The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-28
Y1NAECR AND TRADE
Ths Features OF the Money aud stock
yfRrksta-

Tbs Features OF the Money and stock
Markets
NEW YORK. May s7.-Money on call
easy at i&R1h per cent; last loan IL
per cent; closed at KAY per cent.
Prime mercantile paper 3isaI per cent.
sterling exchange weak. with actual
business in bankers bills az 81 ssSG
4 81 for demand. and at 81 sSEat So for
sixty days: posted rates 81 s6'sd4 81
and "a SSGI ssh. Commercial bills
81 So: silver certificates e0hds0tsc; bar
silver e0c. Mexican dollars iI&c.
The market was quite strong for
time to-day, but the rather sensational
slump In the rubber shares and the
large selling In Baltimore & Ohio put a
stop TO the rise and also TO the activity
az the trading. The volume Of the
dealings IN all stocks for the three
hours OF trading after the noon hour
vas only about one-third OF that for
the two hours before noon. The lack OF
cnadence in the stability OF values on
the part OF the professional tradersb who
sfIll control the market almost together
was illustrated by the promptitude with
which they proceeded 90 take profits on
rather slight prOVocation. Those VINO
are doing the bulk OF the trading are
evidently In the market for snort
turn, though there was some eontlhu
ance to-day Of the commission house
buyIug which has indicated awakening
OF outside interests In the market. The
EalI In the rubber shares was coupled
with a runor that Il was caused by IL
nuldation OF interests retiring on ae-
count OF the decllnation OF a reelection
az President Evans. This actuated the
decline without the sales reaching an
eTtrnordinary volume. After an ex-
IRENE decline OF 3M for the common
stock and Az per cent for the preferred
these Rtocks rallied rather strongly the
common closing at l2 and the preferred
at COZ All the securities OF the BaIti,
more &. Ohio that we're dealt In showed
contInued heavIness on the belief that
Inc company will default on its June
first interest payment which Including
Interest on both bonds and recelveTs'
certificates, amount to about 100000.
The stock fell ~ per cent and rallied
only the fraction. OF the bonds inc
nyes' OF 1925 sold ten points off at 80,
do registered S points OF At IS and the
consoI iIves u points of at 90. seller 20
days One or two other Incidents HefN-
ed to depress values somewhat, one
being the hearing of arguments on the
order enjOlning the summonses local
road presidents TO answer charges OF
ronspiracy under the New York anti
trust law.
This hearing was postponed without
notably relieving the coal shares from
nrrSgure Some sentimental effect was
cxerted upon sugar stock by the trial OF
the president OF the company for con-
tembt OF the senate, but the dismissal
Of Inc case at Washington yielded no
substantial benefit 20 the stock. The
market was remarkably duh At the
| periotis Of decline. London appeared to
be n ready buyer OF nenrly all the In
ternntlonnl stocks when they iell below
| the London parity. The total purchases
Tor Iondon nccount were estimated At
| Y. 900 shares. The get changes In prices
are narrow, hut ate mostly losses, some
few stocks chewing gains which reach
cd point In the cases OF Michigan
Central and Erie first preferred.
The railway and miscellaneous bona
market was characterized by violent
| fluctuations in n number OF issues. In
| Guiding the baltimore & Ohio liens.
which ore elsewhere referred To, ana
Kansas City and Pacific nrsis. which re-
cedcd 3A per cent Marked strength
was noted In some Of the prominent ".
| sues which was attributed to liberal
| purchases for continental account. The
! erie mortgages were moro actively
| traded In ana the prior lien FH gained
| u. per cent Fluctuations In the specu-
lntIve bonds were rather narrow, but
q generally firm tone prevailed The
sales we're 81, $4,000
Government bonds were strong and
higher on Transactions OF $4,000
Tho total sales OF stocks to-day were
1858 shares
Evening Posts London iinluclal ca
bleBram:
There was further general improve