The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-12-25
pINANop AND TRApE.
The Feature. OF the SIoasy anu stock
lInrkeIs,

paper nomlnally 4l5G5h par cent, ster-
ling exchange strong, with actual bus
mess In bankers bills at 81 S0KG4 9Oh
for demand, and 81 SsGi ssIs for sixty
| days; posted rates 81 SSi5Gi SDia nnd
81 909I 81 commercial bills 81 SI, Bar
silver 6glsc; silver certificates GOAW
6T&c.
To-dny's stock market foil somewhat
below the total OF yesterday but Dust
ness WIS well distributed and the tone
was buoynnt London was much less
| OF factor than on Monday, but there
was comparatively Hight selling for
that account. Important buying Tor
London IL not looked for In the immedi-
ate future, Us the short intercst Mt that
centre has been practically eliminated
and investors are deferred from THIS
market by misgivlnEs ms to our cITIen-
cy outlook The features OF to-dny's
local trading We're the purchases by
large house with Washington connee-
lions, due 10 expectation OF an lmpend-
ing Issue OF government bonds on u
basis satisfactory TO the treasury de-
pnTtment and the gratifying results OF
the timely action OF the clearing house
committee in preventing distressing
rates for money. Although some call
OF the business was done at Q per cent,
and transactions were made on rood
mixed stock exchange collateral nj
per cent. The market proved superior
to a sharp rise in the sterling exchange
market, partly owing Ia the great DIS
parity between the amount of the actu-
al engagements OF gold for shipment to-
morrow and the previous extraordinary
estimates. II was attempted to be OK
plAined that the exports would nave
been much larger, but for the difficulty
experienced by would-be shippers or
the yellow metal In legal tenders. This
condition prevailed to very moderate
extent. As a matter OF fact, foreign
bankers are dIslnclined to sell exchange
TO u large amount where the gold Is
required to be shipped three or four
days ahead, because In the event OF
clearing house loan certificates being
used the banks where they deposit
their checks would receive for their
credit loan certificates instead OF legal
tender notes. The loan certificates
could not be- paid over to the foreign
bankers and the banks would not be
willing TO pay In legal tenders out OF
their own stock. as their reserve would
soon be exhausted. The market open
cd fairly active and firm, ana soon be-
scored, extending, In some instances TO
3 per cent About II O'Clock reactions
occurred on the sharp advances In aGtu-
al and posted rates OF exchange. The
losses were soon recovered heavy pur-
chases by the shorts turning the scale
The upward tendency was thereafter
maintained as n rule. the highest hE'
urcs OF the day being reached between
/ and 2 O'Clock. The appropriations az
the extreme point as compared with
last nights closing prices are; 81. faul
& Omaha preferred and wheeling q
Lake Erie preferred. AZ: Tobacco. ROCK
Island and Consolidated Gas, AZ; Della
ware & Hudson, 4; Sugar SIs; Bay
state Gas, 3&: Chicago Gas and Iowa
Central preferred, 3M. Denver n RIO
Grande. 3s. st. Paul md Cleveland,
Columbus Cincinnati e. St Louis. 8k'
Hooking Valley. SM Canada Southern,
Lake Erie a. Western pref, Louisville q
Nashville and Lead preferred. "a
Northwestern. 2S: Burlington, MiAsou-
ri Pacific. Southern preferred ana Ten
nessee Coal, 2Is. and Kansas y Texas
preferred and New Jersey Central. ~
per cent
The best figures OF to-day record
gains from the extreme panic prices OF
Consolidated Gas 10; Lead preferred "
Pullman II: Rubber preferred and Rock
Island 10: Cleveland. Columbus, Cincln-
natl G st. Louis o.; Alton and Terre
Haute, Chicago Gas, Delaware & HUI
son, Tobacco and Wheeling LIKE
Erie preferred 3; Lake Shore 4 Western
preferred So; New Jersey Central ~;
Lead and Manhattan s; Sugar and DIS.
filling as; Canada Southern IN: 81.
Paul and burlington ~; Kansas 4
| Texas preferred and Louisville q NaEh-
| vile ~ per cent. Around delivery hour
there was a disposition on the part OF
the traders to take profits on the al
vance and n sharp slump resulted IN
which the Grangerg. Manhattan, Chi
cago Gas. Tobacco and Cleveland COL
umbus, Cincinnati St Louis were
most conspicuous. The pressure was
soon overcome and the upward ten
dency was resumed. the market closing
stronger.
The appearance OF heavy purchasing
orders for Investment caused sharp
advance In the railway aud miseellane'
Gus bond market throughout the Jay.
| The transactions footed up S2.3I6,OOO
The more Important net gains are:
| Pittsburgh & Western ilrsts AZ; Rock
| Island extension flvCs and Chesa pcakc
| q Ohio AIS, 6il per cent; Northwestern
| debenture bs Of 1921. 81 oregon Short
| Line consol o., Trust receipts ~: do Gs.
| ~; do Trust receipts ~; Kansas x
Texas firSts "a; do seconds Readings Is,
| III; do Trust receipts and first incomes
~: Mobile & Ohio ". " southern hs
| and Achison adjustment ", ~; DO w.
| Trust receipts. Rio Grande and Western
/ ilrsts, and wabash seconds. II, per cent
Government bonds broke sharply on
the anticipated new issue OF bonds. The
new Is receded lih and the old Is Ia per
cent
| State bonds were made on purchases
| of S2b, 600. mainly Virginia Centuries.
| Evening Posts financial cables!
LONDON-'ThCrc was further
marked Improvement In American
shares here to-day, on tclcgrams re-
ported cnlmer and more friendly utter
nnces from President Cleveland, The
recovery was due TO bear re-purchpses
and few speculative orders. The CLOS
ing was nearly ut the best.
j understand that fnanclers IN Ger
many were sounded yesterday as TO the
terms OF American coin and bond loans
The dearncsE Of money there to say
nothing else, IL nguinGt t. All the mat
ketp here closed better In sympathy
with the recovery In Americans and for
eigncrR.
PARASITIC bourse has been fat to.
day, but there was Il Btrong rally mud
the close was distinctly firm. Fresh
support In said to have been given 10y
RothschIld to the market This IL not
confirmed.
uERIINyThc market here was dull
to-day. The ConEtnntlnuplc market
was int md the selling Of mines was
largely from there.
al, AS shares.
Government bonds were weak and
lower, with new IN down ~ and old ~