The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-08-15
sINAvcE N TRAD.


sic fthtNtNN VI tHr NtUltY ann StDEI
Markets. II
NEW York, Aug. ti.-Nloncy on call
ilrmer at S9i per cent; last loan A per
cent; cloEcd at 4 With bids for small
0'noun;3 ranEInE up to ! per cent. Prime
mercantile paper GiaGiis per cent. Stcr-
ling GXclIan%u easier. with actual busl.
ness III bankers bllla ut 81 S7A for dc.
inaud ind 81 SEA Tor sixty huyd; posted
yates 81 S7cb- SNia and 81 SSGtl S0H; COM
mrrcIal hills 81 ssh Bar silver G7Nsc;
silver ccrtitlgataS G7a 6GSiir.
Further relaxation OF the recent ten.
sion regarding the general financial and
business outlook was again evident to-
day. There wng n significant abatement
OF the Into bear predictions, and about
tho only check TO the advancing ten
dcncy Of prices was the execution OF re-
Nllzing orders for both domestic and for.
clgn account. The bears. claimed nj the
close that tho greater part OF the short
Interest Ind been eliminated. and that
the market was full Of stocks. 1t Ii not
reasonable TO expect tho rank aud file OF
the recently converted bulb to hold out
for more than Il few points, ut a time.
Tho exchange market continues To sag.
and to-day actual rates for short and
long bills were reduced to 81 S7h and
81 SGA. lii, addition to the realizing
which characterized the final hour. II
Hurry In money rates, causing a shading
OF fran the best Agurrs. The apeyJEr
rates had been or a parity with the fig
ures recorded durlnE the last few days,
3Qi per cent, bat shortly before , o'clock
bids for small sums. chiefly by bear ira
dcrH, caused rates 10 advance to I per
cent, Small loans were made at that
figure, but large offerings Of funds rap
Idly broke the rntc to & per cent. The
volume of business WAS below the recent
average, but the dealings were relatively
well distributed, aside from Sugar and
ST. pnul, which jointly counted FOR con-
sldcrably over Onc-third OF the negrG-
gate sales. The tone OF the speculation
was confident throughout. and many
stocks touched the highest figures Of the
advance. some OF the gains In the indus
trials and s%pccialties being quite matcri-
al.
The opening was generally higher
despite lower. London quotations and ut
the outset covering OF shorts was the
main feature. \ reaction shortly en-
sued, followed by n resumption OF the
advance and the best rEures of the day
were reached. Sugar opened y per
cent lower and afterwards made an cN-
RENE advance Of 3js TO lOils,
Manhattan sold up Il: to 7Sh, but re-
acted to 1914; Consolidated Gas rose
4% to l43 and other high priced shares
scored substantial gains which were
most marked in the crangers. Western
Union and the industrlals. ranging
from ] TO . per cent. Minnesota Iron
broke . to IS and jumped 6 to 81, a sim
Ele transaction.
In the last hour prices yielded 10 re-
rewrd realizing and the closing was
heavy at net fractional improvements
generally.
Railway bonds were lower In the
early dealings, but rallied later on the
advance In stocks. The sales were
$Sl6. 600.
Governments were strong and moved
up sharply for the new Is on purchaser
Of $4,000.
Evening Posts London financial ca
blegrnm:
There was a general Improvement in
all II" markets here to-day. notably In
KattirS, on the better news from Rhode
SiA.
Americans were flvornbly affected by
the support Of the market in New York.
and by the statement In parliament to-
day relative to the Venezuelan settle
ment. Prices closed about the best. the
rise, however. represents little business
here. One small failure was announced
to-day OF 4 bull operator In America.
It was due to the drop In st. Paul and
was OF no consequence to the market.
rh" ature Of to.day's dealing In Kaf-
frs Is arOus!nE conjc2;urcs rs to wheth-
er that market Is about to break Into
activity.
There are exceptionally large arrivals
just now OF American bills. most of
which nrc apparently directly connected
with the syndicate operation In New
York. These bills are quoted here ut
about 1-l6 per cent higher than other
first class London paper. BY this. how
ever. II must N be supposed that the
quality OF the bills Is called into qucs-
ton. Il simply means thai; they are
drawn upon by very few houses. and
discount houses here. being fairly full nf
such bills. nre occasionally declining to
endorse freely. the result being that
the bills are what Is known as without
recourse" and consequently command Il
slightly higher rate.
The Paris and Berlin markets were
firm IN sympathy with London.
The total 5ales OF stocks to-day were
2Q6. 924 shares.
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