The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-08-28
FINANCE AND TRADE.
The Features of the Money and Stock
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NEW YORK, Aug. 27.--Money on call
steady at 1HG11a per cent. Prime mer-
camille paper 4G4is per cent. Sterling
exchange easy with actual business in
bankers bills at 81 STE "a -s7tss for. de-
mand and at 81 s4I4 si,is for 60 days;
posted rates 81 s5a+ ssh and 81 SS1a9
A S9;z commercial bills 81 S34G4 81. Bar
silver 61Ec: silver certificates. SIG
69Ec. Mexican dollars 4S&c.
Government bonds strong; state
bonds Inactive; railroad bonds irregu-
lar. u
There was some disposition to sell
stocks to-day and the market showed q
settling tendency throughout. Sugar
was so close to one-fourth of the days
total dealings and Its marked weak
ness doubtlass held some sympathetic
effect on the,rest OF list. Sentiment
was affected also by the apparent
abandonment of any pool operations
for G rise. Unless the weakness Of SUI
gar might be called such. there was no
urgency in the liquidatlon: but in the
absence OF buying, The weakness in SUI
gar found no explanation in any news
announcement to-day. The approach
OF quarterly dividend period gives
opportunity for the usual manipulation
OF the stock and the board room traders
jubilantly train on to any movement on
the. speculation which promises an APP
probable movement Of prices. The
stock got down to within y OF lis and
closed only n fraction above that. up
and then down from the room traders.
Pressure against Peoples Gas and
Brooklyn Transit seemed to be cou-
pied with the movement against sugar
in the early dealings and later Ameri-
can Tobacco was forced down, but
these stocks except the last showed q
tendency to recover, Brooklyn Transit
rising above Saturdays level. Losses
extended to POINT or over here and
there in other stocks and New Jersey
Central fell 2:.. London discounts
hardened to-day and while money con-
ditions in Berlin are for the moment
easier, export authorities affirm that
very heavy obligations viii have to be
met in that market during the coming
month and later. Available funds In
New York continue apparently abund-
ant but the season for the interior
movement of currency is fast approach
ing. The relief which has been afford
ed 10 the New York money market by
sub-treasury operations for several
| months past seems 10 have about come
to an end. About 100000 of the ex-
tended United States . per cent still
remain TO be redeemed, the. majority. of
which are on deposit at Washington to
secure circulation or government de-
poslts. The banks find difficulty In Sc
curing new per cent bonds to replace
these and they are In consequence sub
shutting lawful money at Washington
and retiring the circulation secured by
the called bonds, or are leaving them
on deposits In spite Of the fact that In
terest on them has ceased. There re-
mains about $6,e0o,oo0 OF, &, circulation
which hns been applied for by the
banks. but which has not been Issued.
Beyond this the banks show no dispo-
siiion to extend their circulation.
The, bond market was dull and reac-
tionary. Total sales par value $4,000.
U. S. Bonds.
U. S. refunding U. S. new Is reglSt
Is when iss'd. L. $. new As cou.l54