The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-10-03

FINANCE AND TRADE.
The Features of the Money and Stock
Markets.

-
!f Markets.
NEW YORK. Oct. money on call
at 2G2h per cent. Prime mercantile
paper 5d51a per cent. Sterling exchange
weak. with actual business in bankers
bills at 81 S5Is for demand and at
| 81 S1KG4 SIN for sixty days; posted
rates 81 S2Ii S2k and 81 SGGi S6H
Commercial bills 81 S0Ed4 81. Silver
certificates G3A 96jc. Bar silver 63Ec.
Mexican dollars soc.
Government bonds steady.
State bonds inactive.
Railroad bonds strong.
The professional movement TO ad-
vance prices. which was the conspicu-
GUS feature OF yesterdays stock market,
was not In evidence to-day. The pro-
motors of the movement desisted from
buying stocks on n .arg: scale and dur
Ing the latter oar. Of The day they re-
Trained altogether from supporting the
market. There WAS no Formidable SELL
ing pressure ut any time during the
day, and the decline ut the last wtA on
very slight dealings, but the market
proved so soft that n the close II Euni-
be- OF prominent stocks showed net
losses of from 10 -, with the tone de-
cidedly heavy. Union Pacific Itself,
which was male the center In yester-
days movement for the advance. Is n
point lower on the !lv on much leg
sened volume CT dealings. The stock
nevertheless retained It's prominent
place In the dealings. The extreme dull
ness OF the whole market Mt the decline
seemed to favor the bull! party. so that
their change OF policy was the more
tr,It nj NJ
upon which they relied yesterday 80
help the advance continued In force for
the most part to-day. Possibly the un-
favorable aspec; of the proposed coal
strike settlement had assumed u rather
more positive phase to-day, and Lacka-
wanna aud New Jersey Central scored
sharp declines, though the number of
shares transferred was SO small ms to
deprive the changes of all significance.
The only Incident OF the day which re-
scmbled aggressive action by the bulls,
was the marking up of railroads con-
trOlled by the Vanderbilts or affiliated
interests. New York Central, the
Cleveland. Columbus. Cincinnati 4.
st. Louis stocks. Canada Southern. the
New York. Chicago & St. Louis stocks.
the Chicago. indianapolis & Louisville
stocks were all up from ] to 4 points
general list. The rate for call money
held ut Yesterdays high rate and per-
haps disappointed some expectation
that the rate was due to passing
causes, including payments due
amounting 20 over $4,000 900 on sub
scrlptIDns to new Baltimore x Ohio
stocks. which was underwritien ut so.
The payment Of government interest ut
the sub-treasury brought some supply
of money to the market. Sterling OK
change also continued Its conspicuous
downward course and the posted rates
were reduced another &c following yes
tcrday's VI cent reduction. The euuan-
Unity Of the foreign money markets in
face Of threatening approach Of ex-
change to the gold import point finds no
adequate explanation. but foreign ban
kcrs adhere 10 the view that gold Will
not come In, In spite OF to-dny's fur
thcr decline In discounts both In Lon
don and Berlin. They argue that the
demand for remittance on account of
subscriptions to the British and Ger
man loan Will steady the exchange rate
this side OF the gold import point. Some
reactionary tendency Is natural In the
Berlin tnorket after the severe strain OF
last weeks stock market settlement,
which IN reflected In some Convulsivc
changes In the various items OF the i'm
perial Bank OF Germany statement.
There has been for the week n loss or
cash In hand by this Institution OF
sc. 10000 and mn expansion OF loans OF
81, ?iS. 900. while the note issue OF the
bnnk has. been Increased no less than
Isl, SCI. 900, All these Items are highly
significant Of the enormous demands
made upon the resources OF the Berlin
money market and the proportions or
the crisis through which II has passed
during the last week.
There were come marked advances In