The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-11-22
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

the Features OF the money ana oLOCR
Markets.
NEW YORK, Nov 2l.-Money on call
firm at 5N@14 per cent; last loan and
ruling rate per cent Prime merean-
tile paper 5H@6 per cent, Sterling ex-
change heavy, with actual business in
bankers bills at 81 S5&a4 S5& for de-
nand and at 81 SiA@4 Sl%s for 60 days;
posted rates "a S2I4 and 81 81; CONNER
cial bills 81 SO294 81. Silver certificates
59a59Gc. Bar silver 5Sssc. Mexican
dollars age. Government bonds irres-
ular. stase bonds inactive Railroad
bonds easier,
The character OF the securities mar
ket to-day continued much the same'as
yesterday, that is In an attitude Of
waiting. There were no signs Of spec
uIatlye Juror and no large organized
buying was In evidence. Such a mar
ket has a natural tendency to gravitate
downward. Selling pressure was not
severe. however. holders OF stoclSs be-
ing content apparently to retain their
holdings and walt for the money sltua-
ton to work Itself out. The rosy views
Of the influence to be- wrought by the
redemption OF government bonds have
apparently been modified. The offer
lngs of bonds at the New York sub
treasury were somewhat larger again
than yesterday. but there were no signs
OF the great blocks OF bonds accumu-
lated by great banking interests Of
which rumors were heard and visions
were seen last week. Some of the
SPECTATORS who were demonstrating
for an advance have been giving out
assertions that blocks OF $l0,0O0,O0O and
even OF SlS.OOOO0O in government bonds
were to be presented TO the sub-treas-
ury and the proceeds used to flood the
money market and force the rate down
to a point Of easy. There was no strin-
gency in the market to-day. but the
money rate stitfened sugges;Ivcly to IA
per cent In the late dealings, as II to In
innate that the supply Of funds for
speculative commitments is stu re-
stricted to 4 narrow margin. New York
exchange at Chicago and some other
important outside centers weakened
during the day, the Chicago rate fall
ing to par.
Something was heard also Of money
stringency TO come in London. though
to-dny's quotations failed to forecast
any such event. Money and discounts
declined in London and in Berlin and
the sterling market here was soft.
Money was stiuy held, however, in
Paris, above the Bank OF Frances dis
count rate and this weeks action by
that Institution Is anticipated with In
terest The dulness OF the stock mar
kct was unrelicved except by profess
sional operations In Isolated Instances.
Manhattan was supported and retrieved
part OF yesterdays loss. Sugar, on the
other hand, weakened on dcnlals Of re-
cent stories OF settlement In the trade
war and leather took a downward
plunge on liquidation by tired holders.
The organized buying In Baltimore &
Ohio preferred and Southern Pacific
was discontinued. The following are
the principal stocks that show I'D
vances:
North American, Smelling, Glucose,
Lead. Metropolitan Elevated, Rubber,
Cleveland, Cincinnati. Chicago & st.
Louis, Canada Southern, Chesapeake &
Ohio, the Chicago. Indianapolis & Louis
Vile stocks. the Chicago Terminal
stocks, Rto Grnnde s. Western prefer
red aud Great Northern preferred.
G.aclcdc Gas was notably weak with an
extreme decline Of AZ and II rally Of
~ per cent. Profit taking was In EVIL
dencc among speculative bond issues
and the tone OF the market was rene
tIonary. Total saics par value sl,5iO,-
900.
United states old As registered de-
clIncd y per cont while the new ~ adj
vanced z pcr cent In the bid price.
u. S. Bonds.
U. S. "a rcg,...loi Y. g, OLD Is reEpIls