The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-07-20
FINANCE AND TRADE.
me Features Of tho Money and Stock
Mnrkeia.


Markets.
NEW YORK. July ls.-Money on cail
steady at 2h94 per cent; last loan 3
per cent. Prime mercantile paper. 81
04H per cent. Sterling exchange
steady, with actual business In hank
ers' bills at q s7M6l s7A for demand
andat 81 s46l sisl for sixty days; post
ed rates. q s5al 50 and 81 Ss94 ssh.
Commercial bills 81 sax. Silver cer-
tihcates, sOasle. Bar silver, eoltc-
Mexican dollars, lsc.
Government bonds strong.
State bonds inactive.
Railroad bonds Irregular.
The intense dullness of the stock
market continued to be the main fea-
ture Of the trading to-day. as for some
time past. Not only was it true Of
the New York market.but Of the con-
tlnental and London markets as well.
and speculation at different exchanges
in the United States was reported in
the same dun and neglected condition.
The whole speculative world main
taIned its waiting attitude. Many fac
tors which have been addueed to ac-
count for the hesitation have been
successfully eliminated. and the hesi-
tation stiIl persists. The bears took
some heart Of grace from this con-
tlnued dlslncllnauon to advance. and
made quite q vigorous attack on the
New York market late to-day. Earlier
gains in some of the speclaltles were
wiped out. notably in Tobacco stocks.
in Sugar and in Steel and Wire. and
the whole market dropped to low level
Of the day. Missouri Pacific and Wa
bash preferred led the decline. the lat
ter with a net loss Of IL points. The
Changers all weakened sharply. and
Atchlson preferred was notably heavy
In tone. Brooklyn Transit lost the
greater part of yesterdays gain, and
Manhattan dropped a point below last
night. Metropolitan Street Railway.
on the contrary. resisted the declining
tendency. and closed unchanged. Fed
eral Steel common fell awa- heavily
points in the late trading. although the
public announcement that the July
special Injunction against the dlstrlbu-
ton Of the dividend declared on the
stock had been continued. was not
made until after the markets closed.
New York Air Brake made a me-
teoric display on yesterdays judicial
decision affirming the validity Of one
of its patents. The stock opened up
rs points, and then fell 20 points and
closed at a net decline of point. The
close was at 200 bid and go asked.
The market enjoyed a period Of some
strength early to-day. but transactions
were on such a small scale as to lend
little significance to the movement of
prices. Money continued to work
rather lower, but is stIll above the
rates at other domestic centers. Fears
Of the gold movement seem to exercise
reflex influence between London and
New YORK. New York Is In fear that
the money stringency in London and
on the continent will draw gold from
here, as our rates work lower. London
is In fear that the coming export move
ment of merchandise from the United
States will emphasize strength. and sc
prolong the stngnation in speculation
The consequence is a waiting attitude
at all points.
Points were intensely dull, and price:
moved sluggishly in both directions
Total values. par value. S1.ss1.OoO
United States IS coupon advanced y
per cent. and the old Is registered ant
the new IS registered x per cent ir
the bid price.