The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-15
FINANCE AND TRADE
Til. Features OF ths Money and storl.
Markets.

easy at iWiA per cent ihst loan per
cent; closed at per cent Prime mer-
CATTLE paper sea per cent, Sterling
exchange steady, with actual business
in bankers bills at 81 a@4 s7M for de-
mand and at 81 SG@4 SsN for sixty
days. Posted rates 81 ss94 ssh64 ss9
4 sS1s. Commercial bills 81 S5h. Silver
certificates 6OaG6OAc. Bar silver 6OSe
Mexican dollars 47c.
The security market continued to ex-
hlblt strength on widely distributed
dealings. The grangers, the usual mar
ket barometer, on favorable crop adj
vices scored marked gains, st. Paul
common crossed IS, which price 1t has
not touched I'm ten years, The preferred
also made a new record, reaching llOS,
while Northwest preferred edualled
yesterdays top price record of 1856. Lon
don Unexpectedly changed It's attitude
on ST. Paul to-day from q persistent
seller to a buyer and marked II up y
per cent above the New York equlva-
lent at yesterdays close. This was re-
garded as foreign covering OF shorts.
The coalers. weakened from their &C.
customed lethargy, repeated yesterdays
progress to higher plane OF values.
This was largely in sympathy with the
Philadelphia market for Lehigh Valley,
Reflection over night had convinced the
traders that with the disappearance OF
Lehigh Valley as an independent fac
tor in the coal market this trade would
be managed In such manner as 10
produce the best results for the inter
ested corporations, as lesser companies
would find It profitable to work in SYM
patty rather than assume a hostile at
tltude. Thus. they argued. would be
accomplished harmony where pre-
yious schemes OF the past including a
central selling agency and q Reading
lease of other companies had failed.
Then the soft coal strike. II 1t continues,
will cause an increased demand for the
hard product, Susquehauua and Vest
ern preferred passing 81 easily led the
advance IN this group on rumors grad
uaiiy becoming more definite that the
stock was being purchased for control
by another coal road. wheeling & Lake
Erie preferred and Cleveland. Lorain a
Wheeling preferred were bid up point
each, while Hooking Valley also I'M
proved. Thus the action OF the bltumi-
nous coal roads indicates a marked be-
lief that the strike win rehabllltate the
entire industry. On enormous transact
tons Sugar alternately rose and fell on
more or less favorable news percolat-
ing from Washington. The delay In
announcing an agreement by the con-
ference committee was taken as conflr-
nation OF opposition on the part OF
4. - m
senate conferees. The stock opened
down about point, fluctuated widely
and closed at about initial figures.
Friends OF Tobacco advanced II ~ per
cent and the scfip . per cent, giving as
reason that the stock held had not
yet gone upward with the general move
ment. The Gould shares were stronger.
East River Gas rose 6h per cent to SAY.
record price. Gains OF point or over
on the day are shown by the following
In addition TO cash already enumerated:
c.. c., c. & ST. Louis, Consolidated
Gas. Illinois Central. Minneapolis & st.
Louis, Susquehanna & Western, Pitts
burgh, Cincinnati. Chicago & st. Louis
preferred and Ice preferred. Rio Grande
Western preferred lost ~ per cent, and
Leather preferred with the market clos
ed after sales OF 10000 shares, closed
active and strong at moderate general
Improvement, more notable among the
specIaltles.
Trading in bonds was quite animated.
the aggregate sales slightly exceeding
81, 100000. The bulk OF the transaction
was centered In the low-prlced securlt-
les with n decided inquiry apparent for
the Oregon Short Line issues Liens Of
reorganlzed properties as rule, have
come into favor and noteworthy appre-
citation in values OF these mortgages
have recently been registered. The
market exhibited quite a hardening
tendency with the changes substantial
In a pumber OF instances. The principal
gains were: Denver & Rio Grande SIS
AZ: oregon Short Line incomes series
a, fiL; Brooklyn Transit SIS ~; Ches-
apeake & ohio 6's, Glass A. II, and
Standard Rope and Irvine incomes, and
Fort Wayne seconds per cent
Government bonds were generally
arm. with transactions trivial
The total GALES Of stocks to-day were
u.s. 100 shares,
Evening posts London financial ca
blegram:
There was a better tone and slight
Increase OF business In the stock mar
kets to-day despite the Henley attrac-
ton. The stimulus partly came from
the declaration OF good dividends by
some OF the home roads. Consols and
other Investments were strong. The
squirt In Americans mainly represents
the New York Initiative and dealers
here are Inclined to take quick profits
until there are more signs OF public
buying. The close was under the best
Mines were firm. They are undoubted-
" being again supported by capitalists,
although n renewal OF the boom "a not
looked for by most traders. Gillian
bonds, which have been especially Fat,
recovered on a reassuring cable to the
Rothscbllds as to the country's
finances.
The Paris bourse was Irregular. fen-
ture helug rise In Tint copper
The Berlin market was steady.
BOND QUOTATIONS.
New u. s. Is reg1glNll s. q og.."illlS
New u. s. N cout2iislu. !. ~ coupon"ll2.