The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-02-16

X.
unchanged; strained common to good,
si.60qL62lz. Turpentine quiet, firm, SAC
2S94c.
FINANCIAL.
Money-Steady
Foreign Exchange.-The market was
vannsh quotations: Commercial demand.
S4-S524 sixty days, S4s6S4, ninety days,
S4S514; francs Paris and Havre. sixty
marks, sixty days, SOS.
Domestic Exchange.-The tone of the
market is quiet. Banks are buying at
par and selling at 1-1O per cent premium
/ for amounts TO 200 and over.
| Securities-A fair business is being done
| Stocks and Bonds-State BOnds-Geor-
gia, 3i5 per cent bonds of 1880, 101 bid
l l0A asked ed Georgia 81 per cents due 49,
Smiths. maturity. 1896, 1Ol bid, 1Oilk asked;
! South Carolina 41zs, 1O7 bid, los asked.
! City Bonds-Atlanta per cent. 1O7 bid,
J Jos asked; Augusta 4lzs, 1925. l05 bid, log
asked asked; augusta per cent liz bid ~ ~
/ asked; Columbus 5 per cent, 103 bid, 14
asked; Macon per cent. 1l6 bid,
A aFfa coSPOn9 49, f f lee asfe Sar sa
coupons. lOsik bid. 100 asked; Charleston
Railroad Bonds-savannah, Florida and
! Western railroad general mortgage bonds,
per cent. interest coupons, l3 bid, ia
I
consolidated per cent coupons, anuaTy
| and July maturity, 1887, lO2 bid, JOB asked;
Central Railroad and Banking Company.
| collateral gold SIS, 50 bid, IS asked; Central
| Of Georgia railway first mortgage 5s, 1915,
| Ill bid, 112 asked; Central of Georgia rail-
| way consolidated 5s, 50-year gold bonds.
| 81 bid, SO asked; Central of Georgia rail-
| way, first preferred incomes, 30 bid, 1919
asked; Central of Georgia rail-
is bid ie'04 iaA d pIsedfreo Central G0y Of
| Georgia Railway third preferred in
| comes, 13 asked when issued; Georgia
| lotte, Columbia and Augusta first IS,
| 105 bid. 1O7 asked; Charlotte, Columbia
| and Augusta second mortgage IS, III bid.
| l13 asked; Georgia Southern and Florida
] new 5s, IS bid, SO asked; South Geor-
| gia and Florida first mortgage Is, 100 bid,
- asked South Georgia and Florida sec
ond mortgage Is 1O4 bid, - asked; Sa-
vannah, Americas and Montgomery bs,
| So bid, 50 asked; Ocean Steamship per
| cent bonds 1920 95 bid 81 asked; City
per cent. bonds, 7615 bid. 79 asked; Elec-
trio Railway 5s, due 1885, "a bid, 30 asked;
| Alabama Midland 8 per cent Endorsed, -
bid, 80 asked Brunswick and Western Is,
- bid, 70 asked; South Bound railroad IS,
70 bid. 76ls asked; Southern Railway 5s,
Railroad stocks-Augusta and sayan;;
common, = bid. "A asked; Georgia com
bid, 80 asked Atlanta and West
Point Railroad stock, SO bid, 1Ol asked;
Atlanta and West Point 6 per cent. GER
tificates, 80 bid, 100 asked; savannah Con-
struction Company, rs bid, 76 asked
Gas Stocks-Savannah Gaslight stock,
22la bid, 281z asked; ELECTRIC Light and
Bank Stocks, Etc.-Citizens' Bank.
III bid III asked; Chatham Bank Bank
iO 77' bid, los asked; Merchants National
Bank 102 bid 103 asked; National Bank of
Savannah. 1872 bid, 1873 asked; ogle-
thorpe Savings and Trust Company, 1O41s
bid, los asked; Southern Bank of State
nah Bank and Trust Company, 106 bid.
and Improvement Company, A, 5Slt bid,
title + ae GUARANTEES and Loan Company, ssi5
Factory Bonds-Augusta Factory IS,
1882 bid, 1O4 asked; Sibley Factory IS, 100
bid, 1O1 asked; Enterprise Factory Ss. 100
featuring Company, per cent. bonds, 80
bid, soy asked.
tory, so bid, "a asked; Eagle and Phenix
Augusta 1I Ia Factory Il bid, 50 asked Gran
ley Factory, los bid. ITO asked; Enterprise
Factory, common, 101 bid, 104 asked;
J. P. King Manufacturing. Company, l0S
| bid, 40 asked; Sibley Manufacturing Com
pany. so bid, SO asked; Savannah Brewing
Company, "a bid; Sc asked.
New York, Feb. 15.-Money on call was
at 3 per cent. Prime mercantile paper, s
al per cent. Sterling exchange, steady,
with actual business in bankers bills at
81. S61 "A .861A for sixty days, and 81 S71z6
4S734 for demand; posted rates, $3.50
| 4.SSl5 commercial bills, 81. S5a4q4 S6iz.
Bar silver, 672sc.
| Government bonds were steady; state
bonds were dull; railroad bonds were
| easier.
Silver at the board was nominally lower.
New York Feb. 15.-Treasury balances
were as follows: Coin, S116177 246: cur
rency, $50, 1884, 7S.
New York Feb. 15-The weekly state
l +I,~
following changes: Reserve, decrea,e
49, 363, $50; loans, increase, 1871, 300; specie,
decrease, 1852, 800; legal tenders, increase,
49, S44, 200; deposits, increase, $261, 600; crcu-
latiOn, decrease, 1929, 400; the banks now
hold $36, in excess of legal require
New York Feb. 15-The Financier, in
its bank statement, says: The statement
| of the Associated Banks of New York
city, for the week ending Feb. Is. is to
be regarded as favorable although it is
not exactly what had been expected.
The increase of IS, 81, 300 in the loan item,
for instance, would be taken ordinarily
to mean that business was expanding, but,
as the Financier pointed out in it's analy-
sis of the New York bank statement sew
eral weeks since, it is not safe to judge a
sudden increase in loans following a gov
eminent bond issue as indicative of such
a revival While there is no exact means
| of knowing, it is almost certain, in view of
the fact that the corresponding items are
not affected, that some of the banks are
charging up their purchases of govern
| Hlenl lOdIlS " dCCOuhl MS mas DeeH an
invariable experience during the weeks
following former issues, and 1t would not
be at all surprising to note heavy increase
in loans for some weeks to come.
| The sudden change in cash holdings was,
| of course to have been anticipated, but
the bank report is a little belated in COW
ering the entire week. The treasury has
since one week ago Saturday, received in
the neighborhood of $50 100000 in specie
This does not all come from the banks
but it is to be doubted whether their pay
ments constituted only 500 of the to-
tai as the statement shows.
The six national banks acting as gov
eminent repositories, now hold according
to close estimates, from $S,000000 to $1,000
600 treasury gold. This is secured to the
government by special deposits of United
States bonds.
The legal tender increase of s.. S44, 200 was
brought about in part by the excess of
interior receipts and by operations with
the treasury on bond account. The cir