The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-10
FINANCE AND TRADE.
This Feature. of the Money and s,osi
Markets.


This Features OF the Money aud stoeL
Markets.
NEW YORK, July 9,-Money on call
easy at 1q1lA per cent last loan ~
per cent; closed at lalA per cent.
rlme mercantile paper SG4 per cent,
Sterling exchange firm, with actual
business in bankers bills at 81 S7G
4 S7R for demand and at 81 s694 ssa
for sixty days, Posted rates 81 S6IkG
S7is and 81 SSa4 SSk. Commercial
bills 81 So. Bar silver 6OHc. Mexican
dollars 47c.
The result OF the days trading is
small average net gain In the price Of
stocks. But the larger part of the sales
during the day was made at prices con-
siderably below yesterdays close and Il
was only In the final hour that a cover
ing movement stiffened prices to n level
above last nights close, and point
or over above the low level
of to-day in many shares, There was
no news to account for the general
movement Of the market, unless II was
the continued good prospects for crops
which sustained the grangers. The
strength OF Des Moines and Fort Dodge
and Chicago Greatwestern. continued,
and was attributable to belated share
in the Improvement which has been
general In the market for several weeks
and which was precipitated by marked
operations OF inside interests OF those
properties. Pacific Mall was very ac-
tive and notably strong on the reputed
intention of the directors to raise the
dividend rate. Omaha was favorablv
affected by the story that the proposed
blanket mortgage for 900 nu-
thorlzed by the Northwestern directors
for refunding operations Is to be APP
piled to the refundlng OF Omaha issues
as well, through the merging OF two
roads. This rumor affected Omaha
more markedly than 1t did Northwest
itself and in fact gave an impetus to
prices In the whole market. New York
Central sold at one time during the
day on reports that Its officials had Sc
cured a controlling interest In the Lee
high Valley. The stock reacted sharp
iy upon a denial of this report from an
accepted authority on both New York
Central and Lehigh Valley affairs. Chi
cago Gas was vigorously attacked and
sold down l9s per cent below last night
close on report that the plan of con
solicitation included an Increase OF the
bonded debt, but practically all OF the
loss was recovered. Sugar was the
subject of the usual flood of ru-
mors regarding the intention OF
the tariff conference, but ruled
above last nights close nearly all day
and closed with net gain OF point,
rising sharply at the close on cover
ing. The market was almost wholly
made up OF special incidents as the
above.
Commission house buying was lack
ing, the London market was not fac
tor and in fact manipulation made ef
| fectlve by the narrowness OF the marker
was about the only influence which
made itself manifest. There was a
| marked dimlnuton in the volume of
dealings and Sugar, st. Paul Burling
ton and Pacific Mail absorbed abou
one-half the total. Des Moines and
Fort Dodge & Omaha gained lA per
cent net each and New York Central a
point. Otherwise net gains Of fraction
were general. A number OF shares
showed recovery of over point from
the low point, including besides the
above Chicago Gas, Rock Island ana
Pacific Mall Minnesota Iron rallied
points, net gain OF per cent. in the
closing dealings Iowa Central pre-
ferred lost ~ per cent.
A brisk inquiry prevailed for the mid
die grade bonds and some substantial
improvements were recorded The
general market also advanced slightly
while more cheerful sentiment per-
vaded the dealings than for some time.
| The aggregate sales were S,i5O,000.
The principal gains were susquehan-
ma & Western general per cent and
Detroit Gas Js, ~ per cent; Brooklyn
Transit 5s and Standard Rope Gs dis
played quite some irregularlty, but clos
cd practically unchanged.
Government bonds were shade lower
all around. The transactions were SlO-
| 600.
Evening Posts t.oudon RnaRclal ca
blegram;
The stock markets here, after a day
Of extreme dullncss closed firm, Amer
leans remained under the New York
parity. The only feature was revival
Of the demand for Argentine rails
| Copper was firm, Canada Paclfcs were
largely bought for New York parties at
the close, on the Paris bourse there
was a better tone and more business
The Berlin market was quiet
BONDS AND STOCK QUOTATIONS..
New q. s " rcgi2iA Nash & Chat. CO
| Nsy u. S IL cOuigiA ~ j. Central D.. NM
Il, Gs ,tg,.nnlli14 Nor & W, pre-, ?sh
| U. $ ., co1pUn.llllH Northern Pace laIg