The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-08-27
FINANCE AND TRADE.
Tho Features of the Money and Stock
Markets,

Tho F0nturOs OK the Money ana STOCK
Markets.
Srw YoaK, August 25-Money on call easy at
per ccnti last loan per cent closed at per
cent. Prime mercantile paper 3aSh pct cent.
Sterling exchange dull aud easy, with actual
business IN bankers bills Of s. S6Aai s6H for
demand aud s. 6l1Sai 81 for sixty days: posted
rates, 81 SGa4 81 and 81 STAT S.. commercial
bills, 81 SIkat Sly Silver certificates, GS1%c
hid. Lar silver. CSC bid. Mexican dollars,
52ISc Tho total sales Of stocks to-day were
1000 shares.
With tho exception Of brief period Of firm.
ness at the opening OF business mud In the inal
trading, speculation on the stock exchange to-day
wus heavy IN tome. and the transactions resulted
IN the establishment OF lower range OF values,
DIstlllIng The chief Interest Of the market
was CeItercd III Dlstilllng. tue sales OF which
were very heavy. There wins good buvlng IN the
stock In the early dealings, aud an advance oil IA
per cent was recorded In the belief that tho
S UO0 O0O loan had been eIiecled. AdvicCs from
Chicago. however, threw doubt on this point.
As tho sequel proved. this was but part Of the
inside cllques' plan 10 work the market, ana the
scheme worked very successfully, heavy blocks
Of tho stock being thrown OF the market ana
some stop OrIleR being uncovered, the prlce
breaking 81 per cont 10 lgA. Considerable
stock had been absorbed ny the clique M the
way down, aud at the lower figures outside
buyers canL into the market, whose purchases
caused a recovery OF 4 per cent. but th, trading
In the stock was tcvefish, hnu subsequent ~
action o! per ccfstnOk place. with ilnhl rally
Of u per cent, the last price being 314 yer cent
below yesterdays closing figures After the
close Of business the street was Informed that
the eompAHy had secured loan Of between
81. 1000 and g. IhOil0. and that the Illinois
Trust Conn. ny had lAksn pUsEcIion OF whisky
H. bond al Peoria aud Fekn valued at %. 600 t0O.
This removes au unsettled Influence In the
market The hcaviueAs OF the general list was
generally due 20 the hsrrssivH Of tbs ieSdsi Ia
the trading though some Of tho rail- lad IL.
ports received were somewhat favorable.
The changes OH the week arc hearty all IN the
direction OF higher values, the more Important
advances being Burlington & Quincy 81 Paul
& Dniuth, Oregon Navigation. Chicago u faSl.
ern Illinois. Chicago Junction, United States
COrtlagc preferred and Tobacco preferred, ner
cent; do, common, :; Michigan Central, ~;
New York. Chicago & s. Louis, ~; do, inst pre-.
ferrcd. q; Lake ErlJ & Western. ~: do. prefer.
rcd, W; Louisville i ScW Albany, "a Sugar.
2Js; do, preferred. IA; Manhattan and SnSquc-
hanna & Western, .; Cotton OH, 3!e: do: pre-
fcrrrd, .: Wheeling Il Lake Eric preferred, 50;
New England third SrSsiucnt paid ~; United
States Leather preferred, Rubber, "a: do,
preferred. g. Lead pTeie{rcd. ~ Lake Shore,
6la; Consolidated Gas. ~; New Jersey Central.
"a; Metropolitan Traction. ~; Pullman 7, md
National Starch second preferred, 10 per cent
The bond market to-day was irregular oil
moderate volume OF hustuess, The sales aggre.
gated SIS. 0CO.