The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-12-24
FINANCE AND TRADE


NEW YORK, Dec. @3.-Moncy on call
easy II; l lsGr2 per cent: last loan . per
cent; closed offered at IL, per cent.
Pine mercantile paper 3isWii. per cent.
sterling exchange rLIicr, with actual
business In bankers bills at 81 81 for de-
mand and 81 S3i3fti S32t Tor 60 days:
posted rates 81 SiL6Ii ~ and 81 S7ia0
I IS; commercial billa 81 SCI. Bar sill
YER 6jS.. Silver certificates GjI:WGj&c.
To.day's stock market was OF holiday
proportion. and the course Of prices indi-
Gated desire To even ZIP contracts on
both sides before the impending pro-
irItcd holidays. Trading came TO a
positive halt, occasionally. and the mod
crate business was almost entirely for
professional account. Prices moved ire
gurarly. but uunderCurrcnto strength
was noted. For some time past efforts
to shake out long stock have, as Il rule.
disturbed only small holdings and to-
day covering OF shorts was the bastS- OF
Improvement in spots.
Foreign delleS appeared Indifferent rs
regards uur stocks. but late In the day
sold New York Central. Lake Shore and
others OF the International shares. result
ing IN material declines in the two las:
mentioned. The selling was induced hy
the reduction IN the Canada Southern
division for the half year. Manipulation
In the industriaIg caused sane decided
gains and impaired sympathetic
strength 20 III" general list, Toward the
close realizatiouS impaired the tone OF
the SpeculatiOus
The market opened at slight shading
in prices. but iirmucss soon developed on
purchases by the bears, which IN the
case OF Burlington, carried the price ny
an extreme per cent The anthra-
cite crLl shares were well supported on
the improved outlook for the trade. and
the rclSSurinS advlces regarding the
probable action on the 1897 dividends. by
the Delaware Il Hudson directors. The
a;ock rose IA and New Jersey Central
II per cent. Tobacco common WAS ac-
tive and rose per cent, and the script
made an equal gain on revived divideR;
rumorS.
The afternoon speculation was Charac-
terizcd by intervals OF Semi-staBnatiOn
and the fluctuations were without I'M
IOElIIlCf llIll llfII u NJ " iAtll VII AAl'
selling previously referred 20. New York
Central and Lake Shore dropped ~ per
cent The selling movement subsidized
around delivery hour and some recover
les occurred.
The closing was steady but very dull.
Bonds were quiet. with prices fairly
well sustained.
Government bonds neglected. hut gem
orally lower.
silver cetIhcate$ steady at Giis. The
total s4l-S Of stocks to-day were 1929
shares.
Evening Posts London financial ca
bl"grIE:
The holiday appearance continues In
the neglected stock markets. Ameri-
cans were lower In sympathy with
New York. The bank failures in the
rnited States will perhaps deter pur-
UhlScs here OF Americans, but they do
not cause realizAt!ons. Well informed
people had looked FOR something OF the
kIad and they expect more.
Finan"Iers here still concur in plaC-
ing 4 lOwer estimate on EnEland'S In
lchic,lncsS % thr United States. as
reflected IN hnnrded sterling bills than
New York cables report.
The mining settlements will begin
| Tomorrow, but no business IS looked
for.
The Paris and Berlin markets were
StradV