The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-16
FINANCE AND TRADE
The Features of ths Money and stock
MaFkSts.

ulmef AT l2Wz per cent ldsl iodIl pSA
cent; closed at per cent Prime mer-
camille paper 4d4h per cent. Sterling
exchange steady, with actual business
in bankers bills at 81 S594 S5fs Cor de-
mand and at 81 S9S: for sixty days.
Posted rates 81 SSA4i S4h and 81 S6q
4 seq, Commercial bills 81 Slhgi 81,
Silver certificates 565sc, Bar silver 5b&c'
Mexican dollars 43c,
To-day's market was extremely irreg-
ular, but the average level of prices was
lifted as a result OF the days opera
tions. The strength shown was very
aggressive In spots but many OF the
shares recently active in the market
moved scarcely at all, The Vanderbllts
were again centre Of strength on the
reports of large increases in earnings
and most OF them advanced a point or
more in the days trading. New York
Central was heavily dealt In and ad-
vanced ia per cent on the estimated
increase in the surplus for the current
quarter OF $G72,9jl, and In the reported
Increase In the gross earnings for the
FIRST week in September of over SiS8,0o0.
Northwest and Omaha also continued
their concurrent advance on the bene>
fits to accrue from the prospective IN
crease in Omaha's dividend, the eN-
treme rise in each exceeding per cent
during the day with IA reaction on profit
taking. Lake Shore also was taken in
hand by the bull element during the
final hour OF trading and rushed up 2B
per cent, apparently for effect in suS>
tanning the balance OF the market, The
same element was instrumental IN
hoisting the price of Pennsylvania
which has only been listed for short
time ON the New York exchange 3S
points. the subsequent reaction being
about Y per cent A jump of 20 points
in Consolidated Gas. even though II was
a limited volume of transactions, was
also a sensational feature in the mar
ket. The recent speculation which has
centered In Union Pacific continued the
advance In that stock and benefited the
price to the extent OF over a point Kan
sas & Texas preferred also continued to
manifest the strength which has char
acterized 1t In the recent speculation
and advanced over u point. Reports
circulated OF large increases IN earnings
turned attention to General Electric.
and that stock rose at one time nearly
. points. These elements OF strength
could not but serve TO sustain the mar
ket. and the advance Of St Paul and
Burlington to new high record prices
for the year We're additional factors.
But nevertheless there were COnsplcu>
Gus exceptions to the strength Of the
market, such stocks as Missouri Pacific,
AtchIon preferred, Missouri Pacific pre-
ferred, Louisville, Southern preferred,
Cleveland. Cincinnati, Chicago q st.
Louis and Chesapeake & Ohio tagging
quite heavily In the advance and In
some cases closing below yesterday, 4
number of the industrlals were con-
splcuously weak including Sugar pre-
ferred. Leather preferred, Illinois Steel,
Tennessee Coal and Bay State Gas. SUI
Ear common, which sold ex-dlvdend to-
day. lost all Of It's early gain before the
close The COaleTs were somewhat
heavy during the day, but improved
slightly before the close apparently in
sympathy with the lively advance in
o. & W., and s. g. w. preferred. The
latter opened 5h points and reacted.
Chicago Gas and Bacede Gas were
quite strong. the former advancing
nearly points and the latter points,
but both showed a subsequent reaction.
Less was heard to-day OF the prospects
of immediate imports OF gold, the eX-
change market showing a steady tone,
though very duh and no furtherharden-
ing of the rate for money In the local
market being percebtlble. Exchange Is
still fully cent above the gold import
point, but It seems evident that any ma
terial rise In money rates here would be
met by gold imports and consequently
by check to the advance. one Of the
features Of the day In Wall street was
sales Of Standard oil llquidatlng cortl-
iicates on the curb at 1914, which is Oh
points advance over the previous price,
There was considerable decrease In
the volume of bond dealings hut prices
generally advanced. Total sales 81
5i3, 100.
United States old As we're x per cent
lower bid.
The total sales of stocks to-day were
G2i .2i2 shares.
Evening Posts London financial ca
blegrlm:
The stock settlement has been salts
factorlly concluded and the business In
the stock market to-day was quiet, eX-
ccpt In American rails and In Grand
Trunk. which has risen sharply on the
New York lead 4 feature tonight IL
the rise in Union Pacific to nearly a.
The condition Of exchange on New
York attracts attention, but the best In.
formed stlll look for 40 gold movement
to Now York until next month.
have some reason to believe that the
directors Of the Bank Of England viii
Tomorrow publicly dlsavow any truth
OF the reports Of an Increased holding
Of oliver reserve,
South American stocks we're duh and
KatIira were firm.
The rise IN Paris exchange on London
is Immediately due 10 large wheat pur-
chuscs from America. London private
discounts are firm: q large business Is
now boinE done In the open market
unCh day by the bank
The market In Berlin was atcndy, and
that In Paris was irregular and quiet.
BONDS AND STOCK QUOTATIONS.