The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-11
YlNANoE Az MADE
tbs Features OF The Money aud stock
Markets.

4 S7is for demand and at 81 S6Nd4 SssS
for 60 days. Posted rates 81 S7Gi s7l5
and 81 Ssdt 50. Commercial bills 81 SbN.
Silver certificates 6ONG6O%c. Bar sill
yer COHc. Mexican dollars 47Hc.
The market for stocks to-day showed
signs OF decided strength throughout,
though the dealings continued dull and
prices advanced very cautiously In
spite OF improved prices for Americans
in London. This was supplemented by
some small buying for London ae-
count In this market later In the day.
The excellent crop reports from the
northwest and improved earnings, both
those reported and those runored for
the Immediate future. gave an impetus
to the buying OF railroad properties 10
that region. The Changers and Norths
ern Pacific received the most noticeh-
bic benefit from this. st. Paul & Bur,
llngton especially being largely dealt
In. Omaha Jagged in the Improvement,
and showed some continuance of hcnv-
mess, growing out OF disappointment
that no further dividend viii be de-
clarcd this year. In spite OF the
strength Of prices, the market con.
showed no signs whatever Of outside in
tercst.
The exchange situation and the re.
sulting or accompanying gold move
ment continue to mystlfy dealers In
stocks and are an element In curtail-
ing speculation, Further shipments OF
gold are confidently predicted this
week. with demand for sterling cN,
change ranging from 81 SIhdi So. As
an evidence that the gold shipments arc
certainly the result Of the obltteration
OF the tremendous trade balance In our
favor heretofore established during the
fiscal year, the large figures OF last
weeks imports At New York, exceed
Ing SlS.OOOO00 arr pointed out as cons
elusive by those who seek to deprecate
the idea that any special demand for
gold abroad Is responsible for the outgo.
But exports Of gold at prevailing rates
OF exchange leave unexplained the fact
that on the Saturday previous TO the
first gold shipment demand. sterling
ruled at 81 SSaI ssh, after having been
at 81 ssh and upwards on the previous
Monday. and "a SIiSUi S7t the week
preceding that, without inducing ship
ments OF gold In fact. the exchange
houses had determined there was no
adequate prpft for them In gold ship
ments under rate OF 81 sSal for de-
mand sterling
The fact remains that further ship.
meuts are looked Tor and that the fact
has a sentimental restraint on buying
OF stocks. The bears on Western Union
to-day added 10 their stocks OF am-
iu.nition. the supreme court decision
affirming the validity % the Berliner
telephone patent which II Is alleged
foreshadOws opposition from the Bell
Telephone Company In the telegraph
field. The stock led the list In num-
Der Of shares sold nuctuRting irregu-
larry. and closed unchanged Chicago
Gas showed early weakness, hut raj
lied and showed slight net gain SUI
gar also was weak al times, but re-
covered the decline. Consolidated Gas
fell rs per cent on profit taking, but
recovered Baltimore & Ohio lost y
per cent on small dealings. The coal.
ers showed sharp fractional gains, no.
tably Reading. but partly lost the adj
vantage, Lack1wannl receding to be-
low Saturdays close Tennessee Coal
was heavy throughout, losing 4 per
cent net, Burlington showed the eX-
IRENE gain OF n point In the Changers,
Covering by shorts forced Tobacco up
ana the crop N per cent, and the
same cause yielded Leathe- preferred
a net point OF gain. Union Pacific
touched 6k on good buying. and the
Lead shares advanced Ia per cent
each for the common and preferred,
The market closed quiet, but firm,
Trading in bonds was attended with
considerable animation. hut prices OF
the leading issues ranged narrowly.
Quite some decided chauGes were noted
either way in the Inactive low grade
mortgages. The aggregate sales were
81, Sl2000.
Governments were active with the
demand for the new is coupon advanc-
ing the price TO l2G on transactions
with 1924 bid on the last call. The
total sales were S6l. 900.
The total sales Of stocks to-day were
1881 shares
The Evening Posts London financial
cablegram says:
The feature in the stock market here
to-day was the sharp bear scramble in
Eaillrs. which have been rushed up 20
and % per cent. The settlement dis
closed large bear position. This part
~ accounts for the rise. but the re-
ports circulated ms 10 the German poll
icy In Africa at the moment being aC-
lively favorable TO this country. have.
there are reasons to believe. every
foundation In fact Now that the bear
position has been largely reduced. how
ever, II looks as though III" rise was
too fast 10 rise. stu ! must report a
considerable public Interest and II now
remains to be seen whether the pub
lie are going 10 buy again or whether
they have large holdings TO unload.
The other markets were all buOyant
on the political news Consols were
only y below the highest point ever
touched. Foreigners we're generally
good but the ilatness In Spanish Sc
curities was n prominent exception.
Austria is the only buyer OF gold for
the moment.
The Paris boursc was strong on the
buying Of Kailir5, and the Berlin mar.
ket was firm.
BONDS AND STOCK QUOTATIONS..
New J.. $. g reg .i22s. Nash, 4 cha, g