The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-06-09
! FIHANcEAND TRADE
The Features OF the! Money and Stock
II. = - * Markets. "a K,

5Ino fcnturcs, OF Tue money anu Stoe4
Z. - Markets. ..t q, AZ
NEW YORK, June S.---Money on call
easy at 1911s per cent, last loan ~ per
cent. Prime mercantile paper. 1904 per
cent. Sterling exchange firm with &C.
tuaf business in bankers bills at "a $685.
for demand and at 4 S4h@4 SIX for 60
days. Posted rates 81 S594 ST. Com
mercial bills 81 81. Silver certificates
59% G6oc. Bar silver. j9bc. Mexican dol
lars 49lsc. 49, { 5rf.
The bears secured the upper hand
again In to-day's stock market through
the instrumentality OF Sugar, which
went through one OF Its old fashioned
acrobatic performances und easily DOM
mated the whole list Its. fluctuations
were frequent land violent over an ex
IRENE range OF over. points, and
though It made several substantial re-
coverles, each Successive dip carried II
to q lower level than before and the
close was only slightly above the low
est. The violent declines dlslodsed tor
rents OF stocks which came pouring
upon the market y In blocks OF 4 900
shares. The quick rally indicated that
shorts were LOSING, no time in covering.
AtrcaliZlng movement Is generally ex-
pected In Sugar upon The declaration of
the dividends, but the ssavagese on
slaught Upon the stock was doubtless
contributed to by the powerful, specula-
tive element which has been working
for a reaction for several days past TO
buy stocks at a lower level than they
were sold to realize last week, To-day
was the beginning OF q periodical settle
ment on the London stock exchange and
Il has been the current opinion In Wall
street that thsre+WaS q heavy 0utstand-
Ing short account there in Americans.
st. Paul. in which the foreign short
account was believed to be the heaviest.
broke heavily, but there was a very
large absorption Of the stock at the de-
cline and on the recovery. Although
London sod here through the regular
arbitrage houses, there was no doubt
some buying for. London short account
through other channels. There, was q
very substantial rally late in the day
or covering OF shorts and In. sympathy
with the strength In Individual stocks,
and later the break In Sugar was ilg-
nored sin the general list. Among the
stocks which maintained show, OF
strength in the face OF the general
weakness were the{local specin!tios.s IN
Guiding the gas stocks and some Of the
fractions. the splritsSstocks, Dcs Mo!nes
and Fort Dodge. Z General Electric,
Reading. New Jersey Central and Dem
yer & Rio Grande preferred. The jrenc-
,tion was clearly the result OF manipula-.
ton In the Interest OF professional
speculation and was accompanied by
Wild rumors. The final rally reduced
most of the net losses to fractions and
left substantial gains In many special;
cases. Both the general and the spc-;
cIal news OF the day wereaall favorable
10 an increase IN .yalues but was Is,
'nored in the stock market Prices OF
bonds were better Held than stocks nd
net gains are better distributed. Total
sales 81, 95O, 0tJ. Z: n. w
b q. S. new 40 registered declined !. do
coupon q the old 4s,coupon II and do
registered " In the bid price.
B, The old IS registered, declined Is and
do coupon u on sales from the last
preceding sale price. r 4. 4
t'| The total sales OF stocks to-day were
,447, 300 shares. u ~ III u! s
n, ,,r,N,r,o "A NM GRO fsIS foIT0,rATjoNS Z,