The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-05
FINANCE AND TRADE
Tbs Feature, Of the Money and Stock
Markets.

nrm at 2IaWd52 per cent last iOAh ~
cent; closed at 2isQ3 per cent. Prime
mercantile paper 4lAG5 per cent. ster"
ling exchange weak, with actual busi'
ness in bankers bills at 81 Slls for de-
mand and at 81 S2h for sixty days.
posted rates, "a S3a4 81 and 81 S51sg
A SO; commercial bills 81 Slg4 sly, Sill
YER certificates, 55@56hc Bar silver
554c. Mexican dollars 45c,
There was little more In to-day's mar
ket than a summing contest between the
bulls and bears, In which the bulls were
successful during the early part OF the
day, but in which the bears turned the
tide later, and put their opponents 10
rout, wiping out ali the gains OF the
earlier trading. There was everything
in the bulls favor in the earlier mar
ket, the lively buying on Saturday hay
ing apparently reassured foreign CAPT"
tai so that prices of American securl-
ties on the London exchange were adj
vanced before the opening here. Prices
of the international stocks opened about
on a parity with the London higher
level. The mass of orders in the hands
Of Commission houses, and which were
put INTO execution, Immediately showed
that the home public as well as the for
eigners believed that the market had
turned again, and that the reaction had
come to an end. The sensational jump
In ManhaUtans at the opening of over Z
points also stimulated the rise, though
the small volume of purchases on which
the stock was carried up aud the heavy
offerings Immediately invited by the nd-
vance quickly showed that the jump
was purely manipulated. The plnched
shorts having covered the price quickly
receded, and transactions In the stocks
proceeded on a normal basis, and still
at substantial advance, on the preVR-
lent belief that movement was devel-
oplng for the absorption Of the property
by surface railroad interests. Console
dated Gas was also on hand with Its
regular sensation, and rose 5l2 points
on the opening sale. The railroad
statements for the day all of which
showed continuance Of the heavy in
crease of earnings, famed the flame OF
the bull enthusiasm. or these the most
notable were the fourth week or month
statements OF ST. Paul and Rock Island,
the former showing an increase for the
month OF S3S2,ilI, and the latter OF
$Si4,O2S. Southern Pacidc's August
statement made the remarkable show
ing OF gain in the net earnings of
Nj5iil. The advance Of the market
under these influences and aggressive
leadership extended from l to 2points.
The higher prices invited heavy realiz-
ing sales, and the bears added the pres
sure of short selling, under which the
advance melted away in most cases
the net losses being, however, for the
most part fractional. Union Pacific was
a notable exception, its loss extending
TO rs per cent. Quite a number OF the
less active stocks escaped the late liz
uidation, and retained net gains to a
point or over but the level Of the mar
ket, as a whole, closed decidedly lower
Sugar was an active feature all day,
and its later weakness was a material
factor in breaking the market
The bond market showed decided
excess OF activity, and prices held
steady for the most part against the
late weakness in the stock market. To-
tai sales were |2,l5OOOO.
Government bonds were strong, and
were bid up Il to a per cent for all is
sues, There were sales OF registered IS
OF 1907 at 81 l2h to 81 l2A, and OF the SIS
coupon at 81 H.
The total sales OF stocks were $4,000
shares
Evening Posts London financial ca
blcgram:
The stocks here were Irregular to-day
and the close was under the best. Ac-
tivity Centercd in Americas and West
Australia mines. The former opened
ID
The support here Is chiefly continental
but the public Is also Increasing, and
chiefly buying preferred stocks Of re-
organized lines. The close was rather
dull
Canadian Pacific was exceptionally
strong. The boom In West Australia
mines Is quite professional at present.
but there IN a good deal Of money be-
hind It, The demand for gold has in
creased Russia Is buying again. The
tendency Of the money market here is
slightly flrmcr because OF apprehension
that New York wilt take more gold.
The Paris boursc was steady ON the
buying OF Rio Tlnto copper shares.
which were strong Tho Berlin market
was steady.
BONDS AND STOCK QUOTATIONS.
y. D. Now " ''s .tts@ta 0 1t,e' M y Nav..Sl
,u9 SouPuh''''" ii 5St lIlsuuIBh "'''I1l
y, ., lS,,cn'''"iitt55, BtG onH ,,'" ss55a
40 sIs $500, W. i9i iaul y....;'. va
do On co1pon. ii5 ISL T.. & omaha va.
t9ellc Is Of ''5"l99sI do p.g,tctr,tol.i,,,
do pT"fcrrcd SFs tFoSnH y Fn 1,'" - ~,
Cav y OHIO ll,b Union Pacific. 23M
c AK s@ "IttRbS" @ " ,a nrc tcirod ~