The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-08-10
FINANCE AND TRADE.
The Features Of the Money and stoel
Markets, ~

: . H= . - #.
Markets, ~ s..
y. NEW YORK, August o. Money on
call easy at 141A per cent. Prime mer-
camille paper. 4Q5 per cent. Sterling
exchange easier at 81 So for demand and
at 81 S4N for sixty. days; posted rates.
81 S5a4 S5l4 and 81 SO. Commercial bills
81 S3&94 81. Silver certificates, Gl,s@
62,ac. Bar silver, Gle. Mexican dol
lars. 4Sikc.
Government bonds weak. State bonds
Inactive. Railroad bonds irregular.
II Quotations were hardly more than
nominal in the stock market to-day.
There was not q single feature Of strik-
ing interestffnS the days trading, and
the aggregate number of shares sold
fell below hundred thousand, for. the
first time In several years In a null trad
Ing day. There was a disposition to
disregard the weakness reflected from
trade, In spite of the. fact that sales for
London account ran up to 5000 shares,
which Is a lnrge total, compared with
the recent average, but the declines
which resulted here We're hardly more
than momentary. Theh variation dur
Ing the latter part OF the day was
scarcely appreciable in most Of the
stocks traded in, and the average level
OF prices shows un Insignificant change
on the day. 1t was noticeable, how
ever. that In any Individual stock In
which large order was expected. the
resulting price movement was wide.
This was true of either a selling order
or buying order. Chicago & North
western. for which there. was a buying
order for several thousand shares, vas
u conspicuous; example, running up
nearly four points. A number OF late
ly dormant stocks ran off sharply on
selling orders. Buffalo, Rochester. &
Pittsburgh rose 81 4 points ION u
single transaction. Realizing In rub
Der cost that stock two points. The
decision reported by, the syndicate
which underworld the American allot-
ment Of the new British excheQuer
bonds not to ship gold on Saturday
caused some SURPRISE, In view OF the
obvious fact that the Bank OF England
based Its maintenance OF its existing
discount rate on the expectation Of
early receipts of gold from the United
States. The decline In sterling eX-
change. which fell back to. 81 IS for de-
mand. however, took away the profit on
exports. . The fact that loans have
a
the extent OF 81, i25. coo Indicates that the
bank has been asking higher rate
than Its official minimum, which contin-
ues below the open market rate. 1t
transptres that 4 part. OF the consld-
GRAFTON Tor the allotment Of over half
the eSchequer bond Issue to Anglo
american houses was an agreement
that the payment should be made on
gold to the extent of $l0,00O.000, and it
is said that the Bank of England allows
ME days interest ut per cent on these
shipments. The bank, In addition,
raised its price for American eagles to-
day n full penny an ounce to I6s sd.
This action may be prompted by the
renewed competition for gold by Paris.
which came as u surprise to the money
market. This surprise was Increased
by the strong return from the Bank of
France for the week. That institution
has gained Si5S0,000 In gold during the
week, and has reduced Its outstanding
loans over S33,000GO0. That France. un-
der these circumstances. should still be
seeking gold Is n measure Of the prep
arations thought to be necessary for the
coming war loan. AS TO our own money
market, the payment by the banks to
the sub-trcasury for the gold bars en-
ported has wiped out their earlier gains
from that institution, and established
a loss OF S2,$S5.000. The Interior cur
rency movement, however. continues
largely In favor OF New York, and with
speculation practically stagnant call
money fell to-day TO per cent.
There was nothing of Importance In
the bond market. Total sales, par
value. sI05.OCu
United States new As declined Z per
cent In the bid price.