The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-30

20 Da I STOCKS, Etc.-Citizens Bank, los bid
IVY asked eX-div; Chatham Bank. As hid
H. ASKED eN-dlvi Germania Bank, lO7
nld' bS asked, eX-div; Merchants Ma.
/ uonal Bank $50 bid. a0ib ssI
ed; National Bank of saVsn.
nan, l26 bid. 12S asked: Ogletborne Saw
| lngs and trust Company 1Ol bid. 109 asirad
ex-dlv.; Southern Bank of the STATE Of
Georgia l57 bid, 100 asked; Savannah
Bank and Trust COMPANY. oS
bid, 100 asked ex-div.; Chatham Ras1
Estate and Improvement Company. A a
! pa % asked; B, 50 bid, asked both ex-
NV; People 5 Savings and Loan Companv
9ll2 bid, 921s asked. 10y
Factory Bonds-Augusta Factory 6s. 1O1
DID l02 asked; Enterprise Factory 6s 100
bld, Ol asked; Eagle and Phenix Manu-
| featuring Company, 6 per cent. bonds AZ
bid, 42 asked; Slbley Manufacturing Com
pany IS. 10l bid, l02 asked.
FACTORY Stocks-Savannah Cotton Fac
tory, - bid, 25 asked; Augusta Factory
~ bid. So asked; Graniteville Factory. 145
bid, l5l asked; Langley Factory 1O4 bid
dUo54 asked Enterprise Factory, common,
IS bid, 70 asked; J. r. King Manufacturing
company 1O4 bid, los asked; Sibley Man
otacturing Company, 70 bid, 76 asked; Sa-
Vannah Brewing Company, - bid So ask
ed
New York. June 29-Money on call was
easy at 1Q1A per cent; closed at 115dls4
per cent. Prime mercantile paper. SI4 per
cent Sterling exchange was quiet with
actual business at $4.S714 for demand, and
%.S2Aq4.S6 for sixty days. posted rates
S4.S6&G4Sl12 and $i.SSd4 SSI2 Commercial
DIS, $4.S5. Silver certificates, 60ssc. Bar
silver 6G4c. Mexican dollars, 47Ac Gov
eminent bonds We're firm; state bonds
We're dull; railroad bonds were strong.
New York June 29-Evening Posts
London financial cablegram: After a firm
in f1ea= IL
was general reaction, lead by a sharp
break on Kaffrs. Kaffirs closed weak,
but above the worst. Americans reacted
on symptoms of takings in New York and
sympathy with other markets. The readi-
ness with which all the stock offered was
absorbed however, convinced operators
how the market had broadened and
strengthened, and a rally taking place,
the leading shares continued to rise.
American Gable Companys shares are
considered suggestive. The Paris and Ber-
lin markets were steady"
New York June 29.-The market for Sc
curities to-day was one to delight the pro-
fessional trader fluctuations in many of
the leading shares being wide and very
erratic. Sugar moved over range of 80
during the day. dancing UP and down by
spurts and falls. much as boiling alcohol
would do in a glass tube. Chicago Gas
was almost equally wide in its fluctuations
and was erratic and even more active. The
range of these two great centers of spec
ulation was above last nights close in the
early dealings, especially of Sugar. and
this tended to restrain the distinct tenden-
cy toward reaction which was in the mar
ket all day, and which finally overcame
the whole list The London ex-
change was just settling down
to normal activity again after the
interruption of jubilee festivities and
prices there reflected the opinion of deal
ers that the advance of prices on the New
York exchange had been more precipitate
J han was warranted by the conditions This
influence was reinforced by heavy selling
here for London account Prices in the
main were generally feverish, especially
the Changers, and sagged 10 a marked de-
gree aside from the special cases, giving a
very irregular aspect to the market Gen
eral strength and rally followed the pub
LEGATION of the Burlington statement for
May showing an increase in net earnings
OF $2O,95O. The lowering of posted rates
of exchange 1ac to $4861s for long, and 81. So
for short bills also impaired confidence
rejecting the weakness of the exchange
market and the probability that gold ship
ments would be lighter or entirely sus-
pended this week. But heavy LIQUIDATION
in Sugar and Chicago Gas set in during the
final hour, the doubts of holders returned
in fun for all the leading properties were
thrown over at a lively rate In feverish
desire to realize and prices generally were
carried down to the lowest point of the
day. partial rally lin Chicago Gas stiff
ened prices above the lowest, leaving final
results mixed between gains and losses.
Sugar lost ia, and Burlington over a point;
Rock Island and Manhattan also North
ern Pacific preferred developed heaviness
on the belief that the difference between
the Hill interests and voting trustees were
about to eliminate. The Coalers resisted
the general heaViness on the
increased circular rates for an
thracite coal, the volume of
transactions was almost as large as yes
terday Total sale of stocks to-day were
4S2, los shares, including American Tobac-
so 10000 American Sugar 81, 800. Burling-
ton and Quincy $1,000 Chicago Gas $500,
National Lead $500 Northwest 16, 900, Rock
Island 2O100 st. Paul $4,000. Tennessee Coal
and Iron 10.10O, Southern Railway preferred
10000. The upward movement in rail-
road mortgages was continued with con-
siderable vigor, despite the extreme heavi-
ness of the stock speculation The in
quiry embraced a large number of securi-
ties in which higher prices were recorded
Some few bonds suffered from liquidation.
especially American Spirits, IS, which lost
AZ per cent. The sales were 81, 405, 900. Gov
eminent bonds were steady at bid prices,
and were without sale.
Closing Stocks.
Atchison ........ 1914 N. Y. & N. E.. 81