The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-09-20
THE MORNING NEWS: SUNDAY SEPTEMBER 90 1896

T sd. So. asked. Georgia ana Alabama FIRST
preferred s. e. Lid. p asked; Georgia and
AIaaar-a arst c0nsols. . bid Il asked.
Railroad stooks-Atugusta and savan-
nah. So bid. s. asked; Georgia
! common. 10 bio. Is asked; Southwestern.
81 bid. s. asked: Atlanta and
/ West Point railroad stock. 81 iabid .SsIz ask
ed; Atlanta and West Point { per cent,
/ certifcates. q bid, s. asked: Savannah
/ Cons truction Company. g bid. 20 asked.
Gas Stocks-Savannah Gas Light stock.
20 bid q asked; Electric Light and Power
Company IS bid, g asked.
Bank Stocks. Etc.7Citizens Bank 10
4sl4 bid ~ asked: Germania Bank.
I07 bid. l07ls asked; Merchants
National Bank p bid. sliA asked: National
/ Bank OF Savannah. IL bid. 131 asked;
Oglethorpe Savings and Trust Com
pa7y. - bid 1G asked: Southern
Bank Of The state Of Georgia, lss bid.
IL asked; Savannah Bank and
Trust Company. l03 bid. 1G asked
Chatham Real Estate and I'm
provement COMPANY A, 50 bid. 81 ask
ed: 3. 80 bid. % asked; Peo-
pies Savings and Loan Company, 90 bid,
81 asked. ex-dividend
Factory Bonds-Augusta Factory IS. 102
bid. 103 asked; Sibley Factory 6s, 100 bid,
10 asked; Enterprise Factory IS, 100 bid,
104 asked; Eagle and Phenix Msnufactur-
ing Company. PER cent bonds. - bid, 90
Factory s.ocks-savannah Cotton Fac
tory, - bid. % asked; Augusta Factory,
z bid. % asked, ex-diy. Granite vile Fac
tory, l45 bid, 80 asked: Langley Factory.
los bid. 10 asked: Enterprise Factory,
common, 9S bid, le2 asked; J. p.
King Manufacturing Company, IDS bid. los
asked; Sibley Manufacturing Company. rs
bid. IS asked; Savannah Brewing Com
pany. - bid. 70 asked
London. Sept. 19-Bar silver, 3OL4d
Paris advices quote per cent. rentes at
102 francs IS centimes for the account.
Consols 10 lis for money and HOS for
the account.
New York. Sept. 1s-Money on call was
al 4d5 per cent. Prime mercantile paper,
s1l0 per cent. Sterling exchange steady
with actual business in bankers bills at
&-sliam4S2 for sixty days, and S4S24 "A. "a
for demand Posted rates, $4.s2Q4S4lk
Comm rcial bills, 81 80i4 d4S1A. Bar sill
yer. 65izc. Government bonds were higher
State bonds were higher. Railroad bonds
were strong. Silver at the board was neg
lected
New York Sept 1s.-The treasury bal
ances were as follows: Coin. 1926. 754. 239;
currency $64.9s5,715.
New York, Sept 19-The weekly state
ment OF associated banks shows the fol-
lowing changes: Reserve, increase, 1885,
800 loans, decrease, 1919, 800; specie, in
crease, $1.473,5OO; legal tender, increase
1888 800; deposits, increase, 1921, 500; circu-
lation, increase, S5Q9. 400. The banks now
hold sl0,i54,S75 in excess Of legal require
ments.
New York, Sept 19.-The Financier says
this week. The reserves Of the New
York banks increased 81, 6S6, $50 last week
and now stand at SO, 454375 above the %
per cent. requirements. This IS the high
est figure reported since Aug. last But
while the imports Of gold up to date have
pKnagnGn he 1Gh frrr -
the clearing house banks during the past
two weeks have been only 5000, OO0 the
gain of 100000 in specie having been
counteracted by loss in legal tenders of
100000. The interior movement has been
very strong during this period, and even
II the banks do not hold the cash that has
come from abroad in their vaults il has
gone to other sections and is there per-
forming an important work. Still, there
is no reason beyond sentiment why the
New York banks should pile up an idle
surplus at this time. The movement of
the crops has been so much earlier that it
has created a legitimate demand for
money, and as the future holds out GER
tainty Of gold imports, the banks can use
portions of the present surplus in salts
flying a local demand. The imports have
opened a new source of supply, permanent
for this season at least, and there is no
reason to anticipate a prolonged strin-
gency.
great deal of the money now used in
the crop movement is bound to return to
New York and not until then will 1t be
safe to count on a discontinuance of gold
from abroad. At any rate a 100000 ex-
cess reserve such as reported in the cur
rent statement does not reflect strained
conditions, and while the actual showing
may be disappointing, the general stand
ing Is not al all bad. The operations last
week resulted in a decrease of S809, 500. in
loans, a gain of s1767, 600 in cash, 81, 473, 500
being specie; a gain of 1921 800 in deposits,
which is a very unsatisfactory feature,
and an increase in the reserve of 81, 6S6, $50.
The banks are still taking out new circu-
lation for temporary use, the increase for
the week being $500 400, and the total $l9,-
22l 100. a figure higher than ever reported.
Bank statement: