The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-06-29

of 1022s per cent which took place in
the first hour of trading. The agreement
arrived 4 by the trunk line presidents yes
terday, according TO those in a position to
know, Will have a far reaching influence
on American railroad securities generally,
and more especially in Europe. Just be-
lore / O'Clock a tremendous selling move
ment started in the Industrials, and these
issues broke anywhere from / to 7as per
cent. Tobacco dropped rs to 107. preferred
: 10 ll3, Sugar 5% to lO6es, Chicago Gas 4
to 81. Lead so to S1ia, Rubber SA to 37H
preferred Ia to 9l5s Distillers to 19ss
General Electric 29s to 34ss Burlington and
quincy rs TO So. The slump was attribu-
tea 70 liquidation by an eX-membCr of the
stock exchange, who has taken quite a
prominent part in the recent bull move
ment in Sugar. The operator In question
aDsoIutely denied the truth Of the reports
and as matter of fact he honored puts"
on sugar al 1862. which expired in the
last hOur OF business. Rubber was sold
on the publication of the notice by the
governors of the exchange that the stock
Will be stricken from the list until the
company complies with the rules of the
exchange and files a report of its condition
The company. it Is said, is preparing n
while the lndustrials were I'm a sea of de-
moralization, rumors were rife of ship
ments OF gold. The strength OF the Ster-
ing exchange rather lent color to the
rumor. 1t can be stated on excellent au-
thority that the powers which have COM
PEELED the gold and sterling exchange mar
no intention Of permitting an ef1ux of the
yellow metal at this time. In the after
noon, when the unfavorable rumors failed
70 materialize, the market recovered and
prices moved up "a TO 59s per cent, the In
dustrials leading. New England was ex-
ceptionally weak at this time and dropped
70 ~; a loss of per cent. Later the stock
rallied TO Az. No new reasons were as
signed for the break in the stock n is
quite generally believed that New Haven
interests control the property, and that
me me Price or the stock, will settle back to
the thirtes before long. The market
closed firmer in tone. Net losses ranged
from Il TO "a per cent. The Industrials,
however, lost lnlS per cent. On the other
hand, northwestern and Louisville and
Nashville "a and Tennesseae Coax and Iron
"a per cent. Total sales were 479. 1856
shares, including 100 Sugar, rs 800 Chi
eago Gas, 1850 Tobacco, 81 800 Reading
A,lOO Tennessee Coal and Iron, p GOO Whis-
ky, and 22,200 St. Paul. The bond market
was easier In tone. Sales footed up 81, 49,
New York Stock List-+Closing Bids
Stocks and Bonds-American Cotton OIL,
ia; do preferred, "A; Sugar Refinery 1924
90 preferred SO; American Tobacco, 1l2A
90 preferred, ll2; AtchisOn, Il. and S. f.
92s; Baltimore and Ohio, 62k; Canada Pa
enc, 5512; Chesapeake and Ohio 22A; Chi
cago and Alton, 1853; Chicago d. and O..
@A chicago Gas ga; Del. Lack. and West
ern, 163; Dis. Cat. Feed. pos; Erie 93.
do preferred %; Edison General Electric
35A; Illinois Central, 9515; Lake Erie and
Western, z4Ai DO preferred, SA Lake
Shore, $50; Louis. and Nash, 577s: Louis.
and n. A., 81; Manhattan, il3: Memphis
and Charleston, Is; Michigan Central. S2Ib;
Missouri Pacific, 30ss; Mobile and Ohio,
2A4; Nash, c. and ST L., IS, Y. S. Cord
age, 19s; do preferred, 8; N. J. Central, 1901
n. \. Central, 1O0A; n. Y. and n. E.. AK
Norfolk and Western preferred 10; North
ern Pacific, AZ. do preferred, 1875 North
western, 1914; do preferred, 144; Pacific
Mail, 291s; Reading, IS; Rock Island 7i%;
81 Paul 67M; do preferred. 121; Silver Ger
tificates' 66B; Tenn, Coal and Iron, 80: DO
do preferred, IS; Texas Pacific, 125s Union
Pacific, 1914; Wabash. St. l.. and r., 81;
DO do preferred, 1872; Western Union, 81
Wheeling and l.. e, 173s; do do preferred
Dir; Southern Railway IS, $50 Southern
Railway common, 1873 Southern Railway
preferred, 40; South Carolina AIS. lO7
state Bonds-Alabama a, 100 do 3. 10;
DO {, 100; Louisiana stamped As, l00 North
Carolina Is, l02; North Carolina S. l25:
Tennessee, new set, 3s, 80; Virginia Trust
Receipts, 6; Virginia Funding Debt, 62h
Government Bonds-United States As
registered, ll2; United States Is, coupons
llS1@; United States Is. registered, o.