The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-28


Point per cent certificates, l02Ib bid lOsiL
asked, eX-int.; Georgia common. IN MD
200 asked. Georgia and Alabama stock
80 bid, "a asked Savannah Hotel COMPANY
stock 80 bid, Is asked.
Gas Stocks and Bonds-Savannah Gas
Light stock. 2T9i bid 2Sh asked: Edison
Electric Illuminating Company per cent
bonds, 1864 bid, i07 asked: Edison Electric
Illuminating Company stock bid, 1o7
asked ex-dlv
Bank Stocks. Etc.-Citizens Bank. 100
bid, III asked; Chatham Bank. 106iS bid
1918 asked, eX-dv.; Germania
Bank, 1i6 bid, III asked, ex-div.;
National Bank of Savannah. 1ss
bid. 1856 asked; Merchants National Bank
of Savannah. 100 bid, lOl asked; Oglethorpe
Savings and Trust Company. 1O5 bid, IO7
asked, ex-div.; Southern Bank of the
state or Georgia, l45 bid. l5o asked; Ss
vannah Bank and Trust Company 10 bid
III asked. ex-div.; Chatham Real
Estate and Improvement Com
pany A, 55ls bid. 56I5 asked:
B. So bid. Sc asked, ex-div.: Peoples Saw
ings and Loan Company. 9S bid, % asked
Factory Bonds-Augusta Factory, l0lls
bid, 1903 asked; Slbley Manufacturing
Company IS, 1921 bid 1921 asked; Eagle
and Phenix MILES, G per cent bonds. due
1923. lN bid, los asked; Bibh Manufactur-
ing Company, 1903 bid, lO5ta asked.
Factory Stocks--Augusta Factory. Go
do, oil asked; GranlteVille Factory, $50
bid. 1855 asked; Langley Factory. % bid
l0lla asked; Enterprise Factory, common,
30 bid 90 asked; j. r. King Manufacture
ing Company, "a bid. 10l asked; Sibley
Manufacturing Company. 10 bid. 7S asked;
Savannah Brewing Company. l05 bid, log
asked.
New York, June 26.-Money on call was
firm at 2AQ4 per cent; the last loan was
az per cent. prime mercantile paper, so
3% per cent; sterling exchange was easier.
with actual business in bankers bills, at
4SIAq48 for demand and at Si85S4 al Sc
for sixty days; posted rates $4S6Ik6D4S7 and
AS9; commercial bills, $iS5lb. Silver GER
uhcates, 6O1s062c; bar silver, 60ho; Next
can dollars, 4S1sc Government bonds were
tirmer; state bonds were inactive; railroad
bonds were irmer.
New York June N-Money on call was
steady at 2Q2h per cent; the last loan
was at 21s per cent Prime mercantile
paper 3d4 per cent Sterling exchange
easier, with actual business In bankers
bills at S4.S7Aa4Ss for demand. and at
$AS5lad4.S5% for sixty days. Posted rates,
4S6}2@4S, and &.SS1aq4S9 Commercial
bills, A.S5A. Silver certificates. 6O1a6i62c
Bar silver, 60l4c. Mexican dollars, 4sibc
Government bonds were strong; state
bonds were inactive; railroad bonds were
strong.
New York, June 1.-THE activity of the
buying Of railroad stocks shove some fall
ing Off In the course OF to-day after a no
table active opening and early buying
movements. But the demand sprung up
again In the last half hour of the trading
in full force and carried prices of the rail
roads 10 the highest of the day. New York
Central was again the center of interest
in the market and It was final squirt Of
Ia points in this stock that gave the mar
ket its strong close. Manhattan was also
rushed up in the final dealings to l16h on
the announcement of the closing OF con-
tracts looking to the change to electric
motive power.
The bun leaders were evidently in a con-
certed effort 10 make final prices of the
day the highest. Federal Steel was con-
spicuous at the opening by an advance of
19s on the dismissal Of the Injunction
against the payment of the dividend de-
clared on the common stock
Denials from official sources that any
labor trouble was impending among the
street railway employees In Greater New
York also gave an upward tendency 10
Brooklyn Transit, and Steel and Wire
showed some sympathy with Federal
Steel, since the directors of that company
had assigned ehe Injunction against the
Federal Steel Company as a reason for not
declaring a dividend on their common
stocks. Sugar was also disposed TO move
upwards.
To-day's business as a whole was how
ever, larger than for some time past and
was remarkably well distributed through
out the railroad list, to-days reports of
earnings from all sections emphasizing the
effect Of those received yesterday.
The increased speculative activity can
hardly fail TO call for increased loan ac-
commodations and this IL expected to add
to the already unfavorable bank return
for Saturday, in which gold exports OF
S.50O000 win have to figure.
The heavy dividend and interest obliga-
lions TO be met July will also make heavy
temporary demands on the money market.
The possibility of a squeeze in the cir
oumstances 10 taken into account by some
observers, But Il Is noticeable that TO-
days hardening OF money rates IN New
York resulted in a lower rate OF sterling
exchange, although the rates for money
In London were also higher on the demand
incident 10 the Stock Exchange settle
ment London bought stocks in New
York which was said to represent bear
covering on the settlement, and which had
IT'S influence in lowering the rate OF ex-
change. But whatever temporary furry
may occur In The local money market,
the July disbursements will undoubtedly
bring relief.
The bond market showed increased ac-
tivity and strength IN sympathy with
stocks Total sales, par vafue. 81 .237, 600. |
United States 2s advanced Il and the IS
~ In the bid price.
The total sales OF stocks were 5i3 500
shares. including 2.599 Atchison preferred,
49, 600 Burlington, 1912 Louisville and
Nashville, 227s Manhattan. 1870 Metropol-
itan u. RS Union Pacific, 1850 Union Pa
cihc preferred, 9450 Missouri Pacific, 6l50
Missouri, Kansas and Texas preferred, 35.-
1870 New York Central. 5000 Chicago and
Northwestern, 1912 Rock Island, 1880
Reading first preferred 1920 American
Steel and Wire. 1886 ST. Paul. 1905 Fed
erai Steel. 5000 Peoples Cas- Al 255 Brook
lyn Transit. 1870 Sugar
New York Closing Stocks
Atchison 1874 ST. Pau ........ 1891 |
do pref ....... 57is DO pref . 173
Baltimore & o.. G. ST. p. & ON. 1904 |
Canada Pacific. 9sA do do pref 49, 10
Can. Southern. 55h So. Pacific ...... 3l7s |
Central Pacific. % So Railway 49,. i
c. e. o. .,...... 2jh do pref mum. 50ss |
c. & A. .........l5o Tex. &c Pacific. 1917 |
c.. B. e. Q. -. 1SS7s.union Pacific -. 4?h |
c. & e. III. ..... 7lial do pref ........ nv |
do pref ...... 30 Wabash .......... IA |
Chi G. w. ...... 14h do pref NAM. aOM |
A. Ind a. /, q Wheel a. T. Il