The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-12-20

ed. ex-div.. Southern Bank OF
the State of Georgia. 169 bid.
III asked; Savannah Bank and Trust Com
pany, lOl bid, 1924 asked; Chatham Real
Estate and Improvement Company, A. "a
bid, = asked; B. 50is bid, 511k asked: Peo-
pies Savings and Loan Company 80 bid,
SO asked.
FACTORY Bonds-Augusta Factory, IS, 100
bid, 102 asked; Sibley Factory IS, 100 bid.
l0l asked; Enterprise Factory IS, 101 bid,
lO2 asked; Eagle and Phenix Manufacture
ias Company, per cent bonds. 40 bid. 50
asked
Factory stocks-Savannah Cotton Fac
tory, = bid. so asked; Augusta Factory, n
DID, 50 asked, ex-div.; Graniteville Fac
tory, l4o bid, $50 asked; Langley Factory,
100 bid, los asked: Enterprise Factory,
common, IS bid, 100 asked: ]. P. King
manufacturing Company, 102 bid, 1O5 ask
ed; Sibley Manufacturing Company rs bid
q asked; Savannah Brewing Company, 81
bid. 81 asked.
London. Dec. 1s-Bar silver, weak at
Sssd.
Paris, Dec. 19.-Three per cent. rentes,
l02 francs 401s centimes for the account.
New York, Dec. 19.-Money on call 1I56
2 per cent. Prime mercantile paper, Az
per cent. Sterling exchange firm, with
acutal business in bankers bills at S4.SS34
q4.A for sixty days, and $4.S7I4674. S71b for
demand. Posted rates, A.S41z914 SS1a. Com
mercial bills, $4S21s@4.SS1a. Bar silver,
65Ac. Government bonds were lower,
state bonds were dull. and railroad bonds
were weak. Silver at the board was neg
lected.
New York, Dec. 19.-The treasury bal
ances were as follows: Coin, $l21, 1S1, Ol9;
currency. $4S, ,0S7.
New York. Dec. 19.-The weekly state
ment of the associated banks shows the
following changes; Reserve, increase,
$685. 75; loans, increase, SO, 512, 800; specie
increase, $685. 800; legal tenders, increase
S2,S11 100; deposits, increase, 1854 ,9OS; cir
culation, decrease, $4,000. The banks
now hold SS3, IA, 725 in excess of the legal
requirements of the rs per cent. rule.
New York, Dec. 19.-The New York
Financier says this week of the bank state
ment: THE statement issued by the New
York clearing house banks for the week
ending Dec. 10 seems to indicate par
tial cessation of the sterling exchange
buying movement, which has been a
marked feature in this center for over u
week past. Although the expansion in
loans reached a total of 3,512, 500, which is
far from being unsatisfactory, the ac-
emulation of funds continues in larger
proportion and the excess reserve has
again increased the addition of s., 66S. $40
for the week bringing the total of idle re-
serve in the banks up to 1873, 275, 725, which
is higher than had been reported since
Feb. 10 last. This accumulation of money
congesting the market beyond all means
of relief. even with London drawing on
New York for accommodation, of course,
has reacted on the rates until they have
touched the lowest figure of the year, but
there were unmistakable signs to the
closing of the week of a firmer tendency,
due partly to the Cuban resolutions, which
also affected the market in other cities,
and to the approaching probability of gold
exports to Germany, where the situation
is becoming stringent. With sterling ex-
change at present prices these exports
now would not be profitable but this
country might welcome at present an Of
fiux of funds, which would put the local
money market in more normal condition.
Money is stiIl flowing from the interior
to New York and the cash gains of the
banks for~the week were $S,414,6OO. The
increase in deposits was $6,9S4,9OO The
close of the present year may mark sew
eral heavy changes in these items, as the
January disbursement period is at hand
and will call for large sums, both here
and abroad. The banks are gradually
contracting their circulation, the decrease
for the week being $4,000