The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-03
FINANCE AND TRADE
The Feature. OF ths Money aud Stock
Markets.

Markets.
NEW YORK, Aug. 2.-Moley on call
easy at lalH per cent; last loan per
cent; closed offered at per cent Prime
mercantile paper SGi per cent. Sterling
exchange easier, with actual business in
bankers bills at 81 s794 s7l: for de-
mand and at 81 ssG+ ssli Tor sIxtg
days. Posted rates 81 S7G4 s7l5 and
81 ssa4 SSH. Commercial bills 81 S5E
Silver certificates 5sil95sh, Bar silver
57Mc Mexican dollars 45hc
The market for stocks to-day display
ed an irregular tendency at times, but
the net result OF the days trading was
general average gain extending all
through the list, 1t was the general
outside interest In the market shown by
the purchases made by the commission
houses that checked the slight saggins
tendency which developed At some po-
tents In the list, The professional bear
operators who are constantly watchful
for the reaction which they think must
come after the long upward course OF
| the market, made some attempt 10 take
advantage OF this sagging tendency and
| 20 extend the weaknesses through the
list. But they soon retired from the
field. Some reports of crop damage
gave the ground for q selling move
ment IN the gTangers and also In Ne
Southwesterns, but It was short-llved.
The commission house buying which
sustained the general list, was supple
| mented by the large buying In indlyid-
ual stocks inclied by special causes.
Consolidated Gas continued TO show the
aggressive strength which has charac-
| terized It recently. This strength is be-
| lieved to be connected with the ap-
| preaching declaration OF a dividend,
I other local gas securities failed to de-
yelop activity or to show any sympa-
thetlc strength. Chicago Gas, however,
continued It's upward course and It's
price made the long predicted passage
OF the par mark, selling as high as l00b,
This Is q new high price record, the pre-
ylous highest price, 99M, being made sew
| eral years ago. but only momentarily
| maintained. The Northern Pacific pre-
ferred stock was also q centre OF
| strength, due 10 the belief that the vot-
ing trust had agreed upon n mode oil
harmonious adjustment with the inter
ests In sympathy with Great Northern'
The price rose 1Bc, but reacted partial
ly on account OF the difficulty IN secur.
| ing any authoritative confirmation OK
the very explicit reports set ailoat re-
| gardIng the choice OF the new president
| A number OF the industrial stocks
were especially strong. notably Sugar
and Tobacco, the former showing re-
cuperation from its depression Of last
week, and rising sharply on short COW
| erings. Leather was also prominent,
| The Ernngers effecuaiiy overcame the
early attempts at raid and developed
strength. Chesapeake & Ohio was
| strong on the statement OF earnings
| The weakening OF the exchange mar
ket was the refutation OF bear rumors
| that further heavy gold shipments Were
to be made this week. The gains which
were general, extended to Il point OF
over in Sugar (31a); Consolidated Gas
| 51k; Chicago, Indianapolis & Louisville
| 2H,; Ann Arbor 2; Western Gas 2la pei
cent, and Tobacco, Cotton OIL. Brooklyn
Rapid Transit, Cleveland, Cincinnati
Chicago & st. Louis, Chicago Gas, I'LL.
nols Central. Metropolitan Traction and
Ann Arbor preferred.
The noteworthy declines were LacledC
Gas ~: East River per cent, and
Missouri Pacific fraction.
Business continued In large volume In
the bond market, the speculative issues
absorbing the bulk OF the dealings
Kansas Pacific ceRsol showed rise Of
2 points The market generally showed
decided strength. but realiZations caus-
ed heavy tone IN the AtehisoR mort
cages. Sales were S2,95O,OO0.
Governments were dull, but firm on
purchases Of $1,000.
The total sales OF stocks to-day were
3s9,965 shares.