The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-26
FINANCE AND TRADE
Th' Fsa,urss Of the Money aud stock
Alhrkstn

- 'HAA W. NNHtf AANut
mercantile paper 2ai per cent Sterling
exchange easy, with actual business In
bankers bills at 81 S7ta4 S7n for de-
mand aud at 81 S6Gi s6G Tor sixty
days; posted rates "a S7al S7H and
y Ssdi SSH. Commercial bills q S5ik
silver certificates 60lfd6OMc. BAR silver
6Ohc. Mexican dollars i7Nc
Many thousands or shares OF stocks
were bought on the stock exchange to.
dAy NJ prices materially above last
nights closing price the advance ex-
tending TO n point or over IN many
prominent stocks. But the market sold
on later In the day on account Of APP
prehension caused by the large volume
OF the gold shipment by to-morrow's
steamer. s2,SOO,OO0 In all being engaged
Zoe export Additional uneasness was
caused by the fact that the whole
amount was taken from the United
States suh-treasury, or from the assay
Office, In bars. and no part from the
banks or from private sources as has
been the case with most OF the recent
shipments. The decline In the price OF
stocks which resulted was very mark
ed, offerings TO realize being very free
ly made for a time ana the heaviness
extended all through the list The de-
cline. however. brought duilness and Il
dimlnuiion OF offerings, indicating the
undertone OF strength In the market.
The weeks gold shipments now amount
20 N.S00.0OO which is a larger amount
than has gone out In any one week
since the first week OF the present
movement, that ending May s. when
the exports were S9O0O,0OO The subsi-
dence OF apprehension on account OF
gold exports In the stock market has
been mostly due TO the stability shown
by the gold reserve in the United
States treasury Tor several weeks past,
about titiOOO.OOO In face OF continued
exports OF gold by exchange houses,
The amount OF gold In the treasury at
the close OF business yesterday was
Sli2,7S3. $50, which Is considerably less
than ut any time since the present gold
movement began or course io-day'S
additional Withdrawals OF S2.30O.O 900 do
not appear In the above statement OF
gold In the treasury. The sterling eX-
change market was easier under ofer-
ings Of bills aQalnS; the gold shipments.
sixty day bills recedlnE Y "a Sc. But II
Is expected that there VIII be sufficient
demand 10 stiffen exchange rates next
weel; with further gold shipments as a
consequence. The supply OF exchange
In the market Is. In fact, very meagre.
and any extra demand has TO ba met
by gold shipment. The volume OF deal
lnEs to-day was larger than on any
previous day ~ the year. the total
sales OF all stocks reaching $4,000
shares. but nearly two-thlrds OF that
amount was absorbed by Sugar, the
Changers, Chicago Gas and Bay State
Gas. There were 5000 shares OF Su-
gar and about 5000 shares each Of st.
Paul and Burlington sold during the
DAY Sugar and the Granqers led the
advance hut the list generally reacted
TO below last nights close. showing net
Losses ON the day. Sugar, however, rail-
lled partially aud closed with a net
gain 0t ~ per cert Rock Island Is the
only one OF the Granger group 10 show
net gain. which amounts to y per
cent
Manhattan and Western Union gain
Z per cent net each and New York
Central \ small fraction Northern Pa
ciac was weak on runoss OF a halt In
the arrangement for putting into exc
cuiive control those In harmony with
Great Northern interests. Union P9ci-
&c reacted on the action OF the United
states senate committee IN favor OF
susDeudinE proceedings TO sell the uni
ted states interests to a syndicate. The
more notable gains In the early ad-
vance were: Sugar 2N per cent and To-
bacco, Bay State Gas, Northwest, ROCK
Island. Manhattan and New York Cen
trail a pdlnt or over. Losses which are
fractional generally extend 10 a point IN
New York Central and New YORK, Chi-
caro 4, 81. Louis second preferred; Is
nor cent. in Colorado Fuel and "a IN
Illinois Steel. OF the inactive stocks
chicago & Eastern Illinois preferred
gained ; points. Rio Grande Western
preferred "a per cent Omaha prefer
red 3; Tobacco Scrip .. and Erie Tele-
graph, Minnesota Iron and Northwest
preferred point
The bond marie, displayed consider
able animation to-day. the transactions
exceeding 1000. 900 The buoyancy was
apparent In variety OF issues Win
some sensational advances noted IN the
unusually inactive mortgages, paTtlen-
larry Missouri Pacific collateral hVes \,
which rose II per cent 10 q. Inc 70"
nriced bonds generally displayed ng-
g,sssIye strength with purchases OF the
slIt-edged Hens. by investment interes!
Tending 20 hccentuate the upward
movement which has been In evidence
for q long time
- Governments were slightly higher ON
,ransocti0ns n block Of 100000 OF the
"a coupon changing hands at ll4ls;
Evening Posts London financial ca
blcEram: -,,, Go,.
oral securities absorbed attention In the
stock markets to-day. Americans anl
KatIirs show the growth OF sPecui9-
live account. Contangoes on Ameri-
cans were ~ to per cent, the deater
rates being partly due TO deaEeF Hio"es
~ knlf
.rbe Tone here Is good all around
,,,i,b Americans and KafIlrs as the Tea
turc Poth look like forging ahead'
I'M, until the holiday aspect OF inc mar
Us Mas disappeared II viii be difficult
~ discover the precise drift. An that
- ~ aid at present Is that the buy
- ,,,bIIe influential, Is cliqneish ana
.'Le'..s.JnnaI Americans closed under
,so best Grand Trunks were strong.
:. e. ,bc belief here that London may
ssnd New York considerable gold III
me ria @uI PARIS bourse opened firm. but
closed rather dun.
The Berlin market was STEADY.
The total sales OF Stocks "-uas "ee
5lSl79 shares r,s.Ns
BONDS AND STOCK QuoTAI,'''>9,
~" Iaittdl25s. Mo. Pacinc.. 1915
-. ~ 8 Nash q CHAT o.. "
~" tajtLTi2JH y. ]. Central s2A
~ ~ rco .lltiE Nor a. W. pre-. 30
- X Northern Pac.. lps
-. ,,,,, uu,Tiip5 do preferred ilA
Northwestern ...liGli
iiia4IllA do preferred 100
- * 'is ". y Contra. .l02N
y. ,,,,,, IIs diia5'N. Y. g. n. E.. 81
=, q o. ROC giis Oregon NRv,..,., ~
p p ia n "a ~ ~ .ldiis Pacific Mall,.. 29li
Atchlson .......'. Y ~ =, iStL
Adams Expressly 1 ni fa'aSo'lS o.
Am. ENpress...ll2 |B ni 49, "a,
Bal. 4 Ohlo...... 10y ISoen l5Ihnu'''" 81