The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-29
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

The Features OF the Money and Stock
Markets.
NEW YORK, August 2s.-Money on
call steady at 2XGS per cent; last loan
3 per cent. Prime mercantile paper
4Aa5 per cent. Sterling exchange
steady, with actual business in bankers
bills at "a sSh94 ssK for demand and
at 81 S3Ha4 S3ii for sixty days; posted
rates 81 "a and 81 s7h. Commercial
bills 81 Soy. Silver certificates 500
60Isc. Bar silver 50 9-16c. Mexican doll
lars 4sc.
Government bonds firm.
State bonds inactive.
Railroad bonds strong.
There was a marked falling on in
interest in railroad stocks to-day. COM
pared with that prevailing last week.
Interest shifted into the industrial
specialtIes and a number Of these were
marked up in a feYerlsh and irregular
manner. The general list was main
tained with difficulty and a slight fur
ny In call money in the last hour carried
prices with few exceptional cases Of
strength below last nights level. In
the final hardening movement on COW
and a few obscure railroad stocks rose
anew to the top level. This made the
closing OF the market firm In tone. but
the majority Of standard stocks show
net losses. An influential factor In the
hesltatIng and doubtful tone OF specu-
lRtlOn wns the renewed anxiety over
the money market outlook caused by
Saturdays bank statement. Call mo-
ney was quite stifiy held at SO
cents all day and was marked above
that In the last hour, possibly not with
out manipulation. But the fact remains
that the present low stage OF surplus
reserves Of New York clearing house
banks keeps the financial world keenly
observant and In n somewhat uneasy
frame Of mind. Professions Of conH-
dence that the west Is amply provided
with funds to finance the coming crop
movement without calling on New
York do not altogether avail In face Of
the condition Of the local banks. Meth
err does tho suggestion that the local
trust companies have large available
funds which do not figure In clearing
house banking reserves. Although
both OF these explanations have un-
doubted force. The buying for London
account which has served to sustain
some stocks recently was missed.
There were upward movements nf Inn
pOrtRnce to-day in the Tobacco stocks,
Manhattan, Metropolitan Street Rail-
way. Sugar and some Of the-iron and
steel stocks. the latter under the In.
fiuence of a declaration OF the first div
idend on the Republic Steel preferred
mt ~ per cent called quarterly. Ameri-
can express jumped ten points over
Saturdays price. on the other hand
there was weakness In International
Paper, Colorado Fuel, Brooklyn Tran
cit, Tennessee Coal and few other
specIhltles. In the railway list the
only stocks to show any marked de-
mand were Southern Railway preferred
and Kansas & Texas preferred. The
Chicago. Grcntwestern issues showed
Wide changes, but were rnther fcveriHh
Mt the advance There were besides
noteworthy gains In Mobile & Ohio,
Hooking Valley preferred, Omaha,
Northwestern. New York, Chicago & st.
Louis second preferred, Evansville
Terre Haute preferred, Wisconsin Cen
trail preferred, Minneapolis, ST. Paul &
sault Ste Marie. and Iowa Central pre-
ferred. There were notable gains IN n
group Of hiRh-priced stocks, Including
Lncknwnnnn, 81. Paul preferred,
Northwest preferred. Wells Fargo and
Pullman New Haven and Omaha pre-
ferroa were bid up without sales, the