The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-26
FINANCE AID TRADE
The Features OF thr Money and Stock
Markets..


Markets..
NEW YORK, Sept. 2j.-Moncy on
call steady ut 2Gtj per cent; last loan 3
per cent: closed offered at per cent
Prime mercantile paper 7dS per cent.
| Sterling exchange stcaGy. with actual
business In haukerg' bills at 81 81 for de-
| manu and 81 Sli2Mi SlA, for 10 days.
Posted rates 81 seas SO and 81 Sih a. S5Gs.
| Commercial bills 81 sOI,. Ear silver
Gj&c. Silver certificates GjNG66i!c.
The stock market to-day was Charac-
tcriGed by activity and strength. 4
| broadening tendency was noted and the
bears fought the advancing tendency OF
prices to no avail, as offerings for either
account were rapidly absorbed. The
news OF the day In almost every Instance
was favorable. the cardinal feature be-
| Ing sharp decline In the ratcS for prime
mercantile paper. Material that could
not lie discounted n week ago below 0
| per cent and upward, WAS accepted at 7
| per cent ana the maximum figure for
| choice names was per cent. The I'm
| portant bearing Of this development up
on the general financial and business
situation can readily be- appreciated. Call
| money rates were reduced from to !
| per cent on any average by the banks
offerings OF time funds were fairly free
at per cent. for all dates on good mixed
| stock excepting collateral. Large addi-
| tlOnal gold Import orders We're annOun-
Ccd and heavy arrivals OF the yellow
| metal were reported. M also
substantial further deposits at the sub
treasury in exchange Tor greenbaCkS.
The street ignored a reported extension
OF ratc-cuttinE by the railroads and
some other ordinarily depressing news.
| Aside from the extensive covering Of
shorts commission house purchases To
a fair aggregate amount were noted. 1t
is assumed that the advance yesterday
and to-day have materially reduced the
| outstanding short interest and reac-
ton In prices Is therefore expected In
ordinarily well Informed circles. This
| theory was. however. justified 10 only
4 very slight extent this afternoon.
The market opened slightly lower
under the influences OF fractional de-
| cllncs In London quotations and some
| struggling selling in this market for
the foreign account. Europe was, how
| ever, n light factor owing 10 the inter-
! ruptlon OF the cable service on account
| Of storm. The depression was OF
brief duration and the market rapidly
| developed 4 strongly aggressive tone.
| Til. purchasing orders embraced 4
wide variety OF stocks. Including the
low priced as well as the Investment
classes. The usually inactive shares
were more prominent. and the renewal
| OF mercantile activity facilitated Of
forts by specialists In the active Indus
| trials. The more important extreme
| gains ranged In the regularly active
| list from l 10 "a per cent, the last In
| Manhattan. The familiar ruTurs " q
| deal with thu Metropolitan Traction
| Company were again made TO do SER
| vice and the last mentioned stock rose
| AZ per cent 10 80. hut In each case
fractional declines from the top figures
occurred on reports Of the irresponsi-
| bility OF the parties engaged In ncgo-
| tIatiOnS between the two companies. H.
llnoiS Steel advanced 37S to 457S: Min
ncso;a Iron 3. to IS and Great Northern
preferred C per cent 10 30. y favorable
| feature of the market not referred to
above was strong and active railroad
bond market, n good demand for gov
erEmrnts for Investments being also
| noted. 4 reactiOnary movement de-
vel0ped around delivery hour on rcaliz-
| Ing and the market left off heavy In
| tone. but with final figures recording
net gains OF from 10 per cent In the
| leading shares.
The bond market displayed nggress-
| i've strength on Increased dealings and
u broadening tendency the leading
| speculative ISSUES sold at 10 per
| cent. with the bulk Of the dealings In
TIN AtchEson and Reading liens. Chi
| caSo Gas iirsts exceptionally jumped
6is and ST. Louis Southwestern flrsts
and Tennessee Coal iirStS. Tennessee
| Division ~ per cent. Ohio Southern
tours trust receipts declined S per cent.
The sales were $l.G35,0OO.
Government bonds were strong and
active. The new fours touched ICY,
the sales We're S2iO,5OO.
Silver certificates We're Irregular on n
declining tendency, the sales aggrcgat-
| Ing slijOOO. at G6l:.
State bonds We're dull, but steady,
with 81 900 Virginia Centuries traded in,
| The Evening Posts London financial
cablegram;
| factor. Americans were the steadlcs.
market. The mining settlement begins
Tomorrow. The market at Paris was
steady and at Berlin firm.
BONDS AND STOCK QUOTATIONS.
New u. S. A. registered =. ,,llGiS
| New u. s. ~ coupon ..... ...... ....... ll6Ls
| U. s. 3S registered 80. 80. ........lIl
! Z, -. N coupon go. -, $500. .....lll
| U. >. IL registered ...., ...l06N.
u. >. rs coupon ..... 800. ......lOS
U. S. ~ registered ....... ........ ...... 9alk
| IuCiiiC Cs OF 'g5....... -. ...,.... ...,,lOO
| AtchiS0n 49,. ..... 500. ......,... l23A
| Adams Express ....... ...".....lR
American l.NprGss '''... lies