The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-27
FINANCE AID TRADE
IA, Feature. OF ths Money and stock
Nnrkrtt.


al business in bankers bills at 81 STAG
4 S7h for demand, and at 81 SGAG4 S6h
for co days. Posted rates 81 SI4i Sis
and 81 SSdl SsIs. Commercial bills
"a S5i!@4 S5is. Silver certificates 59fe
59hc Bar silver 5sc. Mexican dollars
46c.
The market ended to-day In a draw
with the advantage slightly In favor OF
the bulls, The confused and Irregular
sharp declines and rapid recovery al
teTnatlng commonly called crlss cross
market, continued throughout the day,
To take profits AZ the accomplishment
OF that which has caused an antlcipa-
tory rise is way they have In the
street, Thus, with Congress adjourned
and the tarH disposed Of, professional
spectators unloaded and sold short,
Local reactions We're helped by London
profit taking, sales from that quarter
amounting to 10000 shares, thus dispel-
ling the Idea that buying movement
might be expected because of tO-mOr-
rows settlement to cover recent sup
posedly short sales. A variety OF rea-
sons were assigned for London's pesi-
mlstlc Views, among which were the
senate's nOn-action on the currency
message, the Japanese Hawaiian AFFAIR,
but more generally II was attributed TO
their regarding the effect OF the tariff
settlement as already discounted.
Prices In the local market receded about
a point, the grangers especially suffer
ed on private reports OF crop damage.
The weak opening, however, tempora-
rily benefited the market, having caus-
ed the cancellation OF such selling or
ders as were to be executed at the mar
ket opening to-day, provided prices
were higher. Railways rallied, eased
off again. The crop advlces were more
favorable and widely distributed pur-
chases OF grangers stimulated by to-
days early advance in wheat benefited
the general market. Extensive buying
of tobacco on the likelihood that the
company would be free from Antagonist
tic legislation, caused all OF the compa-
ny's securities TO rise sharply. Reports
OF earnings OF the third week in July
We're almost uniformly good, In some
cases the increases We're quite marked,
Delaware g. Hudson was strong, the
buyers giving no other reason than
general Improvement in the coal trade,
but It was reasoned on the stock ex-
change that important developments
might occur at the meeting Of the COM
pauy's directors Wednesday. The tom
mage of Reading for last week being the
largest for n long time, brought that
cOmpany's preferred stock good sup
port. This renewed heavy buying and
revived old rumors OF impending devel-
opments In the anthracite trade. Min
neapolis and ST. Louis preferred stocks
were bid up by the recent buyers OF
Rock Island. The southwestern stocks
were generally strong on improved
earnings. All grades OF sugar were ad-
vanced to-day but Sugar stock was
subject to bear pressure most OF the
day. After an early drop OF Ia par
, tial recovery, 1t fell again, and when
below II2, the market being full of stop
loss orders, certificates were forced TO
the lowest point OF the day, 1898. The
Intelligence that million OF gold would
leave Australia on Monday for America
was a significant feature OF the late
news. Another was little furry in
call money. 1t being quoted on a small
transaction Of lIAa2 per cent, although
there was abundance OF money loanable
at per cent. The market closed with
irregular changes. Those of point or
more follow:
Losses-Hocking Valley preferred, &:
Sugar, AZ; Cotton oil preferred. Bur-
Hngton, st. Paul and Duluth & Ann
Arbor preferred.
Galn-Omaha preferred, 3; Tobacco,
2&: do preferred, .; Scrip, Delaware &
Hudson Reading first and second pre-
ferred, Minneapolis & st, Louis second
preferred, Mobile 6 Ohio: Starch second
preferred, Rio Grandc & Western pre-
ferred. Lake Erie 81 Western preferred,
and Detroit Gas.
The bond market developed agrees
sive strength after an early period of
henviness, which, however, did not de-
press values appreciably. The demand
for Issues of reOrganlZed properties and
those undergoing rehabilitation was
very marked. with Kansas a. Pacific
cOnsols conspicuous for n rise of per
cent. Improvements elsewhere were
also very notable. The aggregate sales
were 80, 100000.
Government bonds displayed strength
| on moderate purchases. The traRsac-
lions were $4,000.
Evening Posts London financial cable
gram:
The stock markets here were cheerful
to-day. but quiet on the eve OF the gem
eral settlement will begin tomorrow.
A slightly larger account In Americans
It Is expected will be disclosed. Home
rails and mines were the best markets
to-day. Foreigners were flat Amerl-
| cans opened firm and then reacted sharp
ly on profit taking and on Japan and
Hawaiian affairs. For the latter reason
Japan stock was sympathetlcally weak
laI rhn
| on New York taking all the stock offered
Now that the tariff bill Is actually passed
this market Is again impressed by the
measure of New York support Of prices
The feature at the close waa bidding for
Canada PacI1cs at 729s. Shipments OF
gold from Australia to the United States
will begin next Monday. About $1,000
900 TO 80 by that days steamer is already
arranged for but more may 90. Gold "
In such demand here from the continent
that OF 100000 soverelgns to hand from
Australia, only $4,000 has gone to the
Bank Of England,
BOND QUOTATIONS.
Y. s. 2s req. .g7ltIu. s. Now Is col25Is
| U. s, n rcg...,.,il l4 ~. 8. b. reg ....ilaig
| U. S. is coupon il2h ~. S. 6s coupon. .iliN
U. S. New Is reg l2iit Pacific Gs Of '0j ,lOlA
STOCK QUOTATIONS.
Atchlson ......... 70 Mich. Central. ...
| do preferred. 2Gii Mo. Paclilc...., 2iI
E I1 4 po 0mIS % \ ! GGs d6Iqd -, %
Can Southern, 5NH Northwestern .ll7A
| Central Incun,. "a do preferred nlN
| Chcs. q Ohlo.n. ~ Northern Pac,. II
| Chi. & Atom. lS do preferred. 10. Az
| CHI. Bur, & O.. sI& Ore Il. d Nav. 2llk
c. c, c. & 81. l.. q Plttghurgh ,."iGG
| do preferred GO Heading .......,. 237k