The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-08-23
rlF5Ece I'D TRADE


Vhe Feature q. k.aF HApHeg N~N |s-t--
Aii,Sh-is.
NEW YORK. Aus. 22.-AIeney GA can
steady at ,s02 per cent; last loan ~
per cent. Prime mercantile paper 3l&@
4 per cent. Sterling exchange easy.
with actual business ia bankers bills az
"a s5MG4 ssh for demand and at ~ ssR
al ssK for 60 days. Posted rates 81 SAC
I S4is and 81 So. Commercial bills
81 s2M. Silver certificates 5sR@SsAc,
Bar silver ss%c. Mexican dollars 4sc.
The stock market resumed Its familiar
character OF the greater part of last
week to-day with the exception that the
early strength OF stocks was not fully
recovered at any time subsequently. In
fact the closing was rather easy in tone.
prices being subgtaired with apparent
difficulty at a point decidedly below the
best. but somewhat above the lowest.
In the grangers the opening prices we're
the best at level OF about to III per
cent above the bunyant top prices OF
Friday afternoon. This level was help
ed by the marking up of Americans In
London before the opening here on ca
bled orders from New York! 1t was the
evident purpose to make the opening
high for liquidation on profits. The
commission houses were known 10 have
large volume OF orders to buy. and In
many cases there was no price rastrlc.
ton on these, the order being to buy at
the market. The realizing sales in the
first hour were very heavy. and in spite
Of the large outside demand prices Of the
grangers melted away before the profit
taking sales. Before St Paul had en-
tlreIy lost Its advance there was let
ting up Of the pressure to sell and prices
turned upwards again. The tone Of the
group was somewhat heavy the rest Of
the day, though st. Paul rallied above
11s before the close. The Pacific stocks
also showed evidence OF profit taking,
but the Northern Pacifics rallied on the
showing OF an increase of earnings for
the second week in August of 1884.
There was heavy buying of AtcbIson
during the day and Louisville & Nash
Vile advanced over a point near the
close on reports of a project for steam
ship lire TO Havana. There were numer-
Gus extraordinary price movements In
special stocks, Minnesota Iron covering
a range Of II points and Illinois steel
about points in efforts to adjust pro-
portion of valuation on the consolidation.
International paper stock was up II
points and consolidated gas had break
Of about 10 points. Cotton oil advanced
AZ and rubber almost points and lost
1t all. There were extreme movements
and there were subsequent reactions and
recoverles which reduced them. Man
haitian was consistently weak and Peo-
PIES Gas was ralded down points by
the bears hut afterwards fully recover
ed. The railroad list generally held
very firm In spite OF the unsettiing inhu-
ence Of weakness in the specialties and
profit taking In the grangers. many
stocks showing gains ranging up to a
point or over. Sterling exchange show
ed a further decline on the diminished
offerings of stocks by London In the
stock. The break In wheat had some
what unsettllng effect in the stock mar
ket but the large increase in primary re-
ce!pts makes for the benefits of the rail-
roads. The bonds market was active
to-day and showed higher prices, the
Atchison issues being conspicuous.
Total sales SS,G4O,oOo,
Total sales of stocks to-day 6il.4O0
shares.