The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-11-25
FINANCE ARD 4
Tho Features. or the Money and stoe

The Features OF the Money and Stock
Markets.
NEW YORK. Nov. G4,-Money on call
easy at id3 per cent; last loan 1 per
cent; closed offered at 2 per cent. Prime
mercantile paper 4Q5 per cent. Sterling
exchange heavy, with actual business In
bankers' bills at 81 SGG4 sGh for demand
ard 81 SeAa+ SO for sixty days. Posted
rates 81 S3d4 81 and 81 S7Gi S7li. Com
merclal bllls 81 Slsi. Bar silver csc
Silver certificates C5HdGjTc,
Dealings In stocks were almost en-
tlrely professional to-day and were lin
lied In volume, covering OF shorts In
London incidental to the first making
up day for the fortnlghtly settlement
was responsible for higher quotations
for American securities ut that center,
although the easier trend Of the money
market there encouraged moderate buy
Ing for long account. These develop
inents Inspired n local covering demand
In h forenoon trading; but the Bubse-
quent putting OUT OF new short lines
removed the chief element OF support
II together with reall2ations and some
liquidation caused a late rcactl0nary
movement In prices. IN the first two
hours OF business the traders, follow
lng London's lead, succeeded In ndvanc-
inS many OF the leading shares import
ant fractions, the greatest Improves
nlent being noted In Louisville Il Nash
vile, st. Paul, Burlington and a few Of
the spec!alties. In the Inactive shares
he gains were material. Lake Shore
rose Ia per cent 10 1879.
Leather preferred Improved q per
cent in sympathy with the generul. list,
but around midday developed weakness
which became quite pronounced on dis
appointment as to the amount OF the
dividend declared, namely l per cent.
The bears paid special attention TO the
high priced stocks, Sugar was forced
down TX per cent, Manhattan ~ and
Chicago Gas IL per cent. The conces-
sions in the railway shares were mainly
fractional but OF most Importance in
the grangers and southwesterns. The
closing was weak with most shares re-
cording small net gains.
The bond market was only moderately
active, but decided strength was dis
played In some Of the inactive issues.
hhV speculative DouuS Iluuc Blight
gains, generally.
Governments We're strong and frac-
tionally higher.
The total sales Of stocks to-day were
1JS.2l9 shares.
The Evening Posts London financial
cablegram:
The stock markets were generally bet
ter to-day. mainly because the settle
ment which commenced to-day shows q
greatly reduced account. with a slight
bear position. The latter accounts for
the rise In Mines.
Contangoes on Americans were about
5 per cent. There Is only a small bull
account. The tone for Americans was
good but the close was under the best
because OF lack Of support in New York.
The chief feature In the market Is the
growing case in money which, consider
Ing the period of the year, is suggestive.
The ease Is partly due to the further
rise In American exchange. The ques-
ton of gold shipments from New York
Is energeticaly discussed. Experienced
observes expect the United States to
lose some gold, but favor It's being d.
verted at first from Loodon to the con-
tinent. Orders In England from the
United States for goods are undoubtedly
very large.
The Paris bourse was firm and the
Berlin market steady. One hundred
thousand pounds in gold is coming from
Argentine to Germany or an exchange
operation.