The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-25

THIS Features OF the Money aud stock
Marheia.

NEW YORK, aug, 24.-Money on call
easy at 1dlh per cent; last loan III
per cent; closed at 1@lA per cent,
Prime mercantile paper 3%df4 per
cent. Sterling exchange weak with ac-
tual business in bankers bills at 81 s5A
IA S5is for demand and at 81 $3.50
4 S3ls for 60 days; posted rates 81 Sil4qp
4 s5h and 81 s6lsQ4 81; commercial
bills 81 S2G4 seq. Silver certificates
52lsc, Bar silver 5lAc. Mexican dol
lars S9isc.
The opening of the stock market this
morning showed lively awakening OF
outside interest as indicated by large
volume of commission house orders
which had come into the brokers oilces
over night and which kept up an am
mated tone In the dealings during most
OF the morning, There was also heaNy
buying for large individual interests
and prices OF some stocks topped
the years record, The preferred stocks
of reorganlzed companies vera Qulte
prominent, and the shares OF southwest
ern roads were notably strong and con-
tlnued firm all day. The gransers were
leaders In point OF activity and strength,
but realizing sales We're heavy at
given point In their advance, forming a
barrier. The course OF the wheat mar
ket was watched with sympathetic inter-
est. So far as Its decline was due TO re-
futatlons Of crop damage rumors II help
ed the stock market But when the
cable brought news Of break In Eng
land and q decreased demand tor wheat
railroad stocks responded with I sympa-
thetlc decline, The falling Off In prices
OF American securities in London was
Ignored at the opening here, partly be-
cause It was attributed 10 the settlement
which begins tomorrow. But later IN
the day, the cable reported the London
market heavy on the tenor OF the news
from India, London advces also report
ing that the continued fall In silver Is an
unsettling influence In that market, Sill
yer to-day fell u penny in London to
2SM pence, which Is X penny below the
previous loves. price, A small With
drawal OF gold from the sub-treasury for
shipment to Canada might be counted
as slightly depressing influence.
The continued ease in the money mar
ket Is not indicative OF lively demand
for funds from the interior, such as Ia
looked for In a period OF business revival
and while call money at per cent Is an
Incentive to speculation, as an index of
business awakening It Is regarded as dis
tinctly disappointing At the same time
lenders of money are In expectation OF an
early demand upon them for interior
trade needs and there has been some adj
dltlonal accumulation of funds here re-
Gently in anticipation of such demand.
Leather preferred was notably weak on
account OF disappointment that the divl-
dend rate was not increased and last rs
per cent. Cotton OIL preferred on the
other hand was strong and gained IN
per cent net. Illinois Steel fell Off III,
National Lead advanced ~ per cent,
mostly late In the day. New York, Chi
cago & St. Louis first preferred fell off 2
points. Most OF the active stocks show
ed fractional net declines, but there were
gains scattered all through the list eX-
tending to a point In Chicago, Indiana
polls & Louisville preferred, Cleveland
Cincinnati, Chicago & st. Louis, f. & p.
NJ. preferred, Laclede Gas. Lake Shore
and Oregon Navigation pr"le"red. The
bond market was strong AMI firm
against the decline, the Atchlsnn issues
leading. The total sales of horI-t were
$2,S5O,0OO
The total sales of stocks tO-day were
i125SO shares.
The Evening Posts LoHdon financial
cablegram:
The stock markets were irregular to-
day Consols and kindred stocks were
weak on India news and Katfira were
dull The settlement shows a small ac-
count, but cnntangoes were fairly high.
There was further improvement In
Brazlls on the rise In exchange. The
coffee crop is good and New York Is said
to be specializing in coffee.
Americans opened firm, and remained
strong for the greater part of the day,
but the close was easier in the street.
Atchsons were especially good. OF the
foreign buying, very little was English.
1t Is difficult 10 say whether stock will be
scarce Tomorrow, but know as fact
that aFbItrags houses have been endenY-
orlng to-day to borrow stock right and
left
The discount market here is flrmer on
the eve of the stock exchange settlement,
which causes banks to refrain from taxi
Ing bills. Although the current rate Ia
ia per cent, forward business is done in
American bills to arrive ten days hence
at IA per cent.
The Paris and Berlin markets were
quiet
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