The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-09-18
FINANCE Am TRADE
Ths Features Of the Money aud stoc
nIarksta

anu HNUGh
Markets.
NEW YORK, Sept. 7.-Money on call
steady at 1%a2la per cent; last loan .
per cent; CLOSED at ll.G2 per cent. Prime
mercantile paper 4G4la per cent. ster-
llna exchange weak, with actual busl-
ness in bankers bills at "a S4&a4 IS for
demand and at 81 S2hGi, S2A for sixty
DAYS. Posted rates 81 S2di "a and
81 S5di Sc, Commercial bills 81 SlIs9
4 81. Silver certificates 57d5Sc Mexican
dollars l3Ac.
To-day's market was strong and the
average level of prices was consider
ably raised as a result OF the days
trading. 1t was noticeable fact, how
ever, that the greatest activity was
confined to spots. The gains also were
spasmodic in character and 1t could not
be said that there was any slmultan-
eous advance through the whole list.
During the periods while an individual
stock or group Of stocks was being adj
vanced. the general list showed dlspo-
sltIon TO fall into neglect and to halt
the advance. 1t must he said, however,
that the spasms of activity to-day went
the round of pretty much the whole
market The EranEers, the Trunk lines,
the VauderbiltE and the Southwesterns
all OF which have recently been check
ed on realizing sales. invited by pre-
vlous sharp gains showed recOverles to-
day, The most conspicuous feature OF
the market. however. was the lively de-
mand for the coalers, New Jersey Cen
trail was carried NJ an extreme 3A to
1913, crossing par for the first time
since February 3 Of this year The de-
cline which preceded the reduction OF
the dividend dated from that time and
eliminated on May a, when the stock
touched dSh II was one OF the
last stocks Ia feel the impulse Of the re-
cOvery OF prices The Reading stocks
all advanced point or over durlnu the
day, but fell back sharply Just at the
close. Lackawanna rose 2H aud Della
ware & Hudson 1A per cent. There was
some stirring up OF the dead cats and
dogs on the list, also and some sharp
advances were recorded In stocks so
low In price that II is only little way
to go To double a. The Southern rail-
roads seemed to have the Incubus Of
the yellow fever scare lifted. and Louis
Vile, Southern preferred and Mobile &
Ohio all gained considerable over
point The increase In gross earnings
Of Missouri Pacific Of $4,000 for the
second week In September and for Wa
bash Of S2S7l5, turned attention to the
S0uthwGstcrns and Missouri Pacific,
AtChlson preferred and Wabash pre-
fcrod al gained a point or over, net
The solution OF the troubles OF the soft
coal industry which Is being worked out
was reflected In sharp advances In To-
ledo, and ohio Central and Hooking
Valley preferred Union Pacific was
another conspicuous figure In the trad
Ing. being heavily bought by London
aud CLOSING with net gain NJ nearly
points Manhattan, which sold to-day
oN-divIdond ot ! per cent recovered the
dividend aud another point besides The
gr1ngCfa were loEs active than Of late
but unaffected strength Chicago Great
Western leading IN the Industrial list
the Spirit stocks, which have advanced
much less than others IN the current
movement ghOWcd sharp gains the
preferred rising a point The other lead.
INK uduatrInlH including Sugar Tobac-
CO.. Leather preferred Lead and Rubber
showed h Fumowhat heavy tone aud
closed at small net changes. except
Tobacco, when lost over point West
wn Union gained over u point nnd the
common aug preferred stocks NJ Pitts
hmgh Cincinnati, Chicago st. Louis
over points Tho exchange market
was veal, and dull especially that for
continental exchange, aud II W evident
that any material hardening Of the local
money hlc VIII result In prompt Inn
ports ur gold
To.doye market Tor rollrond bonds
WuH lUaH active uul only steady Toinl
sales uf stocks to-day were col sos
shares
Evening Posts London financial en-
bluum
Iho stock mprkulH were butlor horo
today, 1H operators are returning from