The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-07-31
! rINANc.:EE,..At,:Nkl1p:l TRADE.
=! The he 4 Features Of the Money q and stock

The Features of the Money and Stock
Markets. :. 4
II NEW YORK, July 3O.-Money on call
at X 9i1sc; last loan III per cent.
Prime mercantile paperf4G4% per cent.
Sterling exchange easier at 81 SIG, for.
demand and at 81 S3a "a S33s for sixty
days; posted rates sits4h14 IS and
81 SSE. Commercial bills is4 1904 Ssl4.
Bar silver 6lAc. Silver certificates
.GlAQ62Rc. Mexican. dollars 4sc. Z
Government bonds steady.
State bonds firm. .,3
Railroad bonds. easier. ~ Z.
The stock market continued very dull
and professional to-day, but the field OF
activity brondened out somewhat so as
to Include rSPstocks than in the
dealings during the latter part Of last
week. The added life to the trading
was on thesselllng side. and ;inroads
were made upon values at points that
have held remarkably firm up to this
time. Sugar and Brooklyn Transit were
the leaders in point of activity and
weakness, but I, number OF other spe-
clalties came forward into q fair degree
Of prominence. 1t was still a market
of specialties, and railroads were rela-
lively in the background. But there
was some addition to the attention paid
to.them also. Dealings were not widely
distributed in the railroad list, the
pressure against the few active stocks
in. that department. apparently not af-
fecting the firm -undertone OF the rail-
road department. as a whole. The
graugers were most affected and Bur-
lington was the leader OF the depress-
ion with az fall of .11k and practically
no recovery. St. Paul fell point and
the decrease In net earnings for June OF
s155,90i, compared with the. correspond
ms period of last year, was the cffec-
tive cause of the heaviness in that
stock andfin the group. Pennsylvania
was a point of weakness in sympathy
with London andswas sold down IN.
The.market was not much influenced at
the opening by the assassination of the
King Of Italy and the serious condl-
tons in China. This was due to the
fact that these events had been offset in
the London market by the reported sur
render Of q large-detachment OF Beers
to the British commander. The 'depres.
sion Sugar was in evidence from the
outset and was apparently to a general
shifting. of the professional attitude to-
wards the stock. There were reports
of pending strike. which We're denied
by reports of the company and reports
OF approaching competition by Euro
pean refined sugars. Invited by the
present high level of prices. American
Tobacco was affected by profit taking,
attracted by. the lrecent considerable
rise. Brooklyn Transit was under re-
newed pressure and fell back to near
last weeks low price, carrying the
other local tractionfstocks With 1t. The
steel group dropped under the unsatis-
factory outcome OF the Chicago confer
ence, designed to restrict production.
Tennessee Coal was active and weak.
falling an extreme. three points. The
stock rallied q point. Besides these
points of weakness1 In special stocks.
speculative. sentiment is disturbed by
the uncertainty regarding the money
outlook, the growing likelihood OF con-
siderable decreases In net earnings of
railroads and awakened apprehension
regarding the crops, Sterling exchange
fell a fraction further to-day. raising u
doubt whether gold is likely to go out
this week. The tone ofsthe money mar
ket remains unchanged, and opinions
regarding the future events there are a
good deal mixed. q
The bond markeSwas dull and prices
were Inclined to go-lower
United States bonds were unchanged
at the last call on the exchange