The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-20

$40 members. practically all attending
members OF the day. The governing CON-
mittee Of the exchange via probably act
on This petition next Wednesday. If lt
decides for July 8 holiday as is generally
expected, II Is probable that most or all
OF the other exchanges will follow suit
steady az 2u2la per cent. the last loan
was az z per cent; prime mercantile pa
nrni, with actual business n bankers bills
az N.NAMiSS for demand and al 4.S5s46p
tse Tor sixty days; posted rates, i.SS'2fc
4& and S4.S9; commercial bills 81 S5d4 S5l1
Silver certificates. 60i6Gs2c. Bar silver, &,
6OSsc, Mexican dollars 4sikc Government
bonds irregular; state bonds inactive; rail-
road bonds easier.
New York. June is.-specuIation IN
stocks has evidently reached a sort OF
equatorial line, and Is hopelessy bccalmed
in the doldrums with not enough head
way to indicate In which direction its
course shall be finally shaped. Dealings
to-day continued profoundly dull, and
outside of movements Of a few special
stocks which We're influenced by individ-
ual causes, the days events were incon-
sequential As Is only natural IN mar
ket where the buying demand Is practi-
cally NIL the drift OF prices was down.
ward. even with very small body of Of
ierlngs 20 weigh on the market. Theirs
was IN addition the sympathetic effects
OF an active liquidat ton coupled with bear
pressure In Steel and W.re
me net results for the day are losses
IN almost all cases. and In quite a num-
Der OF eases these amount to as much as
q point or over. Steel and Wire showed
lts weakness from the opening and drop
ped by successive stages without any de-
termined support being manifest to a lew
Saturday.
The confusion and uncertainty as to the.
declaration of a dividend at the coming
meeting due TO the conflicting utterancea
Of those connected with the property.
showing the existence of a dispute
amongst the directors themselves. are re-
sponsible for this weakness. Heavy lines
OF TINS stock We're taken on by operators
on the confident assumption that a divi-
deud Is to be declared. Federal Steel and
other stocks of companies In the steel
trade dropped IN sympathy. A buying de-
TO Colorado Fuel, had a large Influence
IN checking the decrease in the Whole
group, ana affecting o partial recovery.
lowest In the last sale, at net decline
Of oyer 2 points The temporary strength
displayed BY Sugar also served as sus-
The early drop in che wheat market STIFF
Tened me Changers for while. but they
The prevailing depression on foreign
exchanges was an Influence, and the bears
solo the Traction stocks on the theory
that Western street railroad strikes might
spread. Inc baltimore and Ohio stocks
were rather consplcuously weak with no
further explanation apparent than the
decrease In net earnings compared with
last year IL Is evident that the public
and operators in stocks are waiting for
the future course OF events IN the coun-
trys business and Industry 70 become more
clearly defined. Although the buying de-
mand Is az standstil. present holders
show no disposition to sell at the present
prices, There was some short selling evil
dent to-day, but the borrowing demand
for stocks Is 50 small as TO preclude the
idea that large short interest~exists.
The bears are apparently as disinclined
to operate as are the buyers The con-
sequence Is the almost stagnant waiting
market
Prices OF railroad bonds tended to fall.
but business in them was almost as quiet
as that In Stoke Total sales par value.
81 995,00A United States SIS, coupon, de.
cined "a, and the old 49, coupon. adj
vanced Y IN the bid price
The total sales Of stocks to-day were
$4,000 shares, including 10, $50 Atehison pre-
ferred, u@5 Burlington. $50 Reading pre-
frerrod, 5,5Qg Northern Pacific, 600 Union
Pacific, 1850 st. Paul. $3.50 American
Steel and Wire "a. 1892 Federal Steel. e.5M
do preferred $50 Peoples Gas. 34.55S
Brooklyn Rapid Transit. 5000 Continenr
tai Tobacco. 1850 Sugar. $3.50 Tenncs-
see Coal and Iron.