The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-18

dSkeus GeIIndIlld 1odNk lUct2 DID, lUSl2 ask
| ed; Merchants National Bank 81 bid, IS
asked; National Bank of Savannah, 125 bid.
- asked; Oglethorpe Savings and Trust
| Company 104 bid, 105 asked; Southern
Bank of the State of Georgia, 157 bid 100
| asked: Savannah Bank and Trust Com
| pany. 1O11a bid, 1921 asked; Chatham Real
Estate and Improvement Company A. 55
bid, Sc asked; b, 81 bid, 54la asked; Peo-
pies Savings and Loan Company, 9l15 bid,
| 922 asked.
Factory Bonds-Augusta Factory IS. 1ol
bid, 102 asked; Enterprise Factory Is, 100
bid, 101 asked; Eagle and Phenix Manu-
| featuring Company, 6 per cent. bonds. 40
bid, AZ asked; Sibley Manufacturing Com
pany Gs 101 bid, 102 asked.
Factory Stocks-Savahnah Cotton Fac
| tory, - bid, 25 asked; Augusta Factory,
| 50 bid, SO asked; Graniteville Factory, las
| bid, Isl asked; Langley Factory, 104 bid,
| 1854 asked; Enterprise Factory, common,
SO bid, 96 asked; j. r. King Manufacturing
| Company, 1O4 bid, 100 asked; Sibley Man
| ufacturing Company, 20 bid 76 asked; Sa-
vannah Brewing Company, - bid, IS ask
ed
New York, June 17.-Money on call
easy at 1Q1l per cent; the last loan was
| at 1 per cent, closed at per cent Prime
mercantile paper, Sd4. per cent. Sterling
exchange firm, with actual business in
bankers bills, at &.S764 .S7h for demand.
and 81 1914 for sixty days; posted
rates, 81. S6l2q4.S7, and a. IS; commercial
bills, S4.S5A. Silver certificates, 601aG61c
Bar silver, 6Olac; Mexican dollars, 475sc;
government bonds firm; state bonds dull /;
railroad bonds strong.
New York, June 1.-THE Evening
Posts London financial cablegram: The
markets here to-day were quiet except
for mines which were buoyant, big houses
supported their specialties, The tone of
the other markets opened rather dun,
| hrf saI1 -. ~
Americans closed quiet at the best, but
except for Lake Shore, were lower for the
| day. The market at Paris was dull and
Berlin steady.
| New York, June 1.-THE strong upward
! tendency of prices for securities was re
sumed on the Stock Exchange to-day, af-
ter the reactionary tendency of the last
two days. A powerful group of profession
al traders have been selling out their hold
| ings during the two previous days to re
| alize profits. They have coupled this ma
neuver with the expression of the convic-
| ton that the market would prove healthier
| for a reaction, rather than with too long
a continuance of a steady advance. The
| reaction has not been caused by any gen.
eral conditions seriously affecting values
! but as an indication of the above fact
| has been largely the result of manipula-
| ton with a view, to keeping up it's tone
| Yesterdays selling was accompanied by
! some expressions of apprehension regard
ing possible foreign complications grow
! ing out of the Hawaiian annexation pro
! ject. But these apprehensions were heard
no more to-day. The reaction had not
reached serious proportions and the offer
| ings to realize have been well absorbed
! To-days developments indicate either that
| the large operators have completed the
takings of their profits, or have found the
| market too firm to effect a marked reac-
| finn Thew in 40 OK 10 hrtxf
ers again to-day, and all the smaller OPP
| orators fiocked to their leadership to
swell the demand for stocks. The buying
| seemed directed against the leading
| stocks i'm which the strong upward move
ment of three weeks ago originated, and
which have been for some time stationary
while the bull campaign was relegated to
| other groups. To-day was largely profess
sional, commission houses not being con.
! Spicuously in evidence This class of buy
ing has diminished during the reaction OF
the previous two days, as was to be ex-
pected. Operations for the foreign ac-
| count were also of small dimension, Lon.
don being engrossed with jubilee festivi-
ties though some selling for London was
done early in the day, Prices for Amer
| leans were lower in London, and this
worked an early decline for the interests
here, which was practically the only ex-
| cepton to the uninterrupted advance OF
the WnOiS market all ddy, except prOnt-
taking sales at the close. The small lines
of short selling which were put out in a
tentative way yesterday were driven to
cover to-day, and added to the strong fac
tors in the market. Some of the special
ties enjoyed the benefit Of special influen-
ces and this also added to the strength
of the market. st. Paul was the leader OF
the market in volume of transactions.
with over 10000 shares; Chicago Gas, Bur
lington, and Sugar coming next in the
order named. st. Paul was retarded by
London selling, but was strong on the
second week statement showing an in
crease of nearly S31 900 in the gross earn
ings, and like the first week earnings, the
largest for the corresponding period since
1893 DesMoiness and Fort Dodge pre-
ferred jumped per cent on the announce
ment of per cent. dividend. The total
sales were 10000 shares.
The bond market continued TO displav
marked strengthy which was most mani
tested In the middle grade issues. while
gains of substantial fractions we're made
In the active securities, while some OF the
gilt-edge mortgages were conspicuous for
material gains. The aggregate sales were
$l2BLO0O. Government bonds were neg
lected and quite firm