The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-02-22
FINANCE AND TRADE.
The Features of tho Money and Stock
Mnrkets.

Markets.
NEW YoRK, Feb 2l.-Moncy on call firm
at % to per cent, last loan 21s per cent;
closed offered at "a per cent. Prime mCrcan
tile paper jaG%' per cent Sterling exchange
quiet but steady atsI Seal SEA The total sales
of stocks to-day were 10000 shares OF which
Reading contributed $50, 600 shares.
Trading at the stock exchange returned TO
something like It's normal condition to-day aud
the dealings were reduced TOT little over one
third of what they were yesterday FiuCtun.
tons, though still large among the COnl stocks
and industrialS, were scarcely OF the usual line:
The fact OF the matter Is that the placing OF
Reading In the hands OF receivers practically
takes IT, for at least some time to come, out of
the speculative arena md the forced liquida.
ton being complete, the street Is no longer
afraid Of any sharp movement which would dis
turb values IN the general test. As for Reading
Itself, the opinion seems to DO that the receiver
ship was Il sharp move to head oil the enemies
OF the management In their attacks and has been
so fnr completely successful. While the status
OF the coal trnde In general Is believed to be
rather IN danger, ana this feeling was reflected
In substantial declines In tho other cOalers. my
serious change IN the trade Is not expected.
With the subsistence Of the excitement the condl,
ton Of the exchange market and the future OF
the money market Ut this centre attracted more
attention. The per cent market for money pro.
dctOd SEINE time NgO seems to have arrived. OIL
though there were plenty Of loans made both
yesterday hnu To-Day NJ low rates
Tho hardening tendency OF money nets TO
deptcSs the exchange, and though the offerings
of commercial bills arc still small, bankers bills
issued against the late old shipments, have sup.
piled the market to such al extent that rates
CRsCd of materially today and II IL felt that no
moro gold will go this week, Trading IN stocks
| was to-day largely professional aud coverings OF
shorts comprised the bulk of the buying
| There was u mild recurrence OF the excitement
| IN Reading, but stood only for iow minutes,
| and II soon became possible 10 execute an order
| to buy or sell 100 shares, which has not been
| done for the last three days Tho large trading
| Iu the stock was all done IN the first fifteen
minutes aud during TINT time Its lowest price
| was reached, which was only "a per cent below
| It's first price, which was per cent better tnln
| It's last nights closing price, \ healthy demand
| was developed below 10, and after tho first tic.
cline and really tncvCr got far from that point
mud declined to 29Ja, loss OF " pGr cent for the
| day. New England rose, then followed tho
course OF Reading, mud 1t was only 4 per cent
| lower at the end Of the day. Tho other coal
stoCEs, however, were affected apparently by the
| belief that the disruption Of the Reading sys
ten means lower prices fol coal, though the dc.
ninl OF THIS by the president Of the lnCknWiulln
| should have had some weight, lnc.uwnunN,
| however,, retired from 40 tO,ilja Jersey Central
| from l5l to llOl aud Delaware x Hudson from
| lBOlg 10 l2S. Al except the first named prnrlr,
ally recovered tie declines hut tho loss OF ~
| per cent In Lngknwanla was the most Important
| decline for tho day The bears made drive NJ
| tho iuduslrlals, especially sugar anil Chicago
| uNy aud although tho former mndc feeble to.
| COvpry Ii closed pGr cent lOWOrHt l2pa The
| temper VI the general list was unusually firm
and many hnol advances were rcCordodi North.
| Crn lOCillr rising l nrd Manhattan Il llko
| nmOunt Increased strength and animation IN
| the Richmond 4 West Point sioc, was d feature
| In The late dealings, though nothing was made
| public tu nCcuunt for the Improvement After
| The rally 81 the afternoon was completed prices
| were held firm until the close, which was inltly
active NJ Irregular changes for the day,
Government bonds dun nnl steady State
| bonds dull mud steady