The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-08-13
FINANCE AND TRADE Is
The Features Of the Money and Stock
Markets.

. 3 ~ HH.. -
Markets.
NEW YORK. Aug. 1l.-Money on call
nominal at l91K per cent. Prime mcr.
camille paper 495 per cent. Sterling
exchange steady. with actual business
In bankers bills at 81 S7A9 "a S77s for
demand and at 81 81 for. co days, posted
rates "a is5G94 S51s and "a 50. CONNER
cial bills 81 s:s94 SsSs. Silver certll-
Gates G11s 0s2Hc. Bar silver 6OAc. Mex,
lean dollars 4Slac. State bonds Inactive.
Railroad bonds steady. Government
bonds strong.
There was I rise o-day !r the price OF
st. Paul & Omaha OF 81 per cent over
that OF yesterday on 4 single transac-
ton. American Tobacco gained I y per
cent, Republic Steel as much and Pull
man 1R per cent. Lead preferred lost
~ per cent In addition to yesterdays
Az per cent decline without any news
to explain Reinforcement beyond; S,re-
ports OF poor business. The common
stock fell rs per cent to the lowest price
on record. Sugar advanced point In
the morning ON buying attributed TO
covering of an important outstanding
short account, forced TO cover by the
operations Of "a bull pool In the stock
Most OF the gain was lost In the late
dealings. These comprise the only
movement worth Individual mention Ia
the days stock market.
The significance OF the market con-
tinues purely negative, the determined
restraint of the specula ton marking
the waiting for a solution;of the many
points of uncertainty In the situation.
Inc bank statement conformed pretty
closely to expectations, the exports OF
gold for to-day amounting to $3.50, 900.
evidently not figuring In the statement.
The earlier exports were offset by the
receipts of gold from the Pacific coast
and the currency from the interior so
far as to bring the decline In cash re-
sources down to less than 5000. 900. s
1t Is of special interest to observe, that
while the weeks fixture OF American
capital In foreign investment has been
carrying out gold In payment, foreign
money markets are still adding to the
sum OF their floating Indebtedness to
inc. New York money market as reflect
ed In the loan expansion which is made
on sterling exchange collateral; Futher
receipts OIL gold. are expected In New
fork next week on account both of
klandika and australian receipts at
san Francisco. but aEheavy additional
outSo 10 London 10 considered well as.
sured. NO authorized announcement
can be had of shippers plans, but 1t is
credihly reported that tentative ar
engagements have already been made for
shipping at least $1,000, 600 and compn-
tent estimates are made that the total
VIII reach Sl0000.000. This leaves any
Paris demand out of consideration the
rise in the bank of England's bid for
gold leaving doubt whether any In
dueement remains to ship to France.
:. Inc market for securities In New
York was practically paralyzed this
week. Dealings dwindleG progressively
until, in the latter part OF the week. nh.
days aggregate of shares sold dropped
back to figures not reached before since
the staSnation OF January. 1897. There
was even less life in the bond market,
the daily average sales having fallen
considerably below 4 million dollars par
value. Beyond the slight sagging ten
dency which Is the natural result of this
inanition there have been no important
changes In prices. 81
The bond market has shown sympa-
thetic apathy with stocks all week.
United States old Is declined y per
cent, the new IS Is per cent. the Is Il
per cent. the 5s X per cent and refund
Ing Is when issued 4 per cent In the
bid price. -, u
NEW YORK-Tha weekly bank state.
mcnt shows the following changes: Sur.
plus reserves, decreased s1,0lS. 925; loans.
Increased Si.3iS, 300; specie, Increased
St".foo; legal tenders. decreased $780,.
6uo: deposits. increased s2,926,9OO cir
eulation Increased s765,600. The banks
now hold SIS. 1850 In excess Of the re-
fulrtHcHt5 OF the IS per cent rule.
U, S. bonds - I'd