The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-06-26
FINANCIAL AND ooMMBHOIA1.
June %.

buy even second ratio bonds and TO
an extent dividend paying stocks by
the certainty that tho new Government loan
will be subscribed for several times over
and that applicants for comparatively large
amounts are not likely to secure many bonds.
The ease OF the money market In spite of tho
fact that the Government will take in 5000.
600, 900 on loan account within tho next few
months has also directed attention to railway
and Industrial investments. In addition to
tho heavy payments to the Government on ac-
count Of tho now bonds tho Treasury will also
collect moro money than heretofore because Of
the war taxes. which will become fully opera.
tive ON July I. 1t Ia evident from the condition
Of the money market. as we'll as from to-day's
bank statement, that tho country Is amply sup.
piled with funds to meet tho requirements of
tho Government without mountaineering com.
mercial borrowers.
While the business In bonds this week has
been quite a little LARGER than last week, and n
greater number Of issues were dealt in, the busi-
ness In stocks has been smaller and less widely
distributed. Tho market for stocks has been
narrow and professional, nevertheless the ma
jority Of the list closes higher than a week ago.
The only noteworthy net declines are
in Baltimore and Ohio. because Of the certainty
Of an assessment of $50 n share; in Manhattan
Railway on additional evidence that the coin
pany and the Rapid Transit Commission are
not likely to reach an agreement, and
Sugar Refining. because OF the near APP
proach to tho opening OF new competitive con-
Germs. The upward movement has been led
by Brooklyn Rapid Transit, Western Union.
Union Pacific preferred, the Northern Pacific
stocks, and American Tobacco. The last named
was exceptionally strong to-day, though thore
was no news affecting the value Of the property
represented by the stock. Other noteworthy
net advances wore recorded ny Brooklyn Rapid
Transit and American Spirits preferred.
Tho weekly statement of averages of the As
sociAted Banks shows an increase in lawful
money Of over four and a half millions. Moro
than rs y cent. Of tho increase is in legal
tenders, received. presumably, from the
interior. The banks have increased their
accommodations moro than two and n
quarter millions. Tho changes noted are
consistently reflected in tho deposits. and tho
net result brings the surplus reserve to the
highest figures recorded in many months.
Bank clearances for the week reflect a falling
OF in general business. being 8 y cent.
smaller than last week. They are, however,
10 y cont. larger than for tho corresponding
period of last year and 4 per cent. larger than in
1892. General trade and crop reports are in
the main satisfactory. and SO are railway traffic
returns. There is a disposition. however. in
speculative markets to attach Importance to
the lower price for wheat as compared with q
year ago.
As compared with the final prices of last Sat
urday, the majority of stocks are higher. The
more important net advances are in Pull
mans Palace Car. 8 y cent; American
Tobacco. 3l9; Brooklyn Rapid Transit, 8;
Union Pacific preferred, 2ss; Western Union.
Northern Pacific common and preferred.
2 each; Southern Pacific and Union Pa
cifc, liz each; Missouri Pacific and Bur
linRton and Quincy. 1as; American Spirits
preferred and Pacific Mail, III each; American
Spirits. N. Y. Central and Reading LIST preferred,
lie each: Atchison preferred, Cleveland, Lorain
and Wheeling, Rock Island. Louisville and
Nashville. and Tennessee Coal and Iron, 1 each;
NJ. Central, Te; st. Paul. bs, and General Elec-
trio. u . cent. The noteworthy declines are in
Baltimore and Ohio. 4la q cent; American
Sugar Refining, 12; Metropolitan Street Rail-
way, =. and Manhattan Railway. @ y cent.
Few Work Stock E1chnnEe-saleu June go.
CLOSING PRICES OF UNITED STATES BONDS.
On 6. a..r "" 1'' On S, q. c. A''''
at plofa. e6 ls2o.".l24a 1851
Un st A., T.. I'm st os,r r.
l9O7.....llo Ill 1904. ...l1lh 1l2h
I'm St $50. I'm st 81, C
1907. I'LL liz 1904. .".l11a 1l2a
On St As.r. |Un st Is.
1925. lid 125hl r.lSS9.. 1917 -
RAILROAD AND OTHER BONDS I'm 81. OOOsh.
Is Atch adj d.. e6TsI 2NJC gnl 6s....ll41a
90 ............ 81 1oNYC L S col
81 Atch Gnl 49,. 93S 3Ls....... 4
IL ............. 93A l .........".. cas-
IL Am Tob scrip =. 90 3 ."...."..".. 90
......... % I23NYC NC col
16 .....-... 93h 8Ls".".... 9l1
Ann Arbor 4s.. 96 IL OR 4S..... 95L
q Atch Z c 1st.tr 62 12 oS l. en- 6s....lO7
B IS. 1888. 1874 l Or s l., inc b.. 52A
30 B& o 5slSs5,E l PacCoast LIST 5sl
ctfs......-.loob d Peo& East LIST. 7eh
Is .............llO o Pitts& West LIST 81
30 Recommendation ......"...... 7
10 Bait & o, p br..lllA 3 ,"."."".... 7
go II l Pitts & Con 4s. LOG
IL Bait Belt lst. lac r l gnl Is. .....lO5Is
&c Brook X I 5s... 90 40 Read gnl 49,. S6ab
] Br 81 LIST, tr... OH ......."....... 86iI
8 Brook I'm g oS.l l2 ......."."... S69
/ Q 40 en- bs... 4 l O SO Pac of Calcn 974
g CT o gnl 4las.. Sd o So p or N N lstl1O
8 .."."....".. 4 l o So p OF Arih LIST
c, Q As. ...........lOo
ex... 90 4StP6SC lst.. l
10 ChiTer ESQ.,. 9 l o st p s Ma en-
8 Den & r @ 6s. Oh 4hs... .....lO8A
10 Det City @ o.. 924 6St p & Ma eX
10 -. .......... 90 4s.,."".-.. 995
10 ............... o3L st P LIST, S Md.l2Oa
o Erie en- lst.....l4l is SA&AP LIST As. 647s
! Z g lien 3-4s... 744Il7 ..."...".... 65
30 ."....-..... 742 27 ...".......... 65h
q T. Tenn os......llO 3 ........-..... 05H
e Tenn div'd 5sll5 leo ........... 65S
6s.PH 2 ....n... 65a
div..."."-.. 90 10 ..."."..... 5
IT Worth lSt... 73aI l ........".. GO
."........ 1917 ............. 669
6......... 73sl s So R'way bs.... 05hs
...-....,".. "a 4 Stan II T6s.. 70
3 Or Bay. deb A. ID g ........m.... 7O2
4 H&TC gnl 40. 9lh 8 ......."..... II
! Iron Mt I'd ....lO6Al 7stan RAT inc. 10
Q ] Iron Mt 5s..".. o6 TPlst5S......lO
I'd ............. 96isI ] o Tex Pac "a in. 3S4
! Iowa Cent LIST. 10 II .............. 357s
R7 Kan & Tex As. S7N 2 To. st l. & KC
Rs ..."."."..... ssr2 ist. tr"..".. $50
.."...-.-... SSh Sd Tn Pac S.. 0SL
K&T2d..". O3hI .....".-"-.. 0Sis
6KC.P&G LIST. 6SaI 27 ............... Qss
Lou a N g ts... 9OLl 8 Union II lst.tr oOh
."......,.. 90 g -.."..."... oO'4
4L&N,P& A lstl O5 l ........... boz
hets Ry 6s...ll3l 25 U p. D & @
Mo. X & F. lst.. D9sl Isl. TIM. 62R
40 Mex Int cn..... 74L' IS ..,......... 2
3 No. X & 7 of SO ....., G2o.