The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-09

FACTORY DOnOS-EAuSu FACTORY lUl
bid 1O2 asked; Sibley Manufacturing Com
pany Is, 102 bid, los asked; Eagle and Phe-
nix Mills, 6 per cent. bonds. due 1923. 1o4
bid, 100 asked; Bibb Manufacturing Com
pany. 1903 bid. 105Ia asked.
Factory StOcks-Augusta Factory, 5s
bid. 50 asked Graniteville Factory $50
bid. 155 asked; Langley Factory. 81 bid.
1919 asked; Enterprise Factory, common,
90 bid 80 asked; J. r. King Manufacturing
Company, 81 bid, 101 asked; Sibley Manu-
featuring Company. 6S bid, 70 asked; Sa-
vannah Brewing Company. 1O4 bid, 1Oo
asked.
New York, June S.--Money on call was
steady at 2Q21a per cent; the last loan was
at 2 per cent. Prime mercantile paper 81
"A per cent. Sterling exchange easier,
with actual business in bankers bills at
SAS1S464.SS for demand. and at 81 S534Q4 Sc
for sixty days. Posted rates, A.S619d4.Sl
and $4.S9. Commercial bills $4.S5i4Q4 S5l2.
Silver certificates, 61Q62c Bar silver, 60Ac.
Mexican dollar. 4Shc. Government bonds
firm. State bonds inactive. Railroad
bonds strong.
New York. June S-The market took
on the appearance of vitality and strength
which are associated with bull market
at one period during the day, but the In
evitable professional realizing seemed to
take the snap out of the market, and
when the bears perceived that the buying
was not renewed with any eagerness,
even after the realizing onering had ceas-
ed, they attacked the market in the last
half hour and worked some very material
recessions in prices.
Sugar, Metropolitan and Brooklyn
Transit closed more than points below
the high level. though retaining stin good
net advances in price. A number of the
specialties and prominent railroads also
had a point or over taken from top prices.
A long list of important stocks opened
at unchanged prices, and no stock in the
list showed a change of as much as
point in the early transactions. II was
evident that there was large bear party
in Sugar still unconvinced by yesterdays
dividend declarations, and they undertook
to force down the price of that very I'M
certain security. BY the time it had fall
en- 2 points, however the decline met re-
sistance of a kind which it was not in
the power of the bears to overcome. Their
experience during the remainder of the
day was not an agreeable one. and the
heavy blocks absorbed at the high level
was convincing evidence of their dis
tress.
The advance in price of refined sugars.
which was acquesced in by all interests
in the trade, seemed to bring home to
the bears that the competition could not
be of a very destructive character, and
that the opposing interests might be fair
ly regarded as installed In the position
of insiders regarding stock market man
euvers. The very buoyant tone of Brook
Ign Transit, Metropolitan Street Railway,
and Manhattan added TO the discontinue
of the bears Later in the day the to-
baceo stocks took up the advance. Yes
terday's dividend declaration on Atchison
a ST on
that stock, as well as those of all grain
carrying roads.
The Western and Southwestern stocks
nearly all rose over a point, and pretty
much the whole railroad list responded
in sympathy, the only laggard being a
few Southern roads, which We're affected
by selling for London account.
The announcement of a further ship
ment of $1OOOOOO gold on Saturday, max
ing a total of $3,500,00O on the movement,
was without influence in the market
The market for bonds showed improved
strength and an increased volume of deal
ings as the day progressed Total sales
$2.S2O0e0. United States Is advanced Y
in the bid price
The total sales of stocks were 725, 500
shares, including Atchison preferred, A.
500; Burlington, 9,7S1; Louisville and
! Nashville, 5000; Manhattan, 22,500; Met
ropolitan Street Railway, S,l25; Mexican
Central, 800; Reading FIRST preferred
$3.50; New York Central, 1875; Missouri
Pacific, IS, rs; Ontario and Western, 24750
Northern Pacific 1900; Rock Island, II $780,
Union Pacific, 1890; do preferred, 5O00
ST. Paul, $3.50; American Steel, 2i985
Tobacco, 2O,17O; Federal Steel, 10000; do
preferred, Al ,27S; Peoples Gas, 1860; Con-
tinental Tobacco. 1860 do preferred,
S,40O; Brooklyn Transit, 9O,4SO; Sugar, &c.,
455.