The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-23
FINANCE N TRADE
Ths Features OF tho Money and stocl
Markets.

Mnfkctb.
NEW YORK, Nov. 22.-Money on call
steady at 1902 per cent; last loan ~
per cent; closed at . per cent. Prime
mercantile paper sN94ls per cent. ster-
ling exchange steady, with actual busI-
ness In bankers bills at 81 S5hG4 S5&
for demand and at 81 S2%64 S2% for
sixty days, Posted rates 81 S3h9i SGis.
Commercial bills 81 S2k. Silver certih-
Gates 5Sa59c. Bar silver 5S%c. Mexican
dollars 45%c.
There was not much change in the
character OF the general dealings In
the stock market to-day, but some
special stocks showed marked strength
and some others marked weakness,
Trading was for the most part dull and
narrow and resulted in small net losses
generally In the railway list. The
Northern Pacific stocks were the nota-
bic exceptions in this portion of the list
and developed quite aggressive strength
as the day progressed. The preferred
stock closed with a net gain of ~ per
cent and the common with a net gain
of rs per cent. The motive OF the
buying was the statement OF gross
earnings Cor the second week in No
vember, which showed an increase over
the corresponding period of last year Of
SlSl, 1871, or over 45 per cent. Following
a strong statement for the first week,
the effect was to create a strong de-
mand for this stock by local operators,
which carried the price up In spite of
some selling for London account. An
other feature OF the days trading was
the conspicuous strength shown by the
stocks of local corporations. The mo-
tive assigned to this buying was the
expectation OF corporate benefits and
privileges. Metropolitan street railway
was the leader In this class and II
touched 1l5 early In the day, which was
~ above Saturdays close. 1t closed a
point lower. Consolidated gas with an
extreme rise OF 3A per cent: Brooklyn
Union Gas with a rise OF lA. Manhat-
tan with the same amount and Brook
lyn Rapid Transit, which vas at one
time Ii per cent above Saturdays close
were other examples, All OF these re-
acted n greater or less extent, notably
Consolidated Gas, which closed a small
fraction under Saturday. On the other
hand the conlers were notably weak,
New Jersey Central showing an ex-
IRENE decrease Of 2k points and Della
ware & Hudson Of ~. the latter rally
ing over n point. outside Of these the
market was dull and without anything
OF general interest. One Of the Incl
dents OF the day was the first payment
to the government by the Union Pacific
reorganization committee on account OF
the foreclosure sale. The amount OF
the payment was $780, l5 $50. The trans
action was effected by q transfer OF
credits from the committee on account
of cash deposited In one OF the city
banks 10 the government, which leaves
the money on deposit IN the same
bank, the bank having placed govern
ment bonds In the treasury at WASH
lngton as security. The transaction
was completed without creating a rip
pie in the money market. The remain
der Of the purchase price ls to be paid
in four equal instruments, the first OF
which will be paid on December @ and
the remaining three at intervals OF ten
days. Each lnstalmcnt Ia about N,bOO,-
900 and no apprehension Ia felt that they
will create any disturbance In the mo-
ncy market.
The bond market was quito strong
and showed considerable activity. High
grade bonds were in special demand,
and were stihiy held, the offerings bo-
lng light. FOREIGN holders continued to
soil this class Of securities invited by
the high prices prevailing Total sales
sl,5jO,OOO.
United States Is coupon 1907 rose N
per cent to tiiM and sold At that which
.....N A.. 49,. ..wiaa 90 Ihn Efa Tho