The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-03-22
FINANCIAL.


Gays, LBS; Swiss, sixty days, $5.N;
marks, sixty days, 81 1916.
Domestic Exchange-The tone of the
market is quiet. Banks are buying at
par and selling at lilo per cent.-premium
Tor amounts TO $1,000 and over.
Securities-The market is extremely dull
and inclined to be nominal
Stocks and Bonds-State Bonds-Geor-
gsa, S15 per cent. bonds of 1880, 10115 bid,
l02l4 asked; Georgia 49, per cents, due 1915,
lOl12 bid, lO215 asked; Georgia AZ per cent.
ponds, 1915, ll4A bid, 1l5l4 asked; Georgia
Smiths, maturity 1886, 1Ol bid 1Ol1A asked;
south Carolina 412s, 1914 bid 1OsA asked.
city Bonds-Atlanta per cent, 107 bid
los asked; Augusta AS, 1925. 1O5 bid. los
asked; Augusta per cent, 112 bid 115I2
asked; augusta per cent, 11115 bid. 1l2i5
as asked: Columbus . per cent, 1OS bid, 1O4
III asked; Savannah per cent. quarter
" April coupons, 100 bid, - asked; Sa-
n oollIaIs 3 9oOIp per cent, quarterly May
coupons s hs l o% bid lOsls asked; Charleston
Railroad Bonds-Savannah, Florida and
western railroad general mortgage bonds,
. per cent interest coupons, 114la bid, =
| asked; Atlantic and Gulf first mortgage.
consolidated per cent. coupons, January
ana July maturity, 1897, 102la bid, 1881
Company, collateral gold IS, 100 bid,
IOi asked; Central of Georgia
railway first mortgage 5s, 1916. Ill bid,
| consolidated IS, 5O-year gold bonds, 50
bid, 81 asked; Central of Georgia railway
nrst preferred incomes. 80 bid, 80 asked;
| Central of Georgia railway second pre-
| ferred incomes, l5% bid. 1917 asked; Cen
| trail of Georgia railway third preferred in
comes Il asked: Georgia railroad IS. 1910.
and Augusta first IS, 105 bid, JOG asked:
| Charlotte, Columbia and Augusta second
mortgage rs, lis bid, 116 asked; Georgia
Southern and Florida new IS, IS bid. 96
asked South Georgia and Florida first
mortgage Is, 105 bid, asked South
| Georgia and Florida second mortgage Is
104 bid, asked; Savannah, Americus
and Montgomery, 5s, " bid, 70 asked;
| Ocean Steamship per cent bonds, 1920,
! 100 bid, none offered; City and Suburban
railroad first mortgage per cent bonds,
| 70 bid. = asked; Electric Railways 5s
due 1885, "a bid, % asked; Alabama Mid
| Brunswick and Western As = bid, rs
asked; South Bound railroad SIS, = bid,
76 asked; Southern Railway SIS, 80 bid,
Railroad Stocks-Augusta and savan-
| nah 80 bid, "a asked; Georgia common
1850 bid, 165 asked Southwestern. 92lk bid
road stock, 100 bid, 102 asked; Atlanta
and West Point 6 per cent. certificates,
| Company, "a bid, rs asked.
Gas Stocks-Savannah Gas Light stock
22iA bid, % asked; Electric Light and
Bank Stocks, Etc.3Citizens' Bank
112H bid, 113 asked; Chatham Bank
491l bid, 50 asked; Germania Bank.
Bank IS iO2 bid, : asked National Bank of
savannah, 1921 bid, 1874 asked; oele
| thorpe Savings and Trust Company 105lb
of ofo' georgia ga. i7O bid. asked; sa SSs1e
nah Bank and Trust Company, iO9 bid.
= askeds Chatham Real Estate
"a asked; B, 81 bid, sly asked:
Peoples Savings and Loan Company, 80
bid, 81 asked.
! 1OS1b bid 10SA asked; Sibley Factory Gs
| 100 bid 1885, asked; Enterprise Factory Is
| 1O5 bid, 1O6 asked; Eagle and Phenix Man
ufacturing Company per cent. bonds,
0O FACTORY stocks-Savannah Cotton Fac
tory, so bid. ga asked; Eagle and Phenix
Manufacturing Company, 25 bid. q asked;
| Augusta Factory, IS bid, so asked; Gran
! iteville Factory, 155 bid, 1853 asked; Lang
| ley Factory, 107 bid, Jos asked; Enterprise
]. p King Manufacturing Company, los
! bid, no asked; Sibley Manufacturing Com
| pany, 70 bid, so asked; Savannah Brewing
| Company, so bid, Sc asked.
London, March 21.-Bar silver, 81 5-16d.
| Consols 1897 for money and 100 9-16 for the
| account. Paris advices quote per cent.
rentes at 1O1 francs, 20 centimes' for the
| account.
| New York March 21-Money on call at
per cent Prime mercantile paper, 512q6
actual business in bankers bills at $486$t9
$4.8 for so days, and AS724Q4.SS for de-
mand. Posted rates, $4.S71214.8S1R; CONNER
| Government bonds, steady; state bonds
| dull; railroad bonds weak
| L X,
ment of the associated banks shows the
| following changes: Reserve, decrease,
81, 4O6, $50; loans, increase, 1898, 400; specie,
| decrease, 81 329, 800; legal tenders decrease
! $514, 200 deposits decrease 81, Isl, 400; cir
| culation, decrease, $36,S00 The banks now
hold $19,042,675 in excess of the legal re-
New York, March 21-The Financier
| says this week: 1.-THE statement of the
associated banks of New York city for
the week ending March q reflects the
| prevailing shrinkage in the money mar
| ket. The loan expansion for the week
was not quite 100000 but on the other
| outward movement of currency still con-
| tinues, and it is the prevailing sent-
ment that the return tide will not set in
| fully until April, and perhaps later.
| There are signs, however, that this flow
| is nearing its elimination, and while there
| has been a fair demand from western
| centers exchange rates are easing slight
| w. The outlook however, is for a firm
| money market for some time to come.
| The April settlements are drawing near,
| and until these are over the situation
must remain somewhat in doubt. The
| government depository banks last week
| Turned over 100000 into the treasury in
/ response to the call for a 20 per cent.
payment, and as the sum remaining to
be paid is a large one, the limit within
/ which the payments are 10 De made nave
an important bearing on the general sit
The excess reserve is down to $4,000
| OO0 and an imperative call for the balance
of the government bond deposits would
! have an embarrassing effect on the mar
| ket as the reserves of the banks are in
MANY cases now at low point. The
treasury, however, is treating the banks
! literally in this matter, and no fear, il
| is said may be apprehended from such
! a cause The first call was more in the
nature of a request than an order. With
the usual adjustment of spring balances
| and a resumption of the now OF money
toward the east, the outlook viii clear
! RAPIDLY.
Another point to be considered is the
nrobability of exports of gold. The ex-
! change market gives no sign of sud
den advance. but what will happen, if
| variable supply of money at the end
| of the spring seasons, is not difficult to
| conjecture. The banks, according to the
| report lost $2.S44,000 in cash last week,
| of which s.. 500 was specie and S5l4-