The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-13
FINANCE AND TRADE
The Features or tho Money and Stock
Markets.


cent; closed offered at per cent Prime
mercantile paper 3&G4h per cent.
Sterling exchange easy with actual bus
mess in bankers bills at 81 S5%@4 S5la
for demand and at 81 S3RG4 81 for 60
days; posted rates 81 S4lsq4 Sc and
81 SGhQ4 81; commercial bills 81 SO,
Silver certificates 55c, Bar silver 65&c.
Mexican dollars 42lac,
The volume OF dealings on the stock
exchange came near the high water
mark OF last Monday, transactions
footing up $4,000 shares as compared
with $4,000 shares on Monday. 1t was
n rampant bull market all through and
the most striking feature of 1t was the
assured touch with which q number of
long buried and almost forgotten stocks
were brought out to the light of day
and very noticeable degree Of anima-
ton instilled into them. The opening
showed the lively speculation in Union
Pacific still undated. with no special
news to account for 1t. The price
jumped to 1i% as compared with last
nights close at II in the first few min
utes OF trading, but did not hold at the
high point owing to the selling for Lon
don account. Sales were nearly $4,000
by those of Sugar. The excitement in
the wheat market accompanying the
continued rise In wheat was still the
predominant factor In this market and
helped to carry up most OF the grain
carrying roads point or over. Chlca-
go Great Western was an exception
and Jagged all day, ,receding quite
sharply on profit taking. Northern Pa
n atth nj al
gain, scored q sharp loss at the close
on the announcement of the changes in
executive officers and the emphatic
statement accompanying 1t that the
road would continue to be operated as
an Independent property. There was
heavy realizing sales all day In great
many stocks and such sales were the
decisive influence in heavy close.
There was renewal Of activity In the
high priced industrials, notably Sugar,
Tobacco and Chicago Gas. These
stocks made sharp rises at one time
during the day, Sugar touching a new
high price record at 1855, but oil suf-
fered keeRly from reaction, and we're In
adverse influence in the market State
ments Of railway earnings continued ia
vorable, notably Louisville 4 Nash
vile, which showed an increase In earn
ings for the first week in August OF &c.
SIS, Chesapeake g. Ohio with an increase
of S42,2S5. and Southern with an in
crease of S33, 449.
All Of these stocks enjoyed special
benefit from these statements as well as
the benefit to the general Improvement
Of values. London continued to sell
stocks here and to be ignored in the
effect. Sterling exchange and more no.
tably continental exchange continues to
show weakness and to go lower. The
following are some OF the significant
figures In the days trading: Atlantic
Il Pacific was advanced from ", the
quotation ruling for long time past,
to III on sales Of 5000 shares; Bruns>
wick Mining Company rose from l% to
"a; Colorado Coal and Iron Develop
ment Company from 3 to 8; Baltimore
a. Ohio from 12h to II; Baltimore 4
Ohio Southwestern preferred from 81
to 6ls; Hooking Valley from 3k to Az:
Central Pacific from II to 14k; Keokuk
a. Des Moines preferred from 16 to 10;
LInseed OIL from 1873 to 10; North
American from 5h to on sales Of 1000
shares: Quicksilver preferred from TO
10Is: Union Pacific, Denver e. Gulf from
4M to ~ on sales of over $1,000 shares;
Wheeling IL Lake Erie from tx TO 2&
on sales OF $4,000 shares, and so on with
other neglected low priced shares in
less noteworthy degree. Net gains were
the rule In the active list. though the
number of prominent stocks In which
the gain attained point Is small.
Many less active stocks show larger
gains, extending up to ga In Starch sec
ond preferred. There were fractional
losses In Tobacco, do. preferred do.
Brooklyn Transit. Chicago Great Vest
ern, New York Central, Omaha. Ten
nessee Coal and the Leather shares.
Illinois Steel declined points
Transactions In bonds embraced an
unusual variety of issues, with the up
ward movement which had so long dom
mated the speculation unimpeded. The
purchases for continental account were
very large and included the leading in
vestment and speculative Issues. Gains
Of a point or SO were numerous, with
bull sentiment very pronounced at the
close. The aggregate sales were $1,000
900.
Governments held firm on purchases
of $1,000
The total sales of,stoeks to-day were
7j2, 500 shares.
The Evening Posts London financial
cablegram;
The business In the stock markets
here to-day was entirely ccntcred in
Americans, In which the dealings were
enormous. The slight rise In New York
exchange was Offset by rise In the
price of coin Prices closed practically
at the best. but animated street deal
lngE are still proceeding,
The position here In Americans Is Pc
cullar. Berlin IL undoubtedly buying
largely. II IN equally certain that the
Enplish public Is also buying freely,
but,-and mere comes the pccullarty-it
w apparently new public, and. side by
side with the fresh buying extensive
sales are made by those who have been
waiting for years to yet returns II Is
difficult to say, therefore, whether sales
or purchases have prcdOmlnltCd here
probably che latter to-day
knnlrB were weak, due to an inter
ruptlOn Of the cable service. and the
diversion Of attention to Americans
Gold was In strong demand, but there
were no more Withdrawals from the
bank.
The Paris boursc has been slack, hut
the close was nat Apparently mines
have been bought too freely there.
The Berlin market was cheerful etc
BONDa AND STOCK QUOTATIONS.
y, =. q rosu,u, QllbIorc a 3 Nav" rs
Il, 4. w INK Pittsburgh u,iJS
H. y. " COupun ne lltpndlnR uu.D 2GW
a. NJ New III fof l9iN 'itouk lHlnnlu.s kh
n H. Now Nv uuu lgih IAi Paul us.u, ~
n. ~ tH rtg..,.,ilgN,' do preferred uli2ih
IT, n iH COUPON liaohIHt Il, n Omaha Nia
puUlnU w Ut 'ni. lU2 do pfofOrrUdtulii
AtpnlHnn .....,. lal4.Suuthurn lncu 2lia
do preferred. 8lE |TrXnN a Pace "
Unl 4 uhl0.... lHt.l'nlun pnCllou NV