The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-17
FINANCE AND TRADE
The Features of the Money and Stock
Markets.


NEW YORK, July ls-Money on call
easy at 1G1A per cent; last loan per
cent; closed at per ceut Prime mer-
camille paper S64 per cent Sterling
exchange steady with actual business
in bankers bills at IS s7G4 SIN for de-
mand and at 81 S6A for so days; posted
rates 81 s7G4 s7ls and 81 SSd4 Ssls.
Commercial bills 81 IS. Silver certlfl-
Gates COZ G60Nc. Bar silver 60kc. Mex
lean dollars 46kc. Government bonds
firm. Stale bonds dun, Railroad bonds
firm.
The stock market, which dropped O
trife yesterday, was looking up a bit
to-day, active securities closing strong
and fractlonally higher. while usually
somnolent low priced stocks were
aroused by fair demand. The mea-
greness of the dealings. however, lndl-
Gated but lackadaisical interest or
cautlousness, II you will. Besides relt-
eratlons OF wheat prospects above the
average, there was further evidence
OF diversified foreign demand for our
cereals, denotlng shortages abroad and
rather confirming the supposiion that
the European requirements for our
wheat will be enormous and promising
remuneratlve prices for both crops. The
unprecedented exports OF merchandise
for the year ending June 30, as set forth
in the overnment,feport,w was a hope
full sign, as was the fact that the high
prices current for active railroad stocks
is accompanied by but little local llqui-
dalton. Prices tended upward In the
early trading accompanied by some ma
nipulatlon in certain cheap speclalties.
The bears received facer when dur
Ing the afternoons dizziness they sought
to precipltate a selling OF the general
list. After brief reaction the market
steadied and about the best figures
were attained in the late trading. Some
general inquiry for investment securi-
ties deprived the market of some OF Its
wonted professional appearances. Su-
gar failed 20 reflect uneaslness at the
clrcumstantlal reports that there was
movement in the senate Itself favor
able to the house schedule, the stock
vacclllating within narrow range for
so erratlc security aud CLOSING az q
fractional advance. Louisville & Nash
Vile rose ~, closing at the top, arbi-
TRACE houses selling small amounts on
the rise.
The advance OF 2K In p. c. C. & St.
Louis preferred and the fractional rise
In the common was eecasloned by the
June statement showing that the net
profit had Increased Sl25,2O3 over the
same month OF last year. The rise OF
AZ per cent, IN East River Gas was ac-
counted for subsequent 90 the market
closing by an official circular nnnounc-
Ing the purpose Of the Equitable and
East River Gas companies to unite as
foreshadowed In these dispatches last
night. Brooklyn Union Gas showed n
sympathetic rise OF point, while Con-
solldated Gas. the only company not
eligible to come into consolidation
lost fraction. American Spirits at
tracted attention by some actIVlty and
gained fractionally for the day. other
stocks that varied a point or more were
Brooklyn Rapid Transit. Metropolitan
Traction Rensselaer, and Saratoga g
Great Northern ., while Rubber pre-
ferred lost point.
Trading In bonds was IN large vol.
ume and there was no abatement of
the aggressive strength that has mark
ed recent trading. Fluctuations were
unusually Wide In some cases and were
principally IN the direction Of higher
prices. Improvements in the more nc.
tive liens were restricted to fractional
bounds but advances among the usually
Inactive securities ranged up to Q per
cent, with Peoria and Eastern nrsts
leading. The aggregate sales were
f2,12O,OOO.
Governments were quiet but decided.
ly firm.
The total sales OF stocks to-day were
1880 shares.
Evening Posts London financial Gu
blegrhm:
The stock markets were qdlct but
firm to-day Americans were strong
and closed at the best, Louisville q
Nashville lcndlnu business In Apcrl-
cans IL gradually though slowly spread.
lng. but still there are tlmld fears Of
sundry outbreaks Of jIngoIsm
South American stocks we're lower
Cold was In strong demand for Austria
at as iiAd.
The Paris bourso was quiet and
aleady. The mld.monthly settlement
has begun. The Berlin market was
steady
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