The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-10-19
FINANCE AND TRADE
The Features or he Money and Steel
Markets.

ans lAANAIN- u ~ AAA8Nd 49,
Markets.
NEW YORK. Oct 1s.-Money on cali
steady at 2@sA per cent; last loan sM
per cent. Prime mercantile paper Sh@
4 per cent. Sterling exchange steady,
with actual business in bankers bills at
81 s4N@4 s41s for demand and at 81 sliz
a. SIX for sixty days Posted rates
"a s994 s21G and a IS. Commercial bllis
a S0h. Silver certificates COX 66lc. Bar
silver Coo. Mexican dollars 46Ac
Prices Of stocks drifted siuggishly,
and, to all appearances aimiesslY all
through the days session. The almost
gtagnation condition Of the market was
scarcely relieved by q single feature.
Even the trust stocks felt into neg
left, after q long period Of eFratic fuctu.
atlOnS. Tobacco was raided down at
the opening on explicit ouncements
that the uch-taiked-of plug tobacco
combination had once more fallen
through. There was injected into the
dulleSt portion Of the days trading two
successive transactions Of 1850 shares
and 5000 shares, respectively, OF To
bacco preferred at liz Seller 80" This
represented a transaction Of over $2,O0O,-
900, and was. supposed 70 show the dis
posat Of the company'0 treasury stock,
application for the listing Of which was
made yesterday. The common stock
was rather feverisiI for time after this
sale, but settled down into steadiness
and neglect There was an up-tprn In
Sugar also during the day. which was
explained by the news that certain
grades Of soft sugars had been advanced
In price. Realizing subsequently wiped
out practically all Of The advance. The
railroad list held generally firm
throughout the early part Of the day,
but subsequently eased OF, in sympa-
thy with Sugar and the Northern Pa
cifc. The daily attack on the coalers
lacked vim, and the decline only reached
"a poInt in New Jersey Central. The
trafiic statement Of ST Paul for the sec
ond week in October, showing an in-
crease over last years earnings OF near
~ $4,000, is undoubtedly a pretty fair
Indication Of what Is going on in the
grain carrying roads. AN reports agree
that It Is difficult to secure enough cars
to meet the demand for freight move
ment, both eastward and westward
bound The speculative public appar-
netly views these developments with
apathy. The same apathy existed to-
day on all the securities markets Of the
world, the pause in London being at
tributed to waiting for more settled po-
liticai conditions, and the completion of
liquidation in Berlin, growing out Of the
money stringency there. The process
Of accommodating exchange here is going
on from day to day, and the banks con-
tinue to gain cash from the sub-treas-
ury. The final allotment Of government
IS from Washington makes 1t probable
t,lat government deposits in national
banks will soon approach the 100000
600 mark, after which the running def
cit in the revenues Is expected to stead
lily diminish this amount.
Bonds were dull, but were firmly held
to-day. Total sales, $l,S45,0O0.
United States old As registered adj
vavnced u per cent, do coupon and the
5's Y per cent in the bid price.
The total sales Of stocks to-day were
1880 shares.