The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-11-16
Painin Head, Side and Back.
FINANCE AND TRADE.
The Features Of the Money and Stock
IKE Markets,

The Features Of the Money and Stock
III, Markets.
NEW YORK, Nov. 15.-Money on call
steady at sh@5 per cent: last loan 81
per cent. Prime mercantile paper 1905
per cent. Sterling exchange firm, with
actual business In bankers bills at
81 S5h for demand and at 81 S07s for 60
days; posted rates 81 SIZE and 81 S5Ik;
commercial bills 81 SO@4 SOh. Silver
certificates 64965c. Bar silver 63Nc.
Mexican dollars 5oNc. Government
bonds weak. State bonds Inactive.
Railroad bonds strong.
Strength was renewed In the stock
market to-day, but there was nothing
like resumption OF the speculative en-
thusiasm of last week. There were
more stocks that moved strongly up
ward than yesterday and there were
fewer that closed to-day lower than
they left off last night, but there was
nevertheless a continuance of the irrcg-
ular tendency In the market. The
points Of strength. though more numer-
Gus. were still somewhat isolated or dis
associated. and the market did not ut
any time show permeatlng and vigorous
strength. The gains seemed to be due
either to the operations Of speculative
pools working for an advance In special
stocks or to causes affecting the indi-
pirInol CT lc EIantrtp l,,p1
Gated its gain of yesterday, with an
other 6 point rise, carrying It to 1904 on
the large earnings reported. Yester-
days strength in the coalers, became
largely localized In New Jersey Central.
which was up at one time Al points on
reports of coming Increase In dividends.
The movement of broadcast scope for the
day was In the winter wheat CHANGERS,
which advanced between and points
all around on the good weather for the
crop in that territory. THE movement
in Great Northern preferred and In
Union Pacific was attributed to the re-
ports Of working agreement looking to
extension OF traffic into each others ter
ritory. Northern Pacific. after rather
slight advance, fell back to about last
nights level. Consolidated Gas, CONT
rental Tobacco. Peoples Gas, Tennessee
Coal, Brooklyn Transit and Some other
specialties were strong in the same way.
London bought n small number Of
stocks on balance. The professional
pressure against the market was relax
ed and there was no further signs Of
urgent liquidation. although profit talk
Ing was in evidence at some points all
day. Money was appreclab!y easier and
4 favorable bank statement on Satur-
day Is beginning to be discounted. The
sub-treasury operations have contrib
uted about s2.5O0000 to the market, by
reason OF the failing off in Internal reve-
nue. collections and large disbursements
for pensions. There have been light
currency shipments to New Orleans, but
Chicago exchange rose to par to-day.
Reports from interior money markets
are Of easy conditions, due to process
Of unloosen!ng after the election similar
to that which occurred In the New York
market. Arrivals of over 100000 In
Australian gold are expected In San
Francisco in n few days, which can be
made available by telegraphlc transfers
through the sub-treasures to the cash
reserves Of New York banks. There Is
feeling that the large war loans i'm
pending In England and Germany Will
probably not be offered until early next
year. The statement OF the foreign
trade for October give increased conf
dence in the country's financial re-
sources. The total exports rs well as
the excess Of exports over imports are
far greater than those for any previous
month In the country's history, the ca
cess of exports showing the astounding
total of s92,475.226. The phenomenal
cotton exports are largely responsible
for this showing. but after allowing for
this the gratifying fact is shown TINT
the value of manufactured products OK
ported shows an increase over October
of last year Of nearly I9.OOO.010. The
ability of the country to supply all re-
quIsite credits In view of this extrnordi-
nary trade showing cannot be cause for
any serious apprehension.
The bond market was OF the same
character as the stock market, showing
strength. but not at the high level Of
last weeks activity. Total sales par
value S2,76O,000.
United States refundlng 2s and the Is
coupon declined X per cent and do reg
lstered and the old As, Y per cent on the
last call.
q. S. Bonds.
U: s. Refunding ~. 8, new IS cou.l37