The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-17
FINANCE AMI TRADE
The Features OF the Money and Stock
Mnrlketn.

Thu Features OF the Money and stock
Markets.
NEW YORK, Nov. 16,-Money on call
steady at 1h@2 per cent; last loan at
2 per cent; closed at l%Q2 per cent.
Prime mercantile paper Sh@4h per
cent. Sterling exchange easier with ac-
tual business in bankers bills at 81 S5%
for demand and at 81 S2% for GO days.
Posted rates 81 S31s and 81 S6h; COM
mercial bills 81 50. Silver certificates
5S@59c, Bar silver 5SHc, Mexican dol
lars acc.
To-day was another remarkably dull
day on the stock exchange. The spurts
of activity were due to manipulative
manoeuvres on the part Of professional
traders. These were notably manifest
In Consolidated Gas, which jumped up
and down the price scale a point at a
time all day, but always at n level be-
low last nights price. The decline eX-
tended to AZ points at one time, but
covering at the close left the stocks
net loss only fractional. The weakness
OF the stock and of other local gas
stocks Is due to fears Of a failure of
plans alleged to have been in contem-
plation for the amalgamation of the To-
cal gas companies, others OF which
were weak in sympathy with Consoli-
dated Gas. Sugar continued to lead
the market in point Of activity and Its
strength during the day helped the
general strength of the market. 1t rose
at one time 9 points. but n reaction due
- .aA1tVtVNnr "a 1AR 90, "a shout ttNRN IAff
its net gain fractional. Others of the
Industrial stocks. notably the cotton
stocks, Tobacco and Leather preferred.
rose sharply on traders purchases, but
for the most part lost their gains on
realizing sales. The movement in New
Jersey Central was due to the same
causes. The market for the most part,
however, was firm in the face of the
d~ullness, prices continuing above yes
terday's level all day, after a small de-
cline Just ut the opening, This decline
was in sympathy with the heaviness OF
American securities in the London
market. London was also a seller in
this market OF American stocks. The
strength of the railroad list generally
was due to the continued good outlook
for business, the grain movement hav-
ing been resumed in force and a very
heavy movement of cattle being re-
ported by some western roads. Man
haitian was heavy all day and at no
time did II rise above yesterdays level.
The Rubber stocks were somewhat de-
pressed also. There was NJ news bear
Ing on either OF these properties. The
heavy tone in Omaha alone of the
grangers was equally without explana-
ton. Northwest, the parent stock,
gains a point net, as does Rock Island.
The market was exceedingly narrow,
both in the volume OF the dealing and
in the movement Of prices, Except in
a few cases prices show fractional net
gains on the day.
The bond market was fairly active
and showed Improvement for the most
part. Total sales sl,1i0,0O0.
United States rs coupon and the IS
coupon are x lower bid,
The total sales Of stocks to-day were
1876. 800 shares.
Evening Posts London financial ca
blegram:
The stock markets were idle but
steady to-day. Consols and India
stocks we're notably nrm. the former
on government buying and the latter
on reports that the postoifice savings
bank may apply for power to invest
therein. Americans opened quiet and
closed strong. There was fair buying
here. The boom in Grand Trunk on
tlnues.
The Paris bourse was quiet and the
Berlin market steady.