The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-24
FINANCE AND TRADE.
The Features of tho Money and Stock
Markets.

The Features of the Money and Stock
Markets.
NEW YORK, Aug. 23.-Money on call
steady at 2hGs per cent; last loan 2h
per cent. Prime mercantile paper ~
az per cent. Sterling exchange frm,
with actual business in bankers bills at
"a SsM9I ss% for demand and at - SsA
"a ssh for 90 days; posted rates 81 "a
and "a SIN; commercial bills "a 50. Sill
yer certificates 6O96O&c Bar silver
50 1s-1sc; Mexican dollars 477sc.
Government bonds weak.
State bonds Inactive.
Railroad bonds strong.
Affairs In the stock market took on a
cheerful appearance from the opening
to-day and there was no material set
back in the advance in prices from start
to finish. though the dealings were de-
cldedly irregular at times during the
day. It became manifest at the open
ing that the inside interests in Brook
Ign Transit were prepared to offer
very determined resistance to any fur
Their decline in that stock. which they
have not been doing for some time past.
To-day the price was never more than
IL per cent above last nights level and
was extremely feVerish all day within
range Of about points. But pres
sure against the stock was re-
faxed when the determined ma
ture OF the support became evident.
There was some disposition to cover
short contracts In other stocks which
have shown sympathetic weakness with
Brooklyn Transit. The cessation Of
the bear campaign left the way open
for an unoppoBed advance and there
wns a large element Inclined TO buy
stocks. The ndyance In American To-
bacco was the most conspicuous move
ment OF the day. A deluEe OF offerings
was encountered nt about every point
up, which caused q temporary halt, but
after the absorption OF these the up
ward movement was resumed. The eX-
IRENE rise was over points. GOntl-
mental Tobacco stocks rose and over
2 points respectively In sympathy. SUI
gar showed momentary weakness at the
opening. but was increasingly strong as
the day progressed and 10 up ~ points
on the day. There were heavy tnklngs
OF the Leather stocks, which have gain
cd IL and 2K per cent respectively. In
the railroad llRt business was exceed
lnEly well distributed and large NUM-
ber OF stocks show gains between and
2 points The most notable feature OF
trndlng in this department was the ten
dencv 10 turn 20 the middle and low
priced stocks. while the high priced and
established dlvldend-paylnE stocks were
almost universally left qulescenL In
Saot not n. few OF these grade show small
net losses. The small return Mt pres
ont Of dividend rates made by the high
grade railroad stocks, and the prospects
Of coming dividends or Increased dlvi-
dends In lower grade issues owing TO
tho continued Increase In rallroad earn
ings were the motives OF the develop
nent in speculation. Common stocks
Of reorRnnlzed companies having pre-
ferred stocks ahead Of them whose divi-
dend claims nre provided for with an
ncctimulating surplus OF earnings be-
Yond were the fnvorites. Some OF the
Southern md southwestern stocks
which have had recent lnrEe advances
were held back by realizing. With the
exrepilons noted strength was well dis
trIbuted through the different railroad
groups. Net 1,ains OF 2 points or up
wnrd nre EhnwH by Baltimore & Ohio.
Erie frat prefetrcd Hooking valley
Northeru Pacific, Fort Worth y Rio
Grande. Chicago & Eastern minors hnd
81. Paul & duluth rose an extreme OF
4 points. A much more cheerful Henu-
ment was reflected from foreign STOCK