The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-06-28
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II IN 81 Markets. lB5 ssi.l
NEW YORK. June g7.--Money on call
steady at il9lh per cent: LAST loan III
PEI, cent. Prime mercantile paper 3di
per cent, Sterling exchange Arm. With
actual business In bankers bills at
y s5hq4' ssh for demand and at 81 So
Z a. Siti for co days; posted rales "a $50
! s6h. Commercial BILLS 81 Sidt $50.
Silver certificates $4,000. BAR hIvtr
t9hc, Mexican dollars 4JNc. 5Ls
The character OF the mnrKet-for secur-
tiles was very little changed to-day
{ from that recently prevailing Railroad
stocks were neglected. AMI, with a few
exceptions, drifted to n lower price level,
the demand being insufficient 20 absorb
even the small offerings, Meantime in-
dlvldual speelalties were taken up and
pushed forward independently 10 a high
er, level without regard 10 the general
tendency In the market, and without In
tiuence upon It. There was a sharp
drive against Sugar and Peoples Gas,
the opening transactions reduced their
prices nearly 81 per share. This was
apparently With a purpose on the part
or the bearsto put'a stop 10 the upward
tendency OF some OF the sptclllils, Bat
the Individual stocks continued to be In
fluenced entirely by individual causes
and both Sugar and Peoples Gas were
allowed to recover. Tobacco, the RUB
Der stocks, Spirits preferred, Pullman.
Third Avenue and Brooklyn Tranelt
all showed marked strength at one time
or another, the latter advancing to near
Is on very heavy buying In the final
hour. Thea were few exceptions 10
the heavinscs In the railroad list. the
Vanderbilts and Rio Grande Western
showing some tendency to advance.
There was also quite an active demand
for Atchisnn preferred at n small adj
vance In price, which was explained by
the later publication OF the May traffic
statement showing an increase IN the
gross earnings OF s4s5.s44, and In the net
earnings OF S233,297. Part OF the dullness
In the market Is attributable 10 doubt
over the bearing OF the new war tax
20 so into effect July on stock sales,
loans and exchange, especially on the
two first named. The decision OF the In
ternal revenue office that all Reissues Of
stock certificates whether for transfers
or merely for an accumulation Of hold
lngs into one cetificate are 10 be taxed as
fresh Issues. Is considered rather oner-
GUS, and measures for illegally avoid
ing" this tax are quite frankly discussed
in Wall street. One measure proposed Is
to deposit stock certificates with trust
companies and deal the company's cer-
tificates. The effect of preparations for
the July disbursements and also the use
OF money at interior points for subscrip-
lions for the governments loan had
some slight effect on the tone Of the
money market to-day. The collection
by. the treasury OF checks for subscrip-
lions TO the bonds Of small denomina-
tions Is also having the effect Of reducing
the sub-treasury's debit balance at the
clearing house. Rates for money are
not. however, apprcclably changed.
There was a good degree OF activity in
bonds to-day and prices Of railroad
mortgages were generally higher. Total
sales s3,l75.OO0.
United States IS advanced Y per cent
and the new Is declined Y per cent In
the bid price.
The total sails OF stocks to-day were
27b, 100 shares.
BONps AND STOCK QUOTATIONS,