The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-12-01
FINANCE AND TRADE
The Features OF the Money and Stock
MARKETS

'bFhNts. .a
NEW YORK. Sov. 3O.-Money on call
easy at 2I2M per cent. last loan 2,a
per cent; closed at eI2i: per cent.
Prime mercantile paper ilfj per cent.
Sterling exchange firm, with actual
business In bankers bills at 81 s6%a
4 81 for demand and 81 S3at for sixty
days. Posted rates 81 SSiSG4 S4b and
81 S7Gt+ IS. Commercial bills 81 S2is.
Bar silver G5c. SILVER certificates C5MGp
Cj7sc.
The lndlsposition OF the general pub
lie. as well "a other operators who We're
usually Identified with the long side to
make ventures pending the delivery OF
the presidential message, continues to
favor the bear faction. Bulls say that II
the message Is conservative ", the Gu
ban question as 1t Is said to be, outside
buying and run OF the bears 90 cOver
are practically certain to result There
Is no important liquidation OF long
stocks, and the volume OF short con-
tracts outstanding IS believed to have
increased materially OF late. The eX-
ceptiondl ease OF money, and recent
complete reversal Of financial and eN-
change operations rs between New
York and London are laid especial
stress upon by the securities holding
and owning interests, and other things
being. equal, afford the sinews OF war
for Il bull campaign. Meanwhile deal
ings In stocks are practically confined
TO the traders on the floor OF the cN-
change. The bears We're again success
full to-day in forcing lower level for
prices, but that movement was irregu.
lar In this respect anu also In point of
activity. as intervals of profound dull
ness were alternated with spasms OF
animation. This condition was due to
spasmodic efforts to cover shorts. The
final comparative figures, however show
important fractional concessions In
the railway and more material declines
In some of the specialties. The reported
absence Of liquidation does not hold
good us regards the specialties, which
are subject TO peculiar trade or specu-
lative factors. London continues to
work in perhaps unprecedented con-
cert with the local advocates OF lower
prices. The market opened ut general
concessions, which later became quite
marked incidental TO renewed firmness
In the exchange market, posted figures,
in one instance being advanced &c 10
81 Siia and 81 SIS, the highest quota
tons recorded for long time past. Su-
gar was the leader in volume Of trad
ing and lost 9Ss per cent, the extreme
concessions made In the active list,
The ostensible cause OF the break was
the reported continued suspension of
the Williamsburg Refinery. Manhattan
sagged 2B: General Electric ~; Leath-
er preferred rs, and various other
stocks lQlk per cent. New Jersey Cen
tral became prominent In the closing
dealings, and declined 2ss per cent on
selling, assumed to be for long ac-
count. The closing was sluggish and
weak at the lowest price. ~
Railway bonds were dull and lower
Government bonds were firm.
The total sales of stocks to-day Were
lSl,965 shares.
Evening Posts London financial ca
blegram:
The stock markets were idle to-day,
the only features being rise in Con-
soils 10 l12ss on government buying and
cheaper money and n further squirt in
Argentines on the prospect OF 4 resump-
ton of full payment on the national
external loans. There is fairly large
speculative account now in Argentines.
Americans were dull. but quiet. The
buying was from the best quarters
Operations in exchange In New York
together with uncertainty rs to whether
gold Is TO go to India. made the outlook
in the money market here peculiarly
difficult TO gauge. The tendency is cas-
Ter for the moment. Russia still takes
all the gold offered.
The Paris bourse was steady. The
settlement has begun thare.