The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-08-30
FINANCE AND TRADE.
The Features Of the Money and Stock
Markets.

T. H .H " " H : d. j +. Q /
NEW YORK, August 29.-AIoney on
call easy at 1A91h per cent Prime
mercantile paper, iG4h per cent. Ster-
ling exchange frmer. with actual busl-
ness in bankers bills at 81 S7hG4 slsss
for demand at 81 81 for sixty days,
Posted rates, 81 s59i SSh.5 Com
mercial bills. 81 S3G4 say. Bar
silver, 6lssc. Silver certificates.
61a962Sc; Mexican dollars, 3s4s. Cow
eminent bonds strong. State bonds in
active. Railroad bonds irregular.
There was stirring of speculative
interest," to-day which gave an appear
ance OF greuter animation to the stock
market than it has shown for two weeks
past. The strength centered in the
steel Group for the greater part OF the
day. but in the Inter dealings It ex-
tended throughout the list. The list
OF active stocks was not long one, but
such as were dealt in show quite uni-
form gains, extending to nearly point
or over that In many cases. The gains
were well held, and pront-taking made
only slight inroads, the close being
firm, though quiet about the top.
Although the number OF Issues dealt In
was not large. the trading was not
nearly so much In q few stocks as for
some time past. In the steel group
5 the gains ranged from point to and
az points, the latter figures in Nation
d, al Steel and steel and wire. This Sns
no exception in the group to the up
ward tendency, which was due TO the
tips OF the growing demand for iron
and iron products OF pretty much all
grades. The progress of negotiations
for the settlement OF wage schedules
which are In progress was probably re-
tiectcd also in the movement. Generally
speaking, the demand for stocks ls
partly ascribable TO the requirement OF
the short Interest, which was made I'M
easy by the check to the decrease yes
terday. Their disGuiet was Increased
by several Incidents OF the day. Prices
received an opening impetus to an ad-
vance from the better tone OF the Lon
don market. which was encouraged by
the exported successes OF General Rob-
erts against the Beers. Actual buying
for trade account was on small scale.
The upward course of trade discount
was checked, however, and the hope
was entertained that with the conclu-
sion of the stock exchange settlement
the money difficulties are obviated for
the immediate future. The statements
OF railroad earnings for the day were
good including the Wabash annual re-
port. showing prosperous year. and
the St Paul report for July. The threat
OF strike OF tho Anthracite coal mi
ners did not seem to effect the market,
and Erie first preferred in the group
advanced ~ per cent. The homew.ird
course from summer vacations In Eur
ope or number OF the influential men
In Wall street movements was GEN.
timental influence, for the advance, thu
room tradcrs. who still absorb practice
ally all the dealings. seeking 10 mite
lpate the coming operations which
they suppose those men win embark
upon. The conditions In the money
market remain unchanged. Dealings
In bonds continued dull. and the market
was Irregular. Total sales par value,
st875.889. & f-ttfs :,
81 United States new Is advanced u per
cent In the bid price. ~ gi
OIL cITY-Crcdlt balances, 81 rs;