The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-06-07

Trust Co. 1O5 bid, lO6 asked: Southern
Bank OF the state of Georgia 1870 bid l35
asked; Savannah Bank and Trust Compn-
ny, l0S bid 10S9a asked Chat
ham Real Estate and Improvement Com
pany, A, 55'A bid Sc asked. b. 5ii4 bid, 55H
asked; Peoples Saving and Loan Compa-
ny, 50 bid. SO asked.
Factory Bonds 80 Augusta Factory. 10i
bid, 1902 asked; Eagle and PheniX Manu-
featuring Company per cent. bonds, IS
bid. 40 asked; Sibley Manufacturing Com
pany 6s, 100 bid 102 asked.
Factory Stocks -- Augusta Factory, GO
bid, 70 asked; Granitevlne Factory, las
bid, l5l asked; Langley Factory, 100 bid
lol asked; Enterprise Factory. common,
90 bid, 20 asked; j. II. King Manufactut.
ing COMPANY 100 bid 10l asked; Sibley
Manufacturing Company. 70 bid. 76 asked;
Savannah Brewing Company. 80 bid, 95
asked.
New York, June g. p. m.-Money on
call was steady at 1h@1b per cent;
last loan was at IL per cent Prime mer-
camille paper, 34M44 per cent Sterling
exchange firm with actual business in
bankers bills at $tS6h04S6ia for demand
and at ASia0ISiA for sixty days Posted
rates, &.S50 tS7 Commercial bills, 1880
1887. Silver certificates. 59ls061c Bar
silver, 5Si2c uncertain. Mexican dollars,
45iac. Government bonds, weak; state
bonds were duh; railroad bonds were
strong.
New York. June 6.-The stock market
started tins morning with every appear,
ance of Saturdays brisk upward move
ment being continued. This was the
moral effect of Lieut.. Hohsons gallant
achievement and London had felt this im-
pulse before the opening here and adj
Vanced prices of Americans quite notably.
London was q buyer here at the opening
even al the higher level over the London
parity Rumors abroad of an approach
| ing movement by Spain for peace helped
Americans in London, and even affected a
further advance in Spanish As, though the
assurances that the July coupons had
| been provided for on these was sufii-
GENTLY unexpected piece OF good luck for
the holders to account for the rise.
The heaVincss Of our own government
bonds was due TO the conviction that an
additional issue viii soon be authorized
ana uttered The brisk upward movement
81 the opening was checked by several
developments which gave color to sup
position that large moneyed interests were
content 60 sec u check 10 the rapid rise
of prices
When London saw that the advance here
was not maintained il turned from buyer
to seller. Many of the leading Changers
and lnternationals are thus nearly a point
under the best prices of the day. The
whole list lost something from the best
prices IN sympathy, but the lower-priced
stocks were finally held. Net gains are
thus made to predominant IN spite Of the
weakness at some points which was en-
phasized by the falling off IN the east
bound tonnage from Chicago and disap.
pointing traffic returns of some prominent
| railroads Money continues very cheap.
| and London sold sufficient stocks here TO
cause tirmness I'm the exchange market
Bonds reflected the pressure Of cheap
money seeking employment. and some of
the lower grade speculative bonds were
| very largely bought at advancing prices.
| Total safes &W5,000 United States old
As coupon declined l. the 2s Y and the
old As registered and the 5s 4 In the bid
| price; others unchanged
g1st-