The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-12-02
FINANCE AND TRADE
This Features of the Money and Stock
Markets.

Markets. .
NEW YORK, Dec. 1.-Money on call
easy at 1909 per cent; last loan 1h0
l& per cent; closed offered at ia per
cent. Prime mercantile paper $685. per
cent Sterling exchange easy, with ac-
tunl business in bankers bill at 81 S54 %
4 Sc for demand and at 81 SS04 S3H for
sixty days. Posted rates 81 81 and "a 81.
Commercial bills 81 89ia. Silver certiA-
Gates 69ia@60c. Bar silver SOS. Mexican
dollars 4GlSc.
With only insignificant Interruptions
prices tended steadily upwards all day
on the stock exchange, closing at about
the highest with very buoyant tone
Net gains exceed q point In nearly all
stocks. The advances at the opening
were trivial and trading was not very
active, but as the day advanced the
scope OF the speculation brondened and
assumed Il more aggressive and conf
dent tone The strength OF The market
developed first in Sugar and spread
gradually through the market, sepa-
rate stocks being advanced sharply one
after the other before the whole market
took up the movement Missouri Pacific,
American Tobacco. Michigan Central,
Illinois Central and Cotton oil prefer
red were among the earliest affected in
the order named. Later the coaters de-
veloped strength and 1t was not until
the closing hour that the granGers and
the market generally responded in any
marked degree. Some o. the stocks
which developed most activity and
strength yesterday were somewhat neg
lected to-day, while the rest Of the
market rose to proportIonnte level,
The bear element did not Weld with
out struggle and was not driven to
cover I'M late In the day, when she
scramble OF the shorts materially aided
the rise. There was no news of import
ance during the day, thu bullIsh senti-
ment on the exchange being rather a
erystaltzing OF several DAVIS Impress
ions The successful conclusion OF the
Rock Island "efundlna scheme contin-
ued 20 be much talked of as lid the
favorable railroad statements for DC
tober The Burlington statement es-
pecially was interpreted more favor
ably than yesterday. the earnings re-
ported being exceeded only by those of
September of this year. The small ex-
cess shown over the earnings Of Octo-
Der last year Is due to the fact that last
years earnings for that month were
exceptionally large. The almost total
subsistence Of apprehension over the
Cuban question also had its effect.
There was some awakening of outside
interest manifest In through commits
sion houses. This was not on a large
scale, however, and the days rise was
for the most part due TO the operations
at powerful combined interest. The
stock Of southern railroads showed a
notable tendency to lag The October
statement of the Louisville & Nashville
probably had Its Influence on this group
showing as II did heavy decrease In
gross earnings combined with an In
crease In operating expenses which
brought the decrease In net earnings up
to S127S3l. Il Is significant of the dull.
ness Of business which has prevailed in
Wall street for some time past that a
stock exchange seat which was offered
at auction to-day, found no bidders and
was bought In for $4,000 for the estate
which offered IT, II should be stated ing
this connection that the ownership Of n
seat does not carry with II membership
in the exchange without election and
that the customary method OF selling
seats Is through the officials OF the eN-
change itself. No impression was made
on the money market to-day by the per-
iodlcal interest aud dividend dIsburse.
mcnts.
Tho bond market was strong and
very active, the speculative issues
showing notable advances. Total sales
S3,GOOOOO
United States new As advanced u
per cent bid.
The total sales of stocks to-day, were
1886, 800 shares.
Evening Posts London financial ca
blcgram:
The stock market was firm on the
whole, n pleasant feature being the
rather smart rise IN Americans at the
close. The Berlin market @as steady
and the Paris bourse Arm.
,,oA,nr Ah-f, crnrty pTfO'r AMONG