The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-01
FINANCE AID TRADE.
The Features of the Money and Stock
Markets.

The Features of the Money and Stock
Markets.
NEW YORK. July 3l.-Money on call
steady at 8hG4 per cent; last loan 2H
per cent. Prime mercantile paper SStT
AZ per cent. Sterling exchange weak,
with actual business in bankers bills
at "a s6hG4 'S6H for demand and at
81 s3H94 S3h for 60 days; posted rates
81 s4at SIS and 81 S71aa4 sS; commercial
bills 81 s2haI 50. Silver certificates
6Oh961c. Bar silver GOAc. Mexican
dollars 4sc. Government bonds strong.
State bonds inactive. Railroad bonds
irregular.
There were a number of depressing
influences brought to bear on the stock
market to-day and prices opened lower
but later there was a rally and the close
was strong. Most conspicuous Of the
depressing influences was the reported
outbreak OF yellow fever at the Hamp-
ton, Va, soldiers home. The group of
railroads liable to suffer from yellow
fever epidemic and the resulting guar
antlnes have been favorites In the re-
cent speculation, especially on the part
OF London. A setback to those there
fore was calculated TO have far-reach-
ing influence in the general list. Louis
VILE & Nashville did in fact open down
II per cent and the Norfolk & Western
stocks, Southern Railway and Chesa-
peake & Ohio were also depressed and
ruled below Saturdays level all day.
only fully recovering in the late deal
ings. The exhibit of the associated
banks in the Saturdays statement also
had some unfavorable influence in the
early dealings. a decrease Of nearly
70 600 tons In the east bound shipments
OF freight from Chicago as compared
with last weeks movement had rather
hating effect on railroads.
The effects Of these combined lnfiu.
ences was to turn the tide Of specula-
ton at first from the railroads into the
IudustrIaIs. The stocks OF iron ard
steel companies were quite largely
bought, but the earlier strength was
confined to a few OF them. Federal
Steel, Tennessee Coal, Steel & Wire and
American Smelling being the exceptions
to the early strength. Later the entire
group was affected, gains ranging from
to 81 per cent. the latter Pressed
steel Car. American Tin Plate, Amerl-
can Hoop, American Wire & Foundry
and American Smelling all shared in
the movement. The Tobacco stocks
were strong and Peoples Gas moved
inward on the declaration OF the quar-
terIy dividend. There was early de-
nresslon in Sugar on n report OF addl-
tional competition in prospect and
when this stock rallied strongly on per
cent from the low point the last evI-
dcuce OF weakness was dIssipated. The
strength and activity Of railroad stocks
was much augmented in the late deal
Ings, very heavy blocks being absorbed.
There was continued buying OF South
crn Pacific and Central Pacific. which
gained about 2 points each. Northern
Pacific. Union Pacific. Atchison prefer
red and 81. Louis & San Francisco frst
preferred. rose from to points The
coalcra were quite strong throughout
and Lnckawnnna was conspicuous for
nm upward movement OF GU points
Pittsburgh. Cincinnati Chicago & 81.
Louis rose points Sterling cxehnng"
was notably weak, actual rates drop
ping &c and the posted rates We, There