The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-06-15
FINANCE AND TRADE,
The Features ofthc Money and Stock
b Markets.

LIZ ~ rca1ureS OF inc Money anu Stock
- Markets.
5 NEW YORK, June l4.-Money on call
steady at 200 per cent: last loan 3 per
cent. Prime mercantile paper 3A94 per
cent. Sterling exchange steady, with
actual business in bankers bills at
s. s7ip4 s. for demand and at "a s5a %
= So for 60 days; posted rates 81 Seh0
4 81 and 81 50. Commercial bills "a IS.
Silver certificates 605sG62c. Bar silver
Cole. Mexican dollars 4S1sc. Govern
ment bonds steady. State bonds firm.
Railroad bonds irregular.
7 The professional bear room traders
whose effort It Is to keep In the current
OF events for short turn in prices, were
kept in very unsettled frame OF mind
to-day by the frequent ebb and flow Of
prices, and they were left in state Of
confusion ut the close under the puz-
cling conflict OF current In the stock
market. Some rather large interests
evidently took their profits In recent
rise yesterday and having done SO were
ready to ayow the facts this morning,
This brought q considerable following
from outside sources and the commits
sion houses were sellers OF the general
list. But the bears who hold stocks
freely In the late furry yesterday were
buyers at the decline for the purpose OF
covering their short contracts, so TINT
the helated liquidation was pretty we'll
absorbed. In fact the covering by the
shorts and large buying Of some Of the
high priced specialtles carried prices
generally after the opening above last
nights level. But weak spots began to
develop. notably In Sugar, Metropoli.
tan and the Smelling stocks, the
latter on the prospect Of labor trou-
oles,and u general selling movement set
IN. Steel and Wire, Anaconda, Cont
mental Tobacco. p, c.. C. &. st. L., Baltl-
more q Ohio. Colorado and Southern
first preferred, International Paper and
the Steel stocks that were advanced
yesterday were all special points OF
weakness at different times during the
day. On the other hand the Flower
specialties. especially Brooklyn Transit
and Federal Steel were we'll sustained
and showed a. disposition to advance.
Sugar also after dropping off nearly 3
points. developed an aggressive upward
tendency and rose an extreme 6 points.
Manhattan was another strength. This
deferred the bears from making new
ventures on the short side. although the
early advances were not we'll main
tnined. The market was In fact u
waiting one in the exact sense Of
the word and fell into extreme dulness
late In the day. The quick rally OF AZ.
points In Metropolitan Street Railway,
after dropping So and OF x per cent In
Sugar lifted the level OF prices from the
low plane to which. they had been drag
ged during the afternoon and made the
close comparatively firm. Only a few
stocks showed net gains. fractional
losses being the rule The expected
dividend declared on Northern Pacific
common was announced shortly after .
o'clock and gave that stock some
strength. Otherwise the grain
carrying roads were inclined
TO heaviness on talk of harm
done by the rains. Denver preferred
and Southwestern generally were con-
splcuously weak. The banks were
rather more eSacting In granting loans
on call during the day and this led to
more attention being given to the out.
look In the money market. The condi-
lions are much easier In London, where
the effect on the stock market was ben
eiicial and this lessons the prospect OF a
further immediate outflow OF gold.
There was 4 reactionary tendency
manifest at some points in the bond
market and the volume Of business
done was only moderate. Total sales
par value s2.545,O 900.
Government bonds were UNCHANGED.
The tota! sales of stocks to-day
amounted to 4Sl.SGO shares.
ST9rES AN}3 paS-f,