The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-10-27
FINANCE AND TRADE.
Tho Features of the Money and Stock
Markets.


NEW YORK. oct. 26-Money on call
easier at 2G7 per cent; last loan 3 per
cent. Prime mercantile paper s054 per
cent. Sterling exchange easier. with
actual business in bankers bills at
"a S2KG4 81 for demand and at
81 s2H@4 SO for sixty days; posted rates
81 s4@4 s4Jk04 sS94 ssh. Commercial
bills 81 50, Silver certificates 6s659c.
Bar silver size. Mexican dollars 47Hc.
Government bonds easy.
State bonds strong.
Railroad bonds irregular.
The evidences of strength in yester-
days stock market attracted quite q
large buying interest this morning and
the market during the first hour took
the upward course with very active
marked falling of during the rest of
the day and the isolated points of
strength which developed from time to
time proved unavaillng to sustain
prices and the drift was downwards un-
til the close which was very generally
at the low point OF the day and at
level below last night The market
during the first hour was conspicuous
for the great breadth Of the demand,
the number of stocks which moved be-
Ing no less than 1876. The aggregate
number Of shares dealt in was also very
large. Broadly speaking. the market
was a reversal Of that In railroads.
which were generally inclined to act
while the industrial stocks moved up-
wards. The evidences OF profit taking
In the coaIers which were manifest even
in the opening dealings, prompted SELL
ing to realize In the railroad list. The
outside demand for stocks was very
much increased and 1t was this which
was fed by the professional operators
who have been accommodating stocks Mt
the lower level. At the same time the
vigorous strength OF Sugar, Tobacco,
Brooklyn Transit, Rubber and other In
dustrlals and the continued speculation
In the Leather stocks helped to sustain
the list while the realizing was going
on. These stocks all suffered to the
extent Of from one to over four points
In the late downward movement. In
side support was manifest In some OF
the newer industrials which have been
the target recently for bear attack. This
was notably true Of the Mailing and
Glucose stocks, Mating preferred lead
| Ing with rise Of nearly six points. OF
the low priced stocks. Standard Rope
and Irvine was brought forward with
an advance of 25k half OF which was
subsequently lost. The iron and steel
stocks also received favorable attention
especially for steel, but gains in them
were no better held than elsewhere.
There were other individual stocks
which were strong at different times,
including Atchison preferred on its
September statement Of net earnings,
Southern Railway preferred and Ches-
apeake & Ohio. London was a buyer
here, though on a smaller scale than
yesterday and sterling exchange Yield
ed fraction in consequence. Appre-
henslOn Of an unfavOrable showing by
banks on Saturday was an influence in
the growing heaviness OF stocks New
York exchange shows some recovery Mt
a few important interior points, but
continues downward at others, and the
outward movement OF money has not
yet ceased. The banks net loss to the
sub-treasury thus far foots up over
81 100000 for the week. The rate for
call loans dropped suddenly near the
close to 2'rer cent. but only after the
bulk OF the days demand had been met
at 6iA TO { per cent. Lenders OF money
on time hold out for per cent and ex-
act choice collateral. The fact ia that
some Of the large interest operating in
the market have been lenders of mo.
ney and are calling their loans for their
own operations in stocks.
The dealings in bonds disclosed the
same breadth Of demand as those in
stocks, many dormant issues being
brought into the trading Standard
Rope g. Irvine incomes rose an extreme
Sl5 and reacted .. The bond list react
ed in sympathy with stocks in the lat
ter part of the day, making the changes
somewhat mixed. Total sales par value,
S2.l95,OOO. United States new IS regis.
tered and 5s registered declined Il per
cent in the bid price.