The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-11

| Factory Bonds-Augusta Factory 81 101
! bid, l02 asked; Enterprise Factory IS 100
| bid lO1 asked; Eagle and Phenix Manu-
featuring Company. s per cent bonds. 40
! bid AZ asked; Sibley Manufacturing Com
! pany Gs, 101 bid, 102 asked.
| Factory StoCks-Savannah Cotton Fac
tory bid, % asked; Augusta Factory.
| so bid, So asked; Graniteville Factory. 145
| bid ISL asked; Langley Factory, 104 bid.
! 1854 asked; Enterprise Factory, common
90 bid, sc asked; j. r. King Manufacturing
Company, 1Oi bid, 1O5 asked Sibley Man
ufacturing Company, 20 bid 76 asked: Sa-
Vannah Brewing Company, bid, IS ask
| ed.
New York, June 10, p. m.-Money on
call was easy at 1@1A per cent; the last
loan was at per cent. and closed offered
at per cent Prime mercantile paper 81
IA per cent. Sterling exchange steady
with actual business in bankers bills at
$4S6%Q4.S7 for demand. and at S4.S52i al Sc
for sixty days. Posted rates, $IS6l5G4 S76D
ASS Commercial bills, S4S5h Silver GER
tificates, $3.50. Bar silver, $3.50 Mexican
dollars. Flsc. Government bonds strong
state bonds were dull; railroad bonds
were strong
New York, June 1O.-The Evening Posts
London financial cable says: THE stock
market closed firm throughout to-day,
with American distinctly good. a very
small matter quickly influenced this de-
partment, there being no stock obtaina-
bic. A very hopeful feeling prevails also
but depends upon assistance which New
York renders. Argentine government
bonds have had a sharp rise in anticipa-
ton of the revised arrangement of the
debt The Paris bourse had a steady open
ing, but later became dull The Berlin
market remained steady.
New York, June 10,-The largest vol
ume of trading on the stock exchange for
| the year thus far, was done to-day The
| total sales of all stocks were nearly $50 =
600 shares. The dealings were well dis
tributed throughout the list, many stocks
that have lain dormant for a long time
being called into activity by the demand
for securities among the outside public.
| This demand was Indicated by the good
| commission house buying, but there was
| also quite extensive commission house
selling of stocks, pointing to the proba-
| bility that the continued steady rise in
prices has invited the marketing of some
holdings that have been kept back for a
! long turn in the market The marked
| strength of the market during all the early
! portion of the day was accompanied by
| more or less desultory selling TO take
| profits, but up to the final hour of trad
! ing all these offerings were absorbed with
| out any marked effect upon the market
But a heavy realizing movement in the
| hnal hour wiped out a large part of the
! earlier gain in most securities and all of
it in quite a number. The heavy liquida.
| ton in Sugar was the main factor in
| breaking the market, the selling being in
| creased by some disappointment that the
sugar schedule of the tariff bill had not
| passed the Senate when trading closed.
| and the reawakened apprehension that IL
| might be changed in conference between
| the two houses so as to lessen the protec-
| ton on refined sugar The resulting
weakness OF Sugar was as effective in de-
| pressing the market in view of the large
| volume of its sales, as its aggressive
| strength in the morning had been in sus-
| tanning it, The London response in the
market for Americans to yesterdays late
| strength here also gave a strong impetus
| to the early advance. London was also
| buyer here to moderate extent of all
| the special favorites of that market. There
was some distrust left Of this London
buying by professional traders on the
| ground that it may be for a short turn
| OF the market and is likely to come back
| here for sale soon. The Changers were
actively traded in all day. St Paul led
| the list. both in volume of transaction
and in extent of the advance, which
| reached a point. It's reaction was also
| less than the others of the group, which
lost practically all their gain. The Coal
| ers were notably active and strong To-
! bacco was active on manipulation and
| closed practically unchanged The iron
| and steel companies were notably strong
and reacted only a fraction, Illinois Steel
| advancing 255, Minnesota Iron and Ten
nessee Coal and Iron IL. The Vanderbilt
stocks all showed strength, Canada
! southern, Michigan Central gained Ia and
New York Central and St. Louis stocks
over point, other gains in the group be-
ing fractional. The closing was weak.
but slight net gains being recorded The
| total sales of the day were 345.345 shares.
including Tobacco. 1900; Sugar. 4S.OO0:
Burlington, Is, 300; Chicago Gas, $500:
| Louisville and Nashville 10 200; Northern
Pacific preferred, 10, 400; Pacific Mail, 100:
Reading, 1900; Rock Island, 1890; St.
Paul, 1920; Tennessee Coal and Iron, 1900:
Western Union, 1920; Jersey Central &c, .
100
The railway and miscellaneous bond
market continues to display pronounced
strength on heavy dealings, which include
an extensive variety of issues Purchases
for speculative and investment account by
domestic and foreign capitalists gave a
decided impetus to the improving tenden-
cy that carried numerous bonds substan-
TALLY above preceding prices. The middle
grade issues figured quite prominently in
the speculation and registered the prin-
cipal gains. The activity Of the usual
dormant mortgages syndicates a broad
ening tendency, which is indicative OF a
substantial outside interest in the market.
Ahf editn NtIt ApstrJtUUl. Governments
were neglected at the board but advanced
slightly on bid quotations.
Closing Stocks
Atchison ....... 121siN. Y. & N. f.. 81
Adams Ex .....1i9 ont & West 90. lf9s
Alton, r. II .... 81 Oregon Nav 10
Am. Express liz ore. SL.& UN. 1914
H. & . ......... 1917 Pacific Mail ... 2sif
Can Pacific 90. 6lA PEG d. e. f. "a
Can Southern 80 Pittsburg ........1e5
Cen. Pacific 90. Pull Palace -. ICE
Ches. a. O..... t7ihl Reading ......... 2li6
Chic Alton ...1fs Rio @. West. . lgi5
G, y. q o.. 79Ai do DO pref zee. 26i5
Chicago Gas o.. $50 Rock Island .... G9i5
Cons'ld Gas .16l ST. Paul ......., MI
C.C.C.& ST. L.. 22A do pref .......1SiiS
Col. Coal a. t.. @fst H. & ON. bsss
Cot OH Cert. 70 10 do pref ....f4O
Del Hudson ...l0iSs Sou. Pacific .... l53s
d., l.. 4 W.....li0i2 Sugar Ref ...123
Don. & r. @. VI 3siA Tenn. Coal a. L. 23if
Erie ...,......... l4h Texas Pacific o.. o.
do lst pref 90. 35lz Tol & o. Cen.pf 30
DO "a pref .... 1874 Union Pacific "a