The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-06-01
FINANCE ANp TRApE.
The Features of the Money and Stock
Markets.

3AS GeabuAeS VI Ihe Ghuney duu SboCh
Markets.
NEW YORK, May 31.-Money on call
steady at 1N92 per cent; last loan per
cent. Prime mercantile paper SMa4h
par cent. Sterling exchange steady,
with actual business in bankers bills at
81 S7H94 S714 for demand and at 81 S4l.
"a S4Es for 60 days. Posted rates 81 S5M
and "a sSn. Commercial bills 81 S3H9
4 s4Is. Silver certificates GOaG1c. Bar
silver COO. Mexican dollars 47iEc. Gov
eminent bonds weak. State bonds in
active. Railroad bonds strong
The stock market struggled for
while with uncertainty ard apathetIc
Indifference. but toward the latter part
of the day took on more aggressive
strength and closed with a greater APP
pearance of activity and vital force
than 1t has showed for many days past.
The impulse was upward from the open
ing or number OF Influences accumu-
lated over the holiday. This one Of
widest bearing and interest was the re-
ported capture OF johannesburg and
the readiness OF the Beers in Pretoria
to surrender. The buying for foreign
account here, however. did no. exceed
5000 shares, and the tone OF the New
York market became reactionary after
the opening on profit taking and on dis
appointment that no greater strength
was shown. The effect may thus be
said to have been very small and mo-
mentary unless some of the latter buy
ing was in expectation Of u more active
demand for stocks from foreign sources.
The later strength was conspicuous in
the southwestern and western grangers,
and is doubtless attributable 20 the
prospects Of the winter WHEAT erop.
Atchlson preferred and Burlington were
easily the leaders. tho former gaining
ard the latter 2ii per cent on large
transactions. The strength elsewhere in
the railroad list proved to be In sympa-
thy with this movement and was not
widely disseminated. Another notable
source OF strength was tho demand for
the steel stocks which rose at one time
from / to points al around. Later
more hopeful views Of the trade out
look were quoted from authorities in the
iron trade and reports were current OF
large contracts for export. The weak
ness of mine stocks in Berlin was at
tributed to new competition from Amer
lean sources In Sugar. tho opening
squirt was in sympathy with the unon-
cial quotation established by restless
spectators outside the exchange dur
Ing the holiday. The opening price lt
100, was the best and before the final
rally In sympathy with the other
strength in the market, the stock re-
lapsed to within a small fraction OF
Tuesdays close, In spite OF the credence
given to the reports OF the taking over
of part of the opposition refirerles in
the interest OF the American company
and n further advance OF 10 points In
the price OF refined sugar. The failure
of the Bank OF England to further re-
duce It's official rate of discount prob
ably had something 10 do with the mod
crate effect OF the war news upon the
markets. The maintenance Of the rate
at 3k per cent Notwithstanding the rel
payment during the week OF over $4,000,
900 loans must be interpreted to reflect
the doubts In the minds Of the COVER
nors over the permanence OF the present
ease In the money market. The large
decline In government deposits helps TO
explain that ease. In the case OF the
Bank OF France, further gain In gold
Is indicated OF nearly 100000, but in
confirmation OF the foresight Of the au-
thorlhes in increasing their reserves,
the demand for credits has increased
the amounts OF bills discounted to the
extent Of over $iLOOO.OOO while addi-
tlonal notes have been issued to the ex-
tent of over S3O,OOO.OOO. n doubt is war
raBted, therefore, whether the demand
for gold from Paris has yet been fully
satisfied.
The bond market was considerably
more active and strong. Total sales par
value 81. 735.OOO.
United States 3s declined z Per cent
and the old Is II per cent in the bid
price.
U. s. Bonds.
u. s. Rounding lU.S new Is cOui3r4
2H when lRR'd 1921 |'U S. old IS regiltfs
u. 8 % reg.... qg7s In. s. old is cOu.1i5A,
U. s. 81 req. 1lgit IN. 3. o. rcg...il3',
| u. s. 30 coupon 100 Z |U. s. 5s coupon. ll3I
U. S. new ~ reg 1900
Eek. Interest
Stocks.
Atshlson ..;." z, No PotlnG ovto M M