The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-09
FINANCE AND TRADE
The Features or the Money and stock
Markets.

The Features OF thc money anu Sloth
Markets..
NEW YORK, Nov. s.-Money on call
easy at 1kG2 per cent; last loan per
cent; closed at 1902 per cent. Prime
mercantile paper SAai1s per cent. ster-
ling exchange easier, with actual bust
ness in bankers bills at 81 S57s for de-
mpnd and a S2isal S2% Tor co days;
posted rates 81 $685. S6la; commercial
bills 81 SIN. Silver certificates 57isG59c.
Bar silver 577sc. Mexican dollars 44%c.
Prices OF stocks 1uctuated very widely
and very easily, traverslng Il range up
and down many times In the course Of
the day. This indicated a feverish tone
Of the speculative mind, a readiness to
dispose NJ holdings on slight intimation
of possible untavOrabie developments
and an equally nervous anxiety on the
part of short sellers to cover their con-
tracts on any appearance Of n hardening
tendency in the market. The most for
midable event In the days happenings
so far as any effect on values was con-
cerned. was the further postponement Of
the announcement OF the supreme COURTS
decision In the Nebraska maximum
freight rate case, which was confidently
expected to-day There has been assur-
ance felt in Wall street circles that the
verdict In this case would be favorable
to the railroads and even II favorable
verdict had been announced to-day profit
taking would probably have led to de-
clncs in the stocks affected. But the
news OF the postpOnement led to the cir
culation OF rumors that the verdict would
In face affirm the validity of the contest
cd statute This rumnr Induced much
selling Special weakness was induced
also In the coalers by the very discour-
aging reports Of the condition OF that In
dustry due to over-productlon, cutting Of
prices and the persistent mild weather
There WAS moi lacking the stock Spanish
war scare, which was made ~ do duty
again to-day. These demorallzing fac
tors did not begin to be felt until some
slight improvement over Saturdays
close had been effected In prices, Sugar
leading the way There was notable
Improvement also from the low point be-
fore the close Of the day, due to covering
Of Efforts and on supreme court dccls-
ion against the lnter-gtnte commerce
commission M to the regulation Of rites
under the long and short haul clause
where water rates are In competition, In
consequence OF this rise at the opening,
the Improvement at the close, net de-
cllncs arr much diminished. Spirits per-
fCrred was the first stock to eXhrcler an
unscttllnE Influence on the market, with
a slump OF Gh points IN news Of the fail
iro OF the Kentucky dlatlllcrs combine
ton. New Jersey Central Registered an
exIromu decline If IN st Joe N Grand
Island first preferred Of &. Delaware q
Hudson and Manhattan 4 ana sugar "a,
Omaha g. Lake Shore az, Cottonsccd or.
Leather preferred, Pittsburgh Cincinnati
chicago n ST. Louis preferred aud tlll-
nols steel from tu 3M per cent each and
burlington Pittsburgh, Cincinnati Chi
cngo a. H. Louis Chicago Gne, Missouri
Pacific Reading FIRST preferred, Illinois
Central Northwestern and other proml-
mont stocks from 10 2h per cont, The
latter In burlington na being largely NJ
focicd By the Nebraska maximum
freight law H. Paul was Iulte notably
nrm On London buying aud u number of
other pi1ola Wcr also bought quito
steadily for London nrcount NJ the de-
cline Sugar wna very active through
out the day md WA quite HDnllllyc 10 ni-
tnok Detroit lnH was u notnblc oxccp-
tl0n In the weakness NJ the Hat with n
not gain ~ ~ points
bonds were weak In sympathy with
ftucls, hut uon1lcd lntut In tho day
Total anlel 'l,htO0oO
U. b, 90 declined y per cent aud the