The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-27
FINANCE AID TRADE
Tbs Features Of the Money aud Stock
Markets.

MAFksis.
NEW YORK. May 26.--Moncy on call
easy at l4dlI5 per cent; last loan ~
per cent; closed nt iitQli5 per cent,
Prime mercantile paper S,s64 per cent.
Sterling exchange weak, with actual
business in bankers bills at 81 SG7s3
81 for demand and at 81 S5EGi So for
60 days. Posted rates 81 S6is@i 81 and
81 SSRI ssh. Commercial bills 81 ssh.
silver certificates 6OhG6OAc. Bar silver
6oc Mexican dollars axe,
The stock market was notably active
and strong In the early hours of trading
to-day. The animation OF the trading
somewhat subsidized after the noon hour
on account Of the announcement Of an
additional shipment OF 100000 In gold
Tomorrow and on profit taking and
some weak spots developed In the list,
which served somewhat TO check the rls-
Ing tendency. Prices OF most stocks
were nevertheless quite firmly held un-
I'll the close, and substantial net gains
were the result Of the days net trad
Ing There was quite a large number
OF shares sold here for London account,
but they represented nothing but ar
bitrage operations by professional trad
ers, the higher lever OF prices here offer
ing sufficient margin OF profit to in
Vlte the operation, There was marked
broadening tendency to speculation,
many usually Inactive shares coming
Into demand and gaining in price. The
outside interest In the market, which
first manifested itself yesterday, was
again Il feature. and various commits
sion house orders were In evidence.
- -
bly smaller volume than yesterday. The
fact that the senate is actually embark
ed upon the consideration Of the tariff
bill and the belief that the measures
taken to expedite action by that body
upon the bill will prove CfflcaclOus were
the impelling causes OF the more
cheerful view OF things taken on the
stock exchange. Wall street waits upon
a general trade revival as the pRnacea
for the ills that Rililct security values
Traders in stocks act upon the BELIEF
that progress towards the enactment
OF the new tariff law justifies them In
disseminating the good effect expected
to accrue TO business In general from a
definite settlement OF the future condl-
lions Il will have to do With. Improved
railway earnings, especially from the
south and southwest. are an encourng-
Ing factor For the third week In May
the Southern railway shows an Increase
In gross earnings OF SlS,30l, Louisville
& Nashville OF S16iIO, and St Louis
Southwestern and Kansas City. Pitts
burgh & Gulf also very substantial
gains. on the other hand, Wabash and
Chesapeake e. Ohio showed losses. The
ST. Paul statement for April was also
a disappointing factor.
The decrease shown In gross earnings
was 3l62, S2i and In net earnings $35, 80.
This had quite a marked effect In che
afternoon check to the rise In values.
Net gains were fraction less than the
extreme advance. but were the rule
throuuhou: the list An extreme ad-
vance Of a point or over was made IN
Sugar. AtchIsou preferred. Tobacco,
Burlington, Chicago Gas, Northwest.
Rock Island. Manhattan, Michigan
Central. Minneapolis and st. Louis, Ann
Arbor preferred 1.-TWO points,; X. & T..
preferred, Missouri Pacific, New York
Central and 81. Louis second preferred
and Western Union. New Jersey Cen
trail was very erratIc, but gained X per
cent net, Baltimore & Ohio showed
weakness on the belief that the COM
pany will default Its June interest pay
ments and declined lhQlO4sc. closing
near the lowest. C. c. & St Louis was
also conspicuous for weakness In con-
tTnAt 10 Lne keuGNtAl lIlAA MT
The bond market developed aggrcss-
i've strength on large transactions which
were attributed In part to revival OF
outside interest The gllt-edged liens
were in fair request at advanced prices
hut in the middle grade and speculative
issues. the gains were more pronounced.
The ST. Louis & San Francisco securlt-
les were prominent and rose materially
with the Trust fives' registering tne
extreme Improvement Of 81 per cent.
Some few weak spots were uncovered.
notably I,chlgh & wilkesbarre Consols.
which sagged 81 per cent, 10 S295. The
aggregate sales were N,362.OOO.
governments displayed hardening
tendency on a moderate Inquiry. The
sales were $4,000.
Government bonds firm.
State bonds dull.
Railroad bonds strong.
The Evening Posts London financial
cableETam says:
Tho stock markets opened duh to-day.
The lowest prices were touched at MID
day. but thereafter there was sharp
| recovery and the close was at the pest
KafIlrs wcrO better after the dullness.
md conner was strong. Gold has again
gone TO RussIa. and believe that more
is 10 20 tomorrow or on Friday. There
is mIsapprehcnsion as TO the destination
OF the gold. Two morning papers state
their belief that the United States IL
the real destination Of the gold The
Paris bOurse Is dun, but the close was
firm. The Berlin market was firm.
BONDS AND STOCK QUOTATIONS.
New L. s. a. reg I228 y. j. Central. ilb
| New L. S. Is cou ig2A Nor. & w pre-. q
| u. s. Us reg. 49,. .ii3a Northern Pnc.. l2N