The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-11-23
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

The Features Of the Money and Stock
Markets.
NEW YORK, Nov. 22.-Money on call
arm at COS per cent; last loan G per
ment. Prime mercantile paper 5M@s
per cent. Sterling exchange weak, with
actual business in bankers bills at
"a S5h@5 ssh for demand and at 81 s1h
"a s1% for 60 days; posted rates 81 Ssa
and 81 81; commercial bills 81 S1ls. Sill
yer certificates 5S%@59lac. Bar silver
5Sc. Mexican dollars 47iEc, Govern
ment bonds strong. State bonds mac
tive. Railroad bonds irregular.
The stock market drifted rather aim
lessly to-day under the influence of re-
newed uneaslness over the money cit
uatIon. A moderate demand for Lon
don account lifted prices at the OPEN
ing and during the course OF the day
there we're isolated movements in a
number Of Individual stocks, But the
influence Of these demonstrations Of
strength In spots on the general market
was small and the tone was sluggish
throughout. Dealings were narrow
and wholly professional. The money
rate rose to S per cent during the day
and there was renewal of the dispose
ton to discriminate sharply against the
Industrial stocks as collateral. That
nominal rate OF interest in such cases
was eked out by the requirement Of ex-
ira commission and the margin be-
tween the amounts loaned and the rul-
Ing market valuation of the stocks was
Increased. The offerings OF government
bonds for redemption at the sub-treas-
ury fell to insignificant proportions.
New York exchange was notably weak
at number OF important domestic CEN
tres, falling to 20 cents discount at Chi
cago against par yesterday AMI de-
clining sharply at St. Louis and Gin
clnnat. Persons interested in the
money outlook are keeping one eye on
the foreign markets. The hardening
discounts in London to-day may be sig
nlflcant OF future pressure from that
source though the situation in New
York was sufficiently pressing to cause
decline in sterling rates In spite Of
London movement. The Paris discount
rate held firm at u per cent above the
banks official rate, giving ground for
expectation Of an Advance tomorrow
in the Bank of Frances rate. New
York banks have gained $5,659,OOO on
sub-treasury operations since last
Thursday, and to-dny's clearing house
statement showed a debit bal1nce
against the sub-treasury Of owe 81
Co., 900. There are reflections OF the
government: rond redemptious and give
promise of a good showing in satur-
days bank statement. The proceeds OF
the bond redemption have not afforded
any great relief to the speculative world
and the market is disposed to await fur
ther developments. Small net gains are
the rule on the day and few stocks
have shown notable advances. General
Electric gains S1s per cent, and Cleve-
land, Cincinnati, Chicago q ST. Louis
"a per cent. Baltimore q Ohio rose
over point and the coalcrs showed
some strength. The Chicago. Indiana
polls & Louisville stocks, the Chicago
Terminal stocks, the Rio Grande West
ern stocks, Buffalo. Rochester & Fits
burgh and one or two others show
gains of to Sh per cent Minneapolis
& st. Louis is ga per cent lower and
losses of 4 point are shown by a num-
Der OF other inconsplcuous stocks.
There was realizing in some of the
bonds of the speculative grade but very
good absorption at some other points.
Total sales par value S2.315.OOo.
United States % advanced y per
cent and the IS and old new As u per
cent in the bid price.
The stock exchange will be closed on
Saturday out OF respect to the late
Vice President Hobart,
U. S. Bonds.
u. 8, Is reg. e. =. lOl4.lU, s, old IS reg ,llSH
81 &. "a reg. .i09M u. S. old ls cou. llSIs
u. s. 81 cou. .iOait u. S, IS rrg.."...lll
U. S. new IS reg. lS2Bl U. S. bs cou'''..'lll