The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-04


asked; Germania Bank, los bid, 100 asked;
| Merchants National Bank. s6l5 bid S7Is
asked; National Bank of Savannah 125 bid
- asked; OglethOrpe Savings and Trust
| Company, l04 bid, 105 asked; Southern
| Bank OF the State of Georgia, l55 bid, 1879
| asked Savannah Bank and Trust Com
pany, lOl bid, lO2 asked; Chatham Real Els
| tate ana Improvement Company, A. SO
| bid, Sc asked; B. 5313 bid, 5i1a asked Peo-
I pies Savings and Loan Company, 911a bid,
| 92ls asked.
| Factory Bonds-Augusta Factory 81, 1Ol
| bid, 102 asked Enterprise Factory IS, 400
| pld, lOl asked; Eagle and PheniX Manu-
featuring Company. 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,
| 80 bid, 50 asked Graniteville Factory AS
| bid 15l asked; Langley Factory, lO4 bid
| lOo4 asked; Enterprise Factory. common
| 80 bid s6 asked; ]. r. King Manufacture
| company 1O4 bid. 105 asked; Sibley Man
ufacturing Company. 20 bid, rs asked; Sa-
| Vannah Brewing Company, - bid IS ask
! ed.
| New York, June 3.-Money on call easy
| at lAMlR per cent; the last loan was at
per cent, and closed at 1G1A per cent;
prime mercantile paper 31ad4 per cent
| sterling exchange dun and steady. with
| actual business in bankers bins ar "a 81
| Tor demand and at 81 S524 al So for sixty
| days; posted rates, 81. S615G4 81 and 81 SS16
Commercial bills, a. $50; bar silver coo
Mexican dollars. 1850. Government bonds
were strong; state bonds were duh: rail
ROAD bonds were strong; silver certificates.
| 601sd6015c
| New York, June 3-The Evening POSTS
London financial cablegram saws: 'Tbe
STOCK markets here remain very staenanr
as a whole. but there is a fair amount Of
| professional
disposition to give for the call of shares
month or so ahead. The market closed
hrm and hopeful. Government bonds
We're hrm, with Spanish in demand. on ac-
count OF the change in the ministry The
weekly statement of the Bank of England
shows a decrease of f5O5.51S in coin al
though the net effluX of gold abroad vas
only $4,000. Details of the gold move
ment for the week show that f150.OO0 went
out to Russia and $4,000 to the continent
ana that f1S1.O0 in bar gold was sold for
the continent. On the other hand 1926. 900
was received from Australia and $1,000
from Hong Kong
The Paris bourse had a strong OPEN
lng' out became dull toward the close.
The Berlin market was quiet and firm"
! New York, June 3-Prices on the New
York Stock Exchange were in fun swing
upward all along the line to-day, when
! samuel l.. Post, Jr., an old and popular
member of the exchange, was seized with
neart disease and expired almost imme-
diately on the floor This visitation of
death put an immediate stop to the trad
ing in stocks and it was not resumed for
/ nearly two hours. The volume of busi-
ness was. in consequence, largely cur
tailed, many active operators Withdrawing
! from the dealings for the remainder or
the day. The confidence of Yesterday with
which all offerings were absorbed even
a large amount of stocks which had been
J bought for London account, and resold
here, had its effect in London to-day on
the tone of the market there for Ameri-
can securities. There was an active de-
mand and advancing prices as long as the
trading continued in London and was
the cause of purchases here for London
account. The buying was the most potent
factor in the market, and supplemented
by the sympathetic strength, radiated
from some special stocks it moved prices
upward to a point materially above last
nights close in the great majority of
stocks. But rush of realizing sales in
the closing transactions wiped out the
earlier gains in a great many stocks, and
left them a fraction below last nights
close, and were near the low point touch
ed in realizing movement earlier in the
day. The selling to take profits at the
close started in Chicago Gas, which had
been most aggressively strong all day,
rising in the final hour to 81, the high
point OF the present upward movement.
A fall of over a point at the close, in
2 duced selling in other stocks Sugar, also.
, was the leader of the market, with total
: of 5000 shares sold, sagged q in the final
. dealings and had a strong influence in
! causing the final decline. There was man
ifest all day in fact, rather nervous
watchfulness on part of professional
! traders for the moment to take the high
% est profits, and several notable selling
Z movements occurred during the day.
Rubber preferred broke a a the opening.
A / ha mn and r~ofo ct, ..lr-
; were feverish all day. But the buying
for London account, the improved bust
4, ness by the commission houses and the
4 strength in the specialties served to give
3 a strong undertone TO the market. The
2 Changers were very heavy, Burlington
4 next to Sugar in the list with several
6 large buying orders. The total sales of
stocks for the day amounted to 1910
shares including Sugar. 5000; Buring-
ton and Quincy, H,7OO; Chicago Gas. %, =
. 800; Reading, 5000, and Rock Island 6. 100;
st. Paul, 1ii00; Western Union, 8. 100; Jer-
J sey Central, $500; Southern railway pre-
J, ferred, 500. The bond market displayed
p unusual animation, the sales aggregating
e S2,13S,0oo, despite the cessation OF trading
y for two hours. occasioned by the demise
q of S. l.. Post. Jr. The dealings embraced
O. an extensive variety of issues. in which
; marked gains were generally recorded.
e | Considerable amounts Of the middle grade
4; and speculative issues were taken for for
eign account, ana revived investment
q | demand by domestic interests was noted
= for the gilt-edged mortgages. Improve
I ment OF ! to per cent. was scored in
r. many OF the leading properties, and there
= were but few exceptions to the upward
]. trend OF values. Governments displayed
, strength and gained slight fractions on
81 purchases OF $4,000
, Closing Stocks
, Atchison .,.,.... lllkiN. Y. a. N. E.. Il
=. Adams Eek .....i49 siOnt. q West 90. "a
/, Alton. T. II .... 60 iOregon Nav go. 10
! Am. Express ...1ii Ore. s. q. & U.N. 15a,
2 y. q o ......... gia Pacific Mail 900. nv
Can. Pacific go. 60M Poo. d. e. r Y
, Can. Southern. 49, pittsburg ........l62
Central Pacific 81 Pull. Palace 1891
r Ches. g. Ohio 1914 Reading .......... 1917
( Chic. Alton .....i5O Rio G. West 90. i2ii
4 G, y. & 49,. 7sk do do pref ..... 8sl
: Chicago COS .... 80 Rock Island ..... OK
/: Con. Gas .......,iD st. Paul ......... 1914
. ! 6. c. G. St.L. PA do pref ....... 1898
! Col Coal L... * 81. r. g. Om.... 57H