The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-22
FINANCE Avn TRADE
The Features Of ths Money aud stock
Rfarketa

Markets.
NEW YORK, June 2i.-Money on cali
easy at lG1k per cent; last loan per
cent; closed at / per cent. Prime mer-
camille paper Sa4 per cent. Sterling ex-
change arm. with actual business in
bankers bills at 81 S7hd4 sly for de-
mand and at 81 S6fiI SGik for sixtydays.
Posted rates 81 S6lEG4 sly and 81 SSq
1 SSis Commercial bills 81 SSls. Silver
certificates 6lk G6lHc. Bar silver 4Ohc.
Mexican dollars iTAe.
The efforts OF the professional traders
to work u reaction In the bull stock
market have again proved abOrtive to-
day and the result OF the days trading
shows net gulns in the majority OF
Standard shares. The recent order OF
things was somewhat reversed In that
the sagging tendency OF prices came
early In the day and It was overcome
later by the rally. Perhaps the most
ominous circumstances OF the days
market was the fact that the dealings
sank almost OF total apathy With prices
Is the technical evidence Of an under
tone OF strength. Dizziness on rise is
the evidence that prices have reached
STAGE where dealers do not care TO put
money into them as a speculation. There
was. however. no pressure TO sell
stocks The lower prices at the opening
came In face OF some slight improve
ments In London where, however, the
dealings were almost stagnant. Later
IN the day London was q buyer and
was u factor in rallylng the market
The effective instrument in efectiug
the early decline was the talk OF large
cold aht 1WFaR In he NVnnk To-
morrow's shipments were not Increased
over the 3i.3SO.OO0. announced last week
The tone OF exchange was firm, bur
the market was so exceedingly outlet
that apprehenslons as to the volume OF
exports subsidized to a large extent, The
quletness OF exchange was attributed
partly to the Jubilee holiday in London
II IL believed that q shipment OF gold
Of quite large dimensions viii be made
before the end OF the week, The tmu1e-
dlate Impetus to the rally In the mar
ket came from the strength In the
Vanderbllts This commenced IN
Northwest In the talk OF progress be-
ing made In the plan 10 refund the
bonds OF this road In a way TO benefit
the stock. The Improvement In Oma-
ha was due to sympathy with north
west which owns a controlling interest
IN Omaha Both stocks were helped by
the general strength In the granger
group on crop prospects, The favor
able showing OF New York Central for
the quarter with n surplus earned Of
S256.OO0, against deficit for the same
period last year or Si07.OO2 hr0adened
the demand for the Vanderbilts and
practically all the members OF the
aroup advanced. and the whole market
was alphabetically effected The
rise from the early low point In Oma-
ha was 2h; Northwest rs; New York
Central lM; Canada Southern a point
and Burlington. ST. Paul and Rock Is
land a large fraction each. New York,
New Haven and Hartford gained 3 per
cent over the low point and Ice ~ per
cent. Northern Pacific preferred was
largely dealt in and after decline OF
y per cent. rallied above Saturdays
close on the belief that the election OF
Daniel Lamont. representing the HiIl
Interes. to succeed President Winter
rad been decided upon Sugar lost X
per cent on the day after huctuailng
over a fractional range quite erratlcnl-
IS. Chicago Gas also recovered prac-
tically all OF an early decline OF IL per
cent. Rubber preferred dropped y per
cent and Consolidated Gas 2h per cent.
Trading ia bonds was quiet and
values varied but little In the leading
issues. The undertOne. however. was
firm, with some Of the usually inactive
mortgages conspicuous Tor material
Gains, notably Omaha & ST. Louis firsts
trust receipts which gained and
Louisville. New Albany consols pc"
cent, The aggregate sales were N.2Sl.-
900
Government bonds continued TO move
up on light purchases. The transac-
tlons were 5000
The total sales OF stocks to-day wers
1856 shares.
The Evening Posts London financial
cahlegram:
Thr stock markets were Idle to-day
tho singing OF the national anthem taxi
ing the place Of business.
Americans were steady and closed a
the best There was less demand for
gold and the price Is ITa I'D
The Paris and Berlin markets were
fcaturcless.
RONDs AND STOCK QUOTATIONS.