The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-02-12
FINANCE AND TRADE
Tho Feature. of tho Money and Stock
Markets.

NEW YORK, Feb. l1.-NIoney on cali
steady at 1905 per cent; last loan IN
per cent: closed at 2is93 per cent.
Prime mercantile paper 6hQ7h per
cent. Sterling exchange firm, with nc
tual business In bankers bills at ~ SI&
"a So for demand and 81 S61lG4 S6A for
sixty days. Posted rates 81 TGi 81
and SsJ66D4 S9k. Commercial bills
81 S5ss. Bar silver 67Hsc. Silver certifi-
Gates G7is967%c.t
The stock market to-day was con-
sIdcred to reflect the absence of sup
port from prominent financial houses
whose interests In the new government
loan have been llquIdated. The course
OF values was downward with intervals
OF reaction on covering by shorts,
There was nlso liquidation by profess
sional dealers who are usually dlsin-
cllned to hold stocks over a holiday.
Foreign selling contributed to the de-
preston, although reported expressions
OF opinion from the leading European
financial centres regarding our new
government loan are encouraging. In
local banking circles Il is now begin.
ming to be Gpprchended that the net
gain In gold 20 the treasury us result
OF the new Issue, taking into consider
alton the probable drafts that may be
made upon the sub-treasury 10 pay for
the bonds, will not exceed nbout STo,-
0OO, 900. OF course this is only matter
Of conjecture, but some unfHvorabie
sentimental effect was attached to the
theory to-day. A hFmer market for
sterling exchange at an advance OF I'd
IN rates for actual business served as
q bear text, although the call money
market exhibited fairly easy condi-
ton. The speculation opened irregular
and fairly active, but q sagging ten
dency soon developed on liberal sales
OF the grangers. high priced industrials
and international shares. A rally 90
Cured at about midday under the
leadership Of General Electric and the
governmental shares In which the ilrst
named rose ~; Manhattan ~; Mis-
sour Pacific and Tobacco and other
prominent shares 1G14 per cent. The
purchases OF General Electric were on
n large scale and were for the most part
credited to Boston. The ostensible bull
influence is the reported activity OF the
managcment In extending Its opera
tons, as foFexRmple iH connection Win
the electrical experiments on the
Brooklyn bridge and the reported pro-
posed change OF motive power on the
Manhattan elevated lines. The closing
was fairly active and weak ut the low
level.
Railway bonds were heavy in tone
and prices were shaded, particularly for
the speculative issues. The dealings
aggregated $l,6O5,000.
Trading in governments was unusu-
ally brisk, footing up 100000. The
bulk Of the business was In the new As
coupon. chiefly at seller 20 fat
In state issues $4,000 of Louisiana
consol as We're traded in at a slight
gain.
Tomorrow being the anniversary OF
the birth OF President Lincoln and n
legal holiday In this state. the new ex.
change, sub-treasury and financial In
stitutions generally will be closed.
Government bonds lower.
State bonds dull.
Railroad bonds easier,
The total sales Of stocks to-day were
177,2l1 shares,
Evening Posts London financial
cablegram:
The stock markets were quieter but
firm to-day with further rise in KAT
mrs. Americans have been good. es-
pecially Canada Pacihcs on the divi-
deud, but the closing was dull
The Paris and Berlin markets were
firm