Savannah morning news. [volume] (Savannah) 1868-1887, 1884-06-13

LONDON. June l2.-ConsOls, % 1I-l6 for
money: 997s for account.
LONnON, June l2.-Ihe amount of bullion in
the Bank of England has increased e. ,400,-
O00 during the past week.
NEW DIX. june u, nOOn.-StoeEs heavy.
Money 2G3 per cent. EXcnange-iOng, 81 S415
a $50; short, s. S634G4 81. state bonds dull.
Government bonds steady.
$500 p. m.-ExcRange, 81 S41E. Money, per
cent. SUb-Treasury balances-Goid. $l26,6l3,r
600: currency, $685., 600. government bonds
quiet; four per cents. ll93z; three per cents,
I0O3s. State bonds dull.
The share market was strong ana higher in
the early dealings, with Missouri Pacific as
the feature The rise in Missouri Pacific was
due to an attempt by the bears TO cover. The
floating supply OF stock is small and the out
standing short interest large. The other ac-
tive stocks advanced 4GlSs per cent. the lat
ter for Canadian Pacific. Lake Shore sold up
IA Western Union rs, New York Central q,
St. Paul y. LackaWanna 3, Northwest IS,
and the remainder Of the active stocks 54gl3
per cent. After the first call Union Pacific
became weak and dropped AS per cent, on
reports from W ashingt0n that the government
experts statement would show that the COM
pany's net earnings for the first quarter had
Tel OF 81. 900 900 compared with the previous
wear: that the dividend had not been earned
and none could be legally paid. 1t is rumored
that experts had discovered a deficiency Of
SO. 600 in the company sinking fund, and
that this money had been used TO sustain the
market value OF the stock Various other un-
favorable reports were circulated. 1t is said
had suspended. and thai the Oregon Trans
continental Company Is in bad way; that
a receiver would he applied for, and that
serious washOut had occurred on the Central
Pacific Railroad near Humboldt. Suisse
Quentlv President Dillon, Of the Union Pacific,
stated that there was no truth whatever IN
the story Of a deficiency Of S1o-0oe,OOO IN his
cOmpauy's sinking fund, and that not one dol
lar had been used for the purpose alleged. IL
sras also announced from Cleveland that the
First National Bank was doing business as
usual. and from san Francisco that there had
been no washOut on the Central racine. HE
OREGON TranscOntinental officials stated that
the rumOr in regard TO a receiver was ground
less but the denlals did not come until there
had been q decline of 1s(145E per cent. IN the
stock Union Pacific fell OF 49, LackaWanna
a3S Missouri Pacific 23s. St. Paul 2, Northern
Pacific preferred -. Western Union rs. Lake
shore g. Northwest II :, and Louisville and
when the rumOrs noted above received official
denial. better feeling set IN. and there was
a brisk demand for New York Central. Mis-
souri, Pacific, Union Pacific, Western Union,
Lake Shore. Omaha, and Northwest A cable
gram from London announcing the with
for shipment 10 New York stimulated the up
ward movement. New York Central rose Is
per cent. Missouri Pacific IL. Omaha ~,
Union Pacific Is. Lake shore IL, Northwest
lex dividend). and Louisville and Nashville
giS The market closed strong. Compared
with last nights closing, prices are 1s(G25s per
cent. higher for Western Union. Reading.
Omaha. Northern Pacific preferred, New Y Ork
Central New jersey Central. Kansas and
Texas. Missouri Pacific, Lake shore, Louis
Vile and Nashville, Central Pacific, and
Canada Southern, and 1s,g5s per cent. lower
for Pacific Mail and Texas Pacific. Union
Pacific is Is per cent. lower, and Chicago,