The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-10-22
FINANCE AND TRADE.
The Features Of the Money aud stocl
MnrkeIh.

easy at 292ia per cent; last loan per
cent; closed offered at per cent.
Prime mercantile paper 404A per cent.
Sterling exchange firm, with actual
business in bankers bills at 81 S41s for
demand and 81 S2a4 S2Is for sixty
days, Posted rates 81 sgha4 SS1s and
81 S5la. Commercial bills 81 81, Silver
certificates 5Sd5SHsc Bar silver 5S9sc.
Mexican dollars 45lSc.
What looked at one time to-day like
resumption in force of the upward
movement OF prices came to an untIme-
ly end In the afternoon on the Wall
street Interpretation of Spains report
ed intention to press for more strln-
gent measures against filibusters by the
United States government and 20 call
this government to account for success
OF tlibusterinG expeditions. Prices
were carried quite materially above last
nights level, at one time during the
morning the rise extending to point
or over in Sugar, Chicago Gas, Chesa-
peake & Ohio and Cleveland, Clncin-
natl, Chicago & st. Louis and 27s In
Consolidated Gas. With the exception
of Cleveland, Cincinnati, Chicago & St.
Louis, the gains were entirely wiped out
in every important stock and net de-
cllnes are near point in many in
stances and considerably over that In a
number. This makes up a very wide
range Of fluctuations for the day and
movements of prices were very conflict
ing and irregular up to the final de-
cline. There was a good deal OF COM
mission house buying reported during
the morning, but the market continued
for the most part largely professional.
Union Pacific was an element of weak
ness, its heavlness being caused by the
| reported circulation In the street OF a
| syndicate agreement being made con-
| tIngent on some further developments
| In the case Reports were also circu-
| lated that money was being raised for
| this purpose In London. Selling of
| stocks for London account was more or
| less of drag on this market The early
rise in the market was aided by the
| continued favorable character of state
| ments OF railroad earnings and ru-
mors OF statements yet to come. But
| the question Is arising In the minds of
| dealers In stocks how far the present
| high earnings are due to abnormal
movement OF special commodities. The
| president Of one Of the trunk lines
points out that the rise in the price Of
wheat and heavy unloading Of western
gmnaries and that the settlement OF the
| great soft coal strike Is bringing for
ward very heavy arrears of traffic. He
| adds cautiously:
ut is impossible 10 state now wheth-
err this Improvement Is due 20 the pros
perity of the country. After the alb
normal business is over will be better
able to stare whether the Improvement
| is likely to continue"
There has been OF course, a marked
increase in the movement OF general
merchandise over the railroads, but
owners Of the shares In these proper
ties are beginning to question the ex-
| tent of this general Improvement. Mo-
ney continued distinctly easy in this
market. the bulk Of the call loans being
made at about per cent, No further
,.o,,. -. ,'., o., st,o,,. ,hn 80
Iot'au .I'"'' ,Sc,,,. 80 go 80, ~" 49,, ,s,,
1ne r, III 49,. ill.,, -, ~
ILL., ttso Ue,''s '' ,u IN H,. No e,e
"ate't.eT, a. s' T -" NJ ~ +" ~
.L4e'lom !" NE ,n.N W. Hns.umu loanS
on small scale outside OF the indus
| trial specIalHes, the grange:s and one
or Two other leaulhE ia'lroad STOCKS.
Manhattan New jersey central ana
| starch STOCKS Northwest me PITS
burgh, Cincinnati, chicago 4 ST. Louis
stocks, tennessee coal, Rubber prefer
| red and Pullman were the notable weak
| points,
Transactions In bonds were dull and
prices in the main were firmly held.
Dealings IN r., p. collateral trust notes
were feature. Total sales, 81 AO0.b 900.
United States old As were advanced
| n bid. the new As Y bid, and the SIS
reg " and the rs coupon r. per cent
The total sales of stocks to-day we're
3OG 200 shares.
Evening Posts London financial On.
blcgram:
The Bank Of England return has come
ne n complcte surprise 10 the market
The feature IL that the bnnK has lifted
about 100000 pounds from the market
as shown by the decrease, 1000 600 in
other securities and over 2 900 900 poundg
I'm government securities.
Ii is generally known that the bank
was borrowing. hut the market had cstI-
mated gurh narrowing nj nbout ono OOo
pounds only.
Tho reserve ts nm only 20OOOO poun1g
in coin aud bullion ana down iiI 900
poundg, which ng 227 0OO mounds I'm poid
was cxporlcd for the week shows somc
return from hone circulation.