The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-11-17
FINANCE. AND TRADE.
The Features Of the Money and Stock
Markets.

NEW YORK. Nov. 16.-Money on call
steady ut S94 per cent; last loan az
per cent. Prime mercantile paper 4h@
per cent. Sterling exchange steady,
with actual business In bankers bills ut
81 S4ss for demand and at 81 sos for 90
days; posted rates 81 S7h and 81 sS,s.
Commercial bills 81 1904 sOis. Silver
certificates 64G65c. Bar silver SIC. Mex
lean dollars 5oAc. Government bonds
steady. State bonds inactive. Railroad
bonds strong.
Although to-dny's business in stocks
did not recover to the full measure Of
last weeks in point OF volume, the tone
of trading and the showing of strength
were the most imposing and substantial
that have been made since thu election.
The feverlsh and sensational movement
In isolated stocks and the, indiscrminate
rush TO buy in n lump were not shown
to-day. Instead there was q Steady and
persistent absorption OF. stocks of the
best character with legitimate spscula-
tive prospects OF Increased earning
power or with increased security by
reason Of added earnings for Junior Sc
curities. In the early dealings the spec
ulation showed n disposition to look for
leadership. and powerful leaders were
at hand to inaugurate inviting advances
In prominent stocks In almost every dis
t!nctlve group on the exchange. The
absence Of realizing pressure as the ad-
vanccs were easily made encouraged the
growth OF the demand and strength was
disseminated. all through theslIst- The
eastern trunk lines and the coalers were
rather conspicuous exceptions and were
not largely traded In nor widely moved,
but there was no positive weakness
manifested even there. There was no
important exception to the upward
course OF prices, and among the stocks
of railroads all through the south and
west. including the trans-Continental
lines the strength was astnnishingly
uniform. There was scarcely railroad
stock trnded in within those limits that
did not gain al leaut q point. Not n
few rose 2 points or over. while Bur-
lington and Atchison preferred gained
respectively Sss and az per cent Two
soft coal roads also made a sood show
of strength. The preferred stocks OF
reorganlzed railroads were evidently tho
favorites in tho speculation from the
way one after the other was brought
forward Into the trading. Those, with
prospect of Increased dividends and
those ALREADY rcserving their full divi-
dend reports seemed to be In equal
favor. The iron and steel stocks were
notably strong and in Colorado Fuel
tho gain was Az per cent, In Tennessee
Coal OK and In Hoop preferred 81 per
cent. Others of the group guinrd 2
points or upwards. The local traction
stocks and the high priced inJustrlals
were strong. but were not conspicuous.
General Electric got up another 81
points, Consolidated Gas rs much,
Brooklyn Union Gas Az per cent, while
New York Air Brake made one of It's
characteristic sky rocket flights OF 25
points, rclapslng half that amount. The
growing strength OF tho market was
evidently due to the determined buying
of tho class which held aloot from the
excited trading after the election. con-
fidcnt that u reaction must come which
would leave the market healthier. even
though ut higher prices. a number OF
favorable circumstances also convprgcd
In the days news, Advance sheets OF
the trade reviews for tho week express.
cd 80 roseatc view of the outlook for
l,gcnernl trade M TO stImulate ypoculu-