Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1897-10-09
FINANCE AND TRADE.

NEW YORK, October S-Money on call
easier at 21aQ3 per cent; last loan per
cent; closed offered at 21z@3 per cent.
Prime mercantile paper 900 per cent:
Sterling exchange firmer with actual
business in bankers bills at 81 SALONS for
demand and at s. s s21sa4 for E. 60 e., days
Commercial bills 81 81.
SilvsFl certificates, 57012c.
Bar silver, CSC.
Mexican dollars, 43Ac.
Government Firmer.
| u. S. Is registered ..................... Sote
". s. As registered .-.................liiaaiA
Y. 5. Is coupons ..-..............-.....Id 5t4
New u. S. As registered ................1 261a
New q. 5. rs coupons ...............- l2o74
y. s. 5s regi tered .....................ll 2A
Y: ,. 5s coupons ...,...................Io
States-Duli.
RalroadS-Firm
STOCkS.-The bulls were apparently
! impressed with belief that the opening
of the stock market to-day, beginning IN
would effect turn in ,:e. market and
send prices upward again after the long
sustained reaction. Their confidence was
dissipated very son after noon, and the
market became almost lifeless. Business
was OF the lightest possible description,
and fluctuations w re narrow ana unlm-
portant, many important stocks being en-
trely neglected. The total sales FOR the
day fer all stocks were only 100000 shares.
The bears have apparently come to the
end OF their campaign, and there is no
stocks even at the low Level. The mar
ket seems in fact to have swung to
standstiil. The announcements made to-
day of gold engaged for import footed up
total of I,3oCO00, and of this amount all
but S1,5C0,000 comes from London. To-
days engagement OF S1,5O0,000 in Paris is
the first to come from that centre on the
total movement, which now foots up S.
l50, Geo. This is entirely al variance with
all the prophesies made by the financial
authorities who have foretold that London
for gold from the United States upon
Paris. London has apparently viewed
with great equanimity the increasing de-
mand upon its gold reserves. The Bank of
england has gone on expanding its loan
IN afce Of the continuous drain upon its
gold and no change was made on Thurs
day in its rate of discount. The open
market discount rate in London has re-
NAMED about steady up to to-day, when
1T hard ned slightly, and the same thing
was true in Paris in response with the
gold engagements. The effect in New
York, while it was almost unappreciable,
On the stock market, was percepuble in
the money and exchange market. Time
money was distinctly easier. rates being
lower at per cent. for 60 days and up to
per cent for four and six months. Ac-
tual rates of sterling exchange advanced
a and posted rates IL per cent.
To-morroW'S bank statement is expect
ed to show less marked contraction of
loans and a smaller falling off in depos-
its than has been the case for two weeks
past as a result of the demand for cur
rency from the interior. This demand
has been less during the week and the
banks have not bsen at the necessity of
calling in so many loans to protect their
reserves. Dealings in the stock maTNet
Were largely confined to the ndustrals
and to the specialties, and the net changes
though for the most part gains, are small
except in few cases. Chicago Gas again
absorbed nearly one-third of the dealings
and recovered ~ of Yesterdays decline
Consolidated Gas improved points: Cen
eral Electric one point and Manhattan
IA.
The bond market showed more life than
the stock market, and prices were firm
Total sales, $1500,O00.
L. S. old As registered advanced Il bid
and the IS registered the same
The total sales of stocks to-day were
252S00 shares.
Quotations closed bid: