The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-01-16
FINANCE AM TRADE
The Features OF tho Money and Stock
Markets.

The Features OF the Money and Stock
Markets.
NEW YORK, Jan. 15.-Money on call
easy at 295 per cent; last loan ut per
cent: closed at per cent. Prime mer-
camille paper per cent. Sterling ex-
change steady with actual business In
bankers bills at 81 SSQ4 SQk for de-
mand and 81 S7Is64 S7at for 60 days.
Posted rates 81 SSG4 SO and 81 $40
4 90JS. Commercial bills 81 S6E. Silver
certificates G7%c. Bar silver 67hc.
Wall street was agreeably surprised
to-day to find that the formal an
nouncement OF the dissolution OF the
world-famous government bond syndi-
cate was not followed by any sensa-
tional developments. The knowledge
that the new government loan. would,
In the event OF necessity, command the
support OF the members OF the syndl-
cate. either individually or as COM
bined force caused the news TO be re-
ceived with equanimity. The volume
OF business was light and the market
displayed a Whiting tendency. This
financial condition may be set down to
the uncertainty that prevails In tinan-
cial circles us 70 the probable course OF
the money market In tho event OF the
from the banks, or the sub-treRsury to
pay for nllotments OF the new govern
ment bonds. As to the loan itself no
doubt Is expressed us TO Its being fully
subscribed or even largely over sub
scribed and the increased competition
for the bonds, owing to the appearance
OF the members OF the syndicate as indi-
viduRl bidders, Is expected to result in
very satisfactory prices to the treasury
department The market, after an ear
ly show OF strength. IN which the Gran
ger and Rubber shares were quite
prominent, developed O BagginR ten
dency to the doubts entertained in some
circles as to the way the market would
take tho news OF the syndicate with
drawal
The railway shares made small frac-
tionnl gains. The closing was firm ut
unimportRnt net changes. a decidedly
strong tone was apparent in the market
for railway and miscellaneous bonds
The business, though moderate, was
well distributed. Transactions aggre-
gated 81, 4OS. 900. The leaders in the I'M
provement were Louisville. St Louis &
Texas Consol bs Truat Receipts I, Ore
Eon Navigation firsts. 81 and Ohio
Southern tirsts ~ per cent.
Prices OF governments were Irregular
at the opening, but stffened subse-
quently. The sales footed up 10000.
State issues came In for more atten-
ton than usual The transactions ag-
gregated 500, 900 and slightly higher fig
ures were recorded.
Government bonds firm and higher.
State bonds inactive.
Railroad bonds strong.
The tntal sales of stuck TODAY were
Isl, 1888 shares.
Evening Posts London financial
cnblegrRm: The stock markets were ac-
tive and buoyant to-day. Investment
stocks leading on cheap money. Con-
were especially strong In tho beginning
OF the dividend announcements, which
were favorable. The demand for South
American governments and. South
American railways continues. The Is
sue OF new Chilean loan OF 100000
pounds Is expected soon.
Americans were dlstinctively better,
Bears IRE covering. Regarded from the
Investment point OF view, the opinion
here Is still against Americans, but the
opinions consider that, given calm in
politics, the size OF the new American
loan II successful, affords u strong bull
point for speculation at present prices.
Fries were good on reports that tho
stock OF the reorganiEed company will
be issued the middle OF February.
The strong rise in Australian mines
continues.
The Paris and Berlin markets were
strong, but the former shows no signs
OF areturn OF activity.
roN.nc AM sTOCR OTATIONa