The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-11-21
FINANCE MI TRADE
Tito Features OF the Money aud stoei'
AIarLsts,

NEW YORK, Nov. 20.-Moncy on call
easy at ghGa per cont: last loan 2,6 per
cent: closed Mt 2h per cent. Prime Nor.
camille paper il5U5ia per cent. Sterling
exchange steady, with actual business
In bankers bills at 81 S5AGfi SO for dc.
mund and 81 S2EG "a S.is for 60 days,
Posted rates 81 S2hdt SJts and 81 500
' 81. Commercial bills 81 81. Silver
certificates G5h
The stock market was under pressure
from professional benrs all day. The
volume or business was the highest that
hhh . q recorded on my full business
day In the past two weeks and the dis.
ributlon was very poor. Tho move.
mcnt was Irregular and In many In
stances narrow, the market displaying
tendency TO rally whenever pressure was
temporarily removed. Operators who
arc usually In close touch with Specula-
tive movements assert that the short In
tercst bids fair to sOOn become unwieldy,
a condition that IL Inducing some IN
tefeStS TO tax back part or the stocks
sold at the top level. Covering Is also
being stimulated to an extent by the
Ptacefu! tenor OF the Washington poll
Sle'l auNIecS. Incidentally there Is No
important selling OF long stocks aud
%"splurgcs." the usually spectacular
specialties, facilitated by the decided
easier monetary conditions. afford the
only relief from the monotony OF the
market. Liquidation Is apparent here
anu there In some OF the highest priced
SpeclaItlcS and this has caused an abate-
ment or the purchasing movement that
was noted until q day or two ago past, In
the low priced shares, London orders
are light. but arr mainly TO sell. The In
ltlnl prices were Irregular and the chang
Ing fractional. Bear aggression, how
ever, soon became evident.
American Spirits preferred fell ah per
cent. but the losses otherwise were un-
important. The downward movement
was succeeded by a rally, in sympathy
with q jump Of 4 per cent In Consolidated
Gas TO lG7 on n var!cty'of rumors. 4 re-
action followed to 1854. Reading was
largely dealt In and gained u point on re-
ports that the reorganiZcrs had succeed
ed In arranging for large reductions In
rentals OF leased llneh Leather prefer
red moved up Il fraction on reports that
a dividend OF l per cent would be de-
clarfd Tuesday OF next week. The an
nOuncement OF a further reduction in
the prices OF refined sugars caused only
4 fractional decline in Sugar stock. In
the carly afternoon was very dull but
prices stlfIencd sharply all around. III
the last hour renewed bear issues caused
depression 10 the lowest figure OF the
day. The closing was w-nk NJ general
fractional losses. Railway bonds were
dull.
Governments held firm on dealings o.
$4,000.
Silver certificates were quiet and
easier.
The total sales OF stocks to-day were
1887 shares.
Evening Posts London financial ca
blegram:
The stock markets continued to I'M
prove to-day. the feature being the re-
covcry In mines. AFmall failure In that
market (P. l. SMITH. Is OF no cOnse-
QucRcr. his liabilities being only 1000
pounds. Another firm may perhaps fall
Tomorrow. Money vas a little easier.
Americans were dull. but closed better.
Low priced bonds are steadily bought.
Brazils and Arg-n;inpS We're strong.
In Paris, the market was firm and in
berlin Ouipt