The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-05-29
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

Markets.
NEW YORK, May 2S.-MOney on call
steady at 1%92 per cent. Prime mer-
camille paper, SMG4h per cent ster-
ling exchange weak. with actual bust
ness in bankers bills at 81 S7lt94 S79s
for demand and 81 S4%9t S4& Cor sixty
days; posted rates, 81 s5la and 81 SS1s.
Commercial bills. 81 sS%94 81,
Bar silver, 60lsc. silver certificates
eOG61c. Mexican dollars, 47ae. Gov
eminent bonds steady. State bonds
inactive. Railroad bonds weak:
The opening of a new week showed
no material change In speculative con-
dltions, and the stock markets of New
York, London, Paris and Berlin con-
tinued dull and neglected. In New
York another brokerage firm announced
Its suspension. the failure being an
nouncad as was that OF Price, Mccor-
mick &: Co, on the cotton and stock ex-
changes almost simultaneously. The
closing out of the FIRMS contracts on
the stock exchange. under the rule, re-
suited In transactions in about 10000
shares. That prices were inclined to
advance under the influence Of the set
Element was sufficiently explained BY
the fact that the buying Of stocks for
the firm outnumbered the selling fully
toll. That is to say. the house was
largely short of the market The fall
ure is attributed to cotton speculation,
rs the recent movement of stocks has
been In favor OF outstanding contracts
OF the firm. Last weeks ruEaor Of
financial difficulties, which specified
this house, brought pressure to bear
on them. and precipitated the assign
ment. The fact that the same kind OF
rumors are circulated regarding somn
other houses Is factor in keeping Wall
street sentiment unsettled. The only
notable movements during the day were
the advances in Sugar. supposed to be
on bear covering. and in Burlington. on
n resumption Of buying of the same
character as that which has given the
stock It's recent strength. These adj
vices prompted some sharp rallies at
other points in the market, and some OF
the earlier losses were recovered. The
market was semi-s,asnant Mt tImesH
and the closing was dull and irregular.
London sold small amounts OF stock.
although that market as n whole showed
some strength on the advance Of the
British Into the Transvaal. It is
worth remembering that the speculative
world has based its largest hopes re-
rardfng the end Of the Transyhal on the
effect to be produced in the money mar
ket by the resumption OF the gold sup
ply from the South African mines. but
AT the present time there is renux OF
cash into the reserves OF all the great
hanks of the world. and increasing diff
nculty is being experienced in finding
profitable employment for Idle capital.
This Is entirely without effect In arous-
ing any speculative demand for securi-
ties, owing to the fact that the release
OF money is due to decline in trade,
Dizziness to-day was accentuated by
the fact that the week will be inter-
ruptrd by n holiday in New York. and
by the years great racing event In Lon
don. Sterling exchange was weak to-
day.
The bond market was very weak. and
showed weakness in sympathy with
stocks. Total sales par value. St.i6O.-
900. United stntcs bonds were UNI
changed in bid quotations.
U. S. Bonds.
u, 8. rofundInE us new is cou.l2lb