The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-05
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Ths Features Of the Money nnd stock
Markets.
NEW YORK, Nov 4.-Money on call
easy at 1902 per cent; last loan 9 per
/cent; closed at MOE per cent. Prime
mercantile paper $50 Az per cent. ster-
ling exchange steady, with actual bust
ness In bankers bills at 81 S5la for de-
mand and at 81 seq for 60 days. posted
rates 81 S3Q4 S31h and 1904 S6Hs,
Commercial bills 81 SlH. Silver certlh-
Gates 57d5SMc, Bar silver 5OAc, Mexl-
can dollars 1890,
To-day's business on the stock x
change was larger than that of yester-
day, but the losses In the prices quoted
at the close are nowhere near so large rs
those OF yesterday. Although the
liquidation has been heavy, large blocks
of stock being thrown On the market,
there has been good support Forthcoming
at the decline. Although the general
course OF the market was downward, this
course was constantly Interrupted by
rallies, and as onepf those periodical re-
coverles came IN the last half hour of
trading the days net declines are small
except In some OF the less active stocks.
Prices for American securities received
from London at the time OF the opening
here showed recoveries Of a fraction all
around and the opening prices here were
advanced to the London parity, which
was the highest prices OF the day on the
local exchange, Reaction soon set In
and Sugar showed signs of continued
weakness. Later in the day an author
lied statement reporting satisfactory
progress towards recovery from a surgi-
cal operation by the president Of the
company steadled this stock and ellml-
mated one of the principal elements of
the weakness In the recent market, Many
OF the standard railway shares showed
firm resistance to the downward ten
dency all day and helped the tone Of the
general market. The coalers showed
some recovery from yesterdays weak
ness and ST. Paul and Burlington held
their own quite firmly. Arbitrage brok-
ers bought stocks In this market for Lon
don account. but this was probably 20
cover selling contracts made at the ear
Her higher level In London. Nevcrthe-
less II had to counterfeit the weakness
in the local market. Traffic returns from
railroads were another favorable lnilu-
ence, Missouri Pacific showing an in
crease in earnings OF Sl65, 900 for the
fourth week In october and Chesapeake
& Ohio an increase OF over $4,000 for the
same period. In comparing current
traffic returns with those Of a year ago,
1t is pointed out that the period for this
year has two SUNDAYS while that for a
year ago had only one. In the case OF
the grain carrying roads also last years
October business was very large, thus
making this years comparison less strlk-
Ing. Consolidated Gas declined to-day
~ Pullman 2a and Sugar preferred "a
per cent.
Bonds moved In sympathy with stocks
and showed declines. Total sales Sl,t5O.-
600
United States As regular and the new
is were advanced u per cent bid.
The total sales of stocks to-day were
1896, 200 shares.
Evening Posts London financial ca
biegram:
The stock markets were again stag
nant to-day until near the close. when
there was a generally firmer tone, West
Australian mines being especially
bought. Americans opened llfeless and
dull. then hardened on New York prices
and finally closed easier again. Brazils
were better.
Consols touched 1l2tl and then gave
way on sales Of bar gold by the Bank OF
England for Germany.
The Paris bOurse was good and the set
Element Is passing m satisfactorily. The
Berlin market was weak.
Russian exchange was weak at 93.4j
against $3.50 earlier in the week.