The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-11-27
FINANCE AND TRADE.
The Features of the Money and Stock
eis Markets.

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The Features of the Money and Stock
] Markets.
|, NEW YORK, Nov. 26.--Money on call
steady at 39Sh per cent. Prime mer-
camille paper 1905 per cent. Sterling
exchange firm, with actual business in
bankers bills at 81 S59s@4 S51s for de-
mand ana at 81 Sl1s94 S1Ys for 60 days;
poster rates 81 s2Q4 S2,s and 81 SG9
S6is; commercial bills 81 So'i al SIX.
Silver certificates 6i965c. Bar silver
652sc. Mexican dollars Soc. Govern
ment bonds strong. State bonds strong.
Railroad bonds strong.
The reactionary tendency which
weighed on the stock market during the
latter part of last week was distinctly
overcome to-day ard prices resumed
their upward course. The advance was
by no means uniform. the striking
gains being confined 70 comparatively
Few stocks. In some stocks the resist
ance vas not more than enough to en-
able them only to hold their own. while
small number by positive, weakness,
gave slight irregularity to the mar
ket. The course OF prices was by no
means determined at once. Bear
traders operated on the short side of
the market for a considerable period
after the opening. They based their
position on the argument that holders
of stock were inclined to sell on Satur-
day on the strength resulting from the
bank statement, but 1t was not long be-
fore they discovered small fol-
lowing this morning. There were ru-
mors flying about the board that prom
lnent bear operators OF last week had
been taking up long stock again.
Notable strength In particular stocks,
accompanied by rumors OF changes of
control, helped the market and the
bears were finally driven to cover.
While the strength In the market was
renewed, there was by no means the
large volume of business which has been
the average for over two weeks past
Bear manipulation was evident not
only here, but in foreign markets. A
settlement Is in progress on the London
stock exchange and In Berlin. But ru-
mors of the cars death, OF threaten
Ing complications In China and OF in
ternationai Fiction growing out of the
kruger demonstration In France did
not aid the bears much in forcing lower
prices. london was n large buyer in
TINS market, sales to that account being
estimated At 10000 shares. The South
ern railway stocks were in special
demand. Many rumors were cur
rent of developments IN the
company. including an alleged lease to
the Pennsylvania and n coming increase
OF dividend. no authoritative sanction
could be had for any OF these rumors.
The common and preferred stocks ad-
vanced an extreme points each.
Strength was radiated first 10 the
Southern group and then to the South
western, in which some striking gains
were recorded. Both the preferred
stocks. on which dividends are paid or
are earned. and the low priced common
stocks for which dividend prospects arc
remote at the best were affected nike.
The weekly earnings reported to-day
on some Of these systems showed sharp
decreases from last years corresponding
period, notably In Missouri Pacific and
Denver & Rio Granhc. Nevertheless
these stocks held prominent place In
tho advance. Gains IN the group ran
from Ito NEARLY 3 points. Tho more
northerly granGcrs came into the move
ment, especially Burlington, but did not
show such marked strength. The lead
Ing specialtle8 we're very strong, in
Guiding Sugar and Peoples Gas. The
local fractions showed u guod recovery
and Consolidated Gas was conspicuous
with q rise OF Az per cent. The Steel
stocks were decidedly unsettled, Steel
Il Wire showing acute weakness Mt
times. Reports we're current OF serious
controversies between the great com
binatlons In the trade. fAmalsamntea
Copper gave way on account OF tho
measrc details OF the conditions aud
resources of the company contained in
the statement TO the stock exchange to
secure the admission Of the stock to the
unlisted department, Thu drop in this
stock and disposition to realize made
the tone. OF tho closing unsettled md
prices were below the best, hut tho
gains In tho railroads were well min
tained.s Money continued gasy here
md hardened in London, resulting in
higher ratca for sterling exchange. a
z There was very large buying OF st.