The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-10-18

nah SO bid, 80 asked; Georgia common, i52
bid, 155 asked; Southwestern, 8712 bid, SS1a
asked; Atlanta and West Point railroad
stock, IS bid, 80 asked; Atlanta and
West Point per cent. certificates, SO bid,
81 asked; Savannah Construction Com
pany. - bid, 65 asked, ex-div.
Gas Stocks-Savannah Gas Light stock,
2O12 bid 2112 asked Electric Light ana
Power Company, SO bid, 60 asked.
Bank Stocks, Etc.-Citizens Bank, 10
bid, Ill asked; Chatham Bank 4512 bid.
461. asked; Germania Bank, JOG bid 107
asked; Merchants National Bank, 80 bid
91la asked; National Bank of Savannah,
1876 bid, 12S asked; Oglethorpe Savings and
| Trust Company, 100 bid, 103 asked; South
ern Bank of the State of Georgia, 1859 bid,
III asked; Savannah Bank and Trust Com
pany, 10113 bid, 1929 asked; Chatham Real
Estate and Improvement Company, A, 81
bid, 50 asked; b. so bid 81 asked People )
Savings and Loan Company, 80 bid, 911a
asked
Factory Bonds-Augusta Factory, 6s, 100
bid, 1902 asked; Sibley Factory Is, 100 bid,
10l asked Enterprise Factory 6s, 101 bid,
l02 asked; Eagle and Phenix Manufacture
ing Company, per cent. bonds, 81 bid, Al
asked
Factory Stocks-Savannah Cotton Fac
tory, - bid, so asked; Augusta Factory, rs
bid n asked, ex-div.; Granitevile Factory,
145 bid $50 asked; Langley Factory, 103 bid,
105 asked; Enterprise Factory, common,
80 bid, 100 asked j. p. King Manufacturing
Company, 100 bid, 103 asked; Sibley Man
ufacturing Company 20 bid, rs asked; Sa-
vannah Brewing Company, So bid, 95 ask
ed.
London, Oct. 17.-Bar silver 3Olsd Con-
soils 1918 for money and 10S for the ac-
count
Paris, 4!3O p. m.-Three per cent. rentes
101 francs, So confines for the account
New York, Oct. 17.-Money on call was
at 4 per cent. Prime mercantile paper, So
8 per cent. Sterling exchange heavy with
actual business in bankers bills at $4,000
4.S0& for sixty days, and s4S314@ 4.S3l9 for
demand; posted rates, $4.S1124484l2 Com
mercfal bills, $479d4.S0 Bar silver 651sc.
Government bonds strong; state bonds
were dull; railroad bonds firm; silver at
the board was higher.
New York, Oct. H-The treasury bal
ances We're as follows: Coin, $126,3 04, $50;
currency, SIS, 777994.
New York, Oct. 1.-THE weekly state
ment of the associated banks shows the
following changes: Reserve, decrease,
50, SIS, 100; loans, decrease, 1854, 900; specie,
increase, $685., 900; legal tenders, decrease,
S. 81 500; deposits, decrease, $4 7S9, 900; cir
culation, increase 1925, 300 The banks
now hold 81, 911, 100 in excess of the legal
requirements.
New York, Oct. 1.-THE New York FL
nancier says this week: LAS a result of
their operations for the week ending Oct.
II, the associated banks of New York city
report a decrease of SO, 6S8, 100 in reserves,
and a loss of $4,SS5, 800 in cash, the gain
of $6S6,0O0 in specie having been offset by
the heavy loss of s., 81, 500 in legal tenders.
Despite the fact that the receipts of gold
from abroad during the period covered by
the report have not been heavy, the state
ment is not as favorable as had been an
44..s.. i- Cd hAxrr Ixj
conditions which do not appear on the
surface. The banks lost to the interior,
as near as can be estimated, something
like 81, 100000, and the only offset was the
increase in specie, as shown in that item
But all the gold received during the week
did not figure in the statement and this
fact, together with the assurance that
imports are bound to continue in heavy
volume rather favors the idea that the
money market will not exhibit that de-
gree of stringency which a superficial
study of the statement might indicate.
The discrepancy between the total loss
of cash and the amount which went into
the interior is large, and the only way
to account for it is on the superstition
that large loans were made for gold i'm
porting purposes. That these were made
is known, as the calls by the banks on
borrowers during the week affected the
loan market daily. If the banks had not
put this money out again, the contraction
in the loan item would have been very
heavy AS it is, there is only a change
of $2540O0 since the statement of Oct
TO- The open premium ruling on gold in
dictates that there must be a demand for
it, and there is doubtless some hoard
ing, but the current statement does not
reflect this in a general way.
AS compared with Aug. % last, the de-
posits OF New York banks have increased
only 100000, although the imports OF
gold since that time have been in the
neighborhood of 500 31G. 600. This will in
dictate the volume of the interior move
ment. In the same time loans have ex-
panded only $1250,OO0, and the reserve is
only 100000 heavier.
10. - soe IS1-t 20 ,or I,oo-t % 5ot