The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-12
FINANCE AND TRADE
The Features OF ths DIOnsy aud Stock
Markets.

The Features OF the Money and Stock
Markets,
NEW YORK, Nov. ll,-Money on call
steady at 1hQ2 per cent; last loan
2 per cent; closed at 1902 per cent,
Prime mercantile paper $685. per
cent Sterling exchange firm, with ac-
tual business In bankers bills at 81 S54
"a S5R for demand and at 81 S2jsq4 S34
for sixty days. Posted rates 81 S3AQ
4 ssh, Commercial bills 81 S1&. Silver
certificates 57lsQ5SlAc. Bar silver 57Ac,
Mexican dollars 45c.
Stocks proved unable 10 hold the
gains OF yesterday, and prices to-day
have declined to an extent which prac-
ttcally wipes out all Of yesterdays ad-
vanccs. net declines extending to
point or over in large number OF stan
dard active shares. The decline OF
American securities In London before
the opening here caused weakness at
the outset, and London was also quite
an active seller in this market all day
After quite a strenuous resistance to
the decline Just after the opening, the
market gave way, and With the excep-
ption of periods OF dullness and stead,
ness the course ofprices was downward
during the remainder Of the day. The
London selling was quite factor in the
decline, and the revised estimate of yes
terday's decision concerning the anti
trust law by the appellate division OF
the supreme court at Albany was also
a depressing influence, Apparently the
conviction in Wall street that the law
had been declared unconstitutional OBJ.
talned until to-day, and u realization
that the validity of the law had not
been upon, and that Incidental opinion
expressed In the decision rather pointed
toward unfolding Its validity materl-
ally weakened prices. This weakness
was especially manifest in the coalers
and the Industrial specialties, and had
something to do with the sharp decline
In sugar, which at the extreme amount
ed TO 5 points. Sugar was moreover
weakened by special considerations. one
OF which was the probability that the
control Of the Hawaiian crop was about
to pass TO its competitors. There was
also some apprehension us TO the final
decision Of the government on the ques-
ton OF countervailing duties on refined
sugars. question which Is the subject
of diplomatic negotiations. The deal
ings in this stock were large, and the
Quotations in its price affected the mar
ket by sympathy quite strongly. Con-
solldated Gas also suffered one OF Its
characteristic slumps of 6ia points to
100. Sugar touched price to-day fully
point lower than its previous low
point on the present movement. but It
rallied quite strongly point in the clos.
ing transactions. Peoples Gas, the sue.
cessor company to Chicago Gas, was
markedly heavy throughout the day,
and closed with net decline OF nearly
II POINTS. The southwesterns were
weak, Notwithstanding very favorable
showings of earnings for the first week
in November. That for Missouri Pa
clhc showed an Increase Of SlGG.OOO over
the corresponding period OF last year,
and Kansas Pacific an Increase OF near.
ly $4,000, Chesapeake and Ohio was the
only railroad to report a decrease for
the first week in November, amounting
TO Sl4,243. The railway list was weak
throughout, and net losses OF point or
upward are shown all through the &c,
tive list. The dealings in Sugar were
almost ore-fourth OF the total.
There was a falling of in activity IN
the bond market. and prices declined In
the latter part Of the day, Total sales,
N,i40,00O.
United States SIS registered and the
new 4s coupon rose u per cent bid. and
the 2's and the new As registered u per
cent bid.
The total sales of stocks to-day were
2S7,7lO shares.
Evening Posts London financial ca
bleEram:
The stock markets were quiet but
firm to-day. The feature was the fur
ther rise In Consois and in other best
investment stocks on genuine invest
ment buying Kafirs are rcvlvmg.
Americans opened firm. but the rise In.
dueed profit profit taking here, the 70.
cent buying, as ! cabled you, having
been tlmld and cautious, finally stocks
came forward freely from New York,
and prices consequently closed weaker ]
Grand Trunks are still booming bu
Canada Pacific was Fat, partly on the
new Issues OF 100000 pounds In capital,
which. is Is understood, have been un-
derwritten. The market was again
borrower at the bank to-day.
The Paris and Berlin markets were
steady.
BONDS AND STOCK OITOTATtONg