The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-24

vannah Brewing Company. = bid. IS ask

vannah Brewing Company. = bid, s. ask
ed
New York. June 2S.-Money on call was
easy at 1dl1A per cent, and closed at Ia
IA per cent; prime mercantile paper. 4G6
per cent. Sterling exchange firm; very
dull. with actual business in bankers bills
at $4SAG4.S712 for demand; $4.S6isG4.S5la
for sixty days Posted rates A.S7q4.S742
and 4,SSd4 SSi5 Commercial bills, Sassy.
Silver certificates. 601sG6S5sc. Bar silver,
6Olsc. Mexican dollars, 1850. Government
bonds were strong; state bonds were duh;
railroad bonds were strong.
New York, June 23.-Evening Posts
London financial cablegram: The stock
markets remain Inactive, but strong and
hopeful especially as regards as Ameri-
cans on the steady support in New York.
The feeling in Americans is very bullish,
and something decidedly adverse will
have to occur to prevent at least fur
Their rise. Other markets were good, nota-
bly, Kafflrs, which, together with Amer
leans, are being quietly bought up by
large investors. Paris and Berlin mar
kets were quiet.
New York, June 23.-To- day was another
day of marked strength in the market for
stocks, the dealings being large and the
buying demand keen, so that the tendency
of prices was strongly upward. There
were ups and downs during the day, the
latter on profit taking for the most part,
but the close of the days trading found
prices generally above last nights close.
The outside interest in the market shows
large increase, and commission houses re.
port a great accession of orders Of
speculative character, following the solid
investment buying that has been going
on for some time, and which to-day's de-
velopments indicate is still going on The
buying was almost wholly a result of con-
q To- h., nrsoI Of hr1c
Good buying continued in Northwest but
the prices of the, stock moved quite mar
rowly affecting the price of other stocks
by sympathy about as much as itself The
Changers we're all in keen demand, and
showed substantial gain on the day. The
same was true of all western and south
western railroad properties where the
crops promise to be abundant and bring
business improvements all through those
sections. Sugar and Chicago Gas were
both under pressure at different times
during the day, and held back the market.
When these two stocks came into har-
mony with the market and moved up
ward, the highest prices of the day were
recorded for many stocks. The strength
in the Coalers developed after noon, and
the movement in the group became strong
and aggressive and the dealings quite an
mated.
The rate at which prices rose was an
indication that there is not a large guam
tity of these stocks, except Reading, float
ing in the market. Sharp advances in
some of the high-price investment stocks
were a feature, New York, Lackawanna
and Western jumping 319 on the sale of
100 shares The volume of dealings was
large, but Sugar st. Paul, Chicago Gas,
Burlington, Reading and Tobacco absorb
ed half the total sales. st. Paul, at 6014.
touched the highest prices since the panic
of 1898 The announcement of an addl-
tional shipment of $650000 in gold by to-
morrow's steamer only affected the mar
ket for a brief time. The gains in the
Coalers extended to 21z for Delaware and
Hudson, "a for New Jersey Central, 2 for
Lackawanna and ia for Reading first
preferred. Susquehanna and Western lost
a fraction; Tobacco jumped to r. and re-
acted IA, while the preferred stock gained
a similar amount and held it. Other gains
were Lake Erie and Western prefer
red; Louisville, Bay State Gas, Illinois
Steel. Lead preferred, Consolidated Ice
gained a point or over; Colorado Fuel lost
rs; Sugar moved over range of rs, but
closed a off on the day. The total sales
of stocks to-day was 27O3SO shares, IN
Guiding Tobacco, 1000; Sugar, 1920; Bur
iington, 22,SO0; Chicago Gas, 2S 400; Omaha,
1900 Reading. 1880; Rock Island 81. $50;
st. Paul 10000.
The bond market showed abatement Of
the decided strength that has character
lied its operations for some time. The
speculation was quite broad, and material
gains were established in many lines. The
middle grade securities were largely dealt
in, and registered the extreme improve
ments, which extended to AZ per cent. in
Peoria, Decatur and Evansville frsts,
Evansville division. The aggregate sales
were S1,6eS.0O0 Governments were neg
lected at the board, but quotations were
slightly higher.