The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-06-05
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

The EeaCures OF the money ana STOCK
Markets.
NEW YORK, June 4.-Money on sail
easy at 1&G2 per cent; last loan, 2.
Prime mercantile paper. Sk94A per
cent.
Sterling exchange easier, with actual
business in bankers bills at 81 S7Qi s7A
for demand, and at 81 S4l4 for sixty
days, posted rates. 81 S5lG and 81 SS1s;
commercial bills, 81 S3ls94 $685.,
Silver certificates, google.
Bar silver, 6Oc.
Mexican dollars, 47kc,
Government bonds irregular.
state bonds inactive.
Railroad bonds Irregular.
The New York stock market re-
lapsed again to-day In the re-
dictionary condition, showing the same
apathy and hesitation which character
lied it for some time previous to the
slight FLIP which gave an appearance
of some animation and strength last
week. There were times to-day when
stocks were offered quite freely and in
considerable variety and the entire alb
scnce of demand made prices yulnera-
BILE to the err5rts by professional pears
to get them to lower level. The aG-
tual news OF the day offered IItt'e 10
account for the weakness I'm the mar
ket. Probably the correct explanation
is the conviction now become general
in Wall street that last weeks buying
was due to the closing up Of some ex-
tensive short accounts by one or two
operators on a large scale.
While that demand found very scarty
offerings OF stock 1t failed entirely to
attract any additional demand Com
mission house business continued at a
very low ebb. There was some Gpeeula-
ton in Sugar during the day, based
on the dividend prospects. 1t was ex-
pected that the quarterly dividend
would he declared to-day, bu; 1t was
announced during the trading that &C.
ton would be deferred until to-mor-
row. limitations were given cit, how
ever, that the executive committee had
already determined upon ~ per cent.
dividend for the quarter, maintaining
the same rate as the last dividend. The
price was run up to ll9A by this rumor,
but later fell back below Saturdays
price, closing a shade on on the day.
The WhitsuntIde holidays In LONDON
and on the continent left the market
without any index OF foreign conditions.
Some sentimental depression was
caused, however, by the delay in the &C.
cupation of Pretoria and by sugges-
lions OF money market difficulties in
Berlin. The bears professed some un
easIness also over possible cpmplica-
lions In the far east,
The closing Of the Illinois Steel Com
pany's mills In South Chicago made the
steel stocks especially weak early In the
day, but the tone of the group became
steadier in the late weakness Of the
market. a rise of 3 points in New Jer-
scy Central caused temporary harden
ing OF the coalers, but It did rot hold.
The heavy loan expansion by the banks
disclosed by Saturdays bank state
ment, bringing the loan item to the
largest figure in the history OF the
clearing house. was unexplained by
news OF any special transaction. In
this connection discussion was caused
by the dispatch from Berlin to the AS
ISOLATED Press reporting protect by
German Ananciers to introduce the Inn
perial 9 per cent. bonds upon the Amer
lean market owing to the great abund-
ancc OF capital in the United states
The treasury departments estimate OF
the amount Of money In circulation on
June shows an Increase for the United
states Of SiA,l62,4 Os for the month, In
spite Of the gold exports OF over SlO,-
900 900 ana the taking up Of the treasury
surplus Of nearly S5OOO.OOo Tho pros
pecllvc taking up OF the treasury SUR
plus Of nearly t5OOO,OOO. The prospect
Of an early resumption Of gold receipts
from the Trnnsvaal, the expectation
that shipments will soon be received
from Cape Nome and the Klondike. and
the high rate OF production reported by
American mines nrouses the discussion