The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-16
FINANCE AND TRADE
This Features OF the Money and Stock
hIArieta.


Markets.
NEW YORK, July 15.-Money on call
dull and easy at per cent; last loan
per cent; closed offered at per cent;
prime mercantile paper 39i per cent.
Sterling exchange easier, with actual
buslness In bankers bills at 81 sIiA for
demand and at 81 SGa4 s61s for sixty
DAYS; posted rates 81 TG4 sly and
81 SS14 Ssla. Commercial bills 81 S5h
Bar silver GOhc. Mexican dollars 41c.
The conference committee deadlock
on the tartff had counterpart Of the
floor OF the stock exchange among
the professional spectators TO-
day, the changes being but fractional
either way in most OF the active stocks,
but for the time being 1t would seem
that spectators for an advance might
be content with not losing much ground
ON third, especially as 1t is considered
probable that strong interests with OPP
tlmistic market tendencies prefer
qulet market pending final action on
the tariff and the Presidents currency
message in order that ultimately their
favorltes may not carry top-weight in
the advance they fain would expect
when Congress adjourns. The enormous
oyer-subscrlptlon, S50,oOO,OOO for a 81
900, 900 issue Of Metropolitan street rail-
way bonds offered at l05 and the fact
that there were simultaneous sales at
an advance OF 5lG points on the street
was taken as a certain indication OF
confidence. Moreover the great north
ern increased dividend was interpreted
as fairly indicating a steady business
recovery In the northwest. The gran
gers, the foremost beneaciaries OF such
conditions showed only temporary
strength, losing their early gain. The
favorable crop outlook coincident with
a rise in grain quotations had evidently
been discounted and ST. Paul was sub
tectea 60 professional pressure, but the
net recession was tritilng. While Lon
don disregarded the Behrlng sea dis
pute they took less interest In Amer
lean than yesterday, selling moderately
of st. Paul and purchasing q few low
priced shares and Louisville, the latter
buying being due to cnbled statements
that the resumption of dividends is pos
slble without the restoration Of wages.
Sugar suffered to the extent OF point
on repetitlons OF the rumor exploited
yesterday that the house duty will real
ly win the conference committee and
again the possible delay was depress-
ing, q number OF the committee being
quoted as saying that an agreement
might not take place for two weeks.
Tobacco was manipulated In the early
trading so as to recover the per cent
dividend. It then reacted, making n
small net loss on the day. There was
little buoyancy among the coalers ex-
cepung Susquehanna & Western pre-
ferred, which gained TX per cent, and
do common a point, the latest rumor be-
ing an European trip OF financlers seek
ing English help TO purchase control OF
the road. Local gas companies sharp
ly advanced, Consolidated Gas 20;
East river 4; preferred 81; counting
that st was exdivldend. Spectators
took 1t for granted that there will be
partial consolidation of Greater New
York gas companies, although II was
not wise TO officially admit as much and
hence the denials. The average OF
changes was slightly lower for the day.
The changes OF point or ttereabouts
not hitherto specified were gains In
American cable, Cotton OIL preferred.
Brooklyn Rapid Transit and Colorado
Fuel and losses in Des Moines &c Fort
Dodge and Lake Shore
The bond market reflected TO a mark
ed degree the general confidence IN the
financial and commercial situation. APP
precautions were general In all classes
OF securities and the revived demand
for the low grade mortgages was re-
garded as indicating considerable out
side purchases. Operations for foreign
account embraced purchases of the
most prominent international liens. The
aggregate sales were Sl,Il5,OOO.
Governments were neglected Mt the
board but held firm at bid prices
Evening Posts London financial cable
gram:
The stock markets were Of good tone,
but quiet. Foreign stocks were better
Mines were good and there was n gener-
ally hopeful feeling The Bering Sea
dispute IL dlsreEnrded In the city. Amer
leans were firm, but there was little buy
ing here. except In second class bonds
which were largely dealt W, a large
block OF bonds OF one OF the railways
was placed hero to-day. a further fall
In announced In the rates OF the banks OF
Bombay and Bengal. The rupee loan
will probably be out this week.
The Parla and Berlin markets were
steady to firm.
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