The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-17
FINANCE AND TRADE
Tho Features OF the Money ana Stock
Markets.

lIa per cent; closed at rs per cent,
Prime mercantile paper 444la per cent.
Sterling exchange weak with actual
business in bankers bills at 81 S47sGlb 90
for demand and 81 s21E4i S2% for 60
days: posted rates 81 S3laq4 S41s and
81 S5la@4 Sdla, commercial bills 81 So,
Silver certificates 56@57c. Bar silver
55Ac. Mexican dollars 43c.
The market closed this evening with
n general level of prices lower aNer n
day OF great lrcegularlty and constant
movement up and down of the whole
list over narrow range. quite large
number of shares showed small frac-
tional gains and few stocks showed
notable rises, but. the graugers, Wander
bits, Tgunk lines and transcontlRental
lines as whole declined In value dur
Ing the day, This Is true notwthstand-
ing the fact that London was a buyer
of favorite stocks all the day and all
the general news as to improving bus
mess and Increased earnings of rail-
roads continued to favor advancing
prices Prices were in fact higher
at the opening but liquidation quick
~ set In and prices generally re-
coded. The closing market Of accounts
of failed firm under the rules Of the
stock exchanges had something to do
with the undertone Of heaviness which
was manifest all day, The fear of in
terrupted traffic in the south from yell
low fever also depressed the price of
railroads in that region and sympathet-
ically the whole list The steady tone
manifested In the exchange market
early in the day had the effect of dis
couraEing hope of the early importa-
ton Of gold, and this had its influence
In aiding the reaction. This had the
greater effect because of the hardening
tendency of the money market, asking
rates for call loans being as high as
pa per cent The market weakening on
the exchange market in the last hour
served Ia steady prices of stocks to
some extent, the decline not only being
checked, but recoveries being shown In
the closing transactions of the stocks.
Posted rates for both long and short
sterling were reduced &c to 81 IS and
81 Sjls respectively. The rate of eX-
change on Paris was also weak and II
seems evident from the actlcn Of the
Bank OF England in maintaining Its
minimum discount rate at per cent. In
the face of the continued decrease in
Its reserve and in its stock Of bullion
that London expects Paris to supply
the first demands of this country for
gold, But the Paris exchange on Lon
don recorded a fall to-day which would
naturally tend to weaken the force of
the New York exchange demand on
Paris The heavluess of to-days mar
ket was mitigated from time to time
hN tho OF ma ltfagtaI i,tf al
stocks. Northern Pacific issues were
at one time in special demand and
showed marked advances, as was also
true Of Consolidated Gas Plttsburg,
Cincinnati. Chicago e. ST. Louis, Great
Western and MINNEAPOLIS & st. Louis
stocks. All OF these reacted from the
best but most of them remained at a
net advance over last nights close.
Pittsburgh, Cincinnati, Chicago and st.
Louis common and preferred show net
gains Of lB09 points respectively. In
the Minneapolis & ST. Louis stocks all
three are left with net advances of 2
points or over, Consolidated Gas also
gained points net after having been
POINTS higher, Other marked gains
were: Ice preferred "a Buffalo. Ro-
chester e. Pittsburgh 3ta; Chicago
Greatwestern preferred A 81, do. G 3;
Evansville & Terre Haute preferred 2&
and Erie first preferred, Bay State Gas,
Illinois Steel, Linseed OIL, Omaha pre-
ferrcd point or over. The declines
extended beyond fractions In the case
Of Sugar, Canadian Pacific Illinois
Central, Kansas CITY Pittsburg & Gulf,
Louisville, st. Joseph & Grand Island
second preferred, Southern Railway
preferred, Wheeling & Lake Erie pre-
ferred and Keokuk g. Des MoIncs pre-
fereG. Transactions In the bond mar
ket were on considerably diminished
scale and prices were somewhat easier.
The total sales were OF par value OF
about $3,OOO,OOO,
The bid price OF U. S. As new was z
lower; As coupon sold at l25A and do.
registered at 1904
The total sales of stocks to-day were
$50, coo shares.
Evening Posts London financial ca
blcgram:
The stock markets here were quiet
to-day and dull, but after n setback on
the receipt OF the New York opening
prices closed strong, Low priced shares
were largely bought by speculative ops
ti. -, ~
uoolHlHs carry III inc uHy' out closed
under the best The Paris bourse was
weak ON the ghnrp break In Spnnlsh
sncurIiioa nnd tba nesaIrnIelIc ,,,,,n,.s
nbowt ,bo n,rL ~ Gn,in r,ho p's,i,,
uuout 'nc jam w 'P"''' iHo peIlIh
market was steadS'
BONDS AND STOCK QUOTATIONS,
II & ,o,v As rc,, toeiL ORC II a Nav got,
an rn,,no,, 't5S pittat"ygh tS Ia
II 'I"P''''''' iiSH poodInge - ''''' '957,
o. o ds',,n''''''iiiiIh nonI iSian1ii no
,,"2 s4s .,''', 't au, ,,i"iig9ll