The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-09
FINANCIAL.


tlNANClAL.
Money-Steady.
Foreign Exchange-The market was
steady. The following are net Sa-
vannah quotations; Commercial demand
$Slh; sixty days, &.s54, ninety days,
S4s5; francs, Paris and Havre, sixty
days. $500; Swiss sixty DAYS, S52i5L:
marks, sixty days, 81 11-16
Domestic Exchange-The tone of the
market IS quiet. Banks are buying at
par and selling at lilo per cent. premium
for amounts to $1,000 and over
o, sefur t,is t, market il generally
Stocks and Bonds~state Bonds-Geor-
ga, Si2 per cent. bonds Of 1880, 1O1 bid
i i9IA asked Georgia Sl2 per cents, due 1915,
iU2 bid, l0212 asked; Georgia AZ per cent
bonds. 1915, 1llis bid, us asked; Georgia
Smiths, maturity 1886, 1O1 bid, 1919 asked:
South Carolina 4Jks, 107 bid, los asked
City Bonds-Atlanta per cent. lG7 bid
JOS asked; Augusta AS, 1926 105 bid, 1OS
asked; Augusta Z per cent, 1l3 bid, ia
asked; Columbus 5 per cent. 100 bid. l0l
asked; Macon per cent, lie bid,
~ asked, Savannah 5 per cent, quar-,
terly April coupons. 10S15 bid. = asked;
Savannah 5 per cent, quarterly Nav
coupons, lOsl2 bid, asked; Charles
ton As. SO bid, SO asked.
Railroad Bonds-Savannah, Florida and
Western railroad general mortgage bonds.
per cent. interest coupons, III bid, Il3
asked Atlantic and Gulf first mortgage
and July maturity, 1897, 1O2 bid, los asked.
Central Railroad and banking COMPANY
collateral gold 5s, 1872 bid, SO asked; Cen
IS, 1916 100 bid Ill asked; Central Of
Georgia Railway consolidated IS, 5O-year
gold bonds, s. bid, 50 asked; Central Of
Georgia Railway first preferred incomes
30 bid 80 asked when issued:
end preferred incomes. Is bid,
Georgia Railway third preferred incomes
u asked when issued; Georgia railroad
6s. 1910. Ill bid. 1l2 asked: Charlotte, Col
umbia and Augusta first IS, 1O5 bid i67
asked; Charlotte, Columbia and Angus
Ia second mortgage IS, ll2 bid, ll3 asked:
bid, "a asked; south Georgia and Florids
first mortgage Is, Jos bid, asked: South
Georgia and Florida second mortgage IL
l04 bid, - asked; savannah, Americus and
Montgomery 5s, 50 bid, 50 asked; Ocean
81 asked; City and Suburban railroad
first mortgage per cent. bonds 7eiI Ria
7g asked; Electric Railway S. DUE ,e2 1 olI'
"a bid 80 asked; Alabama Midland K re-.
cent Endorsed. - bid. 80 asked; Bruins
south Bound railroad IS, - bid. ~ asi1sdd:
Southern Railway 5s. 81 bid, 90 asked
Railroad stocksmo5Alususta and savan-
Common 10 BID p asked ace Georgia central n6n,
mon, - bid, 176 asked: Southwestern. 99i
bid. 80 asked Atlanta and WEST
Atlanta Ia' ana west Point OG i 5ar asked dsnt
certificates 80 bid. 100 asked Savannah
Construction Company, 76ls bid. rs asked.
22SH bid. 28ls asked; Giect tTHt IIt 5sbi
and Power Company, = bid, 6S1a asked.
Bank Stocks. Etc.-Citizens' Bank,
81 BID 6d M a ssS9 G Shasaa% R Rank
lO7 bid, 108 asked; Merchants' Nationai
Bank, 1902 bid, 1929 asked; National Bank
thorpe Savings and Trust Company. 10l
bid, los asked; Southern bank Of State az
Georgia, 166 bid. 16S asked; Savan-
nah Bank and Trust Company, 1O6 hid
io7 asked; Chatham Real Estate
and Improvement Company. A, 53b bid
544 asked: B. 81 bid, s. asked:
title Guarantee and Loan Company, s2ib
Factory Bonds-Augusta Factory ss
1881 bid, 104 asked; Sibley Factory IS, 100
bid, lO6 asked; Eagle and Phenix Mani
featuring Company, per cent. bonds, so
bid, S2l2 asked.
Factory Stocks-Savannah Cotton Fac
tory, 60 bid. Ga asked; Eagle and Phoenix
Manufacturing Company, % bid, q asked:
Augusta Factory, u bid, so asked; Gran
iteVille Factory 1855 bid, 1853 asked; Lang
ley Factory, los bid, 40 asked; Enter
prise Factory, common, 101 bid 104 asked:
J. p. King Manufacturing Co, los bid. ITO
asked Sibley Manufacturing Company,
so bid, SO asked; Savannah Brewing Com
pany, IS bid. S7l4 asked.
New York, Feb. S.-Money on call was
at per cent. Prime mercantile paper
607 per cent. Sterling exchange weaker,
with actual business in bankers bills. at
s4.s6l3Q S6% for 60 days and $4.S71aa4 S7ss
commercial bills, $4S5la94. $751; Bar sill
yer 6lSsc. Government bonds steady;
state bonds firm; railroad were active and
strong Silver at the board was firm
New York, Feb. S-The treasury ball
ances were as follows: Coin 500 207 m.
currency, $SS, 640.724.
menS of the associated banks shows the
following changes; Reserve, increase,
1858, OBS; loans, increase, 81. $50 100; specie,
S4S5, 200; deposits, increase 50 324, 200; cir
culation, decrease, $353, 200. The banks
now hold ,425 in excess of legal re-
quirements.
New York, Feb. s.-The New York
Financier says this week: The statement
of the clearing house banks of New York
city for the week ending Feb may be a
faithful reflection of the average business
of the first three days of the week but as
a showing of the actual condition of the
banks at the close of business Saturday Ii
is not absolutely concurrent. II is a mat
ter of record, however. that the New
York bank statements following the adj
justment of the last three government
loans did not indicate for weeks the flll
effect Of the operations which these loans
brought about, and recurrence Of this
delay is to be expected in the present case.
There are signs in the current statement
of coming changes in the totals. Not the
least of these, and one that is gratifying
in every sense, is an expansion of 81, 2S9 10
in the loan column, which, following a
steady liquidation, that has decreased the
loans of the New York banks almost $50
100000 since the first preparation for the
bond issue shows that funds are again
to be released, and that a money strin-
gency is not feared.
The increase in cash during the week
according to the statement, was 81 2S9. loo
of which specie constituted $685. Geo and
legals S4S5,200 The cash holding, and es-
pecially the specie reserve, will, Of course.
show heavy decreases, as the payments
for the new bonds are made. A great
deal Of gold has already gone into the
treasury from the banks, and it is doubt
full If this is included in the statement. The
banks gained several millions from the
interior within the past six days, and the
increase in deposits was 10 have been an
ticiDated.
The course of the money market since
the bids for bonds was announced, clearly
shows that the previous advance in funds
was due 10 the complete preparations that
had been made to pay for the new Sc
curities. Now that the awards have been
made. and il is known that the majority
OF bidders have been disappointed and
also that large amount Of foreign gold