The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-29

IS. 5O-year gold bonds. 40 bid. liz asked
Central Of Georgia Railway first CONSOLE
dated mortgage IS 50 bid, 80 asked;
Central of Georgia Railway. first pre-
| ferred incomes, S4l3 bid, S5la asked;
Central of Georgia Railway, second
preferred incomes, IA bid, 10 asked; Cen
trail of Georgia Railway third preferred
incomes, 6l2 bid, So asked; Georgia rail-
road 6s 1910. los bid 10 asked; Charlotte,
Columbia and Augusta first 5s, 100 bid, los
asked; Charlotte Columbia and Au-
| gusta second mortgage IS, llS bid.
ia asked, Georgia Southern and
Florida new IS, Sc bid, 9S asked; South
/ Georgia and Florida first mortgage Is,
lO3 bid. 1915 asked; South Georgia. ana
Florida second mortgage Is, lO2 bid, l04
asked; Ocean steamship per cent.
bonds, 1926 l02 bid, 1903 asked; City and
Suburban Railroad first mortgage Z per
cent. bonds bid, IS asked; Electric
Railway 5, due 1885, "A bid, 10 asked; Ala
bama Midland per cent indorsed, IS bid,
| IS asked; Brunswick and Western As,
- bid, 20 asked South Bound railroad 5s,
bid, 70 asked; Southern Railway 5s ~
| bid, 81 asked Georgia and Alabama nrst
preferred SIS 81 bid, 80 asked; GeorSla
and Alabama first consols, 80 bid 81
asked.
Railroad Stocks-Augusta and Savan-
nah, 941b bid, 95ia asked; Georgia common
| 1852 bid, 165 asked; Southwestern 9219 bid.
stock, 1O1 bid, 1902 asked; Atlanta ana
| West Point per cent. certificates, 1OOha
/ bid 102 asked; Savannah Constructor
! Company 20 bid, Il asked.
Gas Stocks-Savannah Gas Light stock,
! 22l5 bid, 2Sla asked; Electric Light anu
! Power Company, 65 bid, - asked.
| Bank Stocks, Etc.--Citizens Bank, 1OsA
bid, 11015 asked; Chatham Bank, IS BID,
1 At asked; Germania Bank, 1O7 bid, los
asked Merchants National Bank, 80 bid
81 asked National Bank of Savannah
| 127 bid 1913 asked; Oglethorpe Savings and
Trust Company, 1O2 bid 104 ASKED; South
ern Bank of the State of Georgia, l59 bid,
! III asked; Savannah Bank and Trust Com
pany, 101 bid, 1927 asked Chatham Real
! Estate and Improvement Company, a, "a
| bid, asked B, so bid, 81 asked; Peo-
pies Savings and Loan Company, 81 bid,
SO asked.
Factory Bonds-Augusta Factory, 6s, 100
bid, 1902 asked; Sibley Factory 6s, 100 bid,
101 asked; Enterprise Factory 6s, 10l bid,
102 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, so asked, ex-div.; Graniteville Fac
tory, 145 bid $50 asked; Langley Factory,
100 bid, 105 asked; Enterprise Factory,
common, 50 bid. 100 asked; ]. p. King
Manufacturing Company, 1902 bid, los ask
ed, Sibley Manufacturing Company rs bid,
a asked; Savannah Brewing Company, "a
bid 81 asked.
London, Nov. 2S-Bar silver, 20 15-16d.
Consols Ill 11-16d FOR money, and 1l1%d
| for the account.
Paris, Nov, 2S-Three per cent, rentes,
1O2 francs 65 confines for the account.
New York, Nov. 2S.-Money on call was
at 2d3 per cent Prime mercantile paper,
64a4 per cent. Sterling exchange was firm,
with actual business in bankers bills at
| $483is for sixty days, and $4.86laGt4.S 6s4 for
| demand. Posted rates $4S4G14.S712 Com
mercial bills $4.S2a4.SS. Bar silver, 651sc.
Government bonds steady; state bonds
We're dull; railroad bonds were lower; sill
yer at the board was neglected.
New York Nov. 2S.-The treasury bal
ances were as follows: Coin, $l2l,OS, 45I;
| currency, S4, S97, 597.
New York, Nov. 2S.-The weekly state
| ment of associated banks shows the fol-
| lowing changes: Reserve, increase, 50, 1885,
$50; loans, increase, $S,S56, 200; specie, in
crease $4S7 800; legal tenders, increase,
S. 253, 300 deposits, increase, $14,SS9, co., cir
| culation decrease, 49, 800. The banks now
| hold $31, Al, 625 in excess of legal require
| ments.
New York, Nov. 2S.-The New York FL
| nancier this week says: The notable ex-
! pansion, which the New York banks have
shown since election, still continues. The
clearing house statement for the current
| week Is altogether yluS, NLt lHCI6eAS6
of S. $50, 200 in loans being particularly sig
nihcant of the development of trade in all
lines While this increase does not rep
| resent altogether purely commercial or
mercantile demands, a large proportion of
it is of this character. In two weeks the
banks of New York have increased their
loans no less than SIS 100000 and the ex-
pansion since Nov has been $21, 500
| Never in the history of the banks has such
| a development of business been manifested
in the same length of time. At any other
period it is safe to say demand for money
equalling the present movement, would
have resulted in very stiff market but in
the present instance this tendency Is
checked by deposits The increase in this
item alone during the week was $l4, SS9,OO0.
Since the election the banks have gained
| in deDosits no less than $50, 1876, 700, which
will indicate to some extent the release of
funds boarded previous to the election.
IT is noticeable that of the gain of S., $780,,
900 in cash made by the banks last week,
only 900 was in specie, the remainder
S. 253. 200 being legal tenders.
The clearing house vaults now contain
$40 500 COO gold an increase since the cleo
tion. of over $1000o00O. and the Increasing
use of legal tenders arises probably from
the exchange of gold at the subtreasury
A great deal of cash in the form OF legai
tenders came from the interior during the
week owing to the scarcity of exchange
and the treasury disbursements also
helped swell the totals. 1t is probably
tr,Ie that the deposits represent more than
hank exchanges and treasury disburse-
ments. as the savings banks are feeling
az effect of restored confidence and are
No small factor in this regard.
The total gain in cash since Nov. has
hoan nearly $4,000. 900 and some of this
comes through savings bank channels 1t
is interesting to record that advantage is
being taken Of the present ease OF tunas
nNa,,Fe Tins making a market for Ameri-
can capital in London on the present active
| market.
INov.29 96INov.8O, '95 Dec.1, 'si.