The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-08-16

perintendent OF. schools and the drop.
ping Of music from the curriculum; Of
Studies. Z, -. - I: &
{ FINANCE AMI. TRADE. 5,5
The Features Of the Money and stock
Markets.
I. NEW YORK, Aug. 15.-Close: Mo-
sney on call steady at Il OH per cent;
last loan IL per cent. Prime mercan-
tile paper .4G5 per cent. Sterling ex-
Change steady. with actual business in
bankers bills at 81, S7ls;94 SIX for de-
mand and at "a SAGA SAY for sixty
days; posted rates 81 $500 s5M and
81 iSS1s@4 50. Commercial bills "a SsH@
4 say, Bar silver 61c. Mexican dol
lars 4S,sc. 4. Z { 4
" Government bonds strong.
State bonds inactive.
Railroad bonds strong. IA, Il
To-day's stock market was In many
respects o counterpart OF ,the, early
trading Sof the week. There was, how
4,
ever, more Suniforrnityst to the ndvanc-
Ing tendency, exceptions being limited
to only few stocks. A distinctive
broadening Ito the dealings aroused
optimism In some quarters as to pos
sible early participation in, the market
by the public Some ofSthe commits
sion houses received orders and stress
was laid upon the promise OF dividend
paying railroads nSthe. rise: As.an on
set the bears .dwelt on tie depletion of
New York City bank reserves conse-
quent upon the gold exports and the
usual contraction sin general business
in a presidential election season. While
the bank statement on Saturday will
have. to reflect upwards OF $1,000, 900
gold shipped, 1t is expected that $:the
loss iii the surplus reserves of $the
banks will be largely Offset by the re-
celpts, of gold from Pacific coast points,
Interior currency movement and gains
from the sub-treasury. The latter in
stitutiontwill have to tlsburse. to. the,
banks later, in the week some So, 900, 900
through. the redemption of, the old gov.
ernment Is. Money rates here to-day.
continued easy. but an. easier tendency
was noted in discounts in London,
which caused long sterling bills to har-
den here. and the posted figures were,
marked UP q cent. 1t is stated that
further gold shipments ut a. profit are,
impossible at current rates for demand,
bills 81 S7ls. the Bank OF England hay.
Ing withdrawn Its interest allowance.
for: gold In, transit. Thefstock market
ins detail showed: conspicuous strength
in. many quarters, Will. the tendency
for special stocks influenced by ru-i
mors. For example, New Jersey Cen.
trial jumped over. i've points on reports
Of change Of ownership of the prop,
erty and favorable Developments In
the anthracite coal trade. Other coal
stocks. sympathized. but the late reac-.
tlon reduced their gains to fractions
outside Of Delaware 6 Hudson, which
closed ~ higher. In Atchison positive
assertions for and against the payment
of n dividend on the common stock
were heard which lent interest in the
movement In the shares. Brooklyn
Transit spurted up two points on the
reputed favorable character Of its
pending annual statement, but the an
nouncement; latetn he:day that the re-
port would notShe published for several
weeks. wiped out pretty4much all the
rise. OPERATIONS :lnfth steel group were
within rather. narrow limits and they
closed somewhat off ON bear pressure,
due to another decline lin warrants.
Railroad stocks, particularly the gran
ger group received good support. but
they suffered Uncommon with the gen.
eral list In the selling movement to-
ward the close At Intervals to-day in
dividual groups were singled out for an
advance. and as the room traders gem
orally followed what appeared to be
good buying. other stocks received less
attention. and usually lost ground
Sugar. Peoples Gas and Consolidated
Gas were conspicuous features In the
market at different times, but In only
the latter was there any material ef-
feet left of the demand. n net gain OF.
3E points being established. Sentiment
abroad was reported to be more favor
ably Inclined toward American rails
and London took almost TO- 900 shares OF
stock. Profit taking was INDUCED In
in the late dealings and the market
gave way nil around, ending under
pressure;
More business was transacted In
railroad bonds to-day than for some
time and there was decided upward
tendency for some issues, particularly
Atchison adjustments. ST. Louis
Southwestern IS and Wabash deben-
lures. Total sales par value. $4,000.
United States new As and the IS nd.
vanced 4 per cent In the bid price.
q. S. Bonds.
), s v ffs1pGl ss1F S new 4 ss
registered 49,. l0ki u. s. old 'asy rr,. I'LL