The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-29

Z
DID, 81 asked Granitevine Factory. $50
old l5S asked; Langley Factory, 81 bid.
we asked; Enterprise Factory, common
W old, " asked; j. r. King Manufactur-
ing Company, 81 bid, 1Ol asked: Sibley
Manufacturing Company, 70 bid, 70 asked
asked
New York, June 2s.-Mouey on call was
nrn at 2Aq4 per cent; the last loan was
az 8 per cent. prime mercantile paper. sgl
Ss4 per cent; sterling exchange was easier.
with actual business in bankers bills. at
$-SfAQ48 for demand and at 81. $50 "A Sc
LOT sixty days; posted rates, $4.S61ka4d and
A.ss; commercial bills, $4S515 Silver GER
ulcates' oo12a62c; bar silver, 604c: Next
can dollars, 4S14c. Government bonds were
nrmer state bonds were inactive; railroad
bonds We're firmer.
New York, June 2S-Money on can was
STEADY at 2q2% per cent; the last loan
was az "a per cent. Prime mercantile ma
per, SQS& per cent. Sterling exchange.
easy with actual business in bankers
oiiis at $.S719q4S724 for demand and at
SfSo1s94.eo Tor sixty days; posted rates,
- ~ SoQ4.SI and A.SSd4.S9. Commercial bills,
S4.SSq4.S5h. Silver certificates 6Ol5Gs2c.
Bar silver 6OAc. Mexican dollars. 4Si5c
Government bonds were easier; state
bonds were inactive; railroad bonds were
strong.
New York, June 2S.--An effort was made
TO repeat the demonstration of strength in
the stock market which was given bv the
outourst of activity and strength which
carried prices TO the highest in the clos
ing dealings yesterday, but with only par
ttal success. Manhattan was rushed IN TO
fnal quotation of 1872, which was SH
above last nights price as New York
central VISA rushed up late yesterday The
sympathetic effect on the general list was
FAR below that of the New York Central
movement. Decidedly the most signifi-
cant feature of the days trading was the
cessation of the upward movement in New
York Central and affiliated stocks
There was an active opening in the
stock, caused by the accumulation of com
mission houses which were attracted by
the recent strong upward movement of
the stock. 1t was advanced early in the
day almost a point. The demand was ev-
identity satisfied for the time being and
the movement lacked snap. The price
was allowed 10 lag. There were various
factors of strength in the days develop
ments which prevented a break in the
price of railroad stocks, but there was OBJ
Vious prof1t-taking at some points and
the days net advances are small except
in few cases. The rally at the close did
not bring prices back to the top level. The
most potent influence in favor of the bulls
was lIS AdNOTdDie disposition manifested
toward American securities in the London
market.
This was in face of a tendency to de-
preston in the general market there. The
taking for London account in this market
were estimated at $4,000 shares or upwards
of various stocks. The demand was most
eager for Louisville and Nashville, which
| rose nearly 2 points on the London de-
mand.
Narfo,,s r,,poors xuara g., liberalization ,f
an approaching increase in the dividend
| rate to account for the rise. Southern Rail
way preferred was strong in sympathy.
| The effect of the London buying was
shown in a drop in the actual rate for de
mand sterling to $4.S712, thus precluding
the likelihood of further gold
exports at the present time.
| also remained steady in spite of the actiy-
| ity Of speculation in the stock market.
| Statements of railroad earnings which
were received during the day continued the
extraordinary favorable showing.
| The cash demand for wheat and the buy
| ing for export were sustaining factors in
| the Granger group, even though the de-
| cline in the heavy Northwest receipts were
/ reported to have set in. In view of these
| continued strong features in the situation,
! an effort was made to shift the speculative
/ activity into the lower grade Of railroad
| stocks when it was seen that New York
| Central had become quiescent and prohts
were being taken elsewhere.
Southern and Western railroad stocks
were the favorites. Finally the Indus
| trial stocks, which had been entirely neg
leeted, were taken in hand for rise, UNI
| der the encoura cement of the strength
manifested by Sugar and American To
bacco. They proved rather heavy to lift
| and dropped off in the last hour, Continen-
tai Tobacco and Federal Steel being es-
necially weak The firmness at the close
was on short covering induced by the final
| squirt in Manhattan.
| Railroad bonds were moderately active
and stronge Total sales. par value. 81
| 7450O0. United States rs coupon uechh-
| ed 4 in the bid price.
The total sales of stocks were 562,l OV
shares. including Atchison preferred, 20
$50: chesapeake and Ohio. 1850; Burning
| ton. $3.50; Cincinnati, Cleveland, Chicago
and st. Louis, 500; Louisville and Nash
| vile, 30,5S0; Manhattan, 64,560; Metropoii,
| tan Street Railway, 1850; Reading hrs'
preferred, $500; Missouri racine o9ooi
| New York Central 20,6S0; Northern Ia
| cific. 5000; Rock Island, $500; Union Pa
| cific 1860; Union Pacific preferred, S'O5O
| Ct Paul $3.50; Southern Pacific, $50
Southern Railway preferred, 1881; Amerl-
| can Steel and Wire, $3.50; American To-
| bacco, 6,42O; Federal Steel, 5,S2O; Peopie
| Gas, $3.50; Brooklyn, So 4S6; Continental
Tobacco, 7,495; Silver Certificates. l9VJo
| SUGAR 39.545; Tennessee Coal and Iron
6O50; Chicago Great Western, 9,4oo
New York Closing stocks-West.
| Atchison lSskSt Paul ..l2sH
| do nref. . STA do pref. ........173
7, e. q - 67 iSt p. & ON. ..10SH
Can. pa. -. SO do do pref. ....170
Can. So. ....... 55l2ISo. "a '''''''''' 30 30
Cen. Pa. ....... 529sSo ny. ''''''.''' ~
! z e q . 257ki do pref. ........ 5l3s
C. & Alton .....15O rex q "a 1900. w
c., B. & Q. .....13412I IN "a '....,'... ~
C. & +. Ill. ...... 70 40 pref 1890. ~
do pref. .......121 Waoasn ''''' 49, 70
C. G. w. ....... 14A 90 pref. 1900 zd55
| q Ind. & L. Nv. & l.. e. ...... 81
do do pref. -. Al 90 90 pref 80. 1S's
| c. & N. w. ....l60A Adams Elk ''....I ~
cCC & ST. a.. 5slki United States -. 4S
| ~ A. -,,raf 1O0iL Wells Fargo .....126