The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-06-30
FINANCIAL.

London, June 29.-Bar silver closed 81
9-16d; consols, lib 1-16 for money and 113
5-16 for the account. %
New York, June 29.--Money on call firm
at 112qS per cent; the last loan was at
21a per cent, and a the closing was offer
ed at ~ per cent Prime mercantile paper
545i2 per cent. Bar silver, 6S7kc. Sterling
exchange, steady, with actual business in
bankers sa SD. 6iiis at $4.Slq4SlA Tor sixty days
and A.8SQ48SA for demand. Posted rates,
S.S8d4.S9. Commercial bills, 4S6d4. S6Ia
Government bonds lower State bonds
quiet Railroad bonds easier. Silver at the
board was firm.
New York, June 29-The treasury bal
ances: Coin, $1O7,217. 1903; currency, SIS, 1884,
O43.
New York. June %. Noon. = Erie 1871 :;
Northwestern, lO1; do preferred, 148 bid;
Lake Shore, Isl; Norfolk and Western,
preferred, 8; Western Union, So; South
ern Railway common, SIS; Southern Rail-
way preferred, 26A; American Sugar.
Southern. 4S1a; st. Paul, TAI; Rock sland,
6624; Delaware and Hudson, 125; Delaware,
Lackawanna and Western, 1853; Manhat-
tan, 10O9s; Michigan Central SO; New York
Central. Sc. Speculation weak.
New York, June 29.-During the greater
part of the day the stock market, to put
1t mildly, bordered on Generalization. The
interviews with the leading eastern DEM
ocratic leaders were mainly responsible
for this condition of affairs, these politi-
clans having practically admitted in IN
terviews printed yesterday, that the free
silver men will not only dictate the plat
form of the party, but will name the
candidate. These statements alarmed
timid holders of securities, and encour-
aged the bears to make demonstrations
against the list. Professional operators,
as usual, were the first to discern the I'M
easiness, and hammered the list. Long
stock came out freely and the fact was
developed that the market was honey
combed with stop loss orders. The May
statements of the St. Paul and Burling-
ton and Quincy roads proved to be very
unfavorable, the st. Paul showing a net
decrease Of 1851, 100, and the Burlington
and Quincy a deficit of $3.50, S46. Further
more, over 100000 was withdrawn from
the sub-treasury for shipment to Eu-
rope. The poor showing of the Granger
roads and the unexpected engagements
of gold, played directly into the hands
of the bear leaders and this, with the
prominence given the silver question, made
it comparatively easy work to depress
values. The decline in prices ranged
from u to AZ per cent, the 1ndustrals
and Changers scoring the heaviest losses.
The decline brought in London orders,
and usually well-informed firms with Eu-
ropean connections, placed the buying
for foreign account at 10000 shares. These
purchases stemmed the downward move
ment for a time, and Maj. Mckinley s
speech to the notification committee, in
which he heartily endorsed the platform
OF the st. Louis convention, also acted
as tonic, but IN the late AFTERNOON trdu-
ing the market developed renewed weak
ness and closed nervous. Net changes
show losses of AG4 per cent, Chicago
Gas leading. Total sales were 3S4 go
shares, including 10000 Sugar and 64,2OO
st. Paul. The railway and miscellaneous
bond market was weaker, in sympathy
with the break In the share list, and the
speculative issues scored losses of y 10
3 per cent, the transactions being larger
than of late. footing up s1,0390OO.
New York stock disclosing bids-stocks
and bonds.-American Cotton Oil, 81; do
preferred, 5OJb; Sugar Refinery, 10; do pre-
ferred, 1918; American Tobacco, 62A; do
preferred, IS; Atchison. T. and S. F., 1873;
Baltimore and Ohio II; Canada Pacific,
59s4 chesapeake and Ohio, 141s Chicago and
Alton, 155; Chicago d. and O., 729s; Chi
cago Gas, Sly; Delaware, Lackawanna
and Western, 1872; Distillers, Cattle Feed
ers, 1917; Erie, 1874 do preferred, S21@i Edi-
son General Electric, 279s; Illinois Central
921b; Lake Erie and Western, II; do pre-
ferred. 67Iz; Lake Shore, 1501s; Louisville
and Nashville, 477s; Louisville and N. a,
81; Manhattan, 1005s; Memphis and
Charleston, 10; Michigan Central. So; Mis-
souri, Pacific. 20; Mobile and Ohio, 1871
Nashville, Chattanooga and St Louis, s.;
United states Cordage, AZ; do preferred
9A: N. ]. Central, 102; n. Y. Central, 95ss
NJ Y. and n E, IS; Norfolk and Western
preferred, S5k; Northern Pacific, 81; do