The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-05-30

ing Company. per cent. bonds. IS bid. 50
asked. , e,.,,, ,... ~,
tory, - bid. SO asked; Eagle and Phenix
Manufacturing Company, . bid, 10 asked;
Augusta Factory. % bid Is asked. Gran
iteVille Factory, $50 bid. 100 asked; Lang
lev Factory los bid. 10 asked; Enterprise
Factory common, 100 bid. JOB asked; j. u.
King Manufacturing Company, JOS BID, no
asked: Sib,ey Manufacturing Company. %
bid, Is asked: Savannah Brewing Company
London, May 29.-Bar silver 81 5-lGd;
consols 1885 for money and 1879 for the
New York. May 29-Money on cali was
easy at li2Q2 per cent, the last loan was
az 2 Der cent and at the clos ns was Of
fcred at per cent. Prime mercantile pa
per was at 4i2d5 per cent Bar silver
6S4c Sterling exchange, slightly easier
with actual business m bankers buls,
S4STaQAS72i for sixty days, and A.Sol2fc
4SS34 for demand. Posted rates, Si.SSfIi .SJl2.
Commercial bills, $LS6&0ASA. Govern
road bonds higher. Silver at the board cas-
Ter
New York, May 2o.-The treasury bal
ances We're as follows: Coin, SlOS3Si,5lO;
New York. May 29-The weekly state
ment of the associated banks shows the
following changes;
Reserve, increase ...................S 529 li5
Loans, increase ..................... ], tJoVl0
specie, increase ..........i........... Jl410d
Legal tenders, increase ...-.....--.-. t1,1u
Deposits, increase ......-............ l,S82.sO0
Circulation, increase ............... 1850
The banks now hold SEQ ,2SJ,GI5 in excess
of legal requirements.
New York, May 29.-The New York FL
nancier says tnis week: THE statement
of the New York clearing house banks for
the five days ending May 20 while it shows
a slight increase in the amount of idle
cash lying in the bank vault, is still favor
able in several particulars. The exhibit,
II should be stated, does not include the
total operations Of the week, the with
drGwals for Saturdays gold exports hay
ing been made after the average had been
computed. 1t is fair to infer, therefore.
that the actual amount of cash reserve on
hand, at the close of business Friday,
was lower than indicated in the totals
given and the excess reserve cores
pondingly less.
The expansion in loans was 81, $4,000 and
although this total is not as large as
might nave been wished, 1t probably re-
! fleets mercantile demand as stock eX-
| change business was almost stagnanL
The decline in money rates probably ac-
counts for the expansion In part. The In
terror receipts have been quite large dur
ing the week. The banks gained 1897 400
in cash according TO the statement 1911 800
Of this amount being I'm gold and only $72,
800 in legal tenders The increase in de-
posits was Sl,S32,9JO or nearly twice the
reported gain in cash. The deposit total
however, was the case with other items
does not reflect actual conditions. Taken
as whole the statement Is better than
earlier Indications presa8ed. The total
excess reserve of the New York banks is
now slightly in excess of $22, 1900, or
about half the amount reported for the
corresponding week last year. Total de-
posts are ScS coo. 900 less, and loans are ST.
100000 lower than for the corresponding
week of 1885 The banks have gained
about Sl2OO0,000 in gold during the pres
ent month, but they still hold $3.50 O,00O
less than on Feb 3, just before they began
TO turn gold into the treasury for bonds