The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-26
FINANCE ANp TRADE.
The Features orthe Money and Stock
Markets.

The Features of the Money and Stock
Markets.
NEW YORK. Aug. 95.-Money on call
easier at eos per cent; last loan 2 per
cent. Prime mercantile paper 4k45
per cent Sterling exchange nrm, with
actual business In bankers bills at
81 SsIs64 S69 for demand and at 81 SSh
a. s3Is for so days. posted rates y y
and 81 s7ls; commercial bills 81 $40
4 S2l5. Silver certificates 609eol5c. Bar
silver 50 1l-1sc. Mexican dollars 47Hc,
Government bonds weak.
State bonds inactive.
Railroad bonds strong.
There was a marked decline IN actlV-
fly IN the stock market to-day, Total
sales falling to less than half million
shares, Very little evidence was left of
the recent upward tendency Of securit-
les. The spots Of strength were few
and far between apd were for the
most part in obscure and usually ae-
tive stocks which moved under the
influence OF special causes. Depress-
ion from foreign stock markets reflect
ed here and increasing anxiety over
to-morrow's bank statement were the
impelling causes OF the heaviness. FL
nancial centres In Europe obviously la
QQI uuuGI uuGhAluGAA QNGI VT aAh0e-
ton in the TrRnsVnRl There was in
addition the prospect OF a holiday to-
morrow on the London stock exchange
to discourage new commitments there.
The recent buying In New York from
that source was discontinued entirely
aud sales for London account were suf-
flcient to exercise a notably depressing
influence. There was an opening squirt
In American Tobacco, which carried 1t
up III per can't, but this was almost Inn
medlately lost. The specialties were
weak, the rest Of the day Sugar being
under severe pressure at times. It's
extreme decline was 81, and It's net loss
only about q point less. Brooklyn
Transit and Manhattan succumbed to
the prevailing weakness. Tennessee
Coal did better, but saved only trae-
ton OF rise Of over point. Occasion
al strength cropped out here and there,
under the influence Of which the mar
ket made some effort to advance, but
without success. There was notable
buying movement In Union Pacific pre-
ferred, based on suggestions Of COM
ing Increase In the dividend which car
rIed the price above so. Consolidated
Gas, following yesterdays dividend re-
ductlon and q seml-oificial intimation
that even the reduced dividend was not
earned climbed UP an extreme 9& per
cent on the urgent demand from the
Brooklyn Union Gas gained s%c.
There WIS continued strength In
group Of minor Brangers, St Paul &
Duluth leading with a rise Of seven
points. Wisconsin Central Duluth,
South Shore & Atlantic preferred, Min-
neapolls, ST. Paul and Sault Ste Marie
.. 4 IvnmRn
and KeOkuk & Dies MolneB preferred,
were Included In this group, gains run
ming from a fraction to two points.
Rio Grande & Western preferred, Ore
Ron Navigation, Cleveland. Loraln &
wheeling preferred and Chicago Great
Western preferred were other points Of
strength. Kansas & Texas preferred
was the only one Of the southwesterns
to maintain the early show OF strength.
Liquidation was not urgent In the gem
eral list, the market falling into In
tense dullness with the declining ten
dency. The known movements OF mo-
ney for the week indicate loss IN
cash to the banks Of nearly SS,50O,OoO,
s. 925, 900 OF which went TO the sub
treasury. None Of the gold which went
recently TO Montreal has been returned
and no gold has come from the sub
lAEAHNNg VII uNNhhAA VI eAtAAh@ &ANAAA 80
san Francisco mint. Without regard
therefore to the possible hidden drain OF
cash sharp decline In surplus reserves
IL probable unless the contraction In
loans has been much larger than mp
penred. Interior exchanges on New
York ut several important points show
ed declines to-day, and there was con-
siderable calling OF loans. The late de-
cline in the money rate TO 2 per cent
had little Significance. The rate was
quite firm during the day. about per
cent. Contrary to recent experience,
sterling exchange failed to weaken In
response 90 the aFmReSs Of money here,
but hardened n fraction under the In
fiuence Of LondOn's shles Of securities
IN New York.
Dealings in bonds were mostly In the
speculative Issues at improved prices.
Total sales par value, f2,375, 900.
United states new "a declined y per
cent In the bid price.
U. s. BONDS.
a.