Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-08-01
FINANCE AND TRADE


Money 5 Per Cent.-GOvernments Dull
stocks Lower : Flour Dull = Wheat
Lower.
New YORK, July 3L-Money on call
opened stringent, aftcrward declined ana
closed easier; loans ranged from q per
cent. per diem and interest down TO per
cent. per annum. last loan 8, closing oner-
ed at g. Prime mercantile paper at oalS
per cent. Sterling Exchange at 4'Sa%ol7S'
Silver certificates unchanged.
GovERNMKNTs-Dun
Fours Registered. ....................lV S
Fours Coupons. 49,. 1899. '.'..-'.-A 0e,
Four-and-a-half Registered. ........ s51S
Pacific Skies Of 95..................I luz
SrATRs-Dun.
RAILROADS - Weak and lower; sales
STocKs-The week opened with great de-
pression on the Stock Exchange me
hears were in full control OF the marker,
owing to a decline in American securities
!, T0ndon. the reports OF financial emoar-
easements in Chicago, the further break
in wheat and the difficulty of obtaining
time money. Call loans here opened al
&c per diem and interest, and there
we're apprehensions Of squeeze. Inc
active stocks Welded anywhere from
| IN five per cent, the dividend and non
dividend paving shares suffering alike.
Among the sDecialties Pullman broke nine
and American Tobacco z. There was very
little support from the professionals luen-
titled with the bull side OF the Market anu
IL was not until the shorts attempted 70
borrow stocks to make deliveries thaG any
decided change occurred. Wnen the oe'
mand to borrow set in it was found that
iva Gfn
eral Electric and New York
Central. commanded anywhere from
! 10 u per cent. per diem for use, and
disposition to cover soon manifested Itself
In the meantime the engagement OF 81 ,OOO,,,
OOO gold for shipment TO New YORK ana
about S75O,0OO 10 Chicago was reported
from London, and the foreign advlces were
To the effect that further amounts would
probably be shipped this way dur
ing the next few days These ad-
vices were corroborated to some ex-
tent by the heavy export demand
for wheat following the break 10 the price
Of the latter. The announcement that Tue
New York Clearing House had Issued o.
$50, 900 loan certificates had comparatively
little effect, 1t being understood tost IL
was for the purpose or assisting golo Iin
portations. There was an active invest
ment inquiry for stocks throughout the
market, and the execution of these orders
assisted the late recovery. The advance
from the lowest figures OF the Gay
was equal to l to per cent. Sales 3oo,oOO
shares. Quotations closed bid
Atohison, 1917; Adams Express, 100;
American Express, 100; Baltimore and
Ohio, 81; Canada Pacific. 81; Central
Pacific, 1917; Chesapeake and Ohio, 1874 {;
Chicago and Alton, 100; Chicago, Burltng-
ton aud Quincy 7ll4; Delaware and Huo-
son, lO5JS; Delaware, Lackawanna and
Western, 1901; Denver and RIO Grande
preferred 279I Erie, 81 do preferred, 70;
Fort Wayne, $40; Illinois Central, $50;
Lake Shore, lO71<; Michigan Central, 20;
Missouri Pacific, 1755 Norfolk and Western
preferred, 20; Northern Pacific, 5; DO
preferred, 2O15: Northwestern, S91S; do.
preferred, $50; New York Central, 9I%;
Pacific Mail, 914; Peoria, Decatur and
Evansville, 81 Pittsburg, $40; Pullman
Palace, 1861; Reading, u; Rock Island,
542I; ST Louis and San Francisco first
preferred, -; st. Paul, so; do. pre-
ferred, 1929 Tennessee Coal and Iron, u;
Texas Pacific. 5: Union Pacific, Is;
United States Express, 40; Western Union,
72L: Wheeling and Lake Erie. IL; do.
preferred, 3416.
Mining Stocks-Cholor- Crown Point,
90: Consolidated California and Virginia,
100; Deadwood, 100; Gould and Curry, 20;
Hale and Norcross, 25 Homestake, 6S716;
Independence, -; Mexican, 20; North
Star, -; Ontario $50; Ophir, 80; Ply
mouth, 20; Sierra Nevada, 30; Standard,
no; Union Con-, 20; Yellow Jacket, 25;
Iron Silver, 10; Quick Silver, 200; do
preferred, 1900; Bulwer, 20.