The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-01

bid. log asked; South Georgia and Flor
ida, second mortgage Is. 1O4 bid. l05 asked;
Ocean steamship per cent
bonds, 1926, bid, IS asked; City and
Suburban railroad first mortgage per
cent. bonds, bid, rs asked: Electric
railway S. due 1885, 10 bid. 10 asked; Ala
bama Midland per cent. indorsed, IS bid,
s. asked; Brunswick and Western As,
- bid, 20 asked; South Bound railroad 5s,
= bid, 7S asked; Southern Railway 5s. "a
bid, IS asked; Georgia and Alabama first
preferred IS. 81 bid, 95 asked; Georgia and
Alabama first consols, 701a bid, 721a asked.
Railroad Stocks--Augusta and Savan-
NAN, 50 bid. 81 asked; Georgia common, 1856
bid, 1853 asked; Southwestern, SSs4 bid, S9ls
asked; Atlanta and West Point railroad
stock, SO bid, 100 asked; Atlanta and
West Point, 6 per cent. certificates, 80
bid, 100 asked; Atlanta and West
point, per cent. certificates, 80
bid, 30 asked; Savannah Construction
Company, 81 bid. 65 asked. ex-div.
Gas Stocks-Savannah Gas Light stock,
q bid, 211s asked; Electric Light and
Power Company. 81 bid, 90 asked.
Bank Stocks, Etc.-Citizens Bank. 109h
bid, 10 asked; Chatham Bank, 46 bid,
AZ asked; Germania Bank, 106 bid, 107
asked; Merchants National Bank, S. bid,
80 asked; National Bank of Savannah,
l25 bid, 12S asked; Oglethorpe Savings and
! Trust Company, 1919 bid, l0S asked; South
Gill Ddih OL the OldlC Oh NIeOTSla IOJ uluf
III asked; Savannah Bank and Trust Com
paHy, 101 bid, 1929 asked; Chatham Real
Estate and Improvement Company, A, 52M
bid, 5SA asked; B, so bid, 81 asked; Peo-
pies Savings and Loan Company, 80 bid,
9112 asked.
Factory Bonds-Augusta Factory, IS. 100
bid, 1902 asked; Sibley Factory Is, 100 bid.
10l asked; Enterprise Factory 6s, 101 bid,
102 asked; Eagle and Phenix Manufacture
ing Company, per cent. bonds, 81 bid, Al
| asked
Factory Stocks-Savannah Cotton Fac
! tory, - bid, 80 asked; Augusta Factory, n
bid, 80 asked; ex-div; Graniteville Factory,
J 145 bid, 80 asked; Langley Factory, 100 bid,
i l05 asked; Enterprise Factory, common,
95 bid, 100 asked j. P. King Manufacturing
! Company, 1O2 bid, 1O5 asked; Sibley Man
ufacturing Company, Is bid, n asked; Sa-
vannah Brewing Company, SO bid, -
asked.
! London, Oct 31.-Bar silver, sod. Con-
soils. 1OS 7-1sd for both money and ac-
/ count.
Paris, Oct. 31.-Three per cent rentes 1O1
francs S21A centimes for the account.
New York, Oct. 31.-Money on call was
| easier at 661O per cent; prime mercantile
| paper, 7d10 per cent Sterling exchange
dull and steady, with actual business in
bankers bills at $4S119dtSl% for sixty days
/ and 81 S4156i4 SIS for demand. Posted rates,
$4S2a4 S51s. Commercial bills, $4S014G4S1A.
| Bar silver Csc. Government bonds higher.
State bonds dull. Railroad bonds strong.
New York, Oct 3l.-The treasury bal
ances were as follows: Coin, $l20, 1868 742;
currency, ,S6S.SA.
New York, Oct 31.-The weekly state
ment of associated banks shows the fol-
| lowing changes Reserve, increase, 81
502 $685. loans, decrease, $3.50, 100; specie,
increase. $2545, 800; legal tenders, de-
crease, 1852 700; deposits. decrease, $685.
81 IL. he.
banks now hold ST., 1853, S25 in excess of legal
requirements.
New York, Oct 31.-The New York FL
nancier this afternoon says: 1.-The state
ment of the associated banks for the week
ending Oct. 81 shows that the position of
the institutions as a whole is better than
| it was one week ago They have In
creased their cash holdings by $2000.OG)
and their surplus reserve 81, 502. 1926 bring
ing the excess cash in banks to ST. 463, 225
which is higher than it has been since
Aug. l last. From a banking standpoint
this indicates the result of the conserva
tism which has been a leading charac-
| teristic of lhe situation for some time
| past, although the statement does not
take into account the heavy loans which
were made friday last during the furry
in the call market.
The large Increase in specie-the total
footing up %, 5i5, S00-was a surprise. Two
I OF the larger banks seem TO nave dD-
sorbed $1.750 900 Of this gold, the remainder
being distributed unevenly among the
banks in small amounts until the decrease
of $S,S69, 100 IN loans brings the total TO
within about $i,0OO,OGj of the lowest mark
| of the present year-Feb. S-just before
the last bond issue, and reflects the clos
ing of money borrowed on import ac-
| count.
1.-THE actual leans of the banks are
probably larger at the present time than
! the statement indicates. The fall in call
money rates seems to show this clearly
1.-The decrease in deposits was $2,036,9O0,
| and was the logical result of the opera
lions also described. The movement to
the interior was very light during the
week. and the losses were mainly to the
treasury The legal tenders so lost, how
ever, were partially offset by the release
of funds held by importers against gold
already engaged. An interesting poinr Is
the continued decrease in circulation,
which shows that the heavy volume put
out by the banks during the past several
months is being retired as it returns to
this center. The circulation item will
| probably continue to contract from this
time out, as the currency movement turns
in favor of New York Eleven national
banks, according to the current state
ment. are under the required rs per cent.
| reserve.