The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-04-05


Smiths. maturity 1895. 1901 bid. l0iIs asked:
South Carolinds4iss, los bid, 1851 asked.
City Bonds-Atlanta Z per cent. lO7 bid.
los asked; Augusta AIS, 1875 1O5 bid, lOs
asked; Augusta Z per cent. IL bid. 115it
ASKED augusta per cent, ~ bid. ll5
asked: Columbus 5 per cent, 10s bid. 100
ll65s asked; Savannah per cent. quarter
y April coupons, ZOE bid, asked; Sa-
Yannah per cent. quarterly May cOu-
s. bid 50 asked
Railroad Bonds Savannah, Florida and
Western railroad general mortgage bonds
s per cent. interest coupons, il4IS bid. -
asked; Atlantic and Gulf first MORTGAGE
CONSOLIDATED per cent. coupons, January
asked; Central Railroad and Bankine
company, collateral gold IS, 100 bid
T 19i 2sk fTi Central Of 1o,z GeoTgia
~ asked; Central of Georgia railway
consolidated IS, 50-year gold bonds. s.
BID, % asked: Central OF Georgia railway
Central Of Georgia railway, second pre-
TERED incomes, Is bid, l6 asked Cen
tral OF Georgia railway third preferred in
comes IL asked; Georgia railroad IS. 1870
~ bid, lib asked; Charlotte, Columbia
and Augusta first IS, 1o5 bid, los asked;
Charlotte, Columbia and Augusta second
mortgage Is, lis bid, 116 asked; Georgia
Southern and Florida new IS, IS bid. 81
asked; south Georgia and Florida first
mortgage Is, Jos bid, asked South
Georgia and Florida second mortgage Is
1O1 bid, asked; Savannah, Americas
Ocean STEAMSHIP per cent. bonds, 1870
100 bid, none offered: City and Suburban
railroad first mortgage per cent. bonds,
due 1885. - bid, % asked; Alabama Mid,
land per cent. Endorsed, - bid, 80 asked;
allldS elI,t ana Western 4s, bid, g
90 asked; Southern Railway 5s, 9Olz bid,
nah 90 bid, 9s1k asked: Georgia common.
ex-div., l65 bid, 10 asked: South
western sGta .E So bid bid: s2lf asked; At
road stock, 100 bid l02 asked: atlanta
and West Point 6 per cent. certificates,
100 bid, lOl asked; Savannah Construction
Company, Y bid. q asked. ex-div.
Gas Stocks-Savannah Gas Light stock,
22A bid, &A asked; Electric Light and
Power Company, So bid, IS asked.
Bank Stocks, Etc.-Citizens Bank.
11S bid, 1872 asked; Chatham Bank
1851 bid, 1887 asked; Merchants National ona
of Savannah 1874 bid, 1855 asked; OgIe-
thorpe Savings and Trust Company, I0e
bid, : asked; Southern Bank of State
nah Bank and trust Company. ios siS'' lid 5lli-
- asked; Chatham. Real Estate and I'M
provement Company. a, 53ls bid, "a asked;
and Loan Company, 9lh bid, 80 asked.
Factory Bonds-August Factory g.
1914 bid. 1O6 asked; Sibley Factory 6s'
IS, los bid, JOG asked; Eagle and Phenix
! Manufacturing Company, 6 per cent
bonds, 80 bid, SSA asked.
| Factory Stocks-Savannah Cotton Fac
| tory, go bid. Ga asked; Eagle and Phenix
/ Manufacturing Company, 70 bid, q asked;
Augusta Factory. as bid, 50 asked; Gran
iteville Factory. 1855 bid, 15S asked; Lang
| ley Factory, 10S bid. 40 asked; Enterprise
| Factory, common, 1O2 bid, los asked; J. p
King Manufacturing Company, 10S bid,110
/ asked Sibley Manufacturing Company,
| rs bid, 80 asked; Savannah Brewing Com
| pany, so bid. 80 asked.
London, April 4.-Bar silver quiet and
steady, S1l5d. Paris advices quote per
cent rentes 101f 75c for the account.
New York, April 4.-Money on call was
/ at 3i5 per cent; Prime mercantile paper,
! 5i5Q6 per cent. Sterling exchange strong,
| with actual business in bankers bills at
! $4.SSd4.SSA for sixty days, and S4S91a for
demand. Posted rates, $.S9Q4,90 Com
mercial bills, $S71204S734. Bar silver,
bonds steady; state bonds. dull; railroad
bonds active. Silver at the board was
New York. April 4.-The treasury bal
ances to-day were as follows: Coin, $751;
941, S54; currency, $50, 766, 192.
New York, April 4.-The weekly state
ment of the associated banks showed the
following changes
| Reserve, decrease, ..................Sl,l4l $50
/ Loans, increase, .................... 5zS5VV
| Legal tenders. decrease, ........... 1,566 100
| Deposits. decrease, ......-.......... 1880
! The banks s now hold Sl7 Oo5, in excess
| of legal requirements.
New York, April 4.-The New York
| Financier says this week: The statement
Of the clearing house banks of New York
| city for the week ending April 4, is I'M
| important in its general features. the
| operations of the week being shown in
| the decrease of 81, 14l 45O in the reserve,
| leaving the excess cash in banks at ST.,
| COS, 975, as against $13,929, 925 for the same
| ed its lowest point-$l3, Ala, 450-on March
| 30, 1895, and from that time began to in
| crease, standing four weeks later at $25,-
| 270,675. But during that time the imports
| of gold were in excess of exports, and the
| movement from Europe during the next
/ month, or in May, amounted in the ag
| gregate to So, 1863. The interior move
| ment at the same time was heavy, the
| reserve of the New York banks standing
| on May %, 1895, at $40oO5, 100. This show
| ing is interesting in view OF the present
situation, when the total reserve of the
| banks is decreasing, and a resumption of
| gold exports is announced to begin next
| Tuesday by one firm The government also
| has large sum of money deposited with
| designated banks, and a call for a por
| ton of this may be made at any time.
The movement from the interior has not
| been as yet disturbing factor, but it will
| be seen readily that the outlook becomes
| more complicated in view of the presence
| of factors which were absent last year.
| Then the rate for call money ranged be-
| tween u per cent-in fact, it never got
| above Pc per cent. when the reserve was
| four millions less than at present when
| call money lends at between and 3h
per cent. This. too. is in the face of the
| fact that certain percentage of foreign
| money is being loaned in the market The
| latter fact is significant, and 1t is said that
| IL has had a bearing in delaying a call
| from the treasury for bank deposits. The
| reserves of many of the New York banks
are already down to the required limit and
the outlook; despite the comparisons with
! last year, does not seem to favor easier
| rates at present. The eXplanat ton of this
| lies in the fact that the condit,on are more
| normal and the locking up of a great deal
of money by the bond transaction has
counteracted the imitation from which the
| country has been suffering since 1892 The
averages show the following compared
| with the last two years:
April 4, '96 April 6, '95 April T. '94
Loans .s456 "a. 800 $3.50 4SS 300 $3.50 426 900
Specie ...... 1921, 900 64,711,2 200 Sc. $4,000
Leg. tder.. 7S,203, 300 1854, 300 119, 100, 300
Net depts.. 49,, 795, 700 500 S223 300 554 496 800
| Cir'la ton =. IA, 254, 500 13,084OOO II 1449OO
Total res E. 197,454,9OO 139, 1S5,5OO 2l9, 49, 200
Res. req'd. 12O,44s,S25 125.2O5,575 lSS, 62f2z5
serve 49,: 17OO5.975 1s,9sO,O25 50. 1885
New York, April 4, Noon.-Erie, is;
Northwestern. 1899 do preferred, i45iS;
Lake Shore, 146: Norfolk and Western,
Cd