The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-05
H1NANCg AND TRADE
The Features of tho Money and took
Markets.

NEW YORK. Sept. 4.-Money on call
easier 1t 3a7 per cent: last loan 8 per
cent; closed at 3 per cent. Prime
mercantile paper nominally 7G9
per cent Sterling exchange steady,
with actual business in bankers bills
at 81 S4A for demand and 81 S21sa4 S4%
for sixty days. Posted rates 81 s394 SIiis
and $4S5@4SG Commercial bills
81 Slis. Bar silver 66Ac. Silver certi-
ficates 66t4 d67c.
The stock market to-day was uni
formly strong and a moderate volume
OF business was well distributed. Su-
gar led the list in point OF activity and
gave tone to the general speculation on
the evidence OF manipulation upward
by the powerful inside interests in the
property. London was also a consid-
cradle factor, turing to the bull side
after its recent.persistent selling. Tho
operations from this quarter as we'll as
the domestic dealings had, however, a
strong professional flavor. An encour-
aging development also was increasing
activity and pronounced strength in
the railway bond market on Investment
purchases. The improvement In this
department Is hailed with great salts
faction, being held by the traders to
foreshadow continued strength in the
better class OF stocks. The speculation
II still held in check, however. by the
closeness Of time money In the market.
This market appeared TO move upward
in a fairly buoyant fashion despite the
continued publication OF dIscouraging
traffic reports, business disasters and
the apparent contest between the rail-
roads In various parts OF the
country and particularly the south and
southwest, to see how much money can
be thrown away In competition. The
opening wac stronGyand frnctlonally high
er on the improvement in London quo
tatlOns and covering OF shorts for that
account and for local dealers. The In
ternationals and grangers were In chief
request in the initial trading, with Sugar
and Manhattan also contributing meas
ureably TO the selling. The market dis
played spurtS OF activity and at intervals
large sized blocks OF stock changed
hands. Eventually the highest prices in
the present movement were recorded in
n number OF instances, covering OF
shorts being noted on an extensive scale.
At the high point. foreign offerings APP
pcared and r~ealizations for local ac-
count also occurred. but were Offset by
uA tAnlNl IAlNNAlN Az '"NlAAlihN ~ III
call money rates. Around delivery
hour further fractional concessions CO.
Cured. but In the late dealings, renewed
strength was displayed. The extreme
gains ranged from / TO 3 per cent. The
market closed strong at moderate con-
cessions from the best figures OF the day.
Railway and miscellaneous bonds were
strong and active, with a number of the
usually inactive issues figuring in the
dealings. The gains were material In
most cases and ranged from l to 4 per
cent. The sales were sl,37s.000.
Government bonds were higher all
around on transactions OF 800. 900.
Evening Posts financial cablegram:
LONDON. Sept. 4.-The stock mar
kets were staEnant to-day except for
Americans. which were distinctly bet
ter.
The Paris and Berlin markets were
firm.
The total sales of stocks to-day were
23S. 332 shares.