The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-09-17
1IHGEcE AND TRADE
The Fsalars. >5T lllo Slonsy and s,osL
BIaFksts.

BIarkst..
NEW YORK. Sept Is.-aioney on call
sMa5 per cent: last loan ~ per cent.
Prime mercantile paper 465 per cent
Sterling exchange weak. with actual
business IN bankers bills at = ss&G4 81
for demand and At 81 s1A6l 50 for 60
days. Posted rates 81 sS64 SS1t and
81 $500 ssh. Commercial bills 81 $40
4 s1R. Silver certificates 6Ohaslc. Bar
silver 6oEc. Mexican dollars I7Hc.
Government bonds strong.
State bonds dull
Railroad bonds firm.
There was a recrudesenes OF fears OF a
squeeze in the money market to-day
This had the eject of bringing the
morning advance in the prices OF stocks
to a standstlll. The dullneSs that fol-
lowed invited operations by the bears.
They centered their attacks on Sugar.
which was but feebly supported at any
time during the day. though there were
one or two sharp rallies on covering OF
shorts They enected an extreme de-
cline Of aver 1--WE points IN this stock
and worked a reaction In the whole list,
earlier advances being entirely wiped
out with few exceptions. The decline
did not bring any very heavy offerings
and was effected on light transactions
for most stocks. There was profit TAX
Ing by room traders but no resumption
OF the urgent liquidation which was
characteristics OF the market earlier in
the week. Active support was With
drawn, however, and manipulation to
advance prices was abandoned for the
time being. The earlier part Of the day
saw an active market and some sharp
advances. the Pacihcs and the indus
trials maintaining their Leadership. To-
bacco made a new high record at 152fs'
as did New York Air Brake at 1O4. The
grangers were in good demand, but
there was no apparent EFFORT to advance
prices. There was a slightly higher
range for call loans at the board to-day
but the apprehension OF stock operators
was rather of the sentimental effect OF
probable further decrease in
surplus reserve which will get money
for use. The decline in the surplus is
partly due to the fact that last weeks
statement was based on falling aver
ages so that last weeks operations will
be partly reflected in to-morrow's state
ment. Moreover, there had been no such
contraction OF loans this week as last to
onset the losses in cash which have con-
tinued to lesser extent on account Of
subscriptions TO the government loan
and out Of town demand for currency.
It Is not expected therefore that the
statement Will show much surplus re-
serve left, in spite of the large deposits
OF government funds which have been
made with New York banks during the
week. Outside banks show DISPOSE
ton to send money here to be loaned
and especially for the purchase OF mer-
camille paper. Moreover about 3i,3oO,OOO
additional in gold was engaged in Lon
don to-day for import so that no further
serious crisis is expected in the money
marker. London bought stocks here
this morning but turned seller after
prices had advanced and the engage
ments of gold for Import had been an
nounced.
The bond market was moderately ae-
tive and prices were quite firmly held.
Total sales 32,7SO,OOO.
u. S. Is both old and new and the IS
advanced 4 per cent in the bid price to-
day. Demand for the Is was much cur
tailed and the price ruled at 1853 all
day.
The total sales of stocks to-day, were
497,lOO shares.
1870, ,>.,, s--,r,,- r,,oyr ar1oO.s