The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-15
FINANCE AND TRADE
This Features OF the Money aud Stock
Markets.

The Features OF the Money aud Stock
Markets.
NEW YORK. June li.-Money on call
easy a. 1dlA per cent; last loan per
cent: closed offered a, per ceat Prime
mercantile paper sGi per cent. Sterling
exchange dun and firm. with actual
business In bankers bills at 81 81 FOR
demand and at 81 S5a,G4 Sc for sixty
days, Posted rates - S6ad4 81 and
81 S. Commercial bills 81 S5it. Silver
certificates GQST coke. Bar silver 59Nc
Mexican dollars {Itc.
The upward tendency wal resumed
to-day on the stock exchange Gt;er q
short lived selling movement TO realize
In continuation OF Saturdays move
ment. The rise was In spite OF the dull
ness and hsavlness OF Americans along
with all other securities on the London
exchange. This neglect was explained
By the absence OF traders 60 participate
Ia the opening festivities of Queen Vic
torias diamond jubilee. New York ig-
nored the decline in London and pro-
ceedcd 10 bid Up prices soon after the
opening. The warm seasOnable wealth
er and Its certain benefit TO crops gave
fresh impetus 70 values In the gran
ger group which remained practically
stationary all last week. At the top
price Burling,on showed an advance OF
IA, Omaha OF rs and Northwest IA
per cent. Net gains were slightly below
the highest In the Grangers as IN other
stocks. The declaration OF dividends
on members OF the Vanderbilt group
had been discounted. as had been the
passing OF the dividend on the prefer
red stock Of C. c. c. & st l.. The
common stock OF this company, after
slight opening decline. made an ac-
coun;able advance OF per cent IN face
OF the dividend rumor and first week
statement showing a decrease IN gross
ga Z lngs OF over $4,000. Reaction car :
ried the price below Saturday. close.
The local gas stocks all showed very
notable buOyancy, which no news was
forthcoming to account Tor. though ru-
mors have been prevalent for some time
OF A consolidation OF interests among
the companies. Continued strength IN
the stocks Of iron and steel companies
reflected the Improvement outlook for
business In that Industry. Conspicu-
Gus strength was manifested also oy
the GOulds. Manhattan and Western
Union. each advancing over point.
The good buying OF New Jersey Central
also continued. resulting In marking up
that stock ; points, after an initial de-
cline and some Irregular fluctuations.
The strength OF the Iow-priced shares
OF re-organizcd companies continued
manifest 10 the advance in the prefer
red stocks OF Northern Pacific and hah-
sls 4 Texas. and the second preferred
stock OF 81 Louis & San Francisco un-
der sales aggregat!ng 10000 shares OF
The Inst named. QuRe a feature 81 the
trading was the number % fractional
lots OF stocks that changed hands. m
dIcatlng the outside purchases made
through commission houses. sugar de-
vcloDel assured strength as the DAY
progressed and showed sharp gam on
~. dav Chicago Gas was active. nut
Irregular. ranging over ~ per cent ana
closing with a ne; gain less than that.
Following ara the noteworthy eN-
treme advances:
Consolidated Gas I per cent East
River preferred and Starch second q
East River Gas and Wells FarEo ~,
nrass ga. Brooklyn Union Gas :, aAa
sugar lead. Cotton on preferred. both
Rubber stocks. Brooklyn Rapid Trans
II Inin5ls steel. Norfolk & western
.'-sserrc5 p. G, C. q 81, L. preferred
pullman, st. Joe and Grand Island pre-
f4rfoi A point or over. besides th1se
sBeclally mentioned above.
Trajing IA bonds was on an enor-
r,1,,s scale. the sales aggregating al
-. ri 900 OO0 Decided gains were
",,Jc &, Issues with ST Paul rs scoring
Inc ertreue Improvement OF per cent.
M. market developed considerable
strenrth with purchases OF the prom
,1,t mortgages being made Tor specu-
i,tIve aud Investment account Win
considerable confidence
Government bonds also shared IN the
,,s,,rr,I strength that perme1ied inc
s1c,,ri,ins market. The new IS coupon
.,.srs ,,s,oted AT 1851. the best price no.
- in me present movement. Transac-
IONS we're confined TO block OF w.
| 900 At l25. .,.- ,,-d,y wore
24s.5l3 shares. ,-,,- s,o,c,a, ca
oi nv. IA Xseo, races which viii begin to-
.,,,i,ro,,, ana the approach Of the queen :
i..s,t,s ~ cb.cking business IN inc
J.,,t, markets here and to-day uaaihs
-, ,,arnant. except IN knfirs, when
- GOOD Americans reacted w
-, work prices inducing proht tlhllE
-, rally followed later ana IIlSts
eInscd arm NJ the best The teRdehSS
"a 10 buv on any pronounced setback 10
p' kpniie,nts for membership IN me
central Pacific syndicate are numerous
/ and influential .,.,,. wore
steady. .-,ovs
New L. s. IS reE.l2t,, Nash. q Chat y