The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-03
FINANCE AND TRADE
Tho Features OF the Money and Stock
Markets.

ThV Features OF tho Money and Stock
Markets.
NEW YORK, Sept. money on call
easy at 1A@lls per cent; last loan l1a
per cent; closed at 1A@lis per cent,
Prime mercantile paper 3ls44h per
cent. Sterling exchange firm, with ac-
tual business In bankers bills at
81 S5AQ4 Sc for demand, and at 81 S3A
for sixty days; posted rates 81 S4isg
( S5Ih and "a S6lsQ4 81. Commercial
bills 81 S2k. Silver certificates 5l&o,
Bar silver 5l%c, Mexican dollars 4lc.
The character OF to-day's stock mar
ket was very similar to that of yester-
day, individual stocks being rushed to
high leval 10 stimulate and sustain the
market, while realizing was effected in
other parts of the list. The Vanderbilt
stocks were selected to-day for manipu-
latIon and the price of each member of
the group was successfully raised while
in the stocks recently favorites In the
speculation heavy offerings were made
60 realize.
The success OF these tactics Is shown
by the small decline in the general list.
The manipulation for a rise was not In
evidence at the opening, Sugar being
subjected to a raid which carried 1t
down nearly two points. Omaha also
opened three points below last nights
close and Missouri Pacific was down
nearly a point. Later. In the day
Northwest was taken in hand and rush.
ed up to 127lh, % jump of six points.
Other advances In the Vanderbilt group
were: Canada Southern Az to 60;
Cleveland, Cincinnati, Chicago & st.
Louis 3h TO 40; Michigan Central 2A
to ITO: New York Central rs to 110lA,
and New York, Chicago & st. Louis
stocks, the common rising nearly two
points. the first preferred AZ and the
second preferred 3h. Chesapeake q
Ohio benefited fraction in sympathy,
but as 1t Is one OF the stocks which has
been heavily bought in the recent spec
ulatlon, It was subject to pressure by
realizing offerings. Coincdent with the
buoyancy in the Vanderbilts the gran
gers and the active railway list sank 70
the lowest of the day, Rock Island, St.
Paul, Burlington, Missouri Pacific, Atch-
ison preferred and Northern Pacific pre-
ferred being all notably affected, the
first named to the extent of over a
point. Later In the day. these stocks re-
covered somewhat from the lowest, and
the Vanderbilt stocks, except New York
Central. declined very materially from
the highest. There were other stocks
which showed special strength, all
through the list, especially among the
lndustrlalS. Chicago Gas touched 105A,
new high record. but reacted point.
Pacific Mail rose 2A, but reacted "a,
Western Union also was active and
strong. Other notable gains were st.
Paul h Duluth preferred, Pullman and
Chicago Greatwestern preferred, four
points or over: Rio Grande Western
preferred S%; Colorado Fuel, Flint x
Pere Marquette preferred and Minneap-
oils & st. Louis second, preferred, two
points or over. and Cotton OIL and Ore
gon Navigation preferred over a point
Hooking Valley preferred lost 4: Ma
tional Starch second preferred 3; Oma-
ha 2R; Metropolitan Traction a point
and Canadian Pacific n point The net
changes are mixed, the grangers and
some others showing small gains and
many active railroad shares losses.
There was some falling off In activity
in the bond market. but prices were
steady. The total sales were S2,70O,0OO
Government bonds we're steady; total
sales $4,000.
The total sales OF stocks to-day we're
6l9.6l4 shares
Evening Posts London financial ca
blegram:
The stock markets opened stagnant
to-day, pending the question of the
Bank of England rate. When 1t was
known that there was no change, the
markets only rallied feebly rs the deal
ers would rather have preferred an i'm
mediate rise than deferred action. The
best judges. however, endorse the
banks decision aud see no need of an
immediate rise KafIlrs were steady. !
learn that yesterdays withdrawal OF
gold for Russia was for n special oper-
alton. Germany had 60 make an imme-
diate payment for Imports OF rye. Ru-
bles were scarce In Berlin and constant
ly Instructions were cnbled to London TO
send gold Americans were dun early
In the day on the lower prices for some
issues on the New York stock exchange,
but they hardened sharply at the close
which was firm. Il ia the market be-
lief that the rise Will be renewed at an
early date. Speculative buying here
keeps mainly to the lower priced shares.
The Bank Of England ends the half year
with an amount staudLag at rest ac-
count sufficiently to pay dividend Of
per cent against the ~ per cent Of last
year on the London discount market,
spot rates are unchanged. but business
In American bills to arrive ten days
hence IL being done at 2M per cent as
against "a per cent yesterday Large
numbers of bills are stlll offered.
The Paris and Berlin markets we're
quiet.
BONDS AN DSTnCK QUOTATIONS..
T. s, new Is reg 1873, ore. H. a. Nav. -
do coupon. ...lgli Pittsburgh ...iGl