The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-10-21
FINANCE AND TRADE.
The Features of the Money and stocl
AIarkets.

INC EGWtuEGS OA NAlG NAVhSJ eAtsNA
Markets.
NEW YORK, oct. so-Money on call
flrmer at SOS per cent; last loan per
cent. Prime mercantile paper 5AG0
per cent. Sterling exchange easlsr,with
actual business In bankers bills ct
81 s7BG4 sfN for demand and at,SisSM
"a s8Is for 60 days; posted rates 81 $40
4 s4la and 81 sS94 SsIs; commercial bills
81 seq. silver certificates 5s959c. Bar
silver size. Mexican dollars 47c. Gov
eminent bonds steady. State bonds
weak. Railroad bonds irregular.
The point OF greatest interest in to-
days stock market was the active
speculation In Pullman, which was
rushed up after yesterdays sharp reac-
ton an extreme az points to 2O7S, a
record price, The motive was the otIi-
clal confirmation of the merger for the
Pullman and Wagner palace car CONF
panies which the stock tape has clearly
foreshadowed for some time past. The
published assertion that the Wander
bits are to get the Pullman holdings Of
Boston & Albany, and Boston & Maine
stock as an incident to the deal. and
that New York Central would thus gain
control of New England railroad af-
rairs, gave the bulls an opportunity for
an active speculation in New York Gem
trai. They lifted the price OF that stock
an extreme 3E per GEN.. The influence
of this movement on the rest Of the list
was marked. the other Vanderbilt
stocks, of course. moving most closely
In sympathy. The bears covered heav-
fly all through the list. The prominent
Industrial speclalties were most affect
ed, especially Sugar and Brooklyn
Transit. the dealings in which were
very large. The hesitation which had
been caused earlier in the day
by marked weakness Of the
Glucose stocks and by sympathy
Of other lndustrlals was overcome by
the strength of Pullman and New York
Central, and prices of the railroads ross
quite generally above last nights level.
The easing of the rate for sterling ex-
change encouraged the rise, bit 1t gave
way to profit taking in the last hour
when the preliminary estimates Of the
movement of money for the week APP
peared and the rate for call money stiff
fened to per cent. The most active
stocks reacted point. and In Pullman
the reaction extended to nearly points
There was some rally before the close
which was firm and At small net gains
for most stocks. The strength OF the
market, however, was not widely dis
tributed and ir fact was almost wholly
confined to the few most active stocks.
The banks hava gained slightly from
the sub-treasury on routine operations
by reason of continued large dIsburse-
ments for government expenditures and
on account of anticipated interest. But
the outgo OF money to the interior has
been heavy. The weeks shipments by
some large banks have been the largest
of the season. The net result is estl-
mated by experts at loss In cash by
the banks of nearly 100000. The cas-
ing of the exchange rate in spite of a
slight hardening In the London rate dis
count was significant. The threatened
outgo of gold to London may be averted
but 1t VIII be because of higher money
rate here. Interior rates for New York
exchange show no cessation Of demand
from those quarters.
The activity in bonds was somewhat
decreased and there was weakness at
some points. Total sales par value
Sl,47O,OOO.
United States bonds unchanged In
bid quotations.