The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-06-15
FINANCE AVID rRADp.
The Features Of the Money and stock
Markets,

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Markets,
NEW YORK. June 14.-MOIey on call
easy at lh@2 per cent; last loan, IL
per cent.
Prime mercantile paper sh94N per
cent.
Sterling exchange steady. with actual
business in bankers bills at 81 S7ss9
S71s for demand. and at $4s4N@4 IS
for sixty days; posted rates, SISSY and
81 sSh; commercial bills, 81 S4q4 SAA.
Silver certificates, 6O@61c.
Bar silver, coke.
Mexican dollars, 47lkc,
Government bonds steady,
State bonds inactive.
Railroad bonds steady.
1t would be difficult to find salient
point in to-day's stock market On which
to hang an intelligent opinion of the
conditions and prospect. The trading
was u step nearer to the point of abb
soiute stagnatIon, and the movement OF
prices throughout showed the doubt
and hesitation Just as 1t has for some
time past. Prices are lower on the day,
but the losses serve as little u carry
conviction of any underlying weakness
in the market, as did yesterdays gains
of any strength. Certainly there was
no heavy liquidation pressing upon the
market to-day. Sales were quite in
appreciable. which were made for any
other account than that of small room
traders, who would eagerly close a con-
tract IL they saw profit Of v or x in
the change of the price, The dullness
became so portentIous that the bear
traders began to divine all sorts of dam
aging possibilities, the best defined of
which was an impending commercial
failure, mounting up into an indefinite
number of millions. Dllligent inquiry
on the trail Of this rumor led into buck
ct shops, where the trail was lost. The
foreign stock markets were In the same
condition as the New York market as
to the dullness OF the speculative inter
est, but showed some nrmness on the
reduction in the Bank Of England dis
count rate. Private discount rates in
London went lower. and the hardening
Of the rate III berlin and the further
easing OF sterling rates both in Paris
and Berlin seemed without effect. on the
London money market, which is appar-
emily reeonciled to surrendering some
of Its supply of gold to Paris. The Bank
OF France showed further reduction
OF its note issue and further contrac-
ton OF its loans for the week notwIth-
standing u further increase in Its gold
supplies of over SSOO.OOO The demand
for time money In New York for the
longer periods up to seven and eight
months was distinctly greater. The
supply to meet the demand was appar-
emily ample. The sub-treasury state
ment showed q gain for yesterday OF
$3,72S, 600 as a result OF the Payments
for the gold bars, which were exported
on to-day's steamer to France. Appar-
emily the banks have not made any re.
mlttance to the government Institution
as yet In response to the call OF the
treasury department for $5,OOOOOO for
government deposits. Money is still
moving In large volume from the in
terror to New York. aud unless the TAX
ing up of the government deposits is
to figure in the Saturday bank state
ment the cash changes for the week are
likely to be small.
There were only slight changes in
the prices of bonds on very small vol
ume of business. Total sales, par value,
$4,000,
United States bonds were unchanged
in bid quotations.