The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-12-15
FINANCE N TRADE
The Feature, OF the Money and stock
Marktts

wan .
NEW YORK. Dec. ii.-Moncy on call
easy NJ li9T" per cent; last loan ~ per
cent; closed ut li2n@ per cent. Prime
mercantile paper iMj per cent. Sterling
exchange iirmer with actual business In
bankers bills at 81 S67iG4 81 for demand.
and 81 $50, "a st for sixty days: posted
rates 81 S4ia and 81 STiENi S.. CONNER
CIal bills 81 S@i.. Bar silver G5NC; silver
certificates 653s G6jIC.
The stock market to-day was domI-
mated by the uncaSiness growing out OF
the latest sensational phase in the Gu
ban situation and resulting revived cor
GrcssiOnal agitation. Business was
larger than usual recently. and the trend
OF prices was toward A lower level. The
railroad stocks were more active than
h inluStrlalS, but the features In point
OF extreme fluctuations We're sp"CilltieS.
In this group liquidation was clearly cv-
ident and some material losses were
scored. The declining tendency OF the
market WIS TO a slight cSt1nt accelerate
ed by 4 ilrmcr tendency In foreign cX-
change, and by falling off In east-bound
shipments. Stop orders were reached
In 4 variety OF shares. causing a further
unsettlinE OF values. but In the regular
railway list there was not any notable
pressur" Of long stock.
Specific considerations affected Read
Ing, which was depressed by tn. threat
encd legal complications and the unCa-
vOrahle condition OF the anthracite coal
trade. The railway bond market, which
hitherto recently has been superior 20
the considerations affecting stocks. to-
day displayed 4 SaEginE tendency,
which was most prominent in the spec
tt1ustts, Igstt.s IA Nj 4ll1 - ia Al i Ia, {. buArl-
ed the bulk OF tn. business. Some steadl-
ness was Impaired TO the general mar
kct at intervals. but the Improvement
was due 20 covering and was not MAIN
tanned. The more important declines
were: BurllEg:On. 2I: Leather prefer
red and General Electric, .: Chicago
Gas and Kansas Il Texas preferred. Is,
and Manhattan. ia pr cent. The pub
l!catiOn OF the plan OF the reorganization
OF the Union Pacific railroad in the In
teres;s OF the holders OF the collateral
trust notes and the announcement OF
opposition 10 the plan by ;he trustees
under the lnI.nturc OF September 1.
1891. were equally unreilectcd in the
price of the securities OF the company.
Previously the collateral trust prices
had been one Of the strongest features OF
the bond market. The closing was about
the loves; OF the day. showing net de-
GIn"s OF llt3h: per cent.
The bond market displayed acute
weakness.
Governments DEVELOPED considerable
tlrmneSS.
The tOt4l sales OF stocks to-day were
IS, 80 shares.
State bonds dull.
Railroad bonds weak.
Evening Posts London financial ca
bl"Eram:
The stock markets were idle and dull
today. except FOR kAI.rs, which were
stimulated Uy a rIS,. in the chartered
company on option buying.
Americans saEEci all day because OF
the absence Of business and the lower
New York prices. The close WIS at the
lowest. COnsOlS wtr" tilt on the CONT
mental demand for gold.
There Is much interest concerning tho
reported leasing OF certain Brazillan
state railways to a financial syndicate.
The Brazilian government Is understood
greatly to need funds at present. The
proposed syndicate il In Germany. and
if successful, 1t will mean mnay millions
to be provided by Germans. 1t Is be-
licved, however. that a counter syndicate
may he formed here.
The Paris market was firm.
The Berlin market was firm but very
quiet.
business Is checked here Though the
delay Of the government in publishing
details of the new hOursc regulations TO
be enforced In January. Money Is also
very dear there. cO1tlnGOcs at the SET
Element being as high as Gls.