The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-05-24

Rough-Upland per bushel, 40Q50c; tide
water. 5O0S0c.
FINANCIAL.
Money-steady.
Foreign Exehsnge-The market was
nah quotations: Commercial demand
$lss4; sixty days, $ASl4; ninety days,
Sl.e63sc; francs, Paris and Havre, SIXTY
days. $5lS; Swiss, sixty days, s5l95s;
marks, sixty days, % lie.
Domestic exchange-The tone Of the
market is quiet. Banks are buying at
par and selling at l-lO per cent. premium
Tor amounts of 81 900 and over.
Securities-The market continues very
quiet
gia, 312 per cent bonds OF 1880, l02 bid,
1923 asked; Georgia 3ia per cents, due 1915,
1913 bid, l02l2 asked Georgia Is, Smiths
maturity 1896, 1919 bid, 1929 asked; Georgia
~ per cent. bonds. 1915 1l4Ih bid. 1l5 asked;
South Carolina 4las 1851 bid, 1o9 asked.
city Bonds-Atlanta per cent, 1O7 bid,
asked; Augusta per cent, III bid, u5ia
asked; Augusta per cent, IL hid. 113
asked Columbus 5 per cent, 103 bid, ,Ot
asked; Macon per cent, ll4l2 bid, 1l5l5
asked Savannah per cent, quarterly
July coupons lOSia bid, 100 asked Savan-
nah per cent, quarterly August coupons,
l0als bid, lu5 asked; charleston As, SO bid
Railroad Bonds-savainah Florida and
Western railroad general mortgage bonds
6 per cent interest coupons. 112 bid, ~
asked; Atlantic and GiIlf first mortgage
consolidated per cent coupons, January
and July maturity, 1897, 1o2H bid. 1903
Company collateral gold Is, IS bid.
SO asked; Central of Georgia
railway first mortgage IS, 1915. III 5id,
1l2 asked. Central of Georgia RAILWAY
consolidated 5s 50-year gold bonds. 81
bid, So asked; Central of Georgia railway
first preferred incomes, % bid. 80 asked;
Central of Georgia railway second pre-
forred incomes. IA bid, Is asked: Cen
trail Of Georgia railway third preferred in
comes, bid, 10 asked; Georgia railroad
cbarlo 5itC Columbia ana i Aa asasa;
rst o. coi l92 0 ind A lo9s asked
mortgage Is, 113 bid, ia asked; Georgia
Southern and Florida news 5s. ssh bid. SIS
asked; South Georgia and Florida first
mortgage Is. 1O6 bid, asked: South
Georgia and Florida, second mortgage Is.
1O5 bid asked; Savannah, Americus
and Montgomery 5s. 70 bid, u asked;
ocean STEAMSHIP, per cent. bonds, 1920,
railroad first mortgage z per cent bonds
7G bid; IS asked; Electric railway 81
due 1885 10 bid, 20 asked; Alabama Mid
land 5 per cent. Endorsed, SO bid, 80 asked:
brunswick and Western, As bid M
asked; South Bound railroad 5s. - bid,
rs asked: Southern Railway 5s. % bid
81 asked: Georgia and Alabama con-
soils. 73 bid, "A asked.
railroad StockB-Augusta and Savan-
nan, 9l1a bid 924a asked; Georgia common.
1853 bid III asked; Southwes tern 80 bid
on asked; Atlanta and West Point rail
road stock. 10l bid, 102 asked Atlanta and
West Point 6 per cent. certificates, 1OlI5
bid. 1O2 asked; Savannah CONSTRUCTION
non Company 74ia bid, 75l5 asked
Gas s.ocks-SaVannah Gas Light stock
22ls bid = asked; Electric Light and Pow,
er Company, 62l2 bid, 3A asked.
Bank stocks, Eac.-Citizens Bank. 113
bid ia asked; Chatham Bank, 49I5 bid
80 asked; Germania Bank, 109 bid, ITO ask
ed. Merchants National Bank l0i INA
10o asked: National Bank Of Savannah
1872 bid. 1856 asked; Oglethorpe Savings
and Trust Company, lOo18 bid, 1917 asked;
Southern Bank of state of Georgia, 172 bid
IA asked; Savannah Bank and Trust com,
pany 1881 bid, lO952 asked; Chatham Real
Estate and Improvement Company A, 81
hid 54ib asked; b, 81 bid, 511k asked: Peo-
pies Savings and Loan Company, 81 bid.
81 asked.
bid 1903 asked Sibley Factory Is, 1O2 bid
1O3 asked: Enterprise Factory Is 1O2l6 bid
1903 asked; Eagle and PheniX Manufactur-
ing Company per cent bonds, 70 bid. so
Factory stocks-Savannah Cotton Fac
tory - bid, 50 asked; Eagle and Phenix
Manufacturing Company, . bid. 10 asked /;
Augusta Factory, 20 bid, IS asked Gran
iteVille Factory, $50 bid, 155 asked; Lang
lev Factory, 10S bid, 10 asked; Enterprise
Factory, common, 100 bid, 105 asked; j. p
Krg Manufacturing Company, los bid, 10
asked: Sibley Manufacturing Company rs
bid. IS asked; Savannah Brewing Company
London. May 28.-Bar silver. 81 1-l6d:
Paris rentes lol francs So confines for the
New York. May 23.-NIonev on call was
5d5la per cent Sterling exchange, quiet
and firm, with actual business in bank
ers' bin at $4.87% al. IS for sixty days, and
$iSS4U4S9 for demand; posted rates Sass
d4S9i2 Commercial bills. $4S63t IA S7ii.
Bar silver, Csc. Government bonds We're
steady; state bonds were dun; railroad
bonds were strong. Silver at the board
New York, May 23.-The treasury bal
ances were as IS follows: Coin, $ll2,5246jii
New York, May 23.-The weekly state
4 ment of the associated banks shows the
/ following changes: Reserve, increase
/ IS, l23, 525; loans. decrease. $500 500; specie
! increase, 81. 1920; legal tenders, increase
/ $l.f5S,300; deposits, decrease $952, 100; cir
/ culation, increase, $4,000. The banks now
/ hold S21,701,500 in excess Of legal require
New York. May 28.-The New York
/ Fiuancier says this week: THE decrease
/ of S3,05S000 in loans is an unfaVorable
/ feature of the statement of the associat-
/ cd banks of New Y DIRK city for the week
! the expansion, which has been noted IN
/ that item of late, the sudden falling off Is
! not easy of explanation. The increase en-
/ loans between feO. and May 49, this
| year, was i'm round numbers $3l. 10000
/ Last year, during the same period there
/ was a shrinkage i'm loans of over $1,000.
I 600, In both cases il may he noted bono
/ operations exercised a predOminating in.
uueuce On April g, 1885, however the
I Tue turned ana iOdilS ran up steadily uu
tin Sept a. when the total reached $50
/ 63SsJ0; which record stands to-day as The
/ highest ever made by the clearing hous,
| banks. Tt does not seem probable there
| fore that the check shown ON the cur.
/ rent expansion will he more than tenn.
porary, since the increase Of only SSl .
1 100000 this season compares with a tota
/ expansion of $42,000O00 last year.made dur
ins a period covering about twenty-five,
! weeks.
1.-The contraction of the current week
/ however, augurs a lessening demand. ans
| indicates further heavy exports of GOLD
soon. That view is sustained by tn,
opinions of expert interna tional bankers
| who interpret the market closely. Tn,
banks gained i'm cash during the week
| 81. $500. of which 81. 427 200 was speci,
and 81 45S,300 legal tenders This gain n
the face Of exports of 81 100000. which tooI
/ tAat amount of money from the banks
vaults shows the volume of interior re-
] ceipts. The advance I'M the price of do.
/ nestle exchange at the larger CONNER
] cial centers indicates THAI the moyemen