The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-10-28
,Sf1NAECE AND TRADE

The Features OF the Money and stock
81 Markets.
NEW YORK. Oct. 27,-Money on call
steady at 1%92 per cent; last loan ia
per cent. Prime mercantile paper $40
" per cent. Sterling exchange heavy,
with actiiH business In bankers bills at
81 ssh al s5h for demand and at 81 SPY
al SEX 60 days; posted rates 81 $50
4 ssA and 81 Ss1s94 81; commercial bills
"a sl@4 s1N. Silver certificates 6Oh@
61hc. Bar silver 6O%c. Mexican dol
lars Axe.
The stock market showed continual
ton of yesterdays strength to-day and
the speculative activity broaden
ed out considerably in addition. There
was not quite such congestion of trad
ing in Tobacco and Sugar, although
those stocks continued 10 be the leaders
in point of activity. They were traded
In nearly all day at level below yester-
days close. though each stock advanced
slightly above yesterdays price for a
brief interval. The covering of shorts
which caused yesterdays rise in Sugar
left that stock weak again and the ex-
IRENE decline from the high point was
81 per cent A rally at the close leaves
the net loss 81 per cent Tobacco was
under pressure on the supposltlon that
the recently incorporated company is
destined to be a powerful competitor
and on denlals OF accessIons to the
American company of outside plug to-
bacco companies. The stock was at one
time on 2% per cent but closed with a
small net gain. In railroad securities,
the continued dullness and hesitation on
foreign exchanges was without effect.
There was q large demand for quite an
extensive list OF railroad stpcks, the
graugers leading with pretty much all
the western and southwestern roads
showing a good tone. The Eastern
trunk lines continued to lag on account
of the admittedly bad rate situation In
that territory which nulllfies the belief
OF the exceptionally large tonnage which
is being moved. ST. Paul was the leader
in the railroad list and the movement OF
the stock was supposed 10 foreshadow a
good September statement due to-mor-
row. The gross increase of that period
in earnings is known to be well on TO-
wards $500, 900 and 1t is surmlsed that
the statement will show a reduction in
the recent heavy rates Of expenditures
for improvements charged to operating
expenses. The September statement OF
Union Pacific. while showing a decrease
OF over $4,000 in gross earnings, showed
operating expenses so largely reduced
as 10 leave an increase In surplus earn
ings uf sl12. 1854. The delayed movement
OF cotton now coming forward and the
decrease of yellow fever foreshadows
good earnings for southern and south
western railroads. The easier tone to-
day OF sterling exchange was the direct
result Of the calmer feeling in Paris,
There was a heavy demand for sterling
exchange here yesterday for Paris ac-
count, which sprang from the same
cause as that which lifted exchange on
London in Paris above the gold export
point, namely the pressure to transfer
funds from Paris to London. 1t Is now
known also that the violent recovery in
British consols was party due to buying
for account of tlmld Paris capital be-
cause OF the domestic dlsqulet, but not
altogether to the relief Of the Anglo
French tension over FashOda.
There was Il good absorption OF rail-
road bonds today and prices are gener-
ally higher. Total sales S3,4sO,oOO.
u. s. new 4s coupon declined x; do
registered X, the IS registered advanced
" per cent in the bid price.
The total sales of stocks to-day were
$4,000 shares
BONDS AND STOCK QUOTATIONS.
| u. 8. % now. 1855 iOrc, II. & Nav. 80
| w. $. now ls reg 1854 Pittsburgh ,...l6a
do coupon, 1919 Reading ..,..." lG9t
| u. s. Es .......,..ilOGl 10 first pro-. 70
| do coupon. .iiiN Rock Island. ..ni03lt
do seconds zee, % 49,. Paul ...,...,lWA
| T.. s. e rcg.,....lll9t, do preferred, ..iG2
do g coupon, .1l9 st. =. & Omaha, 81
| Pacific Or OF 'Dj. .i02ls do preferred. .lG0
AichlsOn ....,,,., iZk Southern Pac... 2eN
do preferred, % lTcxna g. Pnc.... lSla