The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-28
FINANCE AND TRADE
The Features OF the Money and Stock
Markets.

Markets.
NEW YORK, Oct. 27.-Money on call
easy at 192 per cent; last loan per cent;
closed at 1909 per cent. Prime mer-
camille paper 4Q4h per cent. Sterling
exchange heavy. with actual business in
bankers bills at 81 S5bD4 SEA for de-
mand and at 81 S2AG4 S2% for GO days.
Posted rates 81 1904 SSh and 81 SSa
4 SGlS: commercial bills 81 SIN. Silver
certificates 57@59c, Bar silver 5shc.
Mexican dollars 45c
The stock market looked strong for a
time to-day and the level OF prices soon
after noon rose point or over above last
nights close in many stocks. But re-
newai OF reports that the Spanish reply
to the representations of this govern
ment was OF tenor that threatened
trouble caused the market to sell off TO n
point as much below last nights level
as II had been above In the morning, THIS
represented very wide range In the huc-
tuations. extending to points In Con-
solidated Gas and about points or over
in Union Pacific, Sugar. Pacific Mail and
several other stocks and over n point for
nearly all Stoke. Union Pacific contin-
ued to absorb a large share Of specula-
tive interest and fell during the day to
within &c of the lowest point OF Mon
day, when the governments announced
intention to postpone the foreclosure
sale was regarded as threatening a col
lapse of the whole reorganization plan.
The weakness Of the stock was due to a
report from sources not te be reeFgah-
izatlon interests, that the increased bid
for the property would involve their taxi
ing mp corresponding amount Of the
proposed new securities which would
have otherwise accrued In the treasury
OF the reorgani2ed company This would.
OF curse, pace u corresponding
propo-'lnn Of The fixed charges ahead
of the stock OF the Teur-
Eanized company. The suggestion also
found currency that the committee might
desire to increase the issue Of first mort
r1gr bonds above the 1000, 900 proposed
Notwithstanding the assertion of the re-
organization committees announcement
OF Monday that no change IN the plan Of
decentralization Ia Involved Ivy their deter
mlnntlon to bid In the Union Pacific
main line for the full amount Of the gov
ernmcntH claim Whatever the founda-
ton for the rumor Il helped 10 dcprcas
the price Of the stock 10 about what It
was before the second 81 assessment was
recently paid London WIS also seller
Of the stock to-dny In this market IN con-
trast to lts attitude yesterday Abl-
TRACE brokcre In fact sold most OF the In
ternatlonal stocks while prices remained
above the London parity sterling cX-
change yielded N per cent In the actual
rate ef demand biiis and " per cent In
posted rates Increased amOunle which
win have to be foreign interest on
account Of the larger hid for the Union
Pacific. was the cause Of the weaker
tone
There wns also said to be- some liquid
ntfnn Of exchange which has been re-
Gently purchased for use rs collateral
with n view 10 leaving funds IN
London NJ the higher rate Of
lntorcet prevailing there. The Etato-
ment Of 80 pnul'H net earnings for Sep.
tombrr showing M Increase Of over SAL
900 and rumurn If the heavy increase 10
be- shown by the forthcoming llurllng.
ton statement were factors I'm euncnng
the market about moan, Tho speculation
IN Burlington wnH tho moro active tii.
NOR bolnE free to expand the earnings In
the absence 0f accurate Information, The
atoch rgo NJ ono Time w. per cent aud
there Wcrc over 10000 shares dealt In
against $4,000 In Union Pacific
These two atoelta absorbed oHe,thlrd