The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-23

bid, l1S asked; Chatham Real Estate and
improvement Company. A, 81 bid. IS ask
ed; B, 56i1 bid, 57is asked: Peoples Savings
and Loan Company, SO bid. IS asked
Factory Bonds-Augusta Factory, 1O1Ia
bid, lOS asked; Sibley Manufacturing
Company 6s, 1929 bid, 1884, asked: Eagle
ana Phen1x Minis, per cent. bonds, due
1923, l04 bid, 100 asked; Bibb Manufactur-
ing Company, 103 bid, 1861 asked.
Factory Stocks-Augusta Factory, 80
bid, 81 asked; Graniteville Factory, $50
bid. los asked; Langley Factory, 81 bid
lOl1s asked; Enterprise Factory, common
80 bid, 80 asked; j. r. King Manufactur-
ing Company, 81 bid, 10l asked; Sibley
Manufacturing Company, 10 bid, % asked
Savannah Brewing Company, 105 bid, los
asked
New York. June 22-Money on call was
steady at 2Q2ls per cent; the last loan
was at per cent. Prime mercantile pa
per- Sq3A per cent. Sterling exchange
easier, with actual business In bankers
ollls at S4.S7S4Q4.SS for demand. and $4S5341
4S6 for sixty days. Posted rates, $4S6lsG
4H and $4.Ss. Commercial bills. 81. S5G4 $751;
silver certificates, 6015Q62c. Bar silver
oO9se. Mexican dollars, 4S19c Government
ponds We're weak; state bonds inactive;
railroad bonds firm.
New York, June 22-The bears secured
the upper hand in the trading to-day. and
accomplished a downward range ofprices
WHICH gave the appearance of extreme
weakness to the market at one time dur
ing Inc day. But what, with the initial
rise In prices and the rally on covering
AFTER the drop, net changes are small in
the majority of cases, and there is a fair
sprlnkling of gains all through the list
Inc market opened with an upward
movement and with more show of ANNA
tion in the buying than has been the case
he
markets reflected a much more cheerful
frame of mind over the political outlook
IN France, and there was a cessation of
the selling pressure from that source.
winch has been feature on several days
this week.
The railroad stocks. especially the
Changers, moved upward smartlv and
very conspicuous gains were shown by a
number of the Vanderbilt stocks, New
York Central, Northwestern and ST. Paul
and Omaha rising from p to 4 points.
Pittsburg, Cincinnati, Chicago and ST.
Louis also recovered points after yes
terdays drop. There was good buying
of some of the leading specialties, the
tobacco stocks rallyng briskly from yes
teroays extreme weakness, and Sugar
and Brooklyn Transit being well taken.
Marked weakness soon developed in
Federal Steel and quickly involved other
Flower stocks, notably BROOKLYN Transit
and Peoples Gas, as well as Sugar, Metro
politan Street Railway, Tennessee Coal,
rubber, Consolidated Gas Reading first
preferred and other specialties. Extreme
declines were in Sugar, 4s4; Federal Steel.
Ss; Brooklyn Transit and Consolidate
Gas, "a, and Manhattan, Peoples Gas
and metropolitan, points or over. The
Vanderbilts, the tobacco stocks and many
of the railroads held pretty firm, but the
Changers yielded l point or over, though
their declines on the day are only frac-
ton
The last selling movement was based on
apprehensions expressed by the bears of
very heavy exports of gold on Saturday,
some of the estimates put out for effect
ranging as high as $l0,0O0,000, though the
only announcement was of an engagement
of 100000.
As a matter of fact, the rate of sterling
exchange eased off 14c for sight bills, the
rate for money in London showed an
easier tendency, and the relaxation of the
strained political situation in France re-
lieVed apprehension of a drain upon this
country's gold reserve. The market
closed firm at the rally, caused by COW
ering of shorts.
There were one or two yielding spots in
the bond market, but prices were gem
orally firm on moderate volume of bust
ness. Total sales $1,925, 000. United States
new As and the old is coupon declined a,
and the IS registered Is in the bid price
The total sales of stocks were 80 100
shares, including Atchison preferred, H.
020; Burlington, 1850; Manhattan $40;
Reading first preferred, 1890; New York
Central 8,0i5; st. Paul. IL, 12S; American
Steel and Wire $3.50; Federal Steel, &C. :
7S5; Tobacco 1910; Peoples Gas, II. 1856;
Brooklyn Transit, 42470 continental To-
bacco, 24,S33; Sugar 1895; Tennessee Coal
and Iron, 12,6S5.