The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-27
FINANCE AND TRADE
Tho Features or the Money aud stool
Markets.

Ihe feAtuFeh OF inc money anu otueh
Markets.
NEW YORK, Aug, 26,-Money on call
easy at l@1ia per cent; last loan II per
cent; closed at l9iA per cent. Prime
mercantile paper S%q4ls per cent ster-
ling exchange firm, with actual business
in bankers bills at 81 S5B for demand
and at 81 sS's for 90 Gays, posteu rates
81 S4ha4 S5ls and 81 S6AQ4 81; COM
mercal bills 81 S2@4 S2h, Silver certlfi-
Gates 5ilA@52c, Bar silver 5lhc, Mexl-
can dollars 40Ac.
The striking fact about to-day's mar
ket for stocks was the absence OF any
large offerings tn sell. The sharp rise of
prices at the opening of the market was
on very moderate volume of purchases
The buying demand fell off almost i'm
medlately but prices Teeeded very slight
ly and held firmly in the face of an al
most stagnant demand. The big buyers
were practically out OF the market and
even the small demand showed few
stocks forthcoming, so that prices moved
easily In either direction. Even with the
condition so inviting TO manipulation,
the market was apparently neglected by
all interests and many stocks which have
been active in the recent trading did not
move at all during the entire day. The
total sales 100000 shares, Is the low re-
cnrd for several months past. Much
more animation was manifested In the
bond market and prices there were
strong, exercising sustaining influence
on stocks. The Quictness which has fall
en- upon the stock market Is due TO a
somewhat unsettled conviction as to the
safety and final dimensions of the corn
crup. The mercurIal condition of the
grain markets has aroused a condition OF
doubt In the minds OF stock traders and
they are waiting FOR more fxed condi-
lions before putting further money on a
large scale into stocks, The strength Of
individual stocks helped to sustain the
market, which was In that respect al
most u repetition Of yesterdays. Mis-
souri, Pacific was strong and sold at the
opening Y per cent above last nights
close. The stock was In good demand
to-day and closed with a net gain Of x
per cent. The Vanderbllts continued
In good demand and radIated
strength throughout Chesapeake &
Ohio was most largely dealt in on re-
ports Of Its improving finances and led
the list with sales OF $4,000 shares. Col
umbus, Cincinnati. Chicago & ST. Louis
preferred was bid Up to rs as against 70
the previous sale. During the latter part
of the day Sugar was remarkably steady
at over point above last nights close.
The buying at the close, which was most
prominent in the grangers, carried the
market to the highest level OF the day,
Rock Island leading, with net gain OF
~ per cent. London buying was quite
a prominent factor In view of the small
volume OF trading The sales for the
day for London account were estimated
at 1900 shares. Only the three leading
grangers, Chesapeake & Ohio and New
York Central were dealt In TO the extent
of 10000 shares. Net gains of sharp
fraction were general all through the list
at the close and extended to Sit per cent
In the case Of Norfolk & Western pre-
ferred TO per cent In Lacede Gas and a
point In Michigan Central. Metropoli-
tan Traction lost 2 per cent: Lake Erie
a. Western n point and Manhattan, To-
bacco, Canadian Pacific. Colorado Fuel,
Consolidated Gas. General Electric;
Northern Pacific and Southern preferred
fraction.
The railroad bend market was active
for the speculative issues at higher
prices.
Government bonds held a fraction
higher. The total sales OF bonds were
S2,9iO,OOO.
The Evening Posts London financial
cablegram:
The stock markets opened generally
duh to-day but closed strong on rumors
that the powers will come to an agree
ment on the eastern question. Consols
closed at ll2ls buyers. Kaffirs were firm
at the close. Americans were good all
day, hut the close was a fraction under
the best More interest In Americans Is
notable among Operators on this side.
New York Central AID Norfolks were es
peclally bought to-day. Eres were also
strong. There was further rise In Bra
zllians on the continued Improvement in
exchange. Press reports attribute the
improvement to RothschIId having
bought the Central Brazilian railway
from the government 5000. OOOpounds.
This is not correct. The position ia that
strong continental and English syndi.
cate, including Rothschild, has been
formed to make tender for the railway
next month. London discount was firm
on the transfer to-day Of l,3OO, 900 pounda
to the japanese account In the Bank OF
England, believe, however. that some
OF this may shortly be released. The
Paris bourse opened quiet. but closed
buOyant ON tho eastern rumurs.
The Berlin market was firm. 1t Is still
buying Canada Pacific.
BONDS AND STOCK QUOTATIONS..
a. Ig....