The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-30
THE MORNING NEWS: -FRIDAy IITNE % ,ooo

savings ana trust Company, 106 bid 1O7
asked, ex-div; Southern Bank of the State
Oh Georgia, AZ bid, lf asked, ex-div.; Sa-
vannah Bank and Trust Company M b,d
III asked, ex-div; Chatham --V P ~
Estate and Improvement COM
pany, A, 55i5 bid. $751; asICai
B, 50 bid, IS asked, ex-div.; People,s s.
ings and Loan Company, SO bid. AZ asia
Factory Bonds-Augusta Factory mi
bid. lcS asked; Sibley ManufacturinS
Company IS, 1922 bid, 1881 asked. Ea si,ie
ana Fnenlx MlNs, 6 per cent bonds. dua
ing Company, 1903 bid, 1861 asked
Factory Stocks-Augusta Factor, eo
bid, 81 asked; Graniteville Factory 15o
bid, 155 asked; Langley Factory OF htd
1919 asked; Enterprise Factory. common
80 bid. 80 asked; ]. R. King Manufaciur'
ing Company, "a bid. 10l asked SihIev
Manufacturing Company. 20 bid. n asked
Savannah Brewing Company. 100 bid 105
asked. 80
New York, June 2s.-Monev on cau was
hrm at 212Q6 per cent; the last loan was
at per cent Prime mercantile paDer
SQ3% per cent. Sterling exchange heavy
with actual business in bankers bills at
S4.Sf52q4S74 for demand, and S4S5I%G4. $50.
tor sixty days; posted rates. S4.S6d4S7 and
Sf'SSQ4S9- Commercial bills, S4.S51t; solver
certlheates, 60l2Q62. Bar silver, COLO.
government bonds were strong: state
bonds were inactive; railroad bonds were
strong.
New York. June 29.-The stock market
showed the effect of continued proft-tak-
ing to-day. 1t was considered a foregone
conclusion that this should prove to be the
case, and most of the traders came to the
board room this morning bearish in eenti-
ment
The approach of a. triple holiday. coupled
with last weeks sharp advance in prices.
was considered sufficient reason for re-
action. The lively buying after the OPEN
ing for London account, seemed for a time
to refute the position of the bears, but
later in the day when this demand had
been satisfied and an announcement was
made of 100000 gold shipment to go out
on Saturday in spite of the low price for
sterling exchange, the bears gained re-
newed confidence and the market sagged
away without much interruption until the
last.
The weekly sta tement of the Bank of
England shows that the bank has sue
ceeded in increasing it's stock of gold only
about $4,000 during the week, while the
demands upon Ii by the money market
incident to the Stock Exchange settle
ment, have resulted in the meantime in
an expansion in its loans of over $26, 900, 600
The proportion of reserve to liability is
thus reduced from 4244 to S7.39 per cent.
A very striking change in view of the
widely expressed uneasiness in England
over the present low stage of the banks
gold reserve.
The local stock market, owing to the
sustaining effect of the buying for Lon
don account, Jared pretty well, in spite OF
the undoubtedly heavy proft-taking incl
dent to the approaching holiday, the de-
pressing effect of the gold announcement
The furry in call money and a growing APP
prehension that the disbursements of July
dividends and interest may not be re-
Elected il the money market for a consid-
cradle period after July 1.
The profit-taking was conspicuous ir
New York Central and Manhattan. The
former shows a net loss of / point, and
the latter nearly 2 points. Consolidated
Gas rose at one time points, on rumors
of a settlement of the local gas rate war
but reacted again. The Industrials anc
specialties, generally, were heavy, includ
ing Sugar, the Tobacco stocks, and tht
CITY Traction stocks. Louisville, Norfob
ison preferred, and Denver and Rio
Grande preferred were among the stock:
which showed the best support.
The bond market was generally strong
the Erie and Colorado and Southern is
sues being prominent The total sales
par value, $2600,000. United states Is anc
the IS advanced "A and the IS Is in the bic
price.
The total sales of stocks to-day wer(
4S9, 300 shares, including the following
Atchison, 1910; Atchison preferred, A,159
Burlington, 1925; Louisville and Nash
vile, II. 760; Manhattan, 1850; Readins
first preferred, 6000 Missouri Pacific, H.,
| $50; New York Central, 1880; Rock Island
80 AS; Union Pacific, $3.50; St. Paul, 24,6io
Union Pacific preferred, $685.; Peop,e1
Gas, $50; Continental Gas, 1880; Brooklyn
Rapid Transit, A,76S; Continental Tobac
co, S,225; Pacific Mail $500; Silver Certif
Gates, 5000; Sugar, 45,1S0.
New York Closing Stocks.