The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-14

New York. June 13.-Money on call was
steady at liaG2 per cent; the last loan
was az IL per cent Prime mercantile
weak, with actual business In bankers
bills at AS5hQ4.S5is for demand, and az
IS5@dAA for sixty days Posted rates,
AN5Q4S5i2, and SiS6l604.SZ Commercial
bills, SLSSl5. Silver certificates. 57%@5Si5c.
Bar silver, 579lc. Mexican dollars, 45hc.
Government bonds were strong; state
bonds were dun; railroad bonds were
weak.
New York. June 1S.-The slump in the
stock market to-day was a surprise to
most speculative Observers who booked for
un advance in prices after the apparent
abandonment of last weeks persistent at
tempt to secure a reaction. The underly-
ing cause of to-dny's violent decline was
not very clear
Superhcially there was evident some
sympathy with the dropping of the bottom
out of the wheat market, and there were
very heavy sales of securities on the New
york exchange on Geographic orders from
Chicago.
Weakness permeated pretty much the
whole list, but was especially marked in
the Changers. Peoples Gas and some OF
tie high priced specialties. Acute selling
pressure from Chicago gave rise to some
persistent reports of a pending large fail
ure IN Chicago In the grain trade But
there vas also an ingenious suggestion to
the effect that large speculative COM
bnation in Chicago was manipulating the
market with a view to going long on wheat
while going short on stocks on the pros
poets OF inevitable rumors Of crop damage
before harvest time.
Damage TO the crop or even widely cred
lted reports Of damage would certainly re-
SUIT IN bulge in the wheat market, and
IN a sharp reaction in stocks. There was
an appteciablc hardening in the tone of the
local money market to-day. and rates for
time money were quotably higher Ster-
ing exchange declined X to sc both for
actual and posted rates Preparations for
the government bond issue were thus man
ltest In the money market and may pos
slbiy have made an impression also on the
stocks speculation. London bought freely
Of stocks at the morning decline and
thus helped to weaken the exchange The
rally IN the last hour of the stock market
was plainly on covering by professional
trauers and reduced the losses in many
stocks by point or over
10 days activity IN the bond market was
at the expense of values as was in the case
OF stocks. Sales 81 100000. United States
new Is coupon advanced q, and the regis
tered Is old, and the new q IN the bid
price.
New York Closing Stocks.
Atchison ...,.... 13hlst. Paul e. -. .1o0n
do pref ........ 80 do pref .....l4si6
Bat, Q. ,..... Hast. p. * 0. M. .. 761s
Can. Pae, ...... S5la do do pref ...150
Can. Southern. 5l24 st. p. M. & LII
Cent Pac. $50. 1880 Pacific ....... 1874
Ches. ~ ONO 22ss So Railway 80. SM
Chi & Alton ..15S do pref -. 29s.
{. *. q .. ...., JOSH Texas Pacific :. 1874
Chi d p. III -. CT Union Pacific =. co
g G. g. d ST. l. 80 ~. Il. d. a. O.. TX
40 DO PREF ..... bS Wabash ......... IA
Del. q Hudson .109k do pref ........ 1917
Del L. q w. ..lJl Wheel. & l.. Il =. ia
Den & Rio c.. IL do do pref ...... II
do do pref .... 81 Adams Elk. lilo
Erie new ...... 1873 American Elk. ...126
do Isl pref .... S6B United States =. 40
TT Wayne .....16S Wells Fargo Lie
VI NOR pt LIS A. Cot. OIL $50. 20A
Hooking Val a.. ~ do pref ......... Is
Illinois Cent. ...105 Am. Spirits ..... 14h
Lake e. & W.. 1873 do pref ...... 3s
do do pref 7215 Am. Tobacco ...1159s
LAKE Shole '.'.4o9 90 pref .........llS
Louis. d NASH. 52h Chicago GAz ..100ls
Manhattan L.. .104 Cons. Gas $50. 2OH
Met. st. Ry ....16Oh Com. Gable Co. 100
Mich Cent. ...10S lCol. Il. & Iron. 2lA
Mlnn d 81. l.. 2S12I do do pref 80, 30
do do lst pref 81 Gen. Electric -. Btu
MO. Pac. ...... 359s Illinois Steel -. 16lh
Mobile & Ohio. q La Clede Gas -. 4Sal
Mo. *. & T. -. lOA Lead =. .......... 35
40 PREF ........ ~ do pref ........106A
Cnl., Ind. d L.. "a Nat. Lin OIL .... 10
do do pref 30 ore. Imp. Co... 30
N. j. Central 95ls Pacific Mail 80. 20
N. Y. Central ..ll6s Pullman Pal ...1S8
ny. c. q st. l.. IL Sil. Certificates 572i
do do LIST pref. 60 S. r. 81 T. ...... ~
90 90 znd pref 5515l sugar mn. ...l39B
NOT west % do do pref lilly
do PREF ........ 6lhlT. Q. 81 Iron >. 23h
No. Am. Co. -. 6AlU. 8. Leather :.
No. Pacihc...... 29h do do pref .... 65ik
do pref ....... 69hU S. Rubber :. 2lh
ontario 4 W. l5AI do do pref -. 50
ore. X. q NJ. 50 West. Union. >. DIX
Ore S. Line -. 80 North western 1891
Pittsburg .......169 do pref ........17O
Reading .... l9hst. l.. & s. W.. 5A
DO list pref 46A do do pref go. 119a
ROCK Island ....106s r. @. & w. 80. %
st. l.. & S. F. IA do do pref 49,. 64N
do do LIST pref . GO Chi c. w. ..... III
do DO End pref 20 Hawaiian c. Co. 22Is
Bonds.
us. new As, reg 12lh do Ss ......... s2H
90 coup. ......l22Izl do As ........... 81
U. S. 4s..........10ShI N. Y. c. & st. l..
90 coup .''''.'lVJRl ~ .,,..,,. 1884
do ENDS ....... 90 Nor. q West. 6s.120
u. $. IS req. HOY Northw cons. ...14O
DO 0s coup......llOAl do deb. 5s...... lilo
District G5s....i14 TO- Nav. 1sts...n.1r5
Ala. class A....110 o. ". 4s........ 95
do -. ..........100 o. 8. l.. Is I. r. 1861
do G. .......... 80 o. S. j.. IS {. r.. .106IA
do Currency 80 o. ]. lists. {. .,.114
Atchlson As 80. OK do 5s, /. r.. COZ
do adj. 4s..... SIR Pacific es of IS. .1Oi
Can. 50. ends. .10SA Reading IS nm. S5a
c. 7. 4s......... $50 Il. q. w. 1sts.. SIX
c. & Ohio 5s....1n St l.. & l. M
c., II. & ID. 41as Con. 5s ........ 9azs
old. ........... .lOiMI St. l.. & s. f. G.
D. & II. G. lists 1867 IS, offered ...120
ID. & n. G. 4s... 95sslSt r. Con....145
East Tenn. lists 1903 81. +. Cap lists. f2OIs
Erie Gen. ISL. "A do s. ..........115lb
f. w. & ID. lists So. Ry. IS. .... 95]a
I. r .......... Y 5. r. g. T. 6s. 6s
Gen Eiec. 5s... .i02is Tenn. new set 3s. 91M
c. H. & S.A. 6s105 In. p. L. c., lists. lO53S
do 2nds ......i05 do Rg. ends. 49,. 3sh
H. & T. G. 5s....109 III. y. d. e. G.
do con. 6s.....10i lists. ............ 6iN
Iva. G. lists. 80. .100H Wab. LIST S. 49,. .lO84,
La new con. 4s.lC0 do ends ....... s4H
J.. g. n. uni. As. 9OkI w. Shore ISL. 1851
Missouri 6s .....100 Va. Centuries -. II
". *. & T. DDS 62% do deferred go. 5h
do As .......... SGsi NJ. & O. 4s...... ~