The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-09-14
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

Markets.
NEW YORK, Sept. 13.-Money on call
easier ut 2071s per cent; last loan, 4
per cent. Prime mercantile paper, AZ
as per cent. Sterling exchange weak,
with actual business in bankers bills
at 81 s5%S4 Sc for demand and at 81 S2N
"a SEX for sixty days; posted rates,
81 s8ia94 81 and 81 S794 S7lai CONNER
ciul bills, 81 Sl@4 Sly. Silver certit-
Gates, 5gG59Rc. Bar silver. 5sc. Mex
lean dollars. 47h. Government bonds
steady. State bonds Inactive. Rail-
road bonds strong.
The recuperation OF the money mar
ket by means of the severe liquidation
of the last two days was reflected In
a much improved tone In the stock mar
ket. Prices were little inclined to ad-
vance in the early dealings, in spite
OF the buoyant tone of Americans in
the London market and the vigorous
strength shown by a few specIalties.
Early loans on call were made at 797Ih
per cent, and decline In prices set in
soon after the opening, which carried
the level generally below that OF last
night. The rate for call loans fell to
6 per cent, and after stlffenIng again
spasmodlcally eased of In the latter
part OF the day to per cent. About
midday there came the announcement
that the treasury department had de-
cided to anticipate by about ten days
the October payments of interest on
government bonds. which will amount
in the aggregate to over 100000. The
shorts took alarm at the steady ad-
vance which set in, and rushed to cover,
bidding up prices in the closing dealings
by wide advances to the top level Of
the day. The closing was very active
and buoyant, and shows net gains,
ranging from to points To-day
was the fortnlGhtly settlement on the
London stock exchange, where quite u
large short Interest is said to have ex-
listed In Americans. The decline here
was therefore very opportune, and Lon
don bought to the extent Of about 2j,-
900 shares. Tennessee Coal was strong
from the outset, and after moving in
an erratlc way, closed the day with an
advance Of ca points, American To-
bacco also developed early strength,
and left on over points higher. Brook
Ign Transit was down nearly TO yes
tcrday's low points, and then up again,
and shows fractional net gain. The
new United States milling stocks moved
upward all day. and show net gains Of
over points each and Colorado Fuel
as much. There was active upward
movements In the Leather stocks, the
Mexican railroads and number Of the
iron and steel stocks. The demand
for the railroads generally gained in
volume as the day advanced. and the
upward movement was quite uniform
In the principal active issues, which
have net gains OF from between to 2
points In many instances, Gains above
the average were made by Lacknwanna,
Illinois Central, Cleveland, Cincinnati,
Chicago & St. Louis. Pittsburgh, cleve-
land, Chicago g st. Louis and Chicago
& Great Western b., which ran from 2
to per cent. the latter Laekawanna,
The movement. of money on balance
continued in favor Of the interior to-
day. but debit balance at the clearing
house by the sub trensury relieved the
pressure movement in that quarter SO
far as is known. there was no fresh
supply Of money In the market though
the sharp break In the call loan rate
suggested that some hidden reserve
might have been brought forward. The