The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-07-29
ElNANcR ANn TRApE.
The Features ofthe Money and Stock
Markets.

The FeaAuEG4 Oh Allp AAuueI tAAiA eepsAH
Markets.
NEW YORK, July 2s.-Money on enll
SRa4 per cent: last loan 80 per eeat-
Prime mercantile paper shG4h per
cent. Sterling exchange weak. with
actual business in bankers bills at
81 S6%G4 81 for demand and at 81 ss%
for 50 days; posted rates 81 s4lt64 $50
and "a ss64 ssh commercial bills 81 50
a. 81. Silver certificates eO%6s1c. Bar
silver sOHc. Mexican dollars 4Sc. Cow
eminent bonds arm. State bonds mac
tive. Railroad bonds strong.
To-day's stock market was strong
early and traders generally ranged
themselves on the long side. The shorts
took alarm from yesterdays rise and
the continued upward tendency this
morning and covered rather extensive
lines London marked up prices before
the opening here and bought a consid-
cradle amount In this market. The
sentimental effect of this buying was
even more pronounced than the direct
demand for the stocks. The recovery
In French rentes in Paris also hei a
stimulating effect and part Of London's
buying Of Americans was reported to
be for Continental account. Taken all
in all there was sufficient demand for
stocks to run the forenoon business up
to within 10000 shares Of yesterdays
total transactions and considerably
over the total for some days Of this
week. Business fell OF. however very
notable In the afternoon. The public
showed Itself still coy about coming for
ward and bull operators in consequence
proceeded to take their profits on the
advance. The stocks which advanced
yesterday and the day before were
specially affected and in number Of
cases were carried below last nights
level. The st. Louis Southwestern
stocks, Kansas & Texas preferred, Lake
Erie & Western and the trunk lines
were examples. There was neverthe-
less an appreclable increase in commits
sion house business. This was conspic-
uous In the grangers. Burlington lead
ing on account OF the benefit to the
crops from rain. The coalers were
notably strong on the approaching
operation OF higher scale Of prices IN
Lackawanna. which in addition enjoy
ed the benefit Of a reported combination
with New York, Chicago & st. LOUIS.
rose an extreme 4 points. Louisville
was the leader in the market consider
ed as to both strength and activity. It
closed at the top prices at net gain of
2% per cent over yesterday. Since the
dividend of per cent was taken on yes
terday morning, the stock has risen ~:
points. There was an active demard
for Sugar all day and the price went to
1915. National Steel was strong on the
reported requirement OF new property
and Brooklyn Transit rose on extreme
ia per cent. There was belated up
ward movement in some Of the South
western stocks not heretofore affected.
Denver & Rio Grande preferred. South
ern Pacific, st. Louis and San Francis
CO second preferred, and the st. Joseph
and Grand Island stocks, gained frcm
to points. The late realizing move
ment carried prices down from the best
and the market closed dull and easy.
To-morrow's bank statement is ex-
pected to show another loss in cash ow-
ing to operations with the sub-treasury
though there has been net gain in the
Interior movement. Sterling exchange
was weak and lower on account of Lon-
don buying stocks here and on an In
creased supply of commercial bills.
Bonds did not respond fully to the
strength in stocks but prices are gen.
orally higher.
Total sales par value S2,12sOOO.
U. S. IS registered advanced y per
cent In the bid price.