The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-15
FINANCE AND TRADE.
Tho Features of the Money and Stool
Markets.

Tho Features OF the Money and Stock
Markets.
NEW YORK, August 14.-Money on
call easier at 2ha3 per cent; last loan
8 per cent. Prime mercantile paper 4K9
5 per cent. Sterling exchange firm.
with actual business in bankers bills at
81 1894 SSK for demand and at 81 S2a9
4 S24 for sixty days; posted rates
"a s9ha4 81 and 81 s794 STA. CONNER
clal bills 81 SIN. Bar silver 6ONc. Mex
lean dollars 4sc. Silver certificates 6O9
6OHc.
Government bonds strong.
state bonds inactive.
Railroad bonds strong.
The stock market started of with
something of an upward rush. stock ex-
change traders and small outside
following had apparently come to the
conclusion that Saturdays bank state
ment indicated that all Ye1ed prob
lens In the money market had been
settled and that ense and abundance OF
funds were now at hand. The tlrst
sharp advance in stocks, however, DEM
onstrated that the pressure OF some
heavy selling would have to be en-
countered on any general upward
movement. The market thereafter
lnpsed into the spotty condition which
has been It's recent characteristic A
small number Of stocks showed very
marked strength, but the usually ac-
five and prominent stocks lay practice
ally dormant throughout the session
and showed q sagging tendency which
the strength In special instances had
no effect towards counteractlng. Ten
nessee Coal & Iron advanced by sensa-
tlonal leaps an extreme 6% points, CIV
ing color to prevalent rumorS OF
corner in the stock. The closing was
feyerlsh below the high level and the
net gain was az. The announcement OF
the settlement Of the shelters strike In
Colorado enhanced the prices Of quite
n number OF stocks, including American
Smelling which Ia most directly Affect
ed, Colorado Fuel, Denver Rio
Grande stocks, and Colorado Southern
stocks. Gains in the group ranged
from IL in Denver & Rio Grande, to ~
on Colorado Fuel preferred. The smelt-
ing stocks rose 2& and pa respectively.
The railroad stocks showing strength
were comparatively few. The Chicago
Greatwestern debentures went down
ward after their notable rise on Satur-
day and are nearly two points on on the
day, but the preferred "a stock is UP
over two points, and the preferred
"B" stock over n point Besides these
there are notable gains In the Pitts
burgh, Cincinnati. Chicago g. ST. Louis
stock, Louisville. Kansas & Texas pre-
fcrred, the Minneapolis, st. Paul and
Sault Ste Marie stocks, Cleveland. Lo-
rain & Wheeling preferred. New York.
Chicago & st. Louis stocks and some OF
the low priced railroad stocks. Comb
depce over tho money situation had
relapse. the conviction growing that the
SATURDAY bnnk statement may not be 4
fair reflection Of Saturday conditions In
the market. Unensiness and depression
were also reflected from abroad, polit-
icol dIs1uJet In France and advancing
money IN London and Berlin threaten
ing some pressure OF liquidation from
those nuaTters should this country's
credits be chilled home. Whatever ease
ia manifest In the money market u rea-
llzad TO be due to the qulctude OF spec.
ulntIye markets the world over nnd
conservative heads In the financial
world nre inclined 20 frOwn upon an
outbreak OF speculation The closing
OF the market was active. but extremely
Irregular. Peoples Gas mounted above
i22 on the announcement or the ncqulSl-
ton Of the Pullman Gas Company'while
other stocks tended downwards. Net
changes are mixed
The bond market showed Increased
activity, Kansas q Texas seconds lcnd-
Ing. Prices nre higher. Total sales par
value, S2,bSl,OOO. United States Ss ana