The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-10-05
ugAEcs AND Trade
me Fsaiurss or ihs Money ard stock
lIaFkots.

lIaEkots.
NEW YORK. oct. 4.-Aioney on call
2M9S per cent; last loan per cent.
Prime mercantile paper SlsG45 per
cent Sterling exchange easier, with
actual business in bankers bills at
a sI@4 SIX for demand and at 81 sih
a. slH for sixty days. posted rates
a S2MG4s5. Commercial bills 81 sou.
Silver certificates sl@sgc. Bar silver
SOMc. Mexican dollars 4s&c
Considerable irregularity marked to-
days operations In the stock market,
but the net result was In favor Of the
bulls, hnaI prices showing sharp gains
In many cases. Elements Of strength
included the 81 Paul statement Tor The
fourth week of September. gold en-
gagements presaging further case in
the monetary situation. and more gem
eral commission house buying. st. Paul
was taken in hand at the outset, and
lifted sharply, but Improvements in the
general list was arrested by lrregplarity
IN the specIalties. The market, generally
speaking. did not take on a decisive
tone until the late session. when heavy
buying orders were executed all around.
which advanced prices materially, Evil
dence that leading interests were sup
porting their favorites created uneasl-
ness among the shorts, and large lines
were taken In. This likewise Influenced
outside demand, which had been eliml-
mated from the market during the dsmor-
alJzatlon of the speciaitles. The bears
attempted to make capital out Of the
closing OF the Tradesmen's National
Bank. but It was not an effective card,
as after period of dullness, following
the announcement, prices worked up
slowly, until the movement assumed
large proportions in the late forenoon.
The futile efforts to bring about sub
stantial reaction in the railways combln-
ed with the ready absorption of all Of
ferings, aroused more hopeful feel
ing, which became Intensified as addi-
tional encouraging traffic statements
came to hand. Some lines reported fall
ing of in income. but this showing 1t
was felt would soon be counterbalanced
by the elimination OF certain untayora-
BILE influences current at the present
time. Tobacco pursued It's usual wild
course. and no variations occurred in
other members of the industrlals.
Brooklyn Transit made conspicuous
show of strength, the stock being taken
on expected benefits to accrue from the
absorption of the Nassau road, and eff
fectlve economies in operating expenses.
A concerted drive against Sugar late in
the day depressed the stock over thres
points, halted the general market when
the rise was in full swing. RealIzations
occurred all around. but better tone
prevailed at the close, the market end
ing steady.
The bond market to-day developed
considerable activity. and heavy pur-
chases were made of the current active
issues. The general tone was strong,
and brisk inquiry prevailed for some
mortgages, which usually DO not figure
to any extent in the trading. notably
St Louis & San Francisco liens. Total
sales, &2,S5O,OOO.
Considerable activity developed in
United States S's to-day, gain being
made of Il per cent to 1O5N. Bid quota
tlons Of all other Issues were unchanged.
Total sales of stocks to-day were 454-
44s shares.