The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-07-23
YIvAEcE AND TRADE
The Textures OF thr Money n,d Stock
nfnr,t,ty

|
Hs markets..
NEW YORK, July o. Money on call
easy ut 9fi2h per cent; last loan per
cent; closed offered at per cent Prime
mercantile paper 600 per cent Sterling
exchange steady, with actual business
IN bankers bills at SISSY for demand
and 81 SS@i SST for sixty days. Posted
rates. 81 SS}4Gpi SOH, Commercial bills
NS7 Silver certificates G0ac.
The stock market to-day, although at
times characterized by slight ilrcg-
lllnrIty, displayed cumulative strength
ending In positive buoynncy. The vol
ulho OF business decreased by about
| nle.thirl rs compared with Tuesdays
totnl, nut The dealings were better dis
trInnteu, The considerations bearing
| upon prices were varied, but with tho
| pivotal Influence the CnmprchcnsIvc
| lIanS that are being formulated for
the protection Of the treasury gold re-
serve ana resulting In rCstnra ton of
confidence as to the financial outlook.
ihc opening wan active and mntcri-
any higher on local and foreign buying
Tor nolli accounts. an the progress mndc
by the banks In securing pledges or'de.
posts of gold for the sub-trcasury nnl
a strong market for American sccuri-
TIES In London, The early successive an
| Inducements Of engagements OF gold
Tor shipment bystO-morrOW's steamer,
nggrcgating $1,000 600. with feeling OF
doubt entertained In some cases as to
tho efficacy Of the Efforts OF tho banks
TO prevent the rapid exhaustion Of the
treasury free gold, induced rcalizatlOns
ana encouraged the larger bear leaders
10 attack the list. Prices reacted in
most instances, the losses ranging up
"a Tx per cent In Leather preferred.
IN" other inIuStrnls and grangcrs sur
'ercd to the extent Of important frac-
tionS Up 10 near midday the market
remained fcvcrish, although the only
important further loss was In New Jer-
scy Central That stock suddenly broke
"a per cent to SIN, rallied to 20 and re-
acted tractiODnlly from that figure.
Close to noon. however, rumors became
current or !MpcRding important devcl-
OnmcntS on the bull side and finally II
was learned that Il meeting OF all Of the
representative gold shipping Interest
had been called. TO take place Mt noon
NJ the Office " j. +. Morgan & Com
pany. Considerably reports OF mn au-
thorltatlyc character obtained clrcula-
ton 10 the effect that the results OF the
| missionary work OF the leading bank
| presidents for the maintenance OF the
| gold reserve. would be more successful
than had hitherto appeared probable. a
| general upward, movement occurred not
onlH In stocks but in the bond market.
| where some sensational declines had
taken place, and prices were carried In
som" cases to the best figures OF the
| forenoon. \ considerable amount Of
buying for long account was noted, as
vel! as extensive covering OF shorts.
The market continued firm In tone
| though without special change In prices
until about o'clock. when 1t transpir-
ID that the foreign bankers conference
hod been adjourned after the appoint
mcnt OF n committee 10 formulate n
| plan. the outlines Of which had been
agreed upon, providing Tor temporary
cessation OF gold exports.
NcTE!rE upon the close OF the hour
| came also the Information that the
| banks had begun to deposit gold at the
Sub-trcasury In large sums and that
an aggregate OF at least $1,000 600 would
| be made By O'Clock. The corrected
| statement Of the deposits placed the
| total for tho day nj sI.750,0l0. Under
tftc cumulative influence Of tho devel-
| oDmGnts noted, the market became ex-
| trcmely buoyaat and wholesale stam-
| ped" Of shorts occurred, carrying prices
| up from one to four per cent in the lead
Ing shares, The close was the top notch.
| The bond market failed 10 respond fully
10 the late aggressive strength in the
stock speculation. and, although mark
ed improvement was recorded In the
speculative issues kaavincss was dis
| cernub!e In the usually inactive mort
| cages. Missouri Pacific Trust fves' and
Collateral hves'. dropped 9fTs and .
per cent. respectively from the last pre-
vihus sales, made some time since and
the coNsoi flves' lost per cent. Other
| important Losses were: OhS1 Southern
dcsts and Virginia Midland General
| flvcs and Nashville & Chattanooga
| tlrstS Al: Toledo, Peoria & Western
!irSiS declined ~ with q subsequent
rally o! . per cent. The more note
| worthy advances were: National Starch
tirsts. J per cent: st. Paul, Lacledc and
| Davenport hvcs' per cent: AtchlSon
adjustment fours' ~ and general tours
l and Chicago & Northern Pacific flves'
lis per cent.
The sales were Sl,079O00.
Governments ruled firm and slightly
higher in somC cases on dealings of
Sl5l. 900.
SILVER certificates were In demand
and rose to G92.c on sales of $4,000.
Evening Posts London financial ca
| hlcEram:
The stock markets to-day were quiet.
! but Nrmer. There was less alarming
views here to-day as 10 Americans and
n good deal of money was paid for the
call OF Louisville and Milwaukee.
The Paris bourse was unsettled by
preparations for the Russian loan. The
| Berlin market was weak.
STOCKS AND BOND QUOTATIONS.
New U. s. 81 registered .................ll97.
New L. S. Is coupon lisa
| L. $. 81 registered ....................".ll0
| L. s. So coupon ............".".."...."""ll
| u. s. Is registered ................ lhts