The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-13


asked; Georgia and Alabama first pre-
! ferred IS, los bid, l07 asked; Georgia aud
! Alabama consolidated IS, l0l bid l02 ask
/ ed; Eatouton Branch, - bid, 97l5 asked
ex-eoupon; Central OF Georgia. Middle
Georgia and Atlantic Division 5s, bid,
| 81 asked
Railroad stocks-Augusta ana savan-
nah, ll3h bid, III asked; Southwestern
| llSA bid, ll4A asked; Atlanta and West
Point stock, 1913 bid l25 asked; Atlanta and
and West Point s per cent. certificates
lG3ls bid, l04 asked; Georgia. common. POS
bid, l4 asked; Georgia, common, 2O5 bid
bid 207 asked; Georgia ard Alabama stock
| "a bid. 50 asked; Savannah Hotel Co stock
90 bid, 5S asked.
Gas Stocks and Bonds-Savannah Gas
Light stock, 26 bid, q asked; Edison Elec-
| trio Illuminating Company, per cent
| bonds, LOG bid, 107 asked.
Bank Stocks, Etc.-Cltzens Bank, 100
bid 121 asked; Chatham Bank, los bid.
lOs asked; Germania Bank III bid. 1ls
! asked; National Bank of Savannah, 1871
| bid - asked; Merchants National Bank of
| Savannah, IS bid, 96iA asked; Oglethorpe
Savings and Trust Company. lO7la bid, lOSls
asked; Southern Bank of the State or
Georgia, 1S9 bid, 14l asked; Savannah
Bank and Trust Company, III bid 113 ask
| ed; Chatham Real Estate and Improve
Sc bid. 81 asked; Peoples Savings ana
Loan Company, 90 bid. 95 asked.
Factory Bonds-Augusta Factory. 10lh
| bid, 1903 asked Sibley Manufacturing
Company IS, 102h bid, 1881 asked; Eagle
and Phenix Mills, 8 per cent. bonds. due
1928, 1O4 bid, 105 asked; Blob Manufacturing
Company, l0S bid, 1o5la asked
Factory Stocksr-Augusta Factory 60
bid, 81 asked; Graniteylle Factory. 1850
1914 asked Enterprise Factory. common
80 bid, So asked; j. r, King Manufacturing
Company, 81 bid, 10 asked; Sibley Manu-
featuring Company, 70 bid. q asked Sa-
vannah Brewing Company, 105 bid, 1876
| asked
New York, June 12-Money on call was
steady at 2aS per cent; the last Joan was
at 2S per cent; prime mercantile paper,
| 3MGI4 per cent. Sterling exchange firm,
with actual business in bankers bills, at
SiS794 Q4SS for demand and at &S5ANl 50
for sixty days; posted rates $LS6lsQ4.s7
! and $780, commerce. al bills, AS5q4.85i5. s l.
yer certificates. 60la@S2c; bar silver. 6olsc;
/ Mexican dollars 4S1ac. Government bonds
were weak; state bonds were inactive;
| roilroad bonds were Irregular.
New York. June 12-There was evidence
OF large buying by powerful interests in
/ a imited number of stocks and of manip-
ket to-day. Speculation otherwise was in
a somewhat quescent state. Outside Of
| special cases, where prices were support
| cd. the tone was rather heavy. The rail-
! roads ranged downward within the limits
of a point during The early trading. There
was organized buying throughout the day
! f-Eederal Steel, which was marked up
| nearly 8 points and closed almost at the
| top. There was some sentimental adj
! ~ Of 10 etA lre
American Steel and Wire responding late
| In the day on covering OF shorts. But
none of the gains in the group were wei
held outside of Federal Steel.
The so-called Flower stocks were all
| we'll supported, and Brooklyn Transit
shared its strength with Metropolitan
Street Railway and Manhattan, This
group OF New York traction stocks showed
the effects of realizing from time TO time
! during the day and Manhattan was drag
ged below last nights G ose by Its weight.
The Changers were taken up at one time.
ST. Paul in the lead, but did not retain
all Of the gain, and in some instances
| more than lost IL. The coaers were pretty
| well sustained also Other points OF
! strength were Plttsburg, Cleveland GIN
| clnnati, Chicago and St. Louis, which rose
an extreme 3A, Chicago Terminal pre-
ferred Denver and Rio Grande issues,
and the newly Issued Wisconsin Central
stocks, Sugar fuctuated up and down
during the whole day, but always above
| Saturdays level, 1t rose at one time 3
points, brt lost 1t all before the close.
There was no evidence of outside demand
to keep the market up, and the railroad
group showed Itself affected by the heavy
tone of the foreign stock exchanges on
account OF political dsquiet.
The announcement Of the resignation
Of the French ministry helped the late
reaction in prices. The engagement OF an
a11iiional 100000 Of gold for export to-
morrow. although the probability Of II
had been minated also weighed on The
market. No affect was apparent in the
money market, which continued decidedly
easy. Exchange also. though it harden
ell q shade, continues a broad fraction
below the point where experts can figure
a profit on god exports
Ii Is in fact generally admitted that
The gold movement Is due to actual buy
ing 90 gold In this market to replenish
the reserve Of the Bank OF England Is
probably also for Russian purposes. A
precisely similar operation TO that under
taken by the United States government
through a syndicate TO replensh the gold
in tine treasury during the last admjnls-
trction. II is to be noted that while the
foreign money markets are thus drawing
on New York for gold as the most avail
uble source of supply Gew York banks
are Offering special inducements, such as
payns the expressage on bills RENTED
by their interior correspondents as TO
supply Of legal tender notes 10 meet the
demand of active business conditions.
The market for railroad bonds was dull
ard sluggish and changes are mixed. To-
tai sales, $2,5OO0Oo United States 3s and
the IS declined y in the bid prices.
The total sales of stocks were go, 40,
inclu1ing Atchlson preferred 1865; Bur-
lington, 1896; Denver and Rio Grande,
1880; do preferred, 7,440; Manhattan, 3s :
675; Metropolitan, s,460; Reading first pre-
| ferred, $40; Missouri Pacific. $780, North
ern Pacific, 500; Ontario and Western.
1920; Rock Island, 1886; Union Pacific,
7110; st. Paul. 1895; Southern Pacific,
1900; American Steel and Wire. 1920;
Tobacco $3.50; Federal Steel, 3,475: do
preferred. 1876; Chicago Gas, 1890; Con-
solldated Gas, $3.50; Brooklyn Transit, 3d. e
1876; Continental Tobacco. $3.50; Sugar, 50, =
! 40; Tennessee Coal and Iron. ZOO.
New York Closing Stocks.