The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-06-17
FINANCE AND TRADE !.
The Features OF tho Money and Stock
Markets.

The Features OF tho Money and Stock
Markets.
NEW YORK, June 1s.-Money on call
steady at 292h per cent; last loan. 2.s
per cent.
Prime mercantile paper. sA94 per
cent. AqH q W
Sterling exchange higher, with actual
business in bankers bills at 81 S7S9
4S7A for demand. and at 81 S594 Sc for
sixty days; posted rates. 81 s6hG4 81
and s4ss; commsrcial bills, 81 s594 S5,s.
Silver certificates. 60hGG2. IS.
Ear silver. 6ossc.
Mexican dollars, 4Sisc.
There were small number Of stocks
whose prices were marked up at the
opening To-day and for which q buying
demand existed at intervals during the
whole day. The coalers were conspicu.
Gus, especially tho Reading Issues, and
they rose on an average OF about II!
points. The Flower group also moved
upward and gave some semblnnce OF
strength to the general market. Aside
from this demand the market was n1-
most wholly neglected and In the hands
OF d small coterle Of professional trad.
ers. The utmost endeavors OF these
operators did not serve to move prices
more than u small fraction, except in
few isolated cases. Tho advance In
the coalers was pretty well held It
was credited to the return from Europe
of prominent tinancler. who has ng-
tired In many railroad congratulations,
and to the closing OF options on Lehigh
Valley by sympathetic control. Some
OF these railroads displayed rather
firm tone. In sympathy with Reading,
but the movement Of prices In them was
inconseQuential. The advance In the
Flower stocks was not so we'll held, and
In some of them was more than lost
before the day was over. Sugar moved
mp and down over q range OF about 8
points. and closed with small net loss.
New York Air Brake made character
istic sky-rocset jump of 1G points. Col
orado Southern first preferred dropped
~. presumably on account Of the labor
troubles In the state. Metropolitan
| ranged over points, but closed at 4
small change. There was nothing In the
general situation that found reflection
in the stock trading. The undertonc was
iir'n In the railroad list, partly in SYM
pathy with the strength of Individual
stocks already mentioned. The an
| nouncemcnt of an additional shipment
! by to-morrow's steamer of sl0O0.000 in
gold was without Influence In the trad.
ing. unless 1t might have been fac tor
IN dfscouragtng activity. An influence
IN the same direction was the expec ta-
] tipn OF unfavorable bank statement to-
morro". Last Saturdays shipments, as
We'll as those made early In the week,
VIII all figure IN to- morrow's statement,
but not to-day's engagement. The banks
are said to have lost cash In other
ways during the week. and large de-
cline In that item is expected In to-mor-
rows statement. The Item OF loans can
noe be foreoasted, but there are. re-
ports OF Il calling Of some loans yester-
day, suggestln,: that there may be q
contraction of credits reflected by to-
morrow's return.
The money market continued rather
ilrm to-day. While rates In London
showed n further decline under the
equalizing influence Of the gold ship
ments. AN Incident OF the day was the
'lrmer tone In the silver market In Lon
don. said to be due to buying for Indian
account and to the effect OF the Color
ado smelters' strike.
Reading Is We're the feature of tn.
pond market. with an advance of per
cent. on the large buying. Elsewhere
in the list there we're points of weak
ness. Total sales. par value. s2,7SO, O0c.
U. S. IS and the old As coupon de-
c'ined Z, and the IS advanced Z In the
bid price.