The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-08-23

| gia railway. consolidated 5s 51-year gold
/ bonds ~ bid. 81 asked. Central Cf Georgia
/ railway first pref. incomes. p BID. ~
/ asked; Central of Georgia railway second
| preferred incomes, 10 bid. II asked. Central
| Of Georgia railway third preferred incomes
| bid. asked. Georgia Railroad IS. 1910
/ - bid. ll2 asked; Charlotte. Columbia and
| Augusta FIRST IS. leo bid. l0liz asked Char
| lottIe Columbia and Augusta second mort
/ "a &c :. - bid, ll2 asked; Georgia Southern
] and Florida, new s.. - bid. SO asked:
4 South Georgia and Florida first mortgage
/ IS bid. l06 asked. South Georgia
/ and Florida. second mortgage Is - bid los
/ asked. Savannah. Americas and Nonf-
| gomery, s., - bid. s. asked. Ocean Steam
| ship per cent bonds. 1896. - bid. IS asked.
/ City and Suburban railroad first mortgage
| Z per cent bonds, - bid. IS asked: Electric
Railway S.. due 1895. - bid. ~ asked. Ala
/ hama Midland s per cent indorsed. ~ BID.
I % asked. Brunswick and Western Is -
| bid, = asked; South Bound railroad "a -
l bid. Is asked, Southern railway s. 70 bid
50 asked. Georgia and Alabama con-
| soils, - bid. u asked.
Railroad Stocks-Augusta and Savs,,-
nah, s. bid, SO asked, eX-div; Georefa
common. l55 bid. 161 asked: SouthvesteT-,
"a bid, s. asked. eX-div.: Atlanta ana
| West Point railroad stock, 97i9bid gsiL 81
ed; Atlanta and West Point 6 per cent
certificates. bid, IS asked; Savannab
Construction Company. 65 bid ~ asked
Gas Stocks-Savannah Gas Light stock
% bid, p asked. ex-div.. Electric Light
I e0.
eX-div.
Bank Stocks. Executions Bank. 11olL
/ bid. ll1ia asked. ex-div.: Chatham Bank
46ia bid. 47Iz asked. ex-div. ;Cfermania Bank
/ 1857 bid, l0Ii2 asked. eX-div.; Merchants
National Bank 80 bid. 81 asked. Natiora1
Bank OF Savannah. 80 bid. l32 asked ex-
div; Oglethorpe Savings and Trust Com
pany 1924 bid. 1872 asked. ex-div.; South
ern Bank Of the State Of Georgia. 1891 bid
l70iz asked, ex-div.; Savannah Bank ana
Trust Company 1O3 bid, lOl asked
ex-div; Chatham Real Estate and I'm
provement Company, A, 50 bid. 53ss ask
ed; 3. 50lz bid. 81 asked. ex-div.; Peo-
pie savings and Loan Company 9lk bid,
Factory Bonds-Augusta Factory 6s 1o2
bid, l03 asked; Sibey Factory IS. 100 bid
l02 asked; Enterprise Factory Gs 1O3 bid
lO4 asked Eagle and Phenix Manufactur-
ing Company, per cent. bonds, - bid. 60
asked.
Factory stocks-Savannah Cotton Fac
tory, - bid, 80 asked; Augusta Factory,
a bid, 80 asked, ex-div.; Granite vile Fac
tory, l45 bid, 80 asked; Langley Factory.
Jos bid, 10 asked; Enterprise Factory.
common. IS bid, 1902 asked. ex-div.; ]. p.
King Manufacturing Company, lO5 bid. los
asked Slbley Manufacturing Company, rs
bid, rs asked; Savannah Brewing Com
pany. - bid, Is asked
New York, Aug. 22.-MOney on call was
at per cent. Prime mercantile paper, s
a 3 per cent. Sterling exchange was easy.
with actual business in bankers bills at
SAS4AU4Aia for sixty days and "a S5I n
4.S5lh for demand; posted rates. s4S6T
ASIA. Commercial bills. $4S3dis3st Bar
silver, 66lzc. Mexican dollars. 5lkd3sac.
Government bonds were easy: state bonds
were dull; railroad bonds We're weak Sill
yer at the board was neglected.
New York, Aug 22.-The treasury ball
ances were as follows: Coin, SIP l46. 72O;
currency, S7S,5l79OO
New York. April 22.-The weekly state
ment Of the associated banks shows the
following changes: Reserve decrease
Sl2f52 loans, decrease, s.. 7S4, 200; specie
decrease, $66 400 legal tenders decrea Sc.
2Si,S0; deposits decrease. s.. O95. 100: cir
culatlon, Increase, S576,000. The banks
now hold $9,272650 in excess of the legal
requirements.
New York. Aug. 22.-The New York
Ffnancier says this week 1.-THE state
ment OF clearing house banks Of New
York for the week ending Aug. % came
as an agreeable surprise, after the gloomy
forecast which had been made as TO a de-
crease Of the reserve. The banks loss in
crease 8,4Ol,3OO, or s., 456 500 less than the
contraction of the week. The loss in loans
was $o,sAlOO, as against So ll9 400 for the
week ending Aug. Is. The actual decrease
in reserve for the week was only Sl27. 525,
the total now out standing at 1922 $50.
The heaviest change was in deposits
which shrank S9O95. 100. This was the log
iCdl eilect u the contraction in loans and
| the Withdrawals funds to west and south.
the movement towards these two points
continuing. The continued demand for
money from these centers of course.
makes II necessary for the banks to cali
IN out standing loans and the statements
| shows that this was prevented by a much
heavier loss in reserve. In fact, the posi-
tion OF the banks is as strong as 1t was one
week ago, as they have taken full meas
ure to protect themselves, but as money is
| badly needed. the issue of clearing house
certificates, if decided upon at a meeting
| TO be called Monday. will come as a re-
| lief to the mercantile world AS the banks
| hold on an average their full % per cent
! reserve they are in position perhaps. to
| postpone this movement, but on the other
| hand, an expansion of credit might pre-
vent unfortunate liquidations The imDor-
tation OF nearly 100000 of god, If fol-
| lowed by additional shipments will have
| the same effect. The bank note expansion
| now going on cannot be made heavy
enough TO answer the full purpose In
view of the plain purpose of issue of Ger
/ tfhcates at this time, conservative bank
/ presidents do not think that the issue will
be followed by cash Withdrawals or hoard
| ing.
| The extent Of shrinkage which has been
/ going on this season can be understood
/ better when il is stated that the loans of
/ the New York banks are now nearly $50
| 100000 less than for the corresponding week
! last year, and deposits are S115, 286 600 low
! er.