The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-06-02
FINANCIAL.

2012c.
FINANCIAL.
London. June 1. Bar silver 81 S-16d Pa
ris advices quote per cent. rentes l01
francs % confines for the account.
New York, June Money on call steady
at pa per cent: the last loan was at per
cent, and at the closing was offered at
per cent. Prime mercantile paper 4l2q5
per cent. Sterling exchange, steady, with
actual business in bankers bills. S4.S71zd
1874 for sixty days, and AS8d4. SS2s for
demand. Commercial bills, SIS69. a4.S7.
Government bonds steady; state bonds
neglected; railroad bonds quiet. Silver at
the board dull
New York, June 1.-The treasury bal
currency, S&,146,5i6.
New York, June l, Noon.-Erie. 145k;
Northwestern, 1061s; preferred 1852: Lake
Shore l5O1a; Norfolk and Western pre-
ferred, rs; Western Union, $50; South
ern Railway common, ga, Southern Rail-
way way preferred. 2Sl2; A.mericr Sugar,
southern, SOS; st. Paul, us; Rock Island,
701s; Delaware and Hudson 124la; Della
ware, Lackawanna and Western, 1907;
Manhattan, 1884; Michigan Central 95la;
New York Central 9612 Specula ton dull
and rather weak.
New York June 1.-The stock market
started off with every promise of in
creased activity and a higher range of
prices. The bulls were greatly encourage
ed by the receipt of better prices from
London, as well as a number of buying or
ders from that center. Gable advices We're
to the effect that the foreigners We're
more disposed to take holders of Amer-
cans on account of the interview given
by J. p. Morgan. in London, on Friday,
in which he gave assurances that who
ever secured the presidential election
would have to do so upon the gold stand
ard. Our securities were also benefited,
no doubt, by the sharp rise in consols
and Kaffirs, the result of President Kru-
gers clemency in the case of the South
African prisoners. According to compe-
tent authorities London purchased fully
10000 shares of ST. Paul and Louisville
and Nashville, and other stocks here to-
day.A belief that congress will adjourn
this week induced local operators to make
new ventures on the bull side of the ac-
count. Another favorable factor was the
small engagement of gold for shipment to
Europe, only 100000 having been ordered
at the sub-treasury. The depository banks
paid into the sub-treasury to-day some
thing like $1,000, 900 on bond account. There
stil remains a balance of $450O,0OO with
these banks. The good news referred to
led to a strong and confident opening
prices rising Is to "a per cent right through
the list. Business was on a moderately
day the trading fell off materially and
prices began to fall again. In the early
rise, Sugar the Changers, Intervals and
Tennessee Coal and Iron were most prom
inent. In the afternoon dealings Tobacco
ran off about a point and the gain was
partially lost. The Changers were frmer
than the other railways on reports of a
heavy corn movement. Sugar was not in
fiuenced by a reduction in the prices of
refined of &c per pound. and closed firm
in tone. Total sales were 800 shares, in
Guiding 20,700 Sugar, 1890 St Paul g. 400
Louisville and Nashville, and 5000 Bur-
lington and Quincy. Bonds were quiet
and firm; The sales were $4,000
New York Stock List, Closing Bids
Stocks and Bonds-American Cotton Oil
119l; do preferred 549s Sugar Refinery,
1237s; do preferred, 1041s; American Tobac3
and S. F., 1875; Baltimore and Ohio, IS;
Canada Pacific, 62la;Chesapeake and Ohio,
1858; Chicago and Alton, 15712; Chicago, B.
and O., 78 Chicago Gas, 67a; Delaware
Lackawanna and Western, $50; Distillers
and Cattle Feeders, 17a4; Erie, 141a; do pre-
Illinois Central, SO; Lake Erie and West
ern, IS; do preferred, ia; Lake Shore $50;
Louisville and Nashville, 503; Louisville
and Charleston, is asked; Michigan Cen
trial, 961a; Missouri Pacific, PAS; Mobile
and st. Louis, IS; United States COrdage,
5A; do preferred, 10A; New Jersey Cen
trail, los; New York Central. 961a; New
York and New England, As asked; Nor
folk and Western preferred, 75s; Northern
Pacific, 8; do preferred, 15&4; Northwest
ern, 1O5; do preferred 1415; Pacific Mail,
25%; Reading 10%; Rock Island, 701k; St
Paul TIA do preferred, 127A; Silver Ger
tificates, 6Si4 Tennessee Coal and Iron,
269s; do preferred, 100; Texas Pacific. s;
Union Pacific, rs; Wabash St: L. and P,
Z; do preferred 173s; Western Union, s51s;
Wheeling and L. E, 90; do preferred IS;
Southern Railway IS, SO; Southern Rail-
n y
State Bonds-Alabama A, JOG; Alabama
3, 106; Alabama G, 100 asked; Louisiana
stamped is, SO; North Carolina As, 1055s;
North Carolina IS, 124; Tennessee, new
set IS, 50; Virginia 6s preferred, g. Vir-
ginia Trust Receipts, g. Virginia Funding
Debt, COZ; South Carolina 412s, 106.
Government Bonds-United States As,
registered, 1918; United States As cou-
pons, 1924; United States Is, registered,
9412; United States, new Is, registered,
1854; United States, new As, coupons, 116A
GRAIN, PROVISIONS, ETC.
New York, June Flour weak and
dull; winter wheat. low grades, S170 do
fair to fancy, $245; do patents. $50; Min
nesota clear. $2.45; southern flour duh and
easier; common to fair extra, 81 20; good
to choice do, $3.50. Wheat, spot, fairly
active and weaker; options fairly active
and closed weak at 1$s613sc decline; No 2
red June, 635sc; July 63Ac; August 622t C;
November, 627sc; December, 647sc. Corn
spot, dull and weak; No 2, &c elevator;
33c afoat; June, 33c; July, 335sc; Septem-
Der, 347sc; October, 35$sc. Oats, spots act
July, 229sc; spot, No. 2, 22l2c; No. white,
24bc; mixed western, 231R024I5c. Hay
weak; spring. zoe; good to choice, 95cd$1.O5.
Wool moderately active; 15021c; pulled
2sG23c Beef steady; extra mess, 5000
100: beef hams inactive, S14.50; tierced beef
stronger. Cut meats easier; picked bell
lies 41kc; shoulders, 412c; hams, 9d91zc.
Lard dull: western steam, 430c; city. &c;
July, Acc refined easier; continent. 465c;
South American, 5.15c; compound, 4G42sc.
Pork quiet and steady. old mess 5000
$50; new mess, S875d925. Cotton seed
oil dull; crude, 19c; yellow prime, 24c ask
ed; do off grade, 2ilac asked. Rice Quiet