The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-09

bid, 1O1 asked; Eagle and Phenix Manu-
featuring Company. s per cent. bond 5, 40
bid, AZ asked; Sibley Manufacturing Com
pany 6s. 10l bid. 102 asked.
Factory Stocks-Savannah Cotton l FAC
tory, - bid, % asked; Augusta Fact Try,
so bid. So asked Graniteville Factory. 145
bid Isl asked; Langley Factory, lO4 i'd.
1054 asked; Enterprise Factory, commit IN,
9S bid IS asked; j. r. King Manufacture lg
Company, 1O4 bid, 105 asked; Sibley MAJ l.
ufacturing Company, 20 bid, rs asked SIS l.
vannah Brewing Company bid, IS ask
ed.
New York, June s.-Money on call wat
easy at IA per cent; the last loan was at
l per cent, and closed at 1dlA per cent.
prime mercantile paper. AGA per cent:
sterling exchange steady, with actual bus
mess in bankers bills at S4S634 d4.S7 for
demand, and S4.S594d4S6 for sixty days;
posted rates. $4.S61ad4.S7 and $4.sSd4. 6Slk;
commercial bills, $4S5d4. ssh; silver GER
tificates, 6O2sc; bar silver, Coo; government
bonds were firm; state bonds were firm;
railroad bonds were firm.
New York, June S.-The Evening Posts
London financial cable says: The stock
market here is still very quiet, but Amer
leans are disposed TO advance sharply
on any announcement from Wall street.
They to-day opened below the parity but
closed at an Improvement and very steady.
The Paris bourse had a steady opening,
but later relapsed into dullness. The Ber-
lin market was quiet and little dull"
New York, June S.-The tone of to-
days market for stocks was distinctly re-
dictionary throughout, although not to a
marked extent. The tendency was made
the more marked by the failure of the
market to rally, with any degree of vigor,
under the strong impetus of the upward
bound of Sugar This failure was the
more notable on account of the great
Lot hvrf 4
TO on the early disposition of the tariff
question by the passage of a bill, a con-
summation which seems appreciably adj
Nanced by to-day'S action of the republic
can senatorial caucus. The heaviest in
nuence towards reaction came from Lon
don, though there were other elements of
| weakness in the market which must be
| taken account Of. Arbitrage brokers have
| bought American securities in this mar
| ket, while tho London exchange was
| closed for the Whitsuntide holidays on
| Saturday and yesterday. This was done,
| of course. in the confidence that London
| would be buyer at the advancing prices,
| upon resuming trading to-day. On the
| contrary London showed an inclination to
| realize on earlier purchases of our securi-
| ties, and prices, in consequence, declined
! this morning in London. This disposition
| TO realize was accentuated by the fact
| that the regular fortnightly settlement on
| the London exchange commencement to-
| day. Private cable advces, received in
| Wall street, report that London traders
have been considerably influenced by an
! attack by the Times upon the United
| States government finances and financial
policy The stocks bought here for Lon
| don account in the two days of trading
were left without a profitable market, and
were offered for sale here again. All the
| International stocks reacted under this
| state of affairs. The traders sought to
| precipitate the reaction which they have
| believed was more than due, and there
| was heavy profit taking and some evil
| dences of short selling of a newly conf
| dent sort.
Sugar was strong all the morning on
| Washington advices foreshadowing the
| action of the Senate caucus on the Sugar
| schedule of the tariff bill, but it surged
| upward with a bound, when the formal
| decision of the caucus and the terms of
| the substitute became known. The ex-
| IRENE rise was 49, and the close was only
| slightly below that. The preferred gained
| 1Ss. The covering of shorts and long buy
| ing induced enormous transactions in this
| stock, the total sales for the day number
| ing over 900 shares, out of total of all
| sales of about 10000 shares. The Changers
were sold to take profits, and to some ex4
| tent, on the belief that crops have been
| damaged in the northwest. Manhattan
| and western Union tended quite strongly
upward at one time, on the action of Of
| ficials in deciding to declare the regular
| quarterly dividends of per cent on the
former and Ia per cent on the latter
stock. But both sold off later on the an
| nouncement that Western Union had sold
| 100000 of additional stocks from the
treasury for betterments, losing the early
| gain and closing at net losses. In the
| general list, small losses were general
| The total sale of stocks for the dav
| amounted to 266,900 shares, Including
American Sugar, $1,000; Burlington u 500:
| Chicago Gas 1900; General Electric. s 400:
Louisville and Nashville $500; Manhat-
tan, 800; Northern Pacific preferred $500;
Reading. 500; Rock Island, $500; st. Paul
1900; Tennessee Coal and Iron, $500;
| Western Union, 1890
| The bond market did not participate in
the heaviness that characterized the stock
trading, except for few issues, in which
special considerations operated. New AL
bany consols trust receipts Missouri con-
soils and Tennessee Coal frsts. Birming-
ham division. scored the extreme gains of
3 per cent. each, while Illinois Central trust
receipts Teceded l per cent. The aggre-
gate sales were $1,316000 Government
bonds were well supported and gained
slightly on purchases of $1,000