The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-07-28
FINANCE N TRADE.
The Features OF the Money aud Ste
NInrifala.

The Features OF the Money aud Stock
MARKETS.,
NEW YoRK. July 26.-Money on caii was
active, ranging from 6 per cent per mum
n per cent per diem and interest, last loan G per
cent, closing offered at & percent Primo NOR
camille paper SGl9 per cent Sterling exchange
heavy ut sisOEais So Silver certificates were
neglected and closed at 7la72c. Total sales 1879.
OOO shares.
The day opened at the stock exchange with
renewed depression, and a sudden drop OF I
points In LlCkawanna TO III created no little
tncasiuess, az n repetition OF yesterdays heavy
lluuidations, with possible failures, was feared
In stock circles. General Electric, Consolidated
Gas, Chicago Gas, American Sugar, Canada
Southern aud q few Others sustained losses OF Ia
az pCr cent, but speculation soon quieted down,
when II was foHhd that there was some support
to the market The strength OF the London
market and liberal foreign buying orders tended
to restore confidence In d measure, but the bears
renewed their raldS ut every opportunity, and
the result WINS some most crrnttn movements,
prices advancing sharply ono minute and then
breaking badly tho next
II was noticeable after the 1rst hour or so Of
business that the market resisted the ATTACKS
upon II with Increasing force, aud later 1t BE-.
came evident TINT an accumulation OF stocks
was In progress by strong houses and individual
operators. The really important movement Of
the day occurred utter delivery hour, when all
htOCk UAClnnEO HOUSES uNNluH Eulu AuIOlEn
without trouble, the shorts made a regular
DCrumblc 10 cover. The street hOnycd q sigh Of
rClici whom II was found that there were TO be
40 failures, and was greatly encouraged By the
steps taken by some OF tho Dankors In Connec.
tIOh with clearing house banks TO Import u lnrgc
amount Of gold In tho Immediate future. The
probability Is that at least s3lOJ0,OU gold VIII no
shipped from Europe on saturday to this side,
the low rates OF exchange making tho operation
feasible Tho foreign purchases OF stocks wGEO
estimated at 1000 shares, and tho Investment
buying OF small lots for homO account wns on n
larger scale than for many years. Tho Inter IN
regarded US tho most important, lhustnlich As /
brings ready money Into tho street, h Rd'
vance IN prices from tho lowest was equal to Ia
Il poluts, the latter In Eyansvlllo& Totto Haut0,
which sold up 10 20 aud closed at W Lgckn-
wanna rose 81, Manhattan y, Consolidated Gas
~, New York Central, Lake Shore aud Alncri'
eau Cotton oil preferred o., Canada southern,
Northwestern, load preferred, Mg Four, Omaha
mud Erie preferred 0, American sugar, Chicago
Gas aud Western Union ~. ~ Paul ~ Pull.
man T. darlington q quincy 1Je. General Elgc.
trio, Louisville & Nashville "a, Rock Island "a,
National Lend and Sow jersey $ aud Missouri
Pueblo ~ por cent, In the final trading there
was u reaction Of a to u per cent IN n few In.
stances, but speculation closed itm In tone.
Tho variations IN railway bond prices tO.dny
were unusually Wide. The closing Oul OF loans
carly In the day accounts for the heavy doolluOs
noted. Transactions el,2GI0Ol
Government aud state bonds dun.
noSus AND srocK ovorArtoSs-Sto'Eb nn
~ q A. %, tO4tZtNashv villa a Nhnlt i III