The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-31
FINANCE AND TRADE
The Features OF the Money aud stock
Markets.

NAs5 a. A4A14 per cent lA9A AStaH - -
cent; closed at lGiA per cent. Prime
mercantile paper 9ltG+ia per cent ster-
ling exchange firm, VITA srtual business
in bankers bills at 81 s5ss for demand
and at 81 s3%6l sSh for sixty days.
Posted rates 81 sils64 $50 and 81 SstG
4 81. Commercial bills 81 50, Silver GER
tlacates 52G5Sc, Bar silver 52lsc. Mexi-
can dollars axe
The stock market moved up this
morning and down this afternoon, weak
ess being due apparently to heavy pro-
ht taking in the grangers which had
moved up buoyantly in the morning.
Chicago, dreatwestern suffered most Sc
Verely from the liquidation and shows
net loss of II per cent. Omaha showed
continuance of Saturdays strength,
and moved up ~ per cent above Sat
urday's close, but lost 1t all. Rock Is
land alone of the group closed fraction
ally higher. The selling movement In
the grangers affected the whole list
more or less,and many prominentstocks
closed below Saturday, after having
been materially above at one time dur
ing the day. Some of the recent specu-
lative favorltes had achieved so large
an advantage that the decline left them
something to the good and Missouri Pa
clfic closed at the best with net gain
OF ~ per cent, Wabash preferred after
an advance of ~ per cent closed with
net gain OF IL per cent? and Chesa-
pealie & Ohio closed Is per cent below
the top, with net gain of nearly q
point. Atchlson preferred Western
Union and Union Pacific also showed n
fractional net gain, These are the nota-
BILE exceptions to the general showing
OF net losses In the list OF active and
prominent stocks. The group OF Iron
and steel properties were al strong, I'LL
nols Steel, Colorado Fuel, Minnesota
Iron and Tennessee Coal closing higher,
the latter two to the extent OF over a
point. Their was also some remarkable
gains shown In the inactive list, notably
Lake Erie g. Western. The common
stock OF this railroad rose three points
and the preferred 1&. Pittsburgh, Gin
cinnati, Chicago & st. Louis preferred
also rose two points. In the Industrial
group National Starch shares sold
point higher. the first preferred five
points higher and the second preferred
ten points higher. Leather preferred
sold up and then sold down and Sugar
Huctuated In an erratlc manner over a
narrow range. Local gal stocks con-
tinued strong on account of the propos-
ed consolidation OF interests involved.
Lacknwanna dropped three points on a
single transaction, although the coalers
as n group, were quite firm. The days
market was almost wholly technical, the
news continuing entirely in favor of in
crease OF prices. London prices for
American came somewhat lower. but
improved during the day, without ap-
parently having the slightest effect on
this market one way or the other. The
buying was on n large scale by proml-
nent operators, supplemented by execu-
ton OF commission house orders, and
the selling was to take profits, the IL
quotation being encouraged also by
some talk OF damage TO the corn crop.
Railway bonds were strong and gen.
orally higher and suffered less from
the reaction than did stocks. Total sales
S3,5OOOOO.
United States bonds were bid up 10
Y per cent all around.
The Evening Posts London financial
cablegram:
The stock markets were irregular to-
day and many stocks were rather dull
because Of dearer money. Katflrs were
also dull Americans were booming the
small prices, shares leading and the
close being at the top. The same fea-
lures stlll characterize the market here,
the old generation selling and the young
generation buying. All depends now,
probably, on whether New York will be
able to sustain the markets until the
former class stop selling.
Speyers issue the particulars of the
extension OF the Central Pacific first
mortgage gold bonds. LUZ Sperellissen,
of Frankfort, and the Deutsche Bank,
OF Berlin, are cooperating with them.
The Banbury committee on the Central
Pacific also issue n circular calling for
shares, and stating that August Bel
mont, John G.. Carlisle and George Cap
pell, will cooperate In New York.
Gold is in strong demand AZ 77s 11ied.
Russia Is the chief buyer at the mo-
ment, exchange favorIng shipments of
gold
The Paris bourse was dull on the
commencement OF the monthly settle
ment, and the Berlin market was
steady.