The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-08

IS, 50-year gold bonds, 10 bid, 112 asked {;
! Central of Georgia Railway 1st conso ldat-
ed mort gage IS, 50 bid, - asked, ex-coupon;
! Central Of Georgia Railway, first prefer
red incomes 29}l bid, 81 asked, eX-inter-
/ est; Central of Georgia, Railway, second
/ preferred incomes Y bid, - asked: Central
of Georgia Railway third preferred in
! comes, bid, asked; Georgia railroad
Is, 1910, 1CS bid, 10 asked; Charlotte. Co
! lumbia and Augusta first 5s, 105 bid, 1O6
asked; Charlotte, Columbia and Au-
! gusta second mortgage Is, 10
bid, 112 asked; Georgia Southern and
Florida new SIS. 50 bid. IS asked; South
| Georgia and Florida first mortgage Is, 105
bid, LOG asked; South Georgia and Flor
| ida, second mortgage 7s, 104 bid, 100 asked;
Ocean steamship per cent.
bonds, 1926. 100 bid, 105 asked; City and
Suburban railroad first mortgage per
cent. bonds, bid, IS asked; Electric
railway 5s, due 1885, 10 bid 10 asked; Ala
bama Midland 3 per cent. indorsed IS bid
IS asked; Brunswick and Western As
- bid. 20 asked; South Bound railroad 5s.
- bid, 73 asked; Southern Railway 5s, SO
bid 90l2 asked; Georgia and Alabama first
preferred IS, 95l5 bid, 9615 asked; Georgia
and Alabama first consols, 701a bid, 7212
asked.
Railroad Stocks-Augusta and Savan-
nah, 80 bid, 92 asked; Georgia common, 156
bid, 159 asked; Southwestern, 1872 bid. 91h
asked; Atlanta and West Point railroad
stock, 1OOlA bid, 1917 asked; Atlanta and
West Point s per cent. certificates, 100
bid, 1O1 asked; Savannah Construction
Company, Go bid, 20 asked, ex-div.
Gas Stocks-Savannah Gas Light stock,
21la bid, % asked; Electric Light and
Power Company, So bid, asked
Bank Stocks, Etc.-Citizef1s Bank, 1922
bid, asked; Chatham Bank, as bid.
AZ asked Germania Bank, 106 bid, 107
asked; Merchants National Bank So bid,
..al~a !,
125 bid, 12S asked: Oglethorpe Savings and
Trust Company, 1O2 bid, 1882 asked; South
ern Bank of the State of Georgia. 1863 bid,
III asked; Savannah Bank and Trust Com
pary, 10l bid, l02l4 asked; Chatham Real
Estate and Improvement Company, A, 522i
bid, 1914 asked; B, so bid, 81 asked; Peo-
pies Savings and Loan Company, 80 bid,
911s asked.
Factory Bonds-Augusta Factory, 6s, 100
bid, 1O2 asked; Sibley Factory 6s, 100 bid,
10l asked; Enterprise Factory Is, 101 bid,
l02 asked; Eagle and Phenix Manufacture
ing Company. per cent. bonds, 81 bid, Al
asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid so asked; Augusta Factory, n
bid, so asked; ex-div; Granteville Factory,
las bid, $50 asked; Langley Factory, 100 bid,
105 asked; Enterprise Factory, common,
95 bid, 100 asked; ]. P. King Manufacturing
Company, 102 bid 105 asked Sibley Man
ufacturing Company, rs bid, Y asked; sa-
vannah Brewing Company, 80 bid, 100
asked.
London, Nov. Bar silver, sod; con-
soils, 100 1916 for money and 40 1-16 for
the account.
Paris, Nov. 7.-Three per cent rentes,
102 francs rs centimes for the account.
New York, Nov. money on call was
quiet at per cent. Prime mercantile pa
per steady, 6G7 per cent Sterling ex-
change was very firm, with actual bust
ness in bankers bills at $.S2A64 S27s for
sixty days, and $4S51a94.S53l for demand
Posted rates, $4S21244.S6. Commercial
bills, A.SOlaq4SlR Bar silver, 651sc. Gov
eminent bonds were higher; state bonds
were dull. Railroad bonds buoyant. Sill
yer at the board was steady.
New York, Nov. THE weekly state
ment of associated banks shows the fol-
lowing changes: Reserve, decrease, 81, 652,-
S25; loans, decrease, 5000 TOO; specie, in
crease, $924,5OO; legal tenders, decrease,
$557s,4O0. Deposits, decrease, S,OO6, 300;
circulation, increase, $50, 500. The banks
now have Sl4Sl04OO in excess of legal re-
quirements.
New York, Nov. New York Financier
says this week: The statement of the
clearing house banks for the week ending
Nov. z, covering but five business days, is
chiefly valuable as a record of the furry
Immediately preceding election. The
statement is supposed to include the bus
mess of the week up to Thursday only,
and as holiday interviewed it is very evil
dent that the recovery which has taken
place since the election is not shown In
the totals. For instance it is known that
several millions in specie have been re-
deposited with banks and the gold is now
In the clearing house vaults, although the
statement shows an expansion of only
$924,0O0 in specie.
1t does not seem reasonable either, in
Zoo -
stock market, such as marked last week.
to look for shrinkage in loans amount
ing to A,C7O,7OO, which the statement
shows. The rapid fall in call money and
the competition between banks for COM
mercial offerings since Tuesday is another
evidence that banks are not decreasing
loans, and it is still a little early to look
for voluntary payments of obligations due
banks.
According to the statement the banks
lost 1854 900 in cash during the week, their
legal tender shrinkage alone amounting
to S5,579,4 400 Deposits also contracted $S-
O0S3O0. The conditions of the banks at the
actual close Of business Saturday was, of
course, better than the statement indica-
ted and beginning with next week the ex-
panson which set i'm after Nov. 3 will be
fully reflected
The boarded gold now pouring into the
banks is bringing the clearing house vault
balances toward the $40 100000 mark, and
there seems to be no doubt that the banks
viii soon resume the settlement of bal
ances in gold coin. The banks in fact
will probably show large gains in gold be-
fore the treasury reserve, since the specie
will find its way into bank vaults and
thence into the treasury. Next weeks
statement ought to make very interest
ing showing in all items and the clearing
house institutions for the first time In
months, will probably be able to maintain
their reserves uniformly above the 25 per
cent. limit:
Nov. 96INov, 9 s5Nov. 10 "a
L nAns ISlio 40 on slas ooa onol 3 100 n rno