Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-07-21
FINANCE and TRADE.

New York, July 20.-Evening Posts
London financial cablegram:
The stock markets here remain idle
and dull, the only feature to-day being
a sharp recovery in Canada Pacific and
in Grand Trunk to be on reported adj
justment of the rate war, but as said
in the dispatches yesterday, the mar
ket was ripe for an upward turn.
Americans opened dull, then rallied
on New York prices and closed firm.
Spanish tours continued fiat on sales
by weak bulls here, but closed above
the worst on Paris support
New York, July 20.-Money on call
steady at 1A@ per cent; last loan at
IA per cent.
Prime mercantile paper $40 4per
cent.
Sterling exchange steady, with actual
business in bankers bills at $485R@
4.S5A for demand and at S4.S4A@
4.941a for 60 days; posted rates 1850
4.S512 and $4.S6h @4S7
Commercial bills S4S3@4s31a-
Silver certificates 59A@59%c.
Bar silver $3.50.
Mexican dollars 45Ac.
L. S. new As registered. .........1A @12fR
Y. S. new As coupons. ...........1 2o Q12512
Y. S. As registered. .1Q912 q ll012
Y. ). As coupons. .lI0AQlll
u. s. Ids. Observation-Disclosures. 20
L. S. 5s registered. ...............1 l1AQ112A
Pacific 6s of 95....................10 2
Government bonds strong.
State bonds dull.
Railroad bonds steady.
Stocks-The slight increase in the
volume of dealings in stocks to-day
would by no means warrant the term
animation, but it conveyed an intima-
ton that business in Wall street is not
entirely dead. Any striking develop
ment in the situation would lead to
an outbreak of activity in speculation.
The morning advance was OccasiOned
by nothing more than the covering of
short contracts put out by the small
traders yesterday The assertion that
the Madrid cabinet had determined up
on negotiations for peace was used to
advance prices, and it was rather sig
nificant that they held firm in spite of
the demonstrated unreliability of the
report and the decline in Spanish tours
in London and Paris. ReasSuring Off
cial utterances from Washington re-
garding the yellow fever situation and
from the Metropolitan Street Railway
authorities regarding the effect of the
temporary suspension of part of their
lines pending reconstruction removed
the principal elements of Yesterdays
uneasiness The foreign crop prospects
are scanned with the utmost attention
as the price for our surplus bread
fo1 no hn Of
uation. The ruling price of cash wheat
is almost on parity with that of a
year ago. But at that time exporters
We're doing hand to mouth business,
because of what they regarded the pro-
hibitive price of wheat. To-day the
farmers are holding back the new crop
through a feeling of dissatisfaction at
the price offered. The foreign exchange
market is also showing the effects of
grain bills coming forward and is
heavy in tone and dropping towards
the gold import point after net imports
Of gold for the year of about 100000
coo. New York banks continue to lose
to the sub-treasury and New York ex-
change at Chicago to-day fell to 20
cents discount But money continues
easy and rates for time money are
quotably lower.
The demand for Denver and Gulf
firsts on reorganization prospects con-
tinued to-day and there was a distinct
awakening of activity in some of the
other speculative bonds which moved
so eonspicuously last week. Prices in
a number of other cases are notably
higher. Total sales $2,600,CO0.
The new government 3's when issued
were In strong demand to-day and
1O35a was bid for them in Wall street.
A transaction was made at 113%, u. S.
new SIS and the rs advanced / per
cent. the old As coupon and the SIS