The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-10-08
FINANCE AND TRADE
Tho Features OF the Money and Stocis
ifnrkrts.

NEW YORK. Oct. Mooney on call
fem at Coz per cent; last loan : per cent:
closed 1t 6lt7 per cent. Prime mercan-
tile paper nomInally al 7GS per cent.
Sterling exchange steady, with actual
business In bankers bills at 81 81 for de-
maDd and 81 So for sixty days. Posted
rates 81 S2i.G4 81 and 81 S5FIi Sc. Com
mercial bills 81 81. Silver certificates
651a G5Ssc. Bar silver Csc.
The stock market again to-day reflect
Ell effective manipulation by powerful
interests that originated the recent up-
ward movement In prices. Having sold
out their lines. these operators have in
the last day or two favored and tNn-
tributed toward n reaction with a view
presumably to establishing a level for
further movement. The tactics en-
ployed included the circulation OF n va
riety OF distressing reports in the iaet
hour 0f trading and further fnanlpul1-
ton OF the call money market. The av-
eraEe operator having no immediate
opportunity OF testing the truth or falsI-
" OF the reports, was naturally disturb
ed. ana some liquidation Of long hold
inGS ensued. The dealings, aside from a
Few notable changes in the spccialtlcS,
were not particularly interesting. The
forenoon operations were marked by
comparative stcadincss on a very light
volume of business, but In the afternoon
break. considerable activity developed.
The reports attending the decline were
sensational In the extreme and as far ny
can be learned, In most cases lacked
foundation In fact. Sugar was ham
mercd on continued unfavorablc trade
forecasts
The closing was weak at the lowest
point.
The bond market displayed pronounce
ed weakness In sympathy with the de-
preston In stocks. Dealings were In n
fair volume. and net concessions OF Ia
X per cent were made by the principal
speculative issues. The sales were ST.
OG9OOO.
Government bonds were weak, the de-
clIrcs extending TO q per cent In the
new Is The sales were So, 900.
Silver certificates were slightly cas!-
er on sales Of $4,000
The total sales OF stocks to-day were
1896 shares.
Evening Posts London financial ca
hlcEram:
The fall In American exchanged and
renewed liquidation in mines were to-
day again the key 10 the markets, which
were generally Nat until ucnT the close,
when the frmncSS Of Americans and 4
,.ar,. cham recovery in EatIirs we're the
f..,,
features. ,,,-,, a., h., a.,
Americans altho"Eh HIih Juat ~ w
close, cOmpareu' lANoiaplS Win OTHER
speculative markets.
The Paris hOura@ was Hat.
rTbn RnrIln market WAS dull.
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