The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-06-09
FINANCIAL.

LONDON June 6.-bdr SILVER, 81 0-l6d
Consols, lib l-l6 for money, and l3 S-16
for the account. Paris advices quote per
cent. rentes, lOl francs 50 centimes for the
account
New York, June S.-NIoney on call was
easy at ll2G2 per cent The last loan was
at per cent, and at the closing was Of
paper, 1915 per cent. Bar silver, 68%c
Sterling exchange steady, with actual
business in bankers bills at $.S7l404S7la.
for sixty days. and S4SSAd4SS1a for de
mand. Posted rates, %.SSG4S9 CONNER
cial bills. S4S6AG4S624. Government
bonds were steady state bonds were firm;
railroad bonds were lower. Silver at the
New York, June s.-The treasury bal
ances were as follows; Coin, $l07, 553 93l;
New York June s. Noon.-Erie. IA;
Northwestern, los; preferred, 149; Lake
Shore, 151; Norfolk and Western preferred,
way common. SIS; Southern Railway pre-
ferred, 2S1s American Sugar 1895; Bal
timore and Ohio, IS; Canada Southern,
2OA; St. Paul 76A; Rock Island 703s;
Delaware and Hudson, 127; Delaware,
Lackawanna and Western, 163; Manhat-
tan, l05; Michigan Central, 95la; New York
Central, S6A. Speculation duh and weak.
New York, June 8-The transactions at
the stock exchange to-day barely crossed
the 100000 share mark and the trading
was devoid of feature until the last hour,
when Jersey Central suddenly dropped
about 3 per cent to 1C35s. The break in
Jersey Central encouraged the bears, but
they were careful to keep their sales with
in very narrow limits. While the decline
in the general list ranged from p to w
per cent, IL did not disturb holders and
very little long stock came out. The
greatest losses were made in the stocks
of the properties undergoing reorganiza>
ton, Tennessee Coal and Iron and Sugar.
As of late, the trading element was re-
sponsible for the changes in prices The
leading operators have temporarily re-
tired from the field and commission
houses, the political situation being sur
rounded with too much uncertainty to
permit or ventures, except by the scalp
ers. Tobacco showed more strength and
rose to 65Is. The fact that the suit to en-
Join the company from doing business in
Illinois will come up tomorrow, was not
permitted to interfere with the plans Of
the manipulators in the stock. Sugar was
weaker and sold down to 1885, notwith-
standing the declaration of the usual divI-
dends by the directors. The sellers of the
stock claimed to be disappointed on ac-
count of the failure of the manag ement
to distribute the part of rae companys
surplus at this time. Tennessee Coal and
Iron was heavy, falling from 253t to 24ls,
while the preferred was offered down to
go against 100, the last reported sale
Unsatisfactory business was given as The
reason for the decline in the stocks. Spec
ulatiOn closed weak, with prices Il as
per cent. lower on the day. Tobacco,
however, gained 5s per cent. Bonds were
weak. The transactions footed up $751;
New York Stock disclosing Bids
"A.
115s do preferred, 545s; Sugar Refinery
1888; do preferred, 104; American Tobacco.
Go: do preferred 81; Atchison, Topeka and
Santa Fe 49,; Baltimore and Ohio, 17A;
Canada Pacific, 50; Chesap eake and Ohio,
15&s Chicago and Alton, 1879; Chicago,
Burlington and Quincy, 771s; Chicago Gas,
67s4; Delaware, Lackawanna and West
ern, 100; Distillers and Cattle Feeders,
1874 Erie, IA; do preferred 34A Edison
General Electric. 32h; Illinois Central, SO;
Lake Erie and Western, Is; do preferred,
70la; Lake Shore, 1898; Louisville and
Nashville, 49s; Louisville and n A., S3s;
Manhattan, 1912; Memphis and Charles
ton, Is; Michigan Central, 95; Missouri Pa
cific 227s; Mobile and Ohio, 19$4; Nash
vile. Chattanooga and St. Louis, s.; Unit
ed States Cordage, 5; do preferred, 91s;
New Jersey Central, 1041a; New York Cen
trail, IS; New York and New England, 4Ol2;
Norfolk and Western preferred, 10; North
ern Pacific 33s; do preferred, IA; North
western 1919; do preferred, 14S; Pacific
Mail PAS; Reading, S34; Rock Island, 69la;
St. Paul, rs; do preferred, q; Silver Ger
tifcates 687A; Tennessee Coal and Iron,
2414; do do preferred, 80; Texas Pacific, 7l2;
Union Pacific 7; Wabash, St. l.. and P,
So; Wheeling and Lake Erie, $751; do do
preferred, "a; Southern Railway 5s, 9212;
Southern Railway common, 83s; Southern
Railway preferred, 28A.
State Bonds-Alabam A, 106; do B, l06;
do c. 80; Louisiana Stamped As, SO; North
Tennessee, new set IS, 837s Virginia Is,
preferred, 5; Virginia Trust Receipts,
5A; Virginia Funding Debt, 5912; South
Carolina 4lzs. 106.
Government Bonds-United States As,
registered, 108; United States As, coupons.
1887; United States Is, registered, 94la;
United States new As, registered, 1163s;
Tinted States new As, coupons, 1853.