The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-08-21
FINANCE n TRADE
Tho Features OF the Money and StocI
Markets.

Markets.
NEW YORK. Aug. 20.-Money on call
ttrnlcr ut 3iadGi per cent; last loan az
per cent; closed at $500 per cent. Prime
mercantile paper nominally 7QlS per cent.
Sterling exchange iirmer, with actual
business In bankers bills at 81 SIitG
. SON FOR demand and 81 $1,000 SIX for
90 days. Posted rates 81 S5Gti 81 and
- SGl2Wi s.. Commercial bills s. S%at.
Bar silver GGisc. Silver certificates C6Is
96Tc.
To-dny's stock market disappointed
the owners and holders or securities who
had pinned their faith to decided i'm
provcment in prices us u result OF the
beginning OF the return flow OF gold an
nounccd yesterday. A further engage
mont Tor import to this country OF $780,
900 was made to-day, and there were I'M
confirmed rumOrs OF buying of addition
al heavy imports impending within n
day or two. II was announced that the
bank presidents. whose conference was
reported yesterday. had decided that
concerted ac:lon IN secure gold from Eu-
rope was not called for In the existing
circumstances. As Usual In similar con-
ditinnS the street was furnished with 4
considerable amount OF ingenious but
unaulhorattve data regarding the pros
pcctivc importation Of the yellow metal.
In well Informed circles the Impression
prevailed that the Imports OF gold were
for the express purpose Of RffordInE
much needed financial relief to the mcr-
Cantii" community. There was also 4
conflict of opinion among experts rs to
whether the $1,000, COO engagement of
MessrS. Lazarl FrercJ was or was not n
"Snncih" transaction.
1t Is unquestionablc that many bus!-
ness men have Recently found II difficult
10 secure monetary accommodation, as
IS evidenced by the successive reports OF
me curtallment of industrial activity.
Although not a matter OF record, 3 Ter
cent was paid In several instances to-
day for money by merchants. and bank
Ing houses reported applications by GUS
toners for money wherewlth to buy ex-
change. Conservative merchants be-
lleVe, however. thar most OF the weak
concerns have already been wcedcd out.
transactions in commercial paper were
reported nj / per cent rs against noml-
nal figures OF SIl2 per cent quoted yes
tcrday.
The market vas only moderately nc
tive and prices moved irreguIarly with
a persistent downward trend. The
fluctuations were In many instances
quite marked. The traders were bear
1900 lN'NN 'A ANAulll VI Civ lhllule VI
the London marckct to respond to the
Improvement on the local exchange yes
terday. Reported further cutting Of
railroad rates. n StifTcninS in exchange
ilgureS and estimates Of n heavy de-
crease In the reserves Of the associated
banks on Saturday contributed TO de-
press stocks. The opening was quiet
and irrcgularly weak. with the varia-
lions u"nimportant aside from the Mis-
souri, Il Pacific. which, advanced X per
cent n Western Union. which sold of
y per cent. The bear traders were en-
%couraGed by the speculative apathy In
the late dealings, and made an en'cctlv.
drive all along the line. Marked de-
preston occurred In the final hour. The
losses ranged from li1i. per cent, par
ttcularly In the Changers and Tobacco.
The closing wa at the lowest Mt sub
stantlal net losses throughout.
Railroad bonds were irregular with
the fluctuations extremely wide In many
issues. The tendency of prices toward
the close was downward. The sales
We're $53S. 600.
Silver certificates were steady on deal
lngs OF SIS, 900.
The total sales OF stocks to-day were
167 ,Sai shares.
Evening Posts London cnhlegram:
The activity In the stock markets con-
tlnucs to center In kafirs. Germany
was buying. but the market closed easier
on Paris selling. The other markets
wcrr fNaturelcss and dull. the uncertain
ty In the American situation p~aralyzing
business.
Americans were well under the parity
with no business doing. the disposition
here being to regard the shipments of
gold to New York, evidence OF the CRAWL
y at tnc financial position in the United
States.
The Paris and Berlin markets were
flrmcr.