The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-15

SAg4 per cent. Sterling exchange. steady,
wall actual business IN bankers bulls al
Ster4M4.SS for demand and $4.S54a4S6
Tor Sixty days; posted rates, M.S6129iH
and 81 SO. Commercial bills, $4S5. Silver
certificates 6OlaQ62c. Bar silver, 60Ac
Mexican dollars, 1Sl5c. Government bonds
were steady; state bonds were firm; rail-
ROAD bonds were irregular.
New York. June l4.-The professional
BOARD room traders, whose effort il is TO
Keep in the current OF events Tor "a short
turn IN prices, We're kept IN a very un-
settled frame of mind to-day by the fire.
quent ebb and flow of prices, and they
were left in state of confusion at the
close under the pu2zing conflict of cur
rents in the stock market
Some rather large interests evidently
TOOK their profits on the recent rise yester
Gay, ana having done SO were ready TO
aVoW the fact this morning. This brought
considerable following from outside sources
ana the commission houses were sellers OF
the general list But the bears who sold
stocks freely in the late furry yesterday
We're buyers al the decline for the purpose
OF covering their short contracts, so that
the belated liquidation was pretty well
absorbed.
In fact, the covering by the shorts and
large buying OF some of the high priced
speeialties carried prices generally after
the opening above last nights level.
But weak spots began 10 develop. nota-
bly, in Sugar, Metropolitan and the smelt-
ing stocks, the latter on the prospect of
labor troubles and general selling move
ment set in. Steel and Wire, Anaconda,
Continental Tobacco. Pittsburg, Cincin-
Baltimore '@ and Ohio, " Colorado
Southern first preferred Paper
and the steel stocks, which were advano-
weakness at different times during the
day. On the other hand, the Flower spe-
eialties, especially Brooklyn Transit ana
Federal Steel were well sustained, and
showed a disposition to advance Sugar
also after dropping off nearly points.
developed an aggressive upward tendency
and rose an extreme 6 points.
Manhattan was another center of
strength. This deferred the bears from
making new ventures on the short side,
although the early advances were not we'll
maintained. The market was In fact
waiting one in the exact sense of the word,
and fell into extreme dizziness late in the
day. The quick rally of AZ points In
Metropolitan after dropping 81, and OF
ga in Sugar, lifted the level of prices from
the low plane TO which they had been
dragged during the afternoon, and made
the close comparatively firm.
Only few stocks showed net gains,
fractional net losses being the rule, The
expected dividend declaration on North
ern Pacific common, which was announced
shortly after o'clock, gave that stock
some strength. Otherwise the grain-car-
rying roads were inclined to heaviness on
talk of harm done by the rails. Denver
preferred and the Southwesterns, general
ly were conspcuously weak. The banks
We're rather more exacting In granting
loans on call during the day. and this led
look in the money market
The conditions are much easier in Lon
don, where the effect on the stock mar
ket was beneficial and this lessons the
prospect of a further immediate outflow
of gold.
There was reactonary tendency man
Tested in some points in the bond mar
ket, and the volume of business done was
only moderate. Total sales, par value, 81
$4,000. Government bonds were I'M
changed.
The total sales of stocks were 4S1 800
shares. including Atchison preferred, a.
go; Chicago, Burlington and Quincy 49,
$50; Manhattan. 20450; Metropolitan Street
Railway, 1880; Missouri Pacific, $3.50;
Rock Island, g. $780, Union Pacific, TITS; st.
96O; American Tobacco $500; Federal
Steel 4O,945; Peoples Gas 1850; Brooklyn
Transit $3.50: Continental Tobacco, g.
400; Sugar, 109S5S; Tennessee Coal and
Iron 1000