The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-09-28
FINANCE AND TRADE.
The Features OF the Money and srocE
Markets.

The Features OF the Money and Stock
Markets.
NEW YORK, Sept. 27.-Money on call
easier at 3a2O per cent; last loan G per
cent. Prime mercantile paper 5hd6
per cent. Sterling exchange easier,with
actual business in bankers bills at
81 s5a4 ssh for demand and at "a $40
4 SIN for sixty days; posted rates "a So
and 81 s6ls. Commercial bills 81 5000
4 81. silver certificates 59h6eOc. Bar
silver 5sIsc. Mexican dollars i7l4c.
Government bonds weak.
State bonds steady.
Railroad bonds steady.
The stock market fell degree further
towards stagnntion to-day and the ac-
tivlty, such as 1t was, showed an added
tendency TO center In few speculative
speclalties. Tennessee Coal was reln-
lively much more prominent than for
some time and registered an extreme
decline OF ca points. American Tobnc-
co showed the continued effects OF the
pressure to which 1t has recently been
subjected w to the time of the an
nounrement Of the declaration Of the
regular dividends The weakness In
these two stocks served TO hold back
the market which showed a tendency to
advance from an early period In the
day. Better adVlces from abroad made
the openIng higher and the announce
ment of an additional engagement OF
ST5O.OO0 In gold in London for import
added to the conviction that the eX-
change situation admitted OF regular
Import operations. The continued high
price for money In spite Of the gold
announcement served as setback to
the advance as was the case yesterday.
But late In the day rumors were indus
trlously circulated of the early APP
proach OF gold Imports on large scale.
At the same time the money rate was
quickly offered down by successive
stngCs to per cent, but before ?
O'clock cnll loans had been made Mt all
the way from 1919 TO 20 per cent. II was
said that money could be had on n
lower rate some high grade railroad
stocks, but the higher range was that
quoted on the stock exchange. Then
higher grade stock collateral rate re-
dulred was wldened materially. Under
cover OF this requirement and of what
WINS called commissions there was room
for considerable manipulation OF the
1uoted rate. Very little Is doing In
mercantile paper. but rates are firm.
Predictions OF favorable bank state
ment tomorrow upon which date the
clearing house institutions nre to make
their weekly return were factor In the
iirmness OF the market The Outgo to
tho sub-trcnsury will be something less
than half million dollars. Shipments
to the Interior have continued on II
considerable scale. How far they hive
been offset by small sums here and
there. attracted by the high money rate
cannot be clearly estimated, So far ms
stock market operations go, there has
evidently been further contraction OF
loans. The character OF the statement
will largely depend on how far the de-
mand for accommodation In prepara
lions for October first settlement has
Offset this contraction The movement
Of prices in tho rniirond list wnR very
narrow. AtchisOn preferred enjoyed u
bclntcd demand on account Of It's Aug
ust statement and Southern Pucliic rose
quite strongly late In tho day. The
Btringcncy OF the money market re-