The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-11

bid, 81 asked; Granitevllle Factory, $50
bid, loo asked; Langley Factory, "a bid.
1919 asked; Enterprise Factory, common,
80 bid, 80 asked; J. r. King Manufacturing
Company, 81 bid, 1O1 asked; Sibley Manu-
featuring Company, 20 bid, Is asked; Sd
asked.
New York, June 10.-Money on call was
steady at "a per cent, the last loan was
offered at per cent Prime mercantile pa
per .2Q212 per cent. Sterling exchange
steady with actual business in bankers
oils at M.Sl9sQ 4.Sl5s for demand, ana at
-. So9sQ4 SOS for Sky days. Posted rates
d.o612Gl4.S7 and 81 50. Commercial bus,
S4.e5l, SILVER certificates, 6O12462c bar sli-
yer, N9sc. Mexican dollars, 4S1sc. STATE
bonds inactive. railroad bonds irregular
government bonds firm.
New York, June 10.-The weekly bank
statement shows the following changes;
Surplus reserve, decreased SS,3o15 800; loans,
increased, So 0o. 400; specie, decreased, 81
oSl 500; legal tenders increased, $500; de-
posts, increased, 81 go; circulation, de-
creased $5OlOO. The banks now hold 49,
so. 100 in excess of legal requirements.
New York, June 10-Yes terday's notable
rise in stocks brought the expected rise
in large orders to commission houses by
wire and mail TO buy stocks. These were
put IN at the opening and expected at
the high prices TO which values were
marked. The professional operators VINO
nave been buying stocks in the last few
days met this demand with sales to real
lie. After this trading had been conclud-
who have started to buy stocks in the last
few days were indisposed to pursue their
active tactics and the market began 10
sag ON Light transactions. The low point
was reached just before the publication of
the bank statement when prices in many
cases were below last nights level. Amer
lean Steel and Wire, Sugar, AIchiSon pre-
terred, 81. Louis and Southwestern pre-
ferred, Brooklyn Transit and Manhattan
We're the severest sufferers from the reac-
ton.
The experts had figured that the bank
statement would show a decrease of So
100000 IN, cash holdings, although il was
known that only Sl,500,000 of the week
gold shipments would figure in the state
ment The losses of the banks to the
SuD-treasury We're expected TO be heavy.
Instead of this there was a decrease In
cash of less than a million ana a half,
ana the liberal expansion in loans of over
$lUQ0OUOO was evidence of the easy feeling
OF bankers over the outlook for money.
Prices of stocks hardened as a conse-
quence, and recovered most of the earlier
decline.
Sugar touched the top price for the dav
ana consolidated Gas rose about So points
Iouched the top price for the day ana
Gohsoldated Gas rose about 512 points.
r,enhsyIy wanna was consistently strong
throughout on the selection of the new
president, and St. Paul enjoyed the benefit
OF IT'S increase of $l02, 600 in gross earnings
Tor the first week in June.
Inc bull leaders are undoubtedly count
ing on the favorable effect 20 be produced
by coming. reports of railroad earnings,
whlch for the next few weeks will compare
with the period last year when the Letter
wheat deal reached its collapse, the price
OF wheat suddenly dropped, and the move
ment OF grain, and, consequently, the
earnings OF railroads had the only notable
setback of the year.
The bull movement sought to be inau-
gurated yesterday in American Steel and
WIRE proved abortive, and the stock fail
ed 10 rally from its weakness to-day.
sugar was comparatively quiet, but re-
sisted az attempts to force 1t down. The
selllhg Tor London account because of The
TTansvaal crisis was ignored.
:, IN the bond market there has been some
increase OF activity in the latter part of
me me, week, and an Improvement in prices.
t oni.ed states rs advanced l. the old as
registered y, do coupon, 4, and the new
As and the SIS Is in the bid price The SIS
.. The total sales of stocks to-day were
g gaa % shares 6a including Atchison prefer
first preferred, $500; Manhattan u S09. ~
d Faul -i5aSSo american Steel and Wire o.
go; Brooklyn Transit, 20 4SO: ContinentsI
Tobacco, 6,2T0; Sugar, "a $50 '''
NJ