The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-11-30
rnANon ann TRApE.
The Reaturss Of the Money and stock
Markets.


Markets.
NEW YORK. Nov. 2s.-Money on call
closed easier at 500 per. cent; last loan
8 per cent: ruling rate per cent. Prime
mercantile paper 51t9s per cent. .ster-
ling exchange steady. with actual busl-
ness in bankers' bills at 81 ss5t94 IS for
demand ana at 81 sOH@4 81 for 90 days;
posted rates 81 s294 seq and 81 s7;com-
mercial bills 81 1904 soh. Silver certl-
ficates 5s& @5sAc. Bar silver Lsltc
Mexican dollars A7Ac. Government
bonds strong. State bonds inactive.
Railroad bonds frIn.
Prices OF stocks were on the whole
very well sustained to-day. in spite Of
some factors making for reaction. Chief
of these was the continued hardness Of
the money market, the further slump in
Leather and the movement to take
profits In the trunk line stocks which
have advanced SO aggresslvely for come
time past. This profit taking move
ment was the nearest to ofhclal COM
firmatiou that could be had Of the num-
erous published reports and rumors Of
a consolidation of control of the great
trunk lines. Those favored with adj
vance Information Of such a project
would naturally be sellers when the
news became public property and
bought in outside buyers. A good pro-
portion of to-day's outside buyers thus
invited operated by Cabled orders from
London. Americans shared in the gem
eral strength In that market on account
Of reports Of British military success
against the Beers. London buying was
also attracted by the publication of the
currency reform measure to be pushed
by the dominant party at the coming
session of Congress. This buying for
London account was the mainstay Of
the market and the spotty strength dis
played here and there by individual
stocks, many Of them very obscure,
kept the market firm in face Of the I'M
easiness over the money outlook. To-
morrow's holiday also prompted some
closing up Of short accounts, While
London's buying was the main sustain
ing factor, the further hardening on the
London money rate and fears of an ad-
vance In the Bank of England rate to-
morrow discouraged operations for the
long account. The demand for money
kept the rate at Z per cent and above
unit had this mostly satisfied when 1t
fell below per cent in the late deal-
Ings and the stock market hardened In
response. The -tfeasury's disburse-
ments on account of bond redemptlQns
were considerably below 100000 and
the treasury statement from Washing
ton showed the days revenue receipts
nearly $4,000 In excess Of expendi-
lures. AS this is the last day for which
the treasury departments offer to re-
deem bonds holds good. the total dis
bursements for redemptlons are but lit
tie over half the amount Of the total
offered. The feeling is general in Wall
street. however. that the period Of the
offer will be extended and u safety
valve against pressure OF money rates
thus supplied. A further decline in
New York exchange at Chicago to 80
cents discount against 20 cents yester-
day and a downward movement in New
York exchange at other domestl' CEN
tiers were against the supposltion that
New York is gaining this week on the
interior currency movement, as was the
case last week, Fractional net gains
are the rule in stocks and they rise TO
point or over in only few exception
al cases.
The bond market was quiet and
prices showed some Improvement as the
day progressed. Total sales par value
sl,sS5 900,
United States IS advanced Is per cent
in the bid Price.