The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-14
FINANCE AND TRADE
Tho Features OF the money and stoei
Markets.

Tho Features OF the money and Stock
Markets.
NEW YORK, July 12-Money on call
easy at 19lA per cent; last loan at per
cent: closed offered at per cent. Prime
mercantile paper 3q4 per cent. Sterling
exchange firm. with actual business in
bankers bills at 81 S7a4 SIN for demand
and at 81 1904 S6h for. 60 days: posted
rates 81 S7a4 S7is and 81 ss94 SSIi; COM
mercial bills 81 S5k: silver certificates
6Ox d60hc; bar silver 6Obc; Mexican
dollars 46Tc.
Government bonds firm.
State bonds dull.
Railroad bonds strong.
The healthy disposition OF the security
market to-day evlnced by the notable
and widely distributed advances. and
especially In the coalers, industrials and
gilt-edged investment stocks. was due
to various favorable influence OF general
effect. The coalers easily responded
with rise extending to per cent 10 the
Lehlgh Valleys election OF officers and
directors known to be acceptable to the
controlling interests In other anthracite
properties and to the harmony In opera
ton expected to result The judicial In
terruptlon of the proposed inquiry into
the anthracite trade under the anti
trust law enacted by the last New York
legislature not only had n good effect on
the coalers, but strengthened the whole
Industrial group. To-day's Washington
rumors continued favorable to the REIN
ing interest and to the effect that COM
promise sugar schedule pleasing to the
company would likely be agreed upon by
the conference The result was that
sugar scored another high record price,
touching 1919 or nearly 3 points above
yesterdays close and over Q points above
the loftiest price previously, which was
13iI. The suspension of house sup
posed TO have been hurt In carrying
a large account for an operator on the
wrong side OF rising market only tenn
porarily depressed sugar. II ls now sup
posed that yesterdays sharp jump In
Sugar was partly due to knowledge OF
this operators position. The announce
ment OF the failure caused reaction In
the market which carried prices general
IS a fraction below Inst nights close The
fluctuations In Sugar were most erratlc
and wide, attended by heavy covering Of
shorts. Hesitation ensued and then
there was Increased activity and
strength. The transactions In the stock
comprised fourth Of the
totni transactions In all stocks,
over 10000 shares being sold. After n
monetary decline at the opening. the
stock snld up 27k per cent above yestcr-
days close. reacted 2h per cent. and then
partly recovered, closing at a point adj
vance over yesterday. Chicago Gas
ruled strong on favorable Chicago dis
patches. Good crop and weather advlces
bettercd the grnngera a sharp fraction.
snsquehnnnn e. Western preferred gain
ed "a. Northwest preferred and Della
ware K Hudson per cent each. Other
gtocks not hitherto mentioned which re-
corded gains OF a point or more, were
Tobacco. Canadian Pacific, New Jersey
Central. Reading first preferred, do Sec
ond prcfcrrcd. Minneapolis & 81. Louis
second preferred, Pullman, Rio Grande
Western Spirits preferred Leather pre-
forred and oregon Short Line, The
closing was strong and generally at best
prlcep. which were fraction above ycs-
tcrdayA close IN CAGES not specified
above. Marked exceptions were Brook
lyn Rapid Transit ana Dca Molncs q
Fort Dodge which closed ANih per cent
respectively below yesterday.
Considerable strength was displayed
among few Of the industrial mort
gagoa. but the general market also Dis
played an Improved tone IN moderate
purrhneon, Business was somewhat
more general In the low priced securities
with the Hens " some recently rcorgnn-
lied properties assuming prominence
Tho nggrogatc snlo5 were N7OlOOO
0oyornmont bonds were practically me-
plerlod but ruled steady at yesterdays
closing prices
Tht total sales Of stocks to-day were
aO2,Gls ahnro0.
EyonIng roatn London financial cable
gram
Tha ronefnl tone NJ The stock markets
ln.dny was uulut but firm, with further
rluo In mines Tho settlement wne enAl-
Nv ARRANGED. Money was chny ana con.
tanroca on Americans were only 2h@2't
per cent
Americans were neglected pending a