The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-06-09
FINANCE AND TRADE.
ahe Features Of the Money and Stock
MnrketH.

Markets.
NEW YORK, June s.-Money on call
steady at tNd2 per cent; last loan TX
per cent. Prime mercantile paper $50
per cent. Sterling exchange firm, with
actual business in bankers bills at
"a s7HG4 s7% for demand and at
'S4 $4,000 SAN for sixty days; posted
gfates "a s5]s and 81 Ss3a. Commercial
:bnIs 81 S8a4 "a. Silver certificates COZ
Gle. Bar silver coo. Mexican dollars
47lac.
Government bonds steady.
State bonds lnactlve.
Rallropd bonds Irregular
,The combination bull movement in
,wheat mud bear movement in stocks
1yhIch is an annual fenture at some
period of the growing crop, made It's
appearance to-day. The wheat market
ndvanced in an excited way on an in
croaslng volume Of rumqrs OF disaster
to spring wheat In the northwest.
h Wall street had similar ndvlces and
apparently the conviction that serious
harm has already been done to the
spring wheat gained force steadily dur
ing the day. There Is growing unensI-
ness as well over the rate situation
among railroads west of Chicago. The
,fact that the late break in the prices OF
western railroad shares was cotuctden.
with the deliberations Of the committee
appointed by the presidents OF western
,rqllronds to concert Q plan for dtvts-
ion OF traffic gave force to the SUPPOSE
tlon that the prospect for satisfac-
tory settlement il not very good. Fall
ing such settlement, there is said to
be likelihood Of widespread and
costly rate war. Coming in combIna-
ton with the board reports from the
what country, this served to effectunl'
ly break the market, ond prices went to
pieces in the last half hour OF the trad
ing, the weakness spreading from the
grangers. Paclhc and Southwesterns In
to the trunk lines and specIulties and
embracing the whole list. This break
qasne after a day Of persistent dizziness
md irregular fluctuations in prices
T'hc Incident Immediately preceding tho
breuk was an advance OF over point
in Reading first preferred, with conf
dent absorption Of very large offerings
Tho second preferred rose per cent In
sympathy. The gain in the first pre-
ferred was ali wiped out In the final
break. a gain in the earnings OF the
Northern Pacific OF IS per cent for the
fourth week In May did not await to
sRve that stock from the prevailing
weal1lcss ON the unfRvornble crop
prospects and It fell two points. Mis-
souri, Pacific und Baltimore & Ohio
showed weakness before the general
break on fears OF disappointment re-
Rhtding dividends. There was relax
ation OF the pressure on foreign mar
kcts due to apprehension over the
trouble in China and London bought
stocks here to II moderate extent, caus.
Ing some slight gains early in the day.
Tlit preliminary estimates of the bank
&hipment figure out small loss in
cash, wing to the weeks heavy alb
.sdrption by the sub-trcasury. which
amounted to S3.ll1OOO. all on account OF
the call by the treasury OF government
deposits In the banks. The estimates
of receipts from the interior are Slight-
,iylf exceEs OF those made last Friday,
but N Will BE- remembered that last
fTrdny's estimates fell short by $780,
600 OF the actual receipts so that n gain
In cash in to-morrow's statement would
hotobc surprising The market closed
uctiVo and weak at about the lowest
The bond market was very dull and
price changes were remarkably small.
Total sales par value, $1,19OOOO.
United States honda were unchanged
In bid quotations
10 'h U. s, Bonds.
NNa