The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-10-08
riEIKcR AED TRADE
Tn. Features .. tl,s liouey aud stock
MHrhrfs.

I Tbs Features tiif Honey ana AtpeA
uHrhri..
NEW YORK. oct. 7.-Money on call
steady at gsg5 per cent; last loan "a
per cent Prime mercantile paper $40
per cent Sterling exchange easier.
with actual business in bankers bills at
81 siG4 $40 for demand and at 81 sl%S
: So for 60 days; posted rates 81 s2fs@
4 IS. Commercial bills 81 sOls. Silver
certificates sols@6l15e. Bar silver 6olsc.
Mexican dollars 1880. Government
bonds strong. State bonds irregular.
Railroad bonds irregular.
The stock market continued narrow
and professional to-day and even the in-
dustrial specialties which have shown
violent fluctuations and feverish activity
for some time past. fell into comparative
quiet The industrials nevertheless con-
tinued to occupy the most prominent
place IN the trading. The movement OF
pr1ees ~ this group was conhicting IN
The .arty part OF the trading, but the re-
actlouary tendency gained the upper
hano in most cases and wiped out near
Nv an OF kUG EhAAAGA heAAAos 1NhA-
less active than of late, but ruled above
yesterdays level most Of the day and
rallied a point from the lowest In the
late dealings in face OF the continued
heayiness of the general market. Met
roDolItan was advanced early to 167, but
broke in the late dealings to 1885,. Peu-
ple's Gas and Brooklyn Rapid Transit
also enjoyed their periods OF strength
but succumbed in the late dealings, the
latter showing a net loss Of Is per cent;
Tobacco. Consolidated Gas. Cleveland,
I,orain & Wheeling preferred, Reading,
Reading first preferred, Pacific Coast
Improvement and a number OF other
specIalties were notably weak. In the
railroad list the most notable feature
was the continued large offerings OF
Northern Pacific and the poor abSorp-
tive power OF the stock shown by the
market.
The opening was at a decline Of * per
cent in spite Of the fact that It was the
one American stock which showed an
advance In London. The price declined
at one time ~ per cent and rallied only
feebly, Some effort was apparent to
support the price at times which was at
tributed to German holders, but the
burden OF liquidation was too heavy.
Union Pacific sympathlzed. The prefer
red stocks Of both companies were nota-
bly, firm, the declaration Of the regular
quarterly dividend Of l per cent on
Northen Pacific preferred being an incl
dent of the day. There were rumors in
connection with the decline In Northern
Pacific common OF serious differences
amongst outside interests over question
OF policy, the interests holding very In
fluential position towards the whole
trans Continental situation. There is
the fear that further conflicts over
trans Continental business Will be In
volved In the outcome.
Next TO the Pacifics, the Changers
were most notably affected. The fall
ure of this group to respond to the very
favorable earnings showed by recent
statements has also Invited realizing.
Rates for time money were easier to-
day and mercantile paper is also tending
to a lower basis with a very little sup
ply In the market. The shipment of
currency to the Interior during the week
has Offset imported specie and as banks
have gained from the sub-treasury to-
morrow's bank statement Is expected 20
show further large gain in cash re-
serves The reactionary tendency de-
veloped in parts of the bond list inter
early flrmness. There were sharp gains
In Wisconsin Central First and Susque-
hanna g. Western general IS. Total
sales So, 155, OOO u. S. Is advanced x per
cent, the IS, when issued u, the old 4s
registered and the new IS coupon Il and
the new IS registered and the IS y per
cent in bid price.
PONDS AND STOCK Quotations.