The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-08-12
TIEABcE AND TRADE
TIE Features Of The Money ana stock
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NEW YORK, Aug. 11.-&oney on call
firm at 1h93 per cent; last loan per
cent. Prime mercantile paper SAG4k
per cent. Sterling exchange steady.
with actual business IN bankers bills at
4 S5lt9l ssh for demand and at 81 8s9t q
1 "a for 90 days. Posted rates 81 s41a9
: IS and 81 1904 Ssh; commercial bills
81 835. Silver certificates 6Sk 959lAc.
Bar silver 69Nc. Mexican doiiars 4S9tc.
To-day's business on the stock eH-
change was the largest for many
months. Trading was very broad and
comprehensive and the tone Of specula-
ton extremely varied. The general un-
dertone continued unmistakabiy strung.
The decline IN prices wac not allowed TO
proceed TO any great length before DULL
ness ensued and short time a renewed
demand wOuld carry prices upwards
again. generally on much smaller vol
ume Of business than that on which they
had declined Business was 80 large
and was so widely distributed that
movements Of special stocEs 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 enRer de-
mand would spring up at another ana
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 at any
time since the rise set in.
This outside demand was fed with a
steady stream Of stocks which obllter-
~. kf9n md
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 the govern
ment crop report. Realizing was on
greater scale In Burlington and Rock
Island than In the other grahEers, posi-
bly, due to the comparatively less favor
able showing Of the corn crop. The adj
vance in Atchlson 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 epecula-
tlon at an advance OF 27polnts and Dem
yer preferred rose at une time III per
cent. The industrial specialties were ir-
regular, moving up and down In an err
ratio manner without regard to the gem
eraI course Of prices. Sugar was at one
time above 140.whlle Manhattan fell as
low as t65 and was depressed all day.
Depression was manifest also at other
points in the industrial list.
Prices were nt maintained at the best
in any case but the railroads all showed
good resistance TO 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 ae-
count. Total sales $4,S2O.0O0.
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
El6 mn ahaFns