The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-10-25

bonds, 1926, bid, ss asked; City and
Suburban railroad first mortgage 7 per
| cent. bonds, bid, rs asked; Electric
bama Midland per cent. Endorsed, IS bid,
| So asked; Brunswick and Western As,
| - bid. 10 asked; South Bound railroad IS,
| - bid, q asked; Southern Railway SIS 81
| bid IS asked; Georgia and Alabama first
| preferred IS, "a bid, 80 asked; Georgia and
| Alabama first consols, 70 bid, 72la asked.
| Railroad Stocks-Augusta and Savan-
! nah, SO bid, 80 asked; Georgia common, 15z
| bid, 1855 asked Southwestern, IS bid, SO
asked; Atlanta and West Point railroad
| stock, 9815 bid, 99h asked Atlanta and
/ West Point 6 per cent. certificates, 3la
bid 9sla asked; Savannah Construction
| Company, GO bid, 65 asked. eX-div.
Gas Stocks-Savannah Gas Light stock,
| 2O15 bid 211a asked; Electric Light and
Power Company, So bid, 60 asked.
Bank Stocks, Etc.-Citizens Bank, 1922
| bid, 10 asked: Chatham Bank. 46 bid
AZ asked; Germania Bank, 1O6 bid, 107
asked; Merchants National Bank, IS bid
80 asked; National Bank of Savannah
125 bid, 128 asked; Oglethorpe Savings and
Trust Company, 100 bid, 1903 asked; South
ern Bank of the State of Georgia. 1863 bid
III asked; Savannah Bank and Trust Com
pany 1919 bid, 1921 asked; Chatham Real
Estate and Improvement Company A, 5234
bid, 53A asked; B, 30 bid, 81 asked; Peo-
pies Savings and Loan Company, 80 bid,
91I5 asked
Factory Bonds-Augusta Factory. IS, 100
bid, 102 asked; Sibley Factory 6s, 100 bid,
101 asked; Enterprise Factory 6s, 1O1 bid,
1O2 asked; Eagle and Phenix Manufactur-
ing Company, per cent. bonds, 81 bid. IL
asked
Factory stocks-savannah Cotton Fac
tory, - bid, 80 asked; Augusta Factory, 70
bid, n asked, ex-div.; Graniteville Factory,
las bid $50 asked; Langley Factory, 1903 bid
Jos asked; Enterprise Factory, common
80 bid, 100 asked; J. p. King Manufacturing
Company, 100 bid, 1903 asked; Sibley Man
ufaeturing Company, 20 bid, rs asked: Sa-
asked
London, Oct. 24.-Bar silver, 80 1-16d; con-
sols, 10S 3-16 for money and 1857 for the
account
Paris, Oct. "a, $50 p. m.-Three per cent.
rentes, 1N francs AN confines for the ac-
count.
New York. Oct. 24-Money on call was
at 3q8 per cent. Prime mercantile paper,
7laql0 per cent. Sterling exchange, steady,
with actual business in bankers bills at
A.SlAQ4.S15 for sixty days, and S4.S41kD
4.S4A for demand Posted rates, $4S2d4 S51z.
Commercial bills, $479a4@4 sO94. Bar silver,
6o1sc. Government bonds were firm; state
bonds were dull. Railroad bonds, firm. Sill
yer at the board was steady.
New York, Oct. A.-The treasury bal
anoes were as follows: Coin, Sl23, 526 1873
currency, s55, 433,OS9.
New York, oct. M-The weekly
statement of associated banks
shows the following changes.
Reserve, increase, $3O49, 800; loans,
decrease $6,O19, 500; specie, increase, ST. O95,-
800; legal tenders, $3,O49 800, increase $3.50, =
800; deposits, decrease. $5,212, 400. CircuIa-
tlon, decrease, $40, 500. The banks now hold
Sl4, $685. 800 in excess of legal requirements
New York, Oct. A.-The New York FL
nancier says this week: An increase of
-, 1880 in the reserve of associated banks
of New York for the week ending Oct. "a
was favorable feature of the current
bank statement, revealing as it did an
amount of strength in the local institu-
lions, which was interpreted as a reas-
surfing sign. The gain of 81 TAG. 900 in the
net cash holdings of the banks. $1091 100.
of which was in specie, came as a pleasant
surprise, as it has been thought that the
greater part of the gold received from Eu-
rope during the past seven days would not
be reflected in the statement on account
OF 1t having been for option account The
increase, therefore, was justly regarded
as evidence that boarding had not played
an important part in the weeks transact
ton, or at least that some of the gold is
flowing into the banks. The decrease of
$6019,S00 in loans does not, as might appear
at f1rst sight, indicate any sharp CONNER
cial contraction. 1t seems to show rather
that the temporary advances to gold i'm
porters are being liquidated and that there
has been little or any other borrowers for
funds. The banks lost to the interior and
through the treasury during the week
something like $5,00000O or about as much
| as was received from Europe. The 81, 300 OOC
withdrawn Oct. % for the purpose of OBJ
tanning gold from the treasury, does not
appear in the current statements. The
deposits of the banks as a result of the
weeks operations, decreased $5,212, 400, and
now stands at s44S, 1872 800, or nearly 3d. 600 zoo
| less than loans. An item of some inter
| est is the $l0,500 decrease in circulation OF
the national banks. Since July the cir
culation of the banks has expanded stead
| lily, the total increase being no less than
$6,OOOOOO. This circulation was a natural
| outgrowth of the peculiar conditions pre-
| vailing and 1t is to be inferred now that
| the situation is more normal, the notes
will be retired as they come back to this
| center.