The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-05-24
sutton, May q.
FINANCE AND TRADE.
The Features of the Money and STOCK
Markets.

NEW YORK, May 23s-Aloney on call
easy at 1902 per cent; last loan, 2.
Prime mercantile paper, sA@4H per
cent Sterling exchange easy, with &C
tual business in bankers bill at 81 S71a
"a SIX for demand, and ut S4S4A9
4 s4% for sixty days; posted rates,
81 s51s and 81 s9i commercial bills
81 S494 S4h.
silver certificates, GOOGLE.
Bar silver, 6Oc.
Mexican dollars, 47lSc.
Government loans irregular.
State bonds irregular.
Railroad bonds irregular,
An effort was made to repeat yes
terday's lively demonstration in Sugar,
in a hope that the traders would find
SUFFICIENT price movement in that stock
to yield profits on the days turf, but
the stock developed its customary OBJ
stinacy and refused to advance to any
marked extent, or to hold what mod
crate gain was made. Its main range
was IN, and 1t closed with a net loss of
u. The street was flooded with tips"
this morning, promising q repetition OF
yesterdays sudden jump, ind the pro-
fessional traders took on stock quite
literally. The closing out of short con-
tracts yesterday left the market with
out support on that account and the
buying did not extend much beyond the
ranks of the professional bills. In spite
of the announcement of a further ad-
vance Of ten cents hundred pounds in
refined sugar made by the American
company, and followed by other re-
0ners, there was not sufficient demand
for the stock to enable the traders to
take their profits, and the price was
brought back to about where 1t started
under the pressure OF that process. To-
day'se advance in the price of refined
sugar makes total of IL cents a hun
dred pounds during the week. and the
quick response made by all the COM
panles to the advance gave color to tina
persistent assertion that working
agreement has beeniarrived at between
the rival companies. The fact OF a
concurrent advance at the end Of the
dull season in the trade, and with the
large demand incident to the canning
season to be met, detracss from the
protests made. with official sanction,
that business Is conducted under pres
ent conditions on ruinous terms, and
that an irrepresslble conflict st!ll RACES
between the rehners. American To-
bacco made further advance to-day.
which was better held than that of
Sugar, and the price Of Brooklyn Trans
It was bid up sharply when large buy
ing orders were detected in the stock.
In the general list there was some show
Of firmness early in the day, but 1t was
not well held in any case, and prices
OF some railroad stocks drifted below
last nights level. The Pacifcs made
the best show OF strength, especially
Northern Pacific, which was affected
by rumors of an Increased dividend rate
and was benefited also Oy tnH uH's'S
rains in the northwestern wheat coun-
try. The buying of Northern Pacific
was attributed in part to Berlin ac-
count. International houses vera sell
ers on balance to a small extent, the
foreign markets continuing generally
depressed. A number of the large pro-
fassIonal operators in stocks are pre-
pairing for vacation trips to Europe
and some OF the buying Of stocks Is said
to be the closing out Of accounts on the
short side for their benefit The small
shipment Of gold for Europe announced
during the day was not unexpected and
had little effect on the stock market
It is understood that 1t is made poSsI-
bic only by special needs for currency
incident to the exposition.
The bond market was dull and small
and irregular changes in prices were
the rule. Total sales, par value N'oSO'-
900
United states new As registered ad-
vanced u. and old AZ and IS declined *
in the bid price.