The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-29
rlHAKoE AND TRADE
Til, Feature. Of the Money aud stock
Markets,

tASnaHkc SL-dhAf wa $3.50.
In bankers bills At 81 SlAW4 sifs lor
demand and at 81 SSi4qi S6ls ior slNty
duys. Posted rates " elQi slis ana
81 sSQf Sstt. Commercial biiis q eSk@
S54. Silver certificates offered at osc
Bar silver $3.50, Mexican dollars 4ehc'
The dominating influence OF me
stock markets strength to-day was the
prosperous grain trade outlook. Prob
ably over half a million bushels OF
wheat were engaged for export to the
continent, although only some third OF
million was reported from outpovts.
The favorable weekly government grain
report was doubtless a factor In the
recovery OF confidence TO the dlscon-
certion OF the reactlonIsts on the stock
market. But little effect was felt In
the early dealings from lower London
quotations as the continuance OF recent
heavy buying by New York on the Lon
don exchange reversed that market,
Americans there closing at the best
prices OF the day, Atchlson In particular
attracting attention. AS London In the
early dealings did not respond very
quickly to the local strength, arbltrage
brokers found frequent opportunities to
buy In London and sell at a profit here
Meanwhile, however, Louisville, Atchl-
son, Southern and Reading were pur-
chased here for foreign account, There
was much variety and breadth TO the
dealings here, with heavy commission
house orders from practically the open
ing to the close. More stocks were ac-
tive to-day than at any time In the
present upward movement, Cotton OH
Lake Erie and Western and oregon
Navigation shares ana other usually
dormant as well as the more active
tsocks, as for instance Sugar and Atchi-
son preferred, were features In the
days dealings The industrlals and
grangers on large dealings aroused con-
siderable Interest, being up fractonally.
Southern railway properties, including
Louisville and Southern preferred We're
up over point each on prospective In
creased earnings when cotton begins to
move freley. Rumors that the results
OF the Wabash's fiscal year would be
better than recently expected caused
the preferred to rise over point. STU
gar, after fluctuating erraticafty, touch
ed l39%, 2 pes cent of the gain II lost on
bear attacks In the final dealings, leav-
ing the net gain less than q point. The
raid had but little influence on the rest
of the list, the buying continuing good
up to the close, although some, specula-
tors realized profits on purchases made
earlier in the day. On Boston and local
buying Rubber preferred gained three
points and the common fractionally on
reports that the former president of the
company had made an agreement on In
formation that the earnings for the
third week In July would show a large
Increase over last year, showing the
large volume OF business now being
handled by the road This report was
said to have been received by some of
the directors. Two rumors circulated
to-day considerably benefited the prop
critics concerned. They were that ac-
ton might be taken on the dividend for
Louisville before the January meeting
and that three per cent would be paid
on the Atchlson adjustment in October.
on less than the usual dealings, Tobac-
co rose fractionnlly. There were no
important losses and the principal net
advances were: Rubber preferred 8;
Cotton OIL az; Lake Erie & Western
preferred 2N: oregon Navigation 9ss;
preferred 3js; Southern preferred, Atch-
lson preferred, Cotton. oil preferred,
Standard Rope, Lake Erie g. Western,
louisville, Rensselaer, & Saratoga,
Southern preferred, St Paul and Du
luth. American Spirits, Common and
Preferred. Wabash preferred and st.
Louis & Southwestern preferred.
A keen inquiry developed for Atchl-
son adjustment fours In the bond mar
IsaN ar n
SAY.
This issue has been rather. neglected
Of late and the revival OF activity was
attributed In part to foreign purchases,
based on the excellent outlook for In
creased earnings by the Southwestern
roads.
The general bond market moved up
sharply on heavy dealings, which In
cluded considerable variety OF secur.
tiles, The aggregate sales were $780,
O0O
Governments we're quiet, but contln-
ued to tend upward. The aggregate
sales were 100000.
The total sales OF stocks to-day were
G99.jOO shares.
Evening Posts London financial ca
blegrnm:
To-days markets we're active and
buoyant. closing at the best Business
Is spreading. Home rails We're strong.
There were large dealings In Kafiirs at
rising prices. Consols moved up for the
first time for days.
Americans opened on profit talSings
and on the apparent signs Of weakness
in New York The renewal Of Amerl-
can support made prices boom to the
best OF the day Except In the case OF
Atchlson. however, were largely bought
here and by the continent, dealings
were still comparatively restricted.
Gold Is stlll in strong demand, over
100000 pounds having been bought in
the open market this week for Austria,
The Paris and Berlin markets were
good.
BONDS AND STOCK QUOTATIONS,