The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-15
FINANCE AND TRADE
The Features or the Money and STOCK
Markets.


The Features OF the Money and Stool
Markets.
NEW YORK, Oct. 14.-Money on cal
steady at 2h@S per cent: last loan, 3
closed at 21s9S per cent, Prime mer
camille paper, 1905. Sterling ex
change steady. with acRlal business /,
brokers' bills at 4Siss for demand anC
at 4S1%+S3 for sixty days; posted
at a Sl%@4 50 for sixty days; posted
rates. 4 S2ls4 S31s and 4 $500 S5is; com,
mercIal bills, 4S11s. Silver certificates
571sS5S. Bar silver, SIX. Mexican dol,
lars. 44c.
The action OF prices In to-daV's mar,
ket might be hkened to the tollsome
and arduous efforts OF weakened an.
imal to climb to a secure station, only
to. be continually tumbled backward b.
single hostile stroke. The ready sue.
cess of the bears in depressing price.
led them openly to take profits. The
spasmodic covering movements were
achieved without effecting any marked
change IN the general level OF prices
and the upward course soon resulted
in an almost stagnant condition. There
would be spirit OF activity whenever
the bears renewed their raid and APP
parently the desire to sell only ceased
when the bears ceased in setting the
example BY short selling. Chicago Gas
continued to occupy by far the largest
share OF attention and ranged over Al
points during the day. Large support
ing orders were in the market at the
opening, so that the initial sale was at
fractional advance over last nights
close. But this was the highest quota
ton OF the day, and the majority of the
dealings was at level considerably
over poitn below last nights close.
Sugar, which came next In point OF ac-
tlcity, was also under very heavy press
ure. and declined at one time points
below last nights level. The firmest
tone OF the market during the day was
in the last hour, and II looked as though
prices would be allowed to recover to
within fraction OF last nights close,
but n renewed drive in the last ten
minutes of trading knocked the toll
some climber again. The net losses
ranged from to per cent. in the
most active stocks in the list. The
Southern railroad and the southwest
ems and some OF the coalers showed
the greatest weakness in the railroad
list. Manhattan was oulte severelv
handled. There was no reflection OF
any development in affairs OF the day
in the course of prlces the market he.
ing wholly nrofessIonoI Tho fact was
demonstrated with sufTicIent clearnasa
that vestar6,v's rocowerv yas rot n
resumntIon 81 sustaI,oJ unward
course ~ nrtcas brt Voc sinnly dws ~
nrofessInnai manInn,otion 10 Sorco a
covar,,,s ~ short rontrnot. y,hIoh h,J
hoon frooIv MI 40 tor Az, ~ t,ra
nrsviousIv Tho goI1 ,r,Ich ,,os sStnY
,,od sran, Enrana ST. ,ns. r.oaL T 49,, %
prr,va ,n-da- tSoo Son ,'ai,n SosSs,.o ~
az ~ u 1Iuo'Vvv ~, ,.tS oo %ep ~,
a. bo,, vm,v1 ,. nv ,. s''V,ovv ", VIZ
I.ot ,,m5 mU"Se ,Su''s s s ,mUuss lnuI
Ioi hta 49,, Nus" e 49, nv up
p s emdmse Ia rates ster.hs eS-
,'n,ae. W. . mas - Sp''v p .me uu
r Ea,lGes 10 i" per cent IN 'hs bsnk OF
"saau rae OF a'sSon Snr NO rnF'ner
en nSa,,ns % Eolu LOT imports are
i,nnS,. I hosh.o w 'mey aIe eonsi9eI ts
sbarg ~ ,s w W. WEN CLOSES; anu tue
DIT Ia, ia,i II, ' , la'e Oh g1ehanse on
ront ' .Iaus w. 'ns sUPpusltlo!i tilu' .ne
traS, ' a,p,a w, ps rom .ne't. ne
~, .S, S. o''ar ,or Sep.GUer lssuea
10 'av o soSe.t',,S,'s ,'hes u lIHeiy 'hat
~, ~ o,,. ~ , ,Epotts OYER itlports ior
o t', So i,'otn VIII pe lounu 10 1901 up No5'
OVVVOo' "sa's az yH nnG oS SalvVVguV iof Au-
gus anu over slnoOVVVO Tor july
vu ,otlol, movement Whlch