The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-04

bid, III asked; Central of Georgia Cons.
per cent. bonds, 95 bid. 90 asked; Cen
tral of Georgia Railway first pre-
! ferred incomes. Al bid, AZ asked: cen
trail of Georgia Railway second preferred
incomes, 121s bid, 1872 asked; Central of
| Georgia Railway third preferred in
comes, 6 bid, asked; Georgia Rail-
road 6s 1910 III bid us asked; Charlotte
Columbia and Augusta LIST 5s, 1882 bid 11OiS
asked; Charlotte, Columbia and Augusta
| second mortgage rs. 123 bid, 1874 asked.
| Georgia Southern and Florida new 5s 100
bid. 10 asked; South Georgia and Flor
| ida second mortgage IS 100 bid lO1 asked.
Ocean Steamship 5 per cent. bonds 1926.
los bid, 107 asked; City and Suburban
Railroad first mortgage Z per cent. bonds.
| lOl bid. 105 asked; Alabama Midland per
cent, Endorsed, IS bid. 101 asked; Bruins
wick and Western As. so bid, SO asked:
South Bound Railway IS, 80 bid. 100
asked; Georgia aud Alabama first pre-
ferred IS, 1O5 bid, 1O7 asked; Georgia ana
| Alabama consolidated SIS. 101 bid, 1902 ask
| ed; Eatonton Branch. - bid, 971a asked ex-
coupon Central of Georgia, Middle Geor-
gia and Atlantic division IS, - bid. 81
asned.
Railroad Stocks-Augusta and Savan-
nah 1872 bid, 114A asked; Southwestern
1872 bid, 11fs asked Atlanta and West
Point stock, 124 bid. 1876 asked; Atlanta arr
West Point per cent. certificates, 1921
bid 1O4 asked; Georgia, common, 206 bln
| 2O7 asked; Georgia and Alabama stock
| "a bid. S5 asked: Savannah Hotel Co. stock
So bid, 60 asked.
Gas Stocks and Bonds-Savannah Gas
Light stock, &c bid. 2 asked; Edison Elec-
trio Illuminating Company, 6 per cent.
| bonds, 105 bid 1861 asked.
Bank Stocks, Etc.-Citizens Bank, 100
bid. 121 asked; Chatham Bank. 1OS bid.
| roo Il.
asked; National Bank of Savannah. 1}1
| bid. - asked; Merchants National Bank of
| Savannah, 81 bid, 941a asked; Oglethorpe
Savings and Trust Company. 107 bid, los
asked; Southern Bank of the State OF
| Georgia. 1874 bid, 1876 asked; Savannah
Bank and Trust Company, Ill bid, 112 ask
ed; Chatham Real Estate and Improve
| Sc bid. 81 asked; Peoples Savings and
! Loan Company, SO bid 95 asked.
Factory Bonds-Augusta Factory 1O1
hid. 1O2 asked; Sibley Manufacturing Com
pany 6s. 1O2 bid, 1O3 asked; Eagle and Phe-
| nix Mills, 6 per cent. bonds, due 1928 1O4
bid. 1O5 asked Bibb Manufacturing Com
pany. 103 bid. 1852 asked
Factory Stocks-Augusta Factory, So
bid, 50 asked; Graniteville Factory, $50
bid, 155 asked; Langley Factory 81 bid,
| 1O11k asked Enterprise Factory, common.
80 bid, 92 asked; ]. r. King Manufacturing
| Company 81 bid, 101 asked Sibley Manu-
featuring Company, 6S bid, Is asked; Sa-
vannah Brewing Company, 1O4 bid, 1O5
asked.
New York, June s.-Money on call was
steady at 2Q212 per cent; the last loan
was at per cent; prime mercantile pa
per, 3A@4 per cent. Sterling exchange
was steady, with actual business in bank
ers' bills, at $4.S7346t4.SS for demand, and
| at $.S512a4S5s4 for sixty days; posted
hills 81 S5If4 S-11h Silver certificates 61n
SIC Bar silver 60ssc; Mexican dollars
lSl5c State bonds were inactive; railroad
bonds We're steady; government bonds
New York, June 8.-The weekly bank
statement shows the following changes:
| creased $67S, 800; specie, decreased $1,1S1,-
| 300; legal tender, increased $47, 800; depos-
| it's, increased $356500; circulation, decreas-
| ed $125,S00 The banks now hold $45, 10000
In excess of the requirements of the 20 per
cent. rule.
New York. June 3.-Yesterday's sharp
turn in prices had the effect of encourage
ing the formation of a bull party in the
| stock market and they made il sufficiently
obvious at the opening of the trading,
| and even before, that they had fixed upon
| the stocks of new steel combinations ana
few other industrial specialties as the
most promising field for operations. Tips
were disseminated through inspired
| sources and by publication of coming div
| idend declara tons on several of these
properties, and their prices were bid up
in an ostentatiOus way at the opening.
There was not the expected enthusiasm,
| however, in supporting prices, either by
traders. The higher level of prices invited
| profit-taking by some of the buyers of
| yesterday, and the advance came to a
| standstil. There was hardening of
| prices on covering by shorts in eXpecta-
| ton of a favorable bank statement.
But the statement was, on the contrary,
unfavorable, and the gains which had been
established by the bull clique were quick
ly marked out. There was very little liq-
uidation induced in the decline, and the
closing was quiet and somewhat irregular
in tone, and showed net losses in the ma
| jOrity of cases.
The holiday in London deprived the mar
ket of what has been a source of strength
| in the last few days. Western Union,
Brooklyn Transit and Sugar showed evil
dences of rather acute weakness, and in
the railroad list Northern Pacific and the
CoalerS were centers of depression.
Fractional gains were retained in a few
stocks, early advances not being entirely
wiped Out in the iron and steel group. The
bank statement was a surprise, as it was
expected that the liquidation in tor stock
market would have resulted i'm a CONTRACT
ton of loans and a decrease in deposit IL
abilities. Instead of this. there was
small increase in loans. The decrease in
cash was expected, and was due to the
engagement of gold for export and TO
losses by the banks TO the sub-treasury
by reason of the small daily excess of rev.
enue returns over government eXpendi
lures which IS now the rule.
There was very little business transact
ed in the bond market, and price changes
were small. Bonds sold off in sympathy
with stocks, but they were later in Yield
ing and declines We're much less marked
United States SIS and old As registered,
advanced u, and new AS and the SIS Il
in the bid price. The old As, coupon, de-
clined Z.
Total Sales Were 1901 100 shares, including
Atchison preferred 1900 Burlington, Il
$50. Manhattan, 1860; Metropolitan 6,7S0;
Missouri Pacific $50; Northern Pacific,
5000; St. Paul, $500; American Steel, 25
265; Federal Steel 2S,1So; Brooklyn Tran
sit 25375; Continental Tobacco, 1892;
Sugar, 20,960; Tennessee Coal, 1850
Atchison =. 80. IT'S st. L. q S. w 12Ml
do pref ...... 5514 do do pref q. 31asi
Il. & O. ......... 66 St Paul ........ 123Ssl
Can. Pa. ....... 1914, do pref .... 1921
Can. So. ........ 52ialSt +. & ON. !. "a
Cen, Pa. '....... dig do do pref ....170
&. d q. ..-...... 24l2 50. Pa. .......... 81
G. A. Alton ....160 SO. Ry. ......... 1034
G.. 3. & Q. ....129A DO pref ANN. 49i5
c. a. f.. III. 49,. % ~. & Pa. ...... 1875
do pref ......l4 Tn. Pa. .......... 4012
G. G. w $50. 1874 do pref. ....... HB
G., Ind. q l.. e9s Wabash 49,. IA
do do pref. 80. 4li5l do pref. ...... 1889
c. a. n. w ....15l1.I w. & L. e $3.50 49,