The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-19
FINANCE ANp TaApE
This Features OF the Money and stock
AInrlketa.

dull at l@1h per cent prime pereantile
paper S@41s per cent; sterling exchange
steady. with actual business in bankers
bills at 81 s7G4 s7N for demand, and at
81 SsIs for 60 days; posted rates 81 Sl@
4 s7is; commercial bills 81 Sc. Silver GER
tlHcates-Bar silver 6oHc; Mexican dol
lars 467ic,
Dealings on stock exchange were In
large numbers and the market was
strong as a whole. Liquidation In sugar
worked q systematic reaction In the
market for short time, but the advance
was resumed before the close OF buying
TO cover and the last prices In many
cases were che best. The CHANGERS were
notably strong MS being likely to derive
the most immediate benefit from the
promised abundance OF the crops, ST,
Paul, Rock Island, Northwest and Oma-
ha ull touched the highest points In the
present movement and St Paul d omp-
IN closed at the top, the former leading
the market In point of activity. Sugar
was sold pretty steadily all day though
not under severe pressure and not on
violent fluctuations, traders having
finally come TO the conclusion that the
situation In the conference committee
was really stu to be adjusted II was
not until after the market had closed
that the news OF the agreement OF tho
Republican members was received, but
belief that indefinite delay was likely
to occur was prevalent. Louisville q
Nashville was q strong feature In the
trading and was bought for London ac-
count az well. The Brooklyn Rapid
Transit securities showed continued
strength on rtimors of alliances with
other lines. East river gas was affected
by the manifestations OF opposition to
the proposed consolidation on the part of
Equitable gas interests, and lost " per
cent, but the preferred stock advanced
az per cent. The coal stocks continued
to show strength under the same lntlu-
ences that have effected them all week.
New jersey Central gained point and
closed at So, the top price and the highest
1t has sold at since early in the year. The
break in the wheat market on reports OF
continental selling was not without Its
effect on values In the stock market and
contributed to the reaction. Tobacco
was keenly affected by the reactlonary
tendency, and, together with sugar,
closed with a net loss Of large fraction.
Lake Erie 4 Western preferred, also
closed point lower. Gains OF near n
point or over were shown by Brooklyn
Rapid Transit. ST. Paul, Starch second
peferred, per cent; Oregon Navigation
Spirits preferred and Rubber preferred
The railroad bond market was very ac-
nI al hnlnR
shown by some Of the speculative issues
The steady advance by slow stages this
week should crafty such SPECTATORS as
may hope to market securities on the
anticipated rise when the business OF the
country has settled down after ascertain
Ing definitely the nature OF pending leg
islatlon. or course these expected rises
are often abortlve, being stunted by real
ization OF paper profits. But at current
high quotations but little liquidation has
materlalized. The weeks most note
worthy incident was the rare combina-
ton OF the extraordinary advance in
wheat and at the same time most favora-
bic crop advlces. The apparently trust
worthy foreign advces indicated d.
versIfied shortage Of crops that promises
remunerntive returns for both wheat
crops. The graagers which viii benefit
largely by this state of affairs were uni
formly strong.
Susuuehanna & Western common and
preferred rose 2M and 3& per cent re-
spectively on vague rumors which seem
ed 10 DO reduced TO the assertion that
there was an effort by parties Of prepon-
deratlng influence In the coal trade TO get
control There was a rise In the local
securities owing to the anticipation. and
20 reports Of the accomplishment OF con-
solldatlon Of some companies. Later
came Indications Of strenuous opposition
and quotations we're shaded. The buoy
nncy OF sugar during the early part OF
the week wa1 a sustaining influence on
most OF the list. The outstanding snort
interest becoming nervous at sugars per-
slstent strength sought cover. CARRYING
the price by leaps and bounds TO lJIft'
which ia above record price. The sus-
pension Of large brokerage house on
the wrong side OF the market had but
transltory depressing effect. washing
ton rumors early Indicated that scheme
very profitable to the refining company
would be agreed upon In conference
Subsequent advlccs showed n deadlock
with the house leaders inglatlng on the
riar,ia,, scbcAuIe and supnr rcceded On
Dins,ey ssatu ,hat IL wSs certaln Inc
, .nu ,", ,o,,taroos World win
ny,'I eS''t hnwsvcr recorded n net nd
IL nH ~ no".oo ~ ISt nor cont some
Vnn I, iTi we 49, COG dtsniayc towards
Nlnuy u''p pos,'op,,os in thc south and
Ialiwug "ops,aSi WIssourI Pacific.
to .iI, nV'', hv ou and Louis.
wnlV. "as Du,.,''' Tho yn1t amount az
vllle ~ Wv ven' i,,os1,,cnt vna occrnt.
MONEY aWl't''ih s,,hsorin,lnp NJ n local
uhleu ny ,ue otv 20 S nno oon hnnds offorsI
street rai ,, 'I ,O, ,,,or,V.Gyo iImea