 asked. ex-
| div.
Bank Stocks. Executions Bank. III
| bid, 111la asked, eX-div.; Chatham Bank
| AZ bid, As asked, ex-div.; Germania Bank
NJ,
| tional Bank, 30 bid "a asked National
Bank of Savannah, 1871 bid, 1872 asked ex-
div; Oglethorpe Savings and Trust Com
pany, l04 bid, l05 asked, ex-div.; South
eTn Bank of State of Georgia. 1874 bid,
| 1854 asked eX-dty.; savannah Bank and
| Trust Company, 1O6 bid, 1914 asked, ox-
| div; Chatham Real Estate and Improve
| ment Company, A, 50 bid, 53la asked; b,
| 50 bid, 50lk asked, ev-dlv.; Peoples Savings
and Loan Company, Sl1a bid. 92la asked.
| Factory Bonds-Augusta Factory IS 100
! bid lO3 asked; Sibley Factory Is 100 bid
| 1902 asked; Enterprise Factory 6s 1O3 bid.
/ lO4 asked; Eagle and Phenix Manufac-
turing Company, per cent. bonds, - bid.
| Factory Stocks-Savannah Cotton Fac
| tory, - bid, so asked; Augusta Factory,
| n bid. 50 asked, eX-div.; Granitevile Fac
| tory, 145 bid, $50 asked; Langley Factory,
| los bid ITO asked; Enterprise Factory,
| common, IS bid, l02 asked, eX-div.: J. p.
| King Manufacturing Company, los bid.
! 10S asked Sibey Manufacturing Compa-
| ny, 70 bid. 7S asked; Savannah Brewing
| Company, - bid. 70 asked.
| London July 25.-Bar silver, 31asd. Con-
soils closed l13 for both money and account
| Paris advices quote 3 per cent. rentes 10l
| francs, Ula centimes for the account.
| New York, July 25.-Money on call was
| at ? per cent. Prime mercantile paper 81.
| M6 per cent. Sterling exchange was steady
| with actual business in bankers bills at
| $4.S7@4S7& for sixty days and $4.SS121i4 1854
| for demand. Posted rates. S4.SSGf4 SO. Com
| mercial bills, A.S6AW4S7A. Bar silver
ont
| bonds We're quiet and railroad bonds were
| steady. Silver at the board steady.
New York, July 25-The treasury bal
ances We're as follows; Coin Sll7, 43S 13S
New York, July 25.-The weekly state
| ment of associated banks shows the fol
| lowing changes: Reserve decrease. So
g73 AS; loans decrease, s.. 3O1. 600; specie
decrease. Sc. 102, 100; legal tenders, decrease
1929, 600; deposits, decrease, So So. 900: cir.
! culation, increase, S77 800. The banks now
hold $lS499,550 in excess of legal require
| ments.
New York. July 25-The Fnancier saws
this week: Some of the heavy changes
| reported in months mark the statement OF
| the clearing house banks for the week end.
ing July p. The total. however, are
not abnormal when the events of the past
| seven days are thakcn into consideration
In the first place NO00.000 in specie was
| exported during the week ending Satur-
! day and the effect OF this heavy reduc-
ton, owing to the system OF averages. was
not shown in the statement Of the week
| previous. For the same reason the trans.
fer of over $000000 in gold from the banks
| into the sub-treasury viii not be noted
| in its entirety until next week In the
| same manner the decrease of $l2. $50. 800 in
| net deposits. with a contraction of only
| S5,301 600 i'm loans hinged on the sold ex-
ports-at least the only plausible expla.
| nation is that the exports of specie rep
! resented Withdrawals Of foreign deposits
! IN this market. If this is the case. The
! heavy reduction in deposits, seem clear
| enough, since loan contractions and for
| eign Withdrawals which make total
/ which corresponds with this decrease. The
/ contraction in loans amounting TO IS SOi
! goo was much larger than had been anti
| cipated. but the history OF the current
| week in stock exchange transactions. is
| too recent to refer to IN this connection
| Stin the liquidation in call loans was
| thought to have been counter balanced to
! some extent by the demand for longtime
money but the statement proba bly, shows
| shifting movement which Will be palmer
next week. The banks at the opening OF
the season. when money for crop purposes
/ is needed. have a reserve slightly exceed
| ing $Su9e0. as against total excess
holdings Of over $lQ,0QoQQ0 at this time las