The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-03
FINANCE AND TRADE
Tbs Features Of iho Money and stoe
Market.

Markets.
NEW YORK, July 2.-Money on call
easyat lAGlIs; last loan, Ia; closed
~,
Primo mercantile paper 3a4 per cent.
Sterling exchange weak, with actual
business in bankers bills at SASSY
Gs4S7 for demand and sl.s5S@$i.Ss for
60 days; posted rates, A.s6hGsi,S7ls
and A.SSq$4SSH; commercial bills,
S4S5.
silver certificates. GOhqsOis.
Bar silver, 60.
Mexican dollars, AZ.
A verltable midsummer dullness set
tied upon the market for securities TO-
day and a further step was taken TO-
wards the stagnant condition TO which
the market has seemed to be coming for
two days past. There was no feature
OF Significance or Importance during
the day, unless the hypochondriacs view
be adopted, that the absence OF all
symptoms must Itself be n symptom
Dealings We're very much smaller than
yesterday or for many days past, yari-
atlons were small and unimportant and
no animation was manifest at any point
In the market The prospect OF only
half day OF trading tomorrow, fol-
lowed by q double holiday, doubtless
had It's effect In curtaillng operations
and discouraglng ventures upon new
operations. But this was not alone suf-
hcient TO account for the markets con-
splcuous loss of tone and apathetic con-
dtlon. The heavy liquidation OF Mon
day and Tuesday was undoubtedly an
Indication OF widespread conviction
that the upward movement had reached
the limits of safety for the present and
to-day's market showed even more
marked disposition than yesterdays to
stagnatlon were accompanied by quite
walt for an adjustment To the new eoI-
ditlons. The waiting and the semi
marked firmness of lone in nearly all
the leading stocks,
st. Paul continued the leader OF the
market In point OF activity and was
firm and strong, comparatively, In spite
OF selling of the stock for London ac-
count This stock has been gaining on
Burlington all week and to-day over
took and crossed Il, closing above It n
small net gain. while Burlington suffer
ed small net loss. This was In conse-
quence OF the continuation OF the move
ment on the part OF dealers TO trans
fer their holdings from Burlington into
st. Paul. Most OF the business of the
day was done in the first hour OF trad
ing as a result OF orders accumulated
over night. The total sales OF all stocks
for the day fall below 10000 shares.
ur-sevenths of this amount must be
credited TO st. Paul. sugar, Burlington
and Chicago gas. None OF the leading
stocks ranged as widely as point, ex-
cept sugar, and the leading industrial
stocks and some OF the coalers. Leather
preferred rose a point on reports Of
1,,ft tNFt,i NA
re-exported as leather. The small net
changes are divided between gains and
losses in the prominent stocks. Rio
Grande Western rose a point and the
preferred stock 1A without any news 10
account for IT, The bonds for this COM
pany were also active and strong.
Spirits preferred fell on 1A. General
market conditions remain unchanged,
though the addition OF dividend and In
terest disbursements to the already eN-
listing sucfelt OF money has not resulted
In the stimulus 70 specnlatlons which
was hoped for. The narrow movements
IN to-dny's market we're to q large cx-
tent due to professional manipulation,
such results being easy Of accomplish
ment in such a restricted market.
The bond market developed n fair de-
gree Of activity, but values were little
changed. except In n few issues. In
which special influences operated. Bust
ness was generally centered In the lead
Ing mortgages, but 1t is worthy of note
that no transactions were registered in
Northern Paciflc thirds, which usually
absorbed considerable of the dealings.
The aggregate sales were 81 .4250OO
Governments were steady on Hight
dealings. aggrcEating $1,000,
The total sales Of stocks to-day were
tS362Q shares
The Evening Posts London financial
cablegram:
The disturbances in India and the pro-
cecdlngs before the South African COM
mission depressed all the stock markets
here to-day except American rails,
which were firm In sympathy with the
rise In New York, but there IS practical
~ no buying here at present.
To-mOrrnT and On Monday large sums
W cash Will come nto The market. This
is expected ere long to ease the money
market and to stimulate activity In Sc
curlllpa At the mGment the position Is
that professional dealers In Americans
and other speculative stocks are very
hope'ul u the public coming In, but the
public themselves are utterly apnthctic,
The Paris aud Berlin markets were
dull
BONDS AND STOCK QUOTATIONS..
New u. s. Is reg 1865 Nash n Chat. 60
New u. s. ~ coul2ils N j Central.,. IH
\ t Gs d CHARACTERIZED N9 ori WI pre-" m
u, g. w rcg..s,s.lllA DO preferred. los
u, S. " coupon, 1925 Northwestern .iiiiA
! q reg a. ,gogI3F 40 preferred "iiGS
Ppncllic IS OF s1"l9,5iF N. \. Ceniral'"lgg;;
Adams i9SproBs ij2 paclnc Mnll.... 30
I. Am. Express. ii8ig Pittsburgh .. .iGj
Bal & Ohlo.u".. l0A Pullman Palace .lGsh