The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-10
FINANCE AND TRADE.
The Feature. OF the Money and stool,
Markets.

@~NF~ N~FN@N
The Features OF the Money and Stock
Markets.
NEW YORK, Sept. 9-Money on call
easy at 1A@lh per cent; last loan ~
per cent; closed at lkQlIs per cent,
Prime mercantile paper S%@fla per
cent, Sterling exchange easier with ac-
tual business in bankers bills at 81 500
S6B for demand and at 81 S3A@4 81
for 60 days. posted rates 81 S41aQ4 S5ls
and 81 S61sQ4S7 commercial bills
81 S21a. Silver certificates 5SQ54c. Bar
silver 53hc Mexican dollars 43c.
The market responded to higher quota
lions In London with fractional rise at
the opening, as It responded yesterday
with q decline. The advance in Illinois
Central extended to III and In Southern
preferred a point and the latter stock
held remarkably firm all day in the face
OF heavy liquidation all through the mar
ket, Illinois Central rather unaccount-
ably declined nearly two points in view
of brilliant achievement in earnings dis
closed by the August statement report
ing an increase over August last year
of $5ll,22S. The detailed statement for
July showed that the increase in the
net earnings fell just short OF $150.00O.
The stock rallied later and closed with
a net gain. The market sank quite
weakly under the heavy realizing move
ment In the market. Buying invited
realizing sales and likely the failure of a
large outside brokerage house had some
thing to do with the heavlness on ac-
count of the liquidation entalled upon
agents on the floor. The decline ex-
tended to 19s in st. Paul. l% In Northern
Pacific preferred and an average OF
point in q large number of leading
shares. The assemblage of the st. Paul
directors with quorum present was
the effective influence In checking the
decline on account of prevalent belief
that an extra dividend would be de-
clared. When 1t became known that the
decision Of the directors was In favor of
making the extra dividend / per cent.
the stock mounted upward strongly to
par, which 1t touched for the first time
in fourteen years. The price receded n
fraction then as though the maximum
had been reached, but renewed lmpe.
tus was impaired by the enormous buy
ing Of all that offered and the price was
Illleu W lVl anu Utlu liltlt I'LL lile NlOSt.
Sales of st. Paul were over 900 shares.
This lively advance affected the other
grangers by sympathy and extended an
improved tone all through the list The
renewed strength In the grain markets,
the reports of heavy traffic on railroads
and the improvements In earnings help
ed the rally. Oregon Navigation showed
an increase of S223,906 for August. Rock
Island, ktchison preferred, Missouri Pa
cific, Louisville & Nashville, Northern
Pacific preferred, all scored notable re-
coveries. In the specialtles General
Electric rose rs, but reacted fraction.
National Lead gained 2h. Manhattan
advanced at one time nearly points,
but closed with a net gain of point.
The coalers were heavy, the decline ex-
tending TO n point in Delaware & Hud-
son. The prospect Of settlement of the
coal miners strike caused some move
ment in stocks of soft coal roads. Chi
cago Gas was In good demand and gain
ed over point Other notable gains
were: Chicago & Alton 4; Consolidated
Gas Az; National Starch first preferred
4, and Oregon Navigation "a. Dealings
in bonds again conferred In the Atchison
issues, Central Of Georgia first incomes
advancing 4k. Total sales $1,000. 000
U. S. old As coupon advanced "a bid
The total sales of stocks to-day were
6O5GO6 shares.
Evening Posts London financial ca
biegram:
The stock markets were strengthened
to-day by the retention of the bank rate
but the American is still the only de-
partment where any movement OF i'm
portance Is taking place. A quiet open
Ing in those stocks was followed by
great strength and animation. the bears
closing in anticipation NJ the settlement
and the public being small buyers OF low
priced description.
Fifty thousand soverelEns In gold
were withdrawn from the bank for India
to-day and $4,000 pounds for Nova SEQ
tia. The Berlin market was more or less
weak. The Paris bourse had firm
opening, became dull, but closed at re.
Covery.