The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-28
FINANCE AND TRADE
The Fsaturss Of the Money and stock
Markets.

easy AT lWlf3 per CENT INST lpaH ~ PS'
cent; closed at lGlA per cent. Prime
mercantile paper 3494ls per cent, Ster-
ling exchange easier, with actual bust
ness in bankers bills at s. s5Is Cor de-
mand and at 81 saAG4 s3h for sixty
days. Posted rates 81 $500 S5ls and
81 s6Ad4 81. Commercial bills 81 SEQ
4 S9k. silver certificates 5l%c. Bar sill
yer 5lXc. Mexican dollars t0Ac,
To-day's market was strong through
out and the upward tendency OF prices
was practically uninterrupted by reac-
tons Anything like recession In the
bids for stocks ELECTED no offerings and
led to a lull In the activity which soon
gave place to renewed buying and a
higher level OF prices Many inactive
stocks we're sought out and moved In
the market, all at notable gains The
movement even touched some OF the
extremely low priced almost discarded
Issues. The strength of the market
was apparently based on renewal of
full confidence In the improving ten
dency OF general business, Some OF the
railroads are making record earnings,
hut all are showing Increased earnings.
Fuller reports of some western grain
carrying roads show that the total i'm
provement In their business Is due In
larger part to the movement of general
merchandise westward than to the move
ment Of grain eastward and this Is taken
as an important index Of the improve
ment In general business, The contin-
ued ease In the money market In view
OF these evidences of awakening in
dustrIal activity causes surprise, but
cheap money Is an incentive to speeula-
ton. The break In grain was regarded
In the stock market as proving the
safety and abundance of the grain crops
and melted special activity In the gran
gers shares. Rock Island took the lead
In the group, and moved up two points
net during the day Burlington gained
over point and st. Louis point. Chi
cago, Greatwestern Jagged and fell Off
fraction. The coalers were the ex-
ception to the buoyancy In the list and
declined fraction. Missouri Pacific
was active and aggresslVely strong all
day and gained ~ per cent net, South
ern preferred also was prominent, with
an advance OF III per cent, PennsylVa-
MIA was dealt In on the exchange for the
first time in long time at 1ll&. Colo
RADIO Fuel and Tennessee Coal rose over
point during the day, OF the mac
tive llse Cleveland, Cincinnati, Chicago
& ST. Louis preferred sold at 6 points
over yesterdays bid price. The common
stock also advanced point baltimore
& Ohio gained 1k; Laclede Gas showed
net gain OF 2%; Metropolitan Traction
2B; Manhattan IL: National Starch
second preferred 3; New York Central
& st. Louis and preferred each over a
point and Great Northern preferred
SO per cent. Stocks OF local gas COM
panies were all strong on talk OF con-
soldatlon. Ontario & Western was ac-
tive and gained * per cent Northwest
preferred was conspicuous for a loss Of
two points just at the close. The bond
I market was very active and generally
higher. Total sales $9,772,G90.
Governments as were u and rs " Fer
cent higher.
Evening Posts London financial ca
blegram:
The stock markets were quiet and ir-
regular to-day. The tone was good on
the whole, but dearer money acts as
| drag on Investments In stocks, The
| policy of the Bank of England directors
as indicated by recent bank returns. Is
now telling on the market. Money was
In good demand to-day and the bank
has probably loaned over 100000 to the
| market.
Americans were good, ontarios being
especially In demand. There is moder-
ate buying here, still, but 1t will soon
stop unless the New York lead other
wise Is very definite. South American
and foreign stocks were good. Greeks
were Arm on Premier Sallsbury's pro-
posal and the belief that loan Of 4,000,-
| 900 pounds can be easily arranged sub
ject to foreign control of Greek finances,
Kafiirs were better on Cape buying.
Silver was better on reports that the
United States have oversold for imme-
date delivery
ket was dull.