The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-04

- H. I'm NNl
first preferred incomes. - bid. % asked:
Central of Georgia railway second pre-
trail of Georgia railway third preferred in
comes. bid, 3 asked Geors.1 Railroad
IS. 1910. 10 bid, IN asked;
Charlotte Columbia and Augusta
first IS. los bid. 1881 asked; Charlotte.
columbia and Augusta second mortgage
Z. III bid. III asked; Georgia southern
and Florida new 5s' %.e bid. 9il2
asked; South Georgia and Florida first
mortgage Is, 106 bid, asked; South
Georgia and Florida, second mortgage Is,
lO5 bid, - asked; Savannah. Americas
and Niontgomery IS. $50 bid, G9ia asked ,
ocean Steamship per cent bonds. 1926.
81 bid, IS asked; City and Suburban
railroad first mortgage per cent bonds,
&c bid. rs asked; Electric railway l. 5s.
land 5 per cent. indorsed. 92'3 hid, 93i4 ask
ed: Brunswick and Western IS. - bid, %
asked; South Bound railroad 5s, bid,
Is asked; Southern railway IS. 81 hid.
% asked: Georgia and Alabama con-
soils, 7S bid "A asked.
Railroad StoCks-Augusta and Savan-
nah, 1884 bid, si'7 asked Georgia common,
no bic. = . asked; Southwestern. 81 BID,
% asked. Sx-div ATLANTA and West Point
railroad stock. 80 bid, 100 askcd.Atlanta and
West Point per cent. certificates ~
bid, sS asked; Savannah construction
Gas Stocks-Savannah Gas Light stock.
22iL bid 23Ib asked: Electro Light aud
Power Company, 60 bid, 81 asked eX-div;
ham ham Bank. 49, bid. AZ asked. ex.
div; Germania Bank, l06 bid, l0 asked ex-
div: Merchants National Bank 92la bid,
gS asked: National Bank of savannah
lS1 bid. 1872 asked; ex-div. Oglethorpe Saw
ings and Trust Company. lOi bid, 1919 ask
ed. ex-div.: Southern Bank of State of
Georgia, 1914 bid, 1857 asked. eN-div ;
Savannah Bank and Trust Company, 1868
bid. 1914 asked, eX. div; Chatham Real
Estate and Improvement Company. A, 53i :
bid, "a asked; B, so bid, 5Ola asked eN-div
Peoples Savings and Loan Company, 9lA
bid. 92iA asked
Factory Ronds-Augusta Factory 6s, 1902
bid. 1903 asked Sibley Factory 6s, lO2 bid.
100 asked: Enterprise Factory Is, lO3 bid,
l94 asked Eagle and Phen-X Manufactur-
ing Company, per cent. bonds - bid, "a
Factory Factory stoclOs-savannah Cotton Fac
tory bid, 20 asked Augusta
Factory rs bid, Is asked; Gran
iteville Factory, $50 bid lh5 asked; Lang
Factory, common, 100 bid 100 asked; u
p King Manufacturlng Company, los
bid 10 asked: Sibley Manufacturing Com
pany rs bid as asked: Savannah Brewing
Company, - bid. 70 asked.
London July 3-Bar silver, S12sd. Con
soils, l13 GIG for money and 1875 for the
account.
New York. July 3-Money on call was
easy a 1lad21a per cent; the last loan
was at per cent, and at the CLOSING
was offered At . per cent. Prime mercan-
tile paper, 5d5l2 per cent. Bar silver
6Sibc Sterling exchange was steady, with
actual business in bankers bills a AS7h
for sixty days and $4.SS for demand; pos E
| $4s6G4 S6l9 Government bonds were firm
| state bonds We're dull; railroad bonds
were higher. Silver at the board was
steady.
New York, July 3-The treasury balance.
were as follows: Coin, Sl09, 26S, 579; curren
| cy, 1854, O64,652.
New York. July 3-The weekly state
ment of the associated banks shows: Re
serve, decrease, $l5S9,050; loans increase
| 81 900 900; specie. decrease, $4,000; legal
! tenders, decrease, 1922 600; deposits In
! crease, S2,O72, 200; circulation, decrease
| $2S, 600. The banks now have s620,3 "a,
! in excess of legal requirements.
New York, July 3.-The New York
| Financier says this week: The princi-
| pal items in the statement of the asso-
| ciated banks of New York for five days
ending July were the increase of ST.
| OIL 900 in cash and the expansion of ST.
100000 in loans. The July settlements
| have Influenced the totals to a greater or
| less extent and the increase of $2072.-
200 in deposits probably resulted from
the shifting of funds incident TO this
period. The increase in the loans was a
favorable feature, but 1t rejected stock
thing else, and the statement as a Whole
must be interpreted as the rusult of av-
erages made caller in the week, and not
as an exhibit of the banks real condi-
ton on the day the statement was made
public. 1t is noteworthy OF remark thar
the banks suffered a decided loss in cash
as compared with a gain of over $1,000, 01o
during the previous week, and since the
price of domestic exchange at interior
points has shown a decided falling off,
the latter factor Is to be taken as indi-
eating a partial cessation of the move
ment which has been going on since early
this season, and which has added so
largely to the amount of cash In the
banks. The movement from the interior
last year, judging from the increase OF
cash holdings, seemed to have been well
sustained until later in the season, the
total specie and legals as late as August,
amounting to about S1S5.0O0, 600, after
which there was a rapid decline, lasting
well toward the end of the year. The
movement from the interior last year,
however, was larger than noted this sea-
son. and the different totals were also
heavier. Despite the fact that the New
York banks are not lending so much
money as at this time last
year, they are getting better
rates for 1t, and they are not paying in
terest on so much idle cash lying in vaults
as was the case twelve months ago. The
rates for funds appear to be well sustain
ed, and nothing indicates a change to a
less firm basis The falling off in gold
exports appears to be the result of legiti-
mate conditions. Europe bought more
American securities in New York last
week than for months past. The averages
for the five days ending July 3. 1896, as
compared with the corresponding weeks
in 1895 and 1894 are as follows:
July '9s July '95 July Z "a
7 81 90 79-- ~