The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-06-30
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y NEW DIRK. June Mn s. on eli
ilQih per cent; las loln II PER cent.
| Prime mercantile paper s@4 per cent
Sterling exchange stroas, with acluai
business In bankers bills at 81 s5E. %
\ SO for demand an a at 81 S4is "a SIN for
tlSty days. Posted rates - S5Sli S6;llt
Commercial bills 81 'S3cp4 Ssis Silver
certificates ST. q 59 Nc. Bat; silver 59iiic
Mexican dollars fbss -. Z. u r Z
Midsummer dullness was the. prevails
Ing characteristic OF the trading In
stocks to-day, and there waE scarcely q
feature In the list ofSsuflclent interest
to warrant mention. There was a nr1ve-
ment 10 cover some of the short con-
tracts that were put nut by professional
traders Yesterday afternoon on the
rather daring assumption that trouble
was broodlng with Germany over that
governments alleged intended lntericr-
ence In the American occupation OF the
Philippines. This covering movement
carried prices up sharply In the! early
trading OF some stocks. those which were
the chlefest sufferers In yesterdays
raid, namely, Tobacco and Brooklyn
Transit. being the most conspicuous In
the recovery. Sugar was also strong
feature, though TIL! trading In 1t was
not strikingly large. Apparently the
practical abandonment by the oppoSi.
tion In the senate to the annexation Of
Hawaii has led 10 covering by the bears
In sugar, who sold the stock on the
strength OF the annexation. y The an.
nouncement OF the regular dividends OF
Tobacco brought some realizing, and n
reaction OF " per cent, but the stock
was well supported at the decline, Buy.
Ing orders appeared late In the day for
Texas & Pacific. which advanced the
price q point after an earlier demand
for the same compaRy's second income
bond. strong recovery In wheat eS-
cited sympathetic interest in stocks,
and gave some strength to, the grain
carrying roads. The report of crop dam
age, which aided the recovery In wheat,
were not Of themselves calculated 10
benefit railroads. but the urgent cover
Ing movement indicated that some OF
the recent selling OF wheat was for short
account. The rise In wheat gives en-
couragement to the hope that the farm
ers will again enjoy q profitable year.
There was evidence ofsome quiet absarp-
tlon Of the Changers. Rock Island,
minus both the stock dividend Of 10 per
cent and the cash dividend OF AZ per
cent looked particularly Cheap" In
Wall street parlance. The buying of
Pullman continued to-day, and Great
Northern preferred showed gain Of rs
per. cent. Time money was quotably
higher, ruling at per cent for four
months and 81 per cent Cor six months.
Tie demand was said 10 be due to some
apprehension that the loan cannot be
taken up without congestion OF funds
in the treasury. and also to some appre-
hension that the proposed forms for call
loans, designed to avoid the tax, will
prove unavailing. Bonds continued to
show greater activity and strength than
stocks. Total sales, $2,690,O00.
United States SIS advanced 4 per
cent In the bid price.
The total sales OF stocks to-day were
, 202, 500 shares. =.
The governors of the stock exchange
to-day decided in compliance with a re-
quest Of a majority OF the members 20
close the exchange on Saturday This
will make suspension OF trading on
the exchange extend from Friday to
Tuesday. s.