The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-10-11

Georgia Railway, first preferred incomes.
261a bid Is asked, ex-interest; Central of
I Georgia Railway, second preferred in
comes, 10 bid, Il asked; Cen
preferred incomes, bid, asked;
Georgia railroad IS, 1910, 1O5 bid,
108 asked; Charlotte, Columbia and
Augusta first IS, 100 bid, 1OlI5 ask
ed; Charlotte, Columbia and Augusta sec
ond mortgage Is, los bid, 10 asked Geor-
| gia Southern and Florida new 5s, 90 bid,
| "a asked; South Georgia and Florida first
| mortgage Is, bid, 106 asked; South
| Georgia and Florida, second mortgage Is.
- bid, 105 asked; Savannah, Americas and
| Montgomery IS, 90 bid, 6S asked; Ocean
| Steamship per cent bonds 1925 - bid
9S asked; City and Suburban railroad first
| mortgage per cent. bonds, - bid, rs ask
ed Electric railway 5s due 1885, 10 bid, 10
! asked, Alabama Midland per cent in
| dorsed, SIS bid, IS asked; Brunswick and
| Western As, - bid, 20 asked; South Bound
| railroad IS, - bid. % asked Southern rail-
way IS, "a bid, So asked Georgia and
Alabama first preferred 5s, 81 bid, IS ask
! ed; Georgia and Alabama first consols Go
bid, 20 asked.
Railroad Stocks-Augusta and Savan-
nah, IS bid 80 asked; Georgia common, 152
bid, 155 asked; Southwestern S715 bid, SSlk
| asked Atlanta and West Point railroad
stock 97i9 bid, 9SIa asked; Atlanta and
| West Point per cent, certificates, IS bid,
SO asked; Savannah Construction Com
| pany, 62h bid, 65 asked, ex-div.
Gas Stocks-Savannah Gas Light stock.
20 bid. q asked Electric Light and Power
| Company S. bid, 60 asked. a
Bank Stocks. Etc.-Citizens Bank, 1922
bid. 1101a asked; Chatham Bank, Az bid.
| 46 asked; Germania Bank, 106 bid, 1917
| asked Merchants National Bank, 80 bid,
91la asked; National Bank of Savannah,
| 125 bid, 12S asked; Oglethorpe Savings and
| Trftaf a-Ira
ern Bank of the State of Georgia, 1859 bid,
Ill asked; Savannah Bank and Trust
| Company, 100 bid, 1O2 asked; Chatham Real
| Estate and Improvement Company, A, SO
bid, "a asked; b 80 bid, 81 asked; Peoples
Savings and Loan Company, 80 bid, 91h
| asked.
Factory Bonds-Augusta Factory 6s, 100
bid, l02 asked; sibley Factory IS, 80 bid,
| 101 asked; Enterprise Factory 6s, 100 bid,
101 asked; Eagle and Phenix Manufacture
| ing Company, per cent. bonds, - bid, so
| asked.
Factory Stocks-Savannah Cotton Fac
| tory bid, 80 asked Augusta Factory, 70
bid. n asked. ex-div. Graniteville Factory,
| l45 bid, $50 asked; Langley Factory, 103 bid,
| 105 asked Enterprise Factory, common,
| 30 bid 100 asked; j. p. King Manufacturing
| Company, 100 bid, 1903 asked; Sbley Man
| ufacturing Company 70 bid, rs asked; Sa-
vannah Brewing Company, - bid, 70 ask
| ed.
London, Oct. 10.-Bar silver, 20 15-16d:
| Consos 1903 for money and 1895 for the
account. Paris advices quote 3 per cent.
rentes 10l francs 90 centimes for the ac-
| count.
New York, oct. 1O.-Money on call 4d5
| per cent Prime mercantile paper, Sd9
per cent. Sterling exchange dull, with
| actual business in bankers bills, at $4S1h
| 4S1% for sixty days, and 81 S3s4d4. "a for
demand. Posted rates 81. S2G4 S41z. Com
mercial bills, &S0d4.S1 Bar silver, 64%c;
| government bonds easier. State bonds
were dun; railroad bonds weak. Silver at
the board was neglected
New York, Oct. 10.-The treasury bal
anees were as follows: Coin, 1927. 5760l1;
currency S59,65O,4SS
New York Oct. 10.-The weekly state
ment of the associated banks shows the
! following changes: Reserve, decrease,
S926S25 Loans, increase, 1927, 800. Specie,
! increase, 81, $4,000 Legal tenders, de-
crease, SECS 200. Deposits. increase. 3d.
| 75l,700 Circulation, increase, 1885, 400. The
banks now hold SIS, 599, 200 excess of the
legal requirements.
New York Oct 10-The New York FL
nancier this week says; The statement
of the clearing house banks of New York
city for the week ending Oct 10 reflects
the operations of an active week. De-
spite the fact that the shipments of cur
rency to the interior for the past seven
days exceeded 100000. the banks report
no loss of cash; in fact, there was an
actual gain of sl1, 100, the increase in spe
Gle counteracting the loss of $2,6 200 in
legal tenders AS the imports of gold
during the period covered were about
equal to interior shipments, the small
change in cash reserve does not appear at
all Illogical.
Loans showed an unusual expansion
of 81, 227 500 which Is a favorable ndica-
ton, although the increase is probably
ia fftrt har rot
for increased gold imports. Aside from
this. however, there have been a num-
Der of local causes for loan expansion.
The favorable feature of the statement
is an increase of 1915, 800 in deposits, the
total now reaching $45S, asa, 500, or nearly
&c. 900 in excess of loans. The increase
| i'm the deposits calls for an additional
reserve liability and the banks report
S926, S25 less surplus cash than at the close
OF the previous week. The excess reserve
Is still $5 200, which is larger than
for the corresponding week last year by
over 81 100000. The operations of the week,
including as they did a temporary rise
In the local money market, due as much
as anything else to the demand for cash
from the west and south, together with
the rapid fall in sterling exchange, which
Is an incident closely connected with this
demand, presage continuance of gold
Imports from Europe. The trade bal
anees are largely in our favor and must
continue so for some time TO come. 1t
is only natural, under these conditions
that the funds drawn from New York
should be replaced by remttances from
abroad, ana conservative bankers would
not be surprised If this second movement
exceeded eXpectatio The weeks en-
gagements of gold are in excess Of $1,000
co., and unless unforeseen circumstances
prevent. the total will probably be dou-
bled soon. OF course, an advance in for
eign money centers might check a con-
tinuance OF these imports
Oct10 96. Oct ~, IS. Oct. 10, "a.
Loans .... Si56 300 sos sos. 600 $500 l6S 29O
Specie .....i 49, i05, 400 60GSl 900 % 500 q0O
Legal tar. L7700O0 S6S67 500 1851 200
Net depts.. 4jS 49, 500 $50 i91 200 500 $50 100
! Circ'rt'n ..I 20 995 500 IA S07 800 IL "a 7o,,