The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-18
F1NANCE AMI TRADE
The Features OF the Money and stock
Markets.

Markets.
NEW YORK, Nov. 17.-Money on call
steady at 1h92 per cent; last loan 9
per cent; closed at 1h@2 per cent.
Prime mercantile paper ShG4h per
cent. Sterling exchange easy at 81 S5A
"a S5h for demand and at 81 S2X for
60 days. Posted rates "a S3h and
81 S6h. Commercial bills "a SO. Silver
certificates 5SA @59hc. Bar silver 5S%c.
Mexican dollars 45hc.
Net declines to-day were about the
same IS net gains were yesterday in
the stock market. But the range OF
prices is a little wider. as there was a
time during the day when they were
carried a fraction above yesterdays
close. The extreme decline in some of
the CHANGERS and the coalers Is there
fore something over a point. Sugar
ruled generally above last nights
close. rising at one time IA, and this
sustained the general market for n time.
A Jump OF 3h In Consolidated gas was
also on the side OF sustained prices, but
the eccentric movement OF the stocks
have come TO be practically disregard
ed. Both OF these stocks fell away to
yesterdays level In the subsequent
weakness. There was n lack OF firm
ness In the price OF ST, Paul, notwith-
standing the increase of over Sli7, 900 In
It's earnings for the second week In Mo-
vember. The comparison Is with a poor
week last year and was considered as
not showing the recent high rate OF
earnings fully sustained. The declar-
alton Of only the regular quarterly div
NNauN 80 RAVa amt HN IltfF ll ~ NNnNN
brought realizing Bnies in that stock
and also served to weaken somewhat
the ang groups. Southern and
Southwestern stocks were comparative
~ irmer on the excellent second weeks
statements OF Missouri Pacific, Wabash
and Texas n Pacific, and In the con-
tlnued heavy cotton movement In the
south Speculation, however, wag al
most dead and the dealing In specula-
five stocks was confined entirely TO
room traders. Union Pacific was very
heavy all day and lost IA net. This
decline was coupled with n rise OF near
iy 3 polnts In the Kansas Pacific con-
sol bonds. The bond market was much
| more active relatively than stocks and
the high priced Investment Issues were
in gpeclal demand and show gains or
from 1 to 2 points. This tendency In
the security market was entirely con
sistcnt with the remarkable ease In the
| money market, There In n steady cur.
rent OF funds towards this center and
| l~lauldatiOn Of loans and n very limited
| demand for the money thus set free
IL ia now known that last weeks In
| crease In loans OF the New York banks
wns more than accounted for by opera
lions on recount Of the Union Pacific
sale. Loans on other accounts showed
nm actual decrease and the limited sup
ply OF commercial pnper offerings In.
dlcatef that merchants nre not In need
of funds at present, This In part "
| duo 10 the easy collections all over the
country and to the large payments OF
%outathndlng indebtedness, which have
made money plentiful at Interior points,
uut there In some apprehension that
n mny also be due to falling on In bus
Inopa notlvity. The cnse Of the money
market In 80 marked that there In some
talk that the Union Paclnc payments
10 Inc government viii be made before
thoy come dur, Tho total mites Of all
STOCKS fell again to-day 20 less than
100000 Hhnroa and losses were frequent
throughout the Hist nay state Gas led
In point " inactivity ana waA lifted NJ
ono time n per cent on q rumorcd nc.
aultemvnt VI an extensive system or