The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-08
FINANCE AID TRADE
This Features Of the Money and stoei
Markets.


This Features Of the Money and Stock
Markets.
NEW YORK, July 7.-Money ON call
easy at 1@lh per cent last loan ~
per cent; closed at IL per cent. Prime
mercantile paper S94 per cent Sterling
exchange steady and duh, with netuat
business In bankers bills az "a S6kW
4 81 for demand and at 81 Sb&q4 ~ for
60 days. Posted rates 81 S6lsQ4 SI5s ana
81 SSat4 SSIs. Commercial bills " sik.
Silver certificates 60b46OSe. Bar silver
GOmc, Mexican dollars 47c.
To-day's market for securities showed
the most notable advances in prices that
have occurred since week ago from
last Monday, the day of the bulge
which WINS looked upon as marking the
elimination of the upward movement.
But, whereas the sales of that day
reached an aggregate OF over 5OO.OOO
shares, to-day's sales fell below lSO,OeO
shares which Is the minimum for many
weeks, except yesterday, The marker
was in the last degree professional ana
rejected no widespread public senu-
ment regarding the outlook for values.
and probably no very we'll defined or
competent private sentiment. The pro-
fessional traders ever present desire TO
see prices move was about the only mo-
tive that could be dlscerned In the trad
ing. The short selling Of the last few
days has had so little effect In bringing
Out large offers OF stocks that timidity
overcame the shorts where the rise had
attained only small proportions, and the
measures they took to cover losses
helped the rise. The outside public TOOK
10. s0N N m gninn
house orders having dropped pract-
cally TO nil. London dealers also con-
tInued their distrustful attitude towards
American securities and sold downprices
Of the railECsid shares dealt In on both
exchanges. Ii was not until after the
London exchange had ceased trading
for the day that any strength appeared
In this market. The local security deal
ers have accepted as a demonstrated
fact that foreign capitalists are not yet
ready to buy American securities, az II
was hoped they would do when improV-
ing conditions and rising market
formed an attraction. The rise in prices
hero has simply invited foreigners to
take profits. Estimates of the number
OF shares now crossing the Atlantic for
delivery to purchasers here run as hlsh
as 10000, large part of which are SAID
to be OF st. Paul. This stock ahsorbcd
one-fifth Of all the dealings on The eN-
change to-day. London selling depress-
ed n half, early. but II recovered buoy
antly and closed with net gain OF rs.
The strength in this stock and In sugar
had an important bearing on the move
ment OF the whole market The pros
poets for crops and Increased earnings
was the argument for the advance In
tho railways. st. Paul touched Ak
which carries e above last weeks rise
again. Sugar enjoyed the benefit of
Yesterdays votes In the senate and the
prospect OF the early enactment OF the
tariff bill. Itg net gain was lN. The
anthracite stocks were bought on the
belief that the proloDgatl0n OF the strike
OF soft coal miners would help the an
thraclte business. Manhattan was n
marked exception to the general
strength, ard lost a point. A few OF the
shares lost fractions but gains were
the rule, and these extended to point
or over besides the cases mentioned In
| Northwest. Chicago Great Western,
| Delaware &; Hudson, De5 Moines q Fort
Dodge. Minneapolis & ST. Louis DO firsts
| aud second preferred. Lend and Susque-
| hanna e W"siern preferred,
Bond values generally trendcd upward
on a moderate volume Of dealings but
gains were slight as n rule. Brooklyn
| Transit So touched IS. The aggregate
salcH were Sl,il7OOO
Governments were quiet, but firmly
held. Sales $4,000
The total Gales OF stocks to-day were
| i7G,Si9 shares.
Evening Posts London financial ca
blcFram:
The stock markets opened idle and de-
! pressed to-day. There was no Increase
| In business. but stocks were generally
firm AZ the close, Mines werp dull.
| Americans opened fiat Sales disclosed
weakness. the bulls being frightened by
the political situation. New York read
| ily absorbed all the stock offered, how
| ever. and prices Ciosed nt the best with
n firm tone. The decline In the Bank
| Of Bombay rate Of discount IN believed
| 10 be preparatory 10 the immediate H.
sue OF a rupee loan IN India The
! weekly drawings Of council drafts have
been reduced to twenty-five iakhs for
next week
The Paris and Berlin markets were
steady
BONDS AND STOCK QUOTATIONS..
New Y, y. A. reg l2i,il Nash 4 chat. -
New u. 4. a coulIhN J. Ceutrala, slN
l|H ~ ~ WV WI w IlNaH ~ 4
! u. q. % coupon, lli's Northern Pace. n
| ". ~ Is roHu,.illM| do pfpfcrrsd., i0l
| 4. z 10 coupon, ll'N' Northwestern ..iiil,
| n. q q tcg..st Dih. do prof0rrCl. 100
! pnrlnc Cs OF 'bj, iuIh ~ Y. rrntTnl.s.lOi
Atchlsun .n.n,,. ~ OrcHun N|m tuu. ~
/ Adams Exprofrlg Pacific Mpla.u. OK
| Am Evnrpt1uuliN l'itlahufph 90 u.iti
lini & Ohlo.a," lON Pullman PNlneclti
can. Southern, tlA noudng ..,,,.. ?iH
Cpnifal Pacific. M lioCl, Island .l,. 40
ChcH \ ohi1u., lih 81. Paul .n.gu. S3is
chi q AitOUa.lr DO preferred 1901
chi, iiur 4 % Hlk 80 ~ q bmhhn r7ls
CHICAGO Dup.. NlN do pfrfprtoduili
q. T.. 4. 4 81 l.. gH HuWnr tplluory ~ ,N
Cnl conf q iruu 'ronn. tuni n t., IN
Cotton on cor. lli Texas l'uolicau iOh
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