The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-23
FINANCE ANp TRADE
The Features of the Money and Stock
Markets.

Markets.
NEW YORK, Oct. 22.-Money on call
easy at l92 per cent; last loan pev
cent; closed offered at per cent, Prime
mercantile paper 4@its per cent. ster-
ling exchange firm, with actual business
IN bankers bills at "a Sl7sd4 So for de-
mand and at 81 s2A@4 s9ls for sixty
days, Posted rates 81 S21494 S3Is and
81 S5is Commercial bills 81 81, Silver
certificates 57lA959c. Bar silver 5SAc.
Mexican dollars Acc.
To-day's stock market was a con-
test between professional traders and
the result shows a drawn battle be-
tween the bulls and bears, net changes
being extremely narrow in almost all
classes. but those on the side OF gains
being very few. The bulk OF the days
trading was done at level OF prices
very materially below that Of gester-
day. The opening was at sharp declines
in sympathy with London at which
point speculation was very dull. owing
to the hardening tendency of the mo-
ney market and fears OF impending
strlngency there. The old apprehension
VI Spanish NulluilG1iNlOuA Mhb ulpO hhtu
with good effect by the bear traders,
The declines OF the morning reached
point or over In a large number OF
stocks including the leading industrials,
the grangers, Union Pacific and the
southwesterns. Union Pacific was af-
fected by the reports OF the formation
OF an opposition syndicate 10 bid for
the property at the foreclosure sale.
The turn In the market came with
sharp recovery in Chicago Gas on q
definite report from Chicago that the
control OF the threatened opposition had
passed the friends OF the company. This
stock was quite strong during the re-
mainder OF the day. selling at one time
2h points above the lowest. Sugar was
also quite strong factor. rising above
last nights close on the estimated bene-
fits to accrue from countervalllng du-
ties on refined sugars from foreign
countries, which pay bounty. Union
Pacific also was relieved from the ear
ly pressure by statements from inter-
ests alleged to be identified with the
opposition; Indicate denying their
connection with It. Recoverles at one
time during the afternoon were COM
plete in almost all cases. but prices fol-
low slightly below the best and below
last nights close in the final transact
tons. Dealings In Bay State Gas were
on a notably large scale very heavy
blocks changing hands. The fluctua-
ton OF the price was limited TO q,
There were times during the day when
the market was almost stagnant and
there were no evidences Of any outside
interest in business The money mar
ket tended towards an easier tone, no
call loans being recorded above per
cent, though the asking rate Is still re-
tained at 2ls per cent by some banks.
To-morrow's bank statement Is expect
ed to show marked increase In the
surplus reserve. over t5,000OO0 Of gold
which was received from abroad last
week was not included in last weeks
statement. The weeks sub-treasury
operation and the interior movement
have also resulted In net gain to the
banks, Outside banks have continued
to bid In this market for commercial
paper. which may have led 10 a further
decrease in the loans OF the bank. AS a
result OF these operations the state
ment Is expected to show a handsome
increase In, cash,
Business in bonds was quiet and
prices moved in sympathy with stock,
but over n narrow range. Iron Noun
tain SIS and Oregon Improvement Is
sues were notably weak. Total sales,
$1,3OOOOO
United States new As registered were
advanced u bid: do coupon Il. and SIS
coupon X per cent.
Evening Posts London financial ca
blegram:
The stock markets were quiet and dull
to-day on the tightening of the money
market Borrowers to-day were drlv-
en- 10 the bank OF England where 3 per
cent is charged Americans were life
less and dull AS affecting future gold
movements between New York and
London learn that New York Is IT,
quldatlng considerable sterling engage
ments here II appears also that early
this year, certain OF the American rail-
ways concerned IN refunding schemes,
borrowed large sums here for about six
months at per cent, money then being
dirt cheap. Now that money Is tight.
and certain refundlng schemes have
been carried through. considerable re-
payments are expected in November,
thus, to that extent decreasing the
chance OF gold exports to New York.
The Paris and Berlin markets were
quiet.
BONDS AND STOCK QUOTATIONS,
U, s. now is reg III lOre, r. & Nav. Is
do coupon.,..,12S Pittsburgh u.n1C6
u s. a. ,........li3H Reading ,...... 2iN
do cOupon....liAh Rock lsland.,.. SiL
do seconds .... No 81. Paul ...... giM
H. s. Js rcg...,lli3al do preferred, .liO
do 10 coupon, liGls ISL. T.. a. Omahn. kUH
Pacific O. OF 10. i02i4 do preferred ..N2
Atnhlson .n,,,u. 1875 Southern Pacu. 20A
do preferred D.. GNs Texas n PnC.u llA
Bal a Ohlo.,.... 1lihIlnlOn PaClilC.. eRH
Can. paciilc.a., hONIWnbash .,..,.,u iA
Can. Southern. co., do preferred o.. ieT
Central Pacific. lCA lWheol'g q l.. u. ~
Ches, & Ohlo,a. 22M do prefcrrcd,u ia
Chi. & AltOn.ulG0 Adams EHptcsBlH
Chi, Iur A. O., NtA American Exalii
Q. G. G. a. st. H. "a IN. s. Express. II
do preferred. o.. 40 Wells fafgo..ui0
Del. & Hudson hoy Am, Spirits .., lliA
Dol, Lack a. WiH do prrforro1,, ?yA
Den. g. RIO o.. Y Am Tobacco 90, Rlh
do prpfcrrpd.u ibH 10 preferred llOih
Eric nowl,,,,,,. lbF Chicago CAS-, vQA
do first proc" @h col " Y IRON ~
Fort WHynpass1hi do preferred ~
Illinois Central. l02M Cen Elccirlcu 3lh
Lake Eric n w. lgi Illinois Steel 90. ilih
Lake snofc,.",,iil do preferred ..i65
Lou a Nnrh,u. OlA Pacific Mail ..u. 30
Mich Central. 1Obh Pullman pal.n.i7ih
Mo Pncnr.,.,. 3lis Silver Cer.u,. 6rk
NJ H. Central. .., Niib Sugar a.,......1l1H
NJ Y. Conirnl...i0a do preferred, il5
Norihwtltofn ..t9lN Tenn Cnnl & / rs
do pfofoftodslil |l. y. Leather, az
Northern Pc l5i 90 ,, prgtCirir n,dr eeiiH
Iirrnd'iuna nnd Provisions
CHICAGO - Sensational advances
mntl,pI in.dny'H Hrrslun in wheat De-