The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-12
RHEUMATISM
FINANCE AND TRADE
The Features OF the Money aud Stock
Markets.

MnFkptg.
NEW YORK, Oct. 1i.--Aioney on call
steady at 2h9s per cent. last loan, 3
per cent; closed at 8 per cent Prime
mercantile paper 4Ha5 per cent. ster-
ling exchange easier with actual bust
ness in bankers bills at 81 SiKG4 S4Ia
for demand and 81 S2Aa4 S2% for 60
days. Posted rates 81 S3G4 S3is and
81 S5l4, Commercial bills 81 ST. Silver
certificates 57G571ac, Bar silver SIC,
Mexican dollars 4SiGc.
The bear campaign on the stock ex.
change to-day finds its prototype in that
OF the illustrious French monarch who
led his army up the hill and then led
them down again, Only the anterior
manOeuvre on the part Of the stock
market bears was that OF the pretend-
ed retreat in all the panoply OF woe,
sounding aloud their lamentations and
alarms over the dangers that beset tbs
values OF stocks. In their acute appre-
hension over the prospective decline in
prices they sold numerous stocks which
they did not possess and induceld some
few other persons TO sell their holdings.
But the large part OF the selling proved
to be confined to the professional reac-
tionIsts. The failure TO induce any
large liquidation and the news of wide
spread rains In the west, breaking the
long continued Drought, admonished
the bears to secure stocks with which TO
fill selling contracts they had made,
Their buying to cover carried the mar
ket back over about the same course
1t had followed so that the net changes
are very narrow In almost all cases
This was true even OF Chicago Gas,
which ranged over more than two points
in very erratlc manner and on large
transactions. 1t was true also Of Con-
solidated Gas, which took one OF Its
characteristic tumbes OF four points
and then recovered The market de-
Clnes of the morning in the southwest
ern stocks and In the granSers were
also largely recovered, many stocks,
particularly the grangers, rising above
Saturdays level. Statements OF rail-
road earnings for the first week In Oc-
tober received during the day showed
continued Improvement. Actual rates
for sterling exchange fell again TO
81 S4h for demand and 81 S3A for 60
days. This Is said 70 be at the gold
import point in spite OF the fact that
the Bank of England to-day advanced
its price for American eagles TO 7ds,
7ls pence, against 76s, 6ls pence at the
time last weeks engagements for Inn
port were made. Rates for time money
continued easy and there was good
demand for commercial paper which
was also In good supply, Notwith-
standing the cessation OF the bear at
tack on the market and the subsistence
OF the approximations that have recently
beset some OF the traders, the buying
was as much confined to the bear ele-
ment as the selling had been and there
was little Indication Of any resumption
of widespread and affecting interest in
the market. 0maha's net gain exceed
ed point and losses OF Il point or over
were shown by Cotton OIL Chesapeake
S Ohio. Colorado Fuel, Illinois Steel,
Consolidated Gas, Pullman, and Oregon
Navigation; points In Rio Grande
| Western preferred; points In Iowa
Central preferred and in Oregon Nav
| .gation preferred
Bonds were rather dull but generally
| improved before the close. Total sales
| 81, 100000.
u. 5. old As were z higher bid and the
new As sold at l2G5s, the high point rec
ord.
Evening Posts London financial ca
blegram:
The rise In German bank discount
rate from 4 ts S per cent Is regarded rs
Indicating the probabilityof a rise In the
| Bank of England rate on Thursday and
| the market was consequently dull and
| heavy to-day. The market generally
| however. does not know Of the banks
action in raising the price OF gold which
| might affect the question of rate on
| Thursday-not that | am indicating
that a change vii lac made,
Americans were the dullest market,
| in sympathy with the New York tone,
| and assisted by the maturing OF large
| options here.
The settlement In mines showed a
large account in West Australians
Large capitalists are employing money
In that market which is booming. KAT
frs we're rather good, but closed under
the best.
New Foundland is issuing ut SSiS per
cent per cent loan for $4,000 pounds.
to pay for the New Foundland railroad
recently built
The Paris bourse was dull, and the
Berlin market was unsettled by the
changcl the bank rate.
BONDS AND STOCK QUOTATIONS.
~ u ....- .,.-t Hg.a ~ ~.