The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-09-18
FINANcE3A and TRADE.

have II. THE PEDAGOGUE.
FINANCE AND TRADE.
The Features Of the Money and Stock
il; Markets.
NEW YORK. Sept. 17.-Aloney on call
steady at II per cent, Prime mercantile
paper 1864 per cent. Sterling exchange
| firm, with actual business in bankers
bills at 81 s6&04 s6A for demand and
at "a, sss. for sixty days; posted rates
81 SAGA s4As and 81 STAGE So. CONNER
cinl bills 81 s2I94 sex. Silver certih-
Gates 62A as3ae. Bar silver 62ssc.. Mex
lean dollars 4aEc. 50
Government tonds strong.
State bonds inactive. i4 rs
Railroad bonds irregular.
The expected break In prices OF stocks
failed to occur to-day. There were
very considerable selling orders In the
market at the opening as never, fails to
happen after such q break in prices as
that OF, Saturday, but the friends Of the
various stocks had placed supporting
orders in. the market and their buying
was sufficient to absorb the offerings.
The professional traders. who had sold
short on Saturday. were not slow to de-
tect the evidences OF support, and they
hnstened to cover and take their profits.
Buying from this source was a mater
ial factor in. the recovery. Seeing the
tendency of things. the bull leaders
who had to retreat last week. attempt
cd to retrieve. their lost ground by bid
ding up prices. The pressure to sell at
the advance stopped this movement,
however. and the market fell back Into
its recent condition Of letharsy and
downward drifting. Prices in prac-
tlcally all Important stocks were very
near the Saturdays level al the close,
which was dull and easy. Among the
professional traders, who still control a
large proportion OF the operations. an
important influence was exerted by the
bullish opinions expressed by James R.
Keene in an interview In London. Mr..
Keene's Views were, the more inAuen-
tial inasmuch as Saturdays gossip on
the stock exchange here attributed a
selling order OF 5000 shares OF various
stocks to his account. The smaller
traders who followed this lead had
nothing to do but cover their short con-
tracts this morning. The relative firm
ness of the coal carrying railroad stocks
even before the general upturn and the
positive strength developed later serv-
ed to detract somewhat from the effect
Of the shutting down OF the coal mines
Uneaslness was less acute over, the mo-
ney market land more account was ta-
ken Of the fact that last weeks out
ward movement Of currency was alb
normal. by reason Of the large relief
funds transferred to Texas. Greater
confidence was felt in the ability OF
the money market to meet the require.
ments OF the German loan subscription
aud more attention is paid to the larger
view Of the operation as an Indication
| " tuc 5ioNihS- power anu importance
Of the country's financial position. The
export movement OF merchandise con-
tinues heavy. thus constantly making
exchange to meet the, obligations incur
red to meet the subscriptions to the
loan. Large floating loans are coming
due In the Berlin market to American
lenders and Will be available IS u
bookkeeping operation TO pay INSTALL
ments on the loan. The fear is express
cd In London that the American sub
scribers may pay the German govern
ment by orders for gold on London. the
supply OF sterling exchange in New
York being large enough. 1t is believee,
to allow such an operation. This pos
sibility was q depressing factor in the
London stock market. as Berlin would
not be expected to be so ienient cred
itor as America has been. owing TO the
high money rate In Berlin. From any
standpoint, the creditor In the opera
toln would exercise large control OF the
| situation.
The bond market continued Irregular.
Total sales. par value, SS3o,00o
United States refundlng IS when is
sued. the.old As and IS advanced u, and
new 4s u per cent In the bid price.