The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-02
A AMI TRADE
The Features OF lls Money n Stock
Markets

The FeAturea OF Ile money anu otoelt
Markets
VIEW YORK, Nov. Money on call
easy at 1fs@9h per cent; last loan 2
pei cent; closed At lisq2 per centiprIme
mercantile paper S%@4h per cent.
Sterling exchange firm, with actual
business in bankers bills at 81 S5i4 for
demand and at 81 S2,sq4 s2% for sixty
days. Posted rates "a SSG4 S3h and
81 S6Q4 S61k. Commercial bills 81 STAG
4 Sl%. Bar silver 57%c, Mexican dollars
44&c, Silver certificates 51isq5se.
The business in the stock market to-
day was very small and the trading
amounted 20 little more than the pass
Ing Of holdings from one hand to the
| other OF the same person. The profess
sionals bought stocks In the morning
and sold them in the afternoon, with
the result that nearly all changes re-
solved themselves into very small frac-
lions, though the later reaction extend
| ed a little further than the early rise,
| The sale OF the Union Pacific main line
| at Omaha had the effect OF stifening
| the price OF the stock which rose at one
time l$ per cent above the low point
and saved a part OF Its advantage at
| the close. The stock was, however,
without b~uoyancy. Consolidated Gas
| also luctuated In a Enthusiastically
| erratic manner. dropping two points,
| rising Az and closing the day with q
net gain of two. Pittsburgh, Clncin-
natl, Chicago & st. Louis showed a con-
| tlnuance OF Its recent form and is high
er on the day. Theg rangers showed
some strength during the day, but the
gains were wiped out except In h case
OF Burlington & Northern Pacific pre-
ferred.
There was some buying of Louisville
on the showing by It's September state
ment OF an increase in net earnings OF
3ll4,25S. For the rest brokers and oper-
ators seemed to be more interested In
| discussing to-moTrow's municipal cleo
ton and betting on the result than In
dealing In stocks. To-day being a
bank holiday in London, no quotations
were received from there to Influence
results here, but there vas light buying
Of some stocks In this market for Lon
don account. The stiffening In the rate
for call money is not regarded as likely
to last for any length OF time and Is at
trIbuted to operations incident to the
November disbursements on account OF
dividends and interest, which are esti-
mated at about $50, 900, 900.
Railway bonds were strong In tone,
especially the Houston & Texas, Ore
gon Short Line and oregon Navigation
issues. Total sales $9O5, 900.
Unlted States bonds were " per cent
higher bid for all issues except the Us
which advanced Y per cent. The new
as coupons old at 127% ex-interest Of
l per cent.
The total sales of stocks to-day were
lG4, 100 shares.
Evening Posts London financial Ca
blegram:
This is a holiday on the London stock
exchange. It being All Saints day. The
tone OF the money market vas momen-
tarlly easier, but from indications In
good quarters It looks as though mo-
ney may keep fairly light for some
time to come, with only a slight set
back in the discount rate.
To-day large ~re-payments from the
market to the Bank OF England were
due, but only a very small portion was
paid off.
Gold is in strong demand for the
continent at rs I'd per ounce.