The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-29

- plu' 80 ASKED j. X. King Manufacturing
Company. 104 bid 105 asked; Sibley Man
ufacturing Company, 10 bid. rs asked: Sa-
Nannah Brewing Company bid IS ask
ed
New York, June 2S-Money on call was
easy at Ia per cent; the last loan was
at per cent; closed Ia per cent Prime
mercantile paper Sq4 per cent Sterling
hing exchange weak, with actual business
IN bankers bills at A.S75a for demand and
SiSoA Tor sixty days. Commercial bills,
AS5A. Silver certificates 602s6607sc. Bar
SILVER, 6O9sc. Mexican dollars, 47I5c Gov
erlhent bonds were strong; state bonds
We're dull; railroad bonds were strong.
New York, June 2.-The Evening Posts
London financial cablegram says: with a
practical conclusion of the jubilee, stock
exchange business is increasing The ten
uehcy' at the moment, is unmis takably
towards speculation in American and KAT
mrs Bulls on English rails are realizing
ana going to those markets. At the same
tIme 1t must not be supposed that the
hhSlsh public is really dealing largely in
either market. In the first place attention
Is still distracted by the Jubilee. and in
addition the people have been so bitten in
poth directions that their consequent shy
ness now is a serious point TO be consid-
cred. First class professionals. however.
are buying Americans and Kafirs The
close was nearly a the best A feature
"a NiieIi y iiot III argentine provincial
and other hitherto neglected bonds. The
Paris bourse was uncertain, but the close
was better. although the market is dis
turbed by the approach of the settlement
Inc Berlin market was firm, after period
of duIlness
New York, June 2S-To-day's market
Tor securities was marked by the large
volume of transactions and the great ami
nation OF the dealings as well as by the
continued strong upward movement of
prices. The marked exceptions to the
greatest strength were the active stocks
which have been recent leaders of the
advance and in which there was heavy
realizing to-day. This realizing was to
a large extent by the professional element
and represented simply transfer of hold
lngs from stocks which have moved free
ly upward. to others that have Jagged in
the advance, their calculat tons evidently
being that the advance of the laggards is
merely deferred. Such a transfer was
made on very large scale from Burning
ton to St Paul The latter stock has not
moved as freely as the other Changers and
Burlington's relative price has come up
from below that of St Paul to several
points ahead of it. This has led profess
slonal traders to take their profits in Bur-
lington and to transfer their holdings to
st. Paul. The jump in the price of St.
Paul at the opening invited some sales Of
the stocks by the arbitrage brokers for
London account, which served as a partial
restraint on its advance. Similar ma
MOWERS to this transfer were executed at
other points in the list Considering the
proportions of this liquidation, the prices
OF the stocks affected were singularly firm
and steady and even strong in some cases.
A reactionary tendency was induced at
one time in the market generally and the
ever-watchful bears believed their oppor-
funitW had cfN
prices going below Saturdays closing
level. This was notably the case in Bur
hngton and Northwestern. The total sales
of all stocks were nearly ABS 900 shares
which has not been exceeded nor equalled
since the thre edays following election
last fan. Besides the extraordinary vol
ume of transactions their wide distribu-
ton was a noticeable feature. The deal
ings We're disseminated all through the in
active list and even the soft coal roads,
whose values are at the lowest ebb as a
group of any on the list, came in for
share of attention, Hooking Valley enjoy
ing a rise from 21a to 3ss. Sugar showed
very aggressive strngth all day and gain
ed 33s net. Chicago Gas was also very
strong and advanced 27s. The only pecu-
liarities of the market otherwise were the
stocks, whose prices declined Net gains
were the rule and extended to a point or
over in Brooklyn Rapid Transit 21h; Lead
General Electric, Chicago and Eastern
Illinois, Long Island 4; Denver and Rio
Grande. Illinois Central, Oregon Short
Line, st. Paul and Rock Island and Peo-
ria and st. Louis preferred, 2la; East River
Gas, Colorado F'uei, w, without rally on
account Of prospective labor troubles. Bay
State Gas, Norfolk and Western preferred
St. Louis and San Francisco first and
Erie second preferred are also down a
fraction. The total sales OF stocks to-day
were 432,2S2 shares, including Tobacco
1890 Atchison Z, 100, American Sugar 92. :
400; Burlington and Quincy 256O0; Cana
dian Southern 1900 Chicago Gas $1,000;
General Electric $500 Manhattan Consoli-
dated 5000, Missouri Pacific 500, Lead
7l00, Northwest 800 Northern Pacific
preferred 500, Omaha 5000, Reading II 600
Rock Island p. 300 st. Paul So, 400 Western
Union 1850, Southern Railway preferred
1900
The brisk demand apparent for railway
and miscellaneous mortgages was reflect
ed in substantially higher prices for many
issues on transactions Of 81, 100, 900, of which
about 81 100000 was dealt In during the first
hour of trading. The purchases Of the
high grade securities were characterized
by material fluctuations, ST. Paul gold 7
and c. c. and Indiana registering an ex-
IRENE rise Of per cent. each. The gains
elsewhere In the market were less note
worthy. Round amounts Of the high-pric-
ed liens were taken for investment and
speculative account with considerable con-
fidence with the foreign interests absorb
ing offerings of the International proper
ties. Governments were quiet, but dis
played a firm tone. The sales were 81. OOO
Closing Stocks.
Atchlson .........127sl ". Y. Central b. iO3%
Adams FIX ......1J0 N. Y. a. N. r. o.. 81
Alton. i. IA. o. so Ont. q Western l5H
ANN. Express liz oregon Nav .... 20
Baltimore q o. 1875 o. S. f. g. L. n. 10
Can. Pacific ... Ga Pacific Mail ... 3Oh
Can. Southern. 81 +. Dec. g. Evans x
Cen. Pacific Geo. "a Pittsburg ....... 1876
Ches. g. Ohio d. t7M Pullman Palace 1853
Chicago Alton ..1B Reading .......... 227s
c.. y. & Quincy a3t Rio c. Western 1914
Chic. Gas ...... 95A do pref ........ 1854
Cons. Gas ...... 1862 Rock Island ..... 20
C.C.C.& StL o.. Is ST. Paul ........... s3ik
Col Coal & Iron do pref ........ 1894
Cot. Oh Cert. o.. iiiA 81. r. & Omaha. 63K
Del. Hudson o.. i0oh do pref ........ if2
Del L. q W. .... i57 SO. Pacific 5000. 1874
Den. a. RIG. pref i2h Sugar Refinery 1854
Erie ..a.......... l5lh Tenn. Coal q L.. 2iik
Erie ist pref 3ih Texas Pacific D.. ION