The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-27

vannah Bank and Trust Company, 10 bid.
III asked, ex-div; Chatham Real
Estate and Improvement Com
pany, A, 81 bid, IS asked;
b. 56S bid, 51l2 asked; Peoples Savings
and Loan Company, 90 bid, IS asked.
Factory Bonds-Augusta Factory, 1919
bid. lo3 asked; Sibley Manufacturing
Company is, 1921 bid, loSis asked: Eagle
and FheniX MiRs, per cent bonds due
1928, l0i bid, los asked; Bib Manufactur-
ing Company. 1903 bid, iO5Ia asked.
Factory Stocks--Augusta Factory. 60
bid, 81 asked; Granitevile Factory. $50
bid, l55 asked; Langley Factory, " bid.
l0lh asked; Enterprise Factory, common,
80 bid, % asked; j. r. King Manufactur-
ing Company "a bid, l0l asked Ssbley
Manufacturing Company. 20 bid. 70 asked;
Savannah Brewing Company, l05 bid, LOG
asked
New York. June 2e-Money on cali was
Arm at 2h@4 per cent. the last loan was
az per cent. prime mercantile paper, S@
S% per cent; sterling exchange was easier
with actual business in bankers bills, at
AS7&a4SS for demand and at S4S5&64 SO
for sixty days; posted rates, Sis6,sGl.s7 and
AS9; commercial bills. AS5lA. Silver Ger
tihcates, 60lAG62c; bar silver, 60Ac; Mexi-
can dollars, 4s1sc. Government bonds were
hrmer; state bonds were inactive; railroad
bonds were firmer.
New York, June 26.-The opening OF the
stock market this morning showed iump
In prices and something like a rush 10
buy which spread rapidly through the
whole railroad list. In due course of time
a number OF industrials also took on some
show of strength. When this develop
ment became obvious the railroads paused
IN their advance, as though to shake off
the following of Industrial stocks Acute
weakness in the local traction stocks,
Steel and Wire and Tobacco stocks first
.alaa lrn1 4
hrm for time, but before the day was
over, buliish enthusiasm had somewhat
expended itself and the closing dealings
showed a rather easy tone, with the
prices of the railroads sharply below the
best.
A movement In the VanderbiIts was by
far the most conspicuous of the day, and
was of course, based on the reported
lease of the Boston and Albany by the
New York Central for term OF ninety
nine years. The ramifcatlons of the Van
derbilt properties are so vast and the pos
sibilities of consolidation so important that
a movement in these stocks is always GER
tain to have a stimulating effect on the
whole railroad list, and for the same rea-
son the Vanderbilt group is very likely 20
be picked out for manipulation by oper-
ators for a rise. As the floating supply
of these stocks Is not large, such manipu-
lation Is not so difficult as il might seem
New York Central was at one time TO-
DAY up points. but IL lost / point on the
failure of official confirmation or even
admission of the correctness OF the Bos-
ton and Albany report.
This. together with further engagements
of gold exports was the important inhu-
ence in the reactionary tendency through
out the market. Chicago and North west
ern, Omaha, Union Pacific and the Oregon
Short Line securities all responded sharp
lU in n xx-ffh Ma
strength.
The weakness Of the New York Traction
stocks to-day was due TO rumors OF ap-
preaching labor troubles. Sugar and a
few other specialties showed early
strength, but the Inddsirlals, with few
exceptions, yielded before the close. Good
reports OF current railroad earnings, es-
pecially In the West and Southwest were
factors in the strength of railroads De-
creases IN operating expenses of South
western railroads was a feature of the
May statements received, the May income
of Atchison being increased largely by
this means TO the extent of over $4,000
st. Pauls May statement. on the other
hand, showed the gross increases more
than swallowed up by The enlarged oper-
ating expenses.
Railroad bonds were generally hrmer.
but the volume of businesses continued
rather small Total sales. par value,
$1,S94,000 United States IS advanced Y In
the bid price
The total sales Of stocks were 47s.e0o
shares, including Atchison preferred. 49,
SIS; Burlington, 1920; Manhattan, 1850;
Metropolitan, 1850; Reading FIRST prefer
red, $3.50; New York Central, 2,5sss
Northern Pacific. $500; Rock Island, 74Og;
Union Pacific, 1920; Union Pacific pre-
ferred, 22.1S3; ST. Paul, 20, 1907 American
Steel and Wire. 17,4c0; American Tobacco
1870; Federal Steel. $3.50; Peoples Gas
$40; Brooklyn Rapid Transit, 626a0; Con-
tinental Tobacco. 20,275; Sugar, 34.750.
New York Closing Stocks.
Atchison ....... IslSlst. Paul ....... 12sKl
do pref ....., 569sI do do pref .17s
y. & o ........ 81 lSt. p. q O.....107is
Can. Pacific -. $50 do do pref ....17O
Can. South -. 5iislS. Pacific .... siA
Cen. Pacific -. 57islS. Railway 80. 10zt
G. & Ohio ..... 251al do do pref -. 50
c. e. Alton ....150 IT. 4 p ......4... 1879
Chi. y. q Q...1SS ~. Pacific .... ma
Chi. & e. M. 1874 do do pref -. 76s4
do do pref ....l30 Wabash ......... ~
Chi. c. w .,.. 1873 do pref ann. 2Ois
Chi. Ind. q L.. 0zlWheel & l.. E.. 81
do do pref 80. IS do do pref 80. 23zs
Chi. e. N. W.. 1893 Adams FIX lilo
do do pref -. 1876 Am. Express is3
G, G. G. & 81. l. 57ss'U. s. Express 40
do do pref -. IS W.T.. Expr ess. .125
De-. & II .......120 "a. Cot. Oile...... IS
D., l.. & w .17Gk do DO pref ...92
Den. & r. c.. 2iAlAm'n Spirits -. Jss
do do pref .... 1874 do do pref 80. 30
Erie new go. 12hlAm. Tobacco -. 90
DO LIST pref 49,. - do DO pref LIB
TT. Wayne ....1Si Con. Gas .......lslik
Ct Nor. pref. .1G61slCom. Cable Co. 1872
ILL., Central ...1l3MlCol. f. & I... AZ.
L. Erie & W.. IS do do pref ..107
do DO pref 80. G74i Gen. Elec ...1l7ik
L. Shore .......216 Haw Conf COLO
L. e. " ........ S7M Brook. r. T ....1l3zs
Man l. ........ 1l32s lIntnI Paper -. Al
Met 81. Ry ...2259. do do pref T
Mich Cen LIB La Clede Cas-. SEA
Mimi. & ST. L.. 52s Lead ........... 29I
do do LIST pf... 90 do pref ....1llA
Mo. Pacific 49,. f23slNat. Lin, on. 3
NJ. & Ohio 80. 37l Pacific Mall 49, az
NJ, X. e. T..... 12h Peoples Cos ..1isN
do do pref 80. 3lslPu.lman Pal .157ls
N. j. Central III Silver Ger 49,. coz
N. Y. Central. BIAS. Rope & T =. 7ss
MY. c. & 81. L. IA Sugar .l52ss
do do LIST pr. 10 do pref ......1i7
do do End pr. S2HlT c. & Iron..... 6sK
Nor & West. I9hU. s. Leather =. 81
~ Amer. Co.. II do do pref go. G9is
n. Pacific ...... 4sisU S. Rubber -. 53@t
do do pref 80. n do do pref ....ileiz
Ont. & w 49,. 255siW. Union .....,. 6Slk