The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-22

. | Incomes, or Dlut or dShcut CGOA 6lG A1A-
road 6s 1910 10S bid, 10 asked; Charlotte
Columbia and Augusta first 5s, 1N bid, 1OS
| asked; Charlotte Columbia and Au-
gusta second mortgage Is, 13 bid
ia asked; Georgia Southern and
| Florida new 5s. sc bid, 9S asked; South
Georgia and Florida first mortgage Is, 10i
bid. 10s asked; South Georgia and Flor
ida second mortgage rs, 1O4 bid 1O5 asked
Ocean steamship per cent
bonds, 1926, 1902 bid, 1OS asked; City and
| Suburban Railroad first mortgage Z per
| cent. bonds, bid, 70 asked Electric
Railway s. due 1885, IA bid, 10 asked; Ala
| bama Midland per cent Endorsed, 80 bid,
So asked; Brunswick and Western 49,
| - bid, 20 asked South Bound railroad 5s,
- bid, 70 asked; Southern Railway IS, 81
bid % asked; Georgia and Alabama nrst
| preferred IS, Sc bid, 9S asked; Georgia
| and Alabama first consols, n bid 81
/ asked.
| Railroad Stocks-Augusta and Savan-
| nan, "a bid, IS asked; Georgia common, 49,
| bid, 165 asked; Southwestern, SO bid, 70
asked; Atlanta and West Point rallroan
stock, 101 bid, 102 asked; Atlanta ana
| West Point per cent certificates 100
| bid, 102 asked Savannah Construction
| Company, SO bid, II asked.
Gas Stocks-Savannah Gas Light stock,
81 bid, % asked; Electric Light and
| Power Company 80 bid - asked
bid. 110lA asked; Chatham Bank, 46 bid,
AZ asked; Germania Bank, 107 bid, JOS
| asked; Merchants National Bank, 80 bid,
| 81 asked National Bank of Savannah
| l27 bid, 12S asked; Oglethorpe Savings and
Trust Company, 1O2 bid, 1914 asked; South
ern Bank Of the State OF Georgia, 1853 bid,
| III asked; Savannah Bank and Trust Com
pany, 101 bid, 1921 asked; Chatham Real
| Estate and Improvement Company, A, 50
bid, 81 asked; b, 80 bid, 81 asked Peo-
pies Savings and Loan Company, 81 bid.
90 asked
Factory Bonds-Augusta Factory, 6s, 100
bid, 1902 asked; Sibley Factory 6s, 100 bid,
10l asked; Enterprise Factory IS, 101 bid,
l02 asked; Eagle and Phenix Manufactur-
ing Company, per cent. bonds, 40 bid, 80
asked.
Factory Stocks-Savannah Cotton Fac
tory, - bid, so asked; Augusta Factory, n
bid, 50 asked, ex-div.; Graniteville Fac
tory 145 bid, $50 asked; Langley Factory,
100 bid, 105 asked; Enterprise Factory,
common, IS bid. 100 asked; ]. P. King
Manufacturing Company, 102 bid 105 ask
ed; Sibley Manufacturing Company, 70 bid,
n asked; Savannah Brewing Company, 81
bid. 81 asked.
London, Nov. A.-Bar silver, 20 15-16d.
Consols 11015 for money, and 11O9s for the
account
|, Paris, Nov. 21-3 per cent. rentes 1902
francs 671z centimes for the account.
New York, Nov. 21.-Money on call was
easy at 2l2 per cent. Prime mercantile pa
per, 5q515 per cent. Sterling exchange firm
with actual business in bankers bills at
$4.S2lsq4. S294 for sixty days, and $4S6d4 S614
for demand. Posted rates, &S394. s61a.
Commercial bills, As14G4S2A, Bar
silver, Csc. Government bonds were
steady, state bonds were dull, and rail-
road bonds were weak. Silver at the
board was higher.
New York, Nov. 21.-The treasury bal
ances were as follows: Coin, $12O,94 ,2S2;
currency, 46,946.59s.
New York, Nov. A.-The weekly state
ment of associated banks shows the fol-
lowing changes. Reserve, increase. s.. SO1. =
$50; loans increase, $9,553. 900. Specie, in
crease, A,206, 500; legal tenders, increase,
N079,e00; deposits Increase, $21 937, 800; cir
culation decrease Sl67, 200. The banks now
hold $40, 5O5,575 in excess of legal require
ments.
New York, Nov. 2LThe New York
Financier says this week: 1.-The magnif-
cent showing made by the clearing house
banks for the week ending Nov. q, was a
matter of surprise, even to the bankers,
who had expected a favorab BILE statement,
but had not counted on the enormous in
| creases which we're reported The banks
gained in cash during the week no less
than $11,2S6,000, of which $4206,50O was
specie and $7,079,6OO legal tender. Deposits
expanded to the amazing figure of $21,-
93I 800, which 1t is needless to say Is the
largest total ever recorded in a single
week, while loans ran up 1858, 400 The
latter item, of course, contributed to-
ward swelling the deposit account, but 1t
reflects the great revival which has taken
place since the election. Under any cir
cumstances, the market would have been
affected by this expansion, but so great
| is the flood of money pouring into the
banks, that, in the face of this great de-
| mand, rates have actually declined during
| the week. Counting from the statement
of Nov. Z, which reflected the condition
| OF business previous to the election the
banks have gained 1913, 935, 900 in cash. OF
which SIP. 472, 500 is specie, while loans have
expanded only $12.7 900. The ease in
money rates is, therefore. not remarkable
| 1t is estimated that the banks have gained
over 5000, 900 from the interior movement
| alone during the week. 1t seems as
| though the interior institutions which
were carrying from 50 to 60 per cent. cash
| reserves before election, are now unload
| ing their money on New York. The great
! gains which have accrued in the last two
| we ks can be appreciated only by com
| parison on Nov. T. the deposits of the
! New York banks were $43S, 437 800, the low
| est recorded since 1898; on Nov. p they
were $454,9e2 COO a gain of $37, SIS 900 in four
teen days, or at the rate of 81 200 900 a day
| But the room which yet exists for i'm
| provement can be judged when it is stated
| that loans now, in spite of recent i'm
| provements, are nearly SIS, 100000 less than
/ for the same week last year Deposits
are $4,000 0O0 less, but the surplus re-
serve, which gained So, sol $50 during the
week. is 100000 in excess. The circula-
ton of the banks, as might have beer
expected, is contracting from the high
figure reached during October, the de
cline for the week being $167,2OO. Heavier
decreases may be expected, from week tc
| week.