The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-30
FINANCE AND TRADE
The Features Of the Money and Stock
Markets.

Markets.
NEW YORK, July 29-Money on call
steady at per cent; last loan per
cent; closed offered at per cent. Prime
mercantile paper S94 per cent. Sterling
exchange easier, with actual business in
bankers bills at 81 s7Ma4 SIN for de-
mand and at 81 S6H94 Ss% for sixty
days; posted rates 81 s7@4 S7la@4 $50
4 sSls. Commercial bills 81 S5h. Silver
certificates 5S@5OcD Bar silver 57hc,
Mexican dollars 45bc.
The stock market was strong with a
generally wholesome look until dellV-
cry hour, when the bears raided the
market on rumors of unfavorable crop
advlces from the Dalsotas and that gold
exports on Saturday would be in excess
of two million dollars causing the close
to be irregular at slight recoverles from
the lowest, but with the greater number
of shares showing net increases for the
day. Sustaining influences on the
market were favorable traffic state
ments. rising quotations for wheat and
cotton with the engagement of another
half million bushels OF wheat from OUT
ports. Americans in London were at
tracing broadening interest, London
buying and selling some $4,000 shares
here. AT the same time the continent,
In moderate degree, purchased Amer
leans In London. The market was fea-
Il 1fta In an
cialtles and aggressive strength and
activity OF low-priced stocks, which
hitherto had participated to only a
slight extent in the general rise South
ern and Southwestern were exception
ally strong. Southern preferred advan-
ced ON foreign and domestic purchases
on vague rumors In regard to dividend
prospects, but the movement was prob
ably part of that recently displayed In
other Southern securities. On prophe-
Giles that series Of bearlsh Interviews
with Sugar people would be published,
Sugar, which had risen to 1891, was
forced down to 1877 but rallied point.
In the late trading It was claimed
that sales had been made of Dutch
granulated for September shipment, the
foreign refners having refused boun-
ties thereon, so that the American coun-
tervaillng duty might be avoided. Gen
ernl Electric advanced lM per cent, the
contracts Of the company placed abroad
being fnVorably commented upon.
Brooklyn Rapid Transit developed ear
ly weakness and recedGd 2h per cent.
but rallied a point Susquehanna and
Western preferred broke point and a
quarter In sympathy with the reaction
nry movement among the anthracite
coalers. Delaware a. Hudson also lost
u point. The grangers. except Burllng-
ton and Omaha, which held their own,
rcceded fractionally. The June net
earnings OF Burlington were over $780,
600 above thOsc Of last year and the
same amount In excess OF those Of last
May. This was interpreted as q most
favorable showing. A sllnht rise In sill
yer and the export Of 100000 In gold to
Canada were of some interest Ia the
street. There were advances Of point
or more In about nineteen shnres, with
similar declines In seven others The
advances were: Flint g. Pere Mar
qucttc preferred gA; Ice preferred 9;
East River 2ih. Cotton oil preferred,
Canada Southern, c., c., c. & ST. Louis.
tHchupcNkt O. 'lllOi 'uluIduN " h'lti'Nu-
yer & Rio Grando preferred, General
Electric, Iowa Central Laclede Gas.
Michigan Central, MINNEAPOLIS q st.
Louis iirat preferred, Mobile & Ohio,
Starch second preferred Norfolk &
Western preferred, Southern preferred
and oregon Navigation preferred
Tho declines were; Standard Rope,
Lake Shore Pittsburgh, CincnnatiC Chi
cngo 4 ST. Louis preferred, Rubber pre-
fcrrcd 2lh per cent, Delaware n llud-
son, Brooklyn Rapid Transit and Sus-
uuehnnna a Western preferred
The transactions IN railway ana mis-
ccllnncous mortgages aggregated the
largest total noted In some ycnrg, nance
~, t3,OlO.OOO. This included an cxtcn-
slVo variety Of Issues IN which Improve
mcnts Of BubFtnntIal proportions were
general but the most noteworthy In tho
middle grade Hens, Purchases fOr III
veslmont account were freely noted and
a brisk demand for tho low priced
bonds was recorded by Che foreign ar
bltragc houses,
Governments were IN good demand
and improved slightly on purchases OF
10000
The Evening Posts London financial
Cnblegram.
Most markets were rather qnlotcr to-
dny un the approaching holidays, and
South American stocks wcr weak Tha