The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-05

asked; Savannah Bank and Trust Compa-
ny, lo3 bid. i05la asked; Chat
ham Real Estate and Improvement Com
pany, A. 55l4 bid. Sc asked; B. 54A bid. 55L
asked; Peoples Saving and Loan Compa-
ny. 95 bid. 96 asked
Factory Bonds - Augusta Factory, 10l
bid, 102 asked; Eagle and Phenix Manu-
featuring Company 3 per cent bonds, -
bid, 40 asked Sibley Manufacturing Com
pany 6s. 100 bid 102 asked
Factory Stocks - Augusta Factory. 6S
bid, IS asked; Granitevine Factory. las
bid, Isl asked; Langley Factory. 100 bid,
1O1 asked; Enterprise Factory, common,
80 bid. "a asked; J. r. King ManufactuI-
ing Company. 100 bid. 101 asked; SibleY
Manufacturing Company, 20 bid, 76 asked;
asked.
New York, June 4.-Money on call was
steady at 1Ad1l5 per cent; the last loan
wat at IL per cent. Prime mercantile pa
per at Si4G419 per cent. Sterling eX-
change steady, with actual business in
bankers bills at $.S6AQ4.S6ih for demand
and at $.S4l4 dA.S4l2 for sixty days. Posted
rates, &S5 and $4s7. Commercial bills,
$AS3Q4SSl4. Silver certificates, 5912Q60l2c.
Bar silver, 5S14c, uncertain; Mexican dol
lars, 45i2c. State bonds were quiet Rail-
road bonds were firm. Government bonds
were irregular
New York, June 4-The weekly bank
surplus reserve, decrease, s., 454, 900; loans
increase $ll,S9o,9 800; specie, increase. $780,,
100; legal tenders, increase, S25S 800; depos-
its, increase, $13 Ala, 200. Circulation, de-
crease, $500. The banks now hold $52,-
249 400 in excess of the requirements of
the 5per cent. rule.
New York, June 4-There was no trace
left to-day of the reactionary tendency
manifest in the stock market late yester-
day. The change might be accounted for
in two ways First, the adoption by the
Senate of the section of the revenue bill
authorizing an issue of bonds and treas
ury certificates, may have relieved the eX-
pressed apprehension for the care of the
governments finances. Second, the pro-
fessional Spectators who sold stocks and
took their profits early in the week and
were anxious to get back al low prices
may have been satisfied with the extent
of yesterdays reaction and glad 10 buy
back stocks at the lower level. The sec
ond explanation Is more likely to be true
1t was evident before the opening of
the market to-day that it would be diff
cult to effect any further decline in prices
as London had advanced Americans a
large fraction all around. When the bank
statement first appeared there was some
pressure to sell by traders who make it a
rule to always sell stocks when the banks
surplus reserves show a decrease. But a
better analysis of the return soon led to
renewed buying. The closing was active
and strong near the top prices, net gains
in the case of most active stocks ranging
between l and 2 points, and in exceptional
cases above that.
The final blockading of Admiral Ger
vera in Santiago harbor has given strength
to the stock market all the week But the
event, as is the case in Wall street with
all expected events. had been discounted
by large buying.
Bonds have distinctly showed the broad
ening pressure of idle money, seeking en-
ployment in enlarged business and higher
prices. United States new As have ad-
vanced IA the old As, coupon, l, the 2s,
Y, the IS, registered % and the IS, coupon,
a in the bid price.