The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-28
I FINANCE AND TRADE.
Tho Features OF the Money and stoc
N, Markets. y, = 7. y

Tho Features OF the Money. and Stock
Markets. 81. :
NEW YORK, May 27.-Money on call
steady at 1@1h per cent; last loan "
per cent. Prime mercantile paper 3is@
Az per cent. Sterling exchange firm
with actual business In. banking bills at
81 'S6AQ4 S6iS for demand and at 81 SAN
"a say for 60 days; posted rates 81 IS
and 81 STE; commercial bills 81 500
4 Ss1k. Silver certificates 5sA @5SAc.
Bar silver 5TSc, Mexican dollars 45Ac.
The stock market enjoyed period Of
strength this morning, but the eorly
gains were practically all wiped out be-
fore the day ended, except In the few
special stocks which had sustained the
list all day. Even some Of these closed
at prices as low or lower than last
nights closing. The late weakness was
all the more remarkable on account Of
the sustaining force exerted by the
buoyancy Of Peoples Gas. This stock
made a remarkable display of strength
and absorbed a large proportion Of the
days total dealings. The extreme rise
was almost three points and the advance
was effected In face of the pronounced
heaviness Of tho general market which
was dropping under persistent drlbble
Of REALIZING sales.4. The advance in Peo-
pies Gas was dueito very confident buy
ing on the part of inside interests 1t
may have been directed against short
interest which has put out in the last
few days on the strength of threatened
litigation against the combination of
companies. After the stock touched par
very heavy blocks were taken and there
were prolonged periods which II was
practically the only stock appearing on
the tape Its net gain is nearly ~
points. Rock Island, In which the
prominent financial interest Is the same
as In Peoples Gas. was the most con-
spicuous figure in the railroad list and
was advanced almost two points In the
early trading. saved only little
over point Of its net gain. n
The grangers as n group shared In this
early strength and there was good buy
Ing also in the Vanderbilts. London
Was q buyer Of the international stocks
in this market and there were conspic-
uous gains In the case of several isola-
ted stocks. Later weakness In the mar
ket was undoubtedly due to growing
doubt as 10 the whereabouts OF the
Spanish fleet. The bull element in ex-
change Is by no means satisfied by. the
lethargy In the money market, the de-
mand for funds arguing In halt in
business. Continued difficulties over
tho adjustment OF rate controversies
cast shadow on the market and ST.
Paul statement Of April traffic showed
SO overwhelming q proportion OF in
creased earnings eaten up by operating
expenses as to emphasize this evil. VI
The marked falling off In the foreign
demand for grain on account OF the de-
clininE apprehension of q future short
supply is MISC having its effect on
stocks Activity to-day was very large
~ confined to- the few stocks above In
dicatcd.
There was some awakened activity at
times In the bond market and few
heavy individual transactions, Prices
were well held throughout. Total sales
S2,575 600.
y. s. old Is registered were Y higher
and do coupon Il lower and the new As
coupon II lower in the bid price. 9th
ers were unchanged. E
The total Gales OF stocks to-day were
336,500 shares. 4
Evening Posts London financial ca
blcEram:
The stock markets here were quiet to-
day In view Of the coming Pentecost
holidays. but were firm and hopeful.
Americans and Grand Trunks were
good, closing quiet at the best.
BONDS AND sToc FLUCTUATIONS. (,