The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1894-01-30
FINANCE AND TRADE.
The Features OF tho Money AMI Stock
H.rF---r't. H.r Markets.. -7NE

The Features OF tho Money AMI Stock
Markets.
New YonK. Jan. 29.-Money on cali easy at
per cent; Inst loan per cent; closed at per cent
Primo mercantile paper 35sa5T percent. Sterling
exchange dull and easier at 81 S3l4ai sG11t. The
total snlcs OF stocks to-day were 10000 shares. 1,
Thc most interesting event ln Wall street wnS
the conference between the secretary OF the
treasury and tho leading New York bankers OH
the proposed bond issue. It cannot DO said.
however. TO have. had any effect upon the share
market inasnuch as the speculative elemeut
have already practically discounted tho business
OF tho loan, aud have not lost confidence In the
ability OF the government 10 font tho bonds or
IN the right OF the secretary OF the treasury 10
issue them. -
Being popular loan and not bankers
loan." no commission being allowed TO anybody
for placing the bonds. some OF the New York
tinanccrs who hoped 10 be called In 10 help out
naturally disappointed. and perhaps would not
regret the growth OF difficulty IN the pathway OF
Secretary Carlisle. The conccnSus OF the best
opinion on the street is however. that tho loau
Is legal and Will be subscribed for moro than
twice over at figures and higher than the min.
imum price, I-s - EaslI s.
At the opening Of the stock exchange prices
were steadily held. Louisville L. Nashville, which
only share which showed any important change
from tho closing prices on Saturday. The spec.
ulat!oh was very tame, and at no time during
tho day was there any activity. London bought
moderately OF the ArbitraEe specintlcs during
tho morning, and was the mainstay OF the mar
ket The Short interest WINS anxious to start
prices on the downward track. but were met by
this foreign buying, which checked their plans
quito considerably. The bear traders received
assistance from special depressing influences
Reports OF new litigation weakened Chicago Gas.
and the local selling was supplemented by Oiders
10 sell iromthe west hteh broke tho stock * per
ha hal
England sold down X per cent and Il was re.
ported that sales were In liquidation on the nool
formed In the hope Of creating voting trust
under the management OF Mr.. Charles Parsons.
ment was developed It was limited that tho 70.
ce!vcr OF the company in this city md his party
were DESTROYS OF accommodating stock ut cheap
figures. Mr.: Plat himself offered the theory
TINT early, tho selling was by persons who Ind
bought the shares In expectation OF the appoint.
lncnt Of receivers other than those named. The
stock advanced = per cent Sugar declined
steadily OH tho liquidation OF traders pool
touching bottom figures lnto In the afternoon
when the decline was ~ per cent, I, ~
In the tinnl sales there was n recovery OF 4 per
cent Tho preferred rcceded \ per cent The
general market was Irregular duFin. the morn.
ing, hnctuattnT frequently between firmness md
depression on snilll yolumco business, After
midday the speculation WIS StcalIed somewhat
and for time firmncsS prevailed until tho drive
made at ChicnSo GNs caused general weakness
the close. tho day ending with a heavlneSs
which was general. Compared with the final
sales OF Saturday, the closing prices were irrccu.
lar, but majority OF the shares traded In show
ndccltnc. Including besides those already men.
toned. Delaware, Lacsnwanna Il Western az:
Evansville aud Terre Hauto and Pittsburgh
Cincinnati. Chicago & St. Louis preferred q Ore.
gon Improvement TX; Manhattan y aud Gen.
cral Electric per cent, the latter being uniayor.
ably affected by a report that Professor Thomp-
son was organizing on opposition company
Those shares which show. the, PRINCIPAL ad.
vHuces nrc: Cotton OIL preferred / X Wheeling
& Lake Erie preferred IL and Lead preferred
per cent e. i as - 4 81 g. -.l5..s i5s7l, a.
The railway and miscellaneous bond market
was strong until late In the afternoon, when an
easier tone prevailed, Il p i.ti4 3. n ~, ri
Government bonds strong. s55
State bonds inactive. Il FIJI afsjt .isTt5 n
x BONDS AND STOCK ouorArioss-cIosED nIp. n
2. s, s reg Nat Cord. pserd,. es
Y. = y coupon.....ll New Jersey Cent.,.lliSA
U,S ~ reg % b Norfolk l. West p'd ol14
Pacific Is OF 'oS:...1o3 Northern PacIac..-. ~,
Atchison do prcferrcd.......
Adams Express Isl Northwestern, l0ST
American Expsess-l!0 do preferred ........l3 p,