The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-08-12
FINANCE AND A
The Features, OF the Money and Stock
Markets.

NEW YORK. August ll.-Money on
call firm at sac per cent; last loan 4
per cent, closed Mt 1 per cent, Prime
mercantile paper 6nG7is per cent. Stcr-
ling exchange easy, With actual busl-
ness In bankers bills at 81 S7l594 STA
for demand and 81 S6AIi S6% for sixty
days. Posted rates 81 S7is and 81 IS and
81 S9GEi $751;. Commercial bills 81 81. Bar
silver Csc. Silver certificates GSAI6SiIc.
The curse OF the stock market TO-
day clearly reflected the Intervention Of
aggressive bull leadership and the tenn
per nj the close or business was much
more cheerful than for some time past.
This theory was borne out by the fall
ure of the determined efforts made by
the bears TO emphasize several unfa-
vOrlblr developments. including the
suspension OF the Murray Hill Bank. q
disappointing exhibit by the ST. Paul
for the first week. a recurrence of stiff
money rates and unsatisfactory govern
mcnt crop statistics. London was in
clined to the bull side OF the market,
owing to the smoothnesS with which
the fortn!glstly settlement was pro-
crossing in the American department.
and further weakness In the exchange
plarket Offset the comparatively high
rates for money. Confidence IN an
early amicable arrangement rs to rates
between the southern roads was also
expressed. 4 feature or the operations
was against the execution OF numerous
small cash Investment orders. and In
addliiOa 10 the pool support the mar
ket was strengthened by heavy cover
Ing purchases by some OF the bear Lead
NNa tN-I. - ~ s - al 80 T.. ~
speculative conditions and turned
abruptly. The business was on n fairly
large scale. with sugar and ST. Paul
leading and was we'll distributed. Tia
market opened strong and higher under
the improved London prices and mod
erately extensive purchases by arbi-
TRACE houses. particularly in the low
priced International SharGs,-The gains
extended to sharp fractions, but the
tendency toward Improvement was soon
checked by n vigorous drive by the
bears on the announcement OF the
suspension OF the Murray Hill bank.
For a time this contingent retained the
advantage and offered stocks freely.
The depression was helped by realia-
Ing, but the low point n new and pow
erful element in the speculation became
evident and all offerings We're quickly
absorbed. The unw!eldly short Inter-
est Immediately took fright and under
heavy buying for both accounts prices
advanced sharply all along the line.
The extreme rally extended to 81! per
cen in Sugar. the stock touching l003i;
Tobacco 2.
The closing was at the highest prices
Of the day.
The bond market developed decided
strength on speculative and Investment
Al, rN In gnc fnr lNrol Nd Fnrntr, ,,,,,.
Some Of the hiSh-priCcd Issues failed
to share In the rise. bur the exceptions
were not important. The sales were
1884, 1000.
Governments ruled fractionally high
er for the new Is on purchases Of Sll,-
900.
Tennessee Settlement Is were fcatur-
cd hv Il JUN" ~ A.. per cent to ISL on
dealings OF 1900.
Silver "Grt!!trascs We're steady ut 6ST
for 81. 1000.
The total sales OF stocks to-day were
al, 69I shares.
Evening Posts London cableGram:
Tho more favorable symptoms which
| cahlcd yesterday were fully justified
by to-day's markets. Americans were
firm.
The other markets were more cheer
full.
BONDS AND STOCK QUOTATIONS.
New u. s. Is rcEistcrcd.... -. -. ...llg
New IT,, s. Is coupon. ...... -. 49,. lie
Y. $. ia rcEistcrcd..... ..... -. ......lDS2,
y. ). 81 coupon. .. go. 800. -, ......., l0SA,
L. S. IL registered -. 80. ..... ..... 80 Q5
U. s.. IA coupon, 49,, -. 49,. -. ..,,., lf
u, S. ~ registered. 80. ...... ......,.... 9llE
lncluc Us OF a1..... ...'..... ...... .....lM
Atch'son ....... 49,. ''.'.. .'..'. .... l0h
4 tnOFINu1 t'NDrng4 -..- IGs