The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-11-12
FINANCE AND TRADE
The Feature. OF tho MONEY aud s,oe,.

f,a ainrktt~
NEW YORK, Nov. ii.-Money on cali
nnsy ri 3li per cent; last loan 81 per
cent? closed at 3hQi per cent Primo
mercantile paper 5lEQGh per cent. Sicr-
ling exchange weak with nctuul bnEl-
nos In blpkera' bills at 81 S6is for do
mnnd and 81 Si4dfi So for sixty days,
Posted rates 81 SgIsGli S3Ih and 81 $50
4 81. Commercial BILLS 81 81, lar silver
5OIc. Silver certificates 6ihI66kc
The volume Of business In stocks was
somewhat below the recent average To-
day and the railroad list Btlll maintains
cd ia leadership In point OF activity rs
n group, although tho banner record
was made by American spirits. Tho
course OF prices evidenced clearly q con-
tnucd disposition on the part OF leading
operators, until recently prominent IN
the upward movement, to force n reRc-
tlon. The gossip and news furnished the
street was conducive of moderate re-
action. and In addition. the market was
depressed late In the day by unfounded
reports OF the death, or at least serious
illness OF Cornelius Vanderbilt. London
prices were lower. a number or trailic
reports for the first week In November
were unfavorable, Including the st.
Paul, showing Il decrease In gross earn
ings OF $4,000. The annual report OF
the Manhattan railroad was fully as
dlscoumglng as had been cpccted, and
the stock was the weak feature Of the
market. Some disappointment was also
expressed over the dlsapproval OF recent
clrcumsthntial rumors and runors In
connection with the election OF the now
board OF directors. In View 0f the tenn
per of the street, the declaration OF tho
regular quarterly dividend on Burllne-
ton, the formal agreement OF the repre-
6cntutives OF the Ohio soft coal railroads
TO form Il new organization for three
years and revived indefinite rumors OF
q settlement In the Tobacco fight, failed
to affect prices On the other hand
sufficient number OF outside buying
orders appeared. especially In the low
priced stocks, to moderate the down
ward movement In the general list.
In some stocks, notably American
Spirits, Chicago Gas and Northern Pa
chc preferred, strength was displayed
at intervals. Sugar was tho special
point OF at:uck In the late session and
yielded ~ per cent, despite favorable
trade news. There was q fair activity
In the speclalties,
L ne ClOSlIH WIS WAN ~ utuht NhS
lowest prices. with net concessions OF
lglis per cent In the active stocks.
railroad bonds were fairly firm on
lessencd dealings. The usually Inactive
Issues scored material gains. The sales
were $2.3lS,0Oo
Governments were dull. but firm on
sales Of $1,000
The total sales OF stocks to-day were
305,S shares.
The Evening Posts London financial
cablcEram: The stock markets to-day
were irregular. nuc,uatlng widely, but
closing better. Some rails were
tho best market. There was also =
smart rally In mines.
American bands were bought. but
shares were dull. though closing firm.
The Bank OF England Is discountirE
on the terms stated yesterday. but the
money market keeps firm on short sup
ply OF money. besides other causes. The
revived OF home trading Is absorbing
cash. Half a million OF japanese money
was released nj the close to-day.
The prevailing money rate to-day In
the open London market was 3 li-l6 per
cent. A considerable sum was borrow
ed by the market from the Bank OF Eng
land. One OF the features OF the market
was the allotment of 1nGin council bills
at Is 37-32d. which compares with a
rate OF Is 27sd a fortnight ugo. This
advance Is explained by the fact TINT
money Is very dear In India.
In Paris the market was dull and in
Berlin quiet.