The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-22
FINANcE Avn TRADE
The Features Of the Money aud stock
Markets.

The Features or the Money aud Stock
Markets.
NEW YORK, June 2l.-Money on call
easy at 1Glh per cent; last loan per
cent; closed at per cent. Prime mer-
camille paper SGI per cent. Sterling ex-
change Arm. with actual business in
bankers bills at a S5H9l sly for de-
mand and at 81 S6dl S6ls for sixty days
Posted rates 81 S6isGi Sf4 and 81 sSG
I SSis. Commercial bills 81 S5ls Silver
certificates 6lkd6likc Bar silver 40hC.
Mexican dollars i7Ac.
The efforts OF the professional traders
to work u reaction In the bull stock
market have again proved abortive to-
day and the result OF the days trading
shows net gnins In the majority OF
| Standard shares. The recent order OF
things was somewhat reversed IN that
the saggtng tendency OF prices came
early In the day and Il was overcome
later By the rally Perhaps the most
omInous circumstances OF the days
market was the fact that the dealings
sank almost OF total apathy with prices
tending upward. Dizziness on q decline
Is the technical evidence OF an under
tone OF strength. Dizziness on rise ls
the evidence that prices have reached
a stage where dealers do not care TO put
money into them as a speculation. There
was, however, no pressure 10 sell
| stocks The lower prices at the opening
came In fnce OF some slight Improve
ments in London where. however, the
dealings were almost Stagnant Later
IN the day London was a buyer and
was factor In rallyinE the market.
The effective instrument in enecting
the early decline was the talk OF large
gold shipments later in the week. To.
morrow's shipments were not Increased
over the $l.SSO,OOO. announced last week
The tone Of exchange was firm. but
the market was SO exceedingly quiet
that apprehenslons as TO the volume OF
exports subsidized TO a large extent. The
| quletness OF eNchanGe was attributed
partly to the jubilee holiday In London.
| 1. IL believed that a shipment OF gold
OF quite large dimensions will be made
before the end of the week The inue-
diate impetus to the rally In the mar
ket came from the strength In the
Vanderbiits This commenced IN
Northwest in the talk Of progress be-
| ing made In the plan 10 refund the
bonds OF this road In a way 20 benefit
the stock The Improvement In Oma-
ha was due to sympathy with north
west. which owns a controlling Interest
in Omaha Both stocks were helped by
the general strength in the granger
group on crop prospects The favor
able showing OF New York Central for
the quarter with surplus earned OF
1856 900. against a deficit for the same
period last year OF Sl07. O02, broadened
the demand for the Vanderbllts and
practically all the members of the
uroup advanced. and the whole market
was sympatheticaliy effected The
rise from the carly low point In Onla-
| ha was ~: Northwest lS: New YORK
| Central III; Canada Southern point.
| and Burlington. St Paul and Rock Is
land a large fraction each. New YORK
New Haven and Hartford gained per
cent over the low point and Ice IA per
cent Northern Pncihc preferred was
largely dealt in and after decline W
= ner cont. rallied above Saturdays
close on the belief that the election OF
Daniel Lamont, representing the Hin
Interest TO succeed President Winter
had been decided upon, Sugar lost y
per cent on the day after fiuctuating
oyer a fractional range quite erratlcnl-
~ Chicago Gas also recovered prac-
ticalIy all OF an early decline OF IL per
cent. Rubber preferred dropped = per
cent and Consolidated Gas 2is per cent
Trading in bonds was quiet ana
vaIues varied but little In the leading
Issues. ne iAHAANs
firm, with some Of the usually Inactive
mortgages conspicuous for material
gains. notably Omaha & St Louis firsts
irngt receipts which gained ana
Louisville, New Albany consols : pcs
cont. The aggregate sales were N'2s4'-
900 ,,.
M ON light purchases. The transact
tions were $1,000 49,,
The total sales Of stocks to-day were
1856 shares.
The Evening Posts London financial
cablegram: a..
Thr stock markets were idle to-day
the singing OF the national anthem tax
ing the place OF business,
Americans were steady and closed az
the best There was less demand Tor
gold and the price Is 77a Nd
The Paris and Berlin markets were
featurcless
BONDS AND STOCK QUOTATIONS.
New Il. S. A. reg. i2I5s Nash. & chat, .,. %
New US A. cou.l25 ". ]. Ccntral.... ~
n i g reg...il4 Nor. & W. pre-. -
II * - cotIpon ia Northern pac... Nh
n 4 a. reg I NIX. do preferred, an
4, g. A. coupon. 10 northwestern III
" 4 ~ reg 49,, aGR do preferred. lis
pacific ~ Of 'g5. 10iJbN Y. COntTpl .iOih
Atcbison ......... r. N. Y. & N. En-. 81
4 4....... Tsgupaaa IN .fIFTrOu Nuv ~