The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-07-04
FINANCE AND TRADE.
The Features Of the Money and Stock
Markets

NEW YORK, July a.-Money on call
easy at 1h@1A per cent; last loan M
per cent. Prime mercantile. paper SAG
AZ per cent. Sterling exchange firm and
easy at close, with actuai business in
bankers bills at 81 SCA for demand and
at 81 81 for sixty days: posted rates
81 SSGt SIih. Commercial bills 81 S3A@
4 SSha. Bar silver Glhc. Silver certin-
Gates 6iE@6ohc, Mexican dollars 4Si.c.
Government bonds strong.
There was an obvious effort this
morning to continue the manipulated
advance in prices which was set OH
foot yesterday by clique of profes.
sional traders. The, attempt met with
considerable success for time. assist
cd as 1t was by special Influences af-
tecting one or two individual stocks.
There was an active reviva! OF old and
neglected rumors concerning dividend
prospects of q number of railroads.
which have been pursuing n downward
course for some time OH account Of the
general supposltiG. that surplus rail-
road earnings would be conserved for
future needs, rather than distributed as
| Increased dividends. Principal In this
class We're Baltimore & Ohio and Mis-
souri, Pacific. (which were advanced
about point or over by an active bid
ding TIP process during the morning.
lhere was continuance of the recent
unexplained demand for the Reading
ana New Jersey Central stocks the
ittter rising Mt one time two points.
sugar rose with nm appearance OF
strength, but relapsed on realizipc with
me announcement Of n further rise in
Inc price OF the product, Brooklyn
transit derived somp benefit from yes
tcrday's verdict In the trial for conspir-
hcy 10 discredit the securities of the
company. t.s pa.
The early depression from London.
where the growing seriousness of the
pfoblcm IN China had its effect, seemed
TO be totally ignored in this market and
llah no influence In checking the OPEN
ing advance Not 30 with the influence
OF the wheat market, which again DEM
onstrated Its dominating power on
stocks. When prices Of wheat were
seen to advance railroad stocks turned
downwards, and found ineffective sup
port for the rest of the day. rrh. gem
efa' level OF prices fell below last night
In the late dehlings, but there were
some stocks which retained small net
gains. though much diminished from
those NJ inc nlgh level or prices.
Although the advance was checked,
The gains which were secured In yesier-
days movement were not very largely
encronchcd upon. lFE. 49,
The market during the latter pnri OF
the day was duh Utmost to the poInt of
stngnntion, there being no disposition
10 put out fresh contracts on the eve of
me holiday. Rock Island lwns added to
the list OF railroads whose Increased op-
Grating expenses for May !.hnvc moro
tnhn wiped out the increase In their
gross earnings. The money market was
very dun and not quotnbly changed,
put the diffusion Of interest md dfvt-
dend payments has evidently commence
cd. The sub-,rcnsury had n debit bal
Ahfe at the clearing house to-day Of
nearly 100000 dollars and the days cx-
cess Of expenditures over receipts OF
the public revenues q, washington
amounted to $2,H2.lsy. These figures
reflect The payment OF Intcrcst on gov-
eminent bonds. II wnA reported TINT
the Canadian Bank Of Commerce was
IN receipt OF 100000 OF Klondiko gold,
On the other hand Now York en-
change at Chicago fell from twenty