The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-23
A Xxi A
The FEATURES of ths Money and stors
Markets.


Markets.
NEW YORK. July 22.-Money on call
easier at l per cent; last loan l per
cent; cosed at l per cent. Prime mer-
camille paper S94 per cent. sterlIng eS-
change easier. with actual business in
bankers bills at "a S794 s7h for demand
{ and 81 ss@4 sGR for 60 days. posted
rates 81 s7@4 S7h and 81 sS94 ssh;
commercial bills 81 S5h@4 S5h. Silver
certificates 5sR @SONc. Bar silver 5sSc'
Mexican dollars 46Hc.
There was not q weak spot In tho
| whole list to-day, save a net loss OF owe
a point In sugar. The volume OF DUST
ness was large and broad. as
well as stocks were strong, and the deal
Ings extended TO many hitherto mort,
| bund securities. Decreased exports o.
| grain and lower quotations for wheat
as well as London arbitrage sales, were
ignored, and the market advanced on
pool support. The highest figures were
recorded in many securities scored
about noon, but an even larger number
OF securities scored about their best
prices at the close. Some foreign houses
| are OF the opinion that London Is heaV'
ily short and anticipate interesting de-
yelopments at tho end of the account
next week. Brokers having little faith
that there would be much change In the
| sterling exchange market gave but tenn
porary attention TO predictions tina
| some 2,OOo, 900 dollars In gold would be
| exported to Paris on Saturday. The
| continent has been buying gold, and
with easy money here this country can
spare the gold more readily than an"
other. Extensive commission house buy
ing to-day was a potent factor In the
| markets. strength, and II remains to be
| seen whether, now that the public IN
taking hold of the market, professional
| traders will unload upon It as usual
| London advlces were that II h pres
| eut movement In Americans continued,
| the British public would come in as pur'
| chasefs, but that, although q larger
business was being transacted In Ameri'
cans to-day than usual, II was princl-
| paiiy on Continental and American &C.
| count. Sugar fell 81 TO 40 in the initial
| dealings, recovered the loss, but was
again pressed for sale and ended with
a loss Of Is. The grangers and South
western were the leaders In the days
upward movement on large dealings
Other stocks conspicuous for their
strength and activity were Lead, CHI
cago Gas. General Electric, Louisville
& Nashville and the Gould shares. c
Island scored a net advance Of 9h points
| on rumoFs Of increased earning capac'
ity. Burlington on similar Influences
was bettered TO the extent OF q point
and q half. Coalers were neglected, be-
| cause Of the trade conditions. Ameri'
can spirits preferred rose q point on
heavy buying by the same interests re-
| Gently active in Sugar and st, Paul. The
rise in industrlals, including n point and
a quarter In Cotton OIL common and
two In the preferred, one in Starch Sec
| ond preferred, we're attributed TO an
| expected increased demand Of their
products, sald to be expected because
| OF the new tariff. General Electric adj
vanced 1& on unconhrmed reports Of
an adjustment Of back dividends on the
preferred stock. The market generally
| closed with a net advance OF ~ per cent.
The principal advan Sc OF a point or more
not hitherto enumerated were: U. s.
| EXPRESS 3, Brooklyn Union Gas 2h,
Pittsburgh. Cincinnati, Chicago & 81.
Louis preferred 2. Cleveland, Clncln-
natl, Chicago Il st. Louis, Detroit Gas
| Erie second preferred. Illinois Central,
Laclede Gas, Lake Erie a. Western pre-
ferred, Louisville, Manhattan, Missouri
Pacific, Susquehanna az Western pre-
ferred and Union Pacific.
The bond market continued 10 reflect
a brisk demand for investment and
speculative account. which included
numerous Of the middle grade and spec
ulative issues. Values moved unlnter-
ruptedly upward and al the top level In
dlcated gains Of | per cent or there
abouts in the leading mortgages. I'm
provemcnts were, as n rule, more mate
rial In the usually Inactive securities.
The aggregate sales were S2,595. 900.
Government bonds displayed nm i'm
proved tone and were more active. the
sales ~hggrcgating $4,000
Evening Posts London financial ca
biegrnm:
Business Ia improving slightly In the
ftock markets here. Interest conferred
to-day In Canada Pacl1cs and Amerl.
caBs. A larger business was done In the
latter than had been done for some time
past, II IN thought the dealings wcri
principally on American and cont.
nental account. Dealers here are con-
WINGED that II the movement In Ameri.
Fans continues the public will come In.
The expression Is common that the pub
lie will wait until the securities are q
few dollars higher. American jobbcrs,
at amy rate, are iubilant to-day over
the more active condition Of their books.
Prices closed al tho best. Mines remain
very firm, The Paris bourse waa quiet
and the Berlin market firm, with some
quiet buying OF Americans.
poNb QUOTATIONS