The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-01-20
FINANCE AND TRADE
The Features OF the Money and Stock
Mnriiri..

Markets.
NEW YORK. jan. 1S.-Moncy on call
easy at per cent; last loan per cent;
close at > per cent. Prime mercantile
paper Ca9 per cent; sterling exchange
steady. with actual business in bank
ers' bills ut 81 Ssd4 S9H for demand,
and 81 S7sig4 IS for sixty days. Posted
rates 81 SS94 ssh and 81 S9isd4 20. Com
merc!ai bills 81 SS%; bar silver Gi%e;
Mexican dollars 53hc.
The stock market to-day opened ir-
regular, but almost ut the outset a
heavy tone whs apparent, and general
weakness quickly developed. The argu-
ments advanced against prices were the
familiar ones OF uncertainty regarding
the Immediate financial and political
outlook. The bear professionals fully
Improved the misunderstanding prev
nfent until after the close Of business,
regarding the alleged destination OF the
British flying squadron for American
waters. Gloomy forecasts us to the
business outlook for Granger properties
were also circulated. The selling move
ment was well distributed and material
net losses were scored all along the line
extending 20 "a per cent in Baltimore
& Ohio. The Changers declined 10
1% per ceht. the extreme figure being
reached VI Rock island. The hnnt
prices were at about the lowest Of the
day. Speculat ton for the week has
been dominated by sensitlveness on the
part of investors and dealers over the
domestic monetary outlook, and the
unsettling foreign political rumorI
which. at the close OF the week. show
diminished gravity. The modification
OF the terms OF payment for the new
government bonds. following the for
mai announcement of the dissolution
OF the Morgan bond syndicate relieved
to considerable extent the apprehen-
sion OF serious disturbance In the
money market and the impression OF
Mr.. Morgan that the loan would take
care OF Itself Is shared by great many
people. Nevertheless. o sentiment OF
disbursement has been resisted In a
strlctIon OF the volume OF business and
a sagglng tendency OF prices. This con-
dition OF the speculative mind has been
aggravated by the decision OF the SEN
ate committee on foreign relations TO
report unqualiledly In favor Of the as
sertiOn OF the Monroe doctrine upon
the broadest Guage lines. The numerous
mercantile failures that are being
noted logically exert O dIsqulepnS In
fuence. particularly as there Ii some
disposition TO connect the extreme dull
ness OF the commercial paper market
with the preparations now making by
the banks for expected heavy With
drawals OF funds. incidental to the bond
issue. It Is Internationally. however,
that in the event OF threatened dlsas-
ter to the general business community
the safety valve OF clearing house loan
certificates would be used to the largest
practicable extent TO avert danger to
the merchants. The possibility OF large
Withdrawals OF gold for export and OF
heavy inruads upon the treasury re-
serve by would-be purchasers OF gov
eminent bonds so as to greatly dlmin-
ish the net benefit to result from the
new loan, Is also pointed out as a bear
text. Neither Is the contingency OF the
near elimination OF the Cuban strug-
gle, compelling the recognition of the
Insurgents as belligerents, overlooked
by bulls or bears. Operations for for
eign account have been almost unvary-
ingiy to sell. The market. NJ previous
~ Intimnted, was dun throughout and
at times actunl stagnntion ruled. The
high priced industrials were the fen
lures OF the dealings and were alter
nately manipulated up or down to serve
the purposes OF the insiders. The an
thracGte coal stocks failed to respond
to the news OF call for presidents
meeting TO be held on January %. The
aggregate sales were ISL. 400 shares. The
net results show iTreguiarity. with the
active shares generally lower. Leather
preferred In this class scored an ex-
cepdonal gain Of 81 per cent, while
Sugar made the greatest loss, gA per
cent.
The dealings in railway mortgages
to-day were on a fairly large scale,
with a saggln$ tendency OF prices. The
weeks operations in bonds were OF mod
crate proportions and higher prices al
most generally prevailed. The nBgre-
gate OF the transactions was s7666,000
The net changes In prices, were. as n
rule. unimpOrtant. IrrcgulRrlty np-
peared in the bid OF quotations for gov
crnments. but the final prices are prac-
ticaliy unchanged as n result Of the
weeks' operations, The market was
fairly active with snlcs OF $4,000.
TrndIng In the state securities was In
increased volume and devoid OF note
worthy changes In prices. The sales
fonted up Sl32.0OO.
In the inactive stocks, Cleveland, Lo-
rain G Wheeling preferred gained per
cent; Illinois Steel . and Metropolitan
sTraction ~ per cent.
State bends quiet
Railroad bonds heavy.
Government bonds steady. except for
new Is, which are or per cent.
The total sales OF stocks to-day were
fi9.Ssf shases.
BONDS AND STOCK QUOTATIONS.
Now u. &. 4s registered. .................l
New u. s. A. coupon. ....,...,......,....ll5
u. s. bs registered. ...''..''.'......,.'.lil
u. s. ~ coupon.
u. s, II rcFistCrcd ...............,...,....l0 JOSH
u. &. Is coupon. ......,,.,........,......lt9
u. y. Is rcristcrcd. ....,,.......,.'....,N
Pucinc Gs OF
AtChlHOn ,.,.,........., ,'',..,"...',....' 1924
Adams Express ....,..,.,.....,...,.....lb
American Express ......."...".,..,...,H9
Baltimore &c iO..."..........".......5 y
Canada Southern ,.....,..............., az
Centrn Pacific ,..,,.......,........,...," lils
Chesapeake a. Ohio ACKNOWLEDGEMENTS. IVA
Chicago q Alton .....;;.;as:;::;;...:..'."..'l9,
NahlRnEn