The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-17
7INAHCE ANp TRADE
The Fsatlrss Of The Money and stoel
Markets.

Markets,
NEW YORK, June le.-Money on call
easy at la1N per cent; last loan per
cent: closed at per cent. Prime mer-
camille paper 500 per cent Sterling
exchange Arm and dun. with actual
business in bankers bills at 81 S7a
4 SIX for demand and at 81 S55ia4 SsIi
for sixty days Posted rates 81 SsIia
4 81 and s. IS. Commercial bills 81 s5l;.
silver certificates sOHGsO%c. Bar silver
Coke, Mexican dollars 47ISc
To-day was marked by a continue
tlon OF the heavy prodt-makIng which
was q feature OF yesterdays trading,
and, though the day closes with the
prices of many of the most prominent
stocks below yesterdays closing prices,
the average decline rs small. showing
good resistance tothelarEe selling. There
were times during the day when prices
rose sharply above yesterdays closing
but the higher level invited realizing IN
each Instance. There was a continu-
ance OF the good commission house buy
ing which has been q feature for some
time past and which sustains values
with remarkable flrmness. The short
interest. however, seems practically
eliminated from the market and tho
needs Of this element which usually
serve to strengthen an upward move
ment. were NOT a factor. The utter
dizziness OF tho dealings in London on
account OF the jubilee festivities also
withdraws n stimulating factor. The
announcement that Japan had filed a
protest at Washington against the an
neXation of Hawaii now In process OF
negotiation, had on influence on the
selling to some extent though this In
huence was largely sentimental. The
movement OF special stocks had sym
pathetic effect on the market whicn
was more important than that Of gen.
eraI conditions Sugar was strong on
the votes yesterday in the senate dis
posing OF the sugar schedule, but was
later depressed on the news that the
treaty for the annexation OF Hawaii
had been signed by Secretary Sherman
and the Hawaiian republic. The selling
on this news was based on the pre-
sumption that the sugar company
would derive benefit from the abroga-
ton OF the Hawaiian reciprocity treaty
and the imposition OF n tariff on Hn-
waIIan sugnr. This stock was dealt in
to-day ex-tlividend. Chicago Gas was
also very active all day and showed the
effect of n large purchases by inside In
terests. The early advance was prac-
Ically wiped out In the later selling
movement. Tho extreme range OF these
two stocks was fraction over a point.
The transactions In them absorbed
fully one-thIrd OF the total sales. The
coaiers advanced early Delaware &
Hudson to the extent Of point, but
the bears opened their batteries upon
the group quite ficrccly and worked re-
cesslons in New Jersey Central OF 2
points. Delaware & Hudson tx and the
Reading shares nearly n point Bay
State Gas and East River Gas rose over
point and East River preferred :
points Leather preferred also advanc-
ed quite strongly. IA per cent, but re-
acted subsequently,. c.. C., c. & 81. l..
preferred broke to GO. compared with 20
the last sale. The stock Is very mac
tive. and the fall Is due to the passing
OF the dividend The early advances
were fractional net losses all through
the list. The decline extended to a
point or over In Northwest Louisville,
Missouri Pacific. Susquehannn & West
ern preferred, Northern Pacific prefer
red. Tennessee Coal, Western Union,
ST Louis G. San Francisco Second pre-
ferred ~ per cent net. The new secur-
Itics Of consolidated ice company were
traded In at 30 to 2O7s for the common
and sOaS1 for the preferred, CLOSING at
the highest. The bond market dis
playcd little feature, but values were
well sustained for the leading shares
during the greater part Of the day with
some OF the less active securities con-
spicuous FOR material improvements In
the final dealings tho speculative issues
tended lower In sympathy with the
henviness OF the share speculation. The
sales were 1926. 600
Governments were quiet but iirin
The transactions were $4,000.
Evening Posts London financial ca
blcgram;
The Ascot races and the Jubilee pre-
partitions absorb attention, with the re-
suit that there 81 no business In the
stock markets and hence there was
small reaction to-day IN the prices OF
Americans and other securities, Bra
zlla were fiat on rumors Of political dis.
uulct In that country Mines recovered
Yesterdays decline and were fairly ac-