The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-07
FINANCE AND TRADE
The Features Of the Money and stock
Markets.

Markets.
NEW YORK, Oct. 6.--Money on call
steady at gi.Q3 per cent; last loan ~
per cent; closed at 2E per cent Prime
mercantile paper 4laa5 per cent. ster-
ling exchange easier with actual bust
ness in bankers bills at 81 S4hG4 san
for demand and at 81 S2hai S2ls for
sixty days. Posted rates 81 S2isdfi 81
and "a S5M4 So. Commercial bills 81 81.
Silver certificates 55a56Is, Bar silver
90 ll-l6c.
The bulls maintained a waiting atti-
tude for the most part in to-day's mar
ket and tine bears were successful IN
shaking out further stop loss orders
and depressing the general trend of the
market further sharp fraction. There
seems to be long stock 60 sell and the
bears are thus encouraged to continue
their efforts. Where there Is evidence
of realizing they apply pressure by
short selling and so precipitate the
decline to a point where stop loss orders
are added to the weight Of the mar
ket The consequence Of this poltcF
was some very sharp declines In spe-
clal stocks during themay, Sugar, Chi
cage Gas, Manhattan, Bay State Gas
and the grangers being the objects OF
most aggressive attacks. The lowest
prices Of the day We're made early in
the final hour, but just half hour OF the
trading saw steady hardening Of
prices which materially reduced the
net losses All the factors In the gem
eral situation lndicat ted continued in
crease in actual values and there was
no usslgnable cause for the decline eX-
cept the exaggerated level OF prices,
which have been attained, one OF the
features of the day was the large buy
ing in Pennsylvania, and a sharp rise
| In the price OF the stock. The an
nouncement Of the withdrawal from
| the Bank OF England OF 100000 pounds
| In American eagles f0r shipment to
| New York had only q momentary eff
| feet In steadylng prices This was the
more notable as the movement is con-
| s.dcred to be the beginning OF a steady
| import of gold Sterling exchange sold
| at 81 Sih to-day, that price being Of
| fored at sellcrs' option for the rest Of
| the month The ample supply Of gold
| at present IN the country must be &C
ccpted as accounting for the small ef-
feet produced by the Incoming gold
movement. The New York clearing
house banks now hold S02,3Gj,lOO In spe-
Gle compared With s5a,SQl,Q00 year
agO. The last Of the first lot Of sold en-
gagged In EurOne for import two weeks
ago has arrIyed from Genoa, and been
deposited 10 the account ot importers,
Although the New York banks have
lost the last two weeks $i6,63j,588 Of
.hclr deposits. the specie In the cash
reserve has shown an actual increase
in the same time The United States
treasury gold reserve has also been in
crcasing OF the rate Of q quarter OF a
million dollars dav for several days
past. The rates fnr money In New York
market show no further tendency 10
harden II an these circumstances are
taken into account II viii not seem
surprising that small Importance at
taChes 10 the movement Of gold hith-
err London was buyer OK stocks In
this market to-day aud statements OF
railroad earnings all continued TO show
Increases. Nevertheless the result OF
the days irregular trading Is the show
ing Of net losses extending from
fraction to over Il point throughout
the list
The dealings In bonds we're somewhat
larger than those Of Yesterday and
prices declncd In sympathy with
stocks Total sales. SlGGj0OO
T.. S. old i's REGISTERED and new as
both registered aud coupon were ad-
vanccd X bid to-day There were sales
~ the Old IS at ~ ana ll2h and OF
the hs coupon at ia,
The total sales Of stocks to-day were
1886 500 shares.
evening Posts London financial ca
blcEram:
The stock markets were steady ana
quiet ihis morning, Americans OPEN
ed dull but over the parity There was
scarcely any selling hero and the alb
srncc from the markets Of the Jews re-
gtricted nrhItragc dealings. Prices were
steady at the close The nrmncRs In
to-duy'B London discount market IN due
To the gold shipments to Ncw York
The Paris hourFo was dun and the
Berlin market Htouty
BONDS AND STOCK QUOTATIONS..
u. s, now iB rcgl2G4 ore. II, a Nav. "a
do uUupUuI..lgU piitHhurgh ....lau
a. q. ia.au..lI.p Heading ...... g5a,
do rgupOnu.pliJI Rock lalnud.. No
Ito 2ds...,.,, $50 ST. rm ........ vGrs
do fa coupon. Ila 49, T. a Omaha. gl