The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-08-12
TIHAHcE AND TRADE
The feature. q the Money and stoeI
Markets.

IAFketS.
NEW YORK. Aug. 11.-Money on call
firm at 14s93 per cent; last loan per
cent. Prime mercantile paper 3ltg4H
per cent. Sterling exchange steady,
with actual business IN bankers bills At
I s5N o. s51ls for demand and at 81 ss7t @
81 for go days. Posted rates 81 S41a9
4 IS and 81 1904 sgls; commercial bills
81 S3N. Silver certificates 5S& 950iSc,
Bar silver 69Kc. Mexican dollars 455sc,
To-day'6 business on the stock ex-
change was the largest for many
months. Trading was very broad and
comprehensive and the tone Of speculae
tlon extremely varied. The general un-
dertone continued unmistalsablY strong
The decline In prices was not allowed to
proceed to any great length before dull-'
ness ensued and a short time renewed
demand would carry prices upwards
again, generally on q much smaller vols
ume Of business than that on which they
had declined. Business was 80 large
and was go widely distributed that
movements Of special stocks had little
influence on the general list and the
market at times showed extensive ir-
regularity. Even while large realizing
was going on at one point an. eager de-
mand would spring up at another and
keep the balance about even. Consid-
ering the large total OF the days trans
actions, net changes are small. Orders
placed with commission houses to buy
stocks were larger this morning and
more generally distributed than al any
time since the rise set in.
This outside demand was fed with a
steady stream OF stocks which obliter-
ated the opening gain before the end Of
the first hour A large part Of the out
side orders especially in the grangers,
were attributed to western account. This
buying was induced by the unexpected
ly favorable character Of die govern
ment crop report. Realizing was on
greater scale in Burlington and Rock
Island than in the other grangers, possl-
bly, due to the Comparatively less favor
able showing Of the corn crop. The ad-
vance in AtchIson preferred brought out
such a food OF offerings that the de-
mand seemed to be abandoned largely
and turned to other low priced stocks. A
number OF preferred railroad stocks
which have not yet come TO the full dIvi-
dends to which they are entitled and
some OF the junior stocks on which a
surplus over preferred stock has been
earned but not dlsbursed, were especial
ly prominent Northern Pacific COM
mon was the leader in the late specuia-
ton at an advance OF 2 points and Den-
yer preferred rose at nne time IL per
cent. The Industrial specialtles were ir-
regular, moving up and down in an err
ratio manner without regard TO the gem
eral course of prices. Sugar was at one
time above 14O.while Manhattan fell us
low as los and was depressed all day,
Depression was manifest also at other
points In the Industrial list.
Prices were n,t maintained at the best
in any case but the railroads all showed
good resistance 70 pressure and closed
above the lowest. Net gains Of conse-
quence were shown In only few cases,
There were heavy offerings OF bonds
at times, especially OF recently reorgan-
lied roads, considerable part OF the
selling being attributed to foreign ac-
count Total sales A,32O000.
United States new Is coupon declined
Y and the IS when issued advanced X
per cent In the bid price.
The total sales of stocks to-day were
545, 900 6hares.