The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-04
FINANCE AND TRADE
Ths Features Of the Money and stocl
Markets,

NEW YORK, Sept 3--Money on cal
easy at lAG2 per cent; last loan 2 per
cent; closed at l4d2 per cent Prime
mercantile paper 9lagils per cent, ster-
ling exchange strong, with actual bust
ness in bankers bills at 81 S57sai S6'4
for demand and at 81 S3Rdi 81 for &C
days, Posted rates 81 S4A0i S5h and
81 SGIs94 81. Commercial bills 81 s2la
Silver certificates 524c. Bar silver 52c.
Mexican dollars ll9sc,
To-day's market was much more regu-
lar than that OF yesterday, the notable
advances not being so palpably manlpu-
lated and the concurrent profit taking in
other stocks not being on so large a scale,
The market throughout was stronger
and the average level OF prices raised
further than yesterday. There was a
decrease of activity In the Industrial
stock and the dealings in the standard
railroad shares were largely augmented,
| the buying through commission houses
| being conhdeyt, and on large scale. The
volume OF transactions in the Vanderbilt
| group, which played such n conspicuous
part In Yesterdays market showed a
| considerable falling off, but they retain
| ed the sharp gals achieved yesterday
| and In fact. closed tonight higher,
Northwest sold as high as yesterdays
| high PORT but reacted. Blu. the centre OF
Interest In the market was shifted to St
Paul, which sold during the day at 80, a
net advance OF So per cent, and which
crossed Burlington during the day, on
| enormous transactions. st. Paul was
| aided by the statement of the estimated
earnings for the fourth week in August,
| which showed an increase ever the cor
responding week last year OF sos $50.
| The rise was stimulated also by the cir
culation OF rumOrs without definite au-
thOrity that the dividend rate would be
| increased. The statements OF Burling-
| ton for July and Of Rock Island for Au-
gust were also helpful to 81. Paul, along
with all the members Of the granger
group. Unauthorized rumnr had eNag-
gers ted the gain TO be atswn by the Bur-
llngton statement ani the stock, In con-
sequence, failed 70 hsasfit very mater
tally from II, although 81 increase was
shown in gross Of S2S9, 70S and In net OF
S99,3l4 These incidents served to put
the granseH again In the leod Of the
market and their strength helped the
whole list. The rise In ST Pail invited
| pratt taking not only In that stock, but
| all through the list and though n rally
| followed, closing prices were not at the
best. Sugar moved up and down In a
| feyerlsh nnd erratic manner over a range
OF five pOiEts, to a new high record at
1884 and as low as l54ls. TIE Grangers
and many other stocks touched new high
levels for the year. Louisville & Nash
VILE was exceptionally strong all day
and gained polis.s net. Many other
stocks that have been under recent pres
sure OF profit taking moved up to-day.
This was notably true OF the lnternation-
ais. Union Pacific being an exception on
| account of reports that the government
would oppose the foreclosure sale upon
which is based the reorganization plan.
The stock lost fraction. London
| prices for Americans were higher, and
| London bought about 10000 shares here
on balance. Sharp gains were shown by
| Tobacco. Colorado Fuel, Consolidated
| Gas Hooking Valley preferred. 3 per
cent; Detroit Gas, Al; Great Northern
preferred, 4; Illinois Central, LaClede
Gas (the preferred losing over a point;
| Lake Erie e. Western preferred, Lake
Shore. Metropolitan Traction, Mlnnea-
| polls & 81. Louis, New York, Chicago &
st. Louis first preferred, Norfolk &
Western preferred. Oregon Navigation
| preferred. Pennsylvania, Rio Grande
Western preferred. st. Joe g. Grand Is
land second preferred and the Rubber
stocks. The aggregate sales OF all
| stocks appraxlmated 100000 shares, aud
Of these 100000 were Of 81. Paul and $4,000
| Of Burlington.
Bonds were active and higher. total
sales tS.6OOOOO.
4. S. registered IS sold at hex: new
SIS coupon al 1876 and coupon SIS at itii4.
Total sales S25,0OO
The total sales of stocks to-day were
GSO.325 shares.
Evening Posts London financial cable
gram:
The stock markets were quietly steady
to-day, the only feature being the buoy
ancy Of Americans, which are exciting
| Increased attention. The stimulus
comes from New York, but nevertheless
the continued selling here steady
stream Of buying also goes on. To the
| onl0Oker the position Of Americans Il
very interesting. A constant question
among city men, and one which In a
sense will give some clue TO what the
position is, rs the public here once again
| going TO step In az the last and relieve
the United States Of stocks at boom
prlces?"
It Is generally believed here that the
rise will go still further but Spectators
certainly show much caution Prices
closed firm at the best, Amid cheers
| Milwaukee has Just been dealt In at over
par The New York buying to-day was
very large. The discount market here
to-day shows an caslcr tone. II was
rumored that Japan had released some "
| It's deposit money but this IN not true.
The Paris bourge was firm, and the
Berlin market was quiet after dullness.
BONDS AN DsToCK QUOTATIONS..
u g. now Is reg i2Gil ore. Il. & Nav. 90
do CoupOn,..stlN Pittsburgh ...iGg
U, 3. iH,,u,.,".lis Reading ....,.. 2ili
| DO cOupon..., ll3hl Rock lHland~,,, ~
| do 2dg ,..t.,,,, rs 81, Paul st.,,,,s bNis
| u, 8. bs roEn.,liiA do preferred ii5ih
do "a coupon iitAlSt, T.. 4 Omaha SOii
| Pacific Gs OF 'li ,l02 do preferred. lliA
| AiChlHOn ,.u,4. 1924 'SOuthurn phc., %
do preferred ~ Texas A. pnc.. iiil
| nal q Ohinu,... tGla Union pAclilc.. lias
| Can. Pnclnu.4s, i2A wabash ass,.. 81
| can Southern. hsial do preferred gg'l
| Central pncinC. tpsIWhcclE & l., H. gs
| ChoH. A. Ohlu... gN do preferred. M
| Chi a Alton. .iMA Admins ENpfHtHitb
| Chi, Bur q g., GNi American ENwllils
| e. q e. a H. l., gHAIll, \. Express. ~
do prrfrrrOd. so Wells l'HrEOut,lw.
| poi q Hudson. llUih Am NulTltH ... ~