The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-08-30
40 TRADE
TAs Fs.tarus 81 tas Missy SD stoek
Marksts-

alAlAAAAs
NEW YORK. August as.-A0nsy CT
call armer at 203 per cent; last loan
81 per cent Sterling exchange weak.
with actual business IN bankers biIls
at "a s4EG4 Sc for demand and al
q s5Es4 ss,s for sixty days. Posted
rates q s4a4 s41s and g Sc. CONNER
ciaI bills a s264 s2I;. Silver certih-
cates 5sikd6Ie. Bar diver 6s5Sc. Mexi-
can dollars 4s5sc.
Prices OF stocks broke sharply to-
day and showed depression throughout
The hrst rally showed considerable Wig
or, but later IN the day the recuperatlve
power Of the market became feeolar
and the close was barely steady At
slightly above the lowest. Net losses
ranged from 60 over 2 per cent In
leading stocks. There was q growing
disposition to realize profits both BY
professional traders and By outside
holders. The latter was shown by the
steady stream OF selling orders that
came from the commission houses all
day. Professional traders quite gener-
ally took the side Of the market and
bears sold with growing confidence, the
demand 70 cover at the close being very
light, even With the substantial reduc-
ton Of prices There Is evident large
growth OF the powerful trading element
which has lightened its holding OF
stocks and Is anxious for lower prices
to buy back again. There was palpable
manipulation at the opening 20 tix a
low level for prices. In some OF the
leading stocks the opening was about
the lowest OF the day. Others held quite
e. 81 k,a do 90 anuafaFf
but eventually yielded TO the persistent
demonstration OF the bears In other
stocks. Buying for London account
was a distinctive factor IN the frmness
in a number OF international fnvorites,
notably Southern preferred. Erie first
preferred. Denver preferred and Nor
folk & Western preferred. There was
steady absorption OF stocks at the
decline. which was especially marked In
Burlington & st. Paul. This seemed to
be the result Of buying orders below the
level OF the market for traders account.
as well as from comm iSslun houses. The
same thing was evident In the Pactacs
and other stocks here and there
throughout the list. The tendency TO
sell was undoubtedly due TO the pros
poets OF tight money. The minimum rate
for call loans was held at per cent and
; per cent was paid in some cases. In
sympathS with the money mnrket and
with the increasing supply OF grain and
cotton bills, actual rates for sterling ex-
change declined Z IN the pound. The
London money market was marked ~.
a sharp fraction to-day and there was
buying OF gold in the open market
there, said to be for shipment to New
York. No engagement was announced,
however. in Wall street. Other DEPART
nelts OK the money market showed O
hardening tendency. but there was NO
change IN the quotations. Aside from
considerations OF the money market
There was nothing in the situation to
account Tor the days decline,
The higher rates for money caused a
depression IN the bond market. even
more acute than that in stocks. Some
OF the speculat tive bonds that have been
recent favosites showed marked reac-
tons and heaviness predominated in all
Issues. Total sales. $3T25,O0O.
United States IS when Issued declined
u per cent in the bid price and quarter
on actual transactions. The new Is cuu-
pom sold at 1864, decline OF &c, but
the closing bids except the IS, were I'M
changed.
The total sales OF stocks to-day were
1890 shares.
BONDS AND STOCK QUOTATIONS.