The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-09-23
FINANCE ANp TnADE.


NAuEhtNAs
NEW YORK, Sept. 22.-Money on call
firm at soc per cent; last loan, 6.
Prime mercantile paper, 4&@5R per
cent?
Sterling exchange firm, with actual
business In bankers bills 1t 81 S5Hq
S5Ik for demand. and at 81 Sl%@4 81
for sixty days: posted rates, 81 $50
4 S3ts and s. SGIk04 81; commercial
bills, 81 SOIk94 81. Silver certificates,
5SlsQ59hc. Bar silver, 5S$c. Mexican
dollars, 4Tkc.
Government bonds firm.
State bonds Inactive.
Railroad bonds strong
The recuperltlVe tendency on the
stock market gained decided force dur
ing the progress OF tO-day's trading.
The uneaslness abroad was an element
at the opening, and changes were small
and irregular and the tone Of the spec
ulation hesItating. Anaconda was nota-
bly, affected by disappointment Of the
British stockholders over the amount
OF the dividend. and dropped nearly
points from yesterdays closing level
here. The pressure against American
Tobacco was also In evidence, and
Brooklyn Transit had struggle TO
overcome Its opening decline. The lat
ter eventually moved upward, and
though Il fell once again below last
nights level Its advancing tendency
afterwards was stimulating influence
on the market throughout the day. The
stocks OF New York city corporations
showed close sympathy with the move
ment in Brooklyn Transit, and many
rumors were prevalent to account Tor
the movement pointing to "a plan of
unity OF control Of all the public utili-
ties In the greater city Of New York.
The fact that the interests which have
been in conflict In the local gas war
are more or less idelhilGd with the
various traction companies gave color
TO the rumOr. Net grlns in this group,
Including Manhattan, Metropolitan
Street Railway, Brooklyn Transit, Com
salldated Gas and Brooklyn Union
ranged from lHto points. The move
ment IN the speclclties was most con-
spicuous throughout the day Dut
rather notable demand apran6 up Tor
the railroads, attracted by sudden
rise In Omaha Of "a, in Northwest OF
ard in New York Central OF lla. These
gains We're not maintained. but there
was notable buying all day OF Southern
Pacific and OF the grangers. one or
two OF the Southwesterns advanced
well, The movement In the railroads
ala not extend far outside these limits,
except for some obscure stocks. Peo-
Mes Gas was strong, in sympathy with
brooklyn Transit and there were good
advances In Sugar and Tennessee coal.
American Hoop and Federal Steel
showed strength, and Pullman rose an
additional Y on rumors Of an extra DIV
liend There was very heavy de-
mand In the last hour Tor the Leather
stoc,.s, which was a material factor
In overcoming the relctlouary tendency
Of The market. United states Leather
common advanced to l5i6 end the pre-
fcrred to 79aac cluslng at the Top. inc
general market closed stendy uhaer
This sustaining Influence, somewhat De
low the best. Speculative opinion was
lnclincd 10 luol; for a favorable bank
statement tomorrow, and was much
rhgereJ thereby There was no further
evidence OF stocks being FORCED to sale
hy calling OF ioanH. ana the rate OF the
cau money did not rise above 6 per cent.
and feil on minor transactions below
fiat. This rs pretty good evidence that
The bauka are within their legal re-
serve, but Il dives no clue as to how
f5r the surplus may have been rcplhn-
ighsd. Tn banks have lost S2.5l6'OoO
10 the Gub-treasury. and the known
moveIuo-..s Of money indicate n lurthcr
loss To the Interior OF about S2,16OVpO'
Tbcr, Inns evidently been some oitset
10 the Interior movement by receipts
through the mail, and through other
rhaEnplt not generally used Tor ms
nurposc. The condition OF the surplus
therefore. depends entirely ON the eN-
teut In which loans have been contract
cd and danosIt liabilities thus reducei.
THE stock market during the week mas