The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-11-13
FINANCE AND TRADE
The Features OF the Money ami Sto,
llnrket,,


,inrket,.
NEW YORK, Nov. l2.-Money on call
easy at SEG+ per cent: last loan per
cent; closed at 3isG4 per cent. Prime
mercantile paper 5kqsia per cent Ster-
ling exchange firm with actual business
In bankers bills ut 81 SjIiGti $50 for de-
mand and 81 S2ti a. S2ta for sixty days.
Posted rates 81 s2isG4 81 and 81 S6fDI 81.
Commercial bills 81 sly. Bar silver Gi4c.
Silver certificates eI%G65Ac.
leading professional dealers tested
the stock market In the early session to-
day and endeavored to emphasize the
lower prices for American securities In
London and recent persistent selling for
that account inthls market, which were
again alleged TO be due TO apprehension
OF impending complications between
this government and Spain. Aside from
the Cuban war scare rumors, nothing
particularly new developed to sustain
the bears In their attacks. The volume
OF business was on nbout the same
scale as on Wednesday and the dealings
vera again well distributed. With
three important exceptions, Sugar, Chi
cago Gas and American Spirits stocks,
the induStrlalS were less prominent In
the tradIngs Than the railway shares.
The market moved irrcgulnrly on early
saGGtnS tendency. being succeeded by n
rlllyInE movement. and strong clos
Ing. The foScEoon'S declines were un-
important. Manhattan receded sL per
cent TO 9SA on the withdrawal OF the re-
cent bull support and liquidation. due
to the failure OF confirmation OF recent
favorable rumorS and the extremely
animal I RF In h.. IL,
however, the stock mysterIously dis
played aggressive strength and rallied
TO lo2, American Spirit stocks were
features OF the speculation. Their re-
cent movements, however, reflected the
operations OF Il strong pool The COM
mon rose 2b and the preferred 3tt per
cent IN connection with judicial decis-
ion at Chicago to-day declaring Invalid
the rebate vouchers given by the old
Dlstlllers ard Cattle Feeding company.
The amount OF vouchers 20 thrown out
Is estimated at from S50o.oC to S4OO. 900.
The restoration OF the old tariff rates by
the Ohio soft coal carrying companies
helped Northern Pacific Consolidated
Gas rallied : per cent TO 1854. Cleve-
land. Ltoraln &: Wheeling preferred rose
TO ~. M compared with 81. the last pre-
Cc6ing sale. The selling movement was
ket moved gradually upward until the
close. The market left OF at the best
figures, showing general fractional
gains.
The bond market was dull, and the
only important net changes occurred in
the inactive issues, ranging . to I per
cent.
The Evening Posts London financial
cablegrnm: Dear money and the report
ed TranSYGRl government claim caused
duller stock markets here to-day. KAT
frs were Hat. Americans werN lower on
reallzatIons, but the undertouc was
cheerful and the close was better in the
street.
The weekly statement OF the Bank OF
England shows that the coin and bull
lion have decreased E3i2.00O. Only
G22S. 900 net gold were exported, the re-
mainder having gone into circulation
for trade requirements The return is
difficult to follow. Thus other securities
have decreased nearly 100000, al
though large loans are said 10 have
been made In the markets. The expla-
nations ere possible; other banks sold
largely Of the securities a. intImatcd In
the unconiirmcd rumor OF u sale OF
United States bonds In New York or
else repaymcHts during the week by the
market have exceeded the loans made.
II Is impossible TO say which. as official
quarters will neither affirm nor deny
the sale OF large line OF United States
bonds. It Is believed, however, that such
n sale took place. but that the stock hns
not yet been delivered. Consequently
1t does not figure in this weeks return.
The details OF the gold movement for
the week show that c300.0G0 went 10
Egypt and 100000 10 Malta and that
ff2 1000 came from Portugal ana 10000
from Australia
The Paris and Berlin markets were
steady.
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