The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-10
rlNANCE AND TRADE
tins FsaiursS Of tns Money aud steel,
AIhFkstL

NNhNAie h"fNA eiaWh ptl NtlAs pANAhHh
exchange steady. with actual business
In bankers bills at 81 sf4 az SIX for de-
mRnd aud at 81 SCI, for 90 days Post
ed rates 81 S7Gi SSla Commercial bills
: S5fi s5ii Bar silver, 6ONc; Mexican
dollars. 4iikc.
Considerably over n fourth Of the
dealings at to-day's short session of the
stock exchange were IN Chicago Gas
and when the sales OF Sugar were add
ed about half OF the total sales were
accounted Tor. The dealings In ChlcaEo
Gas consisted for the most part OF quite
heavy realizing sales and the price suf-
tercd accordingly, although there was
once some recuperatlvc power In the
stock. The loss amounted 10 Ia per
cent. and the accompanying drive at
number Of the specialties constituted a
pretty heavy drag on che market. which
was well resisted In the case OF the rail-
ways. New Jersey Central was subjec-
ted to special pressure and lost IL per
cent. Sugar also sold on u per cent
and Western Union y per cent, The
losses were restricted 10 less important
fractions In other stocks. The strength
developed by Omaha suggested that the
recent selling Of that stock was prOba-
bis by the shorts who found themselves
compelled to cover. Missouri Pacific
was notlceably steady after the Yicissl.
,udes os the past week. and was not
heavily deal In. Louisville & Nashville
usually active stock. only had one sale
recorded To It's credit. which Il fair in
deX II the Saturday dulluess OF the mar
kct outside the specialties. 4 Hight de-
mnnd for the GRANGER shares developed
after the first hour and this, coupled
with the demand from the shorts, was
q
NJ prices ana biinE about Il slight
rally In the narrow market. The
resulting gains. however, did not eN-
tend beyond fractions and the net
changes IN all Cnsses were quite unim-
portant, or outside securities. Stand
ard oil liquidating certificates were
sold at 2l2. an advance OF points over
yesterday. The advance Is acc0mpan-
Ted by rumors as 10 the formation OF n
new company with resulting advan-
Rgcs from the ownership OF the certi-
flcatcs. London was a small seller in
this market OF arhltrage. local prices
remaining "A fraction above London
quotations for American securities.
The history Of the week as II refers 10
dealing In securities has been unusually
barren OF Incidents. The unexpected
reporting OF the tarin bill 10 the senate
and the waving OF is consideration BY
the full committee on Tuesday was ac-
cepted as bull factor In the market.
one or two securities showed loss OF
value on account Of adverse provisions
Ia the amended bill. aad others, notably
Sugar. showed notable strength on ac-
count OF advantageous provisions In the
bill. thus sendinu sympath!c stimulus
through the market But aside from
this the avoidance ~ the expected delay
Lee. a. q aVaN
ingercatlai reduction that the final en-
lctment OF the bill Into law was nearer
n hand than had been supposed, en-
cOuIaEed profess lonal traders 10 buy,
reasoning from the Wall street stand
point that business Improvement Is
awaiting on the disposal by congress OF
the taTin question.
Dealings on Tuesday. therefore. were
animated. and the general trend OF
prices upward. Reports Of the lnluen-
tIal character OF the opposition 10 some
OF the provisions OF the bill caused a e.
action next day the mcrCurlal traders
rushing 10 the opposite conclusion that
there would be no tariff blu enacted at
all
London ala not slcrince and. indeed,
has paid little attention 10 American
securities one way or another all week,
except some light arbltrRge operations.
The price OF Sugar, which touched lis
on the announcement OF the senate
commiticc's sugar schedule, reacted
next day on the reports OF opposition 20
shat schedule and had since shown
some evidences 81 restraint attributed
10 polite purpose, 10 prevent too OBJ
yiOus response IN the price 10 the bene-
fits to accrue from the legislation. The
formal ofrrr OF Intervention Dy the pow
Sac. 81. FHah al
accepted In Wall street as a beneficial
factor In the outlook, "a accordance
with the view reflected from the for
eIgn exchanges.
The subsistence Of the war scare has
left the market comparatively strong,
which Is counted an additional benefit
10 the share market, especially the
granIers. Us shown by the demand for
them. The factors In the market have.
therefore. been favorable In many re-
spects. The heaviest drag on the mar
kct during the week has been the heav-
mess OF the so-cllled Gould stocks.
The outgoing gold movement has a
deterrent effect on advance IN prices,
hot the eject Is largely sentimental,
and no serious Apprehenslons ure felt
Tor the nations supply OF gold or Tor
the effect on its currency.
The bond trading during the week
lacked genera, feature among the lead
Ing MORTGAGES, which, however, dis
played unlertouc Of strength. Among
the usually neglected issues some note
worthy variations either way occurred
with Missouri. Pacific SIS making an eN-
IRENE break OF l2i5 per cent with n re-
c5vsrv % ~ pc" cent; 81. Paul Cunsols
sinking fund 81 on the other hand,
moved ~ 10 per cent. Business was
vcry quiet. hut the speculation showed
quite a broadening tendency.
BONDS AND STOCK QUOTATIONS.