Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-09-29
Mexican dollars 47Ac.

U. S. old As registered
u. S. old As coupons.
L. s. IS
Government bonds weak
State bonds Inactive.
Railroad bonds irregular.
Stocks-The market for securities for
to-day was a small and tame affair
by contrast with the violent fuctua-
tons of the earlier period of the money
stringency. The rate for call money
vibrated between l. and IA per cent.
during the period of active demand,
but after that was satisfied, fell by
quick stages to 3 per cent. The needs
of borrowers over the three ensuing
terday in anticipation of pressure for
accommodation to-day and consequent
ly to-day's higher rate did not reach
within 6 per cent of yesterdays. The
bank statement was unfavorable be-
+, yond all expected anticipation. Al
though the outgo to the sub-treasury
was reduced to S1,196, 900, four days OF
business, the losses of cash to the in
terror brought the total reduction in
the reserve up to S4,545, 900. In spite
of a net reduction in loans of $7,752,-
700, the meagre surplus reserve was
still further reduced 81, 239, $50. 1t is
obvious that loans made in the last
few days on the stock exchange do not
figure largely in this showing and the
accommodations were probably secur-
ed from dealers in money who had sup
piled themselves with time loans some
time ago, and who put their supplies
out again at the profitable ruling rates
in place of the loans called by the
banks to meet the demand for the
October settlement. The showing of the
bank statement and the continued
t~ightness of money were offset by the
additional engagements of gold for i'm
port and the drop in the rates for
sterling exchange to very near the
regular import point. The sentiment
on the stock exchange was that further
relief to the money market from this
source is now available and that a
regular movement of gold is now fair
~ ~inaugurated.
No pressure of liquidation was mani
fest and present holders of stock evid-
emily feel themselves strong enough TO
await a more favorable turn Of affairs.
The confidence in further gold imports
was emphasized by the failure Of the
Bank of England to advance it's official
discount rate, Notwithstanding the fact
that the principal demand for money in
London is now thrown upon the Cen
trail institution by reason of the higher
prevailing private rate of discount. A
fall in sterling exchange at Berlin in
response to the firmer discounts there,
suggested additional pressure on Lon
don for gold from that source also.
With gold moving at New York, some
measure Of protection by the bank at
an early day may be accepted. as a GER
tainty. The interior money market in
this country gave no evidence of a re-
taxation of the pressure in the pressure
upon New York for funds, New York
exchange at interior points tending
rather downwards. Some relief is an
ticipated next week from dividend and
interest disbursements and from the
money to be left in the city by visitors
to the Dewey celebration. Except for
a recovery of 3h in Tennessee Coal,
gains of IA and 2 in the st. Louis
Southwestern stock and wide move
ments in a few usually inactive stocks,
to-day's market was without notable in
cident. The total dealings fell to the
level Of the midsummer period of dull
ness.
Dealings in bonds We're on a small
scale and prices changes were mixed.
Total sales, par value, $1.325,0
United States new As declined y in
the bid price.
The elimination of two days from the
business week and the prospect of dull
ness next week consequent upon the
yacht races, accentuated the speculative
%stagnation which always follows a
period Of unusual activity in the stock
markets and limited the transactions
of the last four days.
Atehison ....3- .-,..... ............ 2O1k
preIerreu :;... .+............. 624
Baltimore and Ohio ..... 30
Canadian Pacific 9IH
Central Pacific 5S%
Chesapeake and Ohio ......... 25Ie
Ghlcago Great 1885
Chicago, Burlington and Quincy. ...... .12sS4
Chicago and Eastern llinois... "a
Chicago and Northwestern............ 1864
Delaware and Hudson ~.............12 2
Delaware, Lackawanna and Western. .1S7
Dn firefprrad 2e1Z