The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-26
FINANCE AND TRADE
Ths Features Of the Money ana stoSi'
AInrleI..

per cent; closed 1t ~ per cent Ptlm-
mercantile paper 3H9la per cent, 81 j.
ling exchange steady, with actual husl-
ness IN bankers bills at "a Bjhgi S5A
for demand and at 81 S37sa4 S3la for 60
days. Posted ratea 81 Sil2G4 soy and
"a SGIk6l4 81. Commercial bills 81 S24
4 S2Ik. Silver certificates 50W5lc. Bar
silver Size. Mexican dollars $3.50
The weekly crop report OF the agrlcnl-
tural department at Washington was th5
depressing influence In the stock market
to-day, as II was 4 stimulating influence
upon the prices Of wheat and corn, The
opinion expressed In the government re-
port OF the unfavorable condition OF the
corn crop and OF Impaired yield from the
spring wheat crop was OF too serious i'm
port to the grain carrying roads not Ia
have a marked effect on the values,
There were various times during the day
when n struggle was made against the
prevalent depression, and when prices
seemed embarked upon an upward
course. But the fact would Feeuf that s
large part of the long advance in the
price of the grain carrying roads has
been predicted upon the abundant grain
crop which It was expected was to be
moved and prices would turn downward
again.
The cases where prices were above yes
terday's closing at any time during the
day are exceptional and those where
they remained above at the close are still
fewer, The fact thar settlement day on
the London exchange developed no short
interest or covering demand was to soma
extent disappointing TO the bulls, The
heavlness In all departments of the Lon
don exchange growing out of the evil
dence of serious dlsanection on the north,
west frontier of the Indian empire exer-
cised some sympathetic influence In the
local market, Commission house buying
was on much reduced scale and there
was a lul of the activity on the part OF
the large moneyed interests, which have
been prominent In the market recently.
The sales fell to a total Of little mora
than one-thlrd OF that shown by the
dealings on some days OF recent period
of activity. The extreme dulness at the
decline Indicated healthy tone OF the
market, the liquidation at no time being
heavy and the resistance at given
point being very firm. The market en-
Jnyed an occasional rally under the lead
ership Of some individual stock, which
was influenced by q development espec-
tally Affecting II, Thus the publication
of the statement Of earnings OF Missouri
Pacific for the third week in August,
showing an increase over the correspond
Ing week of last year of 100000, gave an
upward Impetus to that stock and help
ed the whole market. The stock rose over
a point and closed with net gain OF u
per cent,
Aslmultaneous rise in Sugar, Tobacco,
Starch and Bay State Gas at another
time rallied the market. Late in the after
noon buying developed In New York
Central on reports of increased earnings.
This spread through the Vanderbilt
group and carried prices generally to the
best of the day. New York Central led
the rise with an advance of " per cent
and the net gain was point, Michigan
Central was the exception In the group
and fell off IA per cent. a selling move
ment In the last half hour Of trading
carried prices to the lowest OF the day,
and left the general list fractionally be-
low last nights level. the loss extending
to Ia per cent In Burlington Lake
Shore gained a point, Northern Pacific
preferred was a weight on the market
owing TO Its poor showing of earnings.
The bond market showed less weak.
ness than stocks, prices being generally
higher Chesapeake & Ohio, AtchIson
and Northern Pacific issues led in thd
activity. Government bonds were dull
and slightly flrmer. The total sales werI
s2,275.OO
The total sales of stocks to-day were
272,25O shares.
The Evening Posts London financial
cablcgram:
The stock settlement to-day revealed
small account except In Americans.
where the amount carried on behalf Of
New York operators is considerable.
Contangoes and Americans were 3 to Sih
per cent, except for Milwaukee's, which
were scarce and were carried over at ~
per cent The tone Of Me market was
generally dull on Indian news, but there
was nothing doing and the fluctuations
were small Katfirs were weNI Chlllan
and Brazilian securities were exception
ally strong, but Uruguays were Fat on
reports that the negotiations between the
insurgents and the government have
been broken Off. Americans were heavy
In sympathy with the other markets and
the close was dull.
Gold was In better demand at 77s 11Isd.
Tomorrow 100000 pounds In gold viii
be turned over to Japan, ar1 that coun-
try has begun to buy gold in the open
market.
The silver market was dslrganized.
indian merchants show hesitation 10
buy on reports that the Indian mines are
to reopen, this TO be accompanied by a
heavy import duty on silver, thus in
crcasing internal currency without de-
pressing exchange. Another rumor is
simply that the import duty on silver Is
to be increased. | cannot vouch for the
probability Of either report, but the lat
ter Ia the more credible. india council
drafts to be offered next week have been
reduced 10 lakhs, the treasury balance
being So low. To-day's decline In French
exchange on London Is ascrlbed to this
weeks fall In the price OF wheat.
The Paris and Berlin markets were
dull
BONDS AND STOCK QUOTATIONS.
u. 5. q reg.,.. 97ik Orc. r. & Nav. 27
Y. :. is reg"...ll2 Pittsburgh ...1G7
Y, S. " caupOn.ll2 Reading .,....... lGih
u. s. New IS reg i2ih Rock Island &C.. SG4
Y. $. New Is cot &6B ST. rnui uu..,.. g5,g
Y, s, ~ rcg,....llSh do preferred IN
U. s. ~ coupon il31A ISt p. & Omaha GTik
Pacific Gs OF aj. iO2 do prcferred, i'd .
Atchlson ......u. 1TsSouthcrn Pac.,. "a
do preferred. 53A Texas & Pac... 1871
Bal. a. Ohlo..... nv Union Pacific, IA,
Can. Pacific .... Tlb WnbnFh ~ 7A