The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-08-10
FlNANcR ANn TRADR.
The Features or tho Money and srocls
Markets.

The Features The Money and Stock
Markets.
NEW YORK. August .. = Closing
money on cali. 2hesz per cent. Last
loan. 2h per cent Prime mercantile
paper. 4h95 per cent. Sterling ex-
change firm, with actual business In
bankers bills at a s694 Ss4 for de-
mand and a S2H64 s2ls for sixty days;
posted rates. 81 SsA@4 "a and "a s71s;
commercial bills. 4 sly. silver certih-
Gates. sOM9slc. Bar silver. eONc. Mex
lean dollars, 4sc. Government bonds
steady. State bonds inactive. Rail-
road bonds irregular.
There was not much doing in the
stock market to-day. The market sold
of at the opening. on realizing, and on
the heavy tone impaired by sympathy
with London. Sales of securities for
London account continued to-day, on a
moderate scale. The call money rate
In London. nevertheless, dropped q
fraction to-day. and sterling exchange
in Paris advanced but in Berlin de-
cllned. There is a renewal Of anxiety
over the Transvaal question, which had
Its effect in foreign stock markets, and
was a factor in the reflected early de-
preston here. But the local market
resisted this downward tendency, and
was inclined to move upwards before
the end Of the first hour under the lead
Of Sugar and in sympathy with an ad-
dltional rise in the Minneapolis & st.
Louis stocks. Consolidated Gas was
strong, and American Tobacco forged
upward again, Its gain reaching nearly
three points, and holding well near the
top. Sugar weakened before the day
was over, but there were enough indi-
vIdual stocks showing strength to main
tain pretty firm tone, notwithstand-
ing the intense dullnes for the rest of
the day. Some of the gains were Du-
luth, South Shore and Atlantic pre-
ferred, 2h points; American Liunseed
OIL preferred, 2% points; the United
States Leather stocks. X points each;
Oregon Navigation. AZ points; Pacific
Coast, 2 points; Reading and Chicago &
Eastern Illinois, IA point each. Cen
eral Electric and Colorado Fuel a point
each. Atchison preferred advanced
strongly in the late dealings. The call
money rate was easier to-day, under
the influence of offerings from out of
town sources.
Chicago. Duluth, Minneapolis and st.
Paul were said to be sending money
here, and expressions of opinion from
financial authorities in Chicago as to
the plentitude Of money there had
reassurIng effect. While Chicago is
buying commercial paper in New York
country banks throughout the west
are said to be buying paper in Chi
cago.
The rates for time loans and for COM
mercial paper, were, however, firmly
held, in spite Of the easier tendency in
the call loan department. A hardening
of fraction in the rate Of sterling ex-
change was significant reflection Of
TIE lessened anxiety over the money
outlook. Exchange has recently been
tending perslstently downward. not
wIthstandIng the dearness OF money in
London on account of the tension here.
Gold imports have up to to-day seemed
the only resource against money strln-
gency here In case OF large demands
from the interior for moving the crops.
To-day's movement OF sterling ex-
change was therefore highly important
as indicating the easIer condition here.
The presentation OF drafts on the New
York sub-treasury. in payment of the
gold deposited at the San Francisco
mint, is expected to be an important
factor in relieving the local money
market.
Kansas City. Pittsburgh 8; Gulf flrsts
dropped 4 per cent to-day, in sympathy
with the reaction of 27s per cent in the
stock. The market otherwise was
dull and Irregular. Total sales, par
value. sl,O3S,OOO.
United States bonds were unchanged
on bid quotations.