The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-03
FINANCE AND TRADE
The Features OF the Money aud st"sl
Mnrketa.


NEW YORK. May Money on call
easy. at lkGlh per cent. Prime meT-
chantlle paper 3i4a4 per cent. Sterling
exchange steady, with actual business IN
bankers' bills at 81 STJtd4 SIis for de-
mand and al 81 ssh al S6is Tor 90 days;
posted rates "a 81 and 81 Sfis; CONNER
cIal bills 81 500 Bar silver 6lisc. Mex
lean dollars As 3-lGc.
The close OF the weeks trading was
marked by the same condition OF apathy
and almost Of siagnatlon. which mas
characterized the market all through the
week. This was acCcntuated by the fact
that to-day was holiday on the London
exchange. and by the definite announce
ment from Boston that the shipment OF
gold TO Europe on Tuesday next by a
house there would be Increased 10 &.OO9,-
900 The market was LEFT freely IN the
hands OF professional traders and was
without feature OF general Interest. Inc
prevailing dullnes5 was accompanied ny
tho heavlness OF inertia, and prices sag
ged even on the limited offerings OF
shares. 4 few individual propSsriie7
were subjected TO special untavorable IN.
fluepces and the general market showed
itself sensItlye 70 the sympathetic eject
Of these though the fluctuations were
within narrow compass Tine average
decline Tor the day was something over
x per cent. The grangers were rather
heavier than the general list, the decline
In that group the case OF Northwest cX-
tending to ., per cent. The coalers were
prctty well held outside OF New jersey
Central and Reading. the former losing
q, ner cent net after an Initial rise Of Ia
per cent. Tobacco fell only " per cent
In face or the announcement OF the with
drawal from the directory Of a prominent
interest. The larger losses were In the
spec!altlcs A point each for Tennessee
coal and Iron and Brooklyn Union Gas
IN former on reports OF prospective labor
troubles.
Western Union declined further Z per
cent 10 1875 and Sugar lost y per cent
The only gains In the list were IN Leather
nrnferred on covering. Pullman, Lacka-
ronna and Consolidated Gas. each OF
,,birh r5qe y per cent. The market
rIored unsettled and Irregular. The eN-
change houses agreed among themselves
maj there would not be sufficient protii
shipplng gold to make It worth their
while until demand sterling should reach
~ Sss. Yet to-day with demand ster-
ling only Iust steady at 81 Sax or lla per
cent below the profitable point agreed
upon by the exchange houses a shipment
OF 81 900. 600 additional gold is announced
from Boston to be made by next Tuea-
DAVIS steamer. This retrospcctlon Is
necessary 70 properly estimate the DIS
putes that have arisen as to whether The
gold IL going abroad as a commodity at a
premium. or whether It Ia an ultimate
exchange operation The first engage.
ment on last Saturday OF $4,000 In gold
bars, which stated TO be In execution OF
an order. the firm receiving a commission
FOR making the purchase and the reclpl-
rull TO pay the expense OF shipping. This
was obviously not regular exchange
operation. the commission and expense
OF shipping being In effect premium on
gold. The house which made 1t, being a
marty TO the exchange agreement not 20
shlp. excuse FOR the operation was that II
was not a regular exchange operation.
Yet the noxt house 10 ship carefully cm-
phaylzsd q statement 20 representative.
In the stock market the stngnancy has
restricted the chnngos In the standard
shnrcs TO narrow limits either way. The
coalers are down from the fraction to 3N
per cent, the latter for New JcrseY. Lake