The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-06
rINANcE ANp rRApE
TIA, Features Of the Money aud stock
Markets.

I
ing exchange wcalS,wlth actual business
in bankers bills at 81 S7al SIs FOR de-
mand and At 81 S5&dI Sc for sixty
days Posted rates 81 S6hQi 81 and
| 81 SS6ii SSis Commercial bills 81 SjG
S5il Silver certificates GihG6lhc, Bar
silver GO7c Mexican dollars iIAc.
To.dly'S market was reactiunnry
| throughout and very many stocks show
loss OF q point or over on the days
! transactions, the grain OF yesterday be-
| ing for the most part lost The activity
! OF the dealings was also considerably
| diminished ls compared with yesterday,
| the total OF the shares sold being some
| ATTY thousand less than yesterday. OF
| tl-day's sales nearly half We're OF Sugar
| and Chicago Gas outside OF these,
| Western Union WAS the only notably
active stock ON the list. The Gould
stocks all OF them und the cualers. were
depressing influences In the market 20
| pr totally lacking IN reuCeucy until the
final transactions OF the day, when they
| rallied fraction There was what
looked like liquidation IN all OF these
stocks and many rumOrS bearing on
this were set AnOat 10 help On the de-
cline The turbulent rush 10 cover o.
the shorts last night left that interest
largely depleted IN tO-day's market and
there WAS no resulting pressure To buy.
There was, besides the natural reaction
from yesterdays upward rush on proht
taking. The lower prices OF Americans
IN London helped the decline TO, some
extent, though not fUlly 10 the London
parity until that market had sold sew
srai thousand shares OF the leading In
tsrnatiOnal stocks in this market. There
were all COniTihutUry causes 10 the de-
preston But the principal motive OF
the selling was undoubtedly o mOdii-
cation of the view held yesterday that
the tariff bill was assured OF speedy
enactment into law Reports found
currency early in the day nf expressions
| OF dissatisfaction with the bill by PROM
inent members OF the house of repre-
scntatyes and especially determined
hostility to schedules which ace viewed
with mos; interest In Wall street See.
Ing the tenderness OF the market, the
traders embarked on selling move
mcnt 20 discount the defeat OF the An
gln- American treaty IN the senate. the
vote upon which was not yet taken,
when the market closed. There was no
evidence In this Of any deep-seated tim
ldity on the part OF capital lest the de-
feat OF the treaty should lead TO Inter
national complications II was rather a
manOeuvre OF present traders which
was effective In a narrow market and
which was based ON superstition that
London WIN sell American securities on
the defeat II the treaty The daE WAS
marked by a further decline IN the rates
OF sterling exchange. demand touching
S1ST and sixty days 81 soy, and the
| consequent subsistence Of approximations
OF further gold shipments on saturday.
which are now considered highly i'm
| probable. Rumors OF an agreement by
an exchange house not TO ship more
gold were denied, hut there was copied
with Il the statement that further ship
ments were not likely this week The
gain in gold Of $4,000 yesterday was q
further factor In dispensing apprehen-
sion on this score. Some OF the cXtNsme
declines. which show net losses ap-
pFoximatclg In most cases we're: Su-
gar gik: Tobacco Ia: Western Union
| ~; Manhattan *: Missouri Pacific Ia
uN pcl cent, which Is the lowest on
record Delaware & Hudson IL and
! New Jersey Central ~ per cent. The
| average loss on the leading railway
shares was 4 per ccna
Chicago Gas was strong In face Of the
market. and rose IA per cent hut re'
| acted Il per cent. Brooklyn Union Gas
| also gained IL per cent on the signing
| OF a nve-yctr contract with the city.
| Lead Jumped IL per cent on the sched-
ulc ia the tariff bill affecting 1t, but
| lost the advance.
Evening Posts London financial ca
blegrum:
| but the boom In English rails was the
only feature The rise In the latter has
undoubtedly been too fast and the spec
ulativc position Is very large.
Foreigners were firm after dnllness,
KaClrs were steady. great Interest CEN
ters In the Consolidated gold field COM
| pany meeting on Friday Brazils were
| Dat There Is continued fall IN eN-
change. II Is rumorcd that japan IL to
issue loan here for 100000 pounds. !
| hear In good quarters, however, that At
| present the arrangement Is merely FOR
| an International loan Of that amount u
exchange IL made 1t Will be the 'esult
| OF oyertures from London. China VIII
| pay Japan 2,SgOOOO pounds or Saturday.
| or this 1t is believed that consider
able amount will soon be discussed here
! FOR ships, etc,
Much interest was felt IN the India
| council selling drafts to-day under NJ
| tern pence per rupee althoIuh only @'E
| lakhs were applied for. would nave
| wcg kencd silver only. A French mint
| age order for $4,000 pounds has to be
rendered for tomorrow The Pn"ls
| bourse opened duh on the ne, but clos
ed good. The Berlin marke; was
,,,,s, ,N,r, c,rOCE.. QUOTATIONS