The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-17

result OF this lively demand prices
bounded lightly upwards, new high re-
cord prices for the year being made IN
number of prominent stocks. The gran
gers were actively traded IN az the
higher level, Burlington showing thu
| sharpest gain, but ST.. Paul being most
actively dealt In. ST, Paul was the Lead
er Of the list and was quite largely
bought for London account. Burlington
touched 1914 In the opening dealings, but
closed n point below that, The other
grangers moved over much narrower
range, but closed but little above the
lowest. The onward bound OF prices at
the opening Invited realizing sales. The
| professional bears added their utmost
| efforts. They had In their favor some
| reports OF crop damage In the west and
| the result was soon shown In a reaction
| In prices of the grangers and south
westerns which hada sympathetic effecl
upon the whole list. Prices OF many
stocks were carried below Saturday.
close. Although there was a flrmer tone
later and some slight recoVeries. the
market failed to fully regain its tone
before the close and consequently prices
OF most of the active leaders OF the
| market show only slight changes from
| yesterday. The net changes, though
slight, are mostly gains, one or two OF
! the Erangers being exceptions. The I'M
dertone OF strength In the market was
again strikingly manifested by the dull
| ness that set in upon the decline in
prices, Sugar again assumed n promi-
nent part In the dealings and touched a
new high record price at 14g1s, but re-
acted nearly point before the close,
Tobacco was also largely dealt in,open-
ing at sharp gain, but selling Off dur
ing the day Chicago Gas also showed
some signs of renewed activity, but 1t
| also suffered from the reaction to the
market, While the early strength car
ried many stocks to point or over
above Saturdays close, the gain was In
most cases practically wiped out,
The Vanderbilt stocks, particularly
Chesapeake 4 Ohio and Cleveland, Col
umbus, Cincinnati & ST. Louis were no.
! tably firm all day, closing near the top
The latter's preferred stock was bid up
. points Other notable gains are Rub
Der preferred 3N; Spirits preferred 2h;
+. & p. NJ. 2%; oregon Navigation pre-
ferred 2; Cotton OIL preferred, Central
Pacific Colorado Fuel, Great Northern
preferred, Metropolitan Traction and
| Rubber common.
The bond market showed q marked
dIminuition In the volume OF trading, as
compared with recent averages, the to-
tai falling short OF 100000, The spec
uiation also lacked aggressive strength,
but the market was fairly well sup
ported and some substantial gains were
registered In the less known issues. The
aggregate transactions were Sl,935.000.
Governments were heavy and receded
a fraction on light offerings.
The Evening Posts London financial
| cablegram:
The stock markets opened dull to-day,
| but recovered later on calmer Views Of
the Afghan incident, Americans were
| strong. Arbltrage dealers were short of
stock and bought largely. Prices, how
| ever. closed a fraction under the best,
I Indian affairs. however, exaggerated
| they may be, have had bad effect on
| the market and have served to direct the
| attention to the extent of the bull ac-
count.
Kaffirs have only partially recovered.
Gables have been received saying that
| the recommendations of the Industrial
1 nave Alul hHhAOhGh "
| the Volksraad. The Indian rupee loan
has been applied for India about twice
over. The minimum price was 97h and
tenders at 9s 1-16d get about CT per cent
OF the loan. II would have been more
successful but for the Amer incident.
The reports that Hooley has negotiated
a loan OF 100000 pounds for China are
probably premature so far as the actual
fixing up OF the matter Is concerned.
The London time money has risen
3-l6 per cent over Saturdays highest
rate on large offers Of American bills for
discount
Gold has fallen TO rs lid. Nearly 2OO.-
| 900 pounds which has arrived from the
Cape, has not yet been dealt with. From
information Just received, get the i'm
| preston that gold may go direct to New
York from the continent soon.
The Paris and Berlin markets were
/ steady.