The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-13
FINANCE AND TRADE
Tbs FeatursS OF ths Money and stock
Markets.

i AZ
easy at lNqlIa per cent; last loan ~
per cent, and closed offered at lhQlh
per cent. Prime mercantile paper 3l9
| "a per cent Sterling exchange steady
| with actual business In bankers bills
at 81 S7AGl4 S7Ia for demand, and 81 S6h
| "a S6is for sixty days. Posted rates
81 S7Qi S7ls and 81 SSgi 50. Commercial
bills 81 S5lE. Silver certificates 6Ohg
Gle. Bar silver 60i5c. Mexican dollars
| I7Ac.
To-day's market for stocks was al
most repetition OF yesterdays, what
ever strength there was generally man
Tested. not outlastinE very long the
close OF the London exchange and the
strength reflected from there. which
was. however less marked than yes
terday. London was alsOagRin Il pur-
chaser OF securities III this market,
| though not IN so large volume as yes
| terday. Some purchases We're also said
to be for Holland account. The stocks
| bought by the foreigners were Union
Pacific. st. Paul and Louisville & Nash
vile. also Norfolk & Western. The
selling movement in Sugar and Chicago
| Gas became heavy later In the day,
Sugar being gold on reports OF jeopardy
to the sugar schedule OF the amended
tariff bill. and Chicago Gas on reports
OF the unlikelihoOd that expected ben
efcial legislation could be enacted In
| Illinois This caused such sharp de,
clIncs In those stocks that the deprcs,
sion spread by sympathy through the
list. The dizziness OF trading was Ia
| part due to the expected announce
ment OF further gold shipments. but
! these were not forthcoming beyond an
Increase Of only $4,000 by house
which had already announced S50O,00O
hV gfAuF1sF Whnfpyp
shipments may be MADE by Saturdays
steamer are now expected to be small,
as was foreshadOwcd last night. There
| is. in fact. very light demand for ex,
change. and no announcement to offer
bills against gold II Is evident that
very small quantity OF these would
| break the exchange market below the
profitable point for gold shipments.
What shipments may be forthcoming
on special orders from Europe OF course
remain open TO conjecture. The consld-
cradle purchases OF our securities by
London yesterday and to-day has n
tendency to weaken exchange. An In
crease in the exports from the port Of
| New York for the week OF $l.5iO.2 $50.
somewhat offset the enormous imports
OF last week. and the government re-
ceipts from customs from day to day
show that this weeks imports Will
hardly reach anything like last weeks
figures. on the other hand. New York
exchange on Paris shows tendency to
harden and the Paris rate on London
declined slightly again to-day. As n
result OF the upward movement or
stocks to-day and the subsequent reac-
ton. net changes are for the most part
very narrow. The restricted character
| Of the market Is shown by the fact that
Sugar and Chicago Gas absorbed over
one third OF the total dealings and as
these two stocks were notably. depress-
| ed, they constituted an effective drag
| on the market. The fore Ign purchases
| OF stocks were estimated ut from 1900
to 5000 shares. The decline in Sugar
reached IL per cent with rally OF y
| per cent. Chicago Gas fell l3s per cent
| but the net loss was only Il per cent
| There was little OF Importance in the
| movement Of railway shares, but the
| reaction in the market carried the list
generally to a fraction below last nights
| close. Union Pacific was an exception
| and advanced IL per cent to ~ on for
elgn buying. Oregon Navigation pre-
ferred enjoyed n further rise OF two
| points. Standard OIL liquidatinG certi-
ficates sold to-day at SIS.
The bond market maintained firm
tone generally with purchases for for.
/ elkn HICOuILd ukuAA AlukEAs HNNkAAA1 "a
slight fractions were generally made In
the LEADING issues with the speculative
liens absorbing the bulk OF the deal.
lngs. improvements OF lG2 per cent
were scored in some OF the inactive mid
| die grade stocks. The aggregate trans
| actions were $l,l25000.
Governments were dull, but hard
enIng tendency was apparent in the
new tours. The sales were $500
Evening Posts London financial ca
blcGram:
The stock markets were quieter to-
day with reaction In some OF the
speculative stocks which have recently
advanced so sharply. The tone. how
| ever. Is still distinctly firm.
Americans were quiet but firm with
some exceptionally good buying, nota-
bly, OF Central Pacific. Norfolk & Vest
ern and Union Pacific. The close was
steady In the street. but there was no
business doing. Brazils were better
again and Kaiilrs were good
There was sharp rise in Peruvian
stocks on a reported contract signed by
French syndicate with the Peruvian
government for loan Of El,000.OOO II
IL believed that satisfactory arrange
ments VIII be concluded for meeting
the Peruvian corporation bOndhOlders'
claim on the government.
The Paris and Berlin markets were
firm.
BONDS AND STOCK QUOTATIONS.