The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-09-11
FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

NEW YORK, Sept. 1O.-Money on
call steady at 1A@1h per cent; last
loan ~ per cent. Prime mercantile pa
per 4d5h per cent Sterling exchange
weak, with actual business In bankers
bills at 81 S6ls94 S6ss for demand and
at 81 S3K@4 Ss9s for sixty days: posted
rates 81 S4Gi S. and 81 S7l2Gi SSls.
Commercial bills "a S2&@4 S3A. Silver
certificates 62EG63lsc Bar silver 62ts &c.
Mexican dollars 49Ac.
Government bonds strong.
State bonds firm.
Railroad bonds Irregular.
The stock market maintained Its
waiting attitude to-day. The indlspo-
sitlon to make any market commit
ments was emphasized by the new un-
certaintles In the outlook particularly
the postponement, but not the abau-
donment OF the anthracite miners
strike and the very meagre news re-
celved up to the time the market closed
OF the extent of the. disaster In the
Texas hurricane. The wild excitement
In the cotton market diverted specula-
tive interest from stocks and caused
some dsquet. both by..rcason Of the
possible misfortunes which might at
tend such .unbrldlcd speculation and the
demands which would be made on the
money market In order TO carry the
speculation. The Texas storm caused
some positive depression in the early
dealings. but support was offered In
the important stocks affected and they
rallied. The Kansas City Southern
stocks were raided sharply and lost .
and ~ per cent. respectively. for the
common and preferred, but II was evil
dent that this was n bear drive. In
duced by the recent liquidation evident
in the stocks and they recovered all but
half Of the loss. The anthracite coal
ers were favorably affected by the
postponement OF the strike and Read
ing first preferred and New Jersey rose
respectively one and two points on
small dealings. Professional operators
are stepped In the conviction that an
active speculation is waiting only on
the decision OF the pending electoral
contest and they covered their short
contracts to-day in the, fear that the
Maine election might awaken the mar
ket into activity ut their expense. The
resulting movement of prices was gen.
orally very small and ragged. The In
dustrial specialtles which have been
under recent pressure. notably Sugar,
Peoples Gas and Brooklyn Transit re-
covered. The only other movements OF
Importance vera In stocks seldom dealt
In. Wisconsin Central preferred drop
ped 33s on few transactions, without
any other explanation than the decline
In earnings. The fall OF 2sss In Internn-
tional Paper was attributed to reports
that rival company IL TO he formed.
The furious speculation In cotton gives
point to the bank statement, and
arouses some renewed uneasincss us to
the ability of the money market to
meet the period OF fall strain upon II.
A further sharp decline In sterling ex-
change due to continued heavy foreign
demand for cotton disposed OF any sun
position that gold might go out TO Eng
land this week. but the sub treasury in
the absence Of the payments on account
OF gold deposited Mt Pacific points and
for refunded bond premiums, is begin
ming to absorb cash on account OF the
revenue surplus. The Interior OK
changes continue to move against New
York and the movement OF currency TO
the Interior has evidently commenced
In force. Wall street wants light on tho
question how far the bank note expan-
sion and the large supplies OF money
In the west Will relieve the usual pres-
sure on New York banks for funds
from the interior.
Tho bond market continued quiet and
Irregular. Total sales par value, $9ib,.
000
United States rcfunding 2s when In.
sued advanced y md now and old As
and the Is 4 per cent In the bid price
u s. Rnndq