The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-06-24
FINANCES AND TRADE
This Features OF The Money and stocL
Markets.


This Features OF the Money and stock
Markets.
NEW YORK. June 23.-AIoney on can
easy at lGiA per cent; last loan ! per
cent; closed at 1GiH per cent. Prime
mercantile paper SG4 per cent. Sterling
exchange firm but very duh with ac-
tual business In bankers bills at 81 STit
a. S7h for demand and 81 S6kGI S5h
for 60 days. Posted rates 81 S7d4 S7Is
and 81 SSif4 ssh. Commercial bills
81 S6is. Silver certificates 6OhQ6OAc
Bar silver 6OiAc.
To-day was another day of marked
strength In the market for stocks, the
dealings being large and the buying de-
mand keen, 81 thai the tendency OF
prices was strongly upward, There
ayerc ups and downs during the day, the
latter on profit taking for the most part,
but the close OF the days trading found
prices generally above last nights close
The outside interest In the market shows
large increase and commission houses
rcpor; n great accession for orders OF a
speculative character following the solid
Investment buying that has bceen going
on for some time and which to-day's de-
velopments indicate Is SIN going on.
The buying was almost wholly result
OF the confidence IN the general outlook
for business, There was little news ac-
companyinE the upward movement OF
prices and therefore little 20 record be-
yond the mere changes IN prices. Good
buying continued In Northwest, but
the price OF the stock muved narrowly,
affecting the price Of other stocks In
sympathy about rs much as itself. The
oil kV, N.aF1Napl aVNl
showed a substantial gain on the day.
The same was true OF all western and
southwestern railroad properties, where
the crops promise 10 be abundant and
bring business Improvement all through
thuse sections. Sugar and Chicago Gas
We're both under pressure different
times during the day. and held back the
market. When these two stocks came
into harmony with the market and
moved upward the highest prices OF the
day were recorded FOR many stocks.
The strength in the coalers developed
after noon and the movement In the
group became strong and aggressive and
the dealings quite animated. The rate
at which prices p'se was an indication
that there Is not n large quantity OF
these stocks except Reading floating In
the market. Sharp advances in some of
the high priced investment stocks were
a feature, New York and Lackawanna
& Western jumping 3ia on the sale OF 100
shares The volume Of dealings was
large. but Sugar. 81. Paul. Chicago Gas.
Burlington. Reading and Tobacco alb
snrbed half the total sales. St Paul at
s0it touched the highest price since the
panic Of 1893. The announcement OF an
additional shipment OF S650.OOO in gold
by tO-morrows steamer only affected
the market for brief time. The gains
In the coalers extended 20 2lz for Della
ware & Hudson. ~ for New Jersey
Central. 2 for Lackawanna and la for
Reading first preferred. SuSQuehanna &
Western lost a fraction. Tobacco jump
ed to Il. and reacted ~. while the pre-
ferred stock gained similar amount
and held It. Other gains were: Pull
man .. and Iowa Central, Lake Erie q
Western. do preferred, Louisville, Bay
State Gas. Illinois Steel. Lead preferred.
Consolidated Ice and do preferred. gain
ed a point or over. Colorado Fuel lost
IL. Sugar moved over range Of IL
but closed u on on the day.
The bond market showed no Rbate-
ment of the decided strength that has
characterized its operations for some
time. The speculation was quite broad
and material gains We're established in
many lines The middle grade securi-
ties were largely dealt In and registered
the extreme improvements, which eE-
tended 20 ~ per cent. In Peoria, Decatur
& Evansville firsts, Evansville division.
The aggregate sales were Sl,69s.O00.
Governments were neglected at the
board but quotations were slightly
The total sales OF stocks to-day were
27O. 800 shares.
The Evening Posts London financial
cablegram:
The stock markets remain inactive,
but strong and hopeful and especially
as regards Americans on the steady
support in New York. The feeling In
Americans Is very bulllsh and some
thing decidedly adverse will have to oc-
cur 10 prevent at least further moder-
ate rise.
KnfFlrs, which together with Americans
are being quietly bought by large In
A feature is the strong demand for
India council drafts. 600 lakhs being APP
piled for to-day
quiet.
BONDS AND STOCK QUOTATIONS
New u. 8. Is rcg.i2S Nash. & Chat. o.
New US. Is cousi2jh y. J. Central...' Ms
u. s s reg......ti, Nor. & W. pre-. -
u. S. o coupon. .lliis Northern Pac.... liA
u. s. IS reg......lil9s do preferred. ~
U. s. Is coupon. .ll3 Northwestern, ''iiilt's
u. 8. - reg. 96is do preferred ~ ~,
Atcbison -. lais n Y. & n. E.. %
Adams EXbrcss. 80 Oregon Nav. 2l1A