The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-04-12
FINANCIAL.
Monev-steal

O0 bushels
FINANCIAL.
Money-steady.
Foreign Exchange-The market was
barely steady. The following are net Sa-
vannah quotations: Commercial demand,
$S7ss; francs. Paris and Havre, sixty
days, $5.lSl5; Swiss, sixty days. $5.203s;
marks. sixty days. 81 15-16.
Domestic EXchange-The tone of the
market is quiet Banks are buying at
par and selling at lilo per cent. premium
for amounts to 81 900 and over.
Securities-The market is quiet and
steady, with a fair Investment demand.
Stocks and Bonds-State Bonds-Geor-
l02h asked; Georgia 3l5 per cents. due 1915,
1914 bid. 1924 asked: Georgia AZ per cent.
bonds, 1915, ia bid, us asked; Georgia
Smiths, maturity 1896, l0l bid, 102 asked;
South Carolina 4l5s, los bid, 1854 asked.
City Bonds-Atlanta per cent, 107 bid.
Jos asked; Augusta AVS, 1926, lO5 bid, 100
asked; Augusta 6 per cent, 112 bid. 1l8
asked; Columbus per cent, 1O3 bid, l0i
asked; Macon per cent. 1lSi9 bid.
neg asked Savannah per cent, quarter
ly July coupons, Jos bid, 1881 asked; Sa-
vannah 8 per cent, quarterly May cou-
pons. l09 bid. l09h asked; Charleston As,
Railroad Bonds Savannah. Florida and
Western railroad general mortgage bonds,
asked; Atlantic and Gulf first mortgage,
consolidated per cent. coupons, January
and July maturity 1897, 1O22 bid, lO3
Company, collateral gold IS, 80 bid
100 asked; Central of Georgia
railway frst mortgage IS. 1886 III bid
! 1l2 asked: Central Of Georgia railway
consolidated IS, 50-year gold bonds S7A
bid, 50 asked; Central Of Georgia railway
first preferred incomes, 9056 bid. 31A asked;
Central of Georgia railway, second pre-
ferred incomes, 10 bid, 16 asked; Cen
trail of Georgia railway third preferred in
comes, 10 bid, II asked; Georgia railroad IS
asked (haTlOtta Columbia
and Augusta first 5s, 1O4 bid, los asked;
Charlotte, Columbia and Augusta second
Southern and Florida new IS, 96lb bid 51iis
asked; South Georgia and Florida first
mortgage g, los bid. - asked; South
1914 bid, asked; Savannah, Americus
and Montgomery, 5s, u bid, 70 asked;
0Se an steamship Per cent D6 6ORdS 1922
railroad first mortgage 2 per cent. bonds,
70 bid, 50 asked Electric Railway IS,
land per cent. Endorsed. So bid, 80 asked;
Brunswick and Western As, - bid, rs
asked; South Bound railroad S., bid.
rs asked; Southern Railway 5s, 80 bid, 81
asked Georgia and Alabama consols, "A
Railroad stocks-Augusta and savan-
ex-div.. is5 bid, 10 asked: South
western, slls bid, 90 asked; At
r reada stock loo bid 100 asied At Raii,
and West Point per cent. certificates,
1901 bid, 1914 asked; Savannah Construct
tSn cs%pssy a 6id g ga ssfed i+ too
% bid. 2Sls asked Electric Light and
Power Company, g bid, s asked.
s BID 3D. 3 asked asked eRatha% Bank
| 109 bid, ITO asked; Merchants National
! Bank 1903 bid, 104 asked; National Bank
| of Savannah, 1874 bid, 1876 asked; Ogle-
/ thorpe Savings and Trust COMPANY 1851
bid 1914 asked; southern Bank of State
! -.
! nah Bank and Trust Company, lOSs4 bid.
- asked; Chatham Real Estate and Inn
provement Company, a, 5S1k bid. 81 asked
and Loan Company, 9llS bid. 80 asked.
Factory Bonds-Augusta Factory 6s,
1oi39 bid. JOG asked; Sibley Factory IS,
6s, los bid. 106 asked; Eagle and Phenix
bonds so bid 50 asked.
FACTORY Stocks-Savannah Cotton Fac
tory, IS bid, GO asked; Eagle and Phenix
| Manufacturing Company, 20 bid, q asked
| iteVine Factory, $50 bid, 1876 asked Lang
| ley Factory, l0S bid, ITO asked Enterprise
! Factory, common, 1902 bid, los asked; ]. p
| King Manufacturing Company, los bid ITO
asked; sibley Manufacturing Company,
rs bid, so asked; Savannah Brewing Com
pany -, so asked.
London, April 11--Bar silver, 31M; con-
soils, 101% for both money and the ac-
count. Paris advices quote per cent.
rentes 101 francsi 35c for the account.
at 3G315 per cent Prime merchantable
| paper, 5lkGJ6 per cent. Sterling exchange
! is steady with actual business in bank
ers' bills at S4.S724Q4ss for sixty days, and
! S4.SS34@4S9 for demand. Posted rates
$4 SSl5I4 S9lb. Commercial bills. 81 S6s5 n
4S7l2. Bar silver 6Si2c. Government
bonds firm; state bonds dull; railroad
bonds easier. Silver at the board was neg
lected.
New York, April 1.-THE treasury bal
ances were as follows: Coin, $l27, SIP O6S;
! currency, SS9, Gas, 22S.
New York, April 1.-THE weekly state
ment Of the associated banks shows the
following changes: Reserve, Increase
1926, Us; loans, increase, $2S7, 800; specie de-
crease, $416,600. Legal tenders, increase
S1,6s0,sOO; deposits, increase, 81, 1855, 100; cir
culation, increase, $50, 500. The banks now
hold $l7931, $50 in excess of the legal re-
quirements.
New York. April 1.-THE New York Fl
nancier says: THE statement Of the as
ISOLATED banks for the week ending April
II, for the first time in sixty days. shows
an increase in the reserve, the gain for
the week being nearly $l,00O,O00. The
| banks gained in cash, according to the
report Sl.264, 200, loss Of S4l6.6 in spe-
Gle being Offset by a gain OF S6s0,SOC
in legal tenders. This result. in view OF
the charges incident to the week was
what had been expected. as the prelim-
mary estimates placed the loss to banks
from sub-treasury operations and gold ex.
ports at about $2.000OO0. The net interior
movement had probably been greatly I'M
! derestmated however since the losses
mentioned were not only made up. but
the statement brings the banks out with
one and one millions more cash than thew
| reported on hand al the close Of tho
| previous week. The only inference II The
statement Is correct average, Is that