The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-17

asked; Savannah Bank and Trust Com
pany, 10lls bid, l023s asked; Chatham Real
Estate and Improvement Company. A, IS
bid. Sc asked; B, 81 bid. 541a asked: Peo-
pies Savings and Loan Company. 9lls bid,
92i5 asked.
Factory Bonds-Augusta Factory 81, 10l
bid. l02 asked; Enterprise Factory 6s. 100
bid. l0l asked; Eagle and Phenix Manu-
featuring Company, 6 per cent. bonds 40
bid. AZ asked; Sibley Manufacturing Com
pany 6s, 10l bid 102 asked.
Factory Stocks-Sayannah Cotton Fac
tory, bid, % asked; Augusta Factory,
so bid. So asked; Graniteville Factory, las
bid, 151 asked; Langley Factory lO4 bid
1854 asked Enterprise Factory, common,
SO bid, Sc asked; J. r, King Manufacturing
Company, 14 bid, 105 asked; Sibley Man
ufacturing Company, 20 bid 76 asked; Sa-
vannah Brewing Company, - bid So ask
ed
New York, June 16.-AIoney on call was
easy at 1G1l4 per cent; the last loan was
at l per cent, and closed at l per cent.
Prime mercantile paper SQ4 per cent
Sterling exchange, firm and duh with
actual business in bankers bills at S4S7d
4.S7A for demand, and S4,S57sd4.S6ls for six
ty days; posted rates, $4S612Gf4S7 and S. IS.
Commercial bills, AS5A. Silver certid-
Gates 60ls66OSsc. Bar silver 6Olsc. Mex-
can dollars, 47hc. Government bonds were
firm; state bonds were dull railroad bonds
were firm.
New York, June 16.-The Evening Posts
London Financial Cablegram: THE AS
cot races and the jubilee preparations alb
serb attention, with the result that there
is no business in the stock markets and
ence tlete was a small reaction to-day
in the price of American securities. Bra
zils were fiat on rumor of political dis
{ uiet in t7- country. Mines recovered
yesterdays decline and were fully active.
The Paris and Berlin markets were
-teaGy."
New York. June 16.-To-day was mark
ed by a continuation of heavy profit tax
ing, which was a feature of yesterdays
trading, and though the day closes with
the prices of many of the most promi-
nent stocks below yesterdays prices, the
average decline is small showing good
resistance to the large selling. There were
times during the day when prices rose
| sharply above yesterdays closing, but
| the higher level invited realizing in each
instance. There was a continuance of
| the good commission house buying, which
has been feature for some time past
and which sustains values with remarka-
BILE firmness. The short interest, how
ever, seems practically eliminated from
the market, and the need of this ele-
ment, which usually serves to strengthen
an upward movement, were not a factor
The utter dullness of the deal
ings in London on account of the jubi
lee festivities also withdraw a stimulating
factor. The announcement that Japan
had filed protest at Washington against
the annexation of Hawaii, had an influ-
ence in selling to some extent though this
influence was largely sentimental. The
movement of special stocks had a sym
pathetic effect on the market which was
more important than that of general con-
ditions. Sugar was strong on the votes
| of yesterday, disposing of the sugar
schedule. but 1t was later depressed on
Nl.aG H. 60. 81.
| ton of Hawaii had been signed by Sec
rotary Sherman and the Hawaiian repre-
sentative. The selling on this news was
based on the presumption that the sugar
company would derive benefit from the
abrogation of the Hawaiian reciprocity
treaty, and the imposition of a tariff on
Hawaiian sugar
Chicago Gas was also very active all
day. and showed the effect of large pur-
chases by inside interests. The early adj
vance was practically wiped out in the
later selling movement. The extreme
range of these two stocks was a fraction
over point. The transaction in them ab-
| sorbed fully one-third of the total sales.
| The coalers advanced early, Delaware
and Hudson to the extent of a point, but
| the bears opened their batteries upon the
| group quite iercely, and worked recess
| ions in New Jersey Central of points;
Delaware and Hudson IA and the Read
ing shares nearly a point. Leather pre-
ferred advanced quite strongly. IA, but
| reacted subsequently. Cleveland, Chica-
go and st. Louis preferred broke to SO,
compared with 20, the last sale. This
stock is very inactive and the fall is due
to the passing of the dividend. The early
advances were fractional and the de-
clines were enough il excess TO leave
fractional net losses all through the list.
The decline extended to a point or over
in Northwest, Louisville and Missouri
Pacific, Tennessee Coal, Western Union,
ST Louis and San Francisco second pre-
ferred St. Joe and Grand Island first
preferred, and Laclede Gas preferred, IL
net
The total sale of stocks to-day were 23S.-
SO shares. including American Sugar re-
1ning $1,000, Burlington and Quincy 1890
Chicago Gas 81 400 Louisville and Nash
vile 5000, Northwest $500. Northern Pa
cific $500, Reading 800, St. Paul 1920,
Western Union 100, New Jersey Central
| 100.
The bond market displayed little fea-
ture. The values were well sustained for
the leading shares during the greater
part of the day, with some less active Sc
| curities conspicuous for material improve
ments. In the final dealing the specula-
tive issues tended lower in sympathy
with the heaviness of the share specula-
ton. The sales were S1,2l6O00.
Governments were quiet but firm. The
transactions were $4,000.
Closing Stocks.
Atchison ........ u N. Y Central. ..1OO%
Adams Ex.......150 N. Y. & N. e. q. 81
Alton, 7. H.. go Ont & Vest. 1875
A