The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-09-06
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

The Features Of the Money and Stock
Markets.
NEW YORK. Sept. 5.-Money on call
easy at 1H911: per cent. Prime mer-
camille paper 495h per cent. Sterling
exchange soft. with actual business in
bankers bills at 81 SIS o. STE for de-.
mand and 81 s3is94 81 for sixty days;
posted rates 81 s594 sSH. Commercial
bills 81 SsA@4 s3A. Bar silver s2Sc.
Silver certificates oH@s2Ac. Mexican
dollars 4sSc.
Government bonds strong. -
State bonds Inactive.
Railroad bonds Irregular.
BY contrast with the recent dead leyeI
of apathy to-days trading in stocks
seemed like positive animation. The
aggregate OF dealings was considerably
larger than for some time past. and the
total was not made with an over
whelming preponderance Of trading in
one or two stocks. Sugar. Peoples
Gas and Brooklyn Transit all continued
fairly prominent. but there was mark
ed increase OF interest in railroad stocks
and the number Of shares OF some OF the
Individual railroads dealt in compared
favorabiy with the totals In the ispccu-
lative favoritss among the ,industrlals.
There was peculiar irregularity Of
movement in the specialties. Sugar, as
q rule, moving up while Peoples Gas
was going down and sugar ,reacting as
Peoples Gas recovered. Both stocks
were largely dealt in. both above and
below last nights level. There was
strenuous support in sugar at the
opening and the 1900 shares thrown up
on the market were taken at prices
running from 123 to 1929, compared
with 12oS last night. Friends of the
stock were evidently In doubt how the
| dividend. declaration OF X per cent for
the quarter; would be accepted as the
stock was rushed up yesterday on the
supposition that the dividend would be
eper cent or more. Encouraged by
powerful support, the stock was rushed
up at one time to 123ls, but it turned
heavy during the latter part OF the day
and closed with net loss of rs. Peo-
pies Gas. on the other hand was weak
In the early dealings on continued re-
ports OF extreme measures contempla-
ted in the Chicago Gas war;. The stock
touched 81. but rallied two points and
closed with net gain OF y. There
was early strength in some, OF the iron
and steel stocks. But they sagged away
In the late dealings, seemingly under
the apprehension that to-morrow's
trade review might have something IN
favorable to say. The cause OF. the rise
in the railroad stocks was not very
clear, but there was manifest access
ion OF confidence on the part Of the
bulls. Dealings We're largely profess
sional. but there was buying on q large
scale In a number OF stocks, Individual
transactions running up to 1000 shares
In some cases. st. Paul. Union Pacific,
Chesapeake & Ohio on talk OF divi-
dend, Southern Pacific and Louisville
were notably in demand. This strength
had It's inception in London and that
centre bought quite freely OF various
internationals. Buying by local opera
tors was based In part on the expecta-
tion that the demand from London
would continue. Sentiment at that
centreis clearly much more careful and
uneaslness over the money market
seems to be much abated. The settle
ment OF the threatened English
strike, the belief that the war in South
Africa is nearing its termination and
the Chinese situation all helped
the market and operators. inter-
preted the election in Vermont as tav-
orable to higher prices. St. Paul's nota-
Bile increase in earnings for the fourth
week In August attracted buying here.
and there was q large demand for the
other grangers from western sources,
said to be from the short account and
TO be Induced by the favorable weekly
crop summary OF the weather bureau.
The strength in London was said to be
due In part to the expectation OF re-
celpts OF gold from New York, but this
did not hurt the New York market.
With the surplus reserves OF New York
banks at over s27, 600. with gold be-
Ing constantly received from Australia
and from the Klondlke and with the
demand for money from the interior
continuing unusually light for the sea-
son there is no Immediate apprehen-j
sion over the local money market. Best
prices were not maintained and the
market closed heavy at only fraetlon-
al net gain.
Business was better In bonds. but
some ,rregularlty continued. Total
sales par value. $685.. GOO. IS
United States old As and Is coupon,
advanced Y per cent in the bid price.
q. s. Bonds.
Y s ws ssfTa . & new new L
registered ...lo1 U. s. old Is rcs.lli \
do coupon. ".ldaM u s. old 10 cou. Lis
i. s, ss eoapon.ios &. s. Is cSnpon , ..iisS
Stocks.
Atchison ........ Sal Mobile & ohio,.a7
do preferred. M Sio.t7 Kan. a. m, ~
Bal. Il ohi0..... 7.s do preferred.,.,3ltl