The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-06-16
FINANCE AND TRADE.
The Features of tho Money and Stock
Markets..

The Features of tho Money and Stock
Markets..
NEW YORK, June 15.-Money on call
seteady at 203 per cent; last loan 2h
per cent. Prime mercantile paper 81
per cent. Sterling exchange steady.
with actual business In bankers bills ut
81 S7&G4 s. for demand and at 81 S5N@
4 Sc for 60 days; posted rates 81 S61s@
4 81 and 81 50; commercial bills 81 S5A.
Silver certificates 6ohl62c. Bar silver
GORc Mexican dollars 4Sisc. Govern
ment bonds trmer. State bonds mac
tive. RAILROAD bonds irregular.
The public continued 10 hold aloof
from the stock market and dealings to-t
day were almost wholly professional.
There was the sembtnnce OF strength
at one time. due to sympathy with the
activity In small group of speciaities.
which were bought by large interests
more Or less Identified with them. Prices
OF the group were advanced and the
traders bought the general list causing
small advances all round. But the rise
failed absolutely to invite any outside
buying and the supporting tactics were
abandoned during the course OF the day.
The listless condition that ensued was
such as to invite bear aggression, But
the bear party apparently suffered from
the scasonable lassltude as much as the
general public and their opera tons were
not pursued with any vigor or determi-
nation. However, the gains at one time
established We're practically all wiped
out before the close and net losses are
the rule. most of them being restricted
70 fractions. Sugar ruled above yester-
days level. rising at one time nearly
points. but closing at net gain of only
In per cent. The Federal Steel stocks.
Brooklyn Transit. Peoples Gas. Man
haitian and Consolidated Gas also en-
joyed their period of strength. There
whs an early break in tho Denver 4 Rio
Grandc stocks and Colorado Fuel weak
ened late In the day on account of the
labor troubles over the eight hour law
In Colorado. American Smelling stIrfen-
ed points on few Isolated transac-
tons, the officials of the company pro-
Tossing to feel no uneusiness over the
strike and alleging that it came at a
good time. American car showed losses
of and 2 points respectively for ta2
common and preferred stocks, and
Pittsburgh, Columbus. Cincinnati g. St.
Louis. moved in an erratc manner 8
points over yesterdays level The be-
lief that the outward gold movement Is
not yet concluded added to the dsln-
clination to buy stocks. The prelimin
airy trade statement of the treasury de-
partment for May discloses that the
total exports for the fiscal year for the
first time fell below those of last years
ut the end Of May to the eNteu. of
something over s5.OO0,COO. But the ex-
ports In June of last year showed a
heavy decrease from those of Nav so
that the June exports for this year.
which are running much nearer to last
years level, may bring the total for the
fiscal year uD TO last years unprece-
dented figures. The continued high
level OF imports compared with those of
last year will cause a marked diminul.
hon In the country's favorable trade
balance for the fiscal year. But IT Is
now evident that the trade balance will
be between twenty and thirty millions
over half billion dollars, which is far
above the record for any previous year
except 1898. Wall street Is still puzzled
to decide whether this enormous credit
balance has been all llquidatcd by the
buying Of our own securities from for
eign holders and the mystery surround.
Ing the gold movement has added to the
puzzle.
Railroad bonds continue TO show sym.
pathy with heavy tendency In stocks.
many declines being shown on the davis
business. Total sales par value
s2.679.OOO.
U. S. old As coupon advanced u Der
cent In the bid price. 10y
The total sales OF stocks today
amounted to 3S6.902 shares.
STOCKS AND EDND or-o-r ,r,oNc