The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-10-14
FINANCE AND TRADE.
Tho Features orthe Money and Stock
Markets.

Markets.
NEW YORK, oct. 1S.-Money on call
slightly easier at 4GShi last loan. ~
per cent.
Prime mercantile paper, 5hGs per
cent.
sterling exchange easier. with actual
business In bankers bills at 81 $3.50
S6S for demand, and at 81 s2S94 s2N
for sixty days; posted rates, 81 SSlG and
81 S71s; commercial bills. "a sly,
Silver certificates, 5S@59c.
Bar silver. 5SSSc.
Mexican dollars, 47c.
Government bonds Irregular.
State bonds inactive.
Railroad bonds Irregular.
The temper OF speculation was de-
terminedly bearish to-day, and all IA
vorable incidents were perslstently ig-
nored. The reactlonarv spirit found It's
chief vent by selling Brooklyn Transit.
That stock was easily leader of the mar
ket in point Of activity, and although
the dealings did not approach the high
water mark OF u few weeks ago, the
unsupported condition OF the stock and
the large blocks offered suggested q
resumption Of late conditions. Metro.
polltan Street Railway seemed to show
acute sympathy Manhattan was little
affected and the New York gas stocks
were firm in tone. There were. some
wide movements in stocks not usually
prominent, but the market, as a whole,
at no time awoke from condition OF
lethargy. New York Air Brake made u
characteristic fall Of 0 points, and the
Flower group, as whole, except Rock
Island, was notably weak In sympathy
with Brooklyn Transit Offerings OF
Sugar and Tobacco we're greater than
could be absorbed, and both stocks
showed sharp net declines. The
American Mating stocks were
acutely depressed, the common losing
2ls and preferred z. The industrlals
we're more affected than the railroads
the movement In the latter being con-
fined to narrow limits, except for few
stocks. LaCleda Gas rose Conspicuous
ly points, and Great Northern pre-
ferred over point, The market seemed
rather firm for a time during the
morning but the persistent weakness
OF Brooklyn Transit broke through the
resistance. Call loans We're decidedly
easier again, the maximum rate not
exceeding 5h per cent. and the majority
OF the days loans being made at per
cent. or below. This did not prevent a
slight reaction in sterling exchange
rates in sympathy with the easier tone
OF foreign markets, thus disslpatlng the
fears of immediate gold exports.
Preliminary estimates Of the weeks
movement Of money give prospect Of
! u slightly improved condition in to-
morrows bank statement. The dis
bursement OF cash by the sub-treasury
on account OF government payments
hive almost exactly onset Its receipt on
account OF revenues. But the banks
have deposited ut the sub treasury for
telegraphiC transfer 10 the interior
81, 052, 0O0 So far as, the money move
ment by express Is concerned the banks
are estimated to have lost less than
S1.5O0.0CO The heavy outward move
ment early In the week has been partly
offset by large receipts later in the
week This would Indicate o loss on
the interior movement of about $780,
900 Against this there have been re-
celpts OF $2,S0OOOO OF foreign gold and
| about S750.0OO by caghlng Of drafts Of
the San Francisco mint on the sub
treasury, making n total Of about
81, $50 900. This would indicate a net
gain to the cash reserves OF the banks
OF over 100000. The banks have fur.
Their reduced their lonns, so that there
Is n fair prospect OF a moderate In
crease In the surplus reserves. The first
payment Of anticipated interest on gov"
eminent bonds will be mndeson Mon
day at the sub-tre1sury. but the pros
poets do not Indicate that application
Will be made on large scale. although
this payment "a without rebate.
The bond market was moderately ac-
tive and price changes were mixed.
Total sales. par valuI I.765,000.
United States IS declined X, and new
Is advanced y In the bid price.
= ne