The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-25

asked, eX-dtV.; Germania Bank, 1OSl2 bid
1882 asked; Merchants National Bank.
S734 bid. SS1s asked; National Bank of Sa-
vannah, 126 bid 12S asked; Oglethorpe Saw
ings and trust Company, 10l bid, 1872 asked
eX-div.; Southern Bank of the State of
Georgia, 157 bid, 100 asked; Savannah
Bank and Trust Company, %
bid, 100 asked eX-div; Chatham Real
Estate and Improvement Company, A. IS
bid. Sc asked; B, "a bid, SAY asked Peo-
pies Savings and Loan Company, 9ll5 bid,
92l6 asked.
Factory Bonds-Augusta Factory 6s, 101
bid, 102 asked Enterprise Factory 6s, 100
bid, 101 asked Eagle and Phenix Manu-
featuring Company. per cent. bonds. 10
bid, AZ asked; Sibley Manufacturing Com
pany 6s, 101 bid, 102 asked.
Factory Stocks-Savannah Cotton Fac
tory, bid, % asked Augusta Factory.
so bid, SO asked; Graniteville Factory. las
bid, l5l asked Langley Factory, 104 bid,
1854 asked; Enterprise Factory common,
80 bid, Sc asked; ]. r. King Manufacturing
Company, 104 bid. 1O5 asked; Sibley Man
ufacturing Company, 70 bid, 76 asked n Sa-
| Vannah Brewing Company, - bid, So ask
ed
New York. June 24-Money on call easy
at 1QlA per cent; the last loan was at
/ per cent; closed IA per cent. Prime
mercantile paper, 3d4 per cent. Sterling
exchange steady, with actual business in
bankers bills at $4S7A@4s719 for demand
and $4S6BQ4.S6h for sixty days Posted
rates, $.S7 and $4SSd4SS Commercial
bills, &s515. Silver certificates 605sc. Bar
silver, 60lsc. Government bonds strong
state bonds dull; railroad bonds strong
New York, June "a. The price of stocks
made further advance to-day, putting
the top level in the current bull move
ment one notch higher. The advance,
however, was not universal. and some
prices are lower, the anthracite coal group
losing something of its strong advance
of yesterday. The International shares,
some of them, displayed the sympathetic
effect of lower prices in London and of
selling here for lower account. Others of
this group were bought for London ac-
count and gained in prices. There were
times during the day when prices were
generally below last nights close and
there were evidences of heavy realizing in
some stocks. The volume of the dealings
was smaller, by over 10000 shares than
yesterdays, was rather better distributed.
though the Changers, Chicago Gas, Bay
State Gas and Sugar absorbed about
| three-1fths of the total dealings An ag-
gressive advance in Northwest was resum-
ed after days halt carried that stock
up ~ points to 117A, and was a sustain
ing influence in the whole market. The
| Changers also maintained their strong up
ward tendency and their potent influence
in the market under heavy dealings, and
in spite of some alarmist reports of dam
age to crops. The belief in good prospects
which advanced the price of the group,
was an influence on nearly every railroad
| property in the west, whose securities are
| dealt in on the exchange. st. Pauls third
week statement, showing an increase in
gross earnings of over $4,000 was an en-
| couraging factor. This roads earnings
have been greater each week in the pres
ent month than in the corresponding week
| for any year since 1893 Forecasts of May
statements of the Granger roads give sug-
gestions of a favorable showing, and have
helped the advance.
There is reported some movement of cur
rency of small denomination to some in
| terror points of small proportions as yet,
but which is looked upon as indicative of
| a revival of business activity. The
| strength of the market is almost entirely
| due to confidence in the general outlook,
but a number of individual stocks were
strong on account of short covering, as
| Tobacco Bay State Gas and Leather pre-
ferred. Sugar was erratic. Small losses
| are shown in some of the low priced south
westerns, a rumber of the less prominent
Vanderbilt stocks and in some other spec
ialties, but this only extended to a point
in Erie first and East River Gas, ~.
The Changers, outside of Northwest, Rock
Island. led with gain of rs. Colorado
! Gas rose a point, and Minnesota Iron. Rub
Der preferred, and St. Paul preferred, each
! 15c. Sales 21s 1853 shares, including Tobac-
co, 3, 100; American Refining, 1850; Bur-
lington, q, 800; Chicago Gas, 1900; North
west IS. 100; Louisville and Nashville 5,10O;
Pacific Mail, $500; Reading, $500; Rock Is
land, 14,4O0; St. Paul. A,100.
Continued improvement is noted in val
ues of railway and miscellaneous mort
cages with considerable trading noted in
issues of recognized companies. The rec
ognized active securities moved narrowly,
but participated in the general strength
which was most material in the less
known properties. Government bonds
were in moderate demand and improved
slightly on purchases of $1,000