The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-09-13
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

The Features of the Money and Stock
Markets.
NEW YORK, Sept. 12.-Money on call
nrmer at 1902 per cent; last loan ~
per cent. Prime mercantile paper 40
5H per cent. Sterling exchange easier
with actual business in bankers bills At
81 S6a94 SG% for demand and at 81 Sa%s
"a SSls for 60 days; posted rates 81 Si3
4 S. and 81 S7i:G4 ssh; commercial bills
81 S2&@4 S3k. Silver certificates 62B@
G2,sc: bar silver G2Sc: Mexican dollars
4sAc.
Government bonds Irregular
State bonds inactive.
Railroad bonds Irregular.
Very little can be said OF such n
market as that Of to-day beyond the
chronicle OF the movements OF individ-
ual stocks. Dealings fell nearer the
point OF stagnntion than even the re-
cord Of the recent dizziness has yet
shown. The few stocks that showed any
appreciablc movement were not in
ilucnccd by any general condition Of
business Or affairs and 1t was difficult
In some cases to discover even special
cause to account for the movement
Dealings represented little else than
amusement of professional operators.
Telegraph communication was much
interrupted by the storms In the west
and this was proffered as nm explana-
ton OF the extraordinary dullness. hut
rs orders received by telegraph and ex-
ecutcd In the market have not yet been
pcrceptlblc influence for only months
past, the explanation was not convinc-
inS. The most mercurial spccialtles,
namely Peoples Gas. Sugar and Brook
lyn Transit, maintained their poor pre-
cminence In the market. But the
range OF their fluctuations was extend
ed TO reach n point only with n palpnble
effort. Before the market closed prices
OF the three had been dragged back to
very near last nights level. In the raft
road list there WINS some demand for
Northern Pacific at an extreme ad-
vance OF point, apparently on the
large Increase In earnings reported
yesterday for the first week In Septem-
Der. This seemed to sustain other rail-
road stocks, even st. Paul recovering
sharply, In spite Of the heavy decline In
It's first week In September earnings.
The baltimore & Ohio statement for
August depressed that stock, owing TO
the large Increase In the outlay for OPP
Grating expenses. which served to pull
down the net earnings. The anthracite
conlers were heavy ms the period ap-
proaches for the declaration OF the MI
ncrs' final decision on the stock. Read
ing first preferred was off point nj
one time and New Jersey Central two.
The lmminencc OF n strike probably had
n wider influence than the special weak
ness tn the coHicrs wottid Indicate. The
recent large output of coal Ia supposed
to leave the companies In n position to
stand n curtailmrnt Of production very
well. but the cessation OF mining with
anything like unanimIty In the anthra-
cite field Is bound TO have far-rcnching
consequences IN many branches OF
business London bought stocks here
again to-day and helped the opening
rise, the LONDON market being encour-
aged by belief In the Boer collapse and
seemingly by the hope TINT n renewal
OF the South African gold supply VIII
soon help to relieve the London money
market. Sterling exchange In Ncw
York reacted again. and yesterdays
demand which was partly due to rcmlt-
tanccs on account OF American sub
Bcriptions to the British war loan,